You can find many e-commerce ideas to start an online business. But which ones are profitable and which ones are not can be tricky to determine, especially if you are new to the world of digital commerce.
Here is some profitable eCommerce business to start in 2021.
- Beauty and Health Products
The beauty and health industry is one of the fastest-growing businesses online. Reports show that personal health and beauty products sales will surpass US$53 billion by the end of 2020. A lot of sales happening online.
This proves that the beauty and health niche is very profitable. Start an online beauty and wellness store that deals in a variety of products, including fragrances, makeup, hair care, nail care, and personal grooming. Also, vegan products are in great demand too.
- Online Educational Courses and Training
The demand for online education courses and digital learning is growing. Schools, colleges, corporate, or professionals, are moving away from traditional face-to-face online learning.
That’s why selling online educational courses and training programs will be a great niche business idea in 2021.
The global learning market will reach US$325 billion (2021 to 2025). Build an online shop that facilitates course creation, uploading, and selling. There are so many digital learning fields that one platform cannot provide them all! Focus on the niche that you know well.
- Sell ebooks
These days you don’t need a publisher to publish a book. Ebooks are very popular. A report shows that 335.8 million ebooks were sold in the US alone in 2019. This number will grow by 4.8% more in 2021.
This means that selling ebooks and digital content via an online store is a profitable e-commerce business idea!
While Amazon is the king of ebook sales, there are many other ebook stores and publishers that selling ebooks successfully.
- Vintage Clothing
You can start an e-commerce store by selling any type of vintage clothing online. Select a specific style (casual, formal, etc.), price mark (affordable, expensive, etc.), or product type (vintage tees, accessories, etc.)
Reports show that the global vintage clothing market was over US$25 billion in 2018 and will reach US$42 billion by 2022.
- Second-Hand Products -eBay
eBay is the best example of an online shop that generates huge revenue with second-hand products. Sell clothes, jewelry, furniture, gadgets, or anything else. Make sure that your online store is built strongly and functions smoothly.
Focusing your second-hand goods store on a particular location can also work very well.
- Smart Home Products – New Trend
Selling smart home products is one of the best niche e-commerce store ideas to try in 2021. The market was valued at $60 billion in 2019 and is expected to reach $247 billion by 2025.
People like to buy home appliances and devices that can be controlled remotely from anywhere using a mobile or networked device.
Despite the huge potential and growing demand for smart home products, few online business owners are selling these devices. It’s a very profitable business that you can start in 2021.
- Dropshipping Store
Dropshipping is a great way to sell on a small budget. All you need to worry about is selling the product through your virtual store. The supplier will take care of packaging, fulfillment, and other tasks!
Also, you can run this online business from anywhere.
- Sell Toys Online
Toys are a popular eCommerce store idea to try in 2021. Most of us think that children nowadays don’t value traditional toys and games anymore. But, this isn’t completely true. A report shows that toy sales are up 16% from 2019 and this number is likely to grow to 20% in 2021.
Research to figure out which toys are widely famous. Speak with toy makers and sellers in your region to host their products in your niche toy store!
Research the market and discover:
Which products have the most selling potential and less competition
Which technology is best for online store set up
Advantages and disadvantages of online stores
It’s up to you to decide what kind of eCommerce business you want to start in 2021.