Are you interested in starting an e-commerce business? Then below are the top 20 great e-commerce business ideas you can start from home with little or no money in 2020.
With the advent of the internet, transacting business online has now become more popular with smart entrepreneurs struggling to get a piece of the cake. Transacting business online exposes your business to a large customer base and makes it possible for you to run your business either as a full-time or part-time thing.
E-commerce businesses can be conducted at any time of the day and it’s easy and flexible to set up. Without wasting time, below is a list of top 20 E-Commerce business ideas that you can start conveniently:
Top 20 Great Unique eCommerce Business ideas to Start from Home in 2020
1. Domain Name Brokerage
Domain name brokerage involves registering or purchasing dot-com names and reselling them at a higher price later. Domain name brokers usually target names of big businesses that have not registered their domain names yet and offer it for sale to the companies. This is a business that can be run from the comfort of your home.
2. Become an E-Commerce Consultant
Transacting business online is much more technical than doing it in the real world, which is why a lot of people search for experts in this field that would see them through and help them establish their e-commerce business, help them build and improve their websites, show them how to hawk their products on the internet and build an effective mailing list for them.
You can become an E-Commerce consultant and earn up to $1,000 daily. There is a professional institute of E-Commerce consultant where you can register for training and become certified.
3. Online Scholarship Directory
Yearly, students look for scholarship opportunities to help them in financing their studies and there are thousands of such scholarship opportunities but lots of students don’t have an idea of where to find them. You can make money by creating a members only website where people can subscribe for daily scholarship information at a fee.
This business involves compiling a list of discounts available and supplying this information to your subscribers via e-mail newsletter. You can also help to sell some of these products and make money from it too. On your website, you can have people come and advertise their products and services for a fee.
5. Become an Internet Trainer: There are a lot of people out there who know so little about the internet and are willing to hire you to train them on how to make better use of the internet.
6. Event Ticket Sales
Comedy shows, Movie Premiers, Music shows and such events sell entry tickets to brokers at a discount who now sell it to others on their behalf. You can create a website and start selling event tickets to people online.
7. Information Consultant
Big companies seeking to create new products or beat the competition, Research institutions as well as professional groups all rely on information to take major decisions. If you are a person who loves carrying out research and gathering information, you can become an online information consultant.
8. Online Children’s Camps
During the holidays, parents look for ways to keep their kids busy and occupied. A lot of parents send their kids off to holiday camps but quite a number of parents cannot bear to part from their kids for few weeks so instead, they enroll them on online camps.
You can start your own online children camps. You can also help parents locate holiday camps close to them by putting together a list of camps and having them pay for it in form of annual or monthly subscription charges.
9. Escrow Payment Solutions
With a lot of buying and selling going on the internet, the issue of payment and delivery is usually a challenge. A lot of people have lost huge sums of money due to paying for goods which they never get.
You can help to solve this problem by creating a payment platform where you would act as the middle man between the buyers and sellers and accept payment on behalf of the seller which would only be released when the buyer receives his purchase and is satisfied with it.
Recently, I was going through a business forum and I saw a particular topic created where advice and assistance were being given to car owners who had issues with their vehicles and there were so many people interested in one information or the other, so I thought to myself “What a wonderful business opportunity” so I decided to check if there were people offering such services on the internet and I found out there were few of such businesses.
If you have good idea about automobile and machine repair, or you know where to get spare parts cheaply, you can start an online auto-care business.
11. Jewelry and Accessories-: You can also make money from selling jewelries and accessories for ladies on the internet.
12. e-Book store
E-books are gradually replacing paperbacks and there are lots of e-books out there that you can sell and get your commission. You can also make money from selling educational books, motivational books, audio books, tapes and CDs in your online bookshop.
Help brides look good on their wedding day by selling wedding supplies such as wedding gowns, rings, invitation cards and other wedding items online. You can also start a wedding gown rental business.
14. Pet Care and Supplies-: Selling pet toys, foods, shampoos and other supplies needed to take care of pets is another trending e-commerce business opportunity.
15. Software Development and Sales-: Are you tech-savvy? Can you build software or android applications? You can make money from building software and applications for sale.
16. Currency Exchange Services
There is a lot of international buying and selling going in the world and people generally need to exchange currency to be able to purchase items from other countries. With a domiciliary bank account and online internet banking platform, you are ready to start your own online currency exchange business.
17. Online Vitamin Sales
Have you ever thought about writing articles about health products and then making money from selling such products? You can make money from selling vitamins, herbal supplements, skin care products and weight loss products online.
18. Personal Shopper
A lot of people hardly have time to shop while some others do not trust their own decisions. You can make money from becoming a personal shopper who makes purchases on behalf of people according to their preferences and unique tastes.
19. Network Marketing-: You can also become a network marketer who sells MLM products to people on the internet.
20. Adult Shops-: Adult shops are shops were products that help couples improve their sexual life and intimacy are sold.
In conclusion, I want you to know that e-commerce business is very lucrative as it helps you eliminate a lot of overhead and running costs and brings buyers closer to your business.