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E-Commerce Business Ideas to Become Successful in 2020

Amid Covid-19, online businesses have shown a greater potential to survive. The eCommerce industry is booming and it is expected to rise even after we defeat Coronavirus. <br><br>Get an insight into the various eCommerce business niches that are trending nowadays. Read the complete collection of eCommerce marketplace guides by Yo!Kart: https://www.yo-kart.com/online-marketplace-guide.html

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E-Commerce Business Ideas to Become Successful in 2020

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  1. TOP 7 E-COMMERCE BUSINESS NICHES

  2. TABLE OF CONTENTS WHY E-COMMERCE BUSINESS? 01 E-COMMERCE AMID COVID-19 02 TOP 7 NICHES IN ECOMMERCE 03 BEST E-COMMERCE SOLUTION 04

  3. WHY E-COMMERCE BUSINESS? Current e-commerce statistics state that 40 percent of worldwide internet users have bought products or goods online via desktop, mobile, tablet or other online devices. This amounts to more than 1 billion online buyers and is projected to continuously grow. -Source: Statista

  4. 1995 Amazon & Ebay - two very prominent online marketplaces were launched 01 MAJOR E-COMMERCE EVENTS (MILESTONES) 1997 02 Netflix, subscription video on demand service launched 1998 Paypal, online payment system launched 03 1999 04 Alibaba - a very prominent chinese online marketplace launched Source: Wikipedia

  5. 2002 Ebay acquired PayPal for $1.5 billion in stocks MAJOR E-COMMERCE EVENTS (MILESTONES) 05 2012 06 E-commerce sales topped $1 trillion for the first time in history 2018 Flipkart was acquired by Walmart 07 2020 08 Online shopping overtakes a major part of retail due to COVID-19 outbreak Source: Wikipedia

  6. IMPACT OF COVID-19 ON THE E-COMMERCE INDUSTRY (as of July 14, 2020) U.S. online sales grew by 76% in June reaching $73.2 billion ● Walmart just surpassed eBay in U.S. ecommerce sales ● Ecommerce is expected to see 18% growth in 2020, largely driven by BOPIS ● There is 12.2% growth in new online shoppers aged 65 and older ● Source: www.roirevolution.com

  7. TOP 7 NICHES IN E-COMMERCE Food & Grocery Liquor & Wine Handmade Products Digital Goods 02 04 04 01 03 03 05 06 07 04 Furniture Marketplace Fashion Marketplace Cannabis Marketplace

  8. ONLINE FOOD & GROCERY Creating a grocery eCommerce marketplace like Instacart The U.S online grocery market is expected to reach 59.5 billion U.S. dollars of sale by 2023. Among different niches present in online commerce, grocery is growing rapidly. Yo!Kart Guide: Online Grocery Shopping Marketplace: Business Model, Essential Features, Challenges and Opportunities Source: Yo-Kart.Com

  9. Source: Statista

  10. FURNITURE MARKETPLACE Creating an eCommerce marketplace like IKEA With the advancements in logistics & reduced shipping costs for larger items, buying furniture online is a common thing now. Instead of experiencing the touch & feel, the new generation is more interested in price comparison & a wide range of options. Yo!Kart Guide: An Insider's Guide To Online Furniture Marketplace: Trends, Challenges, And Opportunities Source: Yo-Kart.Com

  11. Source: Yo-Kart.Com

  12. ONLINE LIQUOR & WINE Creating an eCommerce marketplace like Drizly Online sales for alcohol in the year 2018 were USD 253.8 bn & in 2019, it further grew by 4.94%. The online market for alcoholic beverages is swiftly picking up pace. Also, the consumers these days do not mind using technology to skip certain trips down the liquor store. Yo!Kart Guide: Liquor And Wine eCommerce Marketplace: Challenges With Solutions And Opportunities Source: Yo-Kart.Com

  13. Source: Statista

  14. FASHION MARKETPLACE Creating an eCommerce marketplace for fashion & apparel like Myntra The global fashion industry is moving towards the decisive phase of digital adoption across the globe. According to a report by Statista the market is expected to grow further at 12.2% per year & reach a total market size of USD 991.64 Billion by the end of 2024. Yo!Kart Guide: Online Fashion Marketplace : Business Model, Ongoing & Futuristic Trends Source: Yo-Kart.Com

  15. HANDMADE PRODUCTS MARKETPLACE Creating an eCommerce marketplace like Etsy Handmade craft businesses are those businesses who produce products from hand. These businesses are facing huge losses as they are not able to sell their product in the local market during the pandemic. So, this creates an opportunity for entrepreneurs to launch online marketplace like Etsy. Yo!Kart Guide: Rise In Popularity of Marketplace Like Etsy During A Global Pandemic - COVID-19 Source: Yo-Kart.Com

  16. CANNABIS MARKETPLACE Creating an online marketplace for Cannabis products The global legal marijuana market is expected to reach USD 146.4 billion by the end of 2025.The demand for cannabidiol (CBD)-based products are on the rise, both in North America & around the world. Yo!Kart Guide: An Unexplored Profitable Sector: Online Cannabis Marketplace Source: Yo-Kart.Com

  17. Source: Yo-Kart.Com

  18. DIGITAL PRODUCTS MARKETPLACE Creating an eCommerce marketplace for Digital Goods Digitalization has led people to formulated ways to recreate physical products into digital ones. Hardcover books got changed into ebooks & recently became audiobooks, CD, cassettes & VCR have become downloadable files. So, there is a lot of scope to sell digital products through online marketplaces. Yo!Kart Guide: The Need For Digital Goods Marketplace In The Current Market Scenario Source: Yo-Kart.Com

  19. Source: Yo-Kart.Com

  20. Picked Your Niche? GET. SET. GO!withYo!Kart Fully customizable multi-vendor marketplace software, Yo!Kart delivers robust eCommerce solutions tailored to meet your business needs. The platform is packed with all essential eCommerce features to make your online marketplace a success.

  21. WHY YO!KART? Free Technical Support Pay Once, Own Forever Completely Customizable & Scalable Feature Rich Solution

  22. Let’s take a look at the various marketplaces built with Yo!Kart

  23. HAVE QUERIES ABOUT LAUNCHING AN E-COMMERCE MARKETPLACE? CONSULT US www.yo-kart.com | +1 469 844 3346

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