What is e-commerce
There are many ways to make money online but this e-commerce business is profitable and easy to start. In this article, you will learn about how you can start an e-commerce business and make money online. In the e-commerce business e stand for electronic so, it is called electronic business. In business, you have to sell a product. you can manufacture, and purchase from a wholesaler or you can use dropshipping method to start a business which method is best for beginners?
Manufacture product: this way is only for manufacturers and for big businesses not for beginners. but the profit margin is good as the cost of product business and you get more profit.
Purchase from a wholesaler: purchasing from a wholesaler is also a good choice to start an online business. Whenever the wholesaler word comes Alibaba is the top number one site. This is good but takes time because you have to import from Alibaba or any other or you can buy from a wholesaler which is located in your home country.
Dropshipshipping: Dropshipshipping Is a new way for online business and is also popular nowadays. What is dropshipping? Simply put, when someone ordered a product from your store you get a notification and you tell your drop shipper to ship the product to the buyer's address (this address is sent by you to the drop shipper).
Which platform is best
choosing a platform is the first and beginning step, it is very important to choose a good platform before starting. There are two things you can do first you can a marketplace and second, you create your shop if I store. Marketplace means you sell your product at a marketplace like Amazon, Walmart, or Etsy. Both have merits and demerits I tell you both merits and Demarits.
Amazon marketplace
Amazon marketplace is the biggest e-commerce marketplace. Amazon charges some fee to start selling. Firstly, Amazon charges a professional selling plan cost $39.99 per month second, Amazon charges $0.99 per unit sold this is a collect individual plan, You can choose only one plan individual or professional. Third, there is also a referral fee that you pay when a product sells referral fee varies from category to category. Simply put, the fee deducted is good but the advantage is you get a marketplace for selling if you are the manufacturer or purchase from Alibaba then you start on Amazon Marketplace.
ETSY
For selling jewelry, Crafts, and home decor Etsy is good providing access to more than 40 million customers. How Etsy charges you if you start selling on it. Firstly Etsy charges 20 sent for each listing and the listing remain to live until they sell or for four months and then automatically deleted. Second, there is also a processing fee of 3% plus $0.25 and a 6.5% transaction fee Third, if You sell the product on Etsy’s s off-site ads, They take a cut this cut is 15% if you made up to $10,000 on Etsy Sales in the past 365 days. The percentage will decrease to 12% if you sell a product and exceeded $10,000 in the past 365 days. You sell on Etsy if you want to sell in the United States and category of women and because the major traffic on Eysy has come from the united states and it’s mainly on home decor, and craft categories.
Shopify
Shopify is a very good platform for creating a selfstore and making money online. Shopify is used by 1 million businesses and is also a top-level e-commerce that will provide all services you need for creating a store. You can create a store and start promoting through social media or paid advertisements and start earning money. Shopify charges some fee which is given below.
- The cheapest plan cost nine dffollars a month but if you buy from this link you only pay $1
Create your store
An online store allows customers to buy items from you using mobile or desktop. People search for an interesting online store that can make some pages so that customers trust your store such as about us contact us privacy. Make sure to read these pages before selling. Inventory is also the biggest issue, especially for retailers who make sure to have more inventory.
Setup payment process
A payment process allows you to take payment from the customer when they buy a product. Debit or Credit card is the most popular payment method for online shopping. Accepting cards on online stone captures those people. The second is a digital wallet on these digital wallets the card is saved and people do not enter card details every time third is buying now pay later in this shop shoppers purchase products and pay in installments. Shop pay installments enable this on your online store Shop pay is a service of Shopify. you will capture millions of people by enabling this method of payment.
Promote your product
After completing all the steps the final step is to promote your product you can promote through social media like Facebook, Instagram pages, etc. Running paid advertisement is also s a good idea it brings a target audience and it is very quick but you should have a budget to invest. Partnerships with influencers also increase your sale by up to $1000 you can do this through Instagram or TikTok influencers.
