Practical, ecological and economical, electric scooters are essential for you. whether you are going to work, school or simply for an errand, scooters have become essential as a means of transport.
You want to specialize in electric scooters.
But did you know that you can build a business selling them online.
What is an electric scooter?
An electric scooter is a vehicle equipped with a battery and a motor.
It allows people to circulate effortlessly and to feel free. You no longer have to wait for public transport and electric scooters are faster than walking.
Advantage of electric scooters
The use of electric scooter is becoming more and more popular in urban centers. Low gas costs, insurance costs and flexible parking options make electric scooters a trendy type of micro-mobility.
Start your own online wholesale business and sell electric scooters on the marketplace Shoppydeals.
Why sell on the Shoppydeals.fr marketplace
The Marketplace community is number 1 on online selling fees. This is a program made for you: You are a industrial successful company that is prospecting new markets, a entrepreneur ambitious or ae Mark innovative, you want to access a European market of +450 million consumers.
Sell electric scooters online
The electric scooter market grossed $1.2 billion globally in 2020 and is expected to grow exponentially by 2030 to reach $13.3 billion.
Electric scooters aren't the only profitable item. There are related products that can earn you a lucrative income, such as parts and batteries.
Electric scooters and their parts and batteries are a staple in the market and have excellent profit potential.
An example of related scooter products is the lithium-ion battery, a popular battery used by electric scooters with a rapidly growing market due to its low environmental impact. The lithium-ion battery segment is expected to grow at a substantial compound annual growth rate (CAGR) of 10.4 %.
If you've considered the benefits of wholesale scooters, e-bikes, batteries, parts and products online and are looking to learn how to do it, this guide is for you.
We will discuss the wholesale electric scooter industry and its potential in selling online.
Why start an online electric scooter wholesale business?
First of all, electric scooters are popular in Europe and the Americas. They have recently started appearing in cities as an affordable means of transport and an alternative to cars and motorbikes.
The global sale of electric scooters and e-bikes is expected to reach 129 million by 2028. Revenue of electric scooters is expected to grow by 21 % by 2023 as experts predict huge developments and increases in North America, Europe and Latin America.
The market for electric scooters is growing at a breakneck pace. One of the reasons for this is the expansion into new areas. E-scooters and e-scooter sharing used to be a Western concept confined to Latin America, North America and Europe.
Now, countries like China and Singapore have also joined the electric scooter market, which could reach $200-300 billion in the United States, $100-150 billion in Europe, and $30-50 billion in China.
1. Popularity Means Profit
The global demand for electric scooters and their various associated parts and products is growing rapidly. More and more customers in some European countries like Spain are using electric scooters rather than cars or motorbikes.
This phenomenon will probably occur soon in the United States and other countries.
People are simply opting for transport that is cheaper and gives them more flexibility in terms of parking and driving.
The global market for electric scooters is taking off as more and more people decide to switch from private and public transportation like cars and buses to owning and renting scooters.
Waiting for buses and being pushed around on public transport is an unpleasant journey for many commuters.
The maintenance, repair and insurance costs of cars and motorcycles have caused consumers to reconsider their mode of transport, not to mention the high initial costs of vehicles and motorcycles.
The scooters are very affordable which makes them popular and profitable for sellers.
Imagine the revenue potential of your online store when you wholesale different brands and models of scooters, as well as parts and batteries.
2. Electric scooters reduce pollution
These days, it's important that customers see your business as part of the solution to global problems. Consumers want low carbon footprint and eco-friendly travel options.
Research published by various environmental groups shows that electric scooters are more environmentally friendly than cars.
Because e-scooters and e-bikes don't emit pollutants, they're a great option for someone who wants a low carbon footprint.
4. It's a booming industry
The global electric scooter market is expected to reach $41.98 billion by 2030, growing at a CAGR of 7.7 %
Factors contributing to this rise in electric scooters are rapid urbanization, a growing population of millennials who prefer electric scooters to cars, and an increased interest in eco-friendly travel.
How to wholesale electric scooters online?
A wholesale distributor is a business owner who purchases finished products in bulk directly from product manufacturers.
In various cases, the business owner redistributes the products to retailers, their distributors, or consumers. A wholesale business owner primarily distributes to retailers and their distributors.
The lucrative concept behind wholesale is buying high quality popular products at a lower price.
Thus, wholesale distributors buy products in large quantities in bulk, which reduces their costs. Then they can make low-cost deals between product manufacturers and distributors.
Starting a wholesale business makes perfect sense when considering the earning potential. This article has provided information to demonstrate that electric scooters are a fast growing industry and a viable product for a successful online business.
However, there are still other things to consider when starting a wholesale business. After all, the market is very competitive.
The global crisis and resulting lockdowns prompted many entrepreneurs to turn to wholesale distribution to make a profit while other businesses struggled.
Here is a step by step guide to give you tips on becoming successful in the online electric scooter market.
1. Do research and create a strategy
Every business has competition, including electric scooter wholesale.
The good news is that every new seller can learn how to build a lucrative and rewarding business by researching their competitors: what worked and what didn't.
It is therefore essential to research and learn what other sellers of the same product are doing.
You can gather information from high performing salespeople to study and emulate their processes. But, you can also learn from smaller vendors to determine what they could do better. Then apply what your research has taught you to make your store successful.
From the data you gathered after doing your research, you can then brainstorm and come up with a business plan for an online store that creates a stable cash flow for you.
2. Build Relationships
New wholesale business owners often make the mistake of overlooking the role of relationships.
Networking with people is essential for the wholesale industry.
Fortunately, you can make meaningful connections for your wholesale business by attending virtual and in-person conferences and joining online communities through webinars.
Researching your target market is crucial to understanding demographics and optimizing sales. Your target market includes product manufacturers, retailers, and end users.
Subscribing to newsletters and blogs from different industries is a great way to build relationships. Blogs and newsletters provide you with the latest industry news and updates.
It is also useful to study advertisements in ezines, websites and blogs. These ads may reveal the names of retailers and manufacturers looking for your products and services.
You can also use paid and organic ads to promote your business and reach a wider customer base.
3. Learn the process
You need to have many basic business skills to be successful in wholesale business.
Some of the skills needed to be successful in e-commerce include supply management, negotiation skills, marketing abilities, team building, and bookkeeping.
These are skills that you can learn on your own by taking various courses. Alternatively, you can choose to outsource these aspects to experts.
For example, you may choose to hire a marketer or marketing agency to promote your electric scooters and their associated parts.
Although not a skill, it is part of setting up your business: you may need to register your business and obtain a wholesale license to comply with local licensing regulations commercial. Registering your business gives credibility to your store.
4. Plan your start-up budget
Your budget plan should include money set aside for purchasing inventory, in this case electric scooters, batteries, or parts. You may also need to purchase hardware such as a phone, printer, computer, not to mention internet costs.
Putting a budget for marketing is also essential.
You can choose to create and distribute your content on social networks by writing all your posts and using graphic and video creation tools like Promo and Canva.
You will then need to set up a social content calendar to manage your accounts using software such as Hootsuite.
Running contests and promotions is a great way to bring more attention to your store and reach more customers.
You can run ads on Instagram, Facebook, and other social platforms if you have the advertising budget. However, you can choose to hire someone else to create and run your ad.
Once you can grow your business, your budget can also include employee salaries. You may need to hire an accountant, assistant or wholesale consultant.
4 Tips for Wholesale Electric Scooters Online
You have now learned some basic facts, figures and principles of wholesaling in this article. However, you might be curious about the specifics of selling electric scooters online through a wholesaler.
Shoppydeals.co.uk is a great resource for new and experienced wholesale business owners.
Selling scooters is a relatively simple process as there is already a large market for electric scooters, electric bikes, electric scooter batteries and electric scooter parts.
You already have a large group of customers and many retailers and distributors who want your product.
So here are four tips for wholesale electric scooters online:
1. Join the online marketplace
Being a B2B success story means staying on top of wholesale trends. Tracking trends and wholesale products online is made easy by platforms such as Shoppydeals.
On a platform with so many users, an electric scooter wholesale store owner can easily access information about how other sellers are creating and promoting their business and get information about the how buyers order and what they order.
2. Build customer service loyalty
To be successful, you need to have great relationships with your customers so they will come back to do business with you again and again.
So you need to provide great customer service to keep customers coming back. A great way to do this is to pay close attention to your customers' needs and then respond to those needs.
For example, your e-scooter retail customers may require fast deliveries to satisfy their customers.
You can achieve this by ensuring that you always provide detail-oriented service and feedback opportunities.
Reach out to your customers after your e-scooters have reached them with a courtesy message that includes a link to FAQs or a customer service page. These simple gestures show that you care about their satisfaction.
3. Manage your inventory
Inventory management is key to successfully running a B2B electric scooter business.
If you don't have good inventory management, you could lose a lot of money if some of your products, such as electric scooters, batteries or related parts, are discarded due to overfilling.
On the other hand, if your inventory is well organized, you will have a proper system to maintain a minimum supply as needed.
In this case, you wouldn't have to pay extra for storing too much stock in a warehouse. And, you'll have the right information to know when to restock and how many more products you need without waste, which increases your profit.
4. Set up a credit limit policy
A key rule when wholesale electric scooters is to not give your customers too much credit.
While a flexible and friendly relationship with your B2B customers is key to the success of your business, you also need to ensure that your cash flow is not affected.
If you go over credit and your cash flow is affected, you could go into debt. Knowledge of finance, accounting and good negotiation skills are required for wholesale.
Imagine a situation where you give too much credit to a customer and your manufacturer demands payment. You have no money and your business is in trouble.
On the other hand, if you have a good relationship with a retail customer who has a solid track record of paying on time, proving their reliability, you can offer credit and discounts.
Why use Shoppydeals.fr for your business?
A wholesale electric scooter business creates a work-life balance because you benefit from flexible working hours as the business owner.
Some studies show that wholesale business owners only work about 20 hours a week while they sit back and watch the orders come in.
So why use the platform Shoppydeals.co.uk?
Shoppydeals offers an online selling solution for businesses that encompasses the best E-commerce industry standard features similar to Amazon, Ebay, Etsy with two major advantages, very low commissions on sales and an independent eShop store for a better visibility of merchant offers.
Customers can discover your wholesale scooter business online, and you'll see more sales with tools that display analytics and customer data, create a personalized digital storefront, do targeted advertising, and more.
This platform also offers professional services with a team of experts to guide you through every step of setting up your store and helping you lay out a simple roadmap to generate a stable revenue stream.
You might want to explore the wide variety of electric scooters on Shopydeals.com.
Are you ready to succeed in the wholesale business? Start selling on Shoppydeals.fr.
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