Many of you have been thinking of starting your own business for a long time but due to financial crisis or less experience, you don’t want to step forward. But in this article, I will share with you some simple ways in which you can start your own business by selling products online.
You must be wondering that how do we sell products without any inventory, yes it is possible to start your own online store without even thinking of inventory and shipping.
Below are the 2 ways through which you can sell products online without owning anything
- Dropshipping
- Affiliate Marketing
Dropshipping
In simple words, dropshipping refers to taking orders on your website and then making a commission. It is a process wherein the customers will come to your website and then place an order from the products on your website. In this, you need a company support system in which these orders will go through the company itself and the company will send them out. You will only have to collect the commission on the sale rest all the tasks will be done by the company support system.
The main difference here from the original store is you do not have to store the products and you do not have to send them anywhere. This is how dropshipping works, it is a true example of selling products online without any inventory. Also, if you are able to find a supplier with low prices then you can set your own margin and this can be very profitable. Dropshipping is best for those who want to get more sales through online selling but don’t want to buy their own inventory.
Affiliate Marketing
Affiliate Marketing business is a model that allows you to sell the products created by others and make a commission on the sale. You must be thinking of how to do affiliate business, let me explain you the procedure of affiliate marketing in just four easy steps.
- You must have to join an affiliate program, many of the big players provide affiliate programs like Amazon and Flipkart
- You have to pick products that you want to promote on your website ( You will get a unique affiliate link for each product so that the products can be tracked easily).
- You can share this link on various social media platforms, blogs, youtube videos and in ads as well.
- When the customer purchases the product then you make a big or low amount of commission of your sale
In simple words, a customer chooses products to buy, he lands on the affiliate website and then he is redirecting to the original or merchant website, he finally makes a purchase and you get the commission of that purchase
Bottom Lines
If you want to start your own online store without investing in buying products then you can go with both the options. The benefits of dropshipping and affiliate marketing are you do not have to store products or send them anywhere, you just have to collect the commission on the sale.
Please share it with your friends and start making earning from today with low investment and no inventory.
