It is believed there are up to 24 million eCommerce sites on the web. Although the exact figure is unknown. Whatever it is doesn’t really matter. Because it’s easier than ever to set up an eCommerce site. But you need a niche. So here are some trending eCommerce business ideas.
Legal CBD and Hemp Products
The whole debate about legalizing cannabis is all but over in some countries. No one thought it would happen in the US, but it did in some states like California. Smokable is obtained with a prescription. But there are numerous derivatives you can smoke if cannabis itself is too strong. These include the various types of wax dabs. Additionally, you can get CBD products such as drinks, gummies, and other edibles. CBD doesn’t get you high like THC. But it has some positive effects such as stress relief, helping you sleep, and reducing overall anxiety.
Trending eCommerce Business Ideas Include Printing
On-demand printing is a burgeoning industry, and it’s popular because it’s pretty easy to manage. With a basic website built on a platform like Wix and some relatively inexpensive equipment, you can be up and running in a day or two. While you can take orders for simple photograph printing. There is a growing trend for more exotic prints. These include mugs, tote bags, t-shirts, and even office supplies. On-demand printing services offer great value for money and make excellent gifts. But you could also cater to large corporate events with larger orders.
Hand-Crafted Home Decor
There are many talented people out there who love nothing more than making furniture with their bare hands. If you are one of these individuals, then you can make a living online with a hand-crafted home decor eCommerce site. Of course, people will pay more for something that is unique and only they have. However, you could mass-produce a specific item and charge less if it’s easier to do that. Upcycled items are popular these days. And if you need experience before developing your own site, try selling your crafted items on Etsy or eBay first.
Smart and Green Technologies
New technology is pushing us forward into cleaner and smarter homes. As a result, there is a demand for smart technology and green technology. And even more for a combination of the two. Especially technology that can help people save money, given the current cost of living crisis. For example, smart thermostats can help you save up to 15% per year on your energy bills. And combined with other technologies, like automatic switches and smart lighting, the savings just go up. But more importantly, they help to make your home more sustainable.
White Label Product and Services
White labeling is when you package a product or service as your own and sell it as such. Even though it has been designed, developed, and made by someone else. The beauty of this is that all you need to do is come up with clever ways to market. Here are some popular white labels:
- Essential oils such as lavender, ginger, and rosemary extracts.
- Cosmetics of all kinds, from makeup to bath products.
- Sustainable products made from materials like bamboo.
- Children’s clothing for going back to school or summertime.
- Web hosting services from major online companies.
Almost anything can be white label. Because all the work has already been done for you, they make a great eCommerce business. Additionally, you don’t have to deal with customer support or liability issues because you did not manufacture the items. All you do is build your site.
Non-Fungible Token Trade
An NFT is simply a one-of-a-kind digital item such as a work of art, piece of music, or video game asset created with a computer. You can trade NFTs using the blockchain, similar to Bitcoin. This means you can transfer ownership of something in a safe and legal way that can’t be illegally changed. Therefore, there is a growing industry for digital assets. As an eCommerce platform, you could create digital assets with assigned NFTs and sell them. Or you could act as a third party and take a cut of any sales. Like a digital art broker selling stuff online only.
Subscription-Based Advice Services
Not all eCommerce businesses need to sell physical products. You can sell services too. One of the most popular services at the moment is money-saving advice. You can develop this service as a subscription-based blog platform where you can offer free advice. You could also ask for donations for legal advice as a loophole around being a legally qualified lawyer. However, you will require qualifications in almost all countries for more direct legal advice. Further, you could monetize your site with affiliate marketing and paid ads for related products.
Delivery is Among Trending eCommerce Business Ideas
The pandemic meant that online shopping and delivery services exploded. Amazon alone saw a 400% increase in profits during the worst lockdowns procedures. And the trend of getting everything delivered has stuck. Therefore, there is a market for it as a viable eCommerce business. Pretty much any physical product could be the subject of your business. Or you could take orders, physically obtain something and deliver it to the customer. However, you can make more money with specialized options like refrigerated or air-controlled delivery systems.
Selling Sustainable Brands
Sustainability is a huge deal these days. And the market is growing. There are already many eCommerce businesses that focus on sustainable products. But there aren’t too many that competition is impossible. For example, you could develop a site that sells sustainable fashion, repurposed furniture, or organically made housewares. While the market for sustainable items isn’t anywhere near synthetics, it is growing rapidly. And now is a great time to get behind the movement and get your foot in the door before the massive brands begin to do so.
Summary
Developing an online business isn’t as much of a challenge as you might think. There are numerous trending eCommerce business ideas you can leverage right away. Some of the most popular include legal CBD and hemp products, hand-crafted furniture, and trading digital NFTs.
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