This one is for those of you who have a businessman or a businesswoman hidden inside them. Setting a physical store entails enormous investment and resources, not to mention the various different permits etc. Online store is your solution to all these problems. No searching for location, no rental agreements, no worrying about security of your store, and no haggling with customers over money.
Online store is perfect for you if you are into making any product that you would like to sell or if you are resourceful enough to procure goods at cheaper price from elsewhere and sell them online at higher prices. Both these approaches work for an online store. If you can make or offer any kind of product or service, then online store is best way to market your talent.
Products sold online range from eatable goods like cakes, biscuits, and chocolates to decorative items like handicraft and much more. Services range from personal ones like parlor-at-home, to the more business oriented one’s like website designing and many more.
How to Make Money from this:
- Decide the niche you want to work with, it can be anything from food to clothes. Set up a product procurement line, you can either manufacture the product yourself, or source from elsewhere and upsell, or outsource the manufacturing. Decide whether you want to start an independent online store, or register for one on sites likes eBay, which offer all the peripherals for online store under one roof. In case you want to start an independent store, you will have to decide on a domain name, website design, find a developer; decide on payment mode you want to offer clients and much more. Finalize these details work on them and then get your store live online. In case you want to setup a store quicker, you can register with sites like ebay. in or indiebazaar. com etc. Both sites have a simple signup process. After you get verified as a seller, they provide you with a step-by-step wizard to set your online store Once your store is lie, ad in the products you want to sell and start doing business.
Earning potential – Unlimited. Depending on how you price your products, and how popular it gets.
Expertise Level required – You need good business acumen to earn money from this technique. From choosing the right product, to pricing it well; and most importantly promoting your product in a manner to garner maximum sale; it’s all part of running a good online store.
I nvestment required – 50$ 500$ you will need to invest in product procurement, and setting up of a product delivery channel at least. In case you decide to build your own store, then the investment rises significantly and will reach the upper limits of investment.
Where can you start – Template Monster, Theme Forest, Google Playstore
