The Best Selling Keychains: A Guide to Making Money with Custom Keychains
Keychains are a popular accessory that has been around for decades. They serve both as fashion statements and functional items to keep keys organized. But can you really make money selling keychains? The answer is yes, if you know what types of keychains are in high demand. In this guide, we will explore the best selling keychains, how to price them, and everything you need to know about becoming a profitable keychain business!
Why Sell Custom Keychains?
Understanding the Demand for Keychains:
Keychains are essential items in people’s daily lives. Whether it’s for household keys, car keys, or office access cards, everyone needs a convenient way to carry their keys. As a result, the demand for keychains is widespread, making it a potentially lucrative market to explore.Advantages of Custom Keychains:
Custom keychains offer several advantages over regular keychains:
- Personalization: Custom keychains can be designed and made according to the customer’s preferences, catering to their individuality and unique tastes.
- Commemorative Items: Custom keychains can serve as commemorative items, reminding people of special occasions, events, or travel experiences.
- Gift Choices: People love to give custom keychains as gifts to their loved ones, showcasing thoughtfulness and uniqueness.
- Brand Promotion: Businesses can use custom keychains to promote their brand and increase brand exposure.
Are Keychains in High Demand?
This is a concern many new entrepreneurs have when considering what products to sell. After all, it’s important to choose a product that people actually want and will buy. So, are keychains in high demand? The answer is yes!
If you head on over to Alibaba and type “keychain” in the search bar, you’ll find hundreds of small businesses selling a variety of customized keychains. Let’s take one small business as an example – Unique Pin. This seller specializes in keychains, pins and Medal, and just one of their Metal keychains has sold over 36,000 times!
Plenty of businesses selling keychains on Alibaba have made thousands of sales from their keychains. This is a clear indication that they are in high demand. Keychains are not just a fashion accessory, they have a practical use and you’ll struggle to find someone that doesn’t own at least one. This means your potential customer base for custom keychains is huge!
Best Selling Designs for Custom Keychains:
Here are some popular custom keychain designs that have proven to be best sellers:
Metal keychains are the “classic” keychain choice. They can be customized with different colored enamel filling to create your own unique design. These keychains are durable and long-lasting. It means they won’t easily break or wear out if they’re being thrown into handbags or pockets.
PVC keychains are slightly cheaper than metal ones, and more lightweight too. They have a rubbery, 3D texture and they’re also extremely durable. They’re popular as a merch or promo item for businesses, events, and organizations.
How Much Should I Charge for Custom Keychains?
This is a common question for those new to selling custom made keychains. The answer depends on many factors. Let’s take a look at some of the main considerations:
Materials
The cost of materials is a major factor in determining the price of your custom keychains. Metal keychains tend to be more costly than PVC and embroidered ones, so you’ll need to take this into account when setting your prices.
Design Complexity
A simple design with one or two colors will be less expensive to manufacture than a complex design with multiple colors. Keep this in mind when creating your designs and setting your prices. If you’re on a low budget, start off simple so that you can offer lower prices and attract more customers.
Quantity
If you’re ordering from a custom manufacturer, then the quantity of keychains ordered can also affect the price. Generally, the more you order, the lower the cost per unit will be. This is something to consider if you’re selling customized keychains in bulk or for a large event. If you’re only ordering a few keychains, you may need to charge a higher price to cover the cost of production.
Market and Niche
The market and niche you’re selling to can also impact the price of your custom keychains. If you’re targeting a high-end market, you may be able to charge higher prices for premium materials and designs. On the other hand, if your target audience is more budget-conscious, you may need to keep your prices lower to appeal to them.
Uniqueness
Run-of-the-mill keychains may not fetch a high price, but if you’re a creative designer and your keychain design is unique and sought after, you may be able to charge a premium for it. In this case, the demand for your product will determine its price.
Labor
Time and effort must also be factored into the price of your custom keychains. If you’re ordering from a manufacturing partner, then you need to factor in the labor time spent on designing, packaging, shipping and general admin. Should you be making your keychains by hand, you need to consider your time spent crafting each piece.
Additional Overheads
Marketing, packaging, branding, and shipping costs are all examples of overheads that you need to consider when setting a price for your custom keychains. These costs can add up!
You can use a spreadsheet to plug in all the costs associated with producing, marketing and selling your keychains! This will give you a clear picture of how much you need to charge per unit to cover all your expenses and still make a profit. There is a simple calculation you can use as a starting point:
Cost Price + 20% = Selling Price
However, this may not be suitable for every situation and it’s important to research your competition and market demand before settling on a final price. Take a look at marketplaces like Etsy or Amazon to see what similar products are selling for.
You don’t want your prices to be so high that it turns customers away. However, you also need to make sure you’re not undercharging and not making a profit. Finding the right balance is key. In the beginning, it might help to start with a lower price and increase it as demand for your product grows.
Production Methods for Custom Keychains:
The production process for custom keychains includes the following steps:
- Design: Collaborate with customers to understand their requirements and design preferences, creating keychain design drafts.
- Material Selection: Choose suitable materials such as metal, plastic, rubber, etc., to craft durable and high-quality keychains.
- Manufacturing: Partner with manufacturers to transform the designs into actual custom keychain products.
- Sales and Promotion: Sell and promote custom keychains through online and offline channels, such as your own independent website, social media platforms, and market exhibitions.
Partner with The/Studio for Custom Keychains
At Unique Pin, we specialize in creating custom products including keychains. We give you full control over the design process and we have no minimum order quantities. As such, you have the flexibility to order as many or as few keychains as you like.
We’ve helped many keychain entrepreneurs get their businesses started by providing high-quality, custom made keychains at competitive prices. Our team of expert designers and manufacturers will work with you every step of the way to ensure that your keychains are exactly as you pictured them. If you have any questions or need any assistance, our customer service team is always available to help.
To get started, just visit our website and start designing your custom keychains today!
