[ Note: Want to be a Power Seller? Heres how you can become one]
A survey, by Singapore Polytechnic, showed that 90% of buyers (study respondents) shop online for a wider selection of items and brands. It also revealed that people look for affordable products online. The categories that present the best opportunity to sell products online, we have included in the following list.
Figuring out what to sell online isn’t a tough question. All you need to know is what are the current top performing products to sell online. Based on our research, these are the future of online selling in Singapore -
This is a leading category in the Singaporean online retail market. Data of the overall retail segment shows that -
There is a good scope for consumer electronic products to sell online. These include TVs, stereo systems, laptops, smartphones, and other electronic devices.
The online fashion category is believed to be a fast-growing retail segment in Singapore. It is a primary category in online retail. At the same time, it has multiple products to sell which engage high demand. Based on information of the overall fashion segment -
The best selling products online, in this category with a good scope are shoes, clothes, leather wear and accessories.
Singapore has ranked as a top logistics hub in Asia for 10 years in a row. The overall transport infrastructure development has helped this category flourish. Collective data on this retail segment in Singapore shows that -
Be selective when deciding what to sell online in this category. You will have big competitors to take on like IKEA which makes varied quality furniture that is affordable. So, pay attention to customer behaviour as well for this category.
[ Note: Have many products to sell? Know how you can manage their listings on multiple channels]
4.Hobby and stationary
When it comes to the toys, DIY and hobbies segment, sell products online related to hobbies and stationary. They are the top sellers and according to sources -
Baby products, sports and outdoor goods also do well as products to sell online.
Now that you know which are the best selling products online, you can influence retail demands. Just remember to offer something unique. It will set you apart in the vast ecommerce space and deliver the returns you expect.
What products do you (want) sell online? Let us know your thoughts in the comments below. Do you see your products as the next top category in Singapore online retail?
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