In the current era, terms like best startup business idea and online ecommerce business have become a part of each conversation. However, a decade ago, few people in the technological corridors used such terms. The fact remains that internet has made it easy for anyone to launch their own startup. Gone are those days when you required high technical knowledge and huge resources to launch startups. Today it is all about an innovative idea and proper execution.
The need of a good business idea and its right implementation is always there. It is just that the internet has opened door for many money making and business ideas that were not possible before. Below is the list of such ideas to consider if you are planning to make money, using internet or start an online ecommerce business.
#1 - Start a Multivendor eCommerce Store
Ecommerce sector is booming, and in coming years it will only grow bigger. It is speculated that the sector would see a phenomenal rise of 30% in the next few years. Therefore, launching a multivendor marketplace like Etsy or eBay is obviously a good startup idea. Multivendor ecommerce stores simply provide the gateway where different online retailers list and sell their products. As the website owner, you take a fixed commission on each item sold on your website and remain completely free of the overhead of product storage and delivery. Pro tip, launch a multivendor store focused on a highly targeted audience.
How to begin?
By using a readymade multivendor ecommerce store clone script, you can have your business up and running in no time and at a very low cost. YoKart, clone script for multivendor stores, is available only for $250 and offers all the features that major multivendor ecommerce platforms provide.
And don’t forget to invest money, time and efforts to market your business online during the initial phase. (Same goes for the other business ideas that follow.)
#2 - Run a Daily Deal Portal
Daily deals portals like Groupon and LivingSocial inform people about the local deals in their area through email notifications. On the other end, such marketplaces also help merchants in getting more customers. Consequently, daily deal portals (global or local) have gained much success in recent years. Since many local markets are still out of reach of these portals, there is a huge scope for startups in this marketplace.
How to begin?
Here again, we would suggest you, to go for a software solution to save time and money instead of building a daily deal website from the scratch. You can check out Yo!Deals, a daily deal platform which incorporates all the major features of several daily deals website into a powerful and complete package.
#3 - Launch a Grocery Shopping Website
People are developing a habit of buying everything online. Buying grocery online is the latest passion for online shoppers. Especially, in a world where our time is increasingly consumed by our work, grocery shopping is really a task where they want to save some time. And this notion is mirrored in the success of online grocery shopping platforms across the world. Thus, it is a no-brainer for any aspiring entrepreneur that opening a grocery shopping website is a good business decision at the moment.
How to begin?
The best way to launch a grocery shopping website is by using Growcer. It is a ready to use website script for online grocery shopping platform, developed based on high-end features of existing grocery shopping websites. Growcer is cost-effective and offers a hassle-free website setup.
#4 - Run an Online Custom Clothing Platform
Custom clothing websites are very popular these days. In addition, they are certainly the platforms that future generation will use to dress more smartly, rather conveniently. These websites allow customers to choose fabrics, provide their measurement, style specifications and get custom-made clothes delivered at their doorstep. The custom clothing marketplace is only a couple of years old. So if the idea entices you, this is the right time to dive in.
How to begin?
Check out Stitch, an advanced readymade solution that incorporates best features of top custom tailoring websites. Use it to build your online custom clothing platform in no time and at a very low cost.
#5 - Become a Service Reseller
Ecommerce industry has evolved over the years, as new and new business models come into existence. One such industry that has seen immense growth is the online service marketplace. There has been a huge demand for service marketplaces but very few have been able to make a name for themselves. This sector is expected to reach $5 billion in the next few years.
How to begin?
You can take a look at Yo!Gigs, a robust turnkey solution aimed at startups looking to launch a service professional marketplace. It has advanced and innovative features like end-to-end communication, review system, bidding as well as task management. The robust script delivers cutting-edge functionality at economical pricing.
#6 - Launch a Marketplace for Freelance Writers
Professional freelance writers are in high demand these days, especially essay writing, research paperwork, and other academic content. This is the reason why peer-to-peer freelance portals have gained so much success in recent times. These platforms connect freelance writers with clients in need of academic writing work. The work is done in parts and after completion of each part, writers get paid. And website owners get a cut from this payment.
How to begin?
PaperWeight is the right product to use if this online business idea prompts you. With this turnkey solution, you can have a feature-rich and high-performance academic writing website in no time and at a relatively small investment.
#7 - Build a Platform for Online Food Ordering
Today’s high-tech generation seeks convenience in every task. Probably, that’s why online food ordering portals like FoodPanda, GrubHub, and Eat24 have become such a rage today across the globe. These websites only list the restaurants, their offerings and provide the gateway for ordering them online. Delivery is handled by the restaurants. Online food delivery portals are certainly the need of the hour. So, launching one is definitely a good business idea.
How to begin?
Instead of going through the tedious work of building the website from the ground up, build it with a turnkey solution like Yo!Yumm. This food tech platform will surely save you a huge amount of time and money.
#8 - Start an Online Cab Booking Platform
The online cab booking marketplace has its own special place in the booming ecommerce sector. While there are many international brands in the marketplace like Uber, national brands like Ola Cabs (India) and Didi Kuaidi (China) making their mark, the market for more platform is in huge demand. This in turn surely opens a window for aspiring entrepreneurs looking forward to launching a local cab booking platform.
How to begin?
Like for all the other ecommerce marketplaces discussed in this post, our suggestions for launching your cab booking platform is same – launch it with a software solution like Yo!Cabs and have it functioning in a blink of an eye.
Recommended Reading: An end-to-end guide to building an advanced cab booking platform.
#9 - Launch an Online Membership Portal
Competition is cut-throat, and businesses are trying every possible trick to reach their target customer first and with the best deals. Amidst the hubbub, online portals that provide customers a side-by-side comparison of service providers of a particular industry and geographic region are trending presently. These portals primarily list services and packages of membership-based local businesses like gym, spa, coaching classes, dance studios, etc. As the website owner, you get a cut from the sale any local business get through your website.
How to begin?
One way is to first study such websites to outline crucial features and then find a web design & development company to build it from scratch. Or better, build a feature-rich online membership portal using Yo!Memberz and get it running in no time.
#10 - Start a Fitness Trainer Search Portal
Nowadays consumers are very particular about their health and fitness and this is where online fitness trainers search portal comes into existence. More and more people are now inclining towards personal fitness trainer rather than hitting a gym. A search portal, which bridges the gap between trainers and consumers, will surely be a hit among the masses. If you are interested in launching a startup catering to a niche market then such a marketplace is best suited for you.
How to begin?
Yo!Fit is a cutting edge software solution aimed at launching online fitness trainer search portal. Built on the secure architecture it offers some of the most innovative features like robust CMS, review, and user management.
#11 - Start an Online Car Marketplace
Buying or selling a car has always been an arduous job, but thanks to the internet, the whole process has become seamless. Nowadays consumers prefer to first conduct research online and find a buyer/seller without shedding a sweat. Such marketplaces are in huge demand as they not only offer in-depth analysis of automobiles but also present a viable platform for sellers and buyers to come together.
How to begin?
Without any doubt, the best way to launch an online car marketplace is to use a turnkey solution like Yo!Drive. It is a powerful and complete package offering features like advanced car search, smart comparisons as well as ease of implementation.
#12 - Create a Marketplace of Professionals
There are times when consumers are in a lookout for lawyers, doctors, real estate agents or any other type of professional. The best solution for them is a professional search marketplace. Such websites are highly popular among the consumers as they cater to a niche. For example, a doctor search marketplace, or a real estate agent search marketplace. The overall market for such websites is huge and offers immense growth potential.
How to begin?
There is no better option for creating a professional search marketplace than Yo!Pro. It is a feature rich platform, which offers a wide array of flexibility as well as customization for creating a marketplace catering to a niche sector. In addition to it, the platform is mobile friendly, Search engine optimized and has social media integration.
#13 - Start a Classified Ads Marketplace
The Internet has become the window of information, where anything can be accessed. The overall flow of information has also become seamless. To leverage upon that a classified ads marketplace can be an ideal business to invest into. It has the growth potential, where users can easily post ads ranging from products to services. As such marketplaces are locality based, there is huge room for new ventures to explore.
How to begin?
You can check out a phenomenon platform called Yo!Tree that makes it easy for any entrepreneur to launch a classified ads marketplace. It is a user engaging and feature-rich solution, which does not require any advanced technical knowledge for launching the website.
#14 - Create Presentations & Videos for Businesses
Do you have an eye for good design and required skills? Do you often have cool creative ideas that you don’t know where to implement? If yes, then, use these talents to create professional presentations & promotional videos, and help out businesses in their marketing campaigns & bag a good amount of money. Many businesses, especially startups, outsource such kind of work; so, there is no lack of opportunities if you are giving this idea a thought.
How to begin?
In order to attract more clients and get more business, you need to be a little outgoing. First step is to get a nice and professional looking website for your presentation business. Create a few demo videos and presentations and showcase them on your website. Let the world know about your talent. You can also take some insights for creating business presentation from here.
It is understood that not every business idea discussed above is feasible to everyone. Important thing is that, whichever idea you choose, stick with it and make consistent efforts to get things going. Also, don’t forget to do additional research after you are set upon a particular online business idea.
In case you have any other questions, please mention them in the comment section below. We would love to be of further help to you. Do you know about an online business idea that deserves a place in our list? Mention it in the comments section and we will look into it!
