虎嗅

How Can an Unassuming Bean Create a Market Worth Hundreds of Millions?

原文:不起眼的豆子,如何拼出上亿市场?

Summary of Key Points

An seemingly inconspicuous craft activity involving colored plastic beads, templates, tweezers, and an iron has recently become a new favorite among young people. It has not only gone viral on social media platforms but also spawned a new market worth over one billion yuan. The rise of this market is driven by the need for stress relief, personal expression, and social interaction among young people, as well as the commercialization of various aspects of the supply chain facilitated by social media. However, it also faces challenges such as homogenized competition.

Why Has Bead Mosaicking “Catched” Young People? — Three Core Attractions

The popularity of bead mosaicking essentially taps into the psychological and lifestyle needs of contemporary youth:

1. Stress Relief: The process requires focusing intently on placing beads onto templates, similar to meditation, which helps clear the mind and reduce anxiety. Many young people report feeling more relaxed and happier after completing a piece, whether it’s a character from an anime or their favorite celebrity’s face.

2. A Sense of Achievement: Turning random beads into unique designs (such as pendants, keychains, or decorative art) provides a greater sense of fulfillment than buying ready-made items. The finished products can be used personally, given as gifts, or shared on social media, doubling the sense of accomplishment.

3. Personalization: Bead mosaicking allows for creating custom designs with favorite anime characters, slogans, or even one’s own profile pictures, satisfying the desire for uniqueness and avoiding being seen as identical to others.

How Was a Market Worth Over One Billion Yuan Created? — Profit in Every Link of the Supply Chain

The bead mosaicking market is not just about selling beads; it’s a complete supply chain where every step generates revenue:

1. Upstream: Raw Materials and Tools: Basic materials (plastic beads, templates, tweezers, irons) are inexpensive but sold in large quantities. For example, a bag of beads on Taobao may cost just a few yuan, but with high sales volumes, merchants can make a profit. Specialized irons for mosaicking are more expensive but offer higher margins.

2. Midstream: Tutorials and Content: Influencers on platforms like REDnote and TikTok create tutorials that attract followers, who then either purchase beads/tools or enroll in online courses (e.g., 9.9 yuan for a complex design tutorial) or request custom pieces.

3. Downstream: Finished Products and Services: Some people prefer ready-made products (e.g., an anime-themed pendant sold for 50 yuan, with a cost of less than 10 yuan). Offline DIY shops provide the space, materials, and guidance, charging by the hour (e.g., 30 yuan/hour), offering both a creative experience and social interaction.

4. IP Collaborations: Merchants partner with popular IPs (e.g., Disney, One Piece) to release official templates and bead sets, commanding higher prices due to brand recognition, further expanding the market.

Economic Trends Behind the Popularity of Bead Mosaicking — Niche Interests Can Become Big Business

The rise of the bead mosaicking market reflects several consumer trends:

1. Generation Z Leading Interest-Based Consumption: Young people are willing to spend on things they enjoy rather than just necessities.

2. Social Media’s Power to Spread Trends: Bead mosaicking, once a niche hobby, has quickly gained wider recognition through social media platforms like REDnote and TikTok, with viral tutorials generating millions of views and boosting sales.

3. The Rise of Experiential Consumption: Young people prefer the process of creating things themselves over buying finished products.

Will This Market Continue to Be Popular? — Challenges and Future Directions

While the bead mosaicking market is currently booming, it faces potential issues:

1. Homogenization: Many merchants offer similar products, leading to potential fatigue among consumers if there’s a lack of innovation.

2. Unstable Supply Chain: The cost of plastic beads can fluctuate with oil prices, affecting merchants’ profits.

3. Maintaining User Interest: To sustain growth, new trends (e.g., 3D mosaicking, glow-in-the-dark beads, washable beads) or collaborations with more IPs may be needed, as well as enhancing the social aspect of offline events like mosaicking parties and competitions.

In summary, the rise of the bead mosaicking market demonstrates how small-scale needs can turn into a large business. By addressing real consumer desires and utilizing appropriate strategies, even seemingly trivial items can create significant commercial value.