If you are motivated and ambitious about starting your own ecommerce business, you first need to shortlist a profitable ecommerce business idea. The 23 profitable ecommerce business ideas above will help you in deciding what you want to sell. Though, research and planning are key to making any business idea work.
14 Best Ecommerce Business Ideas to Try in 2021
1. Create a niche apparel product.
2. Sell industrial B2B products with little competition.
3. Do what Amazon can’t.
If a product is available both on Amazon and on your ecommerce store, guess which option the customer will choose? They will go with Amazon every time because they know it, they are used to it and they trust it.
That’s why you should remove yourself from direct competition with “the everything store.” What you need to do is offer your potential customers something that Amazon can’t — a personalized high-quality selection of niche products.
Why do cheese aficionados happily patronize more expensive artisanal stores? Because they don’t want just any cheese — they want high-quality specialty cheese made from grass-fed raw milk. And they will pay a premium for it.
4. Sell something that is trending.
Dropshipping is a method of selling products online, without actually stocking them. Instead, you sign up with a manufacturer who’ll supply the goods to your customers after they purchase them from your ecommerce site.
6. Sell toys online.
7. Launch a CBD business.
8. Consider print-on-demand.
9. Sell a beauty subscription box.
10. Rent or resell fashion.
Apart from selling pre-loved clothes online, you may also consider renting clothes. People often buy clothes for a specific occasion, then never use them again. Also, some of us just love to have a bigger wardrobe without paying too much for it.
11. Sell online courses.
You don’t need to sell physical products to have a thriving online business. You can also sell digital products like online courses. Create a great course once, they distribute and re-sell it across different platforms for as long as it remains relevant. Additionally, you can scale your distribution with affiliate marketing — enlist other marketers to promote and sell your digital products for a profit cut.
12. Create handmade goods.
13. Pursue eco-friendly products.
14. Hop on the health and fitness train.
The Different Ecommerce Platforms
Ecommerce businesses have different options when it comes to the ecommerce platforms they use to sell their products online, as we discussed in our Ecommerce Platforms: The Best Software, Reviews & Comparisons article. No matter whether a store wants to sell on marketplaces like Amazon, eBay, or Etsy they should also have an ecommerce store set up so they aren’t selling all their products through a middleman. Creating a self-branded store on an ecommerce platform is the only way to get full control over your ecommerce business, and it’s the best way to get full say on branding, marketing, customer experience, and revenue.
We discussed the Top 10 Ecommerce Platforms in great detail in this article, so for anyone interested in becoming an ecommerce business owner, that’s the most in-depth guide on ecommerce platforms we can recommend. For those who just want to get started on the best ecommerce platform in the industry, we recommend building on Shopify. We’ve discussed why they’re they’re the most highly recommended ecommerce platform in our Shopify Review, so if you’re interested to learn more about the features and services they offer, check that out. We update it regularly as they come out with new features and services.
If you require specific features from your ecommerce platform or just want to get a personalized recommendation based on your unique situation and circumstances, check out our Personalized Ecommerce Platform Recommendation Tool. No matter where you are in the process of building, launching, or growing your ecommerce business, this tool can recommend the best ecommerce platform for you.
Who Can Start Their Own Ecommerce Business?
The short answer is: Anyone can start their own ecommerce business. Anyone can go from asking themselves, “What is ecommerce?” to building their very own ecommerce business in the span of weeks, months, or years. Some ecommerce businesses are easier to start than others, some ecommerce business owners may have more industry knowledge than others when first starting out, but the great thing about ecommerce is that anyone can build, launch and grow their own ecommerce business if they have some time, energy and resources and they’re ready to put in the work.
- There’s a Low Barrier to Entry: What this means is that no matter how little time or money you have available to invest in starting your ecommerce business, there’s something you can do to get started. To start a brick-and-mortar business in the past when online business wasn’t an option, entrepreneurs had to get a bank loan to rent out a store and purchase inventory and equipment upfront before they could even get started selling to customers. They had one shot to succeed and if they failed, they would be out a huge sum of money and they’d repel any other bank they approached in the future. With ecommerce, you can start your own business without inventory, or you can run your business online for less than your monthly cell phone bill.
- Unlimited Audience Reach: With brick-and-mortar businesses, the market of consumers you can sell to is limited to who’s in your nearby vicinity. With ecommerce, you can sell to your target market no matter where they are in the world, no matter where they live, and you’re not limited to the customers in one particular area or region. This means you can really hone in on your target market and sell to your niche, no matter how specific it is.
We truly believe that with the right resources, everyone and anyone can become an ecommerce business owner. You don’t have to quit your day job if you don’t want to, we just highly recommend that you start something. Building an ecommerce business teaches so many valuable lessons and even if you’re not quite ready to start your own fully-fledged ecommerce business yet there are still steps you can take to get something on the go! Check out our How to Start an Ecommerce Business When You’re Not Ready to Start an Ecommerce Business article to learn more.
It’s common for those starting their first ecommerce business to struggle with Imposter Syndrome, the feeling of being a “sheep in wolf’s clothing” or not feeling good enough to start your own business. We urge you to push past those feelings and to start your own ecommerce business anyways. Starting your own ecommerce business is about so much more than just being successful or earning lots of money. It’s about the journey from turning something into nothing and turning ideas, resources, and inspiration into something tangible.
In our manifesto, we discuss the 7 traits of successful entrepreneurs, so if you’re just getting started in ecommerce we recommend having a look over that article. You may not have all the industry knowledge or the time and money to get your ecommerce business started but if you have those 7 traits, you can still be successful.
#13: Dash Cam – Business Idea
Launching a dash cam business is a great idea and it will continue to prosper because these dash cams are practical and come with a viral element. In 2014, dash cam sales increased by 918% in the UK. Furthermore, many insurance companies also tend to accept dashcam videos as legit proof of claims. According to Grand View Research, the global dashboard camera market size was valued at USD 3.2 billion in 2020 and is expected to grow at a CAGR of 12.9%, in terms of revenue, from 2021 to 2028.
Video doorbells have been garnering popularity in recent times and have become a trending business idea. With the rise of video phone calls, it makes sense that people will also want to see who’s at their door on a screen. It works great as a security device and will perform wonders if it also offers high-quality night vision.
#18. Personal Safety Equipment
Face masks aren’t the only trending piece of personal safety equipment when it comes to ecommerce business ideas. More and more people are looking for face shields, latex gloves, and other safety wearables to protect themselves. This is a serious opportunity, so if you can find a reliable supplier, you should definitely throw your hat in the ring!
This is not exactly a product; you are selling a service. Digital marketing is in incredible demand and more and more people are looking for services in this sector. If you have skills related to SEO or anything that lies within the digital marketing domain, you can start using them right away.
It’s a fantastic way to make more money on the side, and you can also eventually gain some long-term clients. Now more than ever, businesses need digital marketing experts for promoting their sites, and you can always profit from it!