Venturing into the world of e-commerce is no small feat. The industry as we know it has only been around for the last three decades, which may seem like a lifetime for some. But in comparison to the centuries-long industry of brick-and-mortar retailers, it is still in its infancy.
Despite their significant age difference, they both have something in common – trends.
Like brick and mortar, e-commerce has demonstrated that certain types of retailers do better than others. And in some cases, the types of trending retailers evolve as other industries change their trends.
When choosing to run an e-commerce business, you must ensure its success by knowing if your product is desirable. That’s why we are here to share with you the most profitable e-commerce business types in 2022. All the data gathered here is from Statista unless otherwise stated.
Consumer Electronics
We are living in the digital age. From cars to even our refrigerators, everything has become a state-of-the-art piece of technology. And online sales show that this is in demand. Across the board, consumer electronics are the number one selling item. Top electronic companies include Amazon, Walmart, and Apple. Many sources indicate phones are the top-selling item in electronics.
Clothing and Fashion
Closely following electronics is the online clothing and fashion industry. Some of the top retailers include Shein, Coupang, and Zara. Fashion Innovation reports that the industry has a value equivalent to three trillion dollars. The industry did take a hit during the pandemic. But they were not alone, and so did many other industries. Currently, they are making a significant financial comeback.
Beauty
Beauty is an ever-evolving industry full of new and innovative takes on what is in style and best for consumers. In 2021, the entire beauty industry made 511,000,000,000 globally, according to an article written by Reilly Roberts for Common Thread. The top companies in the beauty industry are Bath and Body Works and Sephora.
Kids Toys
Kids are some of the top product consumers because children’s toys are one of the most profitable online businesses. The industry as a whole made over 28,000, 000 dollars last year, according to NPD. Amazon is cited by various sources as the number one retailer for these products.
Pet Products
Our four-legged pals also take rank when it comes to the most profitable e-commerce businesses. Whether it is food, collars, toys, or clothing, pet products are taking the e-commerce world by storm. The top online pet product companies are Chewy, PetSmart, and Petco. According to the e-commerce giant, Amazon, one of their top-selling pet product is waste bags.
Overflo is Your E-commerce Business Partner
Are you starting one of these many profitable e-commerce businesses? Let Overflo help you with all of your warehousing and logistics needs, such as order fulfillment, distribution, and much more. We have decades of experience in this industry, and we want to share our expertise with you. Our team is here to help every business, from small local retailers to Fortune 500 Companies reach their goals!
Contact Overflo today for a free rate quote.