13/02/2022
https://www.facebook.com/102183642227394/posts/147996950979396/
3 eCommerce Businesses for Beginners
3 - Private Label
With private labeling, you find a manufacturer to produce a product and then put your brand on it. The product is not made by the seller, but the seller has to sell rights to that product.
It’s a great way to build your own brand.
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2 - Print on Demand
Print on demand (POD) is another business you can start with little (or no) cost, and without having to buy inventory.
That makes it perfect for beginners.
With the POD model, you sell custom designs on products like clothes, books, coffee mugs, or anything else people want a design on.
The biggest benefit is that you don’t purchase or warehouse any of the products.
Instead, the manufacturer does the prints for you and then sends out the products.
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1 - Dropshipping
With dropshipping, you’re basically the middleman between the customer and the supplier. The supplier handles all of the inventory, so you never have to worry about buying large quantities of products.
That also means you can start with little-to-no upfront costs. A monthly fee to the supplier is usually your biggest cost.
When the customer makes a purchase through your dropshipping store, the supplier handles the production and shipping.
You collect a portion of the sale for facilitating the purchase.
Margins can be slim when it comes to dropshipping. But because you don’t handle the inventory, there is also less risk.
- ChetanBhanderi
- ( Digital Coach & Business Consultant )
