Pretty much everyone can indeed start a business, but sometimes you don't know precisely what exactly you could do. There are plenty of avenues in which you can make money online, but it can be very confusing for the first time entrepreneur which particular e-commerce business to start.
In this article, we'll show you X e-commerce businesses that you can invest in and also a few tips on how to start each business. Hopefully, by the end of this article, you'll have a general knowledge of each e-commerce business and choose on that piques your interest.
There's a significant movement towards self-education nowadays. More and more people are starting to go to the route of learning things online rather than the traditional route of going to high school, college, or universities. These days, people want to learn a lot more specific kinds of subjects rather than a big broad subject. Thus, the rise of online courses.
Starting an online course is a great way, even if you haven't built up an audience, to make an excellent passive income. Starting online courses can be really passive because all you need to do is make an online course on something you're interested in or passionate about, film it, edit it, and can be done at around 3-5 days.
There are a few different ways to sell your courses. One, you can sell it on your website and post it there as a digital download. Two, you can also look to sell on course marketplaces. The big ones are Udemy, Teachable, and Skillshare, which are dedicated to hosting and advertising your courses.
If you're unfamiliar with what affiliate marketing is, it's essentially a way in which you promote or recommend a product or service and get commissions every time someone buys that product or service through your link (affiliate link).
One of the biggest affiliate marketing websites in the world is Amazon.com. They have this program called Amazon Associates. For example, If you were to review affordable watches and post on your channel and website, you can put in your link where the viewers can buy them. Every time someone buys the items through your link, Amazon pays you a commission.
This is one of the passive e-commerce businesses where you generally have to put a little work up front, like setting up a Youtube Channel and Website for your reviews. But once you've set it up, then you'll start to feel the passive income stream, especially if you do well in reviews and blog post recommendations.
Etsy is one of the largest e-commerce sites where you can sell pretty much anything you made or designed. It's a really good place for people who like to do crafts and handmade items. So if you're into creating t-shirt designs, knick-knacks, and whatnot, Etsy is a fantastic place for you to start selling.
You can also sell digital downloads in Etsy as well. A lot of people who are using Etsy are making over $100,000 a year by selling things like a cut-out template for kid's clothing. An awesome thing about Etsy is they do pretty much all of the marketing for you; you don't have to spend much time to market your items.
If you do already have a product, creating a Shopify store is another way to sell them and make money online. The best part about Shopify is that it's very intuitive and beginner-friendly, unlike other e-commerce site builders that are very intimidating and complicated.
With Shopify, you can get your e-commerce site up and running in about 20 minutes and start selling your products. There are also a plethora of tutorials and guide online on how to maximize your Shopify sales and use apps, and sales channel are best for your store.
If you're good with social media, especially on platforms like Instagram, Twitter, Pinterest, Snapchat, and Youtube, definitely consider being a social media consultant and offer management services.
A lot of older people are still not that good with social media and don't generally understand how massive it can be for business. These days, a lot of companies still aren't even using a proper website, Instagram page, or Facebook page, missing out on potential customers and eyeballs to their business.
There's a great market for social media consultancy. So if you're younger or even a bit older but a techy person, you can go to these companies or older people, offer them your services and manage their social media presence and charge them monthly.
The world of business has really changed. Getting into e-commerce is definitely an advantage compared to brick and mortar stores purely because of its reach to a bigger audience in a short amount of time.
The barrier of entry into an e-commerce business is also very low, so there's no excuse for anyone who wants to earn online to try out one of the e-commerce businesses we discussed in this article.
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