Starting an eCommerce business is the dream of many these days, a lot of people are thrilled by the idea of running an online business sitting in their beds, but it isn’t that easy after all.
There is no doubt that the online industry is booming and growing rapidly in every field. You can almost do anything you want online and sell any sort of stuff you want online but it all starts with one basic problem. Most people get stuck because they do not know what to sell online.
You can find thousands of videos and hundreds of books on how to start on online, long-lasting, and sustainable business but the fact is that every entrepreneur has to encounter one fundamental question.
What product is most suitable to sell?
The fact is that there is no hard and fast rule here, neither is there one best idea to start an eCommerce business. Everybody had different strengths and weaknesses. The best solution is to find an idea that goes along with your interests.
To find the best idea for you, below are given 20 different and latest running eCommerce business ideas that are most profitable in 2020.
- Beauty and Health Products
The beauty and health trades are one of the leading in the world. Also, these are products of everyday use. Indeed, even today, with all these online business thoughts accessible, it remains incredibly beneficial. Its utilization by youngsters can be used for marketing purposes.
- Selling Second Hand Products:
This might not look good by its appearance but selling second-hand products is one of the most profitable and lucrative business right now. You can sell anything from old vehicle spare parts to garments, furniture, or something else. If you sell these at a reasonable price and make sure that the products you are selling are worth the money, the right audience will come around to boost your business.
- Clothing Store
One of the widely seen articles on eCommerce is clothing and fashion. People are always looking to buy more suits and follow the latest fashion. Opening a clothing store wither by making a fashion website or selling lifestyle apparel shirts is one of the best ideas available. For example, if you print something on-demand lifestyle apparel that can communicate some running thought or an idea with people, customers will start buying it even if they do not need to. A clothing store is the best way to communicate with people’s feelings and using them to boost their own business.
- Sell rare local products online:
One of the main things one should keep in mind while starting an online business is what makes his/her business unique? There are thousands of other platforms available, people would not leave those platforms for you if you are not offering something that nobody else is offering. One of the ways to do so is to find rare products which are not easily available in the market.
These products can be like arts, crafts, etc. but they can be something else as well. You should hunt for a product which sites like Amazon are not offering. It would ultimately attract and push people to find your business as the only solution to their problems.
- AI-based online fashion store:
We cannot ignore the way technology is advancing and solving our problems while talking about eCommerce. On the one side, customers prefer e-commerce because it provides them a lot of comfort and convenience in shopping, but on the other side, some customers stay away from it because they are never sure how that product is going to look like when it comes to their doorstep.
One can boost his or her business by solving this issue with the help of A.I. and Augmented reality. For example, consider a place where users can not only see a variety of clothes but also try them on via augmented reality. The same goes for furniture and other household items.
- Deliver Organic Food On-Demand To Clean-Eating Enthusiasts:
There are a variety of consumers sitting on their computer trying to find the product which best suits them. And many of them are extremely health conscious due to the rapidly transforming society. Delivering organic food, for example, gluten-free food, to the clean-eating enthusiast would be a good idea to grow your business among a specific group of people.
- Online Educational Courses:
Online Education is one of the most profitable, lucrative, growing, and blasting businesses in the 21st century. Especially due to the recent pandemic, a huge potential has been shifted towards online education from the very traditional methods.
Selling some courses online on your website would bring in a lot of potential consumers who yearn to learn something new. If you make a plan to fulfill their need to gain more knowledge, it would surely help you in going places.
- Providing Services:
The basic idea of business is to sell your skills. You are providing some services which others cannot and you are earning profit by doing that. The same goes when you are selling some of your skill and you are earning money by that. Freelancing can be one way to do that but there can be others as well. For example, Content Writing is a valuable service these days. If you are a good writer, you can open a website where you can easily find potential consumers and sell your services to them.
- Micro Niche
There are plenty of people who are doing online businesses and if you go for some major niche, there would already be multiple brands selling that thing which decrease your chances of success by many folds. But there would certainly be loopholes, not every brand would be covering everything equally. Try to look for a product which has less competition in the market. Choose that product and start building your base with help of that particular product.
- Video Doorbells
Nobody wants to leave his or her bed to go out and see the unwanted person who has just arrived at the door. We all wish that if we knew there was this person on the other side of the door, we would never open the door. That’s why Video Doorbells are getting more popularity among people in recent times. It also helps in helping people feel secure and more confident. A great empire can be built on such an idea.
- Dash Cam
Dispatching a Dashcam business is a good thought and it will keep on flourishing because these dash cams are functional and accompanied by a viral component. In 2014, dashcam deals expanded by 918% in the UK. These Dash Cams can be of great assistance if any unwanted incident happens with you on or off the road. It is slowly becoming necessary now. By 2020, the dashcam industry will likely grow up to $4.03 billion around the world.
- Smart Watches and Smart Glasses:
In 2018, the smartwatch marketing projections hit the 141 million unit mark around the world. The smartwatch business nearly grew up to a surprising $19 billion in deals globally. By 2020, it is expected to hit $53.2. The advanced technology is making people buy more smartwatches and it is easy to wear and looks good as well. In the future, smartwatches might be replaced by smart glasses as well. So it is always a good idea to invest in technology.
- Face Masks:
After COVID-19 spread out in the world, governments asked for its citizens to keep wearing a face mask. Some people called it “a new normal.” But the fact is that even if COVID goes away after a few years, wearing face masks will become a habit of people; especially those who tend to stay away from people. This business is going to grow more in near future.
- Personal Safety Equipment:
Face masks aren’t the main moving bit of personal safety equipment with regards to internet business thoughts. An ever-increasing number of individuals are searching for face shields, latex gloves, and other safety wearables to secure themselves. This is a genuine chance, so on the off chance that you can locate a dependable provider, you should toss your cap in the ring!
- Digital Marketing:
This isn’t a product; you are selling a skill. Digital marketing is in mind-blowing interest and an ever-increasing number of individuals are searching for administrations in this area. If you have abilities identified with SEO or anything that exists in the digital marketing area, you can begin utilizing them immediately.
It’s a phenomenal method to get more cash-flow as an afterthought, and you can likewise in the end increase some drawn-out customers.
- Online Fitness Coaching:
Life has become really busy in the last few decades and people do not have time to go to a professional fitness coach every day. People would be attracted by an idea which could provide them with the services of a fitness coach at their homes. It can be highly profitable.
- Online Therapy Sessions:
As mentioned above, people are so consumed by their everyday life routine that it is becoming hard for them to give themselves time. So there is a need for an alternative by which they could manage to meet their needs while doing their everyday jobs. Almost everyone needs counseling and therapy so providing this service online is a solid deal.
- Advance Home Décor:
Another thing which people are always trying to upgrade is their home. People want their homes to be in the best condition always. But they are cannot try everything at home, if you give them an augmented reality-based idea by which they can see which decoration is best for their homes, they would be inspired by this idea.
- Selfie Drone:
The selfie drones are extraordinary compared to other web-based business items that have become a developing pattern. From drones that convey bundles to ranchers who watch out for their yields to videographers – catching flying shots, the interest of this item is developing as time passes. Selfie drones permit people to effectively catch pictures from various points without the need for a selfie stick. By 2020, the business is probably going to grow up to $127 billion in deals.
- Kids Toys and Games
With video games, smartphones, and tablets, it appears to be that children don’t esteem conventional toys and games any longer. Notwithstanding, this isn’t accurate – this is proven by the way that toy organizations continue making them. Children play with their dolls and activity figures, and there is a business opportunity for them. Start with a little speculation to sort out which toys are well known and develop your determination from that point.
Ecommerce business is booming with every passing day. But this does not mean everyone can plunge into it. Like every other business, it requires proper strategy, thinking process, and planning to become successful.