Top 6 B2B eCommerce Business Ideas to Invest in 2021January 15, 2021
B2B (Business-to-Business) eCommerce market is maturing at lightning speed all across the world. Some of the credit must be given to the atrocious COVID-19 pandemic that has significantly changed business patterns all across the world. The surge in supply and demand of products online indeed states that the future of businesses lies in online marketplaces.
If you are an entrepreneur and are searching for a vertical to start your business, then the primary thing is to invest some time in finding the best B2B eCommerce ideas for your business. Though most business niches have solid future growth prospects, a few of them are icing above the others. To help you begin, this article will enlist the top 6 B2B business ideas that can make you a fortune from your business.
Top 6 B2B eCommerce Business Ideas
Here is the list of best B2B eCommerce Ideas that can help you start a profitable B2B online store:
1. B2B Grocery eCommerce Store
The grocery industry is setting its footsteps in the eCommerce world like never before. More people are now dependent on online stores for their daily grocery requirements. Primefeed suggests that the global online grocery market is expected to grow with a CAGR of 23.7% between 2020-2025.
The B2B grocery eCommerce store brings wholesalers, retailers, traders, and manufacturers to a single platform for a more productive and efficient business environment. This provides new entrepreneurs with an opportunity to tap into this wide niche and profit themselves.
2. B2B Fashion, Apparel & Accessories Wholesale Store
It’s been quite some time since the retail fashion industry has made itself a huge place in eCommerce. The current trends signal that the wholesale fashion industry’s prospects are looking prosperous in the near future. A reliable and efficient B2B fashion store can positively improve the buying process for wholesalers and retailers.
Moreover, it will offer you benefits such as real-time inventory, increased sales, and extended reach into new markets. However, the competition in this niche is extensive, so perfecting your marketing techniques will play a big role if investing in this niche.
3. B2B eCommerce Store for Gems & Jewellery
One of the best B2B eCommerce ideas for the upcoming years is building a jewellery trading platform where you can establish a complete network of jewellery buyers and vendors. People from around the world are gravitating towards stylish and modish jewellery items.
This opens up a great opportunity for you to create a business model that has a collaborative ecosystem for the trade of jewellery items such as diamonds, gold, etc. You can structure the way for retailers, manufacturers, and buyers to search, compare and bid for different jewellery items with ease by leveraging the use of an app.
Also Read: B2B Ecommerce Types & Future Opportunities
4. B2B Medical Supply Store
With the widespread of COVID-19 pandemic, healthcare is amongst the most significant industries of current times. BusinessWire suggests that global healthcare is set to reach $11,908.9 Billion by the end of 2022. Therefore, the idea of starting a B2B medical supply store can pay you off really well in the coming years.
All types of medical professionals from surgeons to eye doctors require various supplies to conduct their jobs properly. To find success in this niche, you will have to create a store that is easy to operate and fulfill the needs of all medical persons.
5. B2B Electronic OEM Gadgets
The online electronic industry continues to be one of the best investing niches despite its vast competition. The demand for electronic gadgets is so extensive that a good and easy to use business store can effortlessly pave the way for you in the current market.
Besides, OEM gadgets are cheaper compared to branded products, which makes them a preferred choice for the customers. To set up a successful business, you will first need to purchase an initial inventory and fill it up with high demanding products. Then using your application, you can sell the products to different eCommerce platforms.
6. B2B Office Supplies Store
Opening an office supplies store is undoubtedly a great B2B eCommerce idea. Office supplies are always considered as a commodity and are a need of every office in the world. Hence, whatever may be economic conditions, this niche business will never fail to find a business for itself.
As the presence of B2B buyers is significantly increasing, building a robust eCommerce platform that can facilitate corporate procurement is the need of the hour. To succeed in this niche, you must offer your clients a functional eStore which has features such as bulk ordering, volume pricing, and can deliver a mobile-friendly experience.
Must-Have Features of a B2B eCommerce Store
Before moving on to the needed features for your eCommerce store, the fundamental thing to look at is creating a functional mobile-first design for your eStore. The Mobile-first approach offers easy browsing and buying alternatives to the customers.
With trends showing over 61% online searches from smartphones, creating a smartphone application is a necessity for your store. You can take the help of B2B eCommerce Platforms such as QuickeSelling for building all kinds of customized applications from scratch to end with high efficiency.
Now lets us consider the must-have features for your B2B eCommerce store that will earn you the maximum gains:
- Real-Time Inventory
- Advanced and Sophisticated Search
- Detailed Product Information
- Order tracking
- Minimum Order Quantity
- Password Protected Access
- Secure and Flexible Payment Portals
- Reorder Functionality
- Discounts for Bulk Buy
- Live Customer Support
- Quotation Request
- Flexible Checkout
All the above mentioned B2B eCommerce ideas will provide you with a great headstart for your journey to build a successful eCommerce store. But remember, great businesses are not just made by good ideas. They need phenomenal execution and the right marketing strategies to reach a billion-dollar mark. So wisely research, analyze your market, and then execute your plan for successful business growth.