COVID 19 Pandemic Prompts Sex Toy Boom
Adult Toy Boom
Just a few short months ago, COVID 19, aka the Coronavirus, reared its ugly and threatening head and with it came the practice of sheltering at home. Everyone was told to go home and stay there for safety’s sake, so we all did as we were told and hunkered down.
Now that everybody’s been stuck inside for a while, it appears that a huge number of adults, through means of online shopping, have wholeheartedly turned to and embraced the adult toy industry to provide them with fun ways to pass the time. And the online sex toy industry has happily answered the call.
COVID 19 Pandemic Prompts Sex Toy Boom
The Adult Toy Industry is considered to be one of the most successful and profitable businesses of all time, with a CAGR of 9% and expectations of it pulling in a phenomenal $52 billion by 2026. Adult industry merchant accounts are still necessary due to large the high chargeback rate and shifting legal requirements.
Truth be told, if you’re currently in the sex toy business, life doesn’t get much better than this! That does seem to be a reasonable conclusion to come to. But, guess what? There’s a lesson here. Never jump to conclusions, no matter how logical or dependable they may seem. Anything can change at any time and something has.
Even Storm Clouds Have A Silver Lining
Online adult toy sellers are currently experiencing a major boom in sales, reporting increases in profits ranging anywhere from 25% to over 100%. In fact, business has never been better for the online adult toy industry, with a now increasing CAGR of 9.6%, which will bring in expected earnings upwards of $56.5 billion by 2027.
That’s a staggering growth rate that may very well continue to rise exponentially given that the future is presently unclear regarding COVID 19 and how it will continue to affect our lives going forward.
Buyers…Who & Why
Just who are all these online sex toy purchasers? They are existing customers looking for new and interesting upgrades to their already overused toys. They are couples, looking to avoid boredom and restlessness, hoping to enhance their relationships as they spend so much unexpected time together. They are singles, who have discovered a safe, easy and fun way to pass all that alone time. They are normally employed individuals that never, ever stop to relax and have fun, who now find that they don’t have a choice and so are anxiously searching for ways to fill their free time.
They are parents, married and single, that have spent all day educating and entertaining their children and finally have some alone time at night when the kids are asleep.
They are stressed individuals, worried about the Coronavirus and all the many difficult challenges and problems it brings with it. Fact is, they are all kinds of people, looking for new, interesting and fun ways to entertain themselves and take their minds off their troubles, as they fill their many hours of time at home.
The deadly Coronavirus is most certainly unwelcome by all and we can’t wait for it to finally disappear from existence, never to be seen nor heard from again.
That absolutely goes without saying. However, while its with us, the fact is that some good can come out of every negative experience. People are slowing down, spending quality time with their families and pets, reading, working on self-improvement projects, starting hobbies and entertaining themselves in many new and different ways.
As the search for self-entertainment continues, the online sex toy industry is more than happy to continue helping the adult population fill in the blanks.
Pleasure & Profit
Here’s a thought… You can be someone that not only personally enjoys adult toys, but could actually profit from them. Given what’s taking place in our world these days, you might want to consider starting a business that’s not only lucrative but can remain fully functional, no matter what’s taking place around us; something you can operate online from home.
The online Adult Toy Industry has proven to fit that bill. Yes, due to its “adult” nature, its considered to be high-risk by the banks and credit card processors, so you’ll definitely need the help of an experienced and successful merchant processor to obtain your much-needed merchant account. That’s how you’ll be able to accept credit and debit card payments.
No worries. We’re First Card Payments and we can assist you with that, no problem. That’s what we do and we’re the best in the business.
A Sure Thing In Difficult Times
One thing is for certain, these days, along with the manufacturing and selling of alcohol, toilet paper, disposable gloves, hand sanitizer, disinfectant wipes and medical masks, online adult toy sales is proving itself to be a sure thing and perhaps an answer to a problem in different ways for different people.
***Important Notice to all Adult Entertainment Businesses***
We know just how difficult it is for start-up and experienced Adult Entertainment businesses of any kind, to obtain and keep your “high risk” merchant accounts. If you find yourself in need of assistance, come talk to us.
We’re First Card Payments and we can and will end your struggles today. We’ve been in the “high risk” merchant account business, for your industry and many others, for twenty years. We have the experience, know-how and contacts necessary to get the job done quickly and easily at a very fair rate.
First Card Payments is consistently 25% less than our competitors when it comes to fees, guaranteed! We walk the talk! Once we help you obtain your merchant account, we’ll remain with you for the long haul and do all we can to support you in keeping it. We’re always there when and if you need us. That’s our promise to you and we won’t let you down.
Find us at: FirstCardPayments.com
Joyce Hope is a writer who specializes in merchant accounts. She has worked for First Card Payments since 2017.