Ride the success wave in dropshipping with these seven best hoverboard dropshipping suppliers!
Hoverboards – the futuristic, self-balancing, two-wheeled electric scooters- have taken the world by storm. With their popularity rising, now is the perfect time to get into the hoverboard market and start selling these high-demand products online. But with so many suppliers, finding the best hoverboard dropshipping suppliers for your business can be overwhelming. Don’t worry; we’ve got you covered! In this article, we’ll introduce you to the top hoverboard dropshipping suppliers that will help take your business to new heights.
Online Hoverboard Selling: What You Need To Know?
Internet commerce has grown in popularity as a means for companies to connect with consumers in this age of constant connectivity. The same goes for hoverboards – they are most commonly sold through online platforms such as marketplaces or e-commerce websites. Due to its low costs and convenience, dropshipping has become a popular option for online sellers. Instead of maintaining products in stock, this fulfillment technique has the store transmitting the customer’s order and shipment information to either the manufacturer or another retailer. This eliminates the need for inventory management and shipping, making it an ideal choice for starting businesses.
Why Choose Hoverboard For Dropshipping?
Hoverboards are a great option for dropshipping due to their compact size, high demand, and low costs. The small size of hoverboards makes them easy to store and ship, reducing shipping costs for the seller. As mentioned earlier, with dropshipping, there is no need for inventory management or shipping, making it a cost-effective option for businesses starting. Additionally, hoverboards are in high demand and popular among a wide range of customers, making them a profitable product to sell.
Hoverboard Market Size and Growth Projections – Key Stats
With a projected CAGR of 5.4%, the global hoverboard market size is expected to reach USD 1,215 million by 2030, as Acumen Research and Consulting reported. Reasons for this expansion include the desire for environmentally friendly transportation options, the increasing number of people living in cities, the need for shorter commutes, and the popularity of hoverboards among younger generations. However, safety concerns and their limited use for longer distances may hinder the market. Despite these challenges, the hoverboard market presents several business opportunities, such as rising investments in improving product safety and a strong dealership and supplier network.
Hoverboard Market Dynamics
The hoverboard market is a dynamic and constantly evolving industry, with technological advancements, changing lifestyles, and consumer preferences driving its growth. The increasing urbanization and need for local commute options have increased demand for compact and convenient transportation solutions like hoverboards. The growing interest in eco-friendly mobility has also contributed to the market growth. However
The Global Hoverboard Market DRO’s
- Growing urbanization and local commute requirements
- Increasing demand for green mobility
- Rising demand for hoverboards among youth and children’s
- Declining battery prices
Concerns about safety and a need for more suitable products over longer distances are additional obstacles in the market. Nevertheless, businesses can seize numerous opportunities in this expanding market by strengthening their dealer and supplier networks and investing more in product safety.
Best Hoverboard Dropshipping Suppliers [Editor’s Choice]
So, now that you know about the benefits and potential of hoverboard dropshipping let’s look at some of the best suppliers in the market. Our top picks for the best hoverboard dropshipping suppliers are AliExpress, Walmart, DHGate, Alibaba, Banggood, and Amazon. Each supplier offers unique features and benefits that make them stand out.
Best Hoverboard Dropshipping Suppliers: AliExpress
AliExpress is an online retail service in China owned by the Alibaba Group. It is designed to connect Chinese businesses with international buyers. Unlike Alibaba, primarily a B2B (business-to-business) platform, AliExpress focuses more on B2C (business-to-consumer) transactions. It allows small businesses and individual consumers to purchase products in smaller quantities, making it popular for retail and dropshipping.
Key Features of AliExpress for Hoverboard Dropshipping:
- Extensive Product Range: AliExpress offers many products, including hoverboards, from many sellers and manufacturers.
- Low MOQ (Minimum Order Quantity): Sellers on AliExpress often allow buyers to purchase single items or small quantities, making it suitable for dropshipping.
- Competitive Pricing: The platform is known for offering products at competitive prices, allowing businesses to maintain attractive profit margins.
- Buyer Protection: Thanks to AliExpress’s buyer protection program, you can get your money back if the item does not come or does not fit the description. Customers will feel more protected because of this.
- Rating and Review System: Each seller has a rating and review system based on customer feedback. By doing so, they can gauge the seller’s credibility and trustworthiness.
Pros of AliExpress for Hoverboard Dropshipping:
- Accessibility: AliExpress is widely accessible, and its user-friendly interface makes it easy for businesses to find and order products.
- Low Entry Barriers: The platform has low MOQ requirements, making it accessible for small businesses and entrepreneurs looking to start dropshipping.
- Buyer Protection: The buyer protection program helps mitigate risks associated with product quality and delivery issues.
- Diverse Suppliers: AliExpress hosts many sellers, providing many hoverboard models and features.
Cons of AliExpress for Hoverboard Dropshipping:
- Shipping Times: While shipping is often free or low-cost, the shipping times can vary, and customers may need to wait several weeks for delivery, which can be a potential drawback.
- Quality Control: The quality of products can vary among different sellers, and there’s a risk of encountering subpar or counterfeit items. Thorough research and vetting of sellers are necessary.
- Communication Challenges: Communication with sellers may sometimes be challenging due to language differences. Clear communication and careful product descriptions are important.
- Brand Awareness: Since products on AliExpress are often unbranded, building brand awareness and customer loyalty may be more challenging.
Best Hoverboard Dropshipping Suppliers: Walmart
A global retail powerhouse, Walmart runs a grocery store, discount department store, and hypermarket chain. To further expand its reach, Walmart has recently launched an online marketplace where independent vendors can sell their wares to a large audience. Here’s an overview of using Walmart for hoverboard dropshipping:
Key Features of Walmart for Hoverboard Dropshipping:
- Trust and Brand Recognition: Walmart is a well-established and trusted retail brand. Associating your dropshipping business with Walmart can enhance customer trust and confidence in your products.
- Diverse Customer Base: Walmart attracts a wide range of customers, allowing dropshippers to reach a broad audience interested in hoverboards.
- Fulfillment Services: Walmart offers fulfillment services, allowing sellers to store their products in Walmart’s warehouses. This has the potential to increase customer happiness and decrease shipping times.
- Competitive Pricing: While Walmart may have competitive pricing on various products, dropshippers must carefully consider their profit margins and pricing strategy.
- High Traffic: Walmart’s online marketplace receives significant traffic, potentially increasing the visibility of your hoverboard dropshipping business.
Pros of Using Walmart for Hoverboard Dropshipping:
- Brand Trust: Associating with the Walmart brand can build trust among customers.
- Diverse Customer Base: Access to a large and diverse customer base increases the potential for sales.
- Fulfillment Services: Utilizing Walmart’s fulfillment services can enhance shipping efficiency.
- High Traffic: Walmart’s platform attracts many visitors, providing exposure to a wide audience.
Cons of Using Walmart for Hoverboard Dropshipping:
- Stringent Requirements: Walmart has strict standards and requirements for third-party sellers. Meeting these requirements may be a challenge for some dropshippers.
- Fees and Costs: Walmart charges fees for its marketplace services, including a referral fee on each sale. Dropshippers need to factor these costs into their pricing strategy.
- Intense Competition: The high visibility on Walmart’s platform also means increased competition with other sellers.
- Limited Control over Branding: Sellers may need more control over branding and differentiating their products from competitors.
Best Hoverboard Dropshipping Suppliers: DHGate
DHGate is a Chinese e-commerce platform that connects companies with consumers and vice versa. It connects international buyers with Chinese wholesalers and manufacturers, offering a wide range of reasonably priced products.
Key Features of DHGate for Hoverboard Dropshipping:
- Wide Product Selection: DHGate provides access to a diverse range of products, including hoverboards, making it a one-stop platform for sourcing.
- Competitive Prices: Businesses trying to maximize their profit margins might benefit from the platform’s reputation for providing products at competitive prices.
- Bulk Ordering: DHGate is designed for bulk orders, making it suitable for businesses purchasing larger hoverboards for resale.
- Buyer Protection: DHGate offers a buyer protection plan to safeguard against issues such as non-receipt of goods or items not as described. This can provide a level of security for dropshipping businesses.
- Seller Ratings and Reviews: Using reviews and ratings, buyers can let others know how reliable and trustworthy a seller is based on their experiences.
Pros of DHGate for Hoverboard Dropshipping:
- Competitive Pricing: DHGate is known for offering products at competitive prices, which can be advantageous for businesses looking to remain cost-effective.
- Diverse Product Range: The platform provides access to various products, allowing businesses to explore different options and cater to various customer preferences.
- Buyer Protection: DHGate’s buyer protection plan adds a layer of security, helping buyers address issues with orders and products.
- Global Shipping: DHGate facilitates international shipping, enabling businesses to reach a global customer base.
Cons of DHGate for Hoverboard Dropshipping:
- Quality Varies: As with any marketplace, the quality of products can vary among different sellers. It’s essential to research thoroughly and vet suppliers.
- Shipping Times: Even though DHGate offers international shipping, please be patient because delivery times might vary, and some customers want their items quickly.
- Communication Challenges: Communication with suppliers may sometimes be challenging due to language differences, so clear and concise communication is important.
- Potential for Counterfeits: Due to the wide range of sellers, there may be a risk of encountering counterfeit or subpar products. Careful supplier selection is crucial.
Best Hoverboard Dropshipping Suppliers: AliBaba
Alibaba is a global online platform that facilitates business-to-business (B2B) and business-to-consumer (B2C) transactions. Jack Ma founded it and is one of the world’s largest e-commerce and retail companies. Alibaba connects buyers with suppliers, manufacturers, and wholesalers, allowing businesses to source products in bulk. Alibaba is ideal for companies seeking to buy in bulk, in contrast to AliExpress, another platform owned by Alibaba, which is more focused on small-scale purchases.
Key Features of Alibaba for Hoverboard Dropshipping:
- B2B Marketplace: Alibaba is primarily a B2B platform, connecting businesses with suppliers and manufacturers worldwide.
- Wide Range of Products: The platform’s vast product offering, which includes hoverboards, serves a variety of industries and business needs.
- Bulk Ordering: Alibaba is designed for bulk orders, making it suitable for businesses that want to purchase larger quantities of hoverboards for resale.
- Verified Suppliers: Alibaba has a system for verifying suppliers to enhance trust and reliability. This includes Gold Supplier status and on-site checks.
- Customization Options: Some suppliers on Alibaba offer customization options, allowing businesses to brand products or request specific features.
Pros of Alibaba for Hoverboard Dropshipping:
- Bulk Purchasing: Alibaba is ideal for businesses purchasing hoverboards in larger quantities, often at lower per-unit costs.
- Diverse Suppliers: The platform hosts many suppliers, providing various hoverboard options, styles, and features.
- Customization: The option for customization allows businesses to differentiate their products and build a brand identity.
- Verified Suppliers: Alibaba’s verification system helps identify trustworthy suppliers, adding a layer of security to transactions.
Cons of Alibaba for Hoverboard Dropshipping:
- Large MOQ (Minimum Order Quantity): Many suppliers on Alibaba have high MOQ requirements, which may be challenging for small businesses or those starting with a limited budget.
- Shipping Costs: Shipping costs for bulk orders can be significant, and businesses need to factor this into their overall expenses.
- Complexity for New Sellers: Alibaba can be complex for new sellers, and navigating the platform and understanding terms can be challenging initially.
- Communication Challenges: Communication with suppliers may be challenging due to language differences. Clear communication is crucial.
Best Hoverboard Dropshipping Suppliers: Banggood
Banggood is an online e-commerce platform based in China specializing in retailing various products, including electronics, gadgets, fashion items, toys, and more. Its diverse product range and competitive prices have helped it gain popularity among customers worldwide. Many dropshippers use Banggood to source products for their businesses, although it is more than one.
Key Features of Banggood for Hoverboard Dropshipping:
- Diverse Product Range: Banggood offers a broad selection of products, including hoverboards, making it suitable for businesses looking to diversify their inventory.
- Competitive Pricing: The platform is known for providing products at competitive prices, allowing businesses to maintain attractive profit margins.
- Dropshipping Support: While not explicitly a dropshipping platform, Banggood allows dropshipping, and some sellers offer dropshipping services to businesses.
- Global Shipping: Banggood facilitates international shipping, enabling businesses to reach customers worldwide.
- Flash Deals and Discounts: The platform often features flash deals, discounts, and promotions, providing opportunities for businesses to acquire products at lower costs.
Pros of Banggood for Hoverboard Dropshipping:
- Competitive Prices: Banggood is known for offering products at competitive prices, which can be advantageous for businesses looking to maximize profit margins.
- Global Shipping: The platform supports international shipping, allowing businesses to reach a global customer base.
- Diverse Product Options: With a diverse range of products, businesses can explore different hoverboard models and features to cater to various customer preferences.
- Dropshipping Support: While not a dedicated dropshipping platform, the option for dropshipping is available, providing flexibility for businesses.
Cons of Banggood for Hoverboard Dropshipping:
- Quality Control: The quality of products can vary among different sellers, and there’s a risk of encountering subpar or counterfeit items. Thorough research and vetting are necessary.
- Shipping Times: Shipping times can vary, and customers may need to wait several weeks for delivery. Managing customer expectations is crucial.
- Communication Challenges: Communication with sellers may sometimes be challenging due to language differences. Clear communication and careful product descriptions are important.
- Brand Awareness: Similar to other platforms, products on Banggood may not be branded, which can impact brand awareness and customer loyalty.
Best Hoverboard Dropshipping Suppliers: Global Sources
Global Sources is a Hong Kong-based business-to-business (B2B) media company facilitating trade between buyers and suppliers worldwide. It operates an online marketplace that connects buyers with manufacturers and suppliers across various industries, including electronics, machinery, fashion, and more. Global Sources is known for hosting trade shows and providing a platform for international trade.
Key Features of Global Sources for Hoverboard Dropshipping:
- B2B Platform: Global Sources is primarily a B2B platform that connects businesses looking for products with manufacturers and suppliers.
- Wide Product Range: The platform offers a broad range of products, providing businesses access to different categories, including electronics like hoverboards.
- Verified Suppliers: Global Sources implements verification processes to ensure the legitimacy of suppliers, which may include on-site inspections and background checks.
- Trade Shows: Besides the online platform, Global Sources organizes trade shows, allowing buyers to meet suppliers in person and inspect products.
- Global Network: Global Sources connects buyers and suppliers worldwide, providing opportunities for international trade.
Pros of Global Sources for Hoverboard Dropshipping:
- Verified Suppliers: The platform’s verification processes help establish trust and reliability with suppliers.
- Wide Product Range: Global Sources offers diverse products, allowing businesses to explore various options.
- Trade Shows: Participation in trade shows can provide opportunities for direct communication with suppliers and product inspection.
- Global Network: Businesses can connect with suppliers and manufacturers globally, facilitating international trade.
Cons of Global Sources for Hoverboard Dropshipping:
- Complexity for New Sellers: B2B platforms like Global Sources can be complex for new sellers, and navigating the platform may require some learning.
- Minimum Order Quantities (MOQ): Smaller companies or those with less capital may need help to meet suppliers’ minimum order quantity requirements on business-to-business platforms.
- Communication Challenges: Due to international trade, language, and time zone differences may pose challenges in communication with suppliers.
- Trade Show Participation Costs: While trade shows can be beneficial, there are associated costs with attending, including travel expenses.
Best Hoverboard Dropshipping Suppliers:Â Amazon
The online marketplace run by the multinational technology company Amazon allows customers to buy a wide range of products, including hoverboards. Amazon also offers services such as fulfillment and shipping through its Fulfillment by Amazon (FBA) program, making it a popular choice for dropshippers.
Key Features of Amazon for Hoverboard Dropshipping:
- Wide Reach: Businesses can tap into Amazon’s massive customer base, which numbers in the millions all over the globe.
- Fulfillment by Amazon (FBA): FBA allows businesses to store their products in Amazon’s warehouses and use their fulfillment services, reducing the workload for sellers.
- Prime Membership: Prime members have the added perk of free two-day shipping on certain items, which increases the allure of shopping with them.
- Customer Reviews and Ratings: Customers can leave product reviews and ratings, helping businesses gain credibility and trust among potential buyers.
- Brand Awareness: Amazon is a well-known brand with a strong reputation, providing exposure for businesses selling on its platform.
Pros of Amazon for Hoverboard Dropshipping:
- Wide Reach: An enormous audience can be reached, and sales can be increased when businesses have millions of customers.
- Fulfillment Services: FBA can save businesses time and resources by handling fulfillment and shipping processes.
- Prime Membership: Prime members are more likely to make purchases due to the added benefits of free two-day shipping, increasing the chances of sales for businesses.
- Customer Reviews and Ratings: Customers are more likely to purchase after reading positive reviews and ratings.
- Brand Awareness: Selling on a well-known platform like Amazon can increase brand awareness and customer loyalty.
Cons of Amazon for Hoverboard Dropshipping:
- Competition: There are a lot of sellers on the platform, so businesses might need help to stand out.
- Fees: Amazon charges various fees for selling on the platform, including referral and storage fees, which can impact profit margins.
- Pricing Control: As a marketplace, Amazon allows sellers to set their prices, leading to price fluctuations and potential price wars with competitors.
- Restricted Categories: Certain categories on Amazon, including electronics, may require approval to sell in, limiting access for some businesses.
- Counterfeit Products: Due to the high volume of sellers, there is a risk of counterfeit products being sold, which can damage a business’s reputation.
Tips For Selecting Best Hoverboards For Dropshipping
- Research and Compare: Before selecting a hoverboard for dropshipping, thoroughly research and compare different models, features, and prices to find the best option.
- Check Safety Standards: Ensure that the hoverboards meet safety standards set by organizations like UL or CPSC to avoid potential customer risks.
- Consider Customer Reviews: Look into customer reviews and ratings for the hoverboard you are considering to gain insight into its quality and reliability.
- Choose a Reputable Supplier: Sites like Amazon and Global Sources have reviews that can help you choose a serious company, its products, and its ethics.
- Check Return Policies: Customers should familiarize themselves with the supplier’s return policies and procedures to facilitate a smooth process if hoverboards develop defects or other issues.
- Look into Warranty Coverage: Choosing hoverboards with warranty coverage is helpful, as it provides assurance and protection for both the seller and the customer.
- Consider Shipping Times: Take note of shipping times from different suppliers, as longer wait times can affect customer satisfaction and potential for repeat business.
- Compare Pricing and Profit Margins: Consider the hoverboard cost from different suppliers and associated fees to determine a competitive selling price while maintaining a good profit margin.
- Stay Up-to-Date on Trends: Keep up-to-date with current trends and popular models to stay ahead in the market and offer desirable products to customers.
- Consider Customer Demographics: Consider the target audience for your hoverboard dropshipping business and choose models that would appeal to them in terms of design, features, and price range.
FAQs about Best Hoverboard Dropshipping Suppliers
Can you ship a hoverboard internationally?
Yes, most suppliers on platforms like Ali Express and Amazon offer international shipping for hoverboards. However, checking the shipping times and fees before purchasing is important.
What are the safety standards for hoverboards?
UL (Underwriters Laboratories) and CPSC (Consumer Product Safety Commission) are hoverboards’ main safety standard organizations. Ensuring the hoverboards comply with these standards is important to avoid potential safety hazards.
What is FBA, and how does it work?
Amazon’s Fulfillment by Amazon (FBA) program allows companies to have their products stored in Amazon’s warehouses. By packing and shipping, Amazon saves businesses time and effort when customers make purchases. Overall, FBA can save time and resources for businesses selling on Amazon.
What is the difference between a hoverboard and a hovertrax?
Although the terms are often used interchangeably, Razor makes a brand of hoverboards called Hovertrax. However, both terms refer to the same type of self-balancing scooter. Some other popular brands for hoverboards include Segway, Swagtron, and Gotrax.
Can you customize hoverboards for dropshipping?
It is possible to find suppliers that offer customization options for hoverboards, such as adding a logo or changing the design. However, this may involve additional fees and require minimum order quantities. It is important to discuss customization options with potential suppliers before making a purchase. Ultimately, providing personalized hoverboards is a great way for businesses to attract more customers and stand out in a crowded market.
Are hoverboards worth the money?
The popularity of hoverboards has fluctuated over the years, but they can still be profitable for dropshipping if chosen and sold wisely. Conducting proper research and considering factors such as pricing and quality can help determine the value and potential profitability of selling hoverboards. Ultimately, it depends on the target market and demand for hoverboards in a particular area. However, hoverboards can be a worthwhile investment for dropshipping businesses with the right supplier and marketing strategies.
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Conclusion – Best Hoverboard Dropshipping Suppliers
From Ali Express to Amazon, there are various options for hoverboard dropshipping suppliers. Each has benefits and drawbacks, so you should consider everything I listed above before choosing. You can choose the best hoverboards to dropship by doing your homework, looking into safety standards, and reading reviews written by actual customers. Additionally, staying up-to-date on trends and demographics can also contribute to the success of a hoverboard dropshipping business. With the right suppliers and products, businesses can capitalize on the popularity of hoverboards and generate profitable sales through online marketplaces. So, choose wisely, and happy dropshipping!