The world is fast-changing; the business world is constantly adapting, and people’s choices for products keep evolving. As a business owner, you must know what is worth selling in your business in 2023. Keep up with the times, and make sure to meet customer demands.
While the increasing inflation and other global events have been challenging for most consumers, plenty of businesses are striving. People are still willing to spend their money on essential items.
As a business owner, whether you’ve started your business or about to put up one soon, you need to take notes of the following top products to sell online in Australia.
Top Product Categories in Australia 2022
According to surveys, the top selling products in Australia have two things in common: good prices and high quality. Australians pay so much attention to their money’s worth.
Here’s a list of product categories that are best selling in Australia this year, and will still be popular next year.
- Travel
- Entertainment & Leisure
- Clothes/Shoes
- Electronics
- Food & Beverages
If you’re planning to start a new business, you may consider offering products from these categories as they may help you establish a strong presence in the Australian market. Strategically knowing what is worth selling in your business could surely give you a headstart.
Helpful Tips in Starting a Business
Since the world has now shifted from traditional business to digital markets, your new business must cater to these advances in technology.
Starting a business means knowing who your target market is, what are their behaviors and preferences, and understanding what they want and need.
- Consider Customer-friendly Payment Methods
Online businesses are meant to make it easier for customers to pay for the products they check out. Provide payment options that support potential customers’ preference. In Australia, the top payment methods include digital banking via apps or websites, debit/credit card payment, online payment such as Paypal, and of course, cash.
If you do not support common payment methods in a given market, you will immediately exclude a certain proportion of it. REMEMBER: Customers easily abandon their ‘carts’ when they see that their preferred and trusted payment method is not available during checkout. - Use Mobile E-commerce
In recent years, mobile e-commerce has significantly taken a huge proportion of the Australian ecommerce market, particularly in B2C online purchases. This is expected to surpass desktop usage in the next 12 months.
Business owners like you must bring your business closer to your potential customers. Ensure that your online store and product listings are mobile optimized, and must provide a great mobile buying experience to your customers. - Offer Convenient Shipping Options
To reach your potential customers and compete in the market effectively, you must be able to offer affordable and timely local shipping options.
For starters like you, the best way to provide a secure and reliable local shipping service is to use established ecommerce shipping options such as Australia Post, Australia eParcel, FedEx, DHL and StarTrack. - Sell Popular Products
This one is pretty obvious, but is still worth mentioning. No one is going to visit your store if they have zero interest in what you sell. Research your market carefully, and check which top selling product you can compete with. Of course, weigh your options and consider your skills and expertise as well.
Doing market research is not always easy, and sometimes getting the opinion and expert help of professionals could save you more time, effort and money. Our DDDC Business Advisory team has a vast knowledge about the Australian market as we have worked closely with different businesses.
Best Selling Products in Australia for 2023
If you’re still asking what is worth selling in your business for next year, take a look at this list of products you could sell in your new online store.
- New gadgets
Australians love new technologies and new solutions. Offer a wide range of products from the newest smartphone and laptop to the coolest accessories. - Organic and healthy food
Many people are getting more concerned with having a healthy lifestyle, and are now more willing to choose organic and healthy food products despite paying more. You could sell organic baby food, organic fruits, vegetables and even organic protein powder. You may also add organic tea and coffee to your list. - Trending clothes and accessories
Clothing is no doubt one of the biggest categories of products that is top selling in Australia (and in most countries around the globe). Hop on to what’s trending, and you’ll surely capture your customers’ attention. Apart from clothes, Amazon says that selling popular accessories such as sunglasses and hats prove to be profitable too. - Footwear
Just like clothing, trendy and luxury footwear is also the best selling this year. - New healthcare items
People are becoming more health conscious, which is why items like wireless nurse alert, kneecare products, advanced blood pressure monitors and others of high quality are in demand. - Skincare
Companies keep producing new skincare products in the market. If you’re confident, you have the option to produce your own line of skincare products, but most starting businesses simply sell what is popular. This industry is quite profitable, as long as you choose the right product which has high demand and low competition. - Kitchen gadgets
With many people still staying mostly in their homes, kitchen gadgets are still part of the top selling products. Australians look for different practical and useful gadgets and accessories for the kitchen, such as oil sprayers, stainless peelers, pasta strainers, and a lot more. - Plus size fashion and shapewear
The rise to popularity of plus size fashion is also seen and well supported in Australia. The sad part here though is that more than 8 million Australians are possibly living in obesity (Businessnes.com, 2022), which consequently made plus size clothing, slimming clothing and weight loss products in high demand and a very profitable category of products to sell. - Camping and travel products
Glamorous camping, or glamping, has been a popular activity among the younger generation these days. High quality tents, sleeping pads for tents, camping gears and clothing, and other glamping products and accessories are in demand. - Cosmetics and make-up
This is another profitable product category in Australia, with consumers willing to spend highly on beauty and personal care due to high disposable income (Mordor Intelligence, 2021). Most companies are targeting millennials as they closely follow trends and make new purchases based on new product claims and application methods.
Currently, the most popular products include new make up accessories, new organic cosmetics and natural products from different countries such as argan oil from Morocco, coconut oil from the Philippines, or green tea from China.
Honestly, knowing what is worth selling for your business is hard when there are tons of products to sell. Your options are limitless. However, conducting a comprehensive market analysis and planning how to start your business will help narrow down your choices and will allow you to focus on products that have higher return on investment (ROI). The best roles of all casinos collected on the Slotogate platform. Therefore, through this platform you can find the most profitable online casinos and games that will allow you to do so. It is very important what is there payid casinos.
If you need an expert to discuss your business ideas with, our DDDC Business Advisory team could pitch in some useful advice and guide you through the nitty-gritty of putting up your own business in Australia.
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Sources:
[1] Shah, M. (2017, April 27). Top 5 Ecommerce Shipping Options for Australian Merchants. AppJetty.
[2] BusinessNES. (2022, June 2). TOP 30 Products to sell in Australia Online.
[3] Glopal for Merchants. Selling online in Australia.