10 Product Ideas to Start your Ecommerce Store in 2018
With increase in the number of internet users, the number of people opting for online stores to make purchases of different products has also increased. Ecommerce is a growing market and not to anyone’s surprise, it is bringing huge profits to all types of businesses. Irrespective of the products being sold or the kind of transaction – Business to Business (B2B), Customer to Business (C2B) or Customer to Customer (C2C), eCommerce serves all business needs. If you are planning to start an eCommerce store and are looking for eCommerce product ideas, here is the list of top 10 eCommerce business ideas you can try:
Idea #1: Subscription Boxes
Subscription boxes industry is a growing industry which foresees a lot of demand. The subscription boxes supply products such as books, grocery, pet supplies etc. on a periodical basis. This can be fixed to once in a month or two months or any other period. This is certainly a new eCommerce business idea which would not only encourage customers to reorder from your site but also would increase your associativity with your customer base. This is favorable even to the customers as they are freed from the burden of repeating orders on individual products.
Idea#2: E-Books Ecommerce Store
E-Books have become very popular with the increase in the number of digital reading devices. And also with the large screens of smart phones being suitable for reading, the people who usually purchase hard copies of books are shifting towards E-Books. Even authors now prefer e-copies as there would be no publishing costs or shipping costs involved. Therefore, E-Books eCommerce store could be one of the best new eCommerce business ideas. However it is important to decide on the authors based on their quality of writing and the customers’ involvement with their content.
Idea #3: Health and Beauty Store:
Health and Beauty store is another good option to choose if you are opting for a best eCommerce business idea. This sector whose worth is more than $15 billion according to the studies done in 2012, has never seen a decrease in demand since then. The increase in demand for organic products related to both health and beauty can be attributes as one of the reasons. However it is important to make use of data analytics in order to know the nature of customers, their buying habits and demographical factors when it comes to running an eCommerce store selling health and beauty products.
Idea #4: Food Supply Store
Running an online food supply store is also one of the hottest ideas you can choose. This can be implemented in two ways. Firstly, food home delivery is facilitated by signing up with local restaurants in different places. You can tie up with restaurants and link them to your customers who order their food through your site. Once the food is ordered, delivery can be made to the location specified by the customer. On the other hand, you can even focus on specialty diet options (gluten-free, spices-free etc.) that people follow as a part of their fitness regime. For example, food supply for those who go to gym and have a diet chart according to which they plan their meals. This is a very niche idea as it hasn’t been tried by many ecommerce stores till now.
Idea #5: Phone Case Store
The phone case market amounts to nearly 20% of the phone accessory market, which means it is going to contribute around 20% to the market whose worth is expected to be a whopping $121 billion by the year 2025. Though the phone accessory market is highly flexible, phone cases still contribute a considerable figure to its growth. You might feel that there are quite a good number of stores which sell phone cases online. But there is still a lot of room for creativity. Categorizing the designs of phone cases based on the customer preferences is going to fetch you huge profits. For example, pink colored floral designs will very much be liked by women while men would prefer superhero cases. Customized phone cases are what actually people want.
Idea #6: Craft Supplies Store:
Craft supplying can also function as a profit-making business. There are not many ecommerce stores that sell craft material that can be put into use for several purposes. Right from supplying colors, sketches and drawing books to school going children to supplying decorative ribbons and caps to birthday parties, your store must have them all. Your craft supplies store can even make way into the themed parties which has become one of the hottest trends.
Idea #7: Sports Product Store
Products related to sports include not only the equipment used but also all the accessories used by sportsmen too. That means, if you are selling products that are related to the game of football you are supposed to sell everything –right from the football net to the shoes the player wears, right from gloves of the goal-keeper to the thigh and knee pads of the players. In a similar fashion, you need to have a clear idea of what all are used in different kinds of sports that would help you run your store successfully. Having an idea of sports played in different regions would help you more in sorting out your product lists.
Idea#8: Merchandising Business
Finding suppliers for a new eCommerce store might be a difficult task. Because suppliers would be more willing to work with already established eCommerce businesses rather than working with the new ones. Convincing suppliers to get associated with a new business might not turn out well as they believe in supplying to the stores which are already in the business for years and have a good customer base. You step into the task where you work as a middle man between these online retail stores & the suppliers and large retailers that supply products to smaller online stores. In this way, you are not only bridging the gap between new eCommerce stores and suppliers but also are escaping from the burden of managing inventory.
Idea#9: Jewelry and Accessories Store
For all intents and purposes, jewelry is something which is not going to fade away for years to come. It is suggestible to set up an eCommerce store concentrating on different kinds of jewelry and accessories. Variety can be added to the jewelry and accessories by making use of different types of materials like platinum, copper, black metal etc., handmade designer jewelry, stones and vintage materials. Furthermore, customization of products based on user choices will help increase your sales.
Idea#10: Baby Care Products
Baby care product industry also has a huge market. As it is very important to be careful enough while dealing with baby care products, people prefer exclusive eCommerce stores which sell baby care products alone. Different products like clothes, cribs, beds, strollers, oils, soaps, shampoos used specifically for babies can be made available on your store.
To conclude, it is important for you to realize the basics and rules of ecommerce industry in order to run your store successfully. Understanding customer behavior and buying habits is also crucial to withstand competition and have an edge in the market.
If you are motivated to start your own ecommerce store, head on to ShopyGen website. Browse through the feature-rich products and make a potential purchase. Not only are ShopyGen products affordable but also progressive and fully functional.
If you have any doubts or concerns, feel free to drop a line or two in the comments section. I shall reply in a day or two. Keep watching this space for further insights on the best eCommerce business ideas. To keep yourself abreast of new eCommerce business ideas, subscribe to our newsletter. Our best wishes are with you and your eCommerce venture. Cheers!