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List of Profitable E-commerce Business Ideas to Try in the 21st Century

08/13/2020 6:03 PM
The 21st century stands as a testimony to some of the greatest innovations and technological advancements that have changed the essential nature of human communication and interactions. Today, our lives are driven by technology and we can no longer imagine a life without our favourite devices or gadgets, and most importantly, internet connectivity. Like they say, the world is one big interconnected global village due to the internet, and one can also imagine this global village acts as a global marketplace, thanks to advancements in e-commerce. In fact, there is no better time than right now for new business ventures and startups to commence their journey, considering how e-commerce is gaining attention due to the epidemic. Innovative and scalable e-commerce business ideas will easily click with the growing consumer base who prefer novelty when it comes to shopping today.

So the first question that comes to mind is probably “How do I start an e-commerce business today?” All you need to do is to build an e-commerce website featuring your products and services and you are ready to sell to the world. Therefore, for all those aspiring entrepreneurs out there, we are going to take a glance at some of the hottest e-commerce business opportunities available for you.
  1. Smart Technology and Related Products: We live in a digital age where everyone and everything is connected through smart technologies. People are completely dependent on their devices, be it smartphones or smart watches, to lead an efficient and smooth lifestyle. Therefore, it is no wonder that most people prefer tech savvy or smart homes where most of their electronic devices are connected to each other, making lives easier. The sales of smart home products and smart watches are expected to rise significantly in the coming years considering how people are drawn towards these products for their varied benefits.
  2. Groceries:  The demand for household groceries continues to remain a growing and promising market and even though there are already certain big names in the online grocery and delivery market, there is still room for more. Diversification of products, providing door-step delivery, promotion of local and fresh produce and monthly subscriptions are a few ways of attracting a larger customer base.
  3. Face Masks and Other Personal Protection Items: As a result of the Covid-19 epidemic, there has emerged a surging demand for face masks, sanitizers, handwashes, gloves, disinfectants, and many other personal safety and hygiene products. People have accepted the use of face masks as a necessary lifestyle choice, which is exactly why there is a whole new market dedicated to these in the form of designer and customized face masks. Since most personal safety products are becoming mandatory across all spheres of human lives as well as industries, large bulk orders of the same are anticipated. Additionally since these products have become an inseparable part of our daily lives, there arises the scope for customizations based on affordability, storage, durability and so on while at the same time never compromising on the quality of these. 
  4. Jewelry and Fashion Accessories: Amidst the scores of e-commerce business opportunities out there, this is one that will never go out of fashion! People are always on the look-out for great accessories and jewelry which are in vogue. Interestingly, handcrafted jewelry and ethnic fashion is gaining much more attention lately and this is a cause for delight since it promotes the talent of traditional and local artisans and jewelry makers as well as budding designers. Notably, signature jewelry collections and customized designs are factors for appealing to a larger crowd.
  5. Online Education and Learning: It might sound surprising but the truth is that today education has acquired a new dimension in the form of online learning courses. Knowledge is no longer limited to the four walls of a classroom but has expanded to include everyone who is interested in learning from and within the comfort of their homes or even workplaces. There is a great demand for course contents designed to crack specific examinations. While it is important to build an e-commerce website designed and specifically suited for this purpose, it is equally important to establish trust among the audience by providing relevant content from reputed and efficient teachers and instructors.
  6. Health, Beauty and Skincare Products: The demand for beauty, skincare and healthcare products for both, men and women, continue to rise exponentially. Additionally there is an expanding market for organic goods as more consumers are opting for mindful options that are natural and safer for the skin. Global statistics suggests that the organic health and skincare products market will contribute to $22 billion in sales by the year 2024. It is interesting to note that the men’s skincare market is one with a lot of potential which is often overlooked compared to the innumerable options available for women. Therefore, this is one among the many other e-commerce business ideas worth pursuing.
To conclude, these are some of our top picks when it comes to exploring some of the profitable e-commerce business ideas at present and now all that remains is for you to pick the right business for yourself to build and expand. And for all your queries on how to start an e-commerce business, oOrjit is always right here to help you out.