Dropshipping is perfect for learning the ins and outs of eCommerce without much risk.
#2 Selling Private Label Products On Amazon
Private labelling = placing your own brand or label on a product you manufacture yourself
You can sell private label products on your own website (more on that later) or sell on Amazon.
Generally, Amazon is easier.
Pros:
- great margins (66%+)
- control over brand/products
- get traffic/recognition via Amazon's brand name
- few barriers to entry (no website, no traffic, etc)
Cons:
- dependant on Amazon
- larger upfront cost (manufacturing + buying products in bulk)
This is a great option
#3 Selling Wholesale Products On Your Website
This is the 'traditional' eCommerce business model.
Pros:
- 50% margins
- control over your own brand
Cons:
- handle your own inventory or use a 3PL (more responsibilty)
- moderate competition (easier than dropshipping)
#4 Selling Private Label Products On Your Website
Dropshipping is a good place to start
& selling wholesale on your own website & private-label on Amazon is a good step-up
But, selling private label products on your own site is a real business model with long-term potential
Pros:
- 66%+ margins
- long-term business model
- less competition (unique product)
- more control over brand (pricing, branding, etc)
Cons:
- more responsibility overall
- must source your own goods
Selling private label products is great if you're up for the challenge.
There are SO many directions to go in the big wide world of eCommerce.
If you need help finding your way?
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