Let us put this as simple as possible – Selling adult toys online using the dropshipping model is one of the most profitable businesses today!
The sex toys business has always been one of the uncracked business opportunities in the adult industry. And the COVID-19 pandemic has really boosted all streams of adult businesses. And sex toys business is no exception to that, specially the magic wand vibrators which have seen an unseen and impressive demand during this period.
Earlier, selling adult toys required a huge inventory to be piled up with goods. When a consumer places an order, one has to head for the inventory and manually send goods to fulfill the order. But with the dropshipping model, the sex toy business has become a walk in the park!
How? Let’s get to that!
Advantages of Starting a Sex Toys Business Using the Dropshipping Model
1. No Need For An Inventory
You literally need not have an inventory and we mean that! One of the main benefits of the dropshipping model is you need not have to maintain an inventory. You sign up with dropshippers who have their own inventory. The product display and marketing is all you have to do.
2. Low Startup Cost
With the inventory setup out of the equation, the cost to start a sex toys business is relatively low. All you need onboard is a website that is fully functioning and has the necessary features to sell adult toys online.
3. Fulfill Orders With Less Risk
Since you don’t have to worry about the packaging and stuff, there’s less to no risk you have to face. The dropshipper is responsible for fulfilling the orders your customers make. You, on the other hand, can increase sales by concentrating on marketing activities.
4. Huge Product Portfolio
Imagine running your own brand. You get to promote only your products and the portfolio is going to be limited. But when you sign up with a couple of dropshippers, you can showcase a huge range of products with ease.
Though there are many, mentioned above are the most important benefits of using the dropshipping method to run a sex toys business.
Now that we’ve covered the above section, let’s look at the key statistics of the sex toys business,
- A study revealed that the pandemic boosted the sex toys business up to an approximate 26% between 2019 and 2020.
- The sex toys business industry is expected to reach a market size of $34 billion by the end of 2021.
- The sex toys market size is expected to reach an estimated $52 billion by 2026 and the growth is going to be driven mainly by female consumers.
- The primary method of selling adult toys is going to be eCommerce in the long run followed by specialty stores and mass merchandisers.
- In 2020, the top most purchased sector was the adult vibrators segment and countries like the USA, Canada and Japan will drive the growth in the future.
So, you now get an idea of how profitable the sex toys business with dropshippers is going to be, don’t you?
This will bring you to the question, how you can start a sex toys business with dropshippers!
Well, we’ve sorted it for you!
Steps to Start a Sex Toy Dropshipping Business
Before we start looking at the steps, your sex toys business website should be having features like,
- eCommerce store like structure
- Built-in adult payment gateway
- Option to give ratings & reviews to products
- Social media integration option to share products
- Option to import CSV/XML files to showcase drop shipper products
- Coupon code creating option to promote sales on the website
- In-depth analytics and multiple language options
The above-mentioned options are mandatory for your sex toys business website.
Now, you can build this from scratch which takes at least a month and is going to cost you five digits. Also, you have to get dropshippers manually onboard which is quite the task!
The better alternative is to choose an Adult eCommerce Website Script with dropshipping API. Here’s one such script for you!
xMarketplace – Adult eCommerce Website Script
Like the title says, xMarketplace is an adult eCommerce script that lets you build a sex toys website. The xMarketplace script comes with all the features mentioned above and even more.
Put in a phrase, xMarketplace is your one-stop solution to sell adult toys online. The script allows options for high customization and since it is a white label solution, the branding section is totally yours!
And here’s the cool part – xMarketplace comes preloaded with 70,000+ products and a couple of dropshippers. This saves you from manually reaching out to dropshippers and getting them onboard. All you have to do is, install and start selling adult toys online!
Now that you know the approach you should take to start your sex toys business, let’s take a look at the steps!
Step 1: The first step to start a sex toys business or any other online business for that matter of fact is to buy a domain.
Step 2: Once when you’ve purchased a domain that represents the nature of your business, it’s time you choose a hosting provider. Make sure that your hosting provider accepts adult websites.
Note: When you choose to go with xMarketplace, you don’t have to buy the domain and hosting provider separately. Head to the M3Server. Choose a hosting plan and claim your free domain name during the checkout process.
Step 3: When done with the domain name and hosting, install xMarketplace on your server. You can sit back and relax because the support team will take care of this.
Step 4: After installing the script, you should now customize your sex toys website. This is also going to be a piece of cake since the support team does it for you!
Step 5: Once done customizing, all that’s left to do is, market your website and go live.
Since the products and drop shippers come preloaded, you don’t have to worry about the product inventory. Just check with the dropshippers on a regular basis for stock availability and update your digital inventory accordingly.
On a scale of 1-10, how simple do you think the process is? Let us know in the comments section!
So, that’s pretty much about a sex toy dropshipping business!
Final Few Words
Selling adult toys online is an increasing business opportunity today. With the market predictions on the positive side, there could be no better time to start a sex toys business!
Now that you’ve got the steps and solution as well, there’s no reason for you to wait!