Top 15 Business Ideas for 2018

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Today, anyone with some entrepreneurial interest can start an online business. You can choose from various business models and revenue models. Also, you can conveniently find best-selling products by checking trending items on top e-commerce sites.

However, before jumping into conclusion on which business model and products to sell, it’s important to understand that it requires some research and experiment to find a niche that’s profitable in both the short and the long terms.

Based on a study conducted by Oberlo, top business ideas in 2018 include:

 

1. Selfie Drones

It’s expected that 600,000 drones will be used by 2018 and the industry will grow to $127 billion by 2020.

2. High Intensity Interval Training (HIIT) Equipment

HIIT workouts are very popular in the fitness domain recently. As expected, fitness and weight loss niches will remain to be popular throughout the years.

3. Smartwatches

In 2018, a total of 141 million units of smartwatches are expected to be sold totaling $19 billion worldwide. In 2019, the total revenue is forecasted to grow to $53.2 billion.

4. Mirrorless Camera

Mirrorless cameras are basically cameras that don’t come with a reflex mirror, which is a critical component of the DSLR cameras. In a DSLR camera, the mirror reflects the light up to the optical viewfinder. However, in the mirrorless cameras, an optical viewfinder isn’t included. They are also known as digital cameras with interchangeable lenses or ILCs.

5. Dash Cams

Dash cam videos are now accepted as insurance evidence in claims. Thus, many cars now use dash cams to reduce insurance premium. By 2020, the dash cam video industry is forecasted to reach $4.03 billion.

6. Wireless Earphones

Today, wireless headphones that use Bluetooth and wifi technologies cover 31% of the market share. It’s expected to grow to $15.8 billion by 2025.

7. Matcha Tea

Green tea is very popular recently, thanks to health and fitness lifestyle. Along with strong tea demand is a good market for tea accessories, like pots, cups, and whisks.

8. Beard Oil

The men grooming industry is skyrocketing as well with $6 billion in annual sales annually. With approximately 40% American men have beards, there is still room for businesses selling beard oils and other grooming products.

9. Phone Case

The phone accessories industry is expected to grow to $121.72 billion by 2025. And with so many favorite phone brands and types, phone accessories will always be in high demand.

10. Power Bank

A power bank is a mobile charger that is used as a backup source of power for mobile phone users. By 2022, the market for this gadget is expected to reach $25.16 billion.

11. Mesh Apparel

According to Google Trends, mesh dresses have been a trending product that is popular among women between 18 to 34 years old. All kinds of fashion products are likely to be trending from time to time, so expect to see fashion items as strong business ideas.

12. Enamel Pins

In the recent years, enamel pins have been so popular without any sign of stopping. These accessories are affordable and can easily be pinned onto a piece of clothing for unique styles.

13. Men’s Backpacks/Drawstring Bag/Women’s Handbags/Women’s Backpacks

Men’s and women’s bags and backpacks are always in high demand, and new styles continue to be trending. Influencer marketing is an excellent way to promote these items and back-to-school is good timing to capitalize this trend.

14. Cateye Sunglasses

The sunglass market is enormous with over 3.5 billion pairs are sold every year. As today’s sunglasses trend is “the cateye,” you can expect to sell a lot of pairs. However, when the fashion trend has turned, you can expect to sell sunglasses of other trending styles.

15. Workwear

All kinds of workwear, ranging from safety goggles, security jackets, safety helmets, scrubs, and safety shoes will always be in high demand. And they’re also often sold in large quantities for multiple teams and groups.

In conclusion, business ideas are everywhere. With analytics tools and top-selling information from large e-commerce stores, you can find plenty of product-to-sell ideas.

About the Author

Jennifer Xue is an award-winning author, columnist, and serial entrepreneur based in Northern California. She is also a digital strategist for several e-commerce and app companies. Her byline has appeared in Forbes, Fortune, Esquire, Cosmopolitan, Business.com, Business2Community, Addicted2Success, Good Men Project, Positively Positive, and others. Her blog is JenniferXue.com.

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