And just like that, we are almost halfway through 2024.
If your Christmas decorations are still up, then you need to have a cold, hard look in the mirror!
But enough about the past. It’s time to look to the future and ensure it’s a profitable one for your business.
And to do that, you need the perfect products.
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.
Short on time? Here are the top 8 trending products to sell in 2024
- Pet accessories
- Baby necessities
- Low-cost home comforts
- Hybrid work attire
- Outdoor leisure
- Carcare
- Plant-based products
- DIY tools
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 continues 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.
With people cutting unnecessary costs like a new boat, there’s more of an emphasis on home comforts that don’t break the bank.
This could be board games instead of sporting events, cooking kits instead of four-star restaurants, or cozy plush pillows for a Friends marathon instead of going out to the movies.
Don’t Skip: How to Come Up with New Product Ideas (That Don’t Suck)
4. Back to the office in style
With more and more companies requiring employees to head back to the office at least in some capacity, the era of full-time work from home may have ended or at least been placed on pause.
And with that shift in people’s daily routine, there has also been a shift in what clothes and work-based accessories are getting purchased.
Gone are the purchases of joggers, thick hoodies, and home office accessories, replaced by commuter backpacks, smart jeans, and travel mugs.
Those early mornings just hit differently after working in your pajamas for four years!
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 are looking to save extra dollars wherever they can. If your product helps save them time or money in the planning process, you’ll see sales racking up in your Shopify store.
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.
8. Putting up a shelf? Do it yourself
With high prices (for products and services) not leaving us any time soon and wages seemingly not catching up to bridge the gap, many of us are searching for ways to save money where we can and keep our savings accounts looking healthy.
One way that many people save money is by holding off on ‘getting a man in’ to do maintenance work around the house, instead investing in the tools required, slapping on a YouTube guide, and getting to work themselves.
Don’t get me wrong, I’m not suggesting potential customers are building their own extensions, but they are giving shelves and other little jobs a go, and you can provide them with the tools they need to succeed.
Keep Learning: What Can I Sell Online To Make Money
Still Searching for the Perfect Product? Here’s 500 More Ideas
Trying to think of brilliant product ideas can sometimes feel like pulling teeth.
Heck, even thinking of one can be hard, let alone a whole brand’s worth!
So why not cut out all the hard yards and painstaking hours and get a custom ecommerce success path for $1?
Over the past ten years, we’ve guided 25,000+ entrepreneurs towards success. Now, we bring you the ultimate guide: the most sellable products of 2024, handpicked for you based on our proven criteria.
