The Bizniz Talk: Episode 14 - How to make money online selling a product

Shane Biegnaar

Selling online is one of the most profitable ways to earn money. Find out exactly how to make money online selling a product and actually make money. It’s never been as easy as it is now to set up your own online store. eCommerce technologies keep improving and more shoppers want to buy items online, so you should seriously consider each of the options above.

The Bizniz Talk: Episode 14 - How to make money online selling a product

1. Sell your own product on your own online store

If you are able to store your own products and fulfill online orders, you may be in a position to set up your own eCommerce store on your own domain and hosting platform. There are many shopping systems available that allow you to display your products, take orders, process payments and fulfill each order taken through your website.

Shopify is one of the most popular e-commerce platforms that has everything you need to sell your products online.

2. Sell other peoples product on your own online store (Dropshipping)

Dropshipping is an extremely popular and straightforward way to sell physical products which you dont own. Your online store sells the physical item and this product is bought from a dropshipping supplier at a reduced price.

The product is then shipped to your customer by the dropshipping supplier. Your profit is the difference between the price you charge your customer for the item sold and the price the dropshipper charges you to fulfill the order.

3. Sell products on a 3rd Party Marketplace

Local and International marketplaces like Takealot, BidorBuy, Jumia or Amazon allow you to sell your own products on these huge websites and marketplace platforms. In some cases, these companies even store and fulfill all of your orders, so that you can focus on promoting your products to more shoppers and customers.

It doesn’t mean that you need to quit your job to start selling products or services online. You can do both but, to make sure that your online endeavor yields positive results

You can set up your online store in no time and, with effective marketing strategies, you can start earning money round the clock before you even know it. What’s more, it can turn out to be quite an exciting endeavor, so there’s no reason why you shouldn’t do it.

Have any questions about how to start, build and launch your own online ecommerce store?

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