10 Profitable eCommerce business ideas in 2021
Starting a business online is the latest trend today. After all, it offers an excellent platform for budding entrepreneurs to kickstart their business without investing a lot of money. Aiding them in their journey is the constant rise of the e-commerce industry and a pandemic that has made people shun the traditional brick and mortar stores. An important benefit of starting an e-business is that you can manage it without quitting your day job.
The most important part of any business (not just eCommerce) is choosing your niche. You may now wonder, there are hundreds of niches available globally, how do I choose the best one for me. This is where we can help, as we have compiled some of the best business ideas that you can focus on. Here are they -
Starting a clothing store is one of the best online business ideas, especially when you are good at designs and you enjoy designing. You can start your label with unique designs and styles. All you have to do is create a website using any platform and start adding products to it. Most platforms allow you to link your store to inventory, shipping, and printers. The best part is you don’t need a large inventory as you can opt for a print-on-demand service. This ensures no product goes unsold and saves you tons of money.
In a dropshipping business, you neither have to worry about inventory nor the delivery. The upfront cost to start this business is very low, reducing your risks drastically. The only thing you need to worry about is what you want to sell. Once decided, just design an attractive website whenever a user can place an order for a product. You then have to place the same order with a third-party agency who can handle everything from designing to delivering the product. You will receive a steady commission for this activity.
There is nothing better than making money doing what you love. If you are good at painting, music, or photography, then selling your art online can turn your passion into income. You can sell the hard copy of your paintings and photographs. Or you can sell them digitally by allowing people to download your work. If you are into music, you can sell your album, beats, instrumentals, and vocals online through digital downloads.
Become a freelancer
Freelancing is probably one of the best home business ideas if you want to make quick money sitting at home. It could be anything ranging from writing to video editing. As a first step, choose a field in which you are good. Then find a gig in freelancing websites like Freelancer, Upwork, and Fiverr. You have complete flexibility to choose a project that lasts an entire month or a short project of just a few hours. Freelancing is also a good way to upskill yourself.
Conduct online classes
To start an online class, you just need to invest some time to create a short course and edit it. As a first step, find a topic in which you are good at. Teach that topic to someone you know or a subject matter expert and take their feedback. Once they have approved the content, use a screen recorder application to record your presentation and voice. Now post your online course on a website that lets a user access it only after paying you. Alternatively, you can use a Learning Management System to create and market your course.
Publish your books
At some point in our life, most of us would have dreamed of writing a book. Through the power of e-commerce and marketplaces like Amazon, you can fulfil your dreams in a few steps. Gone are the days when you had to run behind book publishers asking them to print and market your books. Today most people self-publish their books. Start by writing content in any genre you like. Then use an online conversion tool that lets you format the content into an ebook. You can either sell this through your own platform or Amazon and other e-book publishers.
Start your blog
If writing a book seems impossible, start from something smaller - blogs. Blogging has been popular for several years now and has become a medium for people to post their thoughts and theories about anything in the world. If you are smart and you can regularly convince an audience with your thoughts, you can monetize this skill. Unlike other businesses on this list, you cannot achieve overnight success as it takes time to build a following, and also, it takes time for your blog to reach the first page of the search results.
Become an affiliate marketer
Affiliate marketing is probably one of the most popular small business ideas that have given great success in recent years. To become an affiliate marketer, join one of the many affiliate programs available on the internet. You will be asked to write about a product and your experience using it on your platforms such as blog, website, social media, etc. Don’t forget to share the product link along with the article or post. Every time someone purchases a product using your link, you will receive a commission. It’s that easy and simple.
Do you like organizing stuff? Then Virtual Assistant can be a dream job for you. Virtual Assistants typically help busy people like entrepreneurs and top executives to manage their day-to-day professional activities. Your duty as a virtual assistant can range from scheduling meetings to contacting potential clients. And the best part - everything is done online.
Become an influencer
Though it sounds like an impossible task, becoming an influencer is not that difficult. You do not need millions of followers to become an influencer today. All you have to do is attract people by showcasing your lifestyle and be strong on your ideas. You will automatically attract loyal followers. When brands see this, they will start approaching you and pay you to advertise their products. Out of all ideas, this is probably the hardest as you have to make a strong online presence (in most cases), which will require a lot of dedication and effort.
Now that you have seen some top new business ideas for your venture, it’s time to take action. Start small at the beginning and spend time every day after your office hours. Once you start earning a steady income through it, it is time to scale up and take your business to the next level. This is where Powerhouse91 can help you. We are an experienced e-commerce venture who has helped several e-commerce businesses in the past to scale up and extract the best out of their e-business. To know more, contact us now.