Internet marketers relinquish 9 to 5 jobs. They have dexterity and knowledge to start their own business.
However, a vast majority of them are bereft of legitimate business ideas. They often seek business ideas that over promise and under-deliver. They run a fool’s errand. They fail. There’s a silver lining though-there are exceptions.
Exceptional entrepreneurs have an eye for successful business arenas. E-commerce has been a successful business arena that’s showing hardly any signs of slowing down. Amazon is growing rapidly. You cannot whine about this fact.
Without question, you should be able to witness great results if you work wholeheartedly on the ecommerce business ideas mentioned herein.
#1: Sell PDFs and e-books
Do you have a thing for blogging and content writing? Do you have expertise in a particular technical category?
Draft a killer e-book. Traditional publishing often reeks of bureaucratic hassles. You can obviate bureaucratic hurdles, thanks to modern content publishing platforms.
You don’t have to be an expert. You just need to have enough knowledge, wisdom and skills to articulate your thoughts and insights.
And yes, do enough market research on your choice of topics before exhibiting your penmanship skills. There’s a huge audience for PDFs and e-books.
If you don’t have time to write, outsource it to a qualified freelancer. As a matter of fact, you can outsource every aspect of your work – such as book design, cover pages, etc. The best part about PDFs and e-books is that you don’t have to invest time and monumental efforts every month. Once you complete writing a book, it brings in revenue every month. It’s a great source of income.
If you are into writing non-fiction e-books, use platforms such as Amazon Kindle Publishing to your advantage.
#2: Launch your own FBA (Fulfilled By Amazon) business
This is one among my list of favorite ecommerce business ideas. You just need to leverage the existing extensive distribution of Amazon. This means that Amazon handles your logistics headache. Moreover, product inventorying is off your workload.
When you launch your own FBA business, you’ll have opportunities to tap Amazon’s customer base.
To begin with, create an Amazon seller account. When you sign up, Amazon gives you two options: Individual and Professional. If you sign up as an individual, you don’t have to pay any monthly subscription fee. But if you are looking for long-term gains, opt for going Professional. You then have to pay a monthly subscription fee.
This business idea model works only if you have a solid product. Private labeling works wonders. So, put your thinking cap on and uncover product ideas.
No doubt, private labeling requires upfront investment. But in the long run, your own private label is likely to become an asset.
There’s a way around – Retail arbitrage. This doesn’t require significant upfront investments. However, its scope is just short-term. So it is completely your choice and what suits you best as well as your business model.
#3: Launch your arts & crafts store on Etsy
Do you have a penchant for arts and crafts? Indisputably, Etsy is the largest global marketplace for vintage and handmade items.
This global marketplace lets you sell digitally downloadable goods. So, if you have a keen eye for printable posters and cover designs, you should definitely launch your store on Etsy. Nursery art is something that’s appealing to kids and adults. There’s little harm in trying out.
Launching a store on Etsy isn’t all wine and roses. Be ready with photos of your designs. Prepare a list of strong keywords that are likely to fetch you customers. Make sure that a good number of your strongest keywords are incorporated in product tags and titles.
Set SMART goals. For your information, SMART stands for Specific, Measurable, Attainable, Realistic and Time-bound. Marketplaces like Amazon and Etsy are very competitive. Unless you set realistic goals and have a game plan, you cannot win.
#4: Sell beauty and health products
Start your own e-commerce website. Instead of starting from scratch, I recommend you to purchase a turnkey script. Use themed templates and customize your store. Get a payment gateway along with other payment options such as credit and debit card.
The next step is to prepare a list of beauty, grooming and health products that come in different prices and types. This segment is growing. As a matter of fact, there’s huge demand for organic and natural care products.
Certain types of health products such as dietary supplements may be restricted. If you sell unregulated products, you may land yourself in soup. Be cautious. Otherwise, this is an insanely profitable business to start with 10k.
#5: Monetize your photography skills
At the very outset, let me tell you that this idea isn’t for amateurs. If you are a professional, you can make big money. Even if you aren’t a professional, you can make good money provided you are a trained photographer. It’s just that you should have enough skills in clicking awesome photographs. Get better at Photoshop.
Experiment with different camera modes. Consider parameters such as intensity of light, focus, direction, etc. when taking photographs.
There you have it, the 5 legitimate ecommerce ideas to help you earn a six figure income. These businesses have a strong propensity for success but also a lot will depend on your dedication and perseverance. And in no time you will be earning huge. Also focus a lot on branding and online reputation management. You can recruit an agency to do that for you or choose freelancers .If you learn the skills necessary, even you can take care of it yourself. It is the need of hour for any business considering all your customers are online. Say no to mediocrity. Get started today. Cheers!