How to Make eCommerce Your Best Side Hustle Option
There are many different side hustles that you can start, but by far the easiest and quickest to start making a profit from is eCommerce. This is because you can initially dip your toe in the water with selling your second-hand goods online using platforms such as eBay or Facebook Marketplace.
This will provide you with a quick insight into what the world of eCommerce has for you, although your experience of becoming a full-time eCommerce trader could be slightly different. This is mainly due to the fact that you will want to create an income that can take the place of a full-time wage and, over time, probably a lot more. If you are going to achieve this, you need to consider these options.
1. Get experts involved from the start
If you are going to take your side hustle seriously and grow it to replace your current full-time job, then it is a good idea to get it running on the right track from the start. This will mean investing some money and hiring the services of experts such as those at magecloud.agency, who will be able to design your website and get it up and running with Shopify.
Having Shopify (or a tool like it) is immensely important to the smooth functioning of your eCommerce business, as it is essentially your shop with shelves that you will need to stock so that your potential customers can visit, browse, and make purchases. When it comes to accepting payments, Shopify will take care of this for you as well. Of course, this site is going to require maintenance and the experts you hire to install it on your website may be able to take this onboard as well.
2. Look into selling white-label goods
If you find that looking around for items to sell is too time-consuming, then you can research manufacturers that provide white-label products. These are products that you will be able to add your own label or branding to (or if the manufacturer facilitates the service, they can put your labels on for you).
This provides you with a brand-new product to bring to the market (although there will be plenty of similar versions available elsewhere). Of course, you will still have to perform research into customer demand, price, and expected profit margins before taking the plunge.
3. Explore dropshipping possibilities
If you want to run your eCommerce business with as little handling as possible by yourself, then you may find that dropshipping is the way forward. This is where you will find a company that is willing to provide the goods, store them on your behalf, and then ship them straight to your customer.
This leaves you with the task of purely marketing and selling the products. However, it is important to note that unlike the white-label version or purchasing from wholesalers or manufacturers, your profit margin after dropshipping will be considerably less. This means to make your desired level of profit you will have to sell considerably more products.
Final thoughts
These are only a few of the options that are open to you in the world of eCommerce, and it is worthwhile researching each selling method thoroughly before making up your mind as there are ample pros and cons to each. However, eCommerce is probably the easiest side hustle to start, grow, and see a profit from in double quick time – if you have chosen your product range wisely.
