Fashion has been one of the most lucrative segments in trade and business over the years. Its popularity is even greater in the eCommerce sector, where the revenue is increasing year after year. The fashion segment will generate revenue of US$878,334m by 2021. The annual growth rate (or CAGR) for the period 2021-2025 has been estimated at 7.31%. The market volume will be estimated at US$1,164.693 million by 2025.
The accessories and bags section of the fashion section is a particular area that attracts the attention of online shoppers. Statista states that the bag and accessory segment will generate US$164.841m by 2021. CAGR is expected to grow 8.37% between 2021 and 2025. This article will provide more insight into the reasons for the steady growth of these segments. We have previously covered the most common types of watches to dropship, but this time we will focus on luxury bags to ship.
Bags are a fashion-forward accessory that blends function and fashion. Bags are no longer just for everyday use, such as keys and wallets. They have become a symbol of sophistication and elegance, and can be used to add style and elegance to any woman’s overall look. There are many occasions that require different bags. So whether you’re going to the movies or just going out with friends, a formal event, a wedding or business meeting, a bag that fits the occasion is a must.
Dropshipping women’s bags is a lucrative venture.
Many indicators can be used to answer this question. We will be focusing on the three most important indicators: price, product range, and quality.
Price
The general rule is that bags sold in brick-and mortar stores tend to be significantly more expensive. The reason is that the owners of brick-and-mortar stores have to manage other daily tasks such as maintaining the shop’s premises, amortization on equipment used for flawless sales, payroll costs, rent payment, and any other costs associated with running this type of shop. People are more inclined to shop online for cheaper products and services, which increases the risk in the eCommerce market. A niche dropshipping shop that sells bags would be a great idea and bring in a lot of profits.
Qualitative
The quality of products sold in brick-and-mortar shops will be lower than those available online. This is due to the same reason we discussed in the price section: ongoing costs that an owner must pay to keep the physical shop open and able to provide full service. Naturally, high-quality bags will be more expensive than low-quality bags.
Online stores, on the other hand can offer high quality luxury women’s bags at lower prices because they don’t have to incur the same costs as brick-and-mortar stores. Online stores have a lot more room for price adjustments. Dropshipping does not require inventory to be bought in advance of the customer’s order. Dropshipping is a more reliable operation that will help you win more customers and increase your profits.
Product range
We have already mentioned that brick-and-mortar stores do not offer a wide range of products due to the physical inability to store thousands of bags on their shelves. Dropshipping allows you to list multiple products in a single place. The web store can include a list of all bags that you offer, making it more attractive to potential customers and encouraging them to purchase.
Which are the most sought-after bags for women to dropship?
It can be difficult to build your inventory. This is because it is important to decide which audience segment you will target with your products. The best way to craft your product offering and attract the attention of the most sensitive buyers is to research the market. Because of their versatility and many uses, women’s bags can be a great segment to sell online. This segment can be broken down by the bag that a woman would like to buy.
Tote Bags
Because of their simplicity and practicality, totes bags are a popular choice for women. The bag’s key characteristics are its shapes, which can be squared or rectangular, and the simple design. This bag is also known as the “shopper’s bag” because of its size and practicality. There are many styles and colors of tote bags that can be used for different occasions. The tote bag can be used for the beach, or just for a night with friends. Including it in your inventory will help you stand out on the market and get you a purchase.
Bucket Bags
These bags can be used to carry all the belongings of women and are extremely spacious. The bag’s well-designed bottom provides more security and allows for easy positioning. The body is almost always soft and has a drawstring at the top. This is a common feature for this bag type. This handbag is comfortable and can hold large items. All of these features are combined with a well-known brand name to create a winning fashion product that you can dropship.
You can dropship luxury brand bags by using the Michael Kors leather bags and Coach bucket bags in bold colors . These bags are high-end luxury items that will catch the eye of fashion consumers and offer the security that brands have. You can also try the Byblos Coral bag for a relaxed brand experience. These bags are hybrid bags, but come in different colors that can be a huge hit with some consumers.
Satchel Bags
A satchel bag can be used to organize your everyday life. Because of its compact design, it is often worn by professionals and students. It has a flat bottom and buckles and clasps to secure the bag. A strap allows for cross-body wear. These characteristics make the satchel bag large enough to carry laptops, books and other heavy items. Coach’s signature luxury bags are designed with the Coach “CC” pattern. They offer a mix of style and practicality for those who have refined tastes. The Serena small leather bag is a great option for those looking for smaller bags. The Michael Kors Ciara Zafiano satchel-bag will certainly catch the attention of those with sophisticated tastes.
Hobo Bags
The hobo bag, a bag with a crescent shape that can be used for casual or leisure wear, has an unstructured design. This bag is more popular with women because it can be worn on casual occasions like the beach, walking with friends, and other mundane activities. The interior is very spacious and can hold all the necessities that are needed on a daily basis. This design was inspired by cartoons that showed characters carrying a stick with a bag attached. A hobo bag can be a great addition to your dropshipping shop and attract different audiences. To spice things up, you might consider the Michael Kors Suri leather hobo signature bags.
Duffel bags
The duffel bag, also known as the “weekender”, is mostly used for weekend or short-term trips. The duffel bag’s unique cylindrical shape is ideal for quick getaways with friends. It can hold many belongings, clothing, and other essentials. These bags will be used most often and should be made from weatherproof materials to ensure greater durability. Horizontal positioning is a great option for light-packers and provides great convenience. They will make a great addition to your website and attract the right audience. You will also be able to attract women travelers if you have luxury duffel bags. The Lamborghini duffel bag is a great addition to your shop. It offers a refined experience.
Clutch Bags
The clutch bag is next on our list of women’s bags that we dropship. The clutch bag is a small, elegant design that can be worn with any outfit. The clutch bag is small and can only hold a few items. However, the perfect item for formal occasions is the one that has a small design. This list contains branded clutch bags from luxury brands such as Michael Kors and Coach.
Minaudiere
This bag is a smaller version of the clutch bag mentioned above. Minaudieres are often worn with nightgowns and on very formal occasions. These bags are elegantly embellished with sequins, crystals, beads and sequins. You can offer something different and appeal to a specific audience by offering something unique. Check out the various clutch bags to find out how they would fit into your web store.
Backpacks
The backpack is last on the list of bags for women to dropship. The backpack is a fashionable fashion statement, despite its practicality. The backpack is versatile enough to be used for almost any occasion. Women today wear backpacks everywhere, whether they are going to the gym, the office, the movies, home parties, or just for walking to the park. A backpack is a small bag that can hold all your precious possessions, such as water bottles, sunscreen, and headphones. A variety of fashionable backpacks are available from every major brand. If you want to add some luxury motives to your backpack, make sure to first check the Michael Kors’ Erin Medium Signature PVC backpack styles. BrandsGateway offers many brands that sell backpacks in different styles, including the Coach backpacks with the “CC” pattern, Cavalli class backpacks, and the Dolce and Gabbana multicolor backpacks. These backpacks will appeal to a wider range of style-savvy customers.
It’s that simple.
It can be very appealing to start a business that includes bags for dropshipping. The focus should be on the quality of the products. This is particularly important if your target audience is broader. However, it may also be useful if your goal is to reach a specific group of customers. Bags will remain an essential item in everyone’s wardrobe. Bags will continue to be a key part of the market’s fashion market and will bring in profits for all sellers who choose to enter this market. This article will guide you in making the right choice if you’re still unsure about the best type of dropshipping store for you.
