14 years ago, my wife and I quit our jobs
We chose eCommerce as our next adventure
Fast forward to 2021 and we own two 7-figure online businesses
Do you want to do the same?
Here are 4 profitable eCommerce business ideas that you can get started with
//THREAD//
We chose eCommerce as our next adventure
Fast forward to 2021 and we own two 7-figure online businesses
Do you want to do the same?
Here are 4 profitable eCommerce business ideas that you can get started with
//THREAD//
Business 1: Dropshipping
One of the classic ways to make money online
How it works:
Dropship products form wholesalers
Sell them at higher margins on your website
You use your marketing to sell someone else’s product
One of the classic ways to make money online
How it works:
Dropship products form wholesalers
Sell them at higher margins on your website
You use your marketing to sell someone else’s product
Positives:
-No inventory
-Low startup cost
-You don’t handle fulfilment
Negatives:
-Saturated
-Fulfilment issues
-Low-profit margins (only 10%-30%)
Dropshipping is a great risk free starter to eCommerce
-No inventory
-Low startup cost
-You don’t handle fulfilment
Negatives:
-Saturated
-Fulfilment issues
-Low-profit margins (only 10%-30%)
Dropshipping is a great risk free starter to eCommerce
Business 2: Private Label Selling On Amazon
Private label means placing your own brand on a product you manufacture yourself
You can sell private labels on your website
Amazon makes the process easier for you.
Private label means placing your own brand on a product you manufacture yourself
You can sell private labels on your website
Amazon makes the process easier for you.
Positives:
-Higher margins (66%+)
-Control over your brand
-Get traffic from Amazons brand name
-Lower barrier to entry (no website, no traffic)
Negatives:
-You’re dependant on Amazon
-Bigger upfront cost for manufacturing and buying products
I recommend Private Label
-Higher margins (66%+)
-Control over your brand
-Get traffic from Amazons brand name
-Lower barrier to entry (no website, no traffic)
Negatives:
-You’re dependant on Amazon
-Bigger upfront cost for manufacturing and buying products
I recommend Private Label
Business 3: Wholesale Selling Products On Your Website
The popular eCommerce business model
Positives:
-50% margin rates
-Control over your brand
Negatives:
-More responsibility on you to handle inventory
-Medium competition (but still less than Dropshipping)
The popular eCommerce business model
Positives:
-50% margin rates
-Control over your brand
Negatives:
-More responsibility on you to handle inventory
-Medium competition (but still less than Dropshipping)
Business 4: Selling Private Label Using Your Website:
Dropshipping and selling wholesale with Amazon is a good place to start
But a sustainable and long term business model is private selling on your website
Dropshipping and selling wholesale with Amazon is a good place to start
But a sustainable and long term business model is private selling on your website
Positives
-66%+ margin rates
-Longer lasting business model
-Less competition (you’re selling unique products)
-More control of your brand (price)
Negatives:
-The responsibility is on you
-Must source your own goods
Want a challenge? Sell private label products.
-66%+ margin rates
-Longer lasting business model
-Less competition (you’re selling unique products)
-More control of your brand (price)
Negatives:
-The responsibility is on you
-Must source your own goods
Want a challenge? Sell private label products.
Still, looking for a direction in the eCommerce space?
I can help you.
Download my FREE course just for you.
It gives you a step by step guide to getting started with eCommerce and online business.
Start your journey today:
mywifequitherjob.com/how-to-open-an…
I can help you.
Download my FREE course just for you.
It gives you a step by step guide to getting started with eCommerce and online business.
Start your journey today:
mywifequitherjob.com/how-to-open-an…
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