Are you looking to generate income in the online business arena? Tumblers may be just the ticket! With their attractive designs, color options, and 20-ounce capacity, these sleek “skinny” cups are a top choice for gift-giving and everyday use.
Whether you prefer soda, coffee, hot chocolate, juice, or any other beverage, tumblers make it easy to enjoy your favorite drinks on the go. Thanks to their portability and trendiness, sales of tumblers have skyrocketed recently.
But how can you tap into this booming market and profit by selling tumblers? Fear not! This guide has got you covered. Here, you’ll find expert advice on all aspects of the tumbler-selling business, from identifying your target audience and devising a winning marketing strategy to surpassing your rivals and boosting your sales figures.
We’ll even walk you through the ins and outs of launching a tumbler business and highlight the best places to sell your wares. So, let’s dive into the world of tumbler sales and start raking in those profits!
What is a Tumbler?
A tumbler is a drinkware more like a sipper in which you can add liquid drinks, including hot and cold drinks. Tumbler contains plastic, glass, or stainless steel and usually has cold drinks.
A tumbler comes with a straw or a lid without any handle to hold them. These tumblers are trending due to their shape and perfect size; they have double-walled stainless steel that provides complete insulation to maintain the temperature of hot and cold beverages.
The opening area of this tumbler is wide open and allows you to add ice or other ingredients easily and mix them before drinking from the sipper.
Tumbler Vs. Travel Mug: What’s the Difference?
Tumblers and travel mugs have many similarities, and it can be challenging to differentiate between them. The look and properties of a tumbler and a travel mug are the same.
The significant difference between the two is that a tumbler is a big plastic cup with a lid or straw, while a travel mug is a metal mug with a press button that you can flip and open to have a sip. Some of the features that will help you to distinguish between a tumbler and a travel mug include;
- A travel mug has a lip press button lid, while a tumbler has a lid that works as a sipper.
- Travel mugs may or may not have a handle, and a tumbler has no handle.
- The shape of a travel mug is such that it can easily fit into the car drink holder, while the shape of the tumbler is big with a broader mouth.
- A tumbler helps keep the hot drink and the cold drink cold, while a travel mug has insulation to keep the hot drinks hot for longer.
Usually, it is tough to tell the difference between them. You can buy whatever you like the most as there’s no notable difference between the two.
How Much Money Can You Make by Selling Tumblers?
You can make a lot of money through selling tumblers if you know how to find a unique product and a proper way to advertise and market your product to make money. The tumbler market is massive, and its worth is 2983.1 million USD today and increasing.
In the coming 5 years, its worth will likely increase to 5549.5 million USD. Selling tumblers is not new; many people do it and earn a good amount. This business has incredible profit if you know how to do it. The question of how much money you can make depends on the selling price. You can sell a tumbler for $35 to $40 and make one for $11 – $15.
There is 50% profit from each product; if you make them in bulk, the profit will be amazingly high. You can save $20 to $26 from each tumbler; with this calculation, if you can sell 100 tumblers monthly, your profit will be $2000 to $2600 monthly.
How to Make Money Selling Tumblers?
If you want to make good money by selling tumblers, you need a few things; a business plan, target market, website, marketing strategy, reasonable price, and a unique product.
You can make significant money if you have all these things. You will have to buy tumblers in bulk and at a low price, with some glitter glue and a bright tone to enhance the look and glow of these tumblers.
You need to capture good images of your product. If you want a complete insight and process about starting a business and making money through selling tumbler, read till the end of this article.
How to Start a Tumbler Business?
You need to take care of some things while starting a tumbler business; the most important thing is the plan; you should have a business plan. Along with a plan, you should have a particular niche, target market, pricing of the product, and marketing strategies to make money and fix your foot in this business plan.
Here is the detail of each component of starting a tumbler business and the revenue potential it have;
Business Plan
A business plan is the best part of starting any business; without a business plan, you have nothing. You need to make a brand of your product to create a name for yourself. After this, you must price your products and the number of products you want in a day or month.
Make sure the price can attract the customer as a first-time buyer. You can apply skimming or monopoly marketing strategies depending on the competition and the area. Use social media as a friend, and spread your products and brand for maximum profit.
You need to learn about the product you want to sell, tumblers are very trendy, and everyone loves to have a sipper with them to fulfill their daily water intake. Mostly, people don’t want to use plastic bottles to use and through them right away.
Tumblers are reusable, recyclable, and washable bottles. The demand for tumblers increases during holidays, and you can increase the supply during this time to make a significant profit.
Identify Target Market
After deciding the type of tumbler you want to sell, it is time to identify your target market. You need to understand the wants and needs of customers and focus on what type of customers you have and what products they appreciate.
It would help to focus on your customers’ needs and wants, such as their cultural values, lifestyle, and ethnicity. After identifying the target markets and the customers, you can focus on the product’s manufacturing and the 4 Ps of marketing, including product, price, place, and promotion.
There are different sources on the internet to learn more about your target marketing, such as blogs and articles. You can also undergo surveys and get customer feedback to improve your company’s selling technique.
Create a website
You will need a website to sell tumblers, which is one of the most important things to do. If you have your website, you can sell the tumblers to your customers without paying any commission to a third party.
There is no third-party involvement; you can deal and negotiate with your customers. Your website should be according to your brand and its goals. You can promote your website through social media and sell them in markets directly.
Marketing Strategy
After creating a website, you need a marketing strategy for proper advertisement and promotion of your products. You must check the products’ size, stability, costs, look, and attractiveness to ensure your business’s success.
You can customize the looks of your tumbler and ass fashion accessories to make them look trendy. You can create tumblers for teenagers, adults, office workers, employees, or moms.
You can make a particular category for each of these customers and then keep adding trendy and creative products to each of them. You can start making them at a low cost and sell them at a low cost to attract customers.
When you see a constant purchase of your product, you can simultaneously increase the price to gain more profit. You can start by buying inexpensive materials for your tumbler and then sell them at low prices in the market to keep the profit.
Pricing
After making the strategy and product, the last thing you need to do is add a price to the product depending upon the rate of the market and the amount of money you spend on the product while keeping a profit on each tumbler.
You can also buy these tumblers in bulk from online stores and then sell them for profit. You need to know the market rates and google trends to add a perfect price to your products.
How Much Does It Cost to Start a Tumbler Business?
You will have to invest some money in a tumbler business to earn a maximum profit; this business is not as accessible. It would help if you had supplies other than money, including glitters, vinyl, images, care instructions to use the tumbler, etc. You also need to set aside some money for marketing your product.
You must spend nearly $300 to $500 solely on marketing. If you want to save some cost initially, you can buy stuff and sell on your page to save the marketing and other expenses.
Things You Need to Start Tumbler Business
Here is a list of things you need to start a tumbler business;
- You will need a bulk of tumblers; mostly, tumblers with stainless steel are good to go. You can also use glass, but stainless-steel glass is more robust and durable.
- Glitter glue and brite tone are necessary to make it look appealing. After applying coats of brite tone, you need seals of glitter glue to make it shine and last long.
- Glitter should be high quality if you want the shine to last a lifetime. Color bleeding or dull glitters are not going to sell your products.
- It would help to have a waterslide and tattoo paper to bring out the image you tried to print from your computer.
- If you are making customized tumblers, you will need vinyl. Different business owners are doing this vinyl tumbler business and earning good money. You can save a lot of money by producing these vinyl tumblers and selling them by keeping an excellent profit margin.
- It would help if you also had paintbrushes, paints, mixing cups, stickers, and popsicles to add creativity to your tumblers.
What are Some Best Places to Buy Tumbler
Some of the best places where you can buy tumbler in bulk to start your business as an investment include;
What are Some Best Places to Find Tumbler Images
There are various tumblers available on the internet and many different sites. some of these sites include;
What are Some Best Places to Sell Tumblers
You can sell tumblers in different places; remember that different markets are available. One market can also be better; you might have to find the perfect market and then sell your products there.
If you consider that there will be a change in the market trend, you can also switch. Some of the best places where you can sell your products include;
Final Thoughts
This article contains all the information about selling tumblers; this guideline helps you start your own tumbling business and quickly make money. There are easy ways to make money and sell tumblers; you must work through a process and earn money.
It would help if you made a business plan and strategy and worked according to it to succeed. I hope this article solved all your questions and gives you detailed information about making money by selling a tumbler.
Frequently Asked Questions
Is A Tumbler Business Worth It?
Yes, a tumbler business is worth it and contains maximum profit to make your life. Tumbler business can be a way of earning good money for you, and you can be motivated and dedicated when you look at the profit you are generating.
What Is The Average Cost To Make A Tumbler?
You can easily make a tumbler from $12 to $18; this price can be more than that if you don’t have to make it yourself. You can outsource it or get someone’s help to make it and pay him later. If you can make a tumbler yourself, there is more money.
How Much Do People Make Making Tumblers?
Many people are doing this tumbler business and making good money. A person can make $1000 a week by making tumblers regularly.
How Much To Charge For Epoxy Tumblers?
Epoxy tumblers are trending, and they are pretty to look at; the market rate of an average epoxy tumbler is $25, and you can do more than that, depending upon the handwork you put into the making.
