If you are considering a new e-commerce store, then you are probably looking for the hottest e-commerce industries. After all, you want to ensure that your online store is a success.
The reality is that the coronavirus pandemic showed that more and more people are prepared to buy online. In fact, even some people who never purchased online before started doing so after the COVID-19.
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However, as you can imagine, there are some industries that are better than others. While an online store always has risks, by creating your store in one of these hottest e-commerce industries, your chances of succeeding are higher.
What Are People Buying Online?
When you are thinking about starting your own e-commerce store, it’s good to have an idea about what people are actually buying online.
According to research reported by Medium, consumers still prefer to purchase durable goods such as fashion-related products, furniture and décor, and event tickets. over consumables such as food and drink, flowers, and pet food and supplies.
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5 Hottest E-Commerce Industries In 2020
#1: Fashion And Apparel:
More than ever, one of the hottest e-commerce industries is without any question fashion and apparel. This sector includes fashion brands and items including clothing, shoes, and accessories.
Since shoppers are always on the lookout for the latest trends, now could be the perfect time to launch your very own fashion brand.
#2: Beauty And Personal Care:
This sector includes online retailers that sell make-up and hair care items, as well as personal care and even personal hygiene products.
One of the best things about this industry is that it has been growing all over the world. However, they are especially popular in countries like India, China, Poland, Germany, and South Korea.
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#3: Entertainment:
More than ever, people are looking for entertainment online. No matter if they are looking for more options, compare prices, or any other, this is one of the hottest e-commerce industries in 2020.
This sector includes e-commerce stores that sell music, games, movies, TV series, books, and even stationary.
The rise in this industry has been seen more prominently in countries like Japan, the United Kingdom, South Korea, and Germany.
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#4: Household Goods:
This sector includes a wide range of items such as home accessories, cleaning items, white goods, and even soft furnishings.
The reality is that we are spending more time at home. So, it makes perfect sense that people are looking to add more comfort to their homes.
This is definitely one of the hottest e-commerce industries especially in countries like the United Kingdom, South Korea, Japan, and China.
#5: Electronics:
In case you thought this industry would start to decline, it doesn’t seem to be happening this year. The truth is that the electronics industry is still on the rise.
This sector includes all retailers that supply electronic goods such as home monitoring, alarm systems, smart living products, gaming devices, and personal computers.
This industry seems to be even more popular in some countries. These include Russia, Germany, the United Kingdom, and Brazil.