I am sure that many of you would like to know about new business opportunities and ecommerce business ideas that you could translate into reality.
If you don’t already have your own profitable online business, then you are at risk. Do you think this is a joke? Maybe 10 years ago they would have laughed at me, but in our time of pandemics and lockdowns, having your own online business is considered a very smart idea.
Many years ago, I kept repeating the same phrase that fantastic films about people sitting at home and shopping only online are not so fabulous.
You see that the world has changed and many people live only online, buy clothes and cosmetics on the Internet. Even food is already available everywhere online. You can order virtually any product and have it delivered to your door.
Why wait for a miracle, or look for work offline? Choose any of the ecommerce business ideas and start making money on the Internet yourself.
What are the most profitable ecommerce business ideas?
- 1 What are the most profitable ecommerce business ideas?
- 1.1 1. Build an Online Store
- 1.2 2. Selling eBooks
- 1.3 3. Start a Freelance Business
- 1.4 10 Steps To Start a Freelance Business
- 1.4.1 Decide for yourself what are your main goals at this stage of life.
- 1.4.2 Find a niche where you won’t have any competitors, or you can be a leader.
- 1.4.3 It is very important that you define for yourself the type of customers you would like to attract.
- 1.4.4 The next step is to determine which prices to set for your labor.
- 1.4.5 Do not forget to prepare a portfolio site.
- 1.4.6 Create a blog where you can briefly talk about your work from time to time and show your expertise.
- 1.4.7 There is no need to chase every client, because it often happens that we ourselves are uncomfortable working for capricious clients.
- 1.4.8 Gradually try to get the bigger companies to pay attention to you.
- 1.4.9 Learn to market yourself.
- 1.4.10 There is no need to quit your main job until you are 100% sure that freelancing has already started to bring you a stable income.
- 2 Conclusion
When a few years ago I wanted to find a few profitable ecommerce business ideas I created my first dropshipping business, which started to bring me the first profit. Over time, I have accumulated vast experience in this area and began to receive more and more profits.
Today we will consider with you how to create an online store and start making profit from it. You will also learn about new trends in ecommerce and will be able to choose the online direction that you think is the most profitable.
1. Build an Online Store
In order to create your online store you only need a domain, a reliable web hosting and if you want to create a website on a website builder, then you can also choose one that suits you best for your business.
Even if you do not have any skills to create your online store, you can create a simple online store in a matter of minutes. Absolutely right! No programming skills or digging into complex programming code. The simplest online stores can be created using website builders.
You can always start by testing one product. When you learn to understand how advertising on Facebook or Google works, then you can expand the range of products in your store and start earning more.
Even if you do not have skills in online advertising, you can always go to Fiverr to find freelancers there who are ready to help you in setting up online advertising and increasing your sales. Look for those persons who don’t charge a lot for their work, but still do it well.
At the moment, non-standard products are welcome, such as art objects that you painted yourself, or products in non-standard packaging. However, simple products like hair dryers or electric combs are also always in trend.
In any case, do not think that everything is very complicated here. On the contrary, you create a simple website, test the product and get the result. Even if it is not entirely positive at first. You are learning. Then, gradually, you will start making a profit and understand how easy it is to make money in ecommerce.
2. Selling eBooks
We live in a time when everyone urgently needs certain information and you will not believe it, but you can make great money on this. There are tons of famous content writers who make a living selling their ebooks.
I believe this is one of the most profitable ecommerce business ideas of our time. Of course, you need to spend some time here, but in the end, if you manage to gather an interested audience around you, then you will be adequately rewarded when you start asking for money for your work.
Before you start creating your electronic masterpiece, think about whether such a topic will be interesting to a wide audience.
In any case, you can conduct a survey in niche groups on Facebook to understand which problems your potential audience has, then it will be easier for you to understand which solution to offer them.
The next step is to research the competition. Here it is important to understand which popular niche ebooks are already on the online market and what you need to do to write the better content. Then you need to think about what price to set for your creation. Also, do not forget about how you can offer an upsell, and only then, when you understand that your audience is ready to start buying it, set a launch date.
Of course, there are many other nuances here, but you will already understand this when you yourself begin to gain experience in selling e-books.
3. Start a Freelance Business
You know that nowadays there is a growing number of those who wish to start their own freelance business, so that they no longer think about the fact that they will have to go to work until retirement.
Many companies are looking for talented web designers, programmers, content writers and other experts all over the world. Indeed, in order to hire a person to work, the company needs to pay high salaries, taxes, rent an office, pay for insurance for an employee and still bear many costs associated with opening an offline business.
Moreover, at the moment in the world there is such a difficult situation with the closure of offline shops, theaters, restaurants and other places where people spend their time, that many started to work as freelancers. In my opinion today, this is one of the most acceptable ways to start getting good money for your work.
Let’s take a look at the basic steps that will help you start your online freelance business.
10 Steps To Start a Freelance Business
Decide for yourself what are your main goals at this stage of life.
Think about whether freelancing will become your main activity, or if you just want to earn some money on the side. Do some hard thinking whether you are ready to become a chef for yourself, or you still want to work for some company in order to gain more experience. When I started out as an online entrepreneur, I worked as an employee, but also strove to gain experience selling goods on the Internet. Then I gradually switched to an online business and quit my main job
Find a niche where you won’t have any competitors, or you can be a leader.
There are many freelancers in the world who offer to create, for example, a website for mere pennies, but the quality suffers. Your task is to become someone who can not only, say, create high-quality sites and stand out in the service market, but also provide excellent technical support. You can also narrow the niche of the services offered. Let’s say to create websites on a special engine, or to create only infographics if you are a web designer.
It is very important that you define for yourself the type of customers you would like to attract.
Think about which websites they can visit etc. Gradually, you will understand exactly where your customers are.
The next step is to determine which prices to set for your labor.
A very low price can scare customers away. They may think that you are not qualified enough to provide a quality service. You should also not inflate prices, as customers can go to your competitor. Your prices should be based on what you deliver at the end of the job. Customers must clearly understand what they are paying for. Then they will be ready to pay.
Do not forget to prepare a portfolio site.
Your clients can see what kind of work you have and evaluate the quality of the services you provide. The client will immediately appreciate the style of your work, your skills and understand for himself whether he wants to work with you or not. So create an awesome portfolio in order to pleasantly surprise the future client
Create a blog where you can briefly talk about your work from time to time and show your expertise.
If you are a web designer, then you can write articles on how to work with Photoshop and what new and interesting photo collages you can create. This way you will be able to attract even more customers from search engines, plus customer confidence in you will increase.
There is no need to chase every client, because it often happens that we ourselves are uncomfortable working for capricious clients.
They themselves often do not know what they want, they often change tasks already in the process of work and try to teach us how to do the job. Avoid those clients with whom you are wasting your time and choose those with whom you are comfortable working.
Gradually try to get the bigger companies to pay attention to you.
Mention these companies on your blog, write cold emails to them trying to show off your portfolio. Do your best so that you can work with big established brands and then mention them in your portfolio. Then it will be easier for you to find orders and I’d say you will no longer be looking for them, and other customers will be eager to work with you.
Learn to market yourself.
Your future customers understand that you are exactly the one who they need.
There is no need to quit your main job until you are 100% sure that freelancing has already started to bring you a stable income.
If you don’t have the energy to freelance after your main job, take a break and read articles on how to get more income in a freelance business. This will help you understand what other opportunities you have in this area.
Here are some of the most profitable ecommerce business ideas you can apply.
My recommendation is to pick one business idea from this list and start developing it. Over time, you will see that your actions bring results.
I am sure that many of you are already familiar with these business ideas and someone may even have tried to implement some business ideas in life, but it did not work out. This is all because you need to go towards your goal slowly but surely, then everything will work out for you.
Don’t try to become a freelance millionaire in a couple of weeks. Sometimes it takes 1-2 years to reach a very good financial level. Give yourself time and take small steps every day towards your main goal. After 1-2 years, you will see very good results.