Five Small Business Concepts That Will Make You Money in 2020

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With many business concepts in 2020, it can be hard to figure out which are worth pursuing. And when it comes to starting a business, commerce has completely changed the way we view the global industry. To put it into perspective, global ecommerce sales amounted to nearly 3.5 trillion dollars worldwide in 2019. This goes to show that ecommerce is an increasingly lucrative option for businesses. “You’ll want to create an ecommerce business that’s not only profitable today, but also great for the long-term. You may notice that a lot of the ideas on this list have been growing in popularity recently”.

Some of the ecommerce business ideas on this list have been popular for a long time making it more competitive but less risky. However, all the niche examples below will help make you money.”

1.Translation By Voice

Business ideas around translation will be a huge market to go after. Google Translate already gets 280 million monthly searches proving that people need all the help translating they can get. If you are a business owner, selling to an international audience with text in different languages will help you reach more people. If you’re a traveler, you’ll be able to communicate your needs and wants with the help of a translator tool. Fortunately, you can sell products like voice translators that can translate several languages on the fly.If you’re targeting people on Facebook, you can target people with roles that require a lot of travel like CEOs, entrepreneurs, flight attendants, pilots, and digital nomads.

2. Women’s Dresses

The ideas that involve women’s dresses are ultra competitive, but they’re also super popular. The prominence of “Dresses” proves that it’s one of the most popular women’s fashion items for many retailers. Ecommerce business ideas like selling women’s dresses can be heavily promoted via ads. The great thing about clothing ads is they’re often great at capturing the impulse buy. A shopper sees a dress they like on Facebook or Instagram, pulls out their credit card and makes a purchase without carefully contemplating the decision. Running ads on Facebook and Instagram will likely be your best bet for attracting the sale. Also, if you have an audience built up, you can also run email campaigns to drive traffic to your website.

3. Plus Size Clothing

Last year, we saw more call outs for inclusion and diversity, which is why plus size clothing is one of the top business ideas of 2020. More retailers are expanding their store collections to include clothing that fits every body. And since more manufacturers are offering greater size collections, there’s also more variety in clothing styles. Plus size clothing, as a standalone niche, allows you to fine tune your marketing directly to the plus sized audience. It also allows women to shop on a website without worrying about finding the right size. You could expand on this idea and also add plus-sized clothing to your fashion store. However, avoid creating categories called “Plus Size Clothing,” as that can be a loaded term. For example, retailer Suzy Shier calls its collection “Curve Appeal” while its URL is optimized with the keywords “plus sizes.”

4. Street wear

The street wear niche has been steadily growing over the years. The $300 billion dollar industry can hold its own weight in the fashion world proving that fashion sub-niches can still be ultra profitable and successful for new business owners. Startup ideas like street wear are perfect for business owners looking to cater their fashion lines to men as men’s street wear is especially popular right now.

9. Work wear

Work wear is one of those small business ideas that you can take in a number of directions. There’s the work safety niche, which has specialized work wear such as safety shoes, scrubs, eye protection, and more. Or you can go into the business man’s work wear, and sell suits, ties, dress shoes, and other men’s fashion. There’s also work wear for women that could involve professional dresses, blazers, blouses, and more. However, within each of these ideas, there’s a lot of room to expand into other verticals.

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