5 Profitable eCommerce Businesses to Start in 2023
With the rise of eCommerce, there has never been a better time to start an online business. And with so many different options available, it can be tough to know where to start. But don’t worry, we’ve got you covered. In this blog post, we will explore 5 of the most profitable eCommerce businesses to start in 2023. From Drop-shipping to Amazon FBA, there’s sure to be an option that’s perfect for you. So what are you waiting for? Read on to find out more.
VR Devices
Since we're slowly moving into the metaverse the demand for VR devices is only going to grow the industry as a whole is growing at a fast pace. The global VR market size is projected to increase from less than 5 billion us dollars in 2023 to more than 12 billion us dollars by 2024. At first, gaming was the main usage for VR devices, but now those headsets are being used in all kinds of fields for example medical students use VR devices to train for surgery VR sets are also used in rehabilitation procedures.
Non-Alcoholic Beverages
The non-alcoholic beverage industry skyrocketed this past year as consumers shifted from boost-filled nights to prioritizing their health and wellness. What's interesting about this space is that non-alcoholic beverages are not that much cheaper than the traditional alternative. If you look up a few brands, you'll see that their pricing is up there; however, this is not stopping consumers from footing the bill. The online sales of non-alcoholic beverages rose by over 300% in the past year. The sales of non-alcoholic beer and cider grew by 31%, but more notably, sales of non-alcoholic spirits grew by 113% during the same period.
Beauty Products
Another extremely profitable industry for eCommerce businesses is beauty products. The global beauty market is expected to reach $460 billion by 2025. This industry is growing at a rapid pace due to the increasing popularity of self-care and the convenient nature of online shopping. You can sell anything from makeup to skincare to hair care products online.
Health and Wellness Products
Health and wellness is another booming industry with a lot of potential for eCommerce businesses. The global health and wellness market is expected to reach $4.5 trillion by 2023. This industry is growing due to the increasing focus on preventative health care and healthy living trends. You can sell everything from supplements to fitness gear to healthy snacks online.
Online Learning Platforms
Before you say, ‘there are already many education portals available. Keep in mind that there are no caps or entry restrictions where there is demand. Online learning platforms are still evolving, providing a great niche for your business. As they continue to grow, online learning will provide a way for people to access educational resources in unusual ways. For example, in 2023, more students will be looking for unconventional ways of accessing educational resources since the field is wide open, and you have your pick of academic and vocational sub-niches going into the future.