Thinking Of Starting A New Business This Year, Then Check Out These Business Models
Every year, many people make one of their new year’s resolutions to start a business.
However, 2022 looks like it’s going to be another unprecedented year. None of us know what the future holds or what the economy will look like in the next 6 months, 12 months, or 24 months.
That should not stop you from starting an eCommerce business.
If you are wondering what are the best business models to buy-in in 2022 then you have come to the right place – here are our top 10 recommendations.
#1 – B2C Business
B2C means Business-to-Customer
This is the business model that most of us are familiar with. You as a business sell products or services directly to the customer. ECommerce B2C businesses tend to have a website that their customers visit and purchase from.
B2C covers all industries and you are not limited in what you can sell.
#2 – B2B Business
B2B means Business-to-Business
This type of business sells products or services to other businesses. Your aim will be to create products and services that will make it easier for other businesses to function.
You may be aware of something your industry is lacking and could create a product or service that could fill that gap or solve that problem.
#3 – C2B Business
C2B means Customer-to-Business
This may sound like a stage concept – this is a business model that allows customers to sell things to businesses. You do, probably know at least one C2B business – Fiverr and Upwork both fit into this category.
Lots of freelancers could be considered very small-scale C2B businesses. You could create a platform that covers B2B and C2B.
#4 – C2C Business
C2C means Customer-to-Customer
eBay and Etsy are two huge C2C platforms. C2C businesses are often referred to as marketplaces and eCommerce C2C as online marketplaces.
C2C businesses facilitate customers being able to sell products and services to other customers. You need to take the time to think about how you will make money and gain your customers’ trust that you are selling quality products.
#5 – D2C Business
D2C means Direct-to-Customer
D2C businesses do not sell their products in other stores – instead they sell on their own websites. This allows them to cut out the middleman and the fees that come along with this.
#6 – White Labeling Business
A white label business buys generic products from a manufacturer, adds their own packaging, and then sells the products to customers as their own products.
These products are bought at a lower price and then after the packaging has been added they are marked up quite steeply. The products are usually bought in bulk.
#7 – Private Labeling Business
Private Labeling works in a similar way to White Labeling. However, instead of buying a generic product that other companies can also purchase. Private Labeling means that the company has bought exclusive rights to sell the products made by the manufacturer.
The company does not design its own products or have a say in how the products are made. However, they can label the products and sell them as they wish.
#8 – Label Providing Business
If White Labeling or Private Labeling does not sound like the type of thing you are interested in – then why not try making products for those types of businesses to buy.
If you want to be successful in this field then you need to find a low-cost and efficient way to make these products and make sure there is a market for them.
#9 – Dropshipping Business
Companies like Wish and Ali-Express are Dropshipping businesses.
A Dropshipping business will buy the stock after their customers have ordered it from them. They will buy it from the manufacturer and have it sent straight to the customer. They will never physically be in possession of the products they are selling.
#10 – Subscription Service Business
Our final suggestion is to start a subscription service.
The idea behind a subscription service is that you periodically send products to your customers. They pay a small amount every month and receive their products.
These were first done in England in the 1600s.
Despite the chaos and the uncertainty going on in the world right now, it is still a great time to start an eCommerce business. Above, we have listed 10 types of eCommerce businesses that could thrive in 2022.
If you do start a business this year – good luck!