Due to this urge for handbags, their demand is increasing drastically. In fact, the revenue in the handbags segment amounts to $64.62 billion in 2023.

This incredible growth in the handbag industry makes way for its segments to flourish, including coin purses and mini pouches.

How? Because these purses and pouches are not only stylish but functional, so that women can put their money and small accessories like keys, lipsticks, and rings.

So, if you’re running a boutique, a fashion brand, an accessory store, or any other retail outlet, capitalizing on this category could result in large sales and the growth of your business.

Wholesalers can also benefit from this trend as it is a money-making opportunity for them as well.

Now, let’s talk about some key factors that you should look at while buying your inventory.

Key Factors to Consider While Buying Coin Purses and Mini Pouches In Bulk

Material Used

There are various types of materials used for manufacturing coin purses and mini pouches such as:

Among all types, people prefer leather handbags for being waterproof, durable, and timeless.

So, you can get significant sales revenue by showcasing leather mini purses and pouches in your retail outlet.

In recent years, vegan leather bags have been preferred as they are equally stylish and environmentally friendly.

Some brands are launching these bags in their retail outlet to cater to the needs of eco-conscious customers and boost business sales.

Functionality

Functionality is as important as the aesthetics of a purse or pouch. While buying in bulk, ensure that it has:

Enough space to hold accessories
Smooth zipper or button for closure
Ease of portability

Variety

Stocking up only one type of coin purses and mini pouches can limit your buyer base as everybody has their own preference.

As a retailer, you should stock different kinds of coin purses and mini pouches to cater to different customer needs and preferences.

For this purpose, you should buy purses in various:

Colors
Sizes
Styles
Closures
Straps

Affordability

Not everybody goes for high-end brands, many people prefer affordable coin purses and mini pouches.

A retailer or wholesaler should stock up on high-quality purses and pouches at affordable prices to attract a broader customer base and increase the growth of the business.

Considering the Buying Behaviour Can Boost Sales

When it comes to selling coin purses and mini pouches, a retailer should pay attention to these techniques:

Cross-selling

In this case, you can combine mini pouches and coin purses with handbags and sell them at a lower price than the individual ones.

Customers find it a profitable deal and prefer to purchase these complementary products which results in improved sales revenue and customer satisfaction.

Impulse Purchase

You can encourage unplanned purchases by showcasing mini pouches and coin purses near the counter.

By doing so, these mini bags appeal to the customers, and they grab at least one of them. Also, it helps you to know the requirements and preferences of customers.

Regulatory Guidelines in the USA

As a wholesaler or retailer, you should comply with these regulatory guidelines:

California Proposition 65 restricts importing bags into the USA (including coin purses and mini pouches) that contain an excessive amount of chemicals and heavy metals. These heavy metals include lead, cadmium, mercury, and phthalates.

Also, the Consumer Product Safety Improvement Act (CPSIA) requires children's bags (intended for use by children ten years old or younger) to comply with ASTM standards and to carry a CPSIA tracking label, which includes:

Importer/company name
Place of production
Date of manufacture
Batch number

If you’re selling exotic leather goods (made from animal species or their skin parts) such as purses and pouches, you require an import license from the United States Fish and Wildlife Service. Additionally, if the leather is sourced from protected species, it will be subjected to further regulations.