Thursday, 1 August 2019

E-Commerce Business Ideas to Earn Money in 2019

E-commerce businesses are on the go with technology revamping traditional businesses. More industries are jumping on to the digital wagon. Starting an e-commerce business requires a lot of research to understand trends and a detailed understanding of what technology can offer – but given all the benefits the investment is worth the effort. If you don’t believe it, take a look at the following stats.

Statista confirms that in 2017, e-commerce was responsible for around $2.3 trillion in sales and is expected to hit $4.88 trillion in 2021. Alone in the US, e-commerce represents almost 10% of retail sales, and that number is expected to grow by nearly 15% every year! E-commerce is a growing domain with no signs of decline for 2019 and the upcoming years. The e-commerce industry would be the preferred choice for businesses and investors, and this continuous growth will promote higher competition in the field.

However, as the market for popular domains is saturating, the need of the hour is to come up with creative business ideas to exploit the e-commerce world. This article explores some exciting ideas for e-commerce businesses in 2019.

Automotive Industry

Automotive e-commerce is becoming a very profitable online business. The automotive industry is a vast online market that involves buying and selling car parts and accessories. This industry is likely to succeed in 2019 as Daily News confirms that by 2020, millennials will make 40% of new car buyers and 88% of consumers will use the internet to research their car purchases.

These figures are an obvious conclusion that the automotive e-commerce business is one of those profitable e-commerce business ideas that you can execute in 2019.

Women’s Accessories

Women’s online clothing is one of the most popular e-commerce niches. According to StoreYaBlog, the online clothing store is an $80 billion-a-year industry; therefore, a great idea to follow in 2019 would be to build an online store that accents the clothing industry – women’s accessories.

Women’s accessories usually feature as a category on several apparel stores but having an entire store dedicated to accessories such as jewelry, handbags, belts, etc is a business in demand.

E-commerce Service Provider

E-commerce service is the process of managing the back office, infrastructure and IT aspects of running an e-commerce business. The target market is online store owners who focus on selling their products and growing their brand.

As a service provider, you will have to deal with IT operations including building and maintaining the e-commerce website, taking care of servers and warehouse management. You will be a one-stop-shop for inventory and storefront management, marketing software, order fulfillment, and shipping.

You can add mobile design to your services to help clients build an app for their store and build your profile as a credible technology partner for enterprise businesses. Remember that you need excellent knowledge of IT and other related services to jump into this field.

Pet Products

The retail pet market is getting hotter every day. One of the most significant trends in 2019 is the growth of spending on pet consumes. Several records show that there are 8.5 million dogs in the UK and 7.8 million cats. indicating the growth of the pet industry. There are 20,000 monthly searches related to pet products, indicating an interest in e-commerce purchases of pet products.

Retailing online pet products is a great business idea and 2019 is the best time to get started.

Health & Beauty

Health and beauty are among the fastest-growing e-commerce categories. According to the estimates from the US Department of Commerce, Health and Beauty is a $300 billion industry and is likely to grow more. Everywhere we look – be it Facebook or Instagram, we see retailers selling health and beauty products. People are showing interest in the online purchase of personal care items. And 2019 will witness health and beauty among the top emerging trends.

Wrapping Up

Thanks for reading these five e-commerce business ideas that can make you money in 2019. We hope that now you would be able to make an informed decision about what to sell online from the following business ideas. To get started on the next stage, be sure you focus on product quality and customer service above all else. That’s about it from our side. Let us know your thoughts and ideas. The comments section is open for discussion.

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