E-Commerce is one of the hottest industries on the internet and is only going to continue to grow in popularity. If you’re thinking about starting an eCommerce business, now is a great time. There are many opportunities for businesses to succeed in the online space. In this article, we’ll be looking at the top 10 trending eCommerce business ideas that you can start today!
1. Mobile commerce
Mobile commerce, also known as m-commerce, is a type of eCommerce that refers to transactions conducted via a mobile device. This can include purchasing items through an online store or using a mobile app to make a purchase. M-commerce is growing in popularity due to the increasing number of people who own smartphones and other mobile devices.
Providing customers with the option to purchase using mobile devices is becoming the norm rather than the exception. According to statistics, mobile devices account for 61% of retail traffic, and 70 million individuals make online purchases on their mobile devices. Based on the anticipated expansion of this figure, we are convinced that mobile commerce will be one of the major E-commerce development trends shaping the future.
The justification is simple and obvious: mobile shopping is useful. In the world of today, being able to purchase goods from any location is essential. While traveling, customers may quickly compare products, conduct research, and make purchases.
There are several benefits of mobile commerce for businesses. For example, it can help you reach a wider audience since more people are using mobile devices than desktop computers. In addition, m-commerce can help you improve your customer service by providing a convenient way for customers to make purchases or get support.
If you’re thinking about starting an eCommerce business, then consider offering m-commerce as an option for your customers. Mobile commerce can help you boost sales and grow your business.
2. Artificial intelligence (AI)
Artificial intelligence (AI) is one of the most popular eCommerce business ideas. Numerous businesses have already started to invest in AI and its applications in various industries including retail, healthcare, finance, and manufacturing.
One of the major benefits of AI is its ability to automate tasks that would otherwise be performed by human beings. This can help to improve efficiency and accuracy while reducing costs. Additionally, AI can also be used to personalize the customer experience by providing recommendations and customized content.
If you’re considering starting an eCommerce business, then investing in AI is something to consider. With so many potential applications, likely, AI will only become more important in the years to come.
3. Augmented Reality (AR)
When items in the actual world are “augmented” by computer-generated perceptual information, sometimes spanning many sensory modalities, such as visual, aural, haptic, somatosensory, and olfactory, the result is an interactive experience known as augmented reality (AR).
The primary value of AR is that it brings together the physical and digital worlds and allows for more natural interaction between them. It has been used in several different fields, including education, training, gaming, retail, and tourism.
There are several different applications for AR in eCommerce. For example, retailers can use AR to give their customers a more immersive shopping experience. Customers can view products in their homes before they buy them, or get a better understanding of how a product works before they make a purchase.
Tourism is another area where AR can be used to enhance the customer experience. For example, visitors to historical sites can use AR to view virtual representations of what the site would have looked like at the time of its history.
4. Delivery Of Food
There are several different ways to get food delivered to customers. The most popular way is through third-party food delivery apps in India, such as Grubhub or DoorDash. These services allow customers to order food from restaurants that do not have delivery services. Customers can also order food directly from the restaurant, either through the restaurant’s website or app or by calling the restaurant directly.
Some restaurants have their delivery drivers and vehicles, while others contract with third-party delivery companies. There are pros and cons to both options. Restaurants that use their delivery drivers may have more control over the quality of the service, but they also incur higher labor costs. Third-party delivery companies may be less expensive, but they may not always provide the same level of service.
Another option for food delivery is meal kits, such as those offered by Blue Apron and HelloFresh. Meal kits contain all of the ingredients needed to make a meal, along with instructions. They are becoming increasingly popular as people look for ways to save time and money on cooking at home.
5. Businesses Offering Software As A Service
Software as a service is the business model with the highest growth rate (SaaS). Due to their outstanding growth, SaaS companies are predicted to generate $203 billion in revenue.
That this is the most popular and successful business model for online retailers shouldn’t come as a surprise.
You must possess technical expertise in any of the following fields: application development, testing, network security, or infrastructure management services to sell SaaS products (such as hosting).
Each of these businesses provides software that helps their customers run their businesses more efficiently. By offering software as a service, they can provide their customers with the latest and greatest technology without the customer having to invest in hardware or software upfront. This allows businesses to save money and time, which can be used to grow their business or serve their customers better.
6. Live shopping
Live shopping is a relatively new phenomenon that has taken the eCommerce world by storm. It is a type of eCommerce where customers can watch a live stream of a product being sold and then buy it if they wish. This type of shopping is particularly popular with millennials, as it combines the convenience of online shopping with the social aspects of in-person shopping.
There are numerous advantages to live shopping, both for shoppers and businesses. For shoppers, it provides an immersive experience that allows them to see a product in real time before making a purchase. This can help to ensure that they are buying exactly what they want. For businesses, live shopping can be used to build brand awareness and generate sales in a short period.
If you are considering starting an eCommerce business, then live shopping could be the perfect option for you.
7. More ways to pay
69.8% of shoppers give up their shopping between adding goods to their cart and proceeding to the checkout. Let’s face it, entering a credit card number isn’t exactly the most user-friendly action. Providing customers with more payment alternatives might potentially gain popularity shortly.
If a customer can’t pay on an e-commerce website how they’d like to, they’re likely to back out of a possible sale. Conversion rates can be raised by offering a range of payment options. Additionally, if customers can save their payment information on your website, they will be able to finish the checkout process more quickly the next time they make a purchase (and this process is secure).
With 93% of consumers indicating they would embrace upcoming payment methods like bio metrics, digital currencies, and QR codes, consumers are increasingly embracing new payment technologies. PayPal, Amazon Pay, and Apple Pay are some of the most widely utilized payment options.
Cryptocurrencies are another means of payment that is expanding. Even though this trend is still very fresh, it’s difficult to anticipate what will happen next. However, several well-known companies, such as Microsoft, Starbucks, PayPal, and Tesla, now accept cryptocurrencies as a form of payment. Additionally, 40% of consumers said they plan to utilize cryptocurrencies in the upcoming year.
8. Social commerce
Social commerce is a rapidly growing trend in eCommerce. There are many social commerce platforms available, such as Shopify, BigCommerce, and Woocommerce. Social media platforms like Facebook and Twitter are also being used for social commerce.
With social commerce, businesses can sell products and services directly on social media platforms. This allows businesses to reach a larger audience and make sales more easily. Social commerce also allows businesses to build relationships with customers and create loyalty.
There are many advantages to using social commerce for your business. It is a great way to reach a larger audience, build relationships with customers, and create loyalty. If you are looking for an eCommerce platform that offers social commerce, then Shopify, BigCommerce, or Woocommerce may be right for you.
9. Sustainability & Re commerce
As the world becomes more and more conscious of the need to be sustainable, businesses are beginning to change their practices to reflect this. One way that businesses are doing this is by offering Re commerce, or the ability to recycle or trade in old products for new ones. This helps to extend the life of products and reduces wastefulness.
Some businesses are also beginning to offer sustainable packaging options, such as recyclable or composable materials. This is a great way to reduce your environmental impact and show your customers that you care about sustainability.
If you’re looking to start an eCommerce business that is trend-setting and socially responsible, consider incorporating sustainability into your business model. You’ll be able to make a positive impact on the environment while also meeting the needs of your customers.
10. Sports Accessories
Sports accessories are a great method to start an eCommerce business because they are easy to buy, sell, and brand. Many sports are considered to be the Most Dangerous Sports because they involve a high level of physical activity or risk of injury
Advertising for sports equipment is also possible on low-cost or free social media sites like Facebook, Twitter, and Instagram.
Starting an online sportswear store doesn’t require much money, unlike other businesses that need space for display, storage, etc., like electronics or cosmetics. There is also no additional labor expense because most athletic products may be bought online rather than in neighborhood shops or shopping malls.
The best thing about this type of business is that you don’t need any specialist knowledge of sports to set up your online store; all you need is a fundamental grasp of marketing tactics and principles, which will enable you to increase your sales within a few weeks!
Starting an eCommerce business can be a great way to make money and gain independence. With the right idea and strategy, you can build a successful online business. It can generate revenue for years to come. We hope this list of top 10 trending eCommerce business ideas has inspired you to start your venture. As with any other type of business, it’s important to do your research before taking the plunge and investing time and money into a new project. Good luck!