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The Best Online Business Ideas For 2020

online-business-ideas

If you’re thinking about starting a business but you’re not sure what exactly you can sell to be able to be successful and grow your business; we’ve compiled a list of the best online business ideas to get your business started before 2020.

Dropshipping

Dropshipping can be one of the easiest methods of getting yourself selling online. It’s essentially where you would sell items through an ecommerce store but you wouldn’t hold the stock. The items you would sell, you buy from a third party supplier and they would then ship the product to the customer on your behalf.

EKM has partnered with Inkthreadable and Two Fifteen who offer a print on demand service that easily integrates with any EKM shop. So if you’re wanting to sell personalised gifts or create your own designs for products, your EKM shop will be able to integrate with any one of these partners and white-label print your designs or brand and even ship them to your customers for you.

If you already have a dropshipping supplier who provides your products on a spreadsheet, you can easily upload this to your EKM shop so if you’re moving to the EKM platform, you’ll be able to have a seamless transition.

If you’d like to set up a print on demand ecommerce shop but you’re not sure about what designs or images you can use, there are hundreds of royalty-free images available online, such as, Canva and Pixabay. Using our print on demand services is one of the easiest ways to get selling online but, in order to be able to stand out from the competition, you could also offer personalisation.

Personalised Gifts

One other way to get yourself selling online is personalised gifts, which you can do through our print on demand partners mentioned above. This market, however, is quite saturated and a lot of people set up this type of online shop, selling personalised mugs, pillowcases, phone cases etc.

While a lot of people sell personalised gifts, there are some things you can do to make yourself stand out against your competitors. If you were to offer a unique, one of a kind design for each customer, you might be able to put a small premium on this, and due to the item’s uniqueness you’re going to be able to stand out.

This would require a little more work from yourself, but if people can see the effort and passion you put into your items, they’ll most likely choose a product like yours over a generic one.

Guides

Guides are also another product you can sell online using our Digital Vault. Selling guides online can cover a really wide variety of topics, for example, workout guides, cooking guides, growing your own veg guides and so many more. If you have the knowledge or a passion for a particular topic and wish to share it, then selling online guides is a great way to get selling.

There is some more work involved in this than say, dropshipping, however, you’re creating a product that is unique, much like the downloadable artwork, and these types of products can attract loyal customers who may buy from you again.

Downloadable Items

Another relatively easy business idea to get into, especially if you’re the creative type is downloadable items. Most of the time these items are usually pieces of art or illustrations that you can sell as a downloadable file, ready for the customer to print.

The good thing about downloadable items is that all of your inventory is digital, freeing up space and reducing costs on storing physical items. These products aren’t always tied to just art. One of the newer items we’re seeing this year is downloadable filter packs, which are essentially custom image filters that can be used on Instagram and other social media platforms.

Again, these filter packs are easy to create and can have a larger profit margin with some packs selling for around the £10 mark. If you’re interested in selling downloadable items, you can do this easily on EKM’s platform by using our Digital Vault. You can read our handy guide on EKM’s Digital Vault to see how you can get started. You’ll be able to sell a variety of items using our Digital Vault including, guides, graphics, audio files such as meditation classes and so much more.

Be unique!

Lastly, EKM always advises customers that no matter what you’re selling, having a unique product will make you stand out from the crowd and that being unique in what you’re selling is a sure-fire way to help you build a customer base and grow your business, offering something that no one else can.

If you’d like to learn more about setting up your own online shop, you can speak to our ecommerce experts on 0333 004 0333 or request a callback here.

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