COVID-19 came as an eye-opener for many businesses as they were not ready to face the heat of a pandemic. That left majority of people unemployed and in debt.
Everything went online, and the one industry that flourished in this time of crisis was the ecommerce industry and online business.
According to 99Firms Ecommerce Statistics, the ecommerce market is not only thriving, but it’s expected that more than 95% of all purchases to be conducted via ecommerce by 2040.
So, get ready to enter in 2021 with an aim to free yourself from the financial trap with these amazing online business ideas to have the safest employment in your own hand.
1- Go for E-commerce Business /Dropshipping
If you want to take the first step in entrepreneurship, you better start your own dropshipping business. As the name itself indicates, it simply defines a retail fulfillment method. Hence, the seller doesn’t have any store or inventory. As a result, the seller buys the product from the third party and then ships directly to the customer.
Dropshipping is undoubtedly one of the most profitable online business ideas, but you must keep the following points in mind before getting your hands on it. Moreover, selling products online through dropshipping is a simple process:
- First of all, search out the whole online market and make a list of the most demanding products on a reliable online marketplace. Therefore, it will become much easier for you to start your own online drop shipping.
- Look for the best suppliers and choose your e-commerce platform wisely.
- As you have an internet connection so that you can choose any flexible location for dropshipping.
All you need is some digital marketing techniques to find a relevant audience for your products and start earning revenue.
2- Choose Amazon FBA
Amazon FBA (Fulfillment by Amazon) is simply a service that helps you start an online store on Amazon. Therefore, you become trouble-free from the hustle of shipping and product packaging. Hence, all you have to do is; simply create an Amazon Seller Account and then upload the images of your relevant product. After that, you have to send the items to Amazon’s warehouse.
To sell on Amazon, you need to sign up as a professional seller and pay a relevant amount of fee that varies according to product and quantity.
Therefore, when the buyer purchases your product from Amazon, then Amazon holds all the responsibility. From picking up the desired product from the warehouse to packaging and delivery. Furthermore, Amazon deals with the matter of refunds and returns. You just need to list the items and leave all the rest to Amazon.
However, it is much recommendable if you order the product and then verify by yourself before sending it to the warehouse. Therefore, you can easily find suppliers for your Amazon FBA business from the following well-known market place:
- Alibaba
- Wholesale Central
- Salehoo
Moreover, if you want to validate your products and suppliers in a much easier way, then you can use the Amazon product research tool that is known as Jungle Scout and Helium 10. Hence, it will allow you to find out the best selling product on Amazon.
3- Sell Print on Demand Products
You can simply consider it as one of the kinds of dropshipping online business. Therefore, the Print on Demand service lets you sell their products, mostly includes; T-shirts, bags, mugs, etc. Whereas, you need to show them your designs which later on print on their products.
Eventually, you sell print on demand products on your own online store. Hence, all you have to do is create a replicated design and then list the products in your store.
When the buyer purchases your product, the print on demand service will do the rest, from printing the designs to shipping. Fortunately, all this procedure won’t cost you a single penny before sales.
However, once the sale gets successful, you have to pay the basic product’s price and enjoy the remaining amount as your profit. However, you need to consider the following aspects before opting for print on demand:
- You need to grab a particular slot to attract the audience with the designs of their interest.
- Be utmost creative, search on Pinterest to get creative ideas for catchy quotes and designs.
For example; If your target buyers are hunting enthusiasts, then simply type ‘Hunting quotes on T-shirts’ and see the wide range of creative ideas.
- Create your own designs on Canva, or consult a professional if you want to design a huge variety of products.
- Select a reliable POD service such as; TeeSpring, Printify, Printful, and Custom Cat. However, each site charges a basic product price and fulfillment service charges. Hence, you need to make a list of the products to earn a hefty amount of profit.
Wrapping Up:
Now you definitely have made up your mind. Hence, pick any one of your interest and let the online business begin. Initially, it will take time, but your passion will make it smoother ahead. Therefore, you need to start with all zeal and see the growth of your business empire.