The Internet revolution has spawned a host of opportunities for businesses around the globe.
According to Statista, in 2019, retail sales have crossed a whopping $3.5 trillion.
And the same report from Statista predicts that there is going to be a massive jump in this figure and would touch $6.54 trillion in 2022.
There are a whole plethora of online business ideas.
It may become confusing for many regarding which of these ideas are worth pursuing.
To help you in this regard we have shared with you some promising eCommerce ideas for 2021.
You can take inspiration from these and proceed on anyone that you find the most interesting, viable, and within your abilities.
14 Exciting eCommerce ideas worth pursuing in 2021
Here is the list of 14 highly profitable e-commerce ideas that have a huge potential for earning a good profit if implemented correctly.
Smart home products
According to a report published by policyadvice.net, the IoT market would generate a revenue of $ 520 billion by 2027.
If you have the technological knowledge and experience in IoT, then you can leverage this demand by building an entire ecosystem for your customers.
This ecosystem would allow your customers to use their home appliances more smartly and conveniently.
The global Dropshipping market is likely to go up to $ 557.9 billion by 2025 (grandviewresearch.com).
This offers you a huge opportunity.
Open an online store and network with suppliers, who will store, package, and ship the order directly to your customers.
For every sale order placed through your website, the supplier will give you a commission.
Online food and groceries
The Covid 19 pandemic has forced people to stay indoors.
Statistics show that nearly 70% of American shoppers buy their groceries online in 2020.
You can create a startup selling retail packaged food or even home-made food.
There is a huge demand for multilingual people who can speak two or more languages in the market.
If you have this ability, then you can easily monetize your skill and start earning money from companies that are looking to hire translators.
Virtual Asst service is the next big thing in eCommerce that has a huge potential.
Businesses, small or big, require help to manage their day-to-day affairs.
You can offer your services to take care of some of their jobs like scheduling meetings, answering emails, and other administrative duties.
In this model of e-commerce, you buy a running website.
Do some research on how to make it better by improving the design and content.
Once it starts attracting traffic, you can sell it for a profit.
Dropship fitness tools and sell programs
The global fitness industry is growing at an exponential rate.
People have realized that to boost their immunity and general health they need to stay fit and in shape.
You can tap this demand by selling fitness products online or offer them fitness coaching videos.
Increasingly people are turning to digital health services for the prevention of diseases, reducing medical costs, and monitoring the chronic condition of patients.
This is a capital intensive business in which you have to pump in a lot of resources (depending on what product or service you want to sell).
You need to spend a lot of resources in getting the requisite approvals and stocking up on medical products.
If you are an expert in any subject like Maths, Biology, Physics, Chemistry, and others, then you can start online tutoring.
As students are cooped up in their homes due to the Covid linked health emergency, you can offer them a virtual classroom environment to learn their subjects.
There is a huge demand for content writers in the market.
If you have a flair for writing, then you can offer your services to create content for product pages, blogs, webpages, and others for business.
AI-based fashion store
You can open an online fashion store with AI integration.
In this store, the viewers can browse through the latest fashion materials in multiple categories.
Include a feature on the website that the users can try out the material they like in the virtual store through Augmented reality.
If they find any of the articles interesting after trying them out, they can make their purchase.
Online health store
There is a huge demand for easy to access health services and medicines.
Developing a health service app would be a profitable idea.
You can partner with medicine and medical equipment wholesalers and offer your customers affordable medicines and allied equipment at a reduced cost.
Sell B2B products
Businesses need raw materials and intermediaries to make their products.
You can leverage this demand by building a B2B product store.
The companies can source their material requirement from your store.
You will get a good margin in any such transaction that takes place through your eStore.
Real estate portal
You can create a website, wherein properties and rentals available in your city are listed.
Make sure to put the photos of the properties there so that the visitor can make an informed decision.
You can get a hefty commission for every sale lead that is generated through your web portal.
We hope that you loved the list of 14 Exciting eCommerce business ideas in 2021.
We suggest that you take one idea at a time and research thoroughly until you choose one that is perfect within your abilities.
A large number of entrepreneurs have successfully implemented these ideas to earn a tidy profit.
After finalizing your idea, you need to look after the types of eCommerce business models, plans, and strategies and decide all things properly and then go.
By deciding these things in advance, you can start your eCommerce business efficiently and make it successful.