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Online Retailing Ed Project

Selling products online through ecommerce has several pros: it allows entrepreneurs to work flexibly from home, follow their passions by selling hobby-related goods, and get started with a low initial investment without taking on the risks of a traditional storefront business. However, online selling also has cons like requiring time to see results due to a learning curve, being a solo effort that places responsibility solely on the owner, and not providing truly passive income since regular work is needed to manage sales, shipping, and customers. Overall, online retailing provides freedom and opportunity but is not a fast money-making scheme and takes ongoing effort to succeed.

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RISHIKESH ANAND
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31 views2 pages

Online Retailing Ed Project

Selling products online through ecommerce has several pros: it allows entrepreneurs to work flexibly from home, follow their passions by selling hobby-related goods, and get started with a low initial investment without taking on the risks of a traditional storefront business. However, online selling also has cons like requiring time to see results due to a learning curve, being a solo effort that places responsibility solely on the owner, and not providing truly passive income since regular work is needed to manage sales, shipping, and customers. Overall, online retailing provides freedom and opportunity but is not a fast money-making scheme and takes ongoing effort to succeed.

Uploaded by

RISHIKESH ANAND
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Online Retailing – Electronic Accessories

The Pros of Selling Online

While working from home in your pajamas is definitely a plus, there are plenty of other
amazing reasons to work from home while building your own eCommerce business:

 You can work from home, make your own hours, and choose how far you
want to take it. The possibilities are endless. Want to make a few extra bucks to
save? Want to create an online eCommerce empire? The choice is yours!
There's no glass ceiling, which means no boss to suck up to. It's pure freedom.

 It's something you're probably already familiar with! If you’ve bought or sold
something online, you basically understand how it works. Which, ultimately,
makes selling online an easier skill to grasp than many other home business
options.

 You can follow your own interests. Are you passionate about fly fishing? Cake
decorating? Refurbishing antique dolls? When you start selling online, you can
often turn your passions into a profitable business.

 It’s not as difficult or risky as starting a "traditional" business. You don’t


have to invest a lot of money when you’re first getting started (not to mention, you
won’t have to worry about buying or leasing a physical property). It has a very low
barrier to entry, which means practically anyone can give it a go! What’s stopping
you?

 You don’t have to worry about storing inventory if you don’t want to! (Hint:
It’s called dropshipping, and I’ll get to that later!)

 It’s fun! At least, we think it is. By the end of this guide, we’re sure you will, too!

The Cons of Selling Online


Like anything in life, selling online comes with a few downsides. It's important you're
aware of these before you get begin, so you set yourself realistic expectations.

 It takes time. It may take you a month or two to start seeing some consistent
results. The chances of you accumulating over $100 worth of sales on your first
day is, well, highly unlikely.

 There's a learning curve. If you’ve sold a few things online before, you’re already
one step ahead of your competitors! However, you’ll need to step up your game
to sell online professionally.

 You wear all the hats. As a business owner, you’re an incredible team of one (at
least starting out). You’ll take on the roles of accountant, marketer, web designer,
as well as everything else. This also means that you shoulder all the
responsibility. If something goes wrong, you can’t blame anyone but yourself.

 It's not all passive income. You'll hopefully be dealing with regular sales, regular
shipments, and regular customer inquiries, which means that your business will
require you to do real work and invest time and effort. That is, until you can afford
to hire staff! Even then, you’ll want to remain involved in everything that happens.

To simplify, this isn’t a get-rich-quick scheme.

But if you're happy to spend a little time building a reputation, developing your brand,
and optimizing your processes... the sky's the limit.

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