Ecommerce is a pretty wide ranging business model. There are loads of ways you could be doing it.
Ever heard of dropshipping? It's a great way to make money. I have no doubt that you've read a bunch of blog posts about how much money people make from dropshipping and how they never have to spend a penny. It's true... it's pretty amazing.
But then, so is wholesaling and warehousing... selling other people's products. An aggregator if you will. What an a great way to add value to exisiting products. Selecting a niche and pulling together brands from all around the world.
Or maybe white-labeling is the way to go? Afterall, we've all heard about how much money is being made from people white-labeling products in China and selling them on marketplaces such as Ebay and Amazon.
But if you've got a great product idea, surely manufacturing is the way to go? It would be pretty cool to create your own product from scratch.
As you can probably tell, there are a bunch of options you have to choose from when starting an ecommerce business. So where do you begin? Is one better than the other? And how much money do you need to get started?
Find out all this and more in today's show. Enjoy!
Links and Resources:
- #10 – Dropshipping Vs. Inventory Management – a previous show where we discuss the ins and outs of dropshipping vs. inventory management. If you're really considering dropshipping you should check out this podcast first.
- ecommercefuel.com – Andrew Youderian's website. Andrew is a dropshipping veteran and has built and sold two large dropshipping companies. He has a load of great resources on his website as well as an awesome private community.
- Kickstarter.com – Crowdfunding platform to help you raise money for your manufacturing business.
- Indiegogo.com – Kickstarter competition... another great platform for crowdfunding.
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