While most individuals are confident in their ability to start an eCommerce platform Singapore company due to fast innovation, cheap prices, and delivery options, the number one concern that holds them back is deciding which concept to pursue. What, above all, are the goods to sell?
To get a solution to this issue, I searched the internet and analyzed several eCommerce platform Singapore company ideas that have proved to be successful in the online market based on their disruptiveness, current trends, and success rates. Here is a list of the top eCommerce platform Singapore ideas that are worth your time and money in 2021.
#1 Niche fashion/jewelry product
Regardless matter the industry, niche goods will always be popular. Having said that, more specialized digital marketing agency Singapore shops are expected to open in 2021. Because of the advent of technology like beacons, robot-managed warehouses, and drone delivery systems, the local eCommerce platform Singapore niche segmentation will explode. Starting to design specialized digital marketing agency Singapore sites that present a particular type of jewelry or appeal to a broader audience is critical.
#2: Smart home accessories and products
Despite the increase in demand for smart devices, there are few online shops that offer them. At least 40% of millennials in the United States used a smart home speaker in the previous year. This is one of the cutting-edge eCommerce platform Singapore concepts that will grow to 50% by 2020. It’s time to start thinking about your internet presence in this fascinating sector.
#3 Store for AR/VR headsets, apps, and accessories
It’s terrible that Augmented / Virtual Reality (AR/VR) has taken so long to reach the general public. However, following early user acceptance, demand has increased significantly. This implies that more businesses will invest in and create AR/VR applications in the next months since VR/AR revenues are expected to exceed $108 billion by the end of 2022. This niche gives you the opportunity to be an early supporter of an innovative technology that will soon become a major eCommerce platform Singapore player.
#4 Niche examples of vape hardware, flavors, and liquids
As vaping becomes a more popular pastime, the vaping industry is quickly becoming a very profitable business opportunity. Despite the fact that hundreds of vaping-focused digital marketing agency Singapore shops exist, there is still a need in the market for companies that cater specifically to local communities.
#5 Online learning platforms
Before you remark, “There are already numerous education portals accessible…”, bear in mind that where there is a need, there are no limits or limitations on the entrance. Online learning platforms are constantly developing, offering a lucrative market for your company. One thing to keep in mind is that a growing number of students will be searching for creative methods to obtain instructional materials. Going into 2021, the field is wide open, and you may choose from a variety of academic, vocational, and other sub-niches. If you’re stuck on ideas, it’s a good idea to speak with some eCommerce platform Singapore experts.
#6 3D Assets stores
Unity, a 3D cross-platform game engine, established its own asset marketplace three years ago. With a rise in the trading of 3D assets for games and AR/VR applications, 3D assets have become a desirable commodity nowadays. The good news is that you can start your own 3D asset shop by using third-party components or (better yet) creating your own. You may sell the assets or charge a monthly or annual fee for them.
#7 Electric scooters, skateboards, and hoverboards
Skateboards and electric scooters have recently become commonplace. This is a fantastic chance to get into a market with a large number of fans looking for high-quality gear and accessories. The logistics of delivering goods from producers to consumers is a significant challenge in this sector.
#8 Online grocery and foods
Vendor connections and a persistent effort to grow the client base are critical to the success of a sector like online groceries. This sector, however, will continue to be a fantastic digital marketing agency Singapore business concept in the future years, given the vast variety of goods and similarly large target market. Local sourcing is a growing trend that helps both your company and the community. You may begin by stocking your shop with only local food and goods. You may opt to scale up the company as earnings grow, making it the most lucrative digital marketing agency Singapore business for yourself.
#9 Niche subscription boxes
The subscription box selling websites have witnessed an 800 percent rise in sales in the past three years alone. Even in regions where established players exist, you have an opportunity to create an impression since consumers seek novelty. Many individuals choose numerous memberships in various areas, and subscription boxes add this element to their life.
#10 Enamel pins
Setting up an enamel pin company in 2021 will be worthwhile if you can connect with a lapel pin maker. Enamel pins created to order are quickly becoming a big industry, and you may specialize in a certain design or serve clients as they enter your shop. They’re also simple to sell on multi-vendor marketplaces.
#11 Selfie drones
Selfie drones are one of the most popular digital marketing agency Singapore items in recent years. The need for this product is increasing with each passing day, from drones that carry goods to farmers who keep a watch on their fields to videographers who capture aerial images. Selfie drones make it simple to take photos from various angles without the need for a selfie stick. The sector is expected to reach $127 billion in revenues by 2020.
#12 Smartwatches
In 2018, the worldwide sales of smartwatches surpassed 141 million units. The smartwatch business nearly reached a staggering $19 billion in sales on a global scale.
This product is expected to generate $53.2 billion in sales worldwide by 2020, according to forecasts. Smartwatches are all about innovation, whether you’re tracking your steps or organizing your day, which is why demand will continue to rise in the next year. It’s fair to assume that this business concept has a lot of promise and maybe your winning product in 2020.
It’s now or never to establish your internet company
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