What to Sell Online: 5 Interesting Product Ideas
It must be exciting for new entrepreneurs to start an online business, but also it is definitely difficult to choose what to sell online. With thousands of products available to sell online, narrowing down to several products can be overwhelming.So, how can you find your first product? What kind of products are popular online? Can it be profitable?
Circle was at Sea Circle Cross-border E-commerce Exhibition in Hangzhou, China with over 50 goods suppliers to find out some best sellers for you. The most popular products to sell are what we call commoditized and niche products. Commoditized products are needed by everyone, and niche products are special and unique. Products we recommend in this post will be a combination of both commoditized and niche products.
Disclaimer: These are not suggested products to sell online. They are simply items that caught our attention and are trending upwards according to Google Trends. Before choosing a product to sell online you must first do your own due diligence to determine market demand and potential.
1. Wood Watch
Wood Watch is a great gift for men. The retail price of wood watch varies from $20 to $500 online. The merchants price is from $8 to $40. The suppliers offer All those watched are made of organic wood to help take care of the planet. From Google Trends, it appears that wood watches have been around since the end of 2004 and have seen a slow but steady climb in interest up to 2012. However, in the last two years we can see the growth has flattened a bit with the exception of a single large spike.
The supplier told us that they have a wide selection of styles. From red sandalwood, to walnut to bamboo, your customer will definitely find the one they like.“Ecommerce is the best way this business could work.” Said by the founder. Opening up a store wouldn’t be able to reach targeting customers and is expensive.
2. Hoverboards/ Self-balancing Scooter
Hoverboards are generally depicted as resembling a skateboard without wheels. How popular is hoverboard? Here are some sales numbers.
The founder told us that his customers all use a multichannel strategy that includes Amazon and eBay as their primary sales platform. So if you plan to sell hoverboards online, you should familiarize yourself with selling on Amazon.
3. Home Decor Crafts
Home decor products are those that enhance the aesthetic appeal of the house, including paintings, frames, posters, wall mirrors, furniture, vases, decorative stickers, and many more. Home décor crafts are essentials of life. During holiday seasons, there is a high demand of home décor crafts.
According to the online home decor market 2016 report, in 2015 global online home furniture market were worth $39.9 Billion, with overall global furnishings market forecast to grow at a CAGR of 8.87% in the next five years.
Most of home decor products are irregularly shaped and oversized, shipping can be costly. Circle provides UPS shipping discount up to 70% off on international shipping, 47% off on domestic shipping.
Chopsticks are shaped pairs of equal-length sticks that have been used as kitchen and eating utensils in virtually all of East Asia for over 6000 years; first used by the Chinese. Chopsticks can be a creative gift idea. The global one-off chopsticks market is expected to reach USD 41.1 billion by 2025. The chopsticks retail price online is from $10 to $50, while the importing price is only from $2 to $10.
Taking to Google Trends, interest over time for “chopsticks” has maintained over 80 in recent years.
5. Matcha Powder
Matcha is finely milled powder green tea and has become increasing popular along with the tea category in general. Supermarket tea sections have exploded from carrying Red Rose and Tetley to a variety of hundreds of brands in recent years. The trend for matcha powder has been increasing every year since 2009 and just recently, seen a massive spike in search interest.
Please do not hesitate to comment below to share your ideas.