The Ecommerce industry is growing at a rapid pace across the world. As per the stats shared by GlobeNewswire, the global B2C e-commerce market is anticipated to reach USD 7,724.8 billion by 2025. Not only the big companies even the small eCommerce companies serving in the local town and cities are growing at an unprecedented rate. The rise of m-commerce and social commerce has helped the small companies to grow at a faster rate.
Considering the growth of big and small ecommerce companies, investment in the ecommerce industry seems to be a profitable idea. However, starting an online ecommerce business is not a cake walk. If you are assuming that today you will set up an online store and from the next day sales started flowing, believe me, it is not going to happen in the competitive ecommerce industry. There are the number of things that you need to consider before starting an online ecommerce business. For example:
- Your Business Niche: The dream of running a successful ecommerce business starts with choosing the right niche. Validate your business plan and do the market research before you launch it.
- Ecommerce Technology Platform: Choose a technology platform that helps your business to grow further on the web. Evaluate an ecommerce platform on certain parameters like responsive design, multiple payment options, scope of customization, and such.
- Marketing Goals: You must set the budget for marketing to match your business pace with the competitors.
So, here in this post, I am sharing the list of trending online ecommerce business ideas which you can consider to start right away. These business ideas are flourishing at a good pace and have the potential to go mainstream a few years down the line.
Start a Multi-vendor Ecommerce Store like Amazon, Flipkart: People have become quite accustomed to buying things online these days. With the success of multi-vendor marketplaces such as Amazon, Flipkart, Alibaba, investors or aspiring entrepreneurs have realized the benefits of starting an online marketplace. You can launch an online multi-seller marketplace similar to Amazon, FlipKart with a readymade technology solution like the YoKart. YoKart is a premium and world-class ecommerce platform to launch a multi-vendor website or mobile app.
Launch an Online Food Ordering & Delivery Marketplace: Online food ordering and delivery industry is growing at CAGR of 11%. The online food delivery companies like Zomato, Swiggy, Uber Eats, Grubhub, etc has changed the face of online food ordering industry. Though these companies are dealing at global level, you can start your online food ordering marketplace in a local city or town to earn high profits. How to start, read this in-depth post: Online Food Ordering Marketplace: What Makes It a Good Business Idea & Future Opportunities
Online Grocery Business Idea: According to a survey, the numbers of online grocers are increasing with a 3x rate on a year-to-year basis and the whole sector is growing at an impressive annual rate of 11%. So, for any brick & mortar, going online does seem to be the obvious logical step to take the business to the next level. To start an online grocery business, watch this video: Guide to Start an Online Grocery Business
Travel Activity Business Idea: The travel industry underwent radical change with the launch of online travel booking portals. Today travelers look for a one-stop solution, where they can find out about local activities & attractions and book them in advance to have a comfortable, hassle-free, and memorable vacation. So, start a travel activity marketplace with a ready to launch solution like FunAway, where your customers can book travel activities easily.
Start an Online Rental Marketplace: The trend of ‘renting over buying’ is changing the face of re-commerce industry, which is reflected in the fact that more than $1 billion has been invested in online rental startups, within last 5 years. While Transportation & Fashion are two sectors for which rental websites are particularly popular among investors, rental marketplaces for appliances, equipment, gears, etc. aren’t too far behind. Read this post on Entrepreneur India to know, all the ins & outs of online rental marketplaces: https://www.entrepreneur.com/article/292429
Post Originally Published at here: The Online Ecommerce Businesses that You Can Launch Right Away