6 Emerging Ecommerce Businesses that are Turning Big Profit in 2019
Let’s say you want to get into the clothing business. This category includes a wide variety of products. From athletic apparel to summer wear, the market is too big. It is difficult to target both 25-year-old adrenaline junkies and teenage girls looking for trendy outfits.
If you are someone who’s on the cusp of entering into the murky waters of eCommerce, you will be well advised to pick a niche.
But what really is an eCommerce niche?
Well, it’s not something complex or even remotely intricate. Quite simply, an eCommerce niche is a specialized market of shoppers that you will target with your business model.
Let’s say you want to get into the clothing business. This category includes a wide variety of products. From athletic apparel to summer wear, the market is too big. It is difficult to target both 25-year-old adrenaline junkies and teenage girls looking for trendy outfits.
So the best strategy is to pick a niche and target a particular segment of a market.
Profitable Ecommerce Niches in 2019
Sticking to a niche not only helps businesses thrive in the ultra-competitive world of online business. It also assists in creating a loyal and profitable customer base.
Here are some hot niches that are proving to be profitable in the year 2019.
Affiliate Marketing
Your online business venture does not have to rely on actual products or services. Instead, you can take a whole new route. Affiliate marketing is as big as it’s ever been. Businesses are trying to market their brand using not only their own sphere of online influence but also of other established websites.
These websites work as affiliate marketers for brands through dedicated promo code or affiliate links. Any sale generated through the affiliates earns them a certain commission. While standard affiliate marketing is a one-to-one arrangement, coupon marketing involves coupon networks that distribute promo codes throughout the web. Whatever form it takes, affiliate marketing is a win-win scenario for all the parties involved.
Online Courses
Are you an expert on a particular subject or industry? If so, you have a golden to turn your expertise into a sustainable and profitable online business. With E-Learning expected to grow to $325 Billion by 2025, even a small piece of the cake can help you build an online business empire.
And it gets even better. Although you will find thousands of courses in the digital sphere, there will always be room for more. People will buy your courses as long as they’re relevant. All you’ll have to do is advertise your credentials through social media and other venues.
Natural Skincare Product
Growing number of people are ditching chemical-filled skincare products for their organic alternatives. And this trend is on a meteoric rise with the market expected to reach $22 billion by 2024. Natural products such as body scrub, facial oil, facial cleanser, and mineral sunscreen are gaining popularity in the skincare market. And judging by the growth and success of websites such Abundance, this trend is not going away any time soon.
On-Demand Clothing
It’s no secret that plain t-shirts have become a rare sight these days. With design-printed T-shirts available in tandems, everyone wants to be a part of a certain community or trend. Some people want to show their love pets while others want to pay homage to their favorite genre of music.
This is where online businesses have the opportunity is to cash in. They can either piggyback on a trend or find their niche in some thriving sub-culture. Take Pro Wrestling Tees, for example, it’s a website that sells T-shirts of independent wrestlers. Although that’s a small niche, the website is seeing continuous growth and expansion.
Handmade Pet Food
There has been an increase in pet ownership and Baby Boomers are spending more on pet care now than ever before. And as the trends suggest, millenniums are expected to follow suit. Statista reports that in 2017, eCommerce Pet Care Sales grew by a whopping 3.4 billion U.S dollars. If that figure doesn’t make you curious about the potential of this industry, nothing will.
In recent years, more and more customers are turning towards handmade pet food. This is where the opportunity lies for small startups to make healthy treats and offer it to the pet owners. A subscription model of this business can help entrepreneurs maximize customer lifetime value.
High-End Fashionable Apparel for Rent
.png "Online-dress-rental-business-(1).png")
Some ladies want to wear high-end fashion brands but their budget comes in the way. Websites like Le Tote gives them a way out. These sites let women rent out dresses from posh brands such Kate Spade and Halston through a monthly subscription plan. It is an eCommerce business that can turn big profit if organized and strategized with a good business plan.
Conclusion
Ecommerce is a fairly recent phenomenon. Although it has given births to giants like Amazon and Alibaba, it’s a world riddled with uncertainties and cutthroat competition. Taking this consideration, entrepreneurs are well-advised to pick a niche and stick with it.
It doesn’t matter if you’re riding a wave or going against the current, picking a particular market segment will steer you in the right direction.