20 Unique E-Commerce Business Opportunities for 2017Are you interested in starting an e-commerce business? Then below are the top 20 great e-commerce business ideas you can start from home with little or no money in 2017.

1. Domain Name Brokerage

Domain name brokerage involves registering or purchasing dot-com names and reselling them at a higher price later. Domain name brokers usually target names of big businesses that have not registered their domain names yet and offer it for sale to the companies. This is a business that can be run from the comfort of your home.

2. Become an E-Commerce Consultant

Transacting business online is much more technical than doing it in the real world, which is why a lot of people search for experts in this field that would see them through and help them establish their e-commerce business, help them build and improve their websites, show them how to hawk their products on the internet and build an effective mailing list for them.You can become an E-Commerce consultant and earn up to $1,000 daily. There is a professional institute of E-Commerce consultant where you can register for training and become certified.

3. Online Scholarship Directory

Yearly, students look for scholarship opportunities to help them in financing their studies and there are thousands of such scholarship opportunities but lots of students don’t have an idea of where to find them. You can make money by creating a members only website where people can subscribe for daily scholarship information at a fee.

4. E-Bargaining

This business involves compiling a list of discounts available and supplying this information to your subscribers via e-mail newsletter. You can also help to sell some of these products and make money from it too. On your website, you can have people come and advertise their products and services for a fee.

5. Become an Internet Trainer: There are a lot of people out there who know so little about the internet and are willing to hire you to train them on how to make better use of the internet.

7. Information Consultant

Big companies seeking to create new products or beat the competition, Research institutions as well as professional groups all rely on information to take major decisions. If you are a person who loves carrying out research and gathering information, you can become an online information consultant.

8. Online Children’s Camps

During the holidays, parents look for ways to keep their kids busy and occupied. A lot of parents send their kids off to holiday camps but quite a number of parents cannot bear to part from their kids for few weeks so instead, they enroll them on online camps.

9. Escrow Payment Solutions

With a lot of buying and selling going on the internet, the issue of payment and delivery is usually a challenge. A lot of people have lost huge sums of money due to paying for goods which they never get.

You can help to solve this problem by creating a payment platform where you would act as the middle man between the buyers and sellers and accept payment on behalf of the seller which would only be released when the buyer receives his purchase and is satisfied with it.

10. Auto-Care

Recently, I was going through a business forum and I saw a particular topic created where advice and assistance were being given to car owners who had issues with their vehicles and there were so many people interested in one information or the other, so I thought to myself “What a wonderful business opportunity” so I decided to check if there were people offering such services on the internet and I found out there were few of such businesses.

11. Jewelry and Accessories-: You can also make money from selling jewelries and accessories for ladies on the internet.

12. e-Book store

E-books are gradually replacing paperbacks and there are lots of e-books out there that you can sell and get your commission. You can also make money from selling educational books, motivational books, audio books, tapes and CDs in your online bookshop.

13. Wedding and Bridal Stores

Help brides look good on their wedding day by selling wedding supplies such as wedding gowns, rings, invitation cards and other wedding items online. You can also start a wedding gown rental business.

14. Pet Care and Supplies-: Selling pet toys, foods, shampoos and other supplies needed to take care of pets is another trending e-commerce business opportunity.

15. Software Development and Sales-: Are you tech-savvy? Can you build software or android applications? You can make money from building software and applications for sale.

16. Currency Exchange Services

There is a lot of international buying and selling going in the world and people generally need to exchange currency to be able to purchase items from other countries. With a domiciliary bank account and online internet banking platform, you are ready to start your own online currency exchange business.

17. Online Vitamin Sales

Have you ever thought about writing articles about health products and then making money from selling such products? You can make money from selling vitamins, herbal supplements, skin care products and weight loss products online

18. Personal Shopper

A lot of people hardly have time to shop while some others do not trust their own decisions. You can make money from becoming a personal shopper who makes purchases on behalf of people according to their preferences and unique tastes.

19. Network Marketing-: You can also become a network marketer who sells MLM products to people on the internet.

20. Adult Shops-: Adult shops are shops were products that help couples improve their sexual life and intimacy are sold.

INSTITUTE OF COST ACCOUNTANT  OF INDIA

The Institute of Cost Accountants of India (ICAI), previously known as the Institute of Cost & Works Accountants of India (ICWAI), is a premier statutory professional accountancy body in India with the objects of promoting, regulating and developing the profession of Cost Accountancy. It is the only licensing cum regulating body of Cost & Management Accountancy profession in India. It recommends the Cost Accounting Standards to be followed by companies in India to which statutory maintenance of cost records applicable. ICAI is solely responsible for setting the auditing and assurance standards for statutory Cost Audit to be followed in the Audit of Cost statements in India. It also issues other technical guidelines on several aspects like Internal Audit, Management Accounting etc. to be followed by practising Cost Accountants while discharging their services. It works closely with the industries, various departments of Government of India, State governments in India and other Regulating Authorities in India e.g. Reserve Bank of India, Insurance Regulatory and Development Authority, Securities and Exchange Board of India etc. on several aspects of performance, cost optimisation and reporting.

The ICAI is a Founder Member of the International Federation of Accountants (IFAC),^[1]Confederation of Asian and Pacific Accountants (CAPA)^[2] and South Asian Federation of Accountants (SAFA).^[3] ICAI is a member of the National Foundation of Corporate Governance(NFCG).^[4] The headquarters of ICAI is situated in Kolkata, and operates through its four regional councils located at Kolkata, Chennai, Delhi and Mumbai, 94 chapters in India and 78 chapters abroad.

HISTORY

The Institute of Cost Accountants of India (ICAI) was first formed as a registered limited company in the year 1944 as per the provisions of the then companies Act, 1913 with the initial objective of promoting, regulating and developing the profession of Cost Accountancy. Post Independence, the institute got statutory recognition when the Parliament of India enacted "The Cost and Works Accountants Act" (Act No.23rd of 1959),^[5] a special act, on May 28, 1959 to accord statutory recognition to ICAI (then ICWAI) as an autonomous professional Institute with the objectives of promoting, regulating, and developing the profession of Cost and Management Accountancy.

The CWA Amendment bill, 2011 was passed by both the Houses of Indian Parliament viz. Lok Sabha and the Rajya Sabha on December 12, 2011 and assented by the Honorable President of India on January 12, 2012. The changes were published in the Official Gazette of India on January 13, 2011.

Cost & Management Accountants (CMAs)[edit]

CMA Logo for exclusive use by Indian CMAs

This is the primary qualification of the ICAI and following completion of up to three levels (Foundation, Intermediate and Final) examinations^[6] and three years of practical training^[7] in areas like lManagement Accounting, Cost Accounting, Financial Accounting, Taxation, Audits, Corporate Laws etc. enables an individual to become a Cost & Management Accountant.

• The new syllabus has been introduced in August 2016 following the International Education Guidelines (IEG) of IFAC to get the advantages in the process of Mutual Recognition Agreement ( MRA) among /different member countries of the world under GATS in WTO.
• Subjects for examinations include management accounting, Financial Accounting, strategic management, taxation, corporate law, financial management, business valuation, financial reporting and cost & management audit etc.
• Students who have passed degree examination of any recognised university or equivalent are eligible for admission directly to Intermediate level.
• Paperwise exemptions on the basis of reciprocal arrangement are available to students who have passed Institute of Company Secretaries of India Final Examination.^[8]
• Examinations are held twice a year in June and December in various examination centres in India and overseas centres. And Results are declared in the month of August and February for June term and December term exams respectively.^[9]

A student has to pass three levels of examination and complete three years of practical training to be eligible to apply for Associate membership of the Institute.

The members of the Institute of Cost Accountants of India carry the designation ACMA (Associate Cost and Management Accountant) and FCMA (Fellow Cost and Management Accountant), as applicable based on their type of membership of the institute.

chartered accountant


Chartered Accountants were the first accountants to form a professional accounting body, initially established in Scotland in 1854. The Edinburgh Society of Accountants (1854), the Glasgow Institute of Accountants and Actuaries (1854) and the Aberdeen Society of Accountants (1867) were each granted a royal charter almost from their inception.^[1] The title is an internationally recognised professional designation, and is generally equivalent to the American certified public accountant designation.

Chartered accountants work in all fields of business and finance, including audit, taxation, financial and general management. Some are engaged in public practice work, others work in the private sector and some are employed by government bodies.

Chartered accountants' institutes require members to undertake a minimum level of continuing professional development to stay professionally competitive. They facilitate special interest groups (for instance, entertainment and media, or insolvency and restructuring) which lead in their fields. They provide support to members by offering advisory services, technical helplines and technical libraries. They also offer opportunities for professional networking, career and business development

India[edit]

In India, Chartered Accountants are regulated by the Institute of Chartered Accountants of India (ICAI) which was established by the Chartered Accountants Act, 1949. Prior to 1950, restricted state auditors were registered with the respective princely states and British provincial state governments. Associate members of the ICAI are entitled to add the prefix 'CA' to their names. Members who are in full-time practice, and have completed five years of practice, can add 'FCA' as a prefix to their names.^[9]

As of April 2014, the ICAI is had nearly 230,000 registered members.^[10]

Entry to the profession can be made by taking the CPT^[11] after completion of schooling (12th grade). Alternatively, graduates may take the intermediate exam.

The intermediate examination is divided into two groups of subjects. On clearing the first group of the IPC level, the student has to get training as an articled assistant for three years in a chartered firm. In the third year of training, before taking the final exam, trainees have the option to work in any industry. A comprehensive 100 hours of information technology training and an orientation programme for soft skills development have to be completed before being articled.^[12]

For overall development, the student has to undergo a training course in soft skills and communication, named GMCS, which usually last for fifteen days. GMCS-II and advanced information technology training have to be completed in the final year of article ship or can be undertaken after the exams.

Top 5 courses for commerce students

The top 5 courses at the graduate level are as follows:

Bachelor Of Commerce (BCom)

Bachelor Of Business Studies (BBS)

Bachelor Of Management Studies (BMS)

Bachelor Of Business Administration (BBA)

Bachelor Of Business Management (BBM)

However, the Bachelor of Commerce programme itself offers a plethora of specialisations.

1. Bachelor of Commerce (BCOM)

The Bachelor of Commerce course gives students a general idea of buying and selling of goods, provision of services, productions and property, and much more.

The BCom degree can help establish a career in finance, taxation, operations, etc, depending on the course specification opted for.

There are more than 50 specialisations which can be opted for across colleges  all over India.

Listed here are some of the most widely picked choices which are commonly available as an option in most colleges in the country.

Course Duration: 3 years
Career Steps: B.Com  can be a stepping stone for further degrees like Chartered Accountant (CA), Company Secretaryship (CS) and Cost and Work Accountancy (I C W A ).

Top specialisations in B.Com

Accounting and Finance

Specialising in accounting and finance trains students who are looking to pursue a career in banks, insurance companies and industries.

The University of Mumbai has also created a separate course in accounting and finance for those students who are focused on getting into the fields.

Some of the subjects studied here include financial accounting, cost accounting, auditing, taxation, business law, economics, business communications, etc.

Economics

For an overall view of the subject, some students opt for a major in economics. This may not train students for a particular career path but it provides an overall view of the commerce stream and students can choose to follow a career path or pursue further studies on completion of the course.

Auditing

For those who want to find a career as a Certified Public Accountant, Finance Manager or Chief Financial Officer, majoring in the field of Auditing is a good idea.

Subjects studied under this specialisation are advanced financial accountancy, auditing, financial markets, corporate financial policy, financial service, etc.

Taxation

Subjects studied under the specialisation of taxation include financial accounting, economics, business mathematics and statistics, direct and indirect taxation, public finance and taxation, and more.

This course prepares students a career as a business tax consultant or a property tax consultant. Other job roles include Manager of Accounts and Direct Taxation, Manager of Employment Taxation, Manager of Corporate Taxation and others.

Advanced Accountancy

Advanced accountancy prepares a student for work in the areas of accounting operations, patterns, merger of public holding companies, foreign currency operations, etc. It also helps provide an understanding in advanced financial accounting issues such as lease contracts, pension funds, end of service severance payments, etc.

After completing this course, it is possible to have a career as a public accountant or a financial consultant.

Banking and Insurance

Majoring in banking and insurance will enable a student to be well equipped to follow a career in one of these two growing fields.

The University of Mumbai introduced it as a special course to train students so as to provide the banking and insurance sectors with competent people for their workforce.

The course subjects include life insurance, legal framework, non-life insurance, etc.

Marketing Management

Specialising in marketing management can provide multiple job opportunities starting from Marketing Executive up to Marketing Manager. It is also possible to start a consultancy firm that advises corporate companies on marketing strategies.

The subjects covered are a range that includes communication, financial accounting, business regulatory framework, consumer behaviour, sales management and more.

2. Bachelor of Management Studies (BMS)

The Bachelor of Management Studies degree was started to give students a hands-on experience so they can connect theories learnt during classroom sessions with its application in real-life situations in organisations.

It has a more practical outlook as compared to other courses.

The course was started by University of Mumbai for Mumbai-specific colleges.

Some of the subjects studied in this discipline include business mathematics, managerial economics, business ethics and corporate social responsibility, human resource management, etc.

Course Duration: 3 years

Top Institutes: St Xaviers College (Mumbai), SNDT Women's University (Mumbai), HR College (Mumbai), SIES College of Arts, Science and Commerce (Mumbai), Sydenham College (Mumbai)

Career Steps: Completion of the BMS degree offers careers in human resource management, sales and marketing, finance, research and development, etc.

3. Bachelor of Business Studies (BBS)

The Bachelor of Business Studies provides students with a broad knowledge of business combined with specialist knowledge of a particular area of business, the choice of which is at the discretion of the student.

The course focuses on developing the ability to think critically and analytically.

It also teaches students to relate classroom ideas to practical business situations which they will face while working in the industry.

Most of the subjects covered in the course are from the fields of accounting and economics so having a prior background in these fields is helpful.

The course was introduced by the University of Delhi to give students a competitive edge in the business world.

Course Duration: 3 years
Career Steps: Graduates from this course can take up careers in the fields of finance, marketing and human resource management.

4. Bachelor of Business Administration (BBA)

The Bachelor of Business Administration degree trains students in the field of business administration and has plenty of specialisations of which the management ones are the most popular.

The BBA program usually includes general business courses and advanced courses for specific concentrations.

Some of the specialisations offered under the program are air travel management, finance and accounting, marketing and sales, hotel and tourism management, banking and insurance, information technology and international business.

Specific Eligibility: Undergraduate Aptitude Test

Course Duration: 3 years
Career Steps: Students can follow up a BBA degree with a postgraduation in Master of Business Administration (MBA). Other career options depend on the specialising subjects

5. Bachelor of Business Management (BBM)

Bachelor of Business Management is a programme that is aimed at providing knowledge of the theoretical and practical aspects of business.

The most commonly picked specification under this programme is the international business stream.

Some of the subjects in this course are economics, marketing, agriculture business, business laws and ethics, project management, etc.

Course Duration: 3 years
Career Steps: This course can open up career options in the products and services sector in terms of job opportunities as well as entrepreneurship.

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Career in Commerce after 12th-Job Opportunities in Commerce
With the positive changing scenario around the world in the realm of economic activity, selecting Commerce as a career option is one of the best to grab. Commerce students get familiar with knowledge of business, trade, market fluctuation, basics of economics, fiscal policies, industrial policies, share market, stock markets, etc.  Considering the burgeoning activity of market, talented commerce graduate are needed to make a balance in the demand and supply.

Commerce Course Details

• After passing the 12th standard from Commerce stream from recognised board, one may enroll for Bachelor of Commerce (B. Com) degree. Bachelor of Commerce (B.Com) is a full time three year degree course.
• One can also pursue Postgraduate course (M. Com) in Commerce. For this, one has to successfully passed Bachelor of Commerce (B. Com) degree from a recognised University.
• During their course, the students have to study the following branches of Commerce such as Finance, Business Administration, Accountancy, E-Commerce, Economics and Marketing.

Courses Available after 12th Commerce

• Finance
• Banking
• Chartered Accountancy
• Company Secretary
• Insurance
• Foreign Trade
• Stock Broking & Investment Analyst
• Economics

Job Oriented Career Options in Commerce

• Gone are the days when Bachelor in Commerce course offers two major options-B.Com with Accountancy and B.Com with Management. However, with the requirements of the industry, some specialised disciplines are available with Commerce. Students now can specialise in Bachelor in Accountancy and Finance (BAF), Bachelor in Banking and Insurance (BBI) and Bachelor in Financial Markets (BFM). One can also get a good placement after successfully completing the B.Com course and Advanced Diploma in Tourism and Travel Management. After completing these courses, the graduates often have the opportunity of campus placements where salary between 3.00 to 9.00 lakh are offered.

Career in Commerce after 12th-Job Opportunities in Commerce

•  April 18, 2013  Education  87 Comments
  With the positive changing scenario around the world in the realm of economic activity, selecting Commerce as a career option is one of the best to grab. Commerce students get familiar with knowledge of business, trade, market fluctuation, basics of economics, fiscal policies, industrial policies, share market, stock markets, etc.  Considering the burgeoning activity of market, talented commerce graduate are needed to make a balance in the demand and supply.

Commerce Course Details

• • After passing the 12th standard from Commerce stream from recognised board, one may enroll for Bachelor of Commerce (B. Com) degree. Bachelor of Commerce (B.Com) is a full time three year degree course.
  • One can also pursue Postgraduate course (M. Com) in Commerce. For this, one has to successfully passed Bachelor of Commerce (B. Com) degree from a recognised University.
  • During their course, the students have to study the following branches of Commerce such as Finance, Business Administration, Accountancy, E-Commerce, Economics and Marketing.

Courses Available after 12th Commerce

• • Finance
  • Banking
  • Chartered Accountancy
  • Company Secretary
  • Insurance
  • Foreign Trade
  • Stock Broking & Investment Analyst
  • Economics

  

  
  

Job Oriented Career Options in Commerce

• Gone are the days when Bachelor in Commerce course offers two major options-B.Com with Accountancy and B.Com with Management. However, with the requirements of the industry, some specialised disciplines are available with Commerce. Students now can specialise in Bachelor in Accountancy and Finance (BAF), Bachelor in Banking and Insurance (BBI) and Bachelor in Financial Markets (BFM). One can also get a good placement after successfully completing the B.Com course and Advanced Diploma in Tourism and Travel Management. After completing these courses, the graduates often have the opportunity of campus placements where salary between 3.00 to 9.00 lakh are offered.

MA Degree in Commerce

• Post Graduate in Commerce placed you at a better advantageous position than B.Com as far as job market is concerned. MA in Commerce provides you wide ranges of opportunities in the field  such as teaching, civil service exam, higher education, banking sector, broking, research, actuarial sciences, financial institutions, and in the domain of economics. One can also pursue Ph.D. after completing MA in Commerce for the purpose of higher education and teaching profession. Better options are also opened at Cost Accountants, Company Secretary and Chartered Accountant.

Career Prospects in Commerce

• The career prospects in commerce and its interdisciplinary domains such as Banking, Chartered Accountancy, Company Secretary, Economics, Stock Broking, Cost Work and Accountancy, and Agricultural Economics are extremely bright. B.Com along with Chartered Accountancy or MBA will pay you to a larger extent. These degrees will able to pay you to have a good position in public and private organisations. If you are ambitious and hardworking, you may also make your niche in the field if financial engineering. Choosing CA after 12th is interesting and challenging options. It shouldn’t club with B.Com or other courses. After graduation in commerce, one can choose M.Com, Business Economics, Finance Control, MA Economics MA operational and Research Statistics at Postgraduate level.

Career Options in Commerce

• • Accountant
  • Accountant Executive
  • Chartered Accountant
  • Company secretary
  • Cost Accountant
  • Finance Analyst
  • Finance Planner
  • Finance Manager
  • Finance Controller
  • Finance Consultant
  • Investment Analyst
  • Stock Broker
  • Portfolio Manager
  • Tax Auditor
  • Tax Consultant
  • Auditor
  • Statistician
  • Economist

  
  
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Job Opportunity in Commerce

• More or less, all the organisations have financial managers, treasurers, controller, credit manager, and other financial staff who made their financial reports for tax and other requirements. The employment opportunities in commerce fields are lucrative. The door of both private and public organisation is open for commerce graduates. They may work in this organisation as Manager, Auditors, Specialist, Consultant, Management Executive, Account Executive, Junior Accountant, CA, Book Keeper, Entrepreneur etc.  The importance of commerce graduates further increases after sea changes in various parameters of Indian Economy like bank deposits, mutual funds, stock markets, venture capital, insurance schemes and portfolio management. Teaching may also be one of the options after pursuing higher studies.

  • Public Organisations
  • Big Business houses/firms
  • Small Business houses,firms
  • Finance and Leasing
  • Banks
  • MNCs
  • TNCs
  • BPOs
  • KPOs
  • Software industry, etc.

Salary in Commerce Field

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  • To a larger extent, the remuneration in the field of commerce depends upon area of specialisation and your institutions. At the entry level, Salary starts from 15, 000-20, 000. Since, the significance of commerce has increased manifolds, post Liberalization, Privatisation and Globalization (LPG) era, the experience and knowledgeable candidates are getting handsome salary.
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