10 Highly Profitable Ecommerce Business Ideas

Piyush Mishra Piyush Mishra
Apr 14, 2020 7 min read
10 Highly Profitable Ecommerce Business Ideas

ECommerce is a business trending at present due to its increased convenience that it provides to the customer. All the activities of commercial transactions which include transfers, Supply Chain Management, electronic marketing, EDI and distribution of goods and services are integrated by an electronic system. This convenience and quick buying decisions make Ecommerce businesses achieve scale much faster than their brick and mortar counterparts.

Ecommerce refers to the science of buying and selling of the goods and services over an electronic network, known as the internet.

However, in a survey done by the Indian Government shows that demand is at a continuous growth of 12.79 % a year. Current active e-commerce penetration in India stands only 28%, with lots of room for improvement, India's retail Ecommerce is projected to reach 23% from 2016 to 2021.If you are looking to start an eCommerce store then here are some business ideas which you should try out.

You can also have a look at our list of Business Ideas With Low Investment and High Profits

ECommerce Business Ideas

Fashion products/service
Online Food & Grocery Services
Travel Agency Business
Online Health Services
Artificial Intelligence
Startup Consultant
International Shipping
Online Interior Designer
Pet Care Job
Online Education Services
Ecommerce - FAQ's
Conclusion

Fashion products/service

With the increase in the demographics of people who live an urban lifestyle where time and convenience is more valuable than money, people rely on Ecommerce website to fulfill their fashion needs

Online Fashion Market
Online Fashion Market

Especially in the Fashion industry, there is a huge demand for niche products and services. This makes niche fashion websites massively popular as they serve their audiences with the latest trends. Even though the fashion industry is pretty crowded, there are still people who cant find what they are looking for.

Creating quality brands that specializes in simple and minimalistic clothing is one such niche that targets the millennial demographics and could be a profitable business opportunity.

ONYCHEK and Tucker Blair are good examples of what the fashion industry needs


Also Read: 10 Best Online Marketing Tools for your Business


Online Food & Grocery Services

One of the most lucrative markets after 2020 is the online food and grocery business. This market has continued to develop as mobile apps become increasingly popular and are used by billions of people.

Online Grocery and Food Shopping
Online Grocery and Food Shopping

Given the wide range of products and equally huge market, the food and grocery industry far from saturation. More and more people in urban areas are quickly shifting towards local produce and markets. As we can see, consumer behavior in the food industry is transforming thanks to emerging technological and Ecommerce trends.

As an entrepreneur you can start small with local vendors and produce. Once your profits increase, you can easily scale up your business by establishing and improving relationships with your vendors.

Food-Tech Startups In India | Best Indian Food-Tech Startups [2021]]
India has a humongous food industry, the sixth largest in the world. Retailstartups account for about 70% of the total sales in this segment. According toreports, the food and retail market will be worth $ 828.92 billion by 2020. Thefood-tech industry is growing rapidly with the emergence and dev…

Travel Agency Business

A large number of Millennials wish to travel. Although, the process of travel is complicated by the lack of information about the destination they are traveling to and other hassles such as accommodation and transportation. This opens up a huge demand for online travel agencies which can incentivize the traveler and book hotels and transportation in a jiffy as well as providing curated content about the destination, hence making the life of the traveler easy!

The precious time saved in planning for a trip makes this business solve a huge problem for millennial travelers. Ecommerce business has flourished in this segment and a very personalized service curation is required in this segment which can give you the best customers for your business. Travel industry is all about how satisfactory your customer’s trip was. So, while starting up with this be quality-oriented.

Online Health Services

Unsurprisingly, even the healthcare sector has begun to creep into e-commerce territory with apps like Practo, Doctor2U and YourDoctors. Even though each service works on different business models, the underlying concept is the same: doctors offer advice over text or chat to patients.

By making this service online, the need to physically visit a doctor is eliminated which saves both your time and your doctor's. However, this does not substitute the need for in-person visitations but is useful to determine if an examination is necessary or not.

Artificial Intelligence

Artificial Intelligence
Artificial Intelligence

This idea may sound strange, but this is very helpful for everyone. You can create a startup business with the concept of artificial intelligence. It enables companies to gather as well as investigate data in real-time, thus facilitating more efficiency and competence in business.

The customers are provided with a personalized experience of knowledge about their preferences. Some examples of Artificial Intelligence in Ecommerce are

1. CRM

2. Internet of Things(IoT)

3. Chatbots

4. Product Content Management

The Rise Of E-commerce Industry In India
With growing internet penetration and disposable incomes, people of India areexperiencing a massive change in their shopping habits. People from all frontsof life are using their smartphones to buy products and items. With the bigthreeβ€” Amazon, Walmart, and Alibabaβ€”entering the E-Commerce sector …

Startup Consultant

In the upcoming ecosystem of startup businesses, startup business consultants have a major role to play. A large number of people starting a new business do not understand the nitty-gritty of starting up a new business and need online experts who can advise them in the right direction to make the process of starting up seamless. People prefer online consultants these days as they look for solutions on the internet with the advent of the digital revolution.

International Shipping

The lack of services in the field of shipping to and from overseas has made many people complacent with online shopping from Indian e-commerce. This presents a huge opportunity for international shipping startups that can book pickups at the mere click of a button.

An international shipping startup can be an alternative for those who wish to send products overseas or bring in goods from abroad. With international shipping, people will be facilitated in terms of delivery of goods and increase the convenience of the globalized Indian online consumer.


Also Read : List of Logistic startups in India


Online Interior Designer

Online Interior Designer

Interior designing is important for people who want to have a new home, but can not afford to employ an architect. An interior designer is someone who has the creativity, skills, and knowledge required to design a beautiful and functional space. Online interior designing is a practical as well as cost and time-efficient solution to make a structure of the house and a model home desired by the user at the convenience of their home internet.

Online Education Services

If your have expert knowledge of a subject, industry, or simply found a new way of doing things, then why not make a course about it?

With expected sales at $286 billion in 2023, a whopping 80% growth from the figure recorded in 2017, this makes for a good online business.

People are disappointed in both private and public educational institutions. One tends to be very costly and can only be afforded by a few while the quality of education in public institutions is dismal. Although there are many online courses, the demand for good and cheap education is at an all time high.

Online Education
Online Education

Also Read : How does Crowdfunding Work to Raise Money for Startup


Ecommerce - FAQ's

What are the features of E-commerce?

The features of e-commerce are non-cash payment, service availability (24*7), Improved sales, support, advertising and marketing, inventory management, communication efficiency, faster, reliability, less time-consuming, on the go service, and saving time. It is available at any time and anywhere, helps in making better management of product and services.

What are the different e-commerce business models?

The different e-commerce business models are Business to Business (B2B), Business to Consumer (B2C), Consumer to Consumer (C2C), Consumer to Business (C2B), Business to Government (B2G), Government to Business (G2B) and Government to Citizen (G2C).

How does e-commerce work?

When a customer needs any product to buy, a customer goes to the website and choose the product that he wants to buy. After the selection of the product, a customer will select the mode of payment whether it is online or offline and after that product will checkout and order. The ordered products information has been exchanged with customer and delivery logistics. This process is being done in just a matter of minutes only. For e-commerce enablement, getting internet merchant bank account, webs hosting, obtaining the digital certificate, provider for online transactions, and purchasing or creating the shopping cart software.

Tell us which different sector e-commerce applications are available in the market?

The applications are mainly available for many different sectors or areas, from those areas some are like books, music, financial services, home electronics, mobiles, entertainment, apparels, travel services, toys, movie tickets, information, gifts and computer products, accessories etc.

Conclusion

Basically, to start any business a person needs passion and constant dedication. Person should be able to identify specific demand and the target customers for his products and services. We hope this list of online business ideas will help you to start your own business.

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