While lot of people get into ecommerce with the goal or at least the hope of becoming the next Jeff Bezos, it is certainly possible to do ecommerce also as a side business. However, there are a few things you should keep in mind when figuring out how you can build an ecommerce business that you can run as a side hustle. From this page you can find some simple tips on things to keep in mind when considering starting an ecommerce side business.
1. Pick a business model that is realistic
A business model basically describes how you are going to operate your business and make money. When you are doing ecommerce as a side hustle your biggest challenge is likely to be that you won’t have lot of time and money to invest on the business (at least not initially). As such you should try to choose a business model that you can run with very little money and time. At its best dropshipping can offer both of those things.
Dropshipping basically means that you don’t order any products to yourself in order to then list them in your store and sell them, but instead you list products from other suppliers to your store and then if someone buys a product from your store you forward the order to a supplier. When doing dropshipping your profits come from the difference between the listed price in your store and the cost the supplier charges from you to take care of everything related to the product and shipping.
These days most of top ecommerce platforms make it relatively easy to do dropshipping, but there are certainly platforms that are better suited for it than others.
2. Choose an ecommerce platform that is easy to use
There are quite big differences in how much time you need to spend in order to learn how to properly use the different ecommerce platforms you can use for building your store. And obviously you propably don’t have have lot of time when doing ecommerce as a side hustle. As such it makes sense to pick an ecommerce platform that is easy to use and makes it possible to build a professional looking online store.
3. Sell products you care about
If you plan on doing ecommerce as something you do mainly on weekends or after work, the odds are that you are not going to be very motivated to put time into your store, if you don’t care about the products you sell. So think about what category of products you are yourself interested in and then try to sell products from that category. Being interested in the products you are selling should also help with making sure that you can present the products in a professional and interesting way. Additionally, it will also likely help with marketing your store.
4. Realize that it will take time to make money
It is an unfortunate fact that ecommerce is extremely competitive and as such it will likely take time and effort before your store starts making a significant amount of money. So if you choose to get into ecommerce, it is good to do it with the mindset that it will likely take at least 6 months before you start earning a nice side income.