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Happy Sunday,
This week we’re getting into one of the lasting trends catalyzed from the pandemic. As more people have adapted to new lifestyles and habits formed during the pandemic, the demand for this trend has only increased.
Now let’s get into it…
This weeks exploding idea: Organization Products
New business ideas: 3 Organization Product businesses you can start
👉Want access to the Ideas Database? Click here (link).
Read time: 1 min 41 sec
Exploding Idea: Organization Products
The popularity of organizing products is surging due to several key factors reshaping how people view and interact with their home environments.
Organizing products help individuals arrange, store, and manage their belongings more efficiently and aesthetically. These products span a wide range of items, including bins, baskets, shelving units, and closet systems, each tailored to specific needs and spaces within a home or office.
In addition to the practical benefits, organizing products also cater to the growing desire for aesthetically pleasing and well-maintained spaces. Decorative trays, stylish wall hooks, and elegantly designed storage boxes not only keep items in place but also add to the overall decor. Inspiration accounts on Instagram and TikTok are helping fuel this aspirational trend.
Why Now?
Organizing products are experiencing a surge in popularity due to a combination of psychological, economic, and social factors:
Mental Health Awareness: Organized, clutter-free spaces are recommended by mental health professionals to provide a sense of control and calm, increasing demand for products that facilitate a relaxed state.
Economic Factors: High interest rates have made it more challenging for people to buy new homes, leading many to invest in enhancing their current living spaces instead.
Remote Work: The shift to remote work, catalyzed by the pandemic, has highlighted the importance of effective organization.
Social Media Influence: Platforms like Instagram, Pinterest, and TikTok are filled with influencers and content creators showcasing beautifully organized homes.
The Opportunity
The home organization industry is outdated, with companies like Container Store and Target relying on low-cost, no-frills products. While these strategies have helped them achieve scale in the past, they are no longer effective in the current market.
Increased competition from suppliers on Amazon and other retailers has made the mid and lower end of the market extremely competitive. Container Store's recent stock underperformance highlights their struggle to adapt to changing market needs, presenting an opportunity for an innovative, internet-native organizing business.
Two main opportunities exist in this market: going high-end and going unique.
The high-end approach involves creating unique, high-quality products not currently seen in the market, similar to how Nike charges a premium for innovative designs.
The unique approach focuses on investing in unconventional products that can gain momentum on social media platforms like TikTok. This more speculative strategy relies on creating viral products, allowing the brand to stay ahead while competitors try to catch up.
Learn how to monetize this trend in the Deep Dive (link here)
What did you think of this idea? |
Business Idea #1
Business Name: Elite Home Organizers
Industry: Home Organization and Storage Solutions
Problem: The market is saturated with low-cost, generic products that do not meet the rising demand for unique, high-quality organization solutions.
Solution: Elite Home Organizers offers a premium line of innovative and stylish home organization products that cater to the modern consumer's desire for both functionality and aesthetics. The product range includes high-end storage bins made from faux leather, elegantly designed shelving units, and decorative trays that enhance the visual appeal of any space.
Business Idea #2
Business Name: Influencer Organize & Style Drops
Industry: Home Organization and Storage Solutions
Problem: Homeowners and renters are increasingly looking for unique, stylish, and functional home organization products but there’s no great internet native brands.
Solution: Partner with popular home organization influencers to create exclusive, limited-edition product drops. Each drop features unique, high-quality items such as designer storage bins, aesthetically pleasing shelving units, and decorative trays that blend functionality with style.
Business Idea #3
Business Name: ViralHome Organizers
Industry: Home Organization and Storage Solutions
Problem: Traditional retailers often offer uninspired, generic items that do not meet the modern demand for both functionality and aesthetic appeal. Consumers are heavily influenced by viral trends on social media platforms like TikTok.
Solution: ViralHome Organizers focuses on creating innovative, trend-setting home organization products specifically designed to go viral on TikTok. The product line includes creatively designed storage solutions, such as modular shelving units with customizable features, multi-functional furniture pieces, and aesthetically pleasing organizers that double as decorative items.