You can start selling online without inventory starting today. Keep reading if you want to learn how.
I am going to show you two ways you can start selling online, and both can be very profitable, with very little startup costs.
Here Are Two Ways To Sell Online Without Inventory
- Affiliate Marketing
- Drop Shipping
There are more ways, but I do know these both work, since this is how I make my earnings online.
I have never had any inventory to manage or any costs that are involved with carrying an inventory. Let me show you the benefits of selling online without inventory and then I will explain in more detail the difference between affiliate marketing and drop shipping to help you find the path that will work best for you.
Benefits Of Selling Online With No Inventory
Low Start-up Costs – you can start a website completely free or with very low monthly costs. Drop shipping will cost you more to start than a website does. You can expect that starting a drop shipping business to cost you around $1000, but this is still much cheaper than purchasing a bunch of inventory and then needing a place to store the inventory.
Quick To Get Started – Waiting to receive inventory, or to manufacture your own inventory takes time. You can get a website started the same day that you decide you want to create a website, and setting up a drop shipping business can be done in just a few days.
No Warehouse Or Storage Unit – With both a website and drop shipping, you will be selling someone else’s product, so there is no need to rent space to store inventory. Renting space to store your inventory can get costly very quickly. You can also lose money if your inventory becomes obsolete or isn’t selling.
Millions Of Products To Choose From – Anything that you can think of, is available to sell through a website. If you have a certain area of expertise or if you are willing to learn about new products, you be able to find a program that will allow you to sell it online. Just check out the Amazon site to get an idea of everything that is available.
You can sell household products, furniture, credit cards, electronics, classes, digital products, memberships and so much more. Your hardest decision will be choosing what you want to focus on with all the choices that are available.
Drawbacks To Selling With No Inventory
- No control to when items ship.
- No direct contact with customers.
- No control on quality control.
How To Sell Online As A Marketing Affiliate
When you are a marketing affiliate, you are recommending and sending your readers to a different website to purchase directly from the supplier. The supplier could be Amazon, Walmart or just about anyone you can think of probably has an affiliate program.
You will be assigned an affiliate code that is unique to you that will track sales that are made through the links that you provide your readers. Your goal is to get your readers to follow your links to your affiliate pages and purchase some products.
You will receive a commission from what they purchase.
Beginners to marketing affiliate can find more information on how you can make money from a blog.
The cost for developing a website is very low. You will need a domain name, which you can usually purchase for between $13 to $16 per year. You will also need web hosting, which will cost you starting at $3.95 per month from BlueHost.
You could also join Wealthy Affiliate, which is a community of affiliate marketers that provides training and everything that you need to develop a website. They do provide free domain names, but you can also purchase a domain name directly through them when you are ready.
Whichever route you choose, the costs are probably less than $100 per year to develop your website.
How To Sell Online With Drop Shipping
If you decide that you want to create a business around drop shipping, that is another option to selling online without inventory.
I would still recommend creating a website to gain traffic for your business, but drop shipping does differ from being a marketing affiliate. A marketing affiliate is never making any money transactions. When you drop ship, you are.
Drop shipping means that you have a source that is providing you will products, but your readers would purchase directly from you. You would then purchase the products from your supplier, and they would directly ship the products to your customers.
You would be collecting the money from your customers and in turn, you would be paying your supplier directly. The profit that you would make would be the markup you add to your costs.
To set up a drop shipping business, I would recommend either setting up an account with Shopify or add a plugin to your website called WooCommerce.
You can set up a Shopify Store for around $29 per month. The WooCommerce plugin is free to all to a WordPress websites.
Having a website set up is the best way to get traffic to your store. Otherwise, you will need a fairly large budget to run ads on FaceBook or Google.
Important Skills To Learn For Success
- How to get free traffic to your website or store.
- How to get paid traffic to your website or store.
- How to sell products with copywriting.
Free traffic to your website is obviously the best. There are methods to use to help you rank higher in search engines like Google, Yahoo and Bing. It is important to learn how you can get free organic traffic.
Paid traffic can be beneficial as well, but if you don’t know what you are doing with paid traffic, you can end up spending lots of money before you know it. There are some great YouTube videos that can help you with FaceBook Ads or Google Adwords that you should look at before spending your money.
If you are good at copywriting, you will be good at selling with your words, and your words are what makes you your money. The most successful websites are great at copywriting. You might want to look for some copywriting books to help you be more successful.
Selling online without inventory is much easier than you might have thought. My first choice would be becoming a marketing affiliate. The start up costs are very low and you can get started immediately and have a website developed and start publishing to it within 1 day.
I do recommend having some resources available to help you with some of the challenges that you might come across. The best resource that I have found was the Wealthy Affiliate Community. They can provide you with all the tools and information that you will need to create a website.
Take a look at Wealthy Affiliate today, and have your website started by tonight.
If you have any questions or comments, please leave them below and I will get back with you. You can follow momsmakingmoneyathome.com on Pinterest, Linkedin, FaceBook or Twitter for all the latest updates.
Thanks for reading and good luck to you.
Some of the links within this post are affiliate links of which I might receive a small compensation from sales of certain items.