E-commerce business can be understood as the buying and selling of goods and services online through an electronic network or by the use of the internet. The online transactions in e-commerce business usually consist of business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer (C2C) and consumer-to-business (C2B). If you are thinking to launch your online business and looking for great ideas then you have landed at the right place.
We have a list of best e-commerce business ideas to start in 2020. Let’s have a look at these:
- Online Learning Platforms: This e-commerce business idea deals with providing education to students online. Online platforms are becoming a norm these days when it comes to training and education. Online platforms are continuously evolving so there is always a new opportunity for you to cater to the needs of the students. What you need to do is to find the students who want to have online courses because gone are the days when students only depend on the conventional methods of teaching. There are a lot of streams, subjects, courses in the present time; you need to select the domain of your area and expertise. The field is wide so you have a lot of opportunities and options such as vocational, academic, or other sub-niches to set-up your business.
- Online Grocery and Foods: In this technological era where people are so busy that they want to save time on a daily basis. They do not like to spend 1 or 2 hours of time to spend on shopping for food and grocery so; selling groceries and food online is attracting quite a lot of people. The profit derived from this business depends on the way you manage to maintain good relations with the vendors and the way you drive customers towards your online business. This business has the great potential to grow because grocery and food items are a basic need so it is one of the best ideas of an e-commerce business.
- Social Media Consultancy Business: We all are well aware of the power of social media in this digital world. Social media is the backbone of any online business. The role of social media consultants is to be a face and voice of the online business on social media channels. They run social media campaigns like the use of blogs, videos, forums, etc., improve customer loyalty and engagement, and drive sales from various social media platforms. For, this kind of business you have to be available online 24×7. You also need a professional website where you can showcase your products and services. Having a website helps to gain the trust of the customers and build the credibility of your company.
- E-Commerce Service Provider: This business of becoming an e-commerce service provider is also a great idea of online business. This is concerned with handling all the back-office systems, IT aspects of operating an e-commerce business, and the infrastructure of the business. IT experts like to hire at least one e-commerce service provider because they want to focus on marketing and selling their products and services and improving the growth of their brand.
- Online Customer Engagement Platform: Customers’ engagement platforms are the need of today because the profitability of all e-commerce is dependent on customer services to a great extent. It is also a fact that nowadays there is the availability of plenty of choices for each product and service. This type of business is good for those who excellent strong communication skills and have good convincing power. In this type of business, you have to handle all kinds of customer complaints of the users and resolve them as per your understanding.
- E-Book Author and Publisher: If you have a passion for writing then you can publish your e-book online. People nowadays like to read books online rather than sitting in one place and reading. E-Books can be accessed on mobile phones, tablets, etc., which is convenient for the user to read at any time and at anyplace. Also, the cost of publishing a book is less than the cost needed to publish a printed book.
- Link Building to Content: This type of work is very high in demand because link building is helpful in improving the ranking of search engines. Link building is the process of linking the other websites for the purpose of creating more links to your website. For this, what you need to have is the links that can increase the value of your content. Excellent content and links shared drive more traffic towards your website.
- Networking Marketing: Network marketing is a concept in which one person becomes the customer and he brings a number of customers and then the new customers again bring new customers. In this way, a network of customers is formed and you get paid for building a team. This can be online as well as offline both but with the use of digitalization and the power of social media; online network marketing is making progress. This idea is trending for such people who like to run a flexible business. Continuous efforts and a stable company will surely yield you great results regardless of the type of products and services.
- Merchandising Platform: Establishing a merchandising platform is a good way to start your e-commerce business. In this type of business, you will act as a bridge between the customer and the supplier. You do not have to take the headache of dealing with inventory. You can help the new e-commerce start-ups to find the suppliers and vendors so that they can grow their business because it is not easy for them to find the suppliers as the suppliers like to work with the large retail stores who have a well-established brand name and with whom they can maintain a long-term relationship.
- Crowdfunding Sites: These are the sites that are concerned with using a small amount of money from the entrepreneurs or the investors to provide financial support to a new business idea or to expand an existing business venture. These types of sites help to build a social bond of the emerging entrepreneurs by way of social media channels like Facebook, LinkedIn, and Twitter. This helps the new entrepreneurs to understand how to attract investors and increase the visibility of their business.