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8 Ideas For Profitable Ecommerce Niches Right Now

8 Ideas For Profitable Ecommerce Niches Right Now
8 Ideas For Profitable Ecommerce Niches Right Now Image credit: Pexels Choosing an ecommerce niche can be very difficult, but if you can find the right one, it can prove extremely profitable. There are hundreds of potential niches out there and millions of products that you could sell, so you need to commit time and attention to finding one or two to focus on. Prioritization is essential for entrepreneurs. Niche products are easier to market than general products because you can target a very particular group of people with less competition to contend with. You see fewer leads overall, but the vastly-improved conversion rates more than make up for that. Source: ecomdash   Not sure where to start? Here are 8 strong ideas for profitable ecommerce niches that you can use for inspiration. Athleisure wear The word ‘athleisure’ first entered common parlance a few years ago, and it looks set to stick around. Athleisure wear, as the name suggests, encompasses items of clothing that are suitable for both athletic and leisure activities: if you’ve ever been out to brunch in your gym gear, you’ve rocked the athleisure look. Within this category you can sell everything from yoga pants and sports bras to running shoes, all in a wide variety of colors and prints. Athleisure wear interest levels. Source: Google Trends    Millennials are the usual targets for athleisure wear, with a fairly even customer split of 60% women and 40% men. Because the products are centered on fashion, visual channels such as Facebook, Pinterest and especially Instagram are excellent platforms to grow your brand. Buy it for life (BIFL) People are growing tired of buying cheap, low-quality products, and are getting interested in conscious buying — something targeted through buy it for life products. The emphasis here is on high-quality, durable items that aren’t cheap but will last for a long time. As we become aware of the negative impacts of consumerism in our throwaway culture, we are finding ourselves more willing to spend money on things that won’t break within a few months. Source: The Good Human   While the buy it for life niche automatically means fewer return customers and fewer products sold overall, selling premium products offers a better margin. In addition, buy it for life offers the valuable opportunity to build your brand with a great story, which will help you connect with customers and keep them loyal. Night masks Night masks are a good niche to target because they offer a solution to a persistent problem: needing to block out excess light so you can get a better night’s sleep. Night masks can be broken down into three main customer segments: sensitive sleepers, travellers, and beauty fans. This means you can sell related products alongside them, such as relaxing lavender oil, travel pillows, or skin care products, depending on which group you are targeting. Night masks Source: Google Trends    Good sleep is very important for a variety of reasons, and always will be, so this is a niche that isn’t just a passing fad. Shapewear It has been reported that the shapewear market is expected to leap to $5.6 million in sales by 2022, so now is a great time to start establishing your brand within this niche. Shapewear is worn underneath your clothes and creates a sleeker and slimmer silhouette. For many years it has been associated purely with lingerie, but there are now many different cuts and styles that can be worn under everything from cocktail dresses to pairs of jeans and t-shirts. Source: SmartThingz   Shapewear offers you plenty of versatility as a retailer, and can be sold alongside everything from...
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Global Strategy for Success in Any Language

Global Strategy for Success in Any Language
Plan Your Global Strategy for Success in Any Language   Effective marketing materials and strategy play a key role in expanding your business into the global marketplace. Creating compelling text, however, can be a challenge when crossing borders. Marketing translation issues you might never have considered will arise. Direct translations might sound awkward. Clever turns of phrase on the original site might have no impact in a different language. Cultural misunderstandings can cause offense instead of appeal. While entering a new market may seem intimidating at first, this post will guide you through the best practices for translating branded content for new audiences. Language Services Providers Can Sharpen Your Marketing Language service providers (LSPs) are more than simple translation companies. With the rise of global markets, LSPs have expanded their services to include local consulting, business and legal advising, and, yes, global marketing. If you plan on competing internationally, you should consider working with an LSP  from the beginning. With experts in local markets, quality firms can identify issues you might encounter, offer effective design and copy advice, and develop your concepts to resonate locally. By planning in advance, you can also cut down on eventual costs by avoiding the need to redo materials that were not positioned for the future. Key Contributions an LSP Can Make Design and Layout Marketing materials are designed to optimize visual impact as well as content. When you begin to develop material, a basic truth should be considered: not all languages occupy the same amount of space to say the same thing. Consider, for example, the visual difference between German compound nouns and Chinese characters. Each language will need different amounts of space  to convey the same message. An LSP with marketing design experience will understand these nuances. They can advise on basic layout principles while keeping future expansion into other markets in mind. By taking design issues into account early in your process, you will be able to leverage existing materials much more cost-effectively as you continue to expand. Transcreation Versus Translation A simple translation brings words from one language into another. The approach is as literal as possible, with focus on meaning. Transcreation, however, goes beyond basic translation by taking into account the feel of the original text. Issues of tone, style, and context do not always have a carbon copy in different languages. Idiomatic expressions are a great example of the value of transcreation. You can translate the phrase “no use crying over spilt milk” into French, for instance, and perhaps convey a rough meaning through context. But a similar saying in French, “les carrottes sont cuites” – literally “the carrots are cooked”– will express the idea instantly for a French reader with no added context clues necessary. Transcreation can be helpful when it comes to brand and product names or slogans. Any time a word or phrase is meant to be short, pithy, playful, or meaningful, an LSP will be your best bet for recognizing when they won’t work in another language, while offering a successful alternative. Local Marketing for Local Audiences Cross-language barriers are not always just a matter of words. Cultural nuance comes into play as well. What might be commonplace and tame in Western countries can be deemed too racy in more conservative Middle Eastern ones. As noted above, colloquialisms are also culturally based. Not making sense in another language is one thing; creating an inadvertently inappropriate campaign is another matter entirely. Lively, interesting marketing, however, does not need to give in to generic neutral copy. Language professionals with experience in various foreign locales can produce equally compelling text that will have the same impact, regardless...
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10 Ways You Can Make Money From Your Blog

10 Ways You Can Make Money From Your Blog
10 ways you can make money from your blog There are many tools you can use to create information products and sell your products. Let us have a look at what type of information products you can make. 1. Ebooks Creating ebooks is one of the easiest ways to create information products. Ebooks can be simply written in a word doc, exported to a PDF and then you are done. You can collate your top posts and compile them in an ebook and sell them on your blog. You can sell the ebook anywhere from $7 to $25. Courtesy: Become A Blogger 2. Membership sites Membership sites is another way to build information products and create recurring revenue every month. It can be difficult to create membership site but when you create a tribe and establish your brand, then you can create membership sites and create features useful for your readers. Until you have created your own following and established your brand, you can hold off creating a membership site and build your brand. 3. Video courses Video courses are something which everyone can make. You can either create video-based courses or slideshows to create content for students. There are different platforms to create your courses like Thinkific or teachable which allows you to create courses. It is easy to set up courses and create different pricing plans for your courses. Courtesy: Elearninginfographics.com 4. Email coaching Email coaching is another way where you can make money by offering your services by guiding the reader in solving their pain point by coaching them over the series of emails. You can easily coach anyone over email and keep a track of communication over the email. 5. Email courses  Another way to create an info product is to create email courses where you send a series of emails as a paid info product. The biggest downside of an email course can be the student treats an email course as any other email and this can drive down engagements of your course. 6. Blog audits You can do audits or reports and analyse the results of other people’s blogs or content. When you provide such a service, you should detail everything that you will provide to the client. Be specific with what you would provide in return and provide a guarantee on what you provide in doing a blog audit for a blogger. Courtesy: Socialmediatoday 7. Apps or software Creating apps is another way you can create income from your blog. Suppose, you have a food blog or a fitness blog, you can have an app which showcases food recipes or exercises. You can also create a software which can solve a pain point for the custoemr and solve a problem. Another way to make money is by creating a website theme which can sell on your platform and can also be used to build an email list. 8. 1-on-1 coaching Your audience may want to get on a 1-on-1 coaching with you to get more information from you to help them to get better at their business or blog. When you do a one on one coaching, be very specific on what you can offer to your client. if you are doing a session of one-hour coaching where you charge $50 per hour worth of coaching, then make sure you are not providing 3 hours of free content to the reader. You should use a scheduling software setup to keep a track of the time offered by you to your clients. Be specific with what you will offer in your coaching. 9. Ads Ads is a monetization option which is used by...
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Why Trademark Your Startup?

Why Trademark Your Startup?
Why Trademark Your Startup? Trademarking is very essential to new businesses, but first time entrepreneurs are not adept with the nuances of securing a trademark and often do not realize how vulnerable they are when operating a business without one. Why Trademark Your Startup? It helps protect your business identity It protects against others using the same or similar business name or logo It provides solid proof of your legally protected rights Federal trademark registration rights extend nationwide A trademark registration is an asset (it may be licensed or sold). Registering company names and domain names alone does not provide trademark protection. Must-Know IP Law (Patent, Trademark and Copyright) Beware of mimicking a famous brand; most popular iconic brands such as Coke, McDonald’s and Pepsi are protected by the Trademark Dilution Revision Act. Search Google to see if your intended trademark already exists. Reasons why your trademark may be rejected If it is likely to cause confusion, mistakes or deception with a mark already registered If it simply contains a generic name If it primarily describes or deceptive about the geographic origins of goods and services If it is primarily merely a surname If it is deemed immoral, deceptive or scandalous If it falsely suggests a connection with people, institutions, beliefs or national symbols If it uses the portrait, name or signature of any living person without the approval of the person concerned The Federal Trademark Registration Process 1. Select your trademark 2. Hire a Trademark Attorney Registering a trademark is a LEGAL process with many potential trap doors. Hence, it is advised to hire a trademark attorney to guide you through the trademark search and application process. 3. Availability Search Doing a search by yourself may prove to be disastrous. It is likely you are not familiar with what could create a conflict. A trademark search must be comprehensive and complete to rule out any potential legal conflicts. Doing an inadequate research is a major reason many trademark applications are rejected by the government. Do I Need a Lawyer to Register My Trademark? 4. Application Your attorney will draft and file your application with the USPTO (IN USA) OR THE TRADE MARKS REGISTRY (IN INDIA). If approved you will receive a trademark registration certificate and if refused, you will receive a refusal notice. 5. Monitor and Protect It is your responsibility to monitor and enforce your trademark rights. Failure to monitor can cause complete loss of trademark rights (regardless of having federal registration). COPYRIGHT ...
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Let’s Learn the Nuances of Generic Business Strategies

Let’s Learn the Nuances of Generic Business Strategies
Let’s Learn the Nuances of Business Strategy How Do You Define Business Strategy? Business strategy is nothing but a series of decisions that are made by the management of a company in order to obtain or maintain a competitive advantage over a period of time. It shows the overall direction of a company. It is also future focused and contains long-term sustainable goals. For startups, creating business plans can be night marish and hectic, hence this short guide which throws some light on “How to use Powerpoint as an effective tool to showcase your bsuiness plan” to investors in a simple yet appealing manner. A great business strategy will encompass the following characteristics: A clear direction of where the company is going and concrete plans necessary to execute the decisions An unmistakable understanding of the company’s core competencies Will solve the marketplace demands and address real customer needs Will contribute to sustainable competitive advantage Will be properly documented but gives room for future change in accordance with the environment THE THREE BEST GENERIC BUSINESS STRATEGIES 1. COST LEADERSHIP This strategy is followed by market giants like Wal-Mart, McDonald’s, IKEA to name a few wherein, the companies focus on building a large market share by slashing the prices – mush lower than their competitors. Typically, such customers will be less loyal and more price-sensitive. The real challenge is to succeed at offering the lowest price, but still maintain profitability and a high return on investment. The company has to necessarily run a tight ship by controlling its operational costs to improve efficiency. 2. PRODUCT DIFFERENTIATION This strategy requires the company to develop products that are “better than” or “more unique than” its competitors. The main focus is to differentiate itself from its rivals. The differentiation could be in the form of higher-end quality materials, excellent customer service, unique company image or branding, or other customer oriented values. Typically, companies going for this strategy can charge premium pricing since their customers tend to be more loyal and less price-sensitive. 3. MARKET SEGMENTATION This strategy simply focuses on a niche or sub-market to sell your products or services to. This is best suited when you are competing in an overly saturated market. For example the gift basket industry is highly competitive and over saturated. If you choose to enter the field, you might have to choose a product differentiation strategy combined with appropriate market segmentation strategy. Hence you might focus on selling high end products to the wedding market. A Wonderful Infographic from Americanexpress.com that clearly explains what needs to be done to experience an explosive business growth… WHAT TO DO WHEN BUSINESS IS SLOW Write a business plan If you have never written one now is the time to grab a chair and fabricate a really crafty business plan with your mission, vision, values and marketing strategy included. Rebrand Work on your logo, test new colors, change your site layout, breathe some fresh life into your branding strategy. SEND A THANK YOU NOTE TO YOUR CLIENTS FIND NEW VENDORS Read a book Discover guerilla marketing tactics and best keep business secrets by reading Cold Pitch Create a list of prospects using leading networks like LinkedIn and reach out via email Create a lead magnet A lead magnet is an opt-in gift that you offer visitors, whether online or offline to encourage them to be part of your tribe and purchase your product or services. Let’s understand what makes a company innovative? 48% – coming up with new ideas for products and services 33% –  listening to customers 33% – continuing to improve current product 33% – offering a unique product 28% –...
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