Picking a niche is always the first step in building a successful business because it will serve as its foundation. A niche will help you build and target an audience and dictate how to implement your marketing and content strategies.
But, picking the best products to sell on Shopify isn’t always easy. It depends on many factors like the economy, your target market, and your capabilities.
It’s a big step to make and it’s important that you choose the right niche that you can handle. That’s why I recommend dropshipping recession-proof niches this 2023. In this blog, I’ll discuss what has changed and why the best Shopify products to focus on this year belong in recession-proof niches.
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Why Recession-Proof Niches?
The World Bank forecasted a global recession this 2023. They stated that the growth levels this 2023 are on the brink of recession in many countries due to many major economic situations, like the increase in bank rates and more.
At the same time, there are changes in the following economic factors:
This means that people have less money to spend on whatever they like to buy. That’s why I recommend going for recession-proof products that will sell well despite changes in the economy this 2023.
10 Best Recession-Proof Shopify Products
Here are the top Shopify products that will perform well even during a recession.
1. Nursery Room Furniture
Parents will never skip on baby supplies. They’ll want to take care of their child no matter what. Because of this, baby products continue to have a steady demand in the market as a whole. One of the most widely used products or in-demand niches is nursery room furniture.
According to GrandViewResearch, the global market size for kids' furniture, which includes different nursery room furniture items, was valued at about $38.8 billion in 2021. They also stated that it’s expected to annually grow by 18.9% from 2022 to 2030.
There’s a lot of potentials you can tap into. Some of the best products to sell in Shopify under this category include in-demand cribs, shelves, dressers, etc. Rest assured that there’ll always be a potential customer since parents will never want to spend money on their children.
2. Camping Gear
Families will want to spend and prioritize their free time and vacations going camping. This makes sense after all the travel restrictions we had during the COVID-19 pandemic. Also, the camping equipment market size was about $22.2 billion in 2022 and is expected to grow by 7.7% until 2023.
Aside from this, people really do just love to travel and spend time outdoors no matter what season it is. With this, you can dropship Shopify best selling products like sleeping bags, portable stoves, tents, pots and pans, and other things that one might need when camping.
3. Automotive Parts
With increasing inflation and the world on the brink of recession, people will treat their vehicles more delicately. Spending money to get a new car wouldn’t be ideal for many people, especially office workers who require a working vehicle to get to work.
According to Statista, global car sales went down from 66.7 million units in 2021 to 66.1 million in 2022. If people have been spending money on cars recently, it’s for repairs, maintenance, and for used cars. People are more likely to spend on buying replacements than buying a new car.
You’d want to target this market and get them to buy from your store. Some of the Shopify best-selling products for this niche include brake pads, springs, rearview mirrors, springs, carburetors, and more.
4. Power Washers
During a recession, there are many instances of people getting pay cuts, losing their jobs, getting no bonuses, etc. To get around it, many people look for side hustles, like offering local cleaning services. To accommodate this market, you can dropship high-quality power washers from different brands, and sizes, with different features, build, and more.
5. Alternative Energy
According to a 2021 report, about 80% of consumers care about the use of renewable energy. Aside from their concern about the environment, they care about their financial situations. Renewable energy can be used as alternative energy so people can save money on energy consumption.
More people want to save energy now so they cut their energy bills and save money. In doing so, they’re looking into using alternative energy. You can target this market and drop ship the best Shopify products like a wide range of solar panel options, including portable ones, in different sizes, and many more. You can also look for other energy-saving products that they can use for alternative energy and make a profit with that.
Aside from renewable energy, people all around the world are now interested in growing their own food, especially after the lockdown during the pandemic. People spend less on groceries and have more fun when they invest time and effort into growing their own food.
One of the best ways to grow food at home is through hydroponics, especially if you lack space. Hydroponics is gardening without soil but with the use of a water-based nutrient solution. Its global market size was valued at $2.1 billion in 2020 and is expected to experience a CAGR of 20.7% from 2021 to 2028.
This is a good market to enter and the products sell well nowadays, especially since many people are looking for new things to do at home.
7. Pizza Ovens
Many families, or groups of friends, are now looking for ways to spend time with their families while having fun. Because of this, many of them are leaning towards cooking food at home more often. Also, recession and inflation result in less dine outs for many people.
If you want to drop ship pizza ovens, your target should be the upper middle class. Aside from less dining out, they can also afford to purchase such appliances. Since pizza is one of the most loved snacks in many places around the world, dropshipping pizza ovens they can use to cook one for the family would be a good idea.
8. Bounce Houses
Inflatable products make everything more fun and cooler, and families are buying more of them to enjoy at home. In fact, the global market size for inflatable outdoor products was valued at about $3.9 billion in 2018 and is expected to reach up to $9.9 billion by 2023.
One of the best inflatable and best Shopify products you can drop ship is a bounce house. It can be used by kids and adults alike so they can enjoy it together. You can sell bounce houses in different sizes, colors, designs, and many more.
CiviScience data shows that about 88% of adults in the US have a hobby of some kind and about 62% of them reported spending money on those hobbies. This is true for people with hobbies, they’re almost always willing to spend money to indulge themselves in their hobbies. One of the most common hobbies is looking at the stars and observing the sky.
There are a lot of people who love astronomy. Kids and adults alike love using telescopes to do that so you can expect that people are likely to purchase telescopes either as gifts or for their personal use. You can drop ship different types of telescopes, in different sizes, with different features, and many more.
10. Adjustable Beds
Health is wealth, and so many people are investing in products that will help them with their health problems, like these adjustable beds. This is one of the best Shopify dropshipping products because there are different groups of people who purchase this. This includes people who suffer from lack of sleep due to back pain, those who work from home and night shifts, and many more.
Moreover, according to GrandViewResearch, the global market size for adjustable beds and mattresses is predicted to reach about $13.34 billion by 2030.
Best Shopify Products: What To Do With Your Niches
Since picking a good niche will ensure a good foundation for your dropshipping business, you’d want to consider the changes in the economy when deciding the best Shopify products to sell. That’s why we recommend these recession-proof Shopify dropshipping products:
- Nursery Room Furniture
- Camping Gear
- Automotive Parts
- Power Washers
- Alternative Energy
- Pizza Ovens
- Bounce Houses
- Adjustable Beds
Choose the one you prefer the most and start a recession-proof dropshipping business today.