- Intro to the e-commerce business. Its advantages and disadvantages
- How to launch your e-commerce business
- Top 45 e-commerce business ideas for 2018
Intro to the eCommerce Business. Its Advantages and Disadvantages
The Internet has become an integral part of the business, and online businesses continue to flourish.
One billion people buy products via online devices (mobile phone, desktop computer, tablet, etc.). This amount grows daily.
Today, work on the Internet is not about clicking the links or playing online casino games. To start e-commerce business means:
- to sell goods: clothing, food, or equipment;
- to provide services: to take a photograph, to develop web applications, to write or to do advertising;
- to coach: to develop training sessions or webinars on different topics.
E-commerce business refers to the buying and selling of goods and services or the transmission of funds or data over the internet. Online business types are usually divided into business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer (C2C) or consumer-to-business (C2B).
E-commerce is a booming business with its advantages and disadvantages.
There are not many disadvantages to online business.
- Unstable income. It is entirely fine for any new business to have some difficulties regarding profit. In the early stages of the business, it may not bring a lot of money, however, overcoming these difficulties, you can go to a satisfactory income. This disadvantage is the most essential.
- Irregular working hours. In the beginning, you have to work hard to launch and grow a successful project.
- Restrictions in the action field. In some countries and cities, it makes no sense to promote your products or services. Various reasons for that - underdeveloped market, low purchasing power, high competition, etc.
- High optimization costs. Upgrading computer systems, training personnel, and updating websites requires substantial resources.
There are a lot of advantages of business on the Internet.
- The global range of activity. The website providing the services is available to any user. Negotiating with partners around the world is possible. This is perhaps the most important advantage of Internet business.
- Freedom of access. Nowadays, internet access is possible from almost any place in the world, IT development and new communication devices (smartphones, tablets) greatly simplify business management.
- Freedom of time. The owner of the business decides how much to work.
- Own boss. This type of business is perfect for those who want to work for themselves. Decision-making, implementation of ideas and tasks are entirely the responsibility of the business owner.
- No team to work with. If you are the one who is launching and growing the business, and you are a non-sociable person, this is ideal for you. After all, some people are easy to cooperate with, and some need an individual approach, so to avoid conflict situations, such people prefer to work on their own.
- Minimum project start-up costs. Opening a new business requires enormous costs compared to an Internet business, which requires a computer, Internet access and an inexhaustible source of knowledge and ideas. The maintenance, successful running and development of a business need fresh ideas and new approaches, flexibility in changing tactics of doing business.
- Income. The upper line of profit is not fixed, you can try to earn more or stop there.
- High service level. The convenience of using the services on the Internet is that there are no territorial borders. For example, a customer may receive an order by mail or courier if there are no products freely available. There is an opportunity to learn about the product or service, read reviews and discussions on the forums, payment for which can be made on the Internet.
- Competitive ability. New services can compete with services that have existed on the market for several years. Internet customers may accept the service from a "newcomer" who will quickly respond to demand, which sometimes cannot be delayed.
- Self-fulfillment. Creating an online store or your website is an excellent opportunity to realize yourself, applying all your knowledge and experience.
There are no universal instructions on the best businesses to start with, but no doubts, success will come to those who take advantage and compensate for shortcomings.
How to Launch Your eCommerce Business
For some users, the Internet is a platform for various kinds of entertainment, for others – an information resource, for others – a source of additional earnings. Therefore, the query «how to create and run a business on the Internet» remains one of the most popular on the Internet.
The Internet is filled with specialists of different levels and experience and those who want to start their business on the Internet from scratch. Each year we observe an increasing number of startups and investors, who are willing to work and earn online, sharing new business ideas.
As per Scott Fox, the author of “Click Millionaires: Work Less, Live More with an Internet Lifestyle Business You Love”, Internet business gives a platform to do something more than make a living. It is a chance to share your unique service and implement your plan.
Our recommendations are for those who decided to start their own business. The main thing is to decide and start acting right now.
Here are a few steps and instructions on how to start an online business.
Distribute Your Time
Check your daily schedule and determine how much time you can devote to your new project. Take as much time as you can, but try to devote a certain number of hours a week to your best startup business. Make yourself do something constructive on a regular basis.
Set the Budget
Start transferring funds (as much as you can afford) to a new project account. Save this money specifically for spending on new business research, training, development.
Choosing a Product or Service
First, you need to decide what product/service you want to sell. A business idea is the most complicated part of starting a new business. You can build a business around your own unique experience and help others to solve similar problems, develop an interest in your expertise area to consult people with similar hobbies. All this can be done using a blog, social networks, as an author of podcasts, etc.
Collecting information about the area you have chosen, as well as the competition that exists in it, is a good time investment. Check out the resources related to your topic and target markets — it will help you become an expert.
Research your competitors. Subscribe to a newsletter or blog, purchase products, or join a community of three competitors to know what they are doing and find ways to do it better. These steps will help you understand how to start an online business most efficiently.
Write a Business Plan
A business plan is a document that brings your entrepreneur ideas and thoughts together and allows to assess the decisions effectiveness, planned activities, and to answer the question, whether to invest in the project.
Setting up Your Business
Name your product and create a logo. Start thinking about the domain names, as soon as you decide on the direction of the business. You need a name that is short, easy to write and remember, free and ideally with an extension".com". Get a good domain name, register it in the most popular social networks, using the brand name as a username. This is necessary to ensure that customers can easily find you. Once you are ready with the domain name, it is time to craft a logo.
Build your online store and define key performance indicators (KPI).
TemplateMonster offers to build a professional and high-quality website at an affordable price. WordPress Business themes of your choice will be customized with your logo, colors, and up to 6 pages of content. Set contact form and then install in your domain. As a result, you will have a ready-to-go live website designed the way you want. Get your ready-to-use website at TemplateMonster.
Also, you should understand the basics of search engine optimization (SEO) so that you can optimize your website for Google and other search engines.
Launch your business
Once you are ready with the steps above, go ahead to launch your product. Hard work begins. Take the first customer! Pay attention to the marketing of your product to get serious and focused on the result.
Do not be in a Flutter to Wait for Approval
We all seek approval from others. In business, the most important thing is the approval of the authorities, but the approval of colleagues, subordinates, and customers is also essential. If you want to feel good, you will also need the approval of friends, family, and spouse. Unfortunately, working alone is not easy.
You should develop enough confidence in your best business ideas, so you can implement them, even when over his shoulder you do not head. Continue your journey, and soon you will realize that a real freedom is the ability to do what you like and be truly productive, rather than wasting time trying to impress colleagues or satisfy your boss.
Starting an online business is challenging. From choosing even small business ideas, evaluating viability and sourcing, to building, launching, and growing sales. There's a lot of puzzle pieces to put together.
No guts, no glory!
Top 45 eCommerce Business Ideas for 2018
If you are looking to launch an e-commerce project, then you may want to consider some of these online business ideas, which are listed below. Choose your best business to start with.
Make yourself comfortable; we are starting to share 45 great business ideas.
1. Smart Home Devices
Can you imagine a house where all the home devices are connected to the Internet? I mean clocks, door locks, cameras, alarm, audio systems, thermostats, lights, etc. Is it not a good idea to get the accessories connected to each other and follow your commands?! A great number of home devices are being delivered to our houses, and this number increases every year. People are getting used to them and realize their value. It is not a fiction; it is a key component of home automation and smart homes. Think about this type of startup business ideas.
2. AR/VR Headsets, Applications, and Accessories
This type of products is entertainment oriented. These niche products attract a lot of users’ attention and have a massive potential for future development. Virtual reality changes the gameplay and its feeling, plunges you into the game itself or the movie, right in the center of events in a three-dimensional world.
3. Fitness Store and Sports Nutrition
More people are getting engaged in a healthy and active lifestyle. Athletes, who want to increase muscle mass and burn fat, begin to use the so-called sports nutrition, which can accelerate metabolic processes and accelerate muscle growth. This niche includes various gym accessories and outdoor apparel.
4. Phone Accessories
Today, everyone is in need of cell phone communication, mobile devices and all kinds of accessories for them. Phone accessories include covers, cases, decor for phones, cables, chargers, screen protectors, headphones, headsets, accessories for iPhone and iPad, styluses and gloves, car accessories for phones, gadgets for smartphones and tablets, batteries, bags for tablets, etc.
5. Online Grocery Store and Fresh Meal Delivery
The lifestyle of business people is so active that it is much more convenient to order food online. Here you can get cooperation with a cafe or restaurant in your city: they cook, and you deliver and earn a price difference. You can cook yourself and then do lunch delivery to offices, government organizations, etc. You can cook such products as burgers, dumplings, and more. Such goods are always in demand. A catering company works with banquets, corporate events, and celebrations.
6. Auto-parts and Accessories
Every year the number of cars grows, this trend affects not only large cities but also small towns. A real car enthusiast takes care of his car, which means he is ready to invest money in it to ensure its functionality. Of course, many car owners want to express their individuality using car parts and accessories.
7. Online Coaching
This type of the Internet business is for those who not only do something very well (paint, write, play guitar, or do yoga) but also can teach others. Shoot video courses on a variety of topics, conduct online consultations: people are willing to pay for the knowledge of competent professionals.
8. Application Development
It is impossible to imagine our modern life without a multi-functional gadget that accompanies its owner almost always and everywhere. Therefore, the development of mobile applications is a popular and relevant service. There are a lot of experienced developers who are willing to cooperate on the project. Make sure the area is adequately researched before you start a successful business.
9. Jewelry and Accessories Business
Jewelry is a daily accessory for any fashionista or fashionistas. On the catwalks of Milan, you can see models with fashion accessories like chains, brooches, bracelets and similar trinkets. A good idea is selling online. The product line may include handmade jewelry from the designers-beginners, unique accessories, and vintage items. As an option, you could also consider renting out your expensive jewelry for special occasions. Any unique business ideas can give a boost to a new successful company.
10. Clothing and Accessories Business
The idea of opening an online store is quite popular among modern people. This method of doing business is quite developed among entrepreneurs around the world. You can offer some unique and rare items, which are not offered widely in other clothing stores. There are some niches where entrepreneurs can get a good income:
- youth clothing with prints, or design solutions;
- clothes for kids is one of the leaders in this direction;
- women's dresses are of enormous popularity, especially if the goods belong to the average price category;
- selling uniform - for example, camouflage for fishing or hunting.
Do you have many followers on social networks? Monetize it: different brands order advertising from popular online people, give products for test and even sometimes order posts and other activities. The main thing here is to find your niche and regularly please your audience with compelling content (not only advertising).
Friends put a lot of "likes" under your pictures? Well, maybe you can make money selling photos. Examine the requirements the most popular photo stock resources, think on what subject you will specialize in, examine the queries of the clients, and go ahead!
13. Your Own Startup
There is an idea how to make the life of others better and at the same time earn money? Well, your path is a startup. Gather a team of like-minded people and start-up business! Perhaps in a couple of years, we will hear that Google or Facebook bought your company. Think about some startup ideas and go ahead.
It is the standard way to earn money for people who can write good texts. However, many people know how to write, but not all of them can monetize this activity. The advantages of this method are the ability to earn money without investments. You find the customer and provide him with unique content.
Translations can be done by a person with excellent knowledge of foreign languages. The advantage in this area will be knowledge of non-standard languages, such as Arabic or Korean. The disadvantages of this method are complex technical texts with specialized terminology, which you also have to get acquainted with.
16. Web Design
Web design services can be provided by a person who successfully owns graphics editors and knows the basics of graphics and website development. The advantage of this type of business on the Internet is a high income. However, novice web designers will have to work hard on their customer base and portfolio.
17. YouTube Vlogging
One of the most popular businesses on the Internet in 2017. Its popularity is still growing. YouTube is a free platform where everyone can create their own channel with unique content and make money on it (selling ads through YouTube itself or advertisers directly). However, standing out from the competition will be quite difficult So, this option will only work for the most creative.
18. Mobile Medical Screening
This type of the startup is connected with the latest technology and its users. Do not you think this is a great idea to let people book their appointments with different doctors and healthcare institutions, schedule flu shots, vaccinations, book eyesight checkups using a mobile phone? Nobody enjoys standing in queues, so this business idea should be successful.
19. Drones Delivery of Medicine and Food Products
Speedy/urgent delivery is challenging in 2018. This new technology allows delivering products in the shortest possible time. These products are small and lightweight, so this makes possible to implement the idea.
20. Robin Hood of the Hotel Industry
Pruvo is an example of a free automatic web service that tracks price drops for existing hotel reservations and notifies the customer once a better price for the same hotel room is detected. The best part is (besides being free) is that the customer does not have to provide their credit card details since they refer them to the 3rd party, well-known websites where they find the lower price. Pruvo has saved customers over $1,000,000 in less than two years of existence while having a marketing budget that is more similar in size to a grocery store bill.
21. Voice Search
Digital assistants will dramatically affect the way consumers search. Intelligent assistants like Amazon Alexa, Google Home, Apple Siri, and Microsoft Cortana allow Android, Windows and Apple phone users to speak directly to their devices to operate their applications and search online. How consumers verbally communicate significantly varies from how individuals type out search queries. Because of this variation in behavior, you will begin to see more long-tail keyword queries; this will allow you to create much more accurate and intelligent key phrase strategies since more granular data will be available around consumer behavior.
22. Social Media Consulting
Today, social networks are not just a platform for communication, but also an effective channel for promotion of your products or services. It is an affordable "provider" of traffic to the website.
SMM consultant represents a company in different social media resources like Instagram, Facebook, Twitter, etc. Social media campaigns usually involve the use of videos, blogs, forums, and other social media features.
23. Affiliate Marketing Business
The goal of Internet marketing (online marketing) is to promote a product, company, and brand that uses Internet resources. Now online advertising has reached a new level. More often people read online resources. You promote a product and get your commission. To start this type of the business, you need to have at least basic knowledge of copywriting and SEO.
You sell products through your website, though you are not involved in any manufacturing and shipping. You get a commission for each sell. Be ready to invest a small cash cushion in the $1,000 range to get your business launched and operational. You do not have any risk to buy a product and lose money if it is not sold.
25. Resume/Cover Letter Writing
People are always searching for a job. Each job search starts with a resume. 70% of success in getting a job depends on it. The better you present yourself in the resume, the more likely you will be invited to the job interview. That is where you can offer professional help to create a top-notch CV to get them hired.
26. Travel Booking Business
Travel booking resources offer a great variety of travel products like flight and cruise tickets and travel packages. Travelers are always happy to search such a website to get the best deal for a flight or hotel accommodation. After the product is booked, it is transferred to the corresponding travel partner. Your income depends on the traffic.
27. Health and Beauty Business
Perfumery and cosmetic stores have become one of the most profitable types of business. This is not surprising, because we all care about our health and beauty, and in recent years this love is only growing. Experts believe you will be successful if you are an entrepreneur with organizational skills and business experience.
28. Online Currency Exchange
This is an online resource, which allows exchanging one country’s currency to another one. This type of business connects banks, brokers, and traders. The service is popular among busy people, who would need a trusted online exchange they could go to.
29. Rental Business
Among the vast variety of opportunities to earn, rental business takes a special place in the market. People always use these services provided by the owners of movable and immovable property, and other products, for a specified period for a fixed rent. Build a rental website to connect the people for renting purposes.
30. Recruitment Agency
HR (or recruitment) agency is a mediator between employer and future employee. The value of a staffing agency is a private base of trusted workers and reliable employers. Although it is not difficult to find an employer with the help of online platforms, a recruitment agency can undertake all stages of employee selection. Such services will cost much less than hiring a single employee.
31. Online Secretary/Assistant
It is a very convenient service that you can provide from the comfort of your home. It is one of the best home businesses. An online secretary is a manager’s assistant. You will ask how to start a business online. It is enough to continually stay in touch and have some software products installed on your computer that will help you quickly navigate and provide the necessary information on demand.
32. Car Booking Service
Most people wish to save their time when buying a car. Now it is possible.
There is no need to look for a car available in the dealerships of your city and nearby regions. Now you can search for the cars available for sale in one service. The platform offers the cars available at the dealership or warehouses. Online catalog of cars makes the booking process fast and easy for the buyer.
33. Daily Deal Service
This is a website that helps buyers around the world to find and buy the best local deals available. This is a marketplace which is beneficial for both – for buyers to get the great deals and for sellers to get more customers. Get in contact with your local sellers to post their cool deals on your online resource and go ahead to attract new buyers.
34. Online Cinema
Would you like to watch new movies not in the crowded cinema hall, but on the cozy sofa? It is the ultimate dream of most moviegoers. Experts predict a constant increase in the popularity of such services. Also, it is the most suitable option for WEB-based platforms. Mobile devices and Smart TVs are more suitable for paid subscriptions. Therefore, the creation of an online cinema may be one of your entrepreneurship ideas in 2018, which will bring significant profits.
35. Insurance Online Broker
You will help your clients to save time on registration of insurance without waiting in queues in the regional divisions of insurance companies. After receiving the payment, you need to transfer the documents to the client by courier.
36. Remote Technical Support
Be prepared that users do not know some names of the network equipment, therefore, most often use such words as "the black box with wires." However, it is possible to earn good money on this ignorance. Pay attention to this area as one of the small business ideas for men.
37. Web and Applications Testing
Quality testing and competent reports will eventually turn you into a well-known expert who will control and improve the development process and the quality of software. Developed analytical skills and logic, understanding of the development process and thorough knowledge of the product are needed.
38. Online Marathons
It is a good idea to convert your hobby into a business. The host of the marathon gives tasks, the participants perform, and the homework is checked. As a result, the participants learn something new or achieve their goals, and the host earns or receives loyal customers.
When you consider the best small business to start, sometimes it is enough to write work or dictate it to an electronic device - and now you are the author of your own book. Also, the e-book, written by you, brings profit, can still attract customers, replaces the seller, and serves as an expert on a particular issue.
40. Create Your Own Social Network
Creating your own social network is one of the most promising ideas for your best online business. As per the experts, the launch of such a project requires an excellent financial investment. This is needed to create a high-quality Internet website with advanced functionality, high-quality graphics, and support for various applications. Everyone has a chance to open a community uniting like-minded people.
41. Buying and Selling Websites
Launching the first business with minimal costs, you can use online services. With their help, in the beginning, you can develop a small application in an editor that does not require programming knowledge. Then, sell it for little money. If you have experience, you can fix and customize any unsuccessful project in the network and sell it after. Some knowledge on how to sell online is still necessary.
42. Healthy and Gluten-free Snacks
In our modern system of values, one of the key roles is assigned to proper nutrition and a healthy body, without which today's happy existence is almost impossible. Every day we try to become healthier, more beautiful, stronger. We learn about new nutrition systems, diets, exercises, trying to make our life better and more comfortable. One of such systems is gluten-free nutrition. This type of food is recommended not only for people with gluten intolerance but also for those who want to avoid this disease, live healthily and happy.
43. Sell Solutions to Problems Around You
People are searching for solutions for different problems. Create or find a solution to a particular problem and sell it.
44. Online Wedding Portal
Is not it a great idea to offer all the products and services together for your beautiful event? Everything from wedding planner to photographer, bridal dresses, jewelry as well as venue rental service.
45. Sell What Others Don’t
Such huge marketplaces like Amazon and eBay sell many different things, but there are some products they do not offer. Check out some products and services, which are not widely sold and go ahead.
Do you dream to be a business owner? Do you want to try yourself as an entrepreneur? Are you looking for inspiration and the best small business ideas 2018? Any business starts with good business ideas. What inspires a businessperson cannot always give them money and success. How do you choose a business idea if you are going to try yourself in business?
It is possible that you will be able to find a new solution to an old problem, and this will be your competitive advantage! Work out various business startup ideas to build a prosperous company. Hopefully, our list of e-commerce business ideas will help you find your niche in 2018.