Why Selling Office Supplies Online is considered a Profitable Ecommerce Business?
If you ask any reseller about the type of products to sell online, he would suggest office supplies. As we all know, the success of your e-commerce business is completely dependent on the selection of products. Choose the wrong products and your business will go downhill. Important criteria when selecting products to sell online is that the products generate revenue and help to grow your business. If the products that you are selling online are not giving you any profits, it doesn’t make business sense to start this venture.
In case you decide to sell office supplies online, rest assured you will do well in your online business. The Global office supplies market is expected to reach USD 273.9 Billion in 2024. The market value of the global office supplies market is expected to increase at a CAGR of 2.7% over the forecast period i.e. 2019–2024. This clearly suggests why selling these products online can be a wise decision.
Office supplies is one niche that has very low competition but surprisingly its search product volume is very high. This works in your favor as you are able to generate more revenue by selling these products. The propelling demand for office supplies in every sector means selling it online makes it a recurring source of revenue.
It is a known fact that businesses all over the world depend on office supplies for their day-to-day functions. There has been a steady increase in the opening of new offices and home offices. As a result, the office supplies market will continue to grow exponentially in the coming hours. High-quality stationery is a pre-requisite requirement within the office environment. So starting an office supplies eCommerce store is a win-win situation for both the reseller and supplier.
Apart from choosing the right products to sell, it is important to pick up an appropriate eCommerce solution. Make sure the platform has all the features you need to sell office stationery in an effortless manner. Since you are a reseller and will be buying from a distributor, make sure your online store connects with the office supplies catalog of the distributor.
From design to set up to launch, you shouldn’t face any issue in creating your website. The e-commerce platform you choose should allow you to create a store in a hassle-free manner. If you don’t want to handle inventory, choose a dropshipping distributor who will take care of inventory, order packaging, and shipping it to your customer. Dropshipping is a popular business model that will allow you to quickly start an online store of office products.
On the whole, with the rapid increase in the number of corporate offices, there is little doubt that the office supplies market will witness exponential growth. In order to boost growth in your online business, don’t just stick to selling writing supplies; offer office supplies in different segments that include calendars, tape & adhesives, computer & printer supplies, clips & fasteners, etc. Offering a wide range of office supplies will allow you to attract customers from different industry sectors.
