Instead, if you can find a solid product that’s already being Latvia Email Address manufactured at a reasonable price from a marketplace like AliExpress, LightInTheBox, or DinoDirect and market it to your audience, you’ll have the start of a money-making eCommerce machine. Now, let’s get into the nitty gritty of how your online store is going to Latvia Email Address operate Whether you’re selling your own new products or reselling other goods, you still have to consider how much stock you’re going to carry, how you’re going to fund upfront purchasing costs, and where you’re going to store your inventory. Remember, even if you avoid paying Latvia Email Address rent on a storefront, you still need to store your inventory somewhere. Well. Not always. There’s another option that’s become incredibly popular in the last few years (and is my personal favorite way to operate a product business), called drop shipping.

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With drop shipping, you’re effectively partnering Latvia Email Address with a manufacturer or wholesaler to sell their products. This way, you don’t pay upfront costs to buy inventory, aren’t sitting on unsold items taking up expensive warehouse space, and don’t have to deal with shipping the products yourself. You simply create your site, fill it with Latvia Email Address drop shippable products, and drive in customers, with almost everything else done for you. Of course, there’s a higher price per product and your margins are lower, but you’re able to start your online store with little more than a Shopify theme and some hosted images of your products. Latvia Email Address When a customer makes a purchase, you in turn buy the product from your supplier who then ships it directly to your customer. No inventory. No handling products yourself. No shipping by hand. Sounds pretty amazing. If you want to supplement selling on your Shopify store with other marketplaces, here are a few other highly lucrative options.

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Fulfilled by Amazon: Rather than drop shipping, Latvia Email Address Amazon lets you store your products in their own warehouses, making them available for Free 2-Day Shipping to Prime members. Which has been proven to significantly Latvia Email Address increase sales. Etsy: If you’ve got handmade or crafty products, Etsy is a great marketplace to market and sell on (bonus points if your product is geared towards a more female audience) eBay: The online auction giant is still in the game and especially good for selling electronics, gadgets, Latvia Email Address clothing and apparel, and accessories. Craigslist: While the least scalable, it can be very cost- and time-effective to sell to people locally. Just be sure to put a lot of care into your product listings. Everything from learning how to write a headline that’ll capture attention.

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