Selling products online is a challenging business. There’s no shortage of competition, and shoppers are bombarded with product offers everywhere they turn online.
No matter how well-established your business is, you can build an audience for your brand. A good niche product could be the difference between success and failure. You can gain a more substantial and passionate audience by ditching the one-size-fits-all approach and offering specialized products that appeal to smaller consumers.
You’ll want to research and plan before you choose your niche. It’s a good idea to test before you commit, though. When brainstorming product ideas, it’s essential to understand what a place is. This will help you determine the best market for your products.
What is a niche product?
A niche product targets a specific group of customers. This niche targeting of a larger market is a good strategy for companies offering products or services to people with particular needs or desires. Three examples of niche products:
Infant/baby products
It’s always early enough to start giving your child the best products possible.
Because there are many niches to explore within the baby category, baby-wearing products are an excellent way to make money online. Baby slings and wraps are popular products that many parents spend money on. Some parents pay hundreds of dollars for baby slings and wraps.
Baby-wearing communities on platforms like Reddit and Facebook have hundreds of thousands of members, all sharing information about the brands and products they love.
The Niche Community on Amazon is huge, so if you want to sell in a big niche, this is a beautiful community to join. This is an example of the type of products that you can sell on Shopiroller. This kids’ shirt is a fun, unique gift for a Yankees-loving little one.
Skincare and beauty products
Natural and organic skincare products and products catering to specific needs are a hot trend right now.
A big-name company with a big-name brand and well-positioned in a highly competitive space will always have a large audience of buyers.
Consider this: If you want to sell skin care products online, then focus on the specific products that can help customers with combination, acne-prone, and mature skin. This Lemon Cleanser is designed to make your skin feel clean, fresh, and hydrated. It contains moisturizing ingredients which make your skin glow.
The formula features vitamins C and E that penetrate deep into the skin to help neutralize free radicals and brighten your complexion. At the same time, jojoba oil smoothes your skin’s surface, says the brand.
Unique food product
With niche food products, the list is almost endless. Some niche grocery stores cater to special diets (gluten-free, paleo, vegan, etc.), subscription boxes that serve specialty snacks worldwide, and online stores selling exotic ingredients and spices. Consider the best type of products to sell: long-lasting effects that their manufacturers can drop ship.
Products like coffee, chocolate, honey, and syrup can be excellent places to start. Sol Cocoa, a specialty craft chocolate seller, sells just a few products through their online store—all of which feature chocolate with ingredients sourced from different South American countries. This chocolate contains coffee and cocoa beans sourced from Peru. The combination of coffee and cocoa beans is one of the unique flavor profiles in the world, and it’s found nowhere else but here.
Some bars have a variety of flavors, while others focus more on a specific flavor, such as earthy or savory. Product descriptions will list the tastes of each bar so customers can imagine how the bar will taste and with what foods they should be paired.
Benefits of selling niche products
Niche products are a gateway to many long-term benefits, including:
- Higher-priced products – Some niche products are very high in demand, which is why their prices are high. If you want your customers to buy your products, ensure they know they are unique and hard to find (which equals higher profits for you).
- The fewer competitors, the less competition. Regarding niche items, particularly locally-sourced items, there needs to be more competition so you can establish yourself as a resource.
- You can enjoy better targeting when you focus on a specific product niche. You’ll enjoy a more manageable time targeting your messaging to a more well-defined and receptive audience.
- Your niche and its preferences and needs are the cornerstones of your business. Understanding these will help you create a more effective marketing strategy.
- Credibility: By becoming an expert in your niche, you can build your brand’s reputation among customers and partners. If you master your craft, you can make better products and more thoughtfully-designed content for your audience.
How to find the right niche products to sell?
- Define your niche market
- Research social platforms
- Look at existing sites
- Choose your suppliers
- Test your product
Define your niche market
Whether you have an established ecommerce business, a new product, or a passion for selling, it’s essential to know who your target is. Find the most valuable customers for your business by consulting your sales team, support team, and customer data.
Do you have any traits in common with your ideal customers? What are they?
- Price sensitivity
- Quality standards
- Location
- Demographics
- Life stage
- Profession
- Values and important causes
It’s often easier to think about what the people you already know would want than to search for someone new. It would be best if you also thought about your interests, skills, and community. Once you narrow down the niche market to a small group of buyers you might have trouble reaching, you can start to think more about who you are and who you want to achieve. You can do this by creating buyer personas.
Baby carriers that use a sling can be used for shopping, running errands, or just hanging out at the park. This buyer might look something like this: A 25 to 35-year-old new mother who lives in an urban area where strollers are difficult to manage.
There are a lot of benefits to using baby carriers. One of the most important things is that it allows mothers to connect more with their babies and get to know them better. It also gives moms more freedom of movement. They both work from home and have an income of about $100,000. She’s looking for a carrier that reflects her unique style, is comfortable, and is easy to take on and off. As you zero in on your niche market, consider the market size, the level of competition, and gaps in product offerings.
Research social platforms
Research the social media platforms your niche market regularly uses, like Facebook groups, Reddit, or TikTok. Brand accounts are essential places to visit if you want to see what’s trending in the world of ecommerce. Read through customer feedback. Look for the “top complaints” and see if they are being fixed.
You should check many Reddit forums, whether you’re trying to discover or share your insights. For instance, you can search for a subReddit on the best baby products – or simply baby wearing—to find relevant communities.
Look at existing sites
Amazon, Wayfair, and Target have thousands of products in stock. And they’re not just general goods, but a wide range of products, including available and niche merchandise. To find inspiration, dig through their product categories and navigation menus. Many websites, such as Wayfair, offer products aimed at homeowners. In this category, you can filter for specific subcategories like outdoor lighting.
Once you’ve narrowed your search, you’ll be able to narrow down your search to find products that satisfy various needs (e.g., outdoor lanterns versus post lights versus landscape lighting). This is a must-read for anyone who wants to sell to their customers and for Amazon sellers who want to sell more. For more information, check out competitor website reviews.
Small store owners will learn how to position their products and market to the same (or similar) audiences.
Choose your suppliers
A product idea doesn’t have to sound great to make it into Amazon, so feel free to try something you think sounds like a dud. There’s a good chance that it’ll work out just fine! It is always a good idea to do your due diligence by researching potential suppliers and understanding the cost, materials, and process associated with producing your items.
There are plenty of places you can go to find dropshipping suppliers. You should check out manufacturer directories and other product-sourcing resources as well.
Check for the availability of critical products, such as ingredients.
- Delivery and lead times
- Payment terms
- Costs (including delivery fees, restocking fees, etc.)
- Minimum order quantity (MOQ)
- Production capacity
- Return policy
- Private label services
- Custom labeling and packaging options
- Customer service
- Reputation in the industry
The questions you’ll find in this section are used to verify whether the numbers work, plus identify any potential challenges that could occur during a campaign.
Test your product
To validate your product idea, you need to reach out to the people who will buy it. For example, suppose your target audience is women who live in rural communities. In that case, you could post flyers at farmers’ markets, put up fliers at beauty stores, or even send them to potential customers via social media.
Get pre-orders. Or, order products in small batches and test them with a select group of consumers. Focus on gathering honest feedback, be bold, and involve your customers in selecting or developing your products.
You must ensure that your test group doesn’t merely include friends or family; instead, they should not have a personal connection to your product. Host your online store on Shopiroller. You can use integrated email tools or review apps to collect feedback from buyers. Q: How to use C++ templates in Qt Creator? I have a problem using the c++ template in qt creator. I want to convert this code to template form: You’ll get the correct answers when you ask the right questions. That’s what a good customer service rep does. Here’s how to find out what to ask about your Amazon purchase.
Pay attention to other essential data points in addition to the ones mentioned above, including conversions, average customer spending, and customer retention rate once your product is for sale.
CONCLUSION
Creating the perfect niche product for your eCommerce store takes effort, but it’s worth it to access a passionate audience of shoppers eager to buy. You can lay the foundations for a successful eCommerce brand with some exploration and suitable suppliers. Shopiroller makes launching an online shop easier with features such as product management, inventory tracking, pricing controls, and more. Get started with your free account today.Try ShopiRoller today!
QUESTIONS ANSWERS
Q: What should store owners do to learn how to position their products?
A: Store owners should research potential suppliers, understand associated costs and materials, and check for the availability of critical products. They should also consider other essential data points, such as conversions and average customer spending.
Q: How can store owners test their products?
A: Store owners can reach out to their target audience, post flyers at suitable locations, or send messages via social media. They could also order products in small batches to test with a select group of consumers and focus on gathering honest feedback. Finally, they can host their online store on Shopiroller and use integrated email tools or review apps to collect feedback from buyers.
Q: What features does Shopiroller offer?
A: Shopiroller offers product management, inventory tracking, pricing controls, and more for store owners who wish to launch an online shop. They also provide a free account for users to get started quickly.
Q: How can store owners validate their product ideas?
A: Store owners can validate their product ideas by reaching out to the people who will buy it and getting pre-orders or ordering products in small batches and testing them with a select group of consumers. They should also focus on gathering honest feedback, involve their customers in selecting or developing their products, host their online store on Shopiroller, and use integrated email tools or review apps to collect feedback from buyers.
Q: What features does Shopiroller offer to help launch an online shop?
A: Shopiroller offers features such as product management, inventory tracking, pricing controls, and more to help launch an online shop. It also provides integrated email tools or review apps to collect feedback from buyers. Additionally, Shopiroller allows store owners to use private label services, custom labeling and packaging options, customer service, and reputation in the industry when marketing their products. Finally, Shopiroller offers a free account to launch an online shop.
