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Top 5 Industries to Start Your Online Business in 2019

A New Year means it’s time for a New You! Start your online business in one of the top trending industries for 2019.

By Rhonda Richardson-Burns

Each year we are given 365 new opportunities and as the New Year arrives we begin reflecting on our lives and careers.  Is this the career path and lifestyle you truly want to have or is this the year you start living the life you have always dreamed of? Assessing our careers and the lifestyle that develops around our career can often leave us dreaming of new possibilities, more freedom – more opportunities to live the life we desire.  Becoming your own boss can change your life and your lifestyle dramatically; providing you opportunities and freedom. Freedom from the 9 to 5 grind; freedom of where and when you work, freedom to prioritize what is most important in your life.
Becoming an online entrepreneur by owning your own ecommerce business provides you the flexibility to work when and where you want to. Like to travel? – work from anywhere in the World. Don’t like to travel? – work from home. Night owl or early bird? You have control over your future, your business and your schedule.
The rise of ecommerce has been one of the best ways to own your own business and it is projected to continue to grow for years to come as shown in the below articles.
  • Mark Walker-Ford of SocialMediaToday.com published a report that states worldwide ecommerce sales will grow from a $2.8 trillion industry to $4.5 trillion industry by 2021 – that’s a 58% growth in just 3 years! Walker-Ford’s report shares an infographic from www.Subscriptionaly.com outlining the future trends that will shape the ecommerce industry.
  • Digital Commerce 360 states that online sales are making gains and are projected to account for 17.0% of all retail sales within the next five years, according to Forrester Research Inc. In their latest report, “Forrester Data: Online Retail Forecast, 2017 to 2022,” Forrester writes that e-commerce will account for 17.0% of retail sales by 2022, up from a projected 12.9% in 2017.
As the above two articles report (plus many more) the future of ecommerce is strong and it will continue to expand globally into more markets and industries. With the ease of ordering from anywhere at any time – from any device ecommerce provides a solution that brick and mortar stores simply cannot offer. In fact, Ann Neal of www.risnews.com in her article “6 Ways Retail Technology is Changing the Future of Online Shopping” reports that over 51% of Americans prefer shopping online. And when it comes to technology Neal’s report reveals that “86 million Americans use their smartphones for online shopping”.
Starting your own ecommerce business and becoming an ecommerce entrepreneur requires finding the industry and niche that you want to serve, which can be a challenge for some. There are so many to choose from that we decided to do some research to help you decide which industry is right for you! Here is our annual list of the Top Five Industry Categories. These categories also represent many niche markets (too many to fully explore) that are all excellent choices for your ecommerce business; so get ready to make 2019 the year you create the life you always dreamed of!

Our Top 5 Online Business Industry Categories are:

(Please note these are in no particular order.)

  • Health, Fitness and Wellness
  • Spirituality
  • Survival
  • Pets
  • Furniture and Home Décor

 

Health, Fitness and Wellness

The health, fitness and wellness category remains one of the top trends in ecommerce! As of September 2018, the wellness industry represents a $3.7 Trillion global economy according to www.marketplace.org and according to Katherine Johnson, senior research fellow at the Global Wellness Institute “It’s huge and growing fast.”
In 2018, the fitness segment in the U.S. alone amounts to $3.463B. While the market is expected to swell with an annual growth rate of 4.3%, reaching $4.1B by 2022. Ecommerce has paved the way for the health, fitness and wellness space to reach an even wider market. While millennials are a huge force when it comes to online health, fitness and wellness spending their money on maintaining a healthy lifestyle. “They indulge in health foods… and according to the Organic Trade Association, “52% of organic consumers are Millennials.” www.entrepreneur.com
Below are just a few of the many niche markets included in health, fitness and the wellness industry:
  • Holistic living
  • Specialty diets/foods – i.e., Gluten free, Dairy free, Organic
  • Convenience Foods/Meals
  • Yoga
  • Exercise
  • Weight loss
  • Nutrition

 

Spirituality

More and more people are striving toward a more balanced life including wellness, lifestyle, and spirituality. Research over the last several decades demonstrates the fact that you cannot separate the mind, body, and spirit in health and healing (www.purebalancehealth.com).  This category has tons of niches that continue to expand as the need for self-discovery, spiritual awareness and personal development continue to grow.
According to www.quora.com Spirituality and the niches it represents are hotter than ever!
Here are just a few niches in the Spirituality category:
  • Personal Development
  • Socially Conscious
  • Astrology
  • Religion
  • Psychics
  • Meditation
  • Natural Health and Healing
  • Essential Oils

 

 Survival

The Survival industry continues to grow and not just over the increasing concern of economic, environmental or infrastructure concerns. There are several other reasons why the survival category has reached such a huge audience worldwide. Television has brought survival to the forefront with reality and experience shows like Survival Live, Man vs. Wild, Homestead Rescue and many more. There are also numerous blogs and forums dedicated to Survivalists, Prepping, Homesteading, and Sustainable Living just to name a few. While it is impossible to pin down one reason, in the article “The Doom Boom: Inside the Survival Industry’s Explosive Growth” from Carly Stec at HubSpot she says, “the rise in prepared living seems to stem from uncertainty….this movement doesn’t seem to be losing steam anytime soon”.
Here are some of the most popular areas in the Survival Industry to explore:
  • Home Defense
  • Prepping/Preparedness
  • Grow your own Food
  • Homesteading
  • Sustainable living
  • Survival Gear

Pets

Pet lovers unite! People love their pets; whether it’s a dog or cat, rabbit or snake. People love to spoil their pets. From home delivery of pet food and treats to pet care services this category continues to expand.  “The pet industry has been experiencing explosive growth. According to The American Pet Products Association, almost 85 million households have a pet and over the last 30 years, pet ownership has gone from 56% to 68% of all households. Forbes discusses “The Biggest Trends in the Pet Industry” and some changes in pet ownership are due to technology and the advent of online purchasing”. They found that millennials and Generation Z consumers have come into adulthood and they are embracing being pet parents and the pet-loving lifestyle to a far greater extent than their elders. They found baby boomers account for 32% of pet ownership, while households headed by younger generations account for 62% of pet ownership.
Some niches in the Pet category are:
  • Food & Treats
    • Organic
    • Fresh
    • Delivered
  • End of life
  • Subscription Services
  • Pet Supplies
  • Personalized Pet products
  • Apparel
  • Pet Health

 

 

Furniture and Home Decor

Staying at home is the new trend. Who would have thought? The busier our lives get the more people want to stay at home and renew themselves. With today’s technology, you can get anything you need online at any time and get it delivered! So why go anywhere? People are more interested in making their homes reflect their own tastes but also for their homes to be places where they can recuperate and relax before hitting the grind again on Monday.
eMarketer reported that, “In 2017, online sales of furniture and home furnishings grew by just over 16 percent and sales soared to nearly $6 billion. That number is expected to exceed $60 billion annually over the next three years”.
In Forrester Research’s article “Online Retail Forecast, 2017 to 2022,” according to Forrester’s senior analyst Susan Wu, “By 2022 housewares will replace computers as the third-largest product category, with almost half of this spending occurring online”.
A few niche categories in Furniture and Home Décor are:
  • Housewares
  • Outdoor Living
  • Vintage
  • Minimalism
  • Nautical
  • Mattresses
  • Pillows

 

As you can see there are many opportunities to start your own online ecommerce business. Research indicates we are shopping less and less at brick-and-mortar stores and more and more online. With the ability to reach a global market the sky is the limit on where you want to take your online business. Reaching a target audience with a large part of the marketplace is key – who does your product/niche appeal to – Gen Z, Centennials, Baby Boomers, Millennials or maybe Generation X?
We have given you our Top 5 Industry Categories and several niches for each (again this is only the surface there are many more niches).  What are you interested in? What opportunity is there for growth? More importantly is 2019 the year you are going to start creating the life you always wanted?
To get ideas and get started, we suggest you take a look at the online business opportunities offered at Pure-Ecommerce that include both ready-made and custom websites. Now is the time to make a plan to become an ecommerce entrepreneur in 2019.
If you have questions about these industries or how to start an online business we would love to hear from you. We invite you to schedule your Introductory Call to discuss any questions you may have about becoming an ecommerce entrepreneur in 2019!

Make a Plan to Become an Ecommerce Entrepreneur in 2019

Set goals, make a plan and how to become an ecommerce entrepreneur in 2019!

Here we are at the beginning of another new year. You are probably like many others who find themselves reflecting on your lives.  Is one of your resolutions to start a business? Have you always dreamed about being your own boss, but not sure how to become an entrepreneur? You may have the desire, but find it difficult to set goals, make a plan to reach those goals, and then actually perform the necessary steps to achieve the goal. That’s why we wanted to share some helpful tips  to become an entrepreneur that may make it somewhat easier for you to set the wheels in motion to make a change, set a goal and create a plan. Specifically, we want to help you chart a new and different course for yourself—one called “entrepreneurship”. Now it’s time to ask yourself these questions…..

What Do You Want?

First, you need to feel strongly that you want to make a change in your life. Maybe you’re tired of working for someone else. Maybe you find that you’re bored with your work and are just simply going through the motions. Maybe you want to feel that you fully own your accomplishments. Maybe you feel that you are not truly being challenged and rewarded. Maybe you are experiencing “wanderlust” and never seem to have enough time to travel.
Now, are you thinking about what you would like to change in your working situation? This could be a long list for you. If you’re coming up with strong feelings for the pieces of your situation that you want to change and reasons why you want to make a change, let this be the year you set goals to change the path you are on—and venture into entrepreneurship! But, spend time to arrive at what you want by researching and studying your options before setting a goal. Don’t be hasty in making a goal–you want to be sure your goal is congruent with what you desire.

 

What Goals Do I Need To Set? 

The next step is setting goals and making resolutions to make it a reality. At this time of year, we hear a lot of talk about “making resolutions.” Well, are resolutions and goals the same thing? Actually, they are not the same. The goal is the bigger picture, for example, “becoming an entrepreneur in 2019″. The resolutions comprise the smaller steps in making the bigger goal an actuality. In the example of becoming an entrepreneur, a resolution might be “researching different entrepreneurial avenues.” The resolutions are much more detailed, are specific, and have measurable timeframes.
Your goals need to be challenging, but realistic. A goal needs to be a bit of a stretch for you, but something that you know you can achieve with effort. When goals are unrealistic and too high, you are more likely to give up. If you really want the goal, make it realistic.
A very important part of getting what you want and achieving your goals is to clearly define and express what you want. You need to get specific with your goals and resolutions. A vague or nebulous goal is not easily achieved and will more than likely be dropped. It has been shown that by writing your goals down you will have a greater chance of achieving them. Putting them on notes and placing them where you can easily see them every day is a way to keep them at the forefront of your mind and intention.

How Do I Create A Plan?

Creating a plan is critical in achieving your goals. You must have action items (resolutions) that break down how you will achieve the goal into timelines and deadlines. In this way, you can measure your progress and accomplishments. You also create habits and routines that support achieving your goal.
Hold yourself accountable in working your plan – this will drive you to work harder. As you perform your resolutions, set systems in place that hold you accountable. Sharing your plan with someone like your spouse, a friend, a coach or mentor provides a support system that will help you in meeting those small steps to the larger goal. Be sure you celebrate when you reach those milestones, this will help drive you forward!

Can I Commit To My Goals?

You have to make a commitment to the goal, as well as, the resolutions all along the way. Without the commitment, you probably won’t meet the goal. Working toward a goal will take self-discipline, time, energy, and action—all of which allow you to stay on track.
Do you think you have an entrepreneurial spirit? If you think you want to create your destiny by becoming an entrepreneur, I encourage you to research to get a clear understanding of what it is to be an entrepreneur. Only then will you know if it is the right fit for you.

Articles to Get You Started

Here are some articles you may find helpful in deciding if you entrepreneurship is you!

Are You Ready To Become An Ecommerce Entrepreneur In 2019!

If you can see entrepreneurship as a great fit for you, start setting your goals to make it happen for yourself in 2019! Now is the time to start changing your life! Make your own destiny! Chart your own course!
To find out what we do at Pure-Ecommerce and how we can help you become an ecommerce entrepreneur in 2019 visit us at www.Pure-Ecommerce.com!

 

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