Access to this page has been denied because we believe you are using automation tools to browse the website. Well, you don’t have an excuse to not start your store any longer. I’ve put together a list of the 5 best niche business ideas for your 2016 ecommerce startup. While there’s no guarantee that you’re going to be able to quit your day job by opening an online store selling in one of these niches, if ecommerce Business Ideas put the hard work required to build a reputable brand, you will easily see a good secondary source of income for the rest of 2016. Related: Your guide to ecommerce SEO in 2016. On-site personalization is a big key to ecommerce success, according to an Inc.
The article refers specifically to personalizing a consumers’ online shopping experience. By personalizing the shoppers experience, customers feel as though they’re getting individual, unique attention every time they purchase a product. This is why personalized apparel is such a great niche for an ecommerce startup. Screen-print Ts with a consumers’ logo, name, or favorite design will sell better than a shirt that can be bought anywhere else on the web. By allowing consumers the opportunity to personalize their product, you kill two birds with one stone: deliver on-site personalization discussed by the Inc. As you can see from the above Google Trends data, search interest for personalized apparel has been pretty steady over the 12 months.
While it is a competitive market to break into, it’s not impossible to see success in this niche. If apparel is the game you want to play, I suggest reading this post for tips on how to be successful. When you’re looking to start an ecommerce store, it’s easy to be tempted to sell electronics. After all, they are crazy expensive and the profit margins must be huge, right?
Margins on electronics are incredibly slim. The only people succeeding at selling electronics are either vertically-integrated-brand-retailers, or big-box retailers who can afford to skate by on slim margins because of the sheer volume of items that they sell. Android smartphone revenue, according to a Bloomberg Business article. Taking all that into consideration, you can begin to understand why selling electronics online is a tough business. However, you know what is less competitive?
Selling all the accessories consumers need for their electronics. Phone cases, charging cables, screen protectors, headphones, keyboards, tablet stands – you name the accessory and people are buying it. These accessories are pretty cheap when bought at wholesale prices and you can list them at a price point that gives you a reasonable margin. Chances are you can find those cases for about half the cost at wholesale, and you can offer your own accessories for less than the competition to attract more consumers to your store.
Ecommerce Business Ideas In Our Generation
This is another category that, like apparel, is incredibly broad and allows for a more personalized shopping experience. As you can see from the above Google Trends graph, the term “hobby supplies” has had a high and steady amount of searches for the past year. This is due in large part to the popularity of DIY among millennials. In fact, Millennial Marketing even published a blog post called, “Generation Y has become Generation DIY. Research shows that 4 in 10 millennials are interested in co-creating products with companies.
Many brands are taking advantage of this and are now offering customizable options. This ties back into what I wrote earlier about the importance of personalized shopping experiences. Millennials have surpassed the Baby Boomers to become the largest demographic in America, and that means you’ll need to cater a large amount of your marketing towards them. Most products are extremely lightweight, so shipping costs are a lot lower than other products. One can screen print shirts or make fashion jewelry and accessories at a price well below typical retail value. This allows room for markup and profit margin, while also allowing the flexibility to offer a competitive price. Costume jewelry, real jewelry – it can all be successfully sold online and once again is another niche that enables you to offer personalization in your products.
Ecommerce Business Ideas Read on…
That’s what retired teachers Joe and Debra Morena did by launching Babierge, ecommerce her hand, which specializes in the rental and delivery of ideas equipment to travelling families. And you can offer your own accessories for less than the competition to attract more consumers to your store. Site personalization is business big key to ecommerce success, and you don’t need an ounce of web development skills. And I can tell you that Internet technology ideas be the least of your problems. At last count, as well as all the other shoe E, test the waters ecommerce investing in a custom web site. Whatever business decided to sell, this is why personalized apparel is such a great niche for an ecommerce startup.