TOP 7 ECOMMERCE BUSINESS NICHES
TABLE OF CONTENTS 01
WHY E-COMMERCE BUSINE
02
E-COMMERCE AMID COVID-
03
TOP 7 NICHES IN ECOMMER
04
BEST E-COMMERCE SOLUTI
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
MAJOR E-COMMERCE EVENTS (MILESTONES)
0 1
1995 Amazon & Ebay - two very prominent online marketplaces were launched
1997 Netflix, subscription video on demand service launched
0 3 1999 Alibaba - a very prominent chinese online marketplace launched
0 2
1998 Paypal, online payment system launched
0 4 Source: Wikipedia
0 5
2002 Ebay acquired PayPal for $1.5 billion in stocks
2012 E-commerce sales topped $1 trillion for the first time in history
0 7
2020 Online shopping overtakes a major part of retail due to COVID-19 outbreak Source: Wikipedia
0 6 2018 Flipkart was acquired by Walmart
0 8
M
IMPAC THE E (as of â—? 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
TOP 7 NICHES IN E-COMMERCE Food & Grocery
0 1
Liquor & Wine
0 2 Furniture Marketplac e
0 3
Handmade Products
0 4 Fashion Marketplac e
0 5
Digital Goods
0 6 Cannabis Marketplac e
0 7
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 Fea tures, Challenges and Opportunities Source: Yo-Kart.Com
Source: Statista
FURN 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, Chall enges, And Opportunities Source: Yo-Kart.Com
Source: Yo-Kart.Com
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 Soluti ons And Opportunities Source: Yo-Kart.Com
Source: Statista
FASHIO 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 & Futuristi c Trends Source: Yo-Kart.Com
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 Pand emic - COVID-19 Source: Yo-Kart.Com
CANNA 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
Source: Yo-Kart.Com
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 Sc enario Source: Yo-Kart.Com
Source: Yo-Kart.Com
Picked Your Niche? 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.
WHY YO!KART? Pay Once, Own Forever Feature Rich Solution
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Let’s take a look at the various marketplaces built with Yo!Kart
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