Business Idea

Start An Inventor Beauty Gadgets Business

About

Starting an inventor beauty gadgets business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell , or selling online, you can use this page as a guide for everything you'll need to know.

Key stats

market size
$82.3B
starting costs
$14.9K
gross margin
40%
time to build
7 months

About

Starting an inventor beauty gadgets business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell , or selling online, you can use this page as a guide for everything you'll need to know.

Key stats

market size
$82.3B
starting costs
$14.9K

 

gross margin
40%
time to build
7 months

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $750 $7,000
Equipment & Supply Expenses $500 $5,000
Inventory Expenses $350 $14,750
Software Expenses $150 $2,794
Website Costs $13 $215
Advertising & Marketing Costs $0 $2,450
Other Expenses $0 $300
Total Startup Costs $1,763 $32,509

Successful Businesses

Business URL Rank
Cool Gadgets, Electronic Gadgets on Sale, Free Shipping for all New and Cool Gadgets at MiniInTheBox miniinthebox.com #32,379
PriceDekho pricedekho.com #33,748
Life Changing Products lcpshop.net #64,208
Spectacles by Snap Inc. • The Next Generation of Spectacles spectacles.com #120,965
Dash bydash.com #179,390
Jean Sainvil jeansainvil.com #285,005
Bornrich bornrich.com #812,418
Vogue Gadget voguegadget.com #1,204,950
World beauty lashes-Biggest eyelash manufacturer private label magnetic eyelash wholesale suppliers| Vegan Mink eyelashes vendors |Magnetic eyeliner wholesale distributor |5D Mink eyelash wholesale vendors|faux mink eyelash factory worldbeautyeyelashes.com #2,614,900
Welcome to the Official Ron Popeil Website ronpopeil.com #2,918,688
Yarlesac yarlesac.com #4,804,317

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 inventor beauty gadgets business costs significantly less money than most businesses, ranging anywhere from 1,763 to 32,509.
Rewarding work Starting a inventor beauty gadgets business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
Scalable With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
Traffic to your website A inventor beauty gadgets business gives people a reason to visit your website and to keep coming back to you!
Cons Description
Crowded Space Competition is high when it comes to your inventor beauty gadgets 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.
Security Issues With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road.
Lack of benefits With a inventor beauty gadgets business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.
Isolation Often times, as a inventor beauty gadgets business, you typically work alone and do not have much face-to-face interaction with other team members.
Taxes As a inventor beauty gadgets business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.