Book lists of bestsellers in Empik for the period from April 28 to May 21, 2023. Read the announcement
Blog

Here are 9 profitable online business ideas you can start part-time.

Product Ideas

Are you someone with a 9-5 job but still harbor dreams of owning your own business? If that sounds like you, then you're in the right place.

Are you someone with a 9-5 job but still harbor dreams of owning your own business? If that sounds like you, then you're in the right place. In this article, we'll discuss why venturing into online business might be a better option than sticking to the traditional brick-and-mortar approach. We'll also explore some practical online business ideas that you can pursue alongside your day job.

Starting an online business may seem enticing, but it's crucial to approach it correctly. That's why selecting the right business idea and finding a reliable online growth partner are essential for success. In this comprehensive guide, we'll outline the benefits of starting an online business and provide a curated list of viable business ideas. Additionally, we'll offer insights into how to kickstart your online venture after choosing your business idea.

So, dive into the complete article and embark on your online journey armed with a solid idea and a trustworthy online partner.

Why Choose the Online Route?

According to Statista, online retail sales are projected to reach 5.4 trillion dollars by 2022, making it an opportune time to venture into the online business realm.

Source ThinkwithGoogle

More and more people are turning to online shopping, with a report indicating that over 60% of shoppers now begin their shopping journey online. This trend means that eCommerce businesses today have tremendous growth potential.

People venture into online businesses for various reasons:

1. Rising Popularity of Online Shopping:

While online shopping has been around for years, its popularity has soared, especially due to the current pandemic. Moreover, there's been a notable shift in consumer behavior, with 70% now exclusively favoring online shopping to support local businesses.

2. 24/7 Availability:

Online business owners enjoy the flexibility of operating their ventures anytime and from anywhere. This flexibility allows them to spend more quality time with their families or friends.

3. Lower Operational Costs:

Unlike traditional businesses that require physical storefronts, online businesses operate without this need, resulting in lower operational expenses. For example, platforms like Builderfly enable entrepreneurs to launch eCommerce stores with zero initial investment.

4. Global Reach:

Successful online businesses aren't limited to local markets; they can attract customers from anywhere globally. This global reach opens up vast opportunities for sales and growth.

5. Diverse Income Streams:

In addition to revenue from product sales, online businesses can generate income through various channels like advertising and affiliate marketing.

Here are nine innovative online business ideas to kickstart your entrepreneurial journey without quitting your job or breaking the bank.

1. Sell Clothes Online

Have you ever dreamed of having your own clothing line? Now is the perfect time to learn how to start an online clothing business and turn that dream into reality.

Create a clothing website where customers can easily shop for clothes online. With platforms like Xduka, you can launch your e-commerce store and start selling clothes right away. Simply add your clothing products to the website, providing detailed information to entice users to make purchases.

Once orders start rolling in, you'll need to fulfill them either by yourself or by hiring a third-party service.

What Makes Kenya Ideal for a Clothing Business?

The ready-made garment industry is a massive $3 trillion market globally, with over a trillion clothes sold every year. McKinsey's FashionScope data predicts that by 2027, Kenya will become the sixth-largest garment manufacturer worldwide, with sales exceeding $29.3 billion.

The growth of the clothing market can be attributed to the rising aspirations of the middle class and population expansion. Therefore, both small online businesses and large corporations can thrive in this market.

2. Sell Art Online

With a beautifully designed e-commerce website on Builderfly, you can turn your latest artwork into a lucrative source of income, whether you're a painter, photographer, or musician. Selling your art online allows people to bring your creations into their homes and display them proudly on their walls. If your specialty lies in painting or photography, you can also offer prints, canvases, and framed posters through your online platform or apps.

Starting a business based on your passion will not only boost your motivation but also allow you to express your creativity freely.

Why Sell Art Online in Kenya?

The landscape of purchasing and selling products online has undergone significant transformations in the 21st century, and Kenya is no exception. Reports indicate that over INR 880 crore worth of art was auctioned in Kenya in 2020-21.

According to Statista, online art sales grew by four percent in 2019, reaching approximately 4.82 billion U.S. dollars. Based on these figures, the global online art market is expected to reach $9.32 billion by 2024. Therefore, by establishing an online store, you can target local markets while also expanding your brand globally.

3. Start a Dropshipping Store

You don't need a warehouse full of inventory to run your own business. One way to start is by venturing into dropshipping.

Dropshipping involves creating an attractive website with Xduka and selling products from other suppliers (i.e., without handling manufacturing or distribution). In return, you earn commissions on each sale.

This approach eliminates the risk of purchasing excess inventory and losing money if products don't sell. Plus, it helps you overcome many hurdles on your journey to starting your own business.

Why Start an Online Dropshipping Store?

According to Grand View Research, the global dropshipping market was valued at USD 102.2 billion in 2018. With a projected CAGR of 28.8% between 2019 and 2025, the dropshipping market is expected to witness significant growth, driven by the increasing preference for online shopping and the rapid expansion of cross-border e-commerce. Consequently, the growth of the e-commerce industry has played a crucial role in driving the rise of dropshipping services.

4. Sell Shoes Online

Ever thought about turning your love for shoes into a profitable venture? Launching an online shoe store is easier than you think. With Xduka, you can start small and learn the ropes as you go. No prior experience needed! Plus, with India's footwear market on the rise, now's the perfect time to step into the online shoe business.

Why Sell Shoes Online?

India's footwear exports were expected to reach USD 12.6 billion by 2020, with the government offering incentives to boost the industry. With an average annual growth rate of 8.28% projected for the Kenyan footwear market between 2020 and 2025, seizing this opportunity could lead to big rewards.

5. Sell Electronics Online

The electronics industry has seen a surge in demand, making it a hot item for online sellers. With user-friendly software like Xduka, anyone can start selling electronics online, tapping into the massive market of tech-savvy consumers.

Why Sell Electronics Online?

With millions of users expected in the Consumer Electronics segment by 2025, and a whopping USD 557.3 billion generated by electronics & media in eCommerce in 2020, the growth potential in Kenya's online electronics market is undeniable.

6. Sell Handmade Products Online

Got a knack for crafting unique items? You can turn your passion into profit by selling handmade products online. With Xduka, setting up your online store is simple. Whether it's jewelry, home decor, or furniture, there's a growing demand for handmade goods that you can capitalize on.

Why Start an Online Handmade Product Store?

Handicrafts contribute significantly to Kenya's economy, offering both revenue and job opportunities. With a market size of approximately USD 718 billion in 2020 and a projected CAGR of 10% from 2021-2026, starting an online handmade product store presents a promising business opportunity.

7. Sell Books Online

Despite challenges like the pandemic, online bookstores in Kenya are thriving. With Xduka, you can easily create your online bookstore and cater to the growing demand for affordable books. Convenience and unlimited listings make it a breeze to reach book lovers nationwide.

Why Start an Online Books Business?

Driven by IT penetration and the convenience of online shopping, Kenya's online book market is poised for even more growth. With ebook sales projected to reach $176 million in 2021 and 192 million by 2025, starting your online bookstore now could lead to long-term success.

8. Sell Grocery Online

The COVID-19 lockdown saw a surge in online grocery shopping in Kenya. With Xduka, you can capitalize on this trend by starting your online grocery store. Whether you're transitioning from a physical store or starting fresh, Xduka's tools and themes can help you succeed in the growing online grocery market.

Why Start an Online Grocery Store?

Changing consumer behavior, urbanization, and a tech-savvy generation are driving rapid growth in Kenya's online grocery market. With a CAGR of 37.1% projected from 2021 to 2028, now's the time to tap into this lucrative opportunity.

9. Sell Mobile Accessories Online

Mobile phones have become indispensable, creating a high demand for accessories. With Xduka, you can start your own mobile accessories store without any upfront investment. Tap into the growing market of mobile accessory enthusiasts and offer genuine products with ease.

Why Start an Online Mobile Accessories Store?

Kenya's mobile phone accessories market is expected to thrive, with a projected CAGR of 10.5% between 2017-2024. With a market expected to generate $3.54 Billion by 2024, starting your online store now could lead to substantial long-term growth.

Getting Started on Your Online Journey

Now that you have access to some of the best online business ideas, it's time to kickstart your entrepreneurial journey. Follow these steps to get started:

● Choose Your Product

Begin by selecting the type of product or service you'll offer for your online business. Ask yourself key questions like:

- What common problems can you solve?

- What brands do you admire, and why?

- Can you suggest improvements to existing products?

Identify standout solutions after considering these questions. When choosing a product, ensure you find reliable suppliers, thoroughly test products, and finalize your offerings.

● Conduct Market Research

Understanding the demand for your products or services in your target market is crucial. Assess market gaps and competition to differentiate your business effectively.

● Develop a Business Plan

Create a comprehensive business plan outlining your offerings and operations. Consider these steps:

- Establish a unique business identity with names and logos.

- Formulate a robust marketing strategy, including target markets and promotional methods.

- Plan inventory management, legal operations, manufacturing, and delivery processes.

- Prepare a budget, expense projections, and business goals.

● Register Your Business

Ensure proper licensing and registration according to industry and regional regulations. In Kenya, businesses typically register as Limited Liability Companies (LLCs) for liability protection.

● Choose Web Hosting

Select a suitable web hosting plan for your online operations. Shared hosting is a popular choice for startups due to its affordability and scalability.

● Register Your Domain Name

Opt for a short, memorable domain name that reflects your brand. Ensure readability by avoiding symbols, numbers, and ambiguous characters.

● Design Your Online Store

Choose a platform like Builderfly for building your online business website. Customize your site by:

- Selecting a theme that aligns with your business.

- Creating essential pages like Homepage, Privacy Policy, Terms and Conditions, Contact, and About Us.

- Optimizing the e-commerce site with online payment methods, a streamlined checkout process, and a detailed product catalog.

- Utilizing plugins tailored to your business needs.

● Promote Your Business

Boost your business's visibility with these strategies:

- Ensure your website is SEO-friendly by using relevant keywords.

- Engage with your audience on social media platforms where they spend time.

By following these steps, you'll be well-equipped to embark on your online business journey and make your entrepreneurial dreams a reality.