Industry Analysis & Industry Trends
Coming off the recession, consumers have higher levels of disposable income to spend on shopping. But with unemployment decreasing, they have less time to actually go out and shop. Therefore, personal shoppers are in high demand, with revenue growing fairly quickly in the five years to 2014. This trend will slow in the five years to 2019, as the industry becomes increasingly fragmented.... purchase to read more
Industry Report - Starting a New Business Chapter
The Personal Shopping Services industry has extremely low barriers to entry. Aside from a standard business license, there are virtually no upfront costs to offer personal shopping services. High competition, however, serves as a deterrent for several potential entrants. Work is often on an as-needed basis and only a small percentage of operators are able to attract enough clients to work exclusively as a personal shopper. The vast majority of industry players work in related fields, most notably fashion, and provide personal shopping services to supplement their income.
New entrants face the greatest difficulty gaining a strong client base... purchase to read more