Start an e-commerce website and sell products online
Do you think you have or can produce a product that people want? If so, then starting an e-commerce site might be your best option. You’ll have the chance to sell products directly to consumers with no middle person. Of course, this means you’ll have to take on a heavy share of the responsibilities. That includes the following:
A website to host your products
A merchant account to accept payments (Something like Stripe or Paypal)
Logistics strategy, meaning a way to accept orders and deliver products to consumers
Somewhere to house all your products
A marketing strategy so people are aware of what you’re selling
If you don’t have your own products, you can also consider selling products that aren’t your own through Dropshipping. Dropshipping doesn’t involve you owning or keeping any products. How it works is that you offer products for sale on your website. You fulfill those orders by purchasing the product from a third party then shipping it directly to the customer. You’ll have to decide whether you want to sell commodities (essential products in high demand), niche products or a combination of both. You’ll then need to decide which platform to sell on, regardless of if you’re selling your own products or curating products to sell online.
Some popular platform options include:
The major benefit of dropshipping is that you don’t need to purchase products upfront. You don’t need to purchase any product until you get paid by the customer. This is lower risk than selling your own products, but also takes more work in curating the right mix of products that will be enticing enough for consumers.