Buying and selling online is one of the best ways that you can get started working for yourself. With sites such as eBay and Amazon to sell through, the barrier to entry is very low.
Online shopping is already huge business in the UK and it's only going to get bigger over the next few years. However to have success selling online, you have to find a good niche
Below are 5 of the best niches to sell in right now.
Electronics are more popular now than they've ever been. With the huge surge in popularity of smart phones and tablets over the last 10 years, there is a massive potential customer base to tap into.
Selling high end products, such as iPhones or iPads might not be possible if you're new to buying and selling online. However there are many lower end and unbranded products you can sell and make an excellent profit from.
2. Pet products
There's no doubt that people in the UK love their pets. You can take advantage of this by entering the pet products industry. The great thing about selling pet products is that there's a lot of diversity in the products you can sell.
You can start out selling small accessories for hamster cages or aquariums and then move up to larger items such as dog beds or even horse trailers and horse boxes.
3. Phone accessories
With mobile phones now everywhere, there's a great opportunity to make money by selling accessories such as cases, covers, headphones, screen protectors etc.
Do your research and find out what the most popular phone models are so you can stock products that are most likely to sell.
4. Novelty gifts
The novelty gift market is growing all the time in the UK. The downside to selling in this niche is that it can be quiet fickle, with the popularity of products waning very quickly.
The flipside to this though, is that you can make plenty of money very quickly providing you have your finger on the pulse and know what it is that people are looking for.
5. Arts & crafts
Art and craft products are an excellent way to start making money selling online. Sites like YouTube and Pinterest have helped to spike a resurgence in the popularity of many types of arts and crafts so there's never been a better time to start selling products in this niche.