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Having established some definitions, history, and importance of E-commerce, let us now explore 7 of the most lucrative E-commerce niches.

A niche in the context of E-commerce and business would mean a field or fraction of any given market that may be slept on or underrated or even passed over by other organizations. It is essentially an angle to business that gives you the advantage over the competition. When you do discover that niche, you not only save yourself the hassle of competing with the hotshots, you set yourself up for profiting from a fresh angle and an untapped source. Discovering the right e-commerce niche from everything out there might not necessarily be a walk in the park. That’s why we’ve done the research to bring to your knowledge 7 of the most lucrative e-commerce niches.

Niches could include eco-friendly products and solutions, beauty products, gadgets, DIY materials, utensils, and home appliances, crafted/handmade items, thrifts and so much more. Most brand new inventions and creations stem from the chain of thoughts created by the need to find a new angle. A fresh perspective. A niche.

1. Home and Office Equipment: Working from the comfort of one's home has been on a steady rise for years, even before the emergence of an earth-shattering pandemic. Do you want to know the figures for current stay-at-home workers? 70 percent! What this means is that the demand for equipment and technology is still on the steep rise. This will only continue because current regulations and guidelines suggest that most companies and organizations will explore the possibilities of keeping 75% of their staff at home, even when the Coronavirus is brought under control.  Options to focus on in this context include hardware and software, machinery and electronics as well as furniture.

2. Online Education: This e-commerce niche has grown in leaps and bounds in recent years. Technological advancements and the effects of a global pandemic have only stroked these flames. More and more people seek further education and restricted movements have led to an increase in online learning solutions. This makes it a perfect sector to explore, build and invest in. Examining existing online learning platforms might just be what you need to spark ideas of your own. You could come up with your very own online course.

3. Entertainment: The year 2020, in particular, became noted for, among other things, being the year that the most video content was consumed in recent memory, with most streaming services reporting landmark sales and subscriptions nearing the 1 billion mark because of restricted movement and movie-watching at home. Even non-digital entertainment markets have seen growth because more and more older people are playing more and more board and puzzle games, as well as arts and crafts. A good way to take advantage of this would be to factor in the ease of accessing some of the above-mentioned niches, for example, selling Internet data at a subsidized rate to facilitate more movie and music subscriptions.

4. Food and Drinks: It's no gainsaying that since more and more people have been forced to remain at home in recent times, the demand for food, drinks, kitchen and cooking products have risen. This is an area that has been explored deeper in recent times but earning a part in the profits of this niche will require you to incorporate timeliness into the delivery of services, because of the nature of the commodities and their intended purposes. Online vendor services, mobile restaurants, and home deliveries are sectors to exploit.

5. ReCommerce: This is a concept used to describe selling items be it new, used, or old. The most popular e-commerce goods include clothing, electronics, jewelry, and other accessories. This business has thrived particularly in third world countries over the past 5 years, with most individuals content with buying used products shipped from overseas. Excellent ideas under this include thrifts shops for clothing and electronic stores for phones and video game consoles.

6. Health and Wellness: For most people, living healthy and leading exemplary lives still top 2022 New Year's Resolutions. This makes it easy to see why there is a burgeoning market for this niche. It is however a bug sector as it is, creativity is therefore needed as the only chance to stand out is to offer a fresh perspective on services and products. There's still plenty of room for new ideas.

7. Accessories for Phones: This niche is separated into different sub-niches. The idea is to have the next generation in mind and offer products that may not have been available 3,4,5 years ago. In this era of internet sustainability and TikTok, ring lights and other DIY home studio setup, magnetic chargers and tripods are great commodities for modern-day influencers.

Creativity and an eye for spotting problems and thinking up solutions all add up to the steps involved in identifying your niche. There are so many to choose from. There’s an audience for anything you can think of. Being original doesn’t have an expiry date, after all.