You can run your own online stores. The reason for many not starting their own online stores is that there are a few myths that stop them from doing it. Today, I resolve to break those myths and help people make more money.
It takes a lot of time to have my online stores built.
Answer: Not really. We have readymade shopping carts like BigCommerce, Shopify, 3dcart, etc. All that you have to do is choose a domain name, register and choose the shopping cart. Your online stores will be live on the World-Wide-Web in less than 5 minutes.
It takes a huge investment to stock up my inventory.
Answer: This statement was true until someone introduced the dropshipping concept but not any longer. With dropshipping concept, you don’t need to stock up your inventory but someone else has already done it for you. We’ll talk about Dropshipping in detail, a little later.
The fulfillment operations are very complicated.
Answer: It used to be until SMCommerce became available in the market. With SMCommerce, the entire fulfillment process is simplified.
There is a stiff competition and the margins are very thin.
Answer: The market is big and the opportunity is huge. The margins differ from product to product so it totally depends on the product range you choose to sell. Moreover, your business is profitable if you focus on volume than huge profits.
Promoting my website is tough and I cannot depend on that for regular income.
Answer: There are a lot of ways you can promote your website like PPC, Social media marketing, etc but you need not be just dependant on your website. You can sell on other marketplaces like amazon, sears, ebay, etc till your website gets you enough business.