So you’re considering starting an E-commerce business while you are at home taking care of your family. Or maybe you’re just looking for a way to make some money on the side like that “side hustles” you hear about on TikTok or people posting on Facebook about? It almost sounds too good to be true that people are out there making thousands of dollars a day without going to a regular job.
If that’s why you’re here then I encourage you to keep reading this introduction article to e-commerce. After reading this all the way to the end, if you’re still interested in pursuing this as a career path then you’ll find out there’s a lot to learn, but you’ve come to the right place to learn it and get started making money as quick as possible.
What is e-commerce?
Ecom for short is the selling of products or services over the internet. Think about Amazon as the largest e-commerce business in the world selling $121 billion in 2021 from their marketplace. When you walk into a local brick and mortar store and purchase something that they are selling, you’re doing “commerce” with that business. When you do the same thing over the internet it’s called E-commerce.
Can I really make money online?
Let me put it to you this way, the average Amazon third-party seller just getting started makes around $1,000 per month in revenue. Grow that using the techniques I share on my ecomdada.com and you could multiply that by 5x or more easily. So yes, you can definitely be making money online with some effort.
How much does it cost to get started?
This all depends on the route you’re going to take, a typical drop shipper could easily spend $500 – $2,000 to get started today. That’s no inventory on hand, that’s just finding the right product(s), putting together a decent website that buyers can trust, and building up your advertising/marketing campaign to drive traffic to your store. On the other hand, if you have a “winning” product(s) or idea that you know will sell. You could find yourself spending $5,000-$20,000 to order inventory and store it at a 3PL (third party logistics) facility which is where you’d store your product and ship it from. I recommend to anyone just getting started to choose the first option and see how it goes, pick up tools for your e-commerce toolbelt before jumping into large-scale inventory holdings.