An E-commerce business is very profitable, but the problem is always the capital. it is undoubtedly that you must have capital if you want to start an eCommerce business.
However, what if I tell you that you can start an eCommerce business with no money? Sounds impossible, right? It is not. Just relax and read as we show you how to start an eCommerce business with no money.
What is an eCommerce business?
E-commerce means electronic commerce, a company or individual that buys and sells digital and physical products online.
An eCommerce business, in other words, is a type of online business that allows customers to purchase products or services over the internet. An online storefront, product and pricing information, a shopping cart, and a payment gateway are all standard features of an eCommerce website.
Customers can browse and purchase products or services without leaving their homes, eliminating the need to visit a physical store.
ALSO READ: How To Start Your Own Online Business and Make Money Online From Your Home
How to start an eCommerce business with no money
These steps we are about to show you are simple and easy ways to start an eCommerce business with no money. All you need is to follow the steps as explained below;
- Choose a niche;
Niche is very important, as we know you can’t sell everything in your eCommerce platform. You need to come up with particular products you will sell in the store. It can be digital products or physical products. - Choose a Reliable marketplace:
When we say marketplace here, it means online marketplace. A marketplace where you can order varieties of products in your niche. Those platforms may include eBay, aliexpress, amazon, etc. - Set up a store
Setting up an online is a big challenge for many people. It is often challenging, especially if you are not a web designer, and it also comes with a cost. However, there are platforms that will make everything very easy for you. One of those platforms is WIX. On WIX, you can easily set up an eCommerce platform using already-made templates. - Get products
Now it is time to get products to your store. We all know that it is easy to do with money, but in this situation, we are going to get our desired products and sell them in our store without paying a dime.
To do that, you need to have an account with any of the marketplaces mentioned above. Then extract the product detail from the platform. Let, for instance, your niche mobile phones, you will get pictures and details of any phone you want to sell in your store from the marketplace.
CHECK: How to start a POS Business with Access bank
Then upload the phone on your store with the exact details, and increase the phone’s price. Then, finally, do the same thing to all the products you want to add to your store.
So, whenever someone places an order in your store, you will manually place orders from the marketplace and ship them to the customer’s address. And you should remember that the shipping fee is very important. So, always check the shipping fee before adding any product to your store.
FAQs – Frequently asked questions (how to start an eCommerce business with no money)
Is e-commerce profitable?
E-commerce business is very profitable. There is no limit to how much you can make from the business. It all depends on how you run the business.
How long does it take to make money with eCommerce?
It all depends on your knowledge of the eCommerce business and your strategies to promote your store. However, it often takes 1 to three months for a beginner to start making cool cash from an eCommerce business.
Final thought on how to start an eCommerce business with no money
Starting an eCommerce business with no money is possible and can be a great way to build your online presence and reach new customers, but it will take some creative thinking and hard work.
If you’re willing to put in the effort, you can start an online store on a shoestring budget. Keep in mind that you’ll need to be patient and persistent when starting out, as it takes time to build up a successful eCommerce business. But if you stick with it, you can achieve your goal of running a successful online store without breaking the bank.
Finally, it’s essential to understand the costs and risks involved before getting started.
