Amazon has been a dominating force in the eCommerce world for a number of years, revolutionizing the way we shop. Many have taken advantage of the platform’s success by launching their own eCommerce store on Amazon, but with so many product categories to choose from, it can be hard to decide where to direct your efforts.
In this post, we’ll help you understand the most promising Amazon categories for 2023. We’ll discuss the types of products and categories that are selling well and how you can best capitalize on them all. Whether you’re considering launching a new Amazon store or are looking to expand an existing one, we hope you find this a valuable resource.
First, lets dive into a little bit about how Amazon’s product categories came to be.
In addition to having its own highly-developed eCommerce platform, Amazon has also acquired several other platforms, such as Whole Foods Market and Zappos. With these acquisitions, Amazon is able to offer customers an even wider selection of products and categories.
What are those categories exactly? Amazon offers a wide variety, including books:
In and among so many options, sellers can really capitalize on Amazon’s vast consumer base by finding the right niche for them.
Depending on your exact skin type or the price point you’re looking for, it may be difficult to find beauty and personal care products that suit you. On Amazon, the wide variety of sellers with different specializations bolsters this as a super popular category. If you can find an underserved group of people in beauty, you might just find your niche.
Toys and games is another popular category on Amazon, as it’s an easy way to shop across a wide variety of toys without your kids ever knowing. Shopping in person can be complicated, and your child might want everything they see, so shopping for toys on Amazon gives parents their peace back. And if parents want to surprise their kids, Amazon makes it that much easier. Popular toys & games include action figures, dolls, building blocks sets, board games and more from popular brands like Lego and Hasbro.
When predicting which categories will be the most profitable in 2023; it’s important to consider any upcoming economic impacts that may affect consumer spending habits or purchasing decisions. People will only spend money on essential things if there’s an economic downturn, which could cause toys to be less viable.
Going hand in hand with the consideration above, analyzing customer patterns can be very helpful. It will provide insight into customer preferences; buying habits, seasonality fluctuations, etc. The anticipated economic impact sounds the alarm for you to dive deep in to this data to make sure you stay on top of how consumers are spending their money.
Finally, take note of industry growth that could affect the overall performance of certain Amazon categories. These factors could include:
These could either positively or negatively impact certain industries, depending on if they help production move forward and deliver a quality product that consumers enjoy. For example, new tech could make a product category more helpful if you adopt the new technology. However, if you aren’t able to adapt to the technology, your product might fall by the wayside.