Whether you’re looking to make a little extra income or even ditch your day job altogether and start your own business, there are a number of benefits to staying at home and running your own online sales business. You can start easily in your spare time and keep it a part time venture or allow it to grow to the point where it takes on a life of its own and becomes your primary source of revenue. A lot of people have managed to make a success of their online sales business and you could be one of the success stories if you have the dedication it takes to build up your home based sales business into a thriving venture.
One of the challenges faced by people when starting a new business is finding inventory to sell. A lot of us don’t have the storage space we need to maintain a large inventory of products, which means that many online sales businesses are reliant on drop shippers to take care of inventory handling and shipping – this makes the entire business a lot easier to manage than if you had to warehouse your own product inventory.
And how do you find a good drop shipper to handle these important functions of your business? The first step is deciding what you want to sell – if you are starting your own website, then you will probably want to specialize in one type of product to make the job of publicizing your website easier. Even within one category of products (let’s say toys) you have a lot of different possibilities. For example, if you have a website selling toys, you may have different subcategories like party toys, pirate toys, wooden toys, musical toys and sets of toys like party bag toys and loot bag fillers. Whatever niche you are aiming your business at, you’ll need to find either a good wholesale supplier or a drop shipper if you don’t have the storage capacity to manage your own inventory. You can find drop shippers relatively easily be doing a search online – be sure to check into the reputation of these companies before starting to work with them.
If you decide to base your home based online sales business on an eBay centered sales model, however your considerations will be different. You don’t necessarily need to focus on a single product or category of products, although this is certainly a possibility – you can set up your own virtual store on eBay which provides all of the ecommerce functionality you will need. Many people choose to operate their online sales business this way rather than go the more complicated route of starting up their own website. There is also an advantage in that there is a lot less marketing needed on your part; eBay has a built in audience of millions who already come to the site in search of products like yours.
This is not to say that starting your own website to run your online sales business from, it just takes more work. You’ll need to engage in some marketing and advertising activities to make the public aware of your website and the products you offer. There are a lot of ways to do this and marketing your website is beyond the scope of our discussion here, but I will tell you that you should make sure that your website is properly search engine optimized to begin with. You could have the best ecommerce website the world has ever seen and an amazing selection of products, but if no one knows that your site is there it will be extremely hard for your business to make any sales. It’s not rocket science, but the prestige and branding opportunities for your home based online sales business do come with the trade off of needing just a little more work to get going.
Starting your own work from home business is a great thing; and there is no feeling of accomplishment quite like having that first sale.
An online sales business which you can run out of your own home allows you to spend more time with your family, work on your own schedule when you have time and generally gives you a measure of personal freedom which you can never have at a regular day job. People who work for themselves are happier too; and wouldn’t you rather give up that long commute you make every day? The way to get to personal and financial independence is to get started as soon as possible and start building on your dream of owning your own business which you can run on your own terms.