If you’re starting a new e-business, you’re probably feeling overwhelmed by the operational complexity. There are vendors to contact, products to select, shipping to sort out—and where in the world are you going to store all your stock anyway?!
One way to make your life as a new business owner much easier is by drop shipping. When you drop ship, your business doesn’t carry stock of your products. Instead, your vendor sends orders straight to the customer. Sound great? It is!
Drop Shipping Makes Your Life Easier
First, you don’t need nearly as much capital to get started, because you don’t have to purchase inventory. Second, you don’t have to deal with challenges like shipping, warehouse management, and restocking. Third, and most important to you as a new business owner: There’s less risk involved, meaning you can test a product, product line, or entire e-commerce niche before definitively committing to it.
And to make drop shipping even more appealing, there are tons of great drop ship product suppliers in a huge variety of e-commerce niches. No matter what you sell or want to sell, you’re bound to find a reliable vendor who can help you out.
So, if you’re interested in expanding the scope of your offerings or starting fresh in a new area altogether, read on! We’ve compiled a list of the 5 hottest drop ship niches (in countdown style) for you to enter right now.
NICHE #5
Educational Toys
If you’re a parent (or if you live in the vicinity of parents and/or children), you can probably guess why educational toys are hot right now. With Covid still impacting schools and after-school activities, learning and play increasingly happen in the home. Overstretched caregivers are eager for new tools, toys, and games that not only keep their kids occupied, but also (hopefully!) teach them a little something. That’s why educational toys have become a booming niche.
Educational toys include things like crafts, science-based kits and projects, language-based games, and anything that makes kids unwittingly do math. If you’re attuned to what toys kids like (or if you like educational toys yourself—no judgment), expanding into educational toys might be a fun and smart idea!
NICHE #4
Wellness Products
Self-care has transformed from a social media buzzword into a massive, multi-billion dollar industry. As the pace of modern life quickens and human stress levels continue to rise, many people will keep turning to wellness products as a way to ease tension and calm the mind. Wellness products include items like skincare products, nutritional supplements, bath and shower soaps, scrubs, cleansers, and aromatherapy.
If you’re known to enjoy a nice bubble bath at the end of a long day, or perhaps a cup of premium-blend tea, wellness products might be the niche for you.
NICHE #3
Eco-Friendly and Sustainable Goods
This is another e-commerce niche that will only keep growing as consumers become more and more aware of the environmental footprint of their shopping choices. What’s great about this niche is its versatility: You can find a sustainable version of practically any product. This means you can add a “Sustainable” section to your existing website and sell products specifically geared toward the environmentally-conscious among your customers.
Be aware that sustainable products tend to be more expensive than their regular counterparts. You’ll want to ensure your marketing clearly communicates the environmental benefits of these products so customers know why they should pay a premium for them.
NICHE #2
Home Office Furniture and Equipment
Like Niche #5, you probably understand why this niche makes our list. Since the start of the pandemic, many companies have found that remote work is just as effective as in-office work and have switched to either a fully-remote or a hybrid workplace. Other companies have simply granted workers greater flexibility over where and when they work, so that more employees than ever before are clocking in from their home offices at least part of the week.
This means, of course, that they need all the supplies they’d normally find in (or steal from) their regular office: desks, office chairs, organizational tools and furniture, and electronics like printers, monitors, and tablets. If you can turn your website into a one-stop-shop for the modern work-from-home employee, you’ll make a lot of people currently hunched over their laptops at the kitchen table very happy campers.
NICHE #1
Pet Products
As much as people love taking care of their kids, the environment, and their wellbeing, they love taking care of their pets more. The pet industry has grown continuously over the past 50 years and is now valued at $99 billion. That’s a lot of dog bones and laser pointers. If you’re looking for a bark-worthy niche to enter, pet products might be it.
There’s only a slight (belly) rub: The pet products niche has grown so large, that it now has its own niches. These include pet healthcare and wellness, premium pet products, wholly novel products (like pet toothpaste), and niche pet foods, like freeze-dried or raw foods. To stand out from the competition, you’ll want to consider specializing in a sub-niche.
So, which is the right drop ship niche for you? Are you an eco-warrior? A cat whisperer? A self-taught chemistry teacher? Once you’ve decided, we can help you get your e-business up and running successfully using a convenient drop ship model. We’re experts in drop ship and can help guide you through the many choices you’ll have to make on your way toward e-business victory.
What are you waiting for? Get in touch with Company Bee today.