eCommerce is taking over the way we shop.
By the year 2040, 95% of shopping will be conducted online. If you’re interested in starting a business, eCommerce is the way to go. And what you sell will determine your store’s success.
But with so many niches and items you can sell, it can be difficult to pinpoint the niche you should choose.
The first place you should start is your own passions. But if you’re prioritizing the most popular eCommerce niches, there are plenty of options for business owners of all interests and backgrounds.
Here are 4 popular eCommerce store ideas that drive success.
The fashion industry’s success will never go out of style! People want fashionable clothes and are looking to splurge online.
How much profit can you expect to make? A lot — which is why fashion is first on our list. For example, the average person living in Manhattan spends $362 every month on clothing alone.
But fashion is a huge umbrella for different types of clothing, styles, and even accessories. The most trending fashion niches include luxury fashion, retro, and accessories such as hats.
For such an in-demand industry, you’ll need a reliable eCommerce platform such as Shopify with the best Shopify apps.
Niche Food Products
Grocery stores are a thing of the past with food eCommerce. We also live in a world of specialty diets, allergies, and lifestyle preferences such as vegan.
Whether consumers can’t cook or live a busy life, they would rather have pre-prepared food and snacks.
Appeal to a niche market and offer a convenient online ordering platform. Common food niches include keto, gluten-free, and vegetarian/vegan.
There are other considerations to know. For example, there are strict laws when selling food.
You’ll also need to undergo regular inspections and gain necessary permits and licenses. There are also laws to obey if you prepare your meals from home.
These laws also depend on which country you live in. For example, the laws are different if you’re based in the U.S. compared to the E.U.
The B2B eCommerce industry will generate $12 trillion in sales by 2020.
B2B is a diverse industry and often faces little competition. But that’s because getting your foot in the door can be challenging. If you can break through the struggles, you can expect to profit greatly.
What are some B2B industries and products that reap the most rewards? Focus on industrial products, generators, signage, and construction supply.
Technology is improving and we rely on tech more. This is why selling tech and gadgets is an easy way to make a profit. But different tech products trend more than others and promise better sales.
If you really want to make sales, sell products to those who need them and are willing to pay top dollar.
The best example is home tech. Smart homes are becoming more common. While we think of Alexa and other home gadgets, more homeowners are investing in a tech-optimized home security system.
Everyone also has a computer or a tablet. Sell tech accessories and gadgets that appeal to computer users. Examples include a WiFi extender.
These eCommerce Business Ideas Will Help You Drive a Profit
More people are shopping online. If you want to get on the eCommerce bandwagon, you need to ensure the products you sell will be successful. These are the most profiatble eCommerce business ideas to get you started.
Now that you know the online business ideas that will help make you money, do you know some online money-making ideas that you should avoid? Here are a few of them.