There are so many ways to make money online these days, and the online success stories of companies such as Google and Amazon are hard to ignore. Ever since the advent of the internet, companies have been coming up with more and more ways to make money online, leading to a plethora of online success stories from a variety of business models.
Of course, before anything else, you need something to sell. This could be physical goods, online services, offline services, data, or anything else. Assuming that you’re selling physical goods via e-commerce platforms, which is where companies such as eBay and Amazon have claimed their online success stories, then there are many techniques and innovative business models which can turn this into a viable money-making business for you.
Make money online from Dropshipping
For example, many successful online stores these days make money from dropshipping businesses. Around 25-30% of online businesses these days use the dropshipping model, including Amazon to some degree. These are businesses which handle all their own marketing and design, creating a brilliant e-commerce website with all the necessary blogs, photos, and social media marketing, attracting the traffic and the customer base from all over the internet.
After you’ve handled the customer front-facing side of things and your customers have placed orders, now it’s time for the manufacturer or wholesaler of the products you’re selling to fulfillthe order. You simply inform them of your order and they ship the inventory directly from their warehouse! Of course, the manufacturer who is doing the dropshippingwill charge you a fee for this service, but you have also eliminated numerous overheads and expenses from your business model (warehousing, shipping costs etc.), allowing you to profit nonetheless.
Lots of people make money online and become online success stories because of e-commerce business models such as this. These dropshipping models are actually great for SMBs and startup businesses, largely because they allow you to experiment online with relatively small risks. If your company sadly fails and has to shut down – you aren’t left with a large empty warehouse and a bunch of unsold inventory. On the contrary, you simply have to shut down a website and a few social media pages, as well as perhaps sever a few professional connections