Due to the coronavirus pandemic, the economy of the world has already seen a path to recession. Many brands, B2B, dropshipping companies, dropshippers are now worried about how they are going to cope with the loss. They are fighting with the supply chain changes and other regulatory changes. One of the biggest challenges that dropshippers have faced is the changed consumer habits. In the USA, taxpayers are being given covid 19 stimulus checks to keep the economy stimulation. These beneficiaries are spending this money on buying products through e-commerce. Further, in this article, you will get to know the top niches of dropshipping products to help you boost your business.
Coronovirus Stimulus Check
In March 2020, the U.S. government endorsed a bill to send Americans covid 19 stimulus check to alleviate the financial crisis brought about by the Covid pandemic. Among different plans, the CARES Act indicated tax rebates of $1,200 per adult and $500 per qualifying youngster. The amount of the refund phases out for salaries above $75,000 each year for people and $150,000 for joint filers.
The second round of $600 covid-19 stimulus checks went in December 2020. Then, in March 2021, the American Rescue Plan Act was agreed upon. It included direct stimulus payments of $1,400 to individuals making $75,000 or less each year.
Top 8 Dropshipping Niches Because Of COVID 19 Stimulus Checks
1. Apparel
Even though apparel sales have slowed back significantly in the hour of the Covid, 17% of respondents actually spent or will spend their covid 19 stimulus checks buying garments. In the era of stay-at-home online shopping, people are more fond of purchasing clothes online.
2. Household Supplies and Personal Care Items
For those hoping to get the household supplies and personal care things they required, the covid stimulus check was a help. As per the Bureau of Labor Statistics study, 47% of members utilized or plan to use their cash for these expenses.
For sure, demand for household cleaners soars in the few months of the pandemic. The need for hand sanitizer spiked by 229.2% and spray sanitizers saw demand increment by 245.2%. Other household cleaners and supplies, similar to toilet papers and tissues, likewise considered enormous to be popular as purchasers hurried to load up.
3. Recreational Items
Products like bicycles and video games gained much popularity in the time of the pandemic. People were locked up in their homes, and every source of entertainment was essential to them. 2.5% of stimulus check receivers said that they would like to spend the money on recreational items. Current Data tells that 5% of the spent stimulus money was used for purchasing video games due to the shutdown of transportation facilities; bicycles are the first choice for the daily commuters.
4. Fitness Equipment
Incapable of going to the gymnasium in many parts of the country, numerous Americans bring the gym home, siphoning up sales of weights, cardio machines, and other exercise types of equipment. Free weights, explicitly, have effectively been hard to get, driving individuals to get imaginative with White Claws or packs of rice. Retail sales of wellness types of equipment rose by 130% in March, contrasted with a year ago, as per the NPD Group. Stacking, an online business data organization, recorded a 307 percent hop in online sales of weight-preparing types of equipment.
5. Tech Products
Last but not least, tech products, the catchall going from chargers and gaming consoles to cell phones and PCs, is never a long way from predominant with regards to online shopping. In 2020, it guaranteed a much shinier seat, given the turn to telecommuting for some across the planet. A customary focus for people now and into 2021 will be the best tech choices for Wi-Fi switches and extenders, monitors, consoles, mice, webcams, and headphones, to give some examples. Work from home will be prevalent for quite a long time, and people are not even thinking twice before spending their covid stimulus checks on tech products.
6. Bathroom Equipment
In numerous homes outside of the U.S., a bidet in the washroom is ordinary. However, here, bidets are discovering newly found love following the toilet paper shortage that denoted the start of the pandemic. Google searches for bidets spiked in mid-March 2020, while organizations that sell bidets encountered a blast in their sales. It can certainly be a productive niche.
7. Skin Care Products
While cosmetics sales keep on declining, healthy skincare items are selling very well. Indeed, toward the beginning of May, skincare products sales outperformed cosmetics sales, according to The New York Times. The flood is because of individuals investing more time at home, yet because of the compulsory mask orders is causing "maskne," or skin issues like acne where people wear the mask.
8. School Supplies
With the need for social distancing and increasing requirements for sanitization, schools have been closed for a long time now. However, students are attending their regular classes online, and school supplies are a great choice to choose as a niche to dropship.
SaleYee Dropshipping Platform
Once you have chosen your niche, you must be looking for a platform that benefits you in all terms. SaleYee dropshipping platform is the best in profitability, warehousing facilities, shipping facilities, and transparency to the dropshippers. The platform has various niches to choose from. Product categories are enormous to select the best product. With saleyee.com, you do not have to worry about your inventory, as SaleYee’s warehousing facilities are excellent.
Conclusion
Across the board, people have their eyes on the online ways of shopping. Stuck in the pandemic, nobody is willing to go out and shop. Searching for the products online and purchasing them has been a great help during the pandemic and it will be the same during the second wave or after the pandemic. Dropshipping is a great business for people who want to earn money during these times and in the coming future.
