We are now in a new year and you are still thinking about all the different products you can successfully begin selling online. When you start an online store, you want it to be successful; however, your first idea may not be all that it is cracked up to be.
If you want to sell physical products online to make a profit, then you need to do some research and gain data that can help you create a more successful eCommerce business model. In addition to that, you will also need a list of ideas.
Today, we will go over a few of the trending products to sell for 2020 to provide you with the inspiration you need to get started on your own online store.
This is underwear that offers a tight fit and can help control the shape of your body. It is considered a niche starting point and is estimated to grow by around $6 million by 2022. You can also take advantage of influencers and bloggers in the fashion industry to market this type of business.
Bluetooth Smart Home Speakers
These were popular a couple of years ago and remain hugely popular today. It is a rapidly growing market with a more than passionate audience and is estimated to grow 10 percent annually by 2023.
Another passionate community and a great niche to get into are drones. It is a $5 billion industry and continues to grow. There are also different levels of drone users, so the customer lifetime value of this product can be maximized.
More people are attached to their phones and for this reason, the phone accessory industry is booming. This market is expected to grow to a staggering $108 billion by 2020. However, it is highly fragmented.
The pet industry makes up for a whopping $70 billion. Currently, there is a dog bowl for sale that is generating over $350K every month. So, this is a profitable niche. Choose a focus area within this niche and then scale up with content marketing such as dog beds or dog clothing.
This market is estimated to grow around 9 percent annually and reach $1.3 billion in just a couple of years. In this niche, you can sell multiple products to a person in your target market.
Fake Eyelashes and Nails
If you can find creative marketing angles, then you have a chance at success in the fashion eCommerce industry. Fake eyelashes and nails are popular, and the category of consumable products is set to grow approximately 4 percent annually by the year 2023.
This is always something that will be considered a need for many households, especially because mums do a lot of online shopping (who wants to drag kiddies around a busy shopping centre!?). However, it is also a really broad category. So, if you focus on this niche, you want to narrow it down to a certain item. For example, preemie clothing.
Natural Skin and Hair Care
More people are turning to a more natural lifestyle and are ditching products that are made with artificial or synthetic ingredients. This is a highly competitive niche, but it is a clear sign that it is definitely a good market to get into.
Parents everywhere drop money on creating a memorable birthday party for their children each year. However, decorating is also considered quite the chore. This is why there is a need for pre-packaged birthday decorations based on the age and gender of the child.
Whilst there are hundreds of viable and profitable products to sell online, the above is a guideline based on statistics within that industry sector. Click Start Digital always favour choosing products that are consumable and/or have a higher ticket price and products that have longevity (not a fad product such as a fidget spinner that people won’t want in a year).
We sell a range of ready to go online stores where the business idea has been researched, the website has been built and the suppliers have been sourced! Making it easier for anyone to get started selling products online. To view our current websites for sale click here.