A successful business venture for entrepreneurs is starting a wholesale business. Additionally, compared to manufacturing processes, the firm requires less capital investment. Getting into the wholesale and distribution industries has many benefits. But before you dive in, do some research on well-liked wholesale business ideas that can help to pay off big time. Having an understanding of the popular categories or market segments can assist build the foundation for a wholesale business venture. We aim to present the most profitable wholesale business prospects and ideas. You may get a list of the top 33 wholesale business concepts for 2022 in this article.
Wholesale Business
The core of a wholesale business is buying items in bulk or huge quantities from producers to sell them to retailers. It is a good business concept, and you can launch a wholesale company with a range of goods. For your wholesale business, you have several products to select from. However, you must choose the products after conducting in-depth research on the market’s demand, the number of rival businesses, and the region’s demographics. The local market’s demand, advertising, and customer service are all crucial factors in a distribution company’s success. When launching this business, you must pick a product having enough customers in your region. You’ll need a suitable storage area or warehouse to hold the things because wholesale company concepts involve buying goods in bulk. Also, if you sell online using a platform like WooCommerce, you can use a plugin to add wholesale pricing to your store. Similar wholesale apps are available for other site builders like Shopify and BigCommerce.According to the nature of the items, select the location and build the necessary storage arrangements. Statistical analysis indicates that ideas for wholesale businesses have promising futures. IBISWorld estimates that between 2017 and 2022, the wholesale business industry expanded by an average of 3.8% per year. In the USA, the market for this industry is estimated to reach $10.4 trillion and increase by 4.3% in 2022.
33 Best Wholesale Business Ideas
These are the several business ideas that a budding entrepreneur might choose. Several products sell in wholesale businesses, and the industry allows for a trial-and-error approach to operations. Check out these incredible ideas to launch your own wholesale company.
1. Jewelry
Jewelry retail sales in the US reached a staggering $62.7 billion. Given that this marked the beginning of a pandemic that precipitated a global recession, it is evident that the jewelry sector is a wise choice for any aspirant business owner. The final goods and the raw materials don’t take up a lot of room; which is one of the main benefits of selling jewelry wholesale. As a result, fewer warehouses require inventory management.
2. Accessories
There are many wholesale business options in the accessories market, including key chains, sunglasses, eyewear, and beachwear accessories. Let’s examine the verifiable facts. There is numerous potential for expansion since the market for fashion accessories is anticipated to expand at a CAGR of 12.3% from 2021 to 2026. Even better news for US wholesalers is that North America has the world’s biggest accessories market. However, there are some factors to consider before beginning a firm in this industry. Due to the industry’s intense competitiveness, analysts predict that development and ongoing innovation will be required to gain a competitive edge.
3. Medicine
Medicine is a successful wholesale industry. One industry with the fastest rate of growth and the highest profit margins is the pharmaceutical industry. You must decide on a location to stock the drugs for your wholesale pharmacy. Then you must get in touch with pharmaceutical companies to purchase drugs at a discount. You will then sell these medications to stores or chemists. Remember that you will require several permits and licenses for this business, and secure them before opening.
4. Kids’ Toys
There are numerous times throughout the year for children to receive toys, from big life milestones like graduations and birthdays to festive holidays like Christmas. It is excellent news for retailers as numerous chances for wholesale business are available in this industry. According to the latest research:
- The global toys market estimates to increase by 7.3% CAGR from $141.08b in 2021 to $230.74b in 2028.
- This product category may typically be offered at brick-and-mortar establishments, but the tide is undoubtedly turning due to the growth of e-commerce.
- Income from online sales of children’s toys is expected to increase by 7.7% in 2022 and by an average of 8.1% per year from 2022 to 2027.
There must be something for all age groups, from dolls and pencils to teethers for the little ones.
5. Organic Food
Nowadays, organic food has gained a lot of popularity. It makes a sensible wholesale business concept. There are many kinds of organic food, including fruits & vegetables, cereals, spices, and beverages. Before beginning your wholesale organic food business, select your specialization. Determine your premise based on your niche. Additionally, you can sell things online.
6. Automobile Parts
Automobile repair is a significant industry, and vehicle parts are in high demand. As a result, selling wholesale automotive components is a successful business idea. Headlights, door handles, radiators, mirrors, locks, windows, heating, air conditioning components, brake, axle, etc. are common automotive spare parts. In this industry, where the market is so large, stocking up on various parts is a wise move.
7. Lingerie
The US lingerie market, worth $6.2 billion in sales, is anticipated to grow by 4.4% in 2021. It indicates great potential and is unquestionably a market to consider when considering wholesale business options. Due to the intense competition in the wholesale lingerie market, it is essential to understand what goods are popular and how to position your company to capitalize on these trends. According to a recent study, customers prioritize comfort when choosing intimates. Women are beginning to replace push-up bras with wireless alternatives like bralettes. As of early 2021, these were the most popular lingerie styles in the US, and 2022 is predicted to see more of the same.
8. Laptops And Computers
The market for computers and laptops is immense. Every day, a lot of money is spent on these things. Therefore, selling PCs and laptops in bulk is the best wholesale business idea. A large building is required for this. Purchase goods from well-known producers and market them to merchants or consumers directly. You will benefit greatly from finding a store in a crowded area like a mall.
9. Fertilizers And Seeds
Because the need for fertilizers and seeds is in huge numbers, fertilizers and seeds make suitable candidates for wholesale businesses. Purchase both chemical and organic fertilizers for your company, as both are in high demand.
10. Loungewear
Even before COVID-19, home comfort was trending upward. However, when the coronavirus epidemic struck, everyone was forced indoors, and sales in this market reached record highs. The 1,300% increase in loungewear and leggings sales in 2020 even forced some firms to rethink their sales methods. Furthermore, researchers claim that quarantine has assisted consumers in rediscovering the pleasures of being indoors, even though the world is slowly emerging from rigorous lockdowns. It makes the loungewear trend a terrific wholesale business opportunity because they anticipate it to last a little longer.
11. Candles
In recent years, candles have taken over the market for home decor as one of the trendiest wholesale trends. Candles are expected to rank among the top home and lifestyle products in 2022. Their advantages include making any space cozier and contributing to improved focus and stress reduction. In addition to conducting enough research on wholesale candle suppliers, pay particular attention to the following:
- The rise of demand for sustainable candles if you’re serious about beginning a candle wholesale business.
- Non-toxic and eco-friendly candles, which are typically made of plants and don’t contain chemicals, are becoming more popular with consumers.
12. Activewear
An additional effect of the epidemic is an increase in gym attendance and group exercise. According to reports, people around the world are now aching for some company while their workouts revert to solo routines at home during lockdowns. There has been a 120 percent surge in demand for group exercise courses. Selling activewear wholesale is a terrific way to capitalize on this trend. Additionally, since people would want to exercise in groups, the best-selling products will be those that are both appealing and pleasant.
13. Grocery
Shops like grocery stores are a wonderful place to start if you’re searching for something more conventional. To begin with, there is a good chance that you will have repeat business because individuals frequently need to reload their refrigerators and pantries. The following points can assist you while starting a grocery wholesale business:
- Starting a grocery store has the bonus of being largely recession-proof. Fruits, vegetables, milk, and even snacks are all regarded as crucial expenditures and are unlikely to be discontinued, even in difficult financial times.
- One factor you should consider if you think to start a physical store is the physical location. For instance, opening a grocery store in a region where people frequently travel far for necessities could increase sales as it gives added convenience.
- Even though people still shop for their food in physical locations, more and more individuals are beginning to buy their groceries online. Online grocery shopping is “here to stay,” which makes the online model a very appealing business concept.
14. Skincare
Consumers have traditionally loved skincare goods, and this trend is anticipated to persist for the foreseeable future. The transition to “clean” beauty products has been the industry’s driving force in recent years. Consumers are increasingly choosing to buy goods that are created entirely of organic and natural components and chemicals and are toxins free like sulfates, phthalates, and paraben. The good points are that:
- Supply always follows demand.
- If the specialty of skincare appeals to you, you’re in luck.
You have access to several skincare providers with whom you may begin discussing your wholesale business alternatives.
15. Agricultural Tools
Selling farm equipment might be considered an idea of wholesale business. It is a reliable and long-lasting business that will bring you a healthy return. In this industry, you have access to a large variety of equipment made by well-known producers. Sprayers, diggers, transplants, shredders, tillers, harrow, and cultivators are examples of equipment. Purchase the equipment in bulk to supply the neighborhood shops. Occasionally, you’ll require transportation services to get them to the retailers.
16. Medical Supplies
The demand for medical equipment is high, making it a potential wholesale business idea. It is a large industry with many products, from scanning systems to surgical needles. Therefore, it will be best for you to concentrate on a particular category of goods. Your principal clients are medical supply shops, nursing homes, and hospitals.
17. Sports Goods
Sports goods such as those used in badminton, tennis, soccer, and other sports, as well as accessories like gloves, bats, and helmets, are lucrative commodities for wholesale company ideas. You can sell the in-demand exercise equipment right now.
18. Stationery
There is year-round demand for stationery products such as glue, tape, files, paper, ink, school stationery, etc., and the industry is expanding. Therefore, selling stationery wholesale is a smart business move. The sellers and proprietors of stationery stores are your primary customers in this industry.
19. Footwear
We need shoes to function. So, selling shoes wholesale is a great business concept. For people of all ages, sexes, and socioeconomic backgrounds, there are different footwear produced and sold. You can take advantage of this variety by purchasing a variety of shoes from manufacturers, well-known and less well-known, to sell them to stores. Another successful approach is to sell things online.
20. CBD
Despite being a relatively new business, the demand for CBD products has exploded. In the US, CBD product sales were $4.6 billion in 2021, and by 2026, sales are projected to more than treble to $16 billion. The following are the regulations you must follow legally if you want to start selling this product in bulk:
- For instance, the THC content of your products cannot be greater than 0.3 percent (tetrahydrocannabinol). You might also need to have a particular license to sell, and it depends on the state where you’re in.
- Ensure you are knowledgeable about state and federal laws if you are a producer. If you’re acting as a middleman, only purchase your goods from reputable wholesalers (whether you contact them directly or buy from them through internet wholesale markets).
- These obstacles could seem a barrier for new wholesalers, but with research and staying up to speed with federal and state legislation, you should be able to go forward.
21. Petfood
You may make significant earnings from the pet food industry, which is a fantastic concept for a wholesale business. For diverse types of pets, there is numerous variety of pet food on the market. They are produced by numerous reputable businesses. Maintain a sufficient pet food supply and provide discounts to boost sales. You will sell to pet stores, veterinary clinics, and private customers. For this business, online sales are successful.
22. Interior Design
In 2022, bedrooms are expected to be among customers’ top interior design priorities; there is no doubt that it is a wholesale business potential that should not be passed up. Due to the conversion of the room into a multifunctional bedroom/cum-office, people have been spending more time in bedrooms during the previous two years. And according to experts:
- 2022 is the year that bedrooms are re-calibrated to serve as comfortable spaces where people can unwind and unplug.
- Selling wholesale bedroom items like plush throws, sleep masks, and high-quality bedsheets may be a lucrative business.
23. Kitchenware
The kitchen wholesale industry offers a wealth of opportunities, whether it be in decor or cookware. Wooden cabinets are anticipated to become increasingly popular in 2022. It makes it possible to sell complementary goods. Products with the potential to be great sellers include those handmade cutting boards and these soft-colored kitchen towels. Additionally, the warmth and inviting atmosphere created by wooden furniture will encourage people to spend extra time in the kitchen.
24. Indoor Plants
When lockdowns occurred, its popularity soared, and analysts predict that it will remain popular in 2022. Yes, indoor plants are the topic at hand. The consumers’ attention will now be on their accessories rather than the actual plants because they have two years of expertise in caring for plants. Therefore, items like hangers, pots, and plant accessories will fly off the shelves. Consider the following predictions:
- Experts predict a rise in the popularity of handmade and eco-friendly products, so a wholesale garden company with those priorities could capitalize on the expanding trends of plant-loving customers.
- Having said that, a handcrafted product like this baby hedgehog planter could be a terrific addition to your distribution company’s product line.
25. Computer Accessories And Components
Their components and accessories are in high demand, just as those for computers. It makes this company a profitable wholesale business concept for you. Retailers, computer repair shops, and individual customers are potential clientele. Strategic store placement and good contacts are crucial for this firm.
26. Spa And Spiritual
The best chances for wholesale businesses in 2022 are spa and spiritual products. It’s all in the numbers:
- Over the five years from 2020 to 2024, the market for spas expects to increase by $25.5 billion.
- Crystal healing has become a more popular spiritual search word, rising by 60% in the last ten years.
Whether it’s incense, bath salts, or crystals, these goods have succeeded in the past couple of years as people turn to alternative remedies to ease their stress and anxiety associated with the pandemic. Anyone can take advantage of all this potential by starting a successful distribution firm.
27. Furniture
Furniture trading at wholesale prices is a successful wholesale business concept. You would be wise to select a specialty, such as space-saving furniture, office furniture, etc., as there are numerous types of furniture used for various purposes. For the sake of your company’s reputation, purchase goods from reputable producers. Your main clients are furniture store owners and interior designers. Online sales can be lucrative as well.
28. Construction Supplies
Everywhere you look, construction is going on, and supplies are in demand. Construction supplies are a successful wholesale business idea as a result. Purchase supplies like plaster of Paris, paint, tiles, marble, metal bars, limestone chips, and cement. The supplies need a lot of storage space.
29. Electronic Devices
There are many different types of electronic devices. Select a specialty, such as home appliances, and begin wholesale trading. It is a fantastic wholesale business idea that can yield high returns quickly. Purchase devices from well-known companies, especially those that are well-liked in your industry. A large storage area is required for this operation.
30. Livestock
Livestock is a highly sought-after product and a lucrative wholesale business idea. For this business, you will need a sizable farm in a rural region. Concentrate on the livestock that is most in demand in your industry. Pigs, cows, and goats make the greatest money as livestock. Learn as much as you can about the breeding, feeding, and disease control of the animals you plan to sell.
31. Leather Products
Products made of leather are highly regarded and in high demand. Consequently, it is a successful wholesale company concept. Numerous categories of leather goods, including purses, wallets, coats, belts, shoes, etc., are produced. Stock these products from renowned manufacturers and sell the products to merchants, store owners, or private consumers to make good earnings. The products can also be sold online.
32. Plastic Products
Plastic products, which range from bottles and containers to PVC sheets and pipes, are widely available and make for a profitable wholesale business. Consider buying things made of safe, recyclable plastic while keeping the risks to the environment in mind. For plastic goods, a big storage area will be required.
33. Glassware Products
Glassware wholesale is a successful business concept. In addition to surgical or laboratory glass items, you can sell tableware, containers, drinking glasses, serving utensils, and vases. They sell for a fair price, guaranteeing you a big profit. In this situation, an internet sale is a smart choice.
Conclusion
Ideas for a wholesale business revolve around making bulk purchases and reselling them to retailers. You can make significant earnings from this business if you can effectively plan and gauge the market.
