It’s 2020 and the world has no lack of business suggestions for eCommerce stores. It can be hard to tell. And with over 1.92 billion people purchasing things online, an eCommerce store has a lot of potential customers.
So if you are thinking about which eCommerce business ideas are worth a try, keep reading on.
But First — How to Build an Online Store?
Building an online shop has never been easier in this era. All you need is a domain name, website hosting, and some sort of eCommerce site builder. Even if you don’t have any design and coding skills and expertise, you’ll have one up and running in minutes.
That is thanks to what’s known as website builders, also there are plenty of them available. The most popular website builders require no coding or site-building experience. But, they tend to cost a good thing.
8 eCommerce Business Ideas to Try
On top of providing you with a massive customer base, there are plenty of reasons why an eCommerce store is logical. For example, it’s estimated that in 2019, 13.7% of all retail sales will come out of eCommerce sales. Statistics such as these reveal that eCommerce is becoming a major player in the worldwide commerce game.
1. Beauty and Health Products
The beauty and health industries are some of the greatest on earth. Even now, with these online business ideas available, it remains extremely profitable. This notion is especially good for young people with good eCommerce marketing skills. As long as you can communicate the importance of the goods that you’re selling in people’s lifestyles, your odds of success are high.
Check out the most rewarding Amazon merchandise categories.
2. Selling Second Hand Products
People do not mind using second-hand products so long as they are quality products and are in good shape. All you need to do is begin collecting those second-hand pieces, like clothes, jewelry, furniture, and posting them on your eCommerce website. You also need to be certain you are offering them at reasonable prices.
3. Smart Watches
Smart wear is all of the rages nowadays, and folks want more than just analog and digital watches. People today use smartwatches for any number of reasons, such as planning and fitness their entire day. They’ve become so popular that their sales are predicted to reach $53.2 billion in 2019.
4. Smart Home Products
Folks love linking each of their devices so they can speak to one another and anticipate their needs. By way of instance, coming home from work and opening the garage door must indicate the air conditioner to turn on. At the same time, it must signal the smart speaker to perform some relaxing music if you’re stressed.
As you may see, IoT allows you to make a smart house. Despite the potential of IoT and the way folks love this technology, not many men and women are promoting these devices online. In the long run, this is among the best online retailing business ideas of 2019.
5. Online Educational Courses
Some many successful entrepreneurs and teachers have invaluable knowledge to share across the globe. And you can build online shops where these folks can create and sell courses to individuals. Even though there might be a good deal of platforms that sell courses, the requirement is high. There are so many areas, niches, and vocations, that one platform can’t provide all of them. This is your opportunity to provide individuals with educational content not found anywhere else.
6. Selling eBooks
Gone are the days where you had a publisher to start selling books. That is why selling eBooks is one of the very best eCommerce business ideas of 2019. You can write the novels yourself or get someone to ghostwrite them. As long as you can compose something of value to any trending educational subject, you will have an opportunity to sell a fantastic number of copies.
7. Content Writing
Content writing is a valuable service, and it keeps getting more precious as time continues. If you’re proficient at content writing, you can make an online store where you can sell your solutions. (You can even pre-write the material and put it up for sale). Of course, you might want to make yourself more affordable and available at the beginning. But once the business takes off, you can increase your costs and set your occasions.
8. Kids Toys and Games
With video games, tablets and smartphones, it seems that kids do not value traditional toys and games anymore. Nonetheless, this is not true — this can be evidenced by the fact that toy companies continue making them. Kids still play with their dolls and action figures, and there’s a market for them. Begin with a tiny investment to determine which toys are very popular and increase your choice from there.
Some are really worth pursuing and others aren’t. It’s up to the prudent entrepreneur to investigate and find out which ones to attempt, especially in 2020. Have a look at a number of these great eCommerce podcasts for inspirational stories and thoughts.
As you can see, you may sell lots of items online (nearly anything), from health and beauty goods to toys and games for children. Being able to open an online store is one of the wonderful joys and benefits of residing in the internet era, and you stand to make a handsome gain.