How to Build Your eCommerce Busines

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1 year ago

I think eCommerce is a highly lucrative business opportunity. The best thing about eCommerce is you do not have to spend a lot of money to get started. Well, if you want to create an Amazon-like store, you surely need to spend a lot of money to develop the store and market the store, however, if you use free selling platforms like Facebook marketplace or Instagram shop, you have the potential to make a lot of money without spending any money. Even when you use popular marketplaces like Amazon or Etsy to sell your products, you do not have to spend a lot of money on eCommerce. All you have to do is sell the right product. In my opinion, selling a digital product is more lucrative than selling a physical product. That’s because you don’t have to bother with shipping and packaging, you can sell the product again and again, and you do not have to spend any money to further create products.

How to Start Your eCommerce Business

You need an idea for a business, you need to execute your idea to launch your business, and you need a marketing plan to generate sales. These are the essential steps to starting a business but these steps are not as easy as they sound. You need an idea for a business, but at the same time, you also need money to execute your idea. Execution of idea means you set up an office, build a manufacturing unit, or a supply chain, hire people to assist you, etc. If you do not have money, there is no way you can do it. But then having no money does not mean the end of the business dream, you can build funds in numerous ways from burrowing from friends and family to crowdfunding, angel investor, selling partnerships, getting a bank loan, etc. Marketing is also a very important step, without marketing you don't sell.

Two Scalable eCommerce Businesses That Can Make You a Lot of Money

When you are starting a business, you need to choose a business that is scalable. When the business is scalable, you can make a lot of profits. Here are two business ideas that are not only scalable but also cost little to nothing to start.

Print-On-Demand: Print-On-Demand is a business model where you sell mock-ups to make money. First of all, you create product mock-ups and list them for sale. You can create any products you want, from clothing items to home items. When someone buys the product, the marketplace will create products based on mock-ups and ship them to the buyer.  The marketplace will cut the product manufacturing cost and pay you the remaining money. Try Society6, Redbubble, Printful, Printify, etc. The start-up cost is zero.

Selling Digital products: You can sell ebooks, digital arts, commercial licenses for digital designs, fonts, social media graphics and templates, workbooks, online courses, etc. Try Etsy for selling. You have to pay listing fees, on Etsy. You can also try Gumroad or Zazzle.

Why You Need to Start Print-On-Demand Business Now

You need to start a Print-On-Demand business now because...

It is the easiest way to start an ecommerce business, you don’t need elaborate skills

You don’t have to create your own store, spend money on building your store

You don’t have to manufacture or outsource products

You make money by selling mock-ups

In order to start a Print-On-Demand business now, you need to...

Create product design: You will have to create designs for the products you are selling, these designs can be created on graphic designing software like Adobe Illustrator. You can also easily create product designs through Canva.

Create product mock-up: You will have to join Print-On-Demand marketplaces like RedBubble, Printful, Printify, Teespring, etc. Upload the design and create a product mock-up.

Launch your listing: Once the mock-up is complete, launch your listing. When you are listing, make sure to add enough profit margin for yourself.

Is selling actually easy?

Yes, it is, but in order to drive sales, you need to create products that are in high demand and create unique and original designs.

How to Sell on Redbubble to Make Money

Redbubble is a Pint-On-Demand Marketplace where you can sell different kinds of products without spending any money. Open account is free, listing your product is free, and selling is free. The only money you have to spend is the commission you have to give to Redbubble after your product is sold.

When you upload a design on Redbubble, you can use the same design on over 60 different products. In order to use this feature, you have to choose the “Upload To All Products” option. I suggest you apply your design to at least 25 products. However, T-shirts and stickers are high-selling products. Interestingly, you can have multiple accounts.

You can use any social media platform to promote your store or products. In my experience, the best social media platform to promote your products is TikTok and Pinterest. I also suggest you build a community on social media first. If you have a large community, selling will be easier.

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This is really interesting topic. This will be a big help especially to those who are business minded readers.. :))

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1 year ago

Ohh, nice thanks for the tips..

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1 year ago