In this article we take a look at the 10 Best Selling Products Online in 2020. Click to skip ahead and jump to the 5 Best Selling Products Online in 2020.
What are the best selling products online in 2020? Whether you are studying products to sell on your online store or searching for your next best-selling product for your dropship store, this list is for you. The online shopping industry has been evolving intensely, thanks to the ongoing digitalization of modern life, consumers from all around the world are provided with the opportunity to make profits through online transactions. For starters, e-commerce is a commercial transaction conducted online. You buy from an online seller, pay them online, and they will deliver your product to your doorstep. On the other hand, other e-commerce providers offer services too: online course and certification, and task-specific jobs.
According to Oberlo, there are 2.05 billion active online shoppers in 2020. In 2019, world-wide e-commerce transactions climbed up to 3.53 trillion US dollars and are expected to reach 4.2 trillion US dollars by the end of 2020. Many e-retail platforms like Amazon (NASDAQ:AMZN) and eBay (NASDAQ: EBay) are taking advantage of the speedy growth of the online shopping industry by developing easy access website and apps as 50% of successful sales are transacted only via a smartphone. The SPDR S&P 500 ETF Trust (SPY) can give you exposure to Amazon shares. If you'll ask us if this is the best time to search for the 10 best selling products online- yes, we encourage you to build that e-commerce store and start hustling because the online shopping industry is projected to grow to 6.54 trillion US dollars in 2022.
So how did we come up with our top products to sell online in 2020? We gathered the best selling products from e-commerce websites like Shopify (NYSE: SHOP), Oberlo, Amazon, and alike. To give you a more accurate ranking, we used a scoring system through Google Trends. This gives us a detailed value of the most trending item to sell online. A score of 100 is the peak popularity of the item. A value of 50 means that the item is half as popular.
Here is the list of the 10 best selling products Online in 2020:
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10. Shapewear
Score: 50
From sleek bodysuits to comfortable shaping tops and shorts, shapewear has become essential following fitness apparel and accessories. Before, wearing girdles and shapers for women used to be a hassle. Thanks to the developing technology of producing comfy shapewear, it has become a staple with women's daily fit. There's an even bigger demand for lingerie that can be used as shapewear!
9. Exercise mat
Score: 52
With gyms and yoga studios closing down due to Covid-19 protocols, the demand for an exercise or yoga mat has drastically increased. An eco-friendly and non-toxic exercise mat might be your next best selling product in 2020. Although PVC mats hold the largest market in 2018 at 40.3%, the eco-friendly Polyurethane (PU) rubber mats are gaining popularity as it is also non-toxic and can be recycled. This year has opened the consumers' eyes to patronizing sustainability, while the rising popularity of fitness YouTube videos has sparked a trend to be fitter among the millennials.
8. Wearables
Score: 53
For fitness enthusiasts, a wearable is a must. Wearable offers more than just a step counter and heart rate monitor. Today, a smartwatch can measure your v02 max, training status and load, calories burned, even your sleep. Overall, it measures your health. It also acts as a second phone where you can answer calls, read text messages, and email. This is why shipments of smartwatches and wristbands worldwide are projected to exceed 100 million in 2020.
7. Phone cases
Score: 73
If there's one thing that you always carry with you literally wherever you go, it's your smartphone. And to protect your phone, you need a phone case. With the continuous development of smartphones, there is also a continuous demand for reliable phone cases. You buy it to protect your phone in the first place. This makes it essential to your phone. Currently, the market for protective cases is projected to grow at a 6.3% CAGR from the period of 2019 to 2027, starting from 20.53 billion US dollars in 2018. Trendy and quirky designed phone cases also serve the purpose of being an additional fashion accessories. No wonder they are rising in popularity and is one of the most popular product categories out there right now!
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6. Skincare Products
Score: 74
Peel-off masks are a bit of a skincare trend. It's one of the best skincare products to sell online as it is relatively cheap and efficient to apply. With the current data from Keywords Everywhere, the word “peel-off face mask” receives 30,000 searches per month. There are best seller beauty brands by consumer product giants such as Procter & Gamble (NYSE:PG) and Johnson & Johnson (NYSE:JNJ) like Olay and Neutrogena. However, in the skincare category there are some interesting rising trends and newer brands like Amorepacific quickly taking over, as Korean and other Asian products are increasingly becoming popular among beauty enthusiasts. Top 10 Best Cosmetic Companies in the World provides a good picture of the best selling brands in this category.
Click to continue reading and see the 5 Best Selling Products Online in 2020 Disclosure: No positions. 10 Best Selling Products Online in 2020 is originally published on Insider Monkey.
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