8 eCommerce Business Ideas
eCommerce is the latest money-making trend with sales reaching as much as $3.4 trillion this year. If you are an eCommerce store owner, this post is going to help you so much! We are going to talk about the best eCommerce business ideas that will make you a ton of profit.
It might be hard to know what to stock and what not to since the Internet is a crazy place and some things could become viral or wildly popular in no time. To stay one step ahead of the others, it is always better to analyze the trends and stock up. Running an eCommerce store could either be your full time one business or simply a part-time one for extra cash. The ideas mentioned in this list will give you an idea of the things that you can stock and make a profit.
Besides the profit you will make with your sales, you will also increase your customer base and are likely to soon join the big players league!
- Beauty and Health Products
There is never a bad time to enter the beauty and health industry. It is one of the biggest markets in the world and is not likely to go under any time. Although there are plenty of online stores in this niche, you will definitely make sales. It will be all the more profitable if you know about online marketing skills, such as showcasing your products on social media networks like Facebook and Instagram. If you want to sell organic beauty products, the demand for that is even higher and expected to increase in the future.
- Eco-Friendly Products
With the environment and climate being really fragile right now and many raising awareness for the same, more and more people have started purchasing eco-friendly products. This is a great gesture and practice and you can support this movement by selling all kinds of eco-friendly products. With many countries have a ban on single-use plastic products; this is your time to join the movement. This would also be easier to set up since many governments are encouraging their citizens to lead a more sustainable lifestyle.
There is a lot of demand for bamboo t-shirts, vertical garden setups, water bottles, and more. This is also likely to for many years since this is not a viral trend. Other ideas you can sell include solar power banks, washable lunch boxes, and portable ashtrays.
- Phone Accessories
In this digital age, you need to be up in the game. It is a great idea to sell smartphone accessories. With nearly everyone owning a smartphone, this is the perfect time for you to stock up and start selling. Some ideas for smartphone accessories include power banks, phone cases, earphones, earbuds, screen protectors and more.
- Products aimed at babies, toddlers, and older kids
Selling products aimed at babies and kids is an excellent idea since it will sell like hotcakes! With parents always on the look-out for things that could make their life more comfortable and help them with their kids, this is a great market. You could sell portable diaper changing bags, multi-function bags, waterproof diapers, walking learning assistant and more. There are even options available that allow users to personalize the products, which will definitely increase your profit. Other options targeted at older kids include affordable smartphones, tablets, video games, traditional board games, toys, action figures, and more.
- Selfie Drones
Selfie sticks were innovative products that went viral across the globe. But now, its uniqueness has worn off and selfie drones have replaced them. Besides selfie drones, there are tons of products that fall under camera tech, such as an instant camera. These are making a comeback and are likely to be huge sellers. This is also the right time to enter this market since the price of the drones is going down, making them a=more affordable to the general public.
- Smart Home Products
The smart home devices are rapidly gaining traction with the global market expected to reach $163 billion by this year’s end. Since many companies have started producing smart devices, the prices have become much more affordable and you are likely to wind up making a huge profit. There are plenty of products, such as smart hubs, smart speakers, smart thermostats, smart lights, and even smart coffee makers! The IoT has truly developed a lot. These devices are designed to communicate with each other and work without manual instructions. Since these devices allow users to control the many aspects of their home remotely, more and more people have started using them. Besides the higher-end smart products, such as the ones manufactured by Google and Amazon, you can also focus on lesser-known brands and products which will get you a better profit.
- 3D Products
While it may seem that 3D products don’t have a lot of consumers, they are gaining popularity and it is expected to increase in leaps and bounds. For a better example, consider 3D products experiencing a similar boom to smart home devices. With an increase in 3D capabilities in both productivity and entertainment aspects, more users have started buying products that they can use on a 3D level.
- Selling eBooks
Today, nobody buys physical books. The change to eBooks has been rather dramatic and it looks like the digital eBook trend is here to stay. If you could get a website up and running that is totally devoted to books, you are going to be running a pretty profitable business. In addition to this, it will help if you could have some sort of recommender system for users which will increase your fans.
This article should have given you a good enough idea of what eCommerce businesses you can run to turn in a profit. Other ideas not mentioned above include selling second-hand products, enamel pins, smartwatches, clothes, accessories, and more! It could also be a great idea to start your own online eCommerce store dedicated to providing educational classes and courses.