eCommerce is Predicted to have 2.14 billion Global Buyers by the End of the Year
Are you still looking to get into E-com?
Here are 8 E-com Business models that will save you time and money
//THREAD//
The E-com model you choose comes down to one thing:
Risk vs Reward
Models can be:
>Easy to start but hard to profit
>Hard to start but can be extremely profitable
This thread rates each model based on the:
1) Profit velocity 2) Ease of launch 3) Level of competition 4) Sustainability and risk
Learn how to make the right decision in this thread:
1) Dropshipping With Your Website
How it works:
1. Contact wholesaler to get approved as retailer 2. Build your website that lists products 3. Build traffic sources to the website 4. Send orders to wholesalers for fulfilment
Cons
>Less pricing flexibility
>Vendors can be unreliable
>Paid ads difficult with the low-profit margins
>Your business reputation relies heavily on vendors
> Customer support is difficult depending on 3rd party
Dropshipping ratings:
>Profit velocity: 3/10
>Ease of launch: 8/10
>Level of competition: 3/10
>Sustainability and risk: 6/10
2) eBay and Amazon Arbitrage
How it works:
1) Resell Amazons on eBay for higher 2) Copy + Paste images and product description onto eBay 3) Resell on eBay at a higher price 4) When the auction finishes on eBay, buy the product on Amazon and ship it to the buyer