- Advertisement -
Home Business Add to Cart: The 4 Popular Product Categories Online

Add to Cart: The 4 Popular Product Categories Online

- Advertisement -

The timing couldn’t be any better if you plan on opening an e-commerce business in Singapore. A whopping 73 per cent of online users in the country buy products from the internet. This number could increase in the future, with the rising popularity of digital marketplaces and online boutiques urging it on.

Before you dream of selling internationally, you should build a loyal customer base from locals. But what kind of products should you sell? Lucky for you, market researchers have determined which product categories Singaporeans spend on the most. Pick and choose which of these categories you want to offer to the online crowd.

RELATED POST: BEST E-COMMERCE SOFTWARE PLATFORMS FOR YOUR ONLINE BUSINESS



ALSO READ: BENEFITS OF AGILE TRAINING FOR BUSINESSES

e-commerce business

1.Electronics

Singaporeans spent over 1 billion U.S. dollars on electronic devices and other physical media. Although this is a lucrative market, launching a small e-commerce business based on online electronic device retail may be difficult.

The high cost of electronic devices could make it difficult for you to gather inventory without significant capital. You’ll also need to find reliable business delivery services to transport your goods on schedule and without damaging them.

If you still want to start an online store with products related to the electronics market, you could consider accessories for mobile devices. Mobile chargers, screen protectors and casings are less expensive investments that require fewer delivery considerations.

ALSO READ: 4 TYPES OF HOME-BASED BUSINESSES YOU CAN SET UP

2. Fashion Items

Clothing is the second product category most Singaporeans purchase through the internet. However, apparel and other fashion-related products are the leading categories in the world. All over the globe, 57 per cent of online users have gone to digital marketplaces to purchase an item of clothing or an accessory.

Opening an online store for second-hand clothing can be a good way to build capital for acquiring new selections. Or you can focus on unique accessories. If you have the skills for it, you can sell knitwear or any other type of handmade clothing items.

3. Beauty Products

Beauty Products

ALSO READ: BENEFITS OF 3D PRODUCT RENDERING

Beauty products and similar industries received nearly a billion dollars form Singaporeans online in a single year. Thanks to video tutorials and online media, users don’t even have to apply makeup on themselves to see what these products look like. The comments sections and rating systems also give people the confidence to buy skin creams and similar goods from digital marketplaces.

Unless you can manufacture your own beauty products, you’ll have to become an online retailer or you can use white label cosmetic providers. These manufacturers produce generic beauty products, like creams and lotions, and allow you to put your label on them. This frees up your time to focus on marketing your new business.

4. Hobby Items

Finally, online users from Singapore spent 658 million dollars on toys and do-it-yourself products. This product category caters to the specific interests of a small population. Tabletop role-playings games, model kits and board games all have dedicated followers. Although this product category may not have as large a market as others, its dedicated members mean that your e-commerce business will have loyal customers.

ALSO READ: THE HIGHS AND LOWS OF WEARING PRESCRIPTION GLASSES

With so many products to sell, you could feel overwhelmed when opening your online business. Narrow down your options by keeping an eye on the most popular products, and you’ll always find a way to make a profit.

- Advertisement -
- Advertisement -

Must Read

SIGNO: India’s first launched AI-Driven Blue Collar sourcing in 60 seconds

As termed as a developing market economy, India is trying its best to cover all the aspects it needs to have so as to...
- Advertisement -

How to protect your privacy in USA?

Almost every website you visit or mobile app you open is either tracking you or harvesting your browsing activity for commercial services. Research shows...

The Top 11 Most Famous Scientists of Today      

We all know some of the most famous scientists, from Albert Einstein to Steven Hawkings. Do you know who the most prominent scientists today,...

How to Deal with Micromanagement in the Workplace

Introduction Micromanaging is a common behavior in the workplace. No one likes a micromanaging boss and such behavior is likely to create workplace conflicts....

Related Category Posts

SIGNO: India’s first launched AI-Driven Blue Collar sourcing in 60 seconds

As termed as a developing market economy, India is trying its best to cover all the aspects it needs to have so as to...

How to become a tech entrepreneur?

Becoming a new entrepreneur involves several factors and one should aware of them in detail for accomplishing goals. The technologies are improving a lot...

7 Effective Problem-Solving Techniques in the Workplace

Introduction Problems are a part of our lives at work. We are faced with multi-faceted problems in daily work life. Successful leaders are good at...

What are the five steps of the risk management process?

Every company has to go through some risks in the operations that require more attention to overcome them effectively. An organization should evaluate the...

What is Agile Methodology in Project Management

Introduction: What is Agile Methodology? An agile methodology is an iterative approach to project management. It aims at breaking down complex projects into small and...
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Select Language »