Meet Mr.Jojo
Mr.Jojo wanted to leave his 9-to-5 job and start his brand. Whenever Mr. Jojo entered the office and placed his eyes on the same white screen with a list of yesterday’s pending work and upcoming future tasks, he felt like it was the last day of his corporate life. Mr. Jojo was passionate about customers and marketing. He wanted to start an e-commerce business and even tried selling products in the past but failed miserably. PERIOD
Okay, coming back to the present time. Mr. Jojo is still passionate and insecure at the same time. He wanted a perfect niche for himself.
Well let me tell you, Mr. Jojo had an awesome plan but not-so-awesome strategies as,
There’s Nothing Like “The Perfect Niche”
It’s all about turning a problem into a profitable niche
Well, how? Let’s get straight to the point without missing out on the deets!
Also Read : E-commerce marketing ideas | Boost your sales
What is an e-commerce niche?
A niche e-commerce product is a unique, more defined segment of a larger market. Anything from home workout equipment to organic food might be an e-commerce niche.
Finding A Niche In E-commerce Comes With A Variety Of Benefits
Because you only sell specific products rather than hundreds of stock items, having an e-commerce niche especially allows you to store and manage inventory for much less expense. You can enhance your e-commerce warehouse capacity and save on storage costs by concentrating on a certain specialization.
Fewer Competitor
When you serve a limited or specific target audience, the chances of having a tough competitor are very very low. So it’s crucial to target the right market.
Affordable Marketing
Once you know your “buyer persona”, it becomes easy to create messages and ads that are specially designed for them and in their tone. Understanding your exact target audience makes it easy in curating highly relevant content that attracts their interest.
Dream Profit
Niche products often have high-profit margins as they can meet the specialized needs of the customer. When customers don’t have extra options for your services, they definitely won’t mind spending extra bucks.
Customers Are Your Best Pals
From childhood, we have been learning the concept of “quality over quantity”. This is exactly what niche business talks about. Having a smaller target audience, your focus on quality customer services enhances and you can nurture our relationship with them. By catering to the customer’s specific needs, you are not just a supplier but their best bud.
So. less competition, and high profits, sounds like a dream idea, isn’t it?
Let’s Further Check Out The Untapped E-Commerce Niche Ideas
Technology
After the pandemic, working from home has become a trend. Any product that enhances the home or office working experience, is in demand. Any innovative ideas in this niche, except desktops and monitors, will work wonders.
Pet Products
Pet lovers LOVE their pets and they will go above and beyond for them to keep them happy and healthy. Pet owners are picky when it comes to their pet’s food and most of them prefer organic food over any other delights.
There are several things that you can sell to pet owners including Pet Wellness products, their clothes, toothbrushes, anxiety oils, and more.
Also Read : Here’s a checklist for your Social media optimization
Sustainable Products
Four in ten Americans identify themselves as an environmentalist. 90% of gen-z consumers will pay extra for eco-friendly products. Since the world is leading to sustainability, selling environment-friendly products is surely a smart move.
Grooming Products For Men
Cosmetics give confidence. Customers are looking for products that can help them reflect their personalities and lifestyle. Unlike other categories, like groceries, consumers are more loyal to their preferred beauty products. There has been a sudden rise in the acceptance of Men’s grooming products after the pandemic. We don’t know if daily video conferences were the reason :D. According to a recent survey, the demand of the Global Male Grooming Market will reach a value of around 110 billion in 2030.
Gym And Workout Equipment
When gyms were shut during the pandemic, people started working out from home. The concept of having a gym at home is trending. Selling gym equipment such as treadmills, dumbbells, and other fitness equipment is a profitable niche.
In addition to untapped niches, there are several profitable niches, including those for home decor, DIY products, health products, etc that you can start with. However, it’s crucial to have an e-commerce strategy before getting started.
How To Build The Best Strategy For Your E-Commerce Niche
Dive Into Your Passion
Choosing a niche that represents your passion is the best way to turn it profitable as you can provide the customer with what they exactly want through your personal experience. Plus you will be more familiar with the marketing strategies that will attract you and your customers to buy the product.
Research. Research. Research
You don’t want a niche that’s already overcrowded. Look out for the competitors, collect data, and observe their strategies before choosing your niche. You can create an Excel sheet with details of all competitors of your shortlisted niche like their names, websites, price point, product description, etc.
Get To Know Your Target Audience
You should know whom you are selling to. If you are selling pet products, you are selling to pet owners, and at the same time, you are selling a better living experience to pets.
You need to understand consumer preferences, their problems, their purchasing capacity, and the platforms on which they look for solutions.
Stand Out With Your Brand Identity
If you want your customers to choose over your competition, you need to develop a unique and strong brand image. For example, a combination of yellow and red color will immediately remind you of Macdonald’s and its Tagline, “I Am Loving It”. You surely want your target audience to remember your brand like this.
Final Thoughts
Choosing an e-commerce platform’s niche isn’t deciding on what’s trendy and expensive. You need a passion for the product and after selecting the niche you need to know your target audience, competition, and awesome marketing tactics to reach them.
We hope this blog helped you and Mr. Jojo to choose an e-commerce niche and form strategies to scale their brand.
Building an e-commerce website can be a daunting and complicated process.
Don’t fret! Our e-commerce web development company has got you covered.
With 17+ years of experience, Communication Crafts has been a reliable e-commerce agency across the globe. Trusted with ISO 27001:2013 certification, we help unlock your brand’s true potential and groom your company for the future.
As an experience-led e-commerce website development, we offer state-of-the-art technical proficiency along with a thorough understanding of the latest e-commerce trends.
From design to deployment, our experts can build an online store that captivates the audience and conquers the competition.
Read the benefits of our cost-effective and future-proof digital solutions!
Looking for Result-Driven e-commerce services?
We have got you covered!
