In recent years eCommerce has become a gigantic force in the market with its consumers growing every day. eCommerce is expected to account for 19.6% that would be $4.921 trillion of global retail sales in 2021. By 2023, stats predict that these sales would increase to 23%.
eCommerce websites are growing significantly as it has provided a better and effective way for both buying and selling. And the best part is the market is not limited to a certain range of products. People are selling anything and everything nowadays and they are selling it well.
To start your own eCommerce store, all you have to do is find the perfect niche that not only interests you but your audience as well. So in this blog, you will find a list of the best niches to start eCommerce in 2022-
1. Your Very Own Clothing Line
The demand for clothing has been on the rise since forever. And it is not coming down anytime soon. According to Statista, the global apparel market is expected to reach from 1.5 trillion U.S. dollars in 2020 to about 2.25 trillion dollars by 2025. So if fashion is your calling then it could earn you a lot of profit!
Source: Amazon
People judge others and are judged by their fashion, so you need to make sure that you have fresh and innovative designs that people would want to associate with their identity. So first you need to focus on your brand personality. It is very important for your brand to have an authentic and innovative clothing line so that people would want to wear your clothes as reflections of their own personalities.
2. Develop Your Art Into Your Product
If your creativity is buzzing inside your head and you are bursting with ideas to develop a product of your own, go ahead and just do it! According to Statista, the value of the global arts and crafts market will reach 50.9 billion U.S. Dollars by 2024, which was 35 billion U.S. Dollars in 2017.
Source: Amazon
All you need to do is to find out if the product of your dreams is selling in the specific area of your choice, or where exactly is it selling. You will find data regarding these questions on Google Trends. Nowadays, people are going crazy for handmade gift items, resin art is also a new niche that is attracting a lot of consumers. So why not monetize your creativity, earn profits, and in turn spread happiness.
3. Natural Cosmetics And Skin Care
Source: NYKAA
People want to look beautiful without compromising their health. And hence, the rise in demand for organic products is evident. In 2018, the global market value for natural cosmetics was 34.5 billion dollars and it is expected to reach 54.5 billion dollars in 2027. Therefore organic beauty products are a promising niche. So if you want to develop your business in beauty products, why not go organic as well. A fine example of this is Mamaearth which was started in 2016 in Gurugram and in a few years they gained immense popularity because of their niche. People trust Mamaearth for their natural and toxin-free products and this has effectively increased their brand value.
Source: Mamaearth
4. Online Courses
The post-pandemic era has brought tremendous changes in the global education sector. A great number of courses have started to open up online. With the help of online learning, physical barriers are being removed, people can access knowledge and find educators anywhere around the globe. There are AI platforms available for a more comprehensible learning experience. Online education is expected to reach 350 billion dollars by 2025. So if you have good knowledge of a field you can start a course. This would not only benefit you with the profit but will also help to educate learners around the globe. Some of the best online education platforms in India are-
- Byju’s
- Unacademy
- Chegg India
- Khan Academy
- Coursera
5. Home Gym Equipment
Gym and fitness equipment are not just products to sell, instead, they are the metaphors for good health, fitness, and good shape. This niche would help those who want to include workouts in their daily routine but it is not feasible for them to go to the gym regularly. Selling gym equipment online would help people choose precisely what they are looking for in their workouts. You can start with selling home gym set for beginners, second-hand gym products, or older versions of the products of the latest brands at a lower price. You can also go for protein powder, shake, and other wellness products.
Finally
There are numerous eCommerce niches in the market to work on, but you have to find the one that is fueled by your artistic goals. It is also important to conduct thorough data research to find out what business ideas are bringing more profit to your desired demographics.
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