Lighting products are very popular for a variety of events. DIY weddings, garden decorations and parties are just a few occasions that might see consumers searching for lighting products and so for resellers this is certainly a market that could light up some profits.
There are a variety of lighting products on the market and it’s clearly a product that is experiencing a growth in sales. Lighting usually falls under the DIY or gardening market and, according to a recent survey, both of these markets have seen a rapid period of growth.
A report out earlier this year revealed that during April 2014 consumer spending had risen by a total of 3.7% compared to the previous year and the two markets that appeared to be experiencing the most growth were the DIY and gardening markets. Compared to the year before, online spending on DIY products rose by 44% whilst gardening centres all over the country saw an increase of 40% throughout their eCommerce websites.
So the figures clearly show there is a demand for DIY and gardening products and as lighting falls within this arena, the Wholesale Scout team wanted to look at what lighting products are available at trade price and what kind of return on investment they could offer.
Firstly, the team identified the types of lighting products on the market and being sold by retailers:
Solar lighting – solar lighting items are popular for a variety of events and occasions. Many DIY weddings involve this type of lighting and many consumers also purchase solar lighting for garden decorations. You can find solar lighting in a number of styles including heart shaped solar lights, rock shaped solar lights and string solar lights that can be suspended on balconies and garden furniture.
Fairy lights – these are bought in large volumes at Christmas time so if you’re a reseller looking to increase sales during December finding fairy lights at low prices could be a good idea. But these lights are also purchased all year round as decorative items.
Home lighting – there are a variety of home lighting products to invest in. Candles, fixed lighting and decorative lighting are just a few of the products you could be looking out for in this market.
The team at Wholesale Scout have found trusted wholesale suppliers offering lighting products like this at low trade prices. One wholesaler was offering single solar lights for 78p per unit – with a resale value of around £1.50 per unit. The team also found another supplier selling packs of 20 fairy lights for £2.55 and looking on eBay packs like this can resell for around £3.99.
To find wholesalers of products like this register with the wholesale directory now.