In the recent past, news of people making money via e-commerce stores has been making headlines. In return, the stories have seen more and more individuals gain an interest in the sector. If you’re reading this piece, most likely you’re looking forward to joining the industry, but you aren’t sure of where to begin.
First and foremost, you must understand that e-commerce refers to any business dealing held over the internet. Online shopping, which entails buying and selling goods over the internet, is one of the best examples you can relate. According to statistics, e-commerce is one of the fastest growing retail markets. It’s estimated to hit over $4 trillion in sales by 2020, which means much fortunes for those onboard. Without saying much, here are tips on how to make money via online stores such as Shopify and join the rest in making news headlines.
1. Drop shipping
Drop shipping is one term that many individuals find confusing as they assume it means sinking a ship in the ocean. Well, sinking a boat can never mean business as it results in losses. Drop shipping involves an arrangement between an e-commerce store and a merchant to sell stock as a third party.
The fantastic thing about drop shipping is that you don’t need a physical store to keep the goods. Instead, as a merchant, you purchase the items from third-party vendors who in return, ship the products directly to the buyer. Starting as a drop-shipper doesn’t require much capital and is hence suitable for almost everyone.
2. Affiliate Marketing
Affiliate marketing is also one of the oldest tricks to make money online. However, it remains a legit and easy way to earn cash, especially with the rising number of online stores. As an entrepreneur, you can create accounts with Shopify, for instance, as an affiliate marketer. As an affiliate marketer, your works entail marketing goods on behalf of the stores and vendors and earn money via commissions.
Starting as an affiliate marketer is also easy as all that is needed is a social media presence. However, one requires a strong social media presence to earn effective results. You can create an affiliate account with Shopify and tap into the power of social media pages such as Facebook and Instagram. When it comes to affiliate marketing, it’s advisable to go with a hot affiliate niche, or in other words, products with many promising customers.
3. Create an online store
As a business owner, you can also earn money by selling your goods or services via Shopify, for instance. The fantastic thing about setting up an online store is that it allows you a global reach and hence an increase in sales.
Also, some online platforms will enable one to sell both new and used products which mean more opportunities.
Registering with online stores also does exclude the challenges that come with payments as they provide a secure mode of payment. Also, the online stores do offer fast and reliable shipping hence opening more doors and opportunities to even upcoming entrepreneurs.
4. Amazon flex
Have you ever noticed a plain-clothed guy delivering items you had ordered from an online store? Such a scenario is common as these guys are usually hired to help relieve the burden of delivering the many orders a store may have received. If you have a car or bike and some extra hours, you can join the guys and start making some money via the store.
All that you need is to download the app and register where you answer a few questions. The app pays even $25 per hour, and your earning relies on flexibility and availability. The fantastic thing about signing up for these delivery gigs is there are high chances of securing jobs now and then.
5. Join mechanical Turk
Last but not least, you can earn a few dollars by completing small and easy tasks on behalf of online stores. Amazon Mechanical Turk, for instance, is a crowdsourcing marketplace designed to bridge the gap between what a human can do and what a computer can’t do.
Often termed by many platforms as Human intelligence tasks, you can join the platforms and handle tasks such as transcription, categorizing, image recognition, and data entry, to mention a few. Although MTurk doesn’t promise a lot of money, there are chances of making a few bucks doing odd and straightforward tasks
Recently, more and more people are looking forward to joining the world of e-commerce to earn extra income. Although e-commerce is easy to start, it can be a complicated platform, especially if you have no tech-knowledge or business skills. Provided in this article are five easy ways you can earn money from e-commerce stores both as an entrepreneur and a business owner. Read through each one of the tips to understand how easy it’s to make money from the platform.