Start A Charging Accessories Business - Business Ideas
Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.
Starting a charging accessories business requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell charging accessories, or selling charging accessories online, you can use this page as a guide for everything you'll need to know.
Key Stats
Startup Costs
| Min Startup Costs | Max Startup Costs | |
|---|---|---|
|
Office Space Expenses |
$0 |
$7,000 |
|
Employee & Freelancer Expenses |
$151 |
$352 |
|
Website Costs |
$223 |
$7,215 |
|
Business Formation Fees |
$5,600 |
$20,400 |
|
Inventory Expenses |
$350 |
$14,750 |
|
Software Expenses |
$162 |
$3,094 |
|
Advertising & Marketing Costs |
$0 |
$1,900 |
|
Total Startup Costs |
$6,486 |
$54,711 |
Successful Businesses
| Business | URL | Rank | |
|---|---|---|---|
|
|
Anker |
anker.com |
14,192 |
|
|
Bandolier |
bandolierstyle.com |
27,042 |
|
|
Nomad |
nomadgoods.com |
27,204 |
|
|
Tracfone Wireless |
tracfone.com |
30,430 |
|
|
PhoneSoap |
phonesoap.com |
49,738 |
|
|
RAVPower |
ravpower.com |
71,407 |
|
|
Blink Charging |
blinkcharging.com |
91,576 |
|
|
Cell Phone Repair |
cellphonerepair.com |
104,295 |
|
|
PowerA |
powera.com |
159,011 |
|
|
Scosche Accessories for Life |
scosche.com |
168,185 |
|
|
ShopRuger |
shopruger.com |
210,601 |
Pros & Cons
| Pros | Description |
|---|---|
|
Flexibility |
You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own. |
|
Ability to start your business from home |
It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning! |
|
Little startup costs required |
The cost to start a charging accessories business costs significantly less money than most businesses, ranging anywhere from 62 to 54,711. |
|
Quick build time |
The average time it takes to build your product is quick - typically around 5 months. This will allow you to bring your product to market faster. |
|
You are your own boss! |
With starting a charging accessories business, you are the one to make decisions for almost all of the operations. Calling the shots can be empowering and liberating! |
|
You can sell your product in various places! |
There are various different markets to sell your product, which will help you reach different audiences and revenue streams. |
| Cons | Description |
|---|---|
|
Crowded Space |
Competition is high when it comes to your charging accessories business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies. |
|
Finding The Right Supplier |
Most businesses in this space go the supplier/manufacturer route, which isn't a bad thing! However, finding the right supplier can take a lot of time, energy and trial/error. If done properly, this process can save you months (if not years) of time and energy. More on this below in the "finding a supplier" section. |
|
Niche Market |
A niche business is not necessarily a bad thing, in fact, it can be the key to your success. However, it can be more challenging and time consuming to find the perfect niche market and target audience. |
|
Work can be repetitive |
You may find creating the same product over and over repetitive and tiresome. One way of avoiding this is to diversify product lines and revenue streams - this will keep things interesting! |
|
You might struggle financially (at first)! |
If you bootstrap your business or choose not to pay yourself (or pay yourself less than you were making at your corporate job), this can be financially taxing. It's important to adjust your lifestyle and set a plan for yourself so you don't find yourself in a stressful situation. |
|
Minimal physical activity |
A big part of starting a charging accessories business is sitting at a desk for the majority of the day starting at your computer. Some may enjoy this, but others may struggle with sitting for the majority of your day without much physical activity. |
Marketing Ideas
-
1
Affiliate Program
Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.
Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.
The affiliate typically gets a unique link where clicks and conversions can be tracked.
-
2
Word of mouth
Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.
Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.
According to Nielsen, 92% of people trust recommendations from friends and family.
Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.
-
3
Social Media Advertising
Social media advertising is the use of social media platforms to connect with your audience with the objective to build your brand, increase sales, and drive website traffic.
According to Oberlo, approximately 48% of the global population use social media, and the number is ever-growing.
Therefore, social media allows brands access to cost-effective advertising by enabling them to interact with a large audience.
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
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- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
