2024 is rapidly approaching.
Halloween is a distant memory in the rearview mirror as Mariah Carey starts to blast through the car radio.
It’s only a matter of time until the silky, buttery voice of Buble is upon us.
While many of your customers (and some of your competition) are focusing on the festivities, it’s important that you look a little further into the future and start planning what products you should be promoting in 2024.
Whether you’re an established drop-shipper, a growing brand, or an aspiring entrepreneur, read on to hear about our recommendations for profitable product niches to tackle in 2024.
Short on time? Here are the top 7 trending products to sell in 2024
- Pet accessories
- Baby necessities
- Home comforts
- WFH attire
- Outdoor leisure
- Plant-based products
Trending Products 2024: 7 Profitable Ideas to Consider
Let’s dive into some of the niches you should consider for your brand in 2024.
1. Man’s best friend and income stream
They say that dogs are man’s best friend.
What they don’t tell you is how expensive it is to maintain that friendship.
But as the trend of treating pets like children continue to grow, so too does the opportunity for brands in the pet food and accessories industries.
After all, there’s a reason that the candy giant Mars continues to buy up veterinary clinics across the US.
With pets getting treated more like humans than ever before, the accessory business is booming, with plenty of space for new companies to join the fray.
2. Baby booms = profits booms
While many of us could’ve predicted a potential baby boom from people being confined to their homes for hours on end (come on, there’s only so much banana bread you can bake), enough time has passed for us to see the evidence in the statistics.
And what do more babies mean? More demand for baby products, of course.
And more songs like “Baby Shark.” Not everything can be a positive, I guess.
Some of the products we anticipate will be in high demand next year include prams, cots, smart baby monitors, and other high-quality pieces.
These products are baby staples, and the profit margins are often more rewarding than the highly competitive clothing market.
3. There’s no place like home
Dorothy had it right when she tapped those red heels together and uttered those famous words. There really is no place like home.
Sure, she might’ve been a little on the crazy side, hanging out with a talking scarecrow, a friendly lion, and a man made out of scrap metal, but the sentiment still stands.
As many of us now work from home, at least on a part-time basis, we are also spending more time in our homes.
As a result, many of us are more conscious of home comforts, such as a clean and tidy home, nice furniture and soft furnishings, and home-cooked meals. All of these niches are ripe with opportunity and can help you turn that yellow brick road into a path toward profits in 2024.
4. Keep things comfortable… and professional
Business in the front, party in the back was once a popular phrase used to describe the mullet (which also saw a resurgence this year), but now there’s a new phrase sweeping the nation—business on the top, casual on the bottom.
Okay, so that’s probably the first time that’s been said, but let’s make it happen!
With many of us suffering through hours of video calls each week, it’s important to ensure you look professional while also staying comfortable while working from home.
Due to this, the demand for high-quality comfortwear has soared in recent years and shows no sign of slowing down any time soon.
If you can find a reliable distributor for high-quality comfortwear, you’re on to a winner.
5. Jetting off is trending up
With so many of us spending so much time working and living costs rapidly rising, it has left many with a serious predicament.
What on earth are we supposed to post on our social media channels to make others jealous and show how cool we are?
The combination of the world reopening and people’s desire to explore and learn more about other cultures has culminated in a rise in demand for travel, whether it’s local or abroad.
The demand for travel-related products has also increased, such as beach accessories or travel essentials, creating opportunities for the right business to get a foothold in the market. Plus, active travelers love a gadget to make their adventure easier.
6. Travel in style
However, flying in style isn’t the only form of travel that is set to get a buff in 2024. Continuing the trend of impressing others, many people are also investing more in their automobiles, such as care products, diffusers, and seat covers.
Therefore, 2024 could be the perfect year to switch gears and focus on car-related accessories and products.
7. Plant the seeds of success
Finally, “thinking green” doesn’t have to mean focusing on the dollar bills. It can also refer to plant-related products that help you possess more of the green!
2024 is set to be another strong year for people focusing on their mental health, with plants playing a key role in improving people’s home life and mental well-being.
Plus, products like plant seeds are tiny and easy to deliver, making them the perfect product for anyone with minimal stock space.
Keep Learning: What Can I Sell Online To Make Money
Now You’ve Found Trending Products. Learn How to Source Them Effectively
Finding the perfect product idea is important, but you will struggle to make sales if you don’t know how to get it in from manufacturer to storefront properly.
Fortunately, we’ve created a free product sourcing blueprint course to help you find the right manufacturer for your new product.