Statistics suggest the E-commerce sector to be growing by a fair 16-17% every year. While most of the online sectors including food, automobiles, clothing, etc. have already been captured by industry giants like Amazon, eBay and Flipkart, there is still a long list of business opportunities waiting to make a breakthrough in the E-commerce market.
While e-commerce continues to grow, so do the problems associated with it, thereby creating new business opportunities. With lots of issues remaining to be solved in e-commerce, here are few opportunities for businesses to grab:
Increased online shopping goes hand-in-hand with increased need for returns. Most often customers are not satisfied with the size or quality of their purchase (a major issue with online shopping) triggering the need to return. While there are a few top-notch sites that allow you easy returns for free, experts believe this to be a violation of the e-commerce norms.
Thus, to make it easier for people to return their stuff without violating the norms, websites like returnsaver.com have made an initiative. Aimed at removing the hassle out of online returns, this site allows you to become a member by paying a nominal fee and enjoy endless returns through FedEx.
Delivery Options for Pharmacies
In today’s age where most sectors have provision for delivery, pharmacies continue to take a backseat. People still buy their medicine from pharmacies. While some pharmacies have developed solutions to this issue, there is a need for a solution that can be used across all service providers. There is an urgent need for a business that can offer medicine deliveries in sync with the rules and regulations applicable on the use of legal drugs and their delivery.
The Fit Issue
The apparel industry forms a huge part of the e-commerce market. However, the online purchase of clothing and accessories has a significant disadvantage over the physical store purchase – The Fit!! Online stores do not give you the provision to actually try on a cloth, or accessory to check for perfect fitting.
One company discovered the huge business opportunity hidden behind this major issue. Mtailor.com decided to offer customers with a creative computer vision solution that makes use of an app to get your exact measurements. The company’s aim is to ensure that you no more compromise in another person’s clothing. The app lets you get measured within 30 seconds using your phone, for a perfectly customized clothing.
These are just a couple of business opportunities that are already making their presence felt in the e-commerce space. There are a lot many out there; it just requires an initiative to explore!