There is no better time to start your e-commerce business than now. It isn’t the industry but the idea itself that turns a company from rust to gold.
While most people are comfortable launching their e-commerce business because of rapid innovation, low costs and shipping facilities, the number one worry stopping them in their tracks is what idea to pursue? And, most importantly, what products to sell that sell?
To answer this question, I searched the web and compared different successful e-commerce ideas in the online market based on their current trends, disruptiveness, and success rates.
- Fashion and Jewelry
Fashion and jewelry products will always remain strong regardless of any business. However, this year will see more e-commerce stores popping up and selling attractive fashion wears. Those who earlier venture into marketing, retailing, and delivering products and services in beauty and fashion are already making huge returns on investment. In addition, the ride of social media like Instagram, Facebook, and TikTok leverages start-ups to grow their brand.
- Smart Home Products and Accessories
As the demand for smart products rises, not many e-commerce stores are selling these products. Previous year alone, at least 40 percent of millennials in America used a smart home speaker. This is one of the innovative e-commerce ideas that will increase to 50% this year. So, now is the best time to plan your online presence in this business area, either as a retailer or distributor.
- AR/VR Headsets, Apps, and Accessories Store
It took Augmented / Virtual Reality (AR/VR) long to become available to the masses. But the demand has now gone up considerably after initial user adoption encouraged by the pandemic. When AR/VR accessories are largely available, more companies will invest in using and developing them. We believe that next couple of months, the growth of VR/AR will approximately reach the $108 billion sales mark by the next couple of years.
- Vape Hardware, Flavors, and Liquids
The vaping industry is fast becoming a highly lucrative business idea as vaping has become a mainstream hobby. Although thousands of vaping-focused e-commerce stores are already active, there is still a gap in the lineup of stores that can cater exclusively to local communities.
- Online Learning Platforms
Before you say, ”there are already many education portals available…,” keep in mind that there are no cap or entry restrictions where there is demand. Online learning platforms are still evolving, providing an excellent niche for your new business. An important note to take is the increasing number of students looking for unconventional ways of accessing educational resources. The demands for distance/online learning are becoming more popular, and as such, you may start your new business in that field. And take advantage of massive returns as people buy your courses, take your classes, or attend your virtual lessons.
- 3D Assets Stores
Unity, a 3D cross-platform game engine, launched its asset store three years ago. However, today, 3D assets have become a hot commodity, increasing the trade of 3D assets for games and AR/VR apps. The exciting thing is that you can launch your 3D assets store by adding assets from third-party developers or making your own. Then, you can put the assets up for sale or a monthly or yearly subscription.
- Online Grocery and Foods
Like the online grocery niche, the industry’s profitability depends on vendor relations and relentless drive to increase the customer base. With the wide range of products and the equally huge target market, this niche will continue to be an excellent e-commerce start-up idea in the coming years. In addition, local sourcing is a rising trend that benefits both your business and local stakeholders.
- Selfie Drones
Nowadays, selfie drones are one of the best eCommerce products that are trendy. Surprisingly, we now have drones that deliver packages to farmers who keep an eye on their crops and videographers’ use in capturing aerial shots. Presently, the demand for this product is growing daily. Selfie drones allow individuals to easily take pictures from different angles without the need for a selfie stick.
- Digital Marketing
Digital marketing is a service you offer to businesses to help them reach more audiences at the right time and location using the best tools. Digital marketing is incredibly in demand, and people are looking for assistance in this sector. If you have skills related to SEO, SEMM, or any other skillset within the digital marketing niche, you can start using them right away.
- Online Fitness Coaching
Almost every part of our daily living has gone digital, including fitness and exercise. Online fitness coaching is gaining some popularity resulting from the 2020 pandemic. It is one of the best business ideas you can implement now. You can focus on offering online fitness or any similar classes, thereby earning a good living and staying fulfilled!
Latest innovations, upward trends, and ever-green products offer the best opportunities for starting an e-commerce business this year. So, if you are wondering how and where to start, contact us today. Our dedicated e-commerce professionals will assist you in making informed decisions to reap maximum profits from online commerce.