Will Loom Bands Last Long?Loom Bands Business Analyses

XUHUI, China - Sept. 13, 2014 - PRLog -- When loom bands products (http://www.jingwholesale.com/loom-bands.html) became so popular this year, I think most people in this business will wonder how long will this hot crafts last, and what’s the trend of this business in future. And how to be competitive in this business.

From the figure above, we can learn that before Oct 2013, there’s almost no one know it, and from April to July 2014, the keyword “loom bands” has risen perpendicularly.

Here we compare the popularity between “Loom Bands” and “Crocs” (shoes with wholes). As a new products to the world, it takes Crocs for more than 3 years to get its keyword top researched for themselves in 2007, but keyword “loom bands” only takes less than 10 month to get the same popularity of Crocs in 2007. But the trends of loom bands will still go up in the coming month or years, because as a toy or crafts, loom bands is still very young. And as a new born product, loom bands trends will last coming up for at least one year, and will reach a balance level, but that balance point will be much higher than the temporary top point in July 2014.

As a toy, loom bands trends in the future will be similar to keywords “lego” and “toys”. All of them has low season during from March to October, high season from October to February. So we can conclude that it high season for loom bands is coming soon. Loom Bands is not only a toy or crafts for kids, because the age range of its fans could be from 3 to 80. And it’s still not known to lots people, so the potential growth is still very large. As loom bands factory (http://www.jingwholesale.com/), loom bands wholesaler (http://www.jingwholesale.com/), we have to say all oversea loom bands buyers are crazy, especially for European customers. All of them choose FedEX/DHL/Air freight for shipping, which make shipping price (http://www.jingwholesale.com/about-shipping) even higher than product price itself. The reason is they sells too well, and even with high forwarding fee, they still have very big profit.

As loom bands are new born product, its price is still disordered. Usually, loom bands factory in China sell product to toy suppliers, and toy suppliers sell them to Chinese trading companies, and then sell to foreigner trading companies, then to small wholesalers or retailers. Each middleman has profit from 10%-30%, and we can see how high price customers will get in the end. So in the future, when there are more people selling loom bands, the price will be the key point to be competitive in this business. For customers who can choose sea freight shipping, they will become more competitive. Because sea freight shipping almost cost nothing, when compared with Air Freight. And as we talked in the beginning that FedEX/Air Freight sometimes is more expensive than product itself.