Online businesses continue to grow rapidly year after year. In fact, there was a whopping 24.8% increase in 2017 alone, with global sales reaching up to $2.304 trillion! Now’s the perfect time to get your online business ideas up and running. Fortunately, there are many ways to turn your skills and talent into income.
While running a successful business comes with its own set of challenges, it cannot compare to the satisfaction of being your own boss. Whether you want to build an empire or just earn extra money on the side, these five cost-effective online store ideas will help kick-start your career in business.
1. Art
If you have an eye for design and a passion for art and music, make money out of it! Whether you’re into painting, music, or pottery, there are numerous ways to monetize your hobbies and turn them into a source of income. If you love painting or photography, you can sell you masterpieces as canvases, prints, and/or framed posters. If you’re into music, you can monetize your songs, beats, and samples as digital downloads.
2. Athleisure
While fashion trends are constantly changing, athleisure is one fashion trend that’s going to stick around for quite some time. As the name suggests, athleisure comes from the words ‘athletic’ + ‘leisure’. It’s a type of casual clothing that can be worn for exercising or for general use. And who doesn’t like wearing comfortable, athletic clothing all day long? You can sell althleisure sweatpants, leggings, tank tops, headbands, sports bra, capris, shoes, and more.
3. Subscription Boxes
If you’re passionate about multiple things at once, you might want to try selling subscription boxes. If you’re into coffee and makeup, you can add a lipstick and coffee beans in your package.In fact, you can add anything you want in these boxes – personal care, makeup, chocolates – you name it. People are obsessed with subscription boxes. Customers are always excited to receive their packages every month while you keep billing them until they cancel their subscription.
4. Shapewear
You’ve probably seen shapewear being advertised by celebrities and influencers with the likes of Kim Kardashian and Kylie Jenner. If you’re looking for a business that already has a market, try selling shapewear. Shapewear is tight-fitting underwear that controls and shapes your body. While shape wear’s market is not as big as women’s fashion or underwear, it’s expected to grow up to $6,000,000 by 2022.
5. Fresh Produce Delivery
People do love their green juice, avocado toasts, and free-range chicken. Most people want to eat healthier but not everybody has the time to buy fresh produce regularly. By offering fruit and vegetable deliveries, freshly made delicacies, or local farm boxes from local farmers, you’ll not only encourage a healthier lifestyle, but you’ll also support your local producers.
If you want to know more about running your online store, don’t hesitate to contact SMB Compass. We’ve helped hundreds of small businesses reach their full potential by providing them with the funding they rightly deserve. Give us a call at (646) 569-9496 or email us at info@smbcompass.com.We’d love to hear from you.
