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Trending Online Business Ideas that will Return the Profit Surely
ankushmahajan
subscriber Posts: 12 Bronze Level Member
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.
Here is a list of such ideas to consider if you are planning to make money, using internet or start an online ecommerce business.
Start Multivendor Store
Selling products online is considered the easiest way to get rich online, and to some extent it is true as well. But there is a catch. Selling products can generate income but a regular online store belongs to the past. The future belongs to multivendor stores.
Multivendor stores or online megastores allow thousands of merchants to set up shop and charge a small percentage of profit from all. Revenue also pours in from advertisements and exclusive sales. With turnkey solutions like YoKart, Magento, you can start your multivendor store quickly and at small budget.
Sell Deals Online
Most people think the time of daily deals is long gone. I think the idea of pitching hot local deals at highly targeted audience can still churn money. That’s because the group of people who want to explore new places at deep discounts will always exist.
The business model is quite popular but take a minute to let me throw light on it for newbies. The website hosts discount coupons from local businesses and interested people purchase it on a group discount. Add the product selling functionality, and you are ready to generate more income.
Earn from Services Marketplace
Heard of Fiverr and Taskrabbit? They are two of the biggest players of service marketplace model. For those who don’t know, such websites connect service seekers with providers. The task may require physical presence (cleaning, babysitting, etc.) or can be delivered virtually (logo design, voiceover, etc.)
Go for highly focused marketplace or capture everything, this industry has serious money making potential.
Deal in Custom Clothing
There is a reason why even big brands have started offering custom fit clothes. The industry of custom clothing is growing by manifolds, and it’s quickly moving to the internet. There are already established players like IndoChino in this industry that offer the service of custom shirts and suits. So, doesn’t it make perfect sense to launch a similar venture and profit from it?
There are multiple ways to get started online. Partner with tailors to take care of every detail on your own or just act as a marketplace. Obviously there are ready solutions in the market; Stitch custom tailoring platform is quite impressive for that matter.
Simplify Hiring Freelance Writers
I have been observing growth of web for many years now, and demand of no other service has exploded like content. That’s the reason why searches for freelancer writers and content planners have gone through the roof. Therefore, launching a marketplace to hire freelance writers can turn out to be a profitable venture.
Target a particular breed of writers to distinguish your lifestyle startup from others. A platform to find and hire academic, creative or web writers will be a good idea indeed.
To get started in this industry, you need a website that can act as a common platform for authors and clients. This means search will play a crucial role. Paperweight and Flexiwriters
are two popular turnkey solutions for launching similar portals.
Make Money by Renting Products
Remember the time when we used to rent movie DVDs from a local store? Such stores rarely exist nowadays but their digital counterparts are flourishing. There are many products that can be rented out to earn income without making a big investment in product stocks.
Renting based partnerships with businesses can also turn out to be profitable. All you need is a powerful website to list products and manage the technical details.
Share more ideas in comments to help the young entrepreneurs who are looking to start their online business in 2016-17
Here is a list of such ideas to consider if you are planning to make money, using internet or start an online ecommerce business.
Start Multivendor Store
Selling products online is considered the easiest way to get rich online, and to some extent it is true as well. But there is a catch. Selling products can generate income but a regular online store belongs to the past. The future belongs to multivendor stores.
Multivendor stores or online megastores allow thousands of merchants to set up shop and charge a small percentage of profit from all. Revenue also pours in from advertisements and exclusive sales. With turnkey solutions like YoKart, Magento, you can start your multivendor store quickly and at small budget.
Sell Deals Online
Most people think the time of daily deals is long gone. I think the idea of pitching hot local deals at highly targeted audience can still churn money. That’s because the group of people who want to explore new places at deep discounts will always exist.
The business model is quite popular but take a minute to let me throw light on it for newbies. The website hosts discount coupons from local businesses and interested people purchase it on a group discount. Add the product selling functionality, and you are ready to generate more income.
Earn from Services Marketplace
Heard of Fiverr and Taskrabbit? They are two of the biggest players of service marketplace model. For those who don’t know, such websites connect service seekers with providers. The task may require physical presence (cleaning, babysitting, etc.) or can be delivered virtually (logo design, voiceover, etc.)
Go for highly focused marketplace or capture everything, this industry has serious money making potential.
Deal in Custom Clothing
There is a reason why even big brands have started offering custom fit clothes. The industry of custom clothing is growing by manifolds, and it’s quickly moving to the internet. There are already established players like IndoChino in this industry that offer the service of custom shirts and suits. So, doesn’t it make perfect sense to launch a similar venture and profit from it?
There are multiple ways to get started online. Partner with tailors to take care of every detail on your own or just act as a marketplace. Obviously there are ready solutions in the market; Stitch custom tailoring platform is quite impressive for that matter.
Simplify Hiring Freelance Writers
I have been observing growth of web for many years now, and demand of no other service has exploded like content. That’s the reason why searches for freelancer writers and content planners have gone through the roof. Therefore, launching a marketplace to hire freelance writers can turn out to be a profitable venture.
Target a particular breed of writers to distinguish your lifestyle startup from others. A platform to find and hire academic, creative or web writers will be a good idea indeed.
To get started in this industry, you need a website that can act as a common platform for authors and clients. This means search will play a crucial role. Paperweight and Flexiwriters
are two popular turnkey solutions for launching similar portals.
Make Money by Renting Products
Remember the time when we used to rent movie DVDs from a local store? Such stores rarely exist nowadays but their digital counterparts are flourishing. There are many products that can be rented out to earn income without making a big investment in product stocks.
Renting based partnerships with businesses can also turn out to be profitable. All you need is a powerful website to list products and manage the technical details.
Share more ideas in comments to help the young entrepreneurs who are looking to start their online business in 2016-17
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Comments
Every business wants to be online nowadays because of amazing opportunities provided by the internet.