Are you looking for the next great investment? The vitamin supplement business is booming. Millions of people are searching for fast and effective ways to lose weight and stay in shape. Last year, Americans spent over $60 billion on weight loss programs, vitamins, and supplements. This year, health experts predict an increase in weight loss supplement sales as more and more consumers use the internet and mobile applications to make quick, discreet purchases. Now is the time for progressive entrepreneurs to invest in the online distribution of vitamin supplements.
E-commerce spending from home and work has increased from $15.5 billion to $17.5 billion this holiday season, with the majority of e-commerce spending being charged to debit and credit payment cards. This is extremely good news for payment processors and merchant acquirers. For individuals in the vitamin supplement markets, this trend means more dollars and a never ending supply of customers to satisfy.
Vitamin supplement use has quickly been integrated into American society. According to CNN, over half of adults in the United States use vitamins supplements like multivitamins, minerals, and herbs. The most popular supplements are multivitamins, used by 39% of adults in 2006. The most sought after nutrients are calcium, Vitamin D, and folic acid. But this industry is not comprised of just young people trying to get ripped, it is composed greatly of older Americans searching for ways to get essential vitamins not found in their diets.
Almost 61% of women over the age of 60 now take calcium supplements, and 56% of women in the same age group take vitamin D supplements. Even though the vitamin supplement industry makes billions of dollars a year, vitamin supplements are still not regulated by the U.S. Food and Drug Administration. As a result, traditional payment processors are hesitant to create and manage vitamin supplement merchant accounts.
eMerchantBroker.com will help create your low hassle vitamin supplement merchant account, that will give your customers the convenience of online payment processing.