List of Top 6 Seasonal Business Ideas — Opportunities to Start Business During Holidays
Last year, the Cyber Monday Sale was just over and the very next day, China reported its earliest symptoms of the virus. 11 months later, we are still combatting the virus, taking precautions, and in some cases, following the quarantine protocols. With the holiday season just around the corner, we all have already anticipated that this year the festival season will be different from the previous years. Festival Season comes once a year, let’s celebrate it with happiness and glee.
This year the trends are completely revamped, entrepreneurs are finding answers for the following questions:
- What will demand be like this & next year in 2021?
- How has the pandemic affected consumer behaviour?
- What products will the consumer prefer?
- When is the best time to reach consumers?
- Will the spending in the holiday season decrease or increase?
In the Mckinsey & Company Covid-19 consumer pulse survey, people were asked “How do you think you shop for the upcoming seasonal holidays (Singles day, Black Day, Christmas) may change compared with last year”? Rated from Shop significantly more in store/person to shop significantly more online.
Here’s how they responded
We at FATbit Technologies are supporting entrepreneurs by strategizing and re-strategizing their digital transformation. After analyzing how consumer behaviour over the past few months has changed & reviewing the latest research reports, we have compiled a list of business ideas that are likely to do well. Furthermore, we have also suggested solutions that can help transform these ideas into action.
Here’s is Our List of Top Holiday Business Ideas :
Halloween — Saturday, 31st October 2020
Halloween Business Ideas:
-Costume & Accessories Marketplace
-Costume & Accessories Rental Website
Halloween marks the beginning of the festival season and a few days before the holiday, people frantically start shopping for costumes & accessories to be able to get the best, before the stock is over. Getting dressed up in spooky outfits, blending the makeup according to the dress that they are wearing is what people do during Halloween.
According to the NRF, this year 148 million Americans will celebrate Halloween, amongst them 53% will decorate their homes, 46% will carve a pumpkin. The estimated total spending in 2020 will reach $8.05 billion. Average consumer spending will be #92.12 on decorations, costumes, and candy.
Let’s see how an established business is campaigning on Halloween. Nestle, the renowned FMCG business always saw a spike in chocolate sales during the Halloween season. This year with the pandemic, they wanted to entice customers with a safer Halloween. Here’s how Nestle is engaging and celebrating Halloween this year with Red Pumpkin Project.
There is a huge potential in the market that entrepreneurs can capture, as people are preferring to shop online. There are offline vendors who need a platform to sell or rent the costumes that can be brought on board. To tap into the profits, entrepreneurs can choose ready-made solutions that will reduce the time to market & are also budget-friendly.
We have the following products that will help you set up an eCommerce multi-vendor store or a Rental Marketplace.
Yo!Kart — Yo!Kart has powerful eCommerce features to enable hassle-free management.
Yo!Rent — You can launch a rental website and let your customers rent items as per their requirements.
Thanksgiving & Black Friday (26th & 27th November 2020)
Thanksgiving & Black Friday Business Ideas:
-Online Food Ordering Platform
-On-Demand Delivery Mobile Application
A day of giving thanks for the blessing of the harvest and of the preceding year followed by a day filled with discounts to entice the shopaholics. Though we might not be able to have a get together with family and friends, people are likely to conduct more virtual meetings.
In addition, this year on Thanksgiving people are finding ways to send gifts to loved ones to try and be virtually present during the holiday.
According to a report by eMarketers, Black Friday is expected to be the second-biggest day of the season, with sales anticipated to increase by 39.4% to $10.20 billion. They also predicted that Thanksgiving will see a dramatic 49.5% sales growth rate.
For entrepreneurs, there is an opportunity to invest in a business that will gather an audience during Black Friday and Thanksgiving times.
Launching an online food ordering and On-demand mobile application/portal will be beneficial as it is likely to experience a huge surge during Thanksgiving. Those who could not travel back home for the festival season will be able to order food and keep up the spirits.
On Black Friday, people are likely to avoid visiting the local supermarket despite very lucrative deals offered by them. Online grocery websites and eCommerce websites will be filled with offers to entice customers to shop online. Make sure you cash in these benefits during the holiday season and encash it throughout the year.
FATbit has ready-made solutions to launch your food ordering and grocery ordering solution.
YoYumm — You can build robust Mobile apps exclusively for your online food ordering & Delivery marketplace.
Growcer — Growcer is a feature-packed eCommerce very easy to implement grocery software which allows entrepreneurs to kickstart online grocery application within a few days.
On-Demand Delivery Mobile Application — If you have a business idea and would like to develop an app for it, our experts would love to speak with you.
Cyber Monday (Monday, 30th November 2020)
Cyber Monday Business Idea:
-Daily Deal Website
Before Cyber Monday arrives, people usually spend time finding deals and offers to buy their much-awaited products. For business owners who are planning to go digital, this is the best holiday, offering deals for electronics and gadgets shopping.
According to the same report by eMarketer, Cyber Monday will be the biggest online spending day in the US with sales of $12.89 billion, up 38.3% from last year.
People are likely to purchase gadgets now more than ever since changes in working situations. Online shopping portals have upped their games to provide faster deliveries and better deals. On Cyber Monday, consumers are going to buy products that will help keep them entertained at home and make work from home easy.
Encash the benefits associated with Cyber Monday by launching either a Deal website or an eCommerce multi-vendor marketplace for electronics.
Yo Deals — Yo!Deals is a trusted eCommerce platform to start a daily-deals website.
Christmas (Friday, 25th December 2020)
Christmas Business Idea:
-Liquor Delivery Marketplace
Celebrations for Christmas will be similar to the past, decorating Christmas Tree, Carol signing, enjoying hot chocolate, and waiting for Santa bearing Gifts. The best time of the year, a time when the whole world is waiting to sing, dance, have a gala time and exchange gifts. Going for Christmas shopping marked the beginning of celebration but this year, many people are likely to celebrate Christmas in the comfort of our houses.
According to the same report by eMarketers, they forecast that total US retail sales will rise 0.9% to $1.013 trillion. US brick-and-mortar retail will decline by 4.7% to $822.79 billion, while US retail eCommerce sales will jump 35.8% to $190.47 billion. We expect eCommerce to account for 18.8% of total retail sales.
For business owners & aspiring entrepreneurs, this time has huge opportunities as people will be looking to find eCommerce stores to shop for Christmas trees, gifts, home delivery of liquor, etc. If they find a suitable website where they find all these things with good deals and home delivery, they are likely to become loyal customers.
Yo!Kart -Yo!Kart is a feature-rich eCommerce marketplace solution that suits the needs of Startups, SMBs and large enterprises. Yo!Kart has developed a b2b eCommerce marketplace solution for the world’s largest brewers. Launch your liquor delivery marketplace with Yo!Kart.
The Holiday Season brings happiness for people all across the globe and also brings opportunities for business owners. Entrepreneurs who are planning to launch an eCommerce venture, need to capture the holiday season opportunities and generate traffic to give a boost to your business. Let us do our best & end the year with happy thoughts & high spirits.