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e-Commerce doesn’t have to be so complicated, especially when you specialize
Many people believe that it takes a huge amount of hard work and effort to make money from e-commerce, but this really is a myth. Don’t get me wrong, there’s still plenty of work to be done, but it is wholly possible to start generating a profit in e-commerce without having to quit your day job.
People who really want to make a go of e-tail would be looking to set themselves a target of a 6-figure sum in monthly sales, with a decent profit margin (minimum 30%). This will give you more financial freedom and the option to scale up your business even further. The process of generating a handsome profit all starts with choosing and testing the right products to sell from your online store. Here are some tips for beginners looking to source and market profitable items for their niche customers. Continue reading
One of the biggest decisions you’ll need to make as an e-commerce business owner is also the one that could make or break your financial freedom.
How you control and distribute the products you sell through your site is a critical choice you have to make during the outset of your business development. In this post, we’re going to find out if the dropshipping method can help you attain financial freedom, or if managing the ebb and flow of supply and demand would be better handled internally.
Managing a profitable e-commerce business is a process that requires strategy, resilience, and a fair bit of trial and error. The day-to-day logistics of your business could change dramatically in the first year, depending on how much you learn and how quickly you learn it. Making changes is scary but necessary—and the more you understand about your options, the fewer changes you’ll need to make.
For some creative e-commerce business owners such as artists, musicians, and carpenters— dropshipping doesn’t come into play. If you make the product you sell in house, you never need to consider wholesalers. However, if you create digital designs for your products but don’t manufacture them, a big decision will be how to cost-effectively manage the manufacture and shipping of your orders. Continue reading