5 Types of Ecommerce Businesses to Start Today
Ecommerce is one of the fastest growing segments of retail. According to Straits Research, the global B2C ecommerce market is projected to reach USD 8,016 Billion by 2030, growing at a CAGR of 8.05%.
Ecommerce business ideas
These are just a few types of businesses that you can start to get into the ecommerce world. They can all be started with very little investment so it’s a great way to get your feet wet in the world of online selling.
1. Online food business
The food and beverage industry is worth $1.2 trillion annually and is expected to continue growing. Getting into the food and beverage business as an ecommerce retailer can be very lucrative, and it may not even require you to touch or see the product. There are a ton of different edible products that you can sell as an ecommerce retailer. Everything from coffee to spices to tea to frozen foods. You can even sell raw ingredients such as whole grain flours or exotic spices.
2. Hardware & home renovation business
There are a lot of people out there who might be in the process of renovating their home, and they might want to shop for hardware online. These are things that you could easily source online and ship directly to the customer. You could sell anything from power tools to lighting fixtures to plumbing fixtures. You could even sell things like paintbrushes and paint rollers. You can essentially sell anything that a contractor or DIYer would need.
3. Fashion & lifestyle business
One of the most popular ecommerce industries right now is the fashion and lifestyle industry. Everyone shops for clothes and accessories, and there are a lot of ways to sell these products online. You can essentially sell anything from t-shirts to jeans to athletic shoes to cosmetics. You can also sell bags, housewares, and other accessories.
4. Electronic product business
There are a lot of people out there who are looking for the latest and greatest electronics. There are also a lot of people who are looking to get rid of their old electronics. Getting into the ecommerce industry by selling electronics can be very lucrative. Some of the products that you can sell online include headphones, speakers, computers, computer accessories, drones, and even smart home appliances.
5. Sports equipment & gear business
There are a lot of people out there who are interested in sports. Some of them may be interested in sports that you have never even heard of before. Getting into the sports equipment and gear ecommerce business can be very lucrative. Some of the products that you can sell include sports equipment such as baseball bats, hockey sticks, or soccer balls. You can also sell sports equipment such as a jump rope or a yoga mat.
Ecommerce is a great way for you to earn a passive income online with very little overhead. You can source your products online and then sell them on your website or one of the marketplaces such as Amazon. There are many different types of ecommerce businesses that you can get into. Most ecommerce businesses can be started with very little investment, so it’s a great opportunity for anyone who wants to get into online business.