on 21 November 18
Today, you no longer have to validate the statement that opening an online business is much easier and profitable in comparison to an offline business. People across the world know about it, which is why for quite some time they have been searching for profitable online business ideas. On the other end, blogger community too has been equally active to cater people’s need in this regards.
However, if you check online, most posts on this topic comprise pretty much the same business ideas all over again. Personally, I have grown tired of reading about the same old business ideas over and over again. So, I thought of doing some research to bring out some fresh online business ideas into the light.
It is possible that you might already be familiar with a couple of them, but I am sure with the data and marketing insights I have collected, you would see these business models with a different perspective.
Another notable thing about these online business ideas is that at present they are flourishing at a good pace and have the potential to go mainstream a few years down the line.
Without further ado, let’s learn about these potential online business ideas.
Online Custom Clothing Business Idea
Everyone knows that custom tailored clothes fit better. But the readymade clothing industry has picked up much pace in recent decades & has made everything so quick & convenient – first by introducing various standard sizes, later with online apparel stores – that the trend of custom tailored clothes remained limited to a few style conscious people.
However, in past few years, custom clothing industry has begun to regain its lost market by leveraging technology. Today, there are websites that have taken the entire cloth customization process online, giving control in customers hand to customize their clothes easily in a few clicks of the mouse, and get perfectly fit clothes delivered to their house. To name a few, IndoChino, Black Lapel, and Blank Label.
As a matter of fact, today, there are readymade custom tailoring systems to instantly launch such a website. If you are planning to enter this rising online sector, then Stitch is a pretty good custom tailoring system to go with.
Online Job Portal for Freelance Writers
A good part of people who search the internet for online part-time jobs or other online money making ideas usually settle with some sort of freelance writing jobs. There are millions of such people and you can imagine how much traffic websites that host freelance writing job listing must be receiving. But surprisingly, currently there aren’t many such websites that list jobs for freelance writers.
There is no doubt that writing services will always be in demand, especially when search engines give so much preference to fresh content. Needless to say, by opening an online portal that lists freelancing writing work opportunities, you’d be launching a highly profitable online business.
In past couple of years, a few such online platforms have been launched, which means that his online business idea is certainly on many business enthusiasts’ radar. In coming years, the popularity of such platforms will certainly grow, not just among people randomly searching for online jobs, but also among professional writers looking for online freelancing work.
PaperWeight Freelance Writer Marketplace system is the right good technology solution to instantly launch your online job portal for freelance writing job listing.
On-Demand Service Marketplace
Life of working class is becoming increasingly busy these days. Daily chores like grocery shopping, house cleaning, baby-sitting, taking kids to school, etc. take time, which people don’t have. Not everyone can afford to have full-time house keeper, but the idea of getting someone’s help once in a while is really appealing. And this fact is mirrored in the success of on-demand service marketplaces like TaskRabbit and Thumbtack.
Basically, these on-demand service marketplaces connect people in need of a service with people who have time or required skills to get that thing done. Of course, the service is provided in exchange of money, a part of which goes to the website owner as a commission.
As of now, these on-demand marketplaces have good presence only in North America & Europe. It is no brainer that other markets are also in need of such online portals. So, if you are planning to target a market other than North America or Europe, then an online on-demand service marketplace is certainly a good business idea to go with.
Start an Ecommerce Store Like Amazon, Etsy
People have become quite accustomed to buying things online these days. Considering this shift in the retail industry, businesses across the world have started selling things online. While it may already seem that online retail space is pretty much packed today, but according to a report by Statista, only about 8% of the retail space is online currently.
Apart from that, as of now, market penetration of ecommerce sector in regional areas is very low. New niche marketplaces are also emerging every day in the ecommerce arena. All these stats and trends further cement the fact the booming online retail space still has abundant of opportunities for new players.
Unlike other potential online business ideas, selection of technology solution for an ecommerce store is a bit tricky. There are solutions for single store set up, solutions for multivendor store, hosted solutions, self-hosted solutions, so on. Without proper research, you might end up with the wrong platform. So, it is really important that you first do a thorough research to choose the right ecommerce platform as per your specific business goals & needs.
Professional Search & Appointment Booking Website
Ever since the ecommerce boom arrived in the mid-90s, not only a good part of retail space has gone online, lots of service-based online portal have emerged as well. A popular business category in this service-based online sector is professional search web portals. Today, there are online platforms for searching professionals of different industries such as doctors, dentists, lawyers, real estate agents, beauticians, and so on. These professional search websites not only act as online directories but also allows people to schedule appointments with professionals.
Across the world, online professional search portals is a hit business idea, as over the past few years, people have developed the habit of checking things online. In many locations, there market penetration is less than other places. Additionally, there are many industries for which there are relatively less such portals.
These facts and figures leave a good room for new entrants in this booming online sector. To launch such an online platform, you can choose YoPro, a quite comprehensive online professional search system.
As mentioned before, all these online business ideas are growing at an impressive speed and have good scope down the line. For any aspiring entrepreneurs, opening one of these businesses would be a highly profitable deal. But before you go ahead with any of these business ideas, it would be better if you do a thorough market research to ensure this is the online business that you would be better off with.
This blog is listed under E-Commerce Community