It is estimated that the global beauty industry revenue will top $716 billion by 2025. This will be $233 billion more than what it was in 2020. Such growth in just five years shows that this is a profitable industry. It is only right to forecast that Sephora will be amongst the top earners. In 2019 alone Sephora recorded a revenue of over $10 billion. So, with the estimated growth of the beauty industry, the company’s revenue figure is bound to increase, therefore making the Sephora gift card an asset to sell.
Sephora is a personal care and beauty products retailer with over 3000 brands for sale in their numerous stores. The French multinational also sell Sephora branded beauty and personal care products with over 2300 stores in 33 countries.
With the numbers above, when you think gift card, it is only right to think of Sephora. If you haven’t realised why selling Sephora gift cards is beneficial, here are 4 reasons to make you a fan.
4 Benefits of Selling Sephora Gift Card
1. No Expiry Date
Sephora gift cards do not have an expiry date so this makes it convenient for sellers to sell at any time. No matter how long you have been with the gift card you can always save it for good rates.
2. High Rates
The gift card is ranked number 3 on the Prestmit’s “top 5 highest Gift card rates in Nigeria”. That says it all. Their re-sale value is up there compared to other gift cards. You can always check the balance on their store, so you are aware of the sum left on the cards, as it will help you figure out the resell rate.
3. They Can be Sold for Bitcoin
In case you are a Bitcoin enthusiast and want to add to your stash of Bitcoin or buy a new batch you can sell Sephora gift cards for Bitcoin.
4. They can be sold for Cash
Sephora gift cards are also a good source of making money because of their high rates attributes. They can be sold for different currencies including Naira and Cedis.
Sephora gift cards will continue to be hot in the gift card market. So when you have the chance, put them to work. There is a pot of gold at the end of this rainbow.