Smart entrepreneurs always opt for the business processes that require minimum investment and the online retailing venture is one among those categories. Moreover, this is a really good idea for the home-based product selling without much expense to the entrepreneur. Further, it is a potential way to lead the creative and designing talent within you.
Continue reading to know more about the fantastic little-investment as well as no-inventory online business ideas that could bring in money.
- Structuring up a drop and shipping destination. This is one of the splendid processes where you need not require to deal with the products directly. Instead, you can ask other suppliers to get the products into your online shop designed under specific themes or niche like sports items, stationary things and so on. In the meanwhile, if you get any purchase orders from the customers, you can forward it to the real supplier who actually fulfills this on your behalf and you get the commission for your job.
You can initially carry out this business with local suppliers and then gradually extend it to serve the overseas suppliers. Depend only on trustworthy members who supply you the quality products, because you only are finally responsible for the customer service of your brand store.
- Written-on-demand. This is more like an innovative business model where the emphasis is given on customizing the products or inventories that are actually owned by a third-party dealer. For example, you can print the demanded lines from your respective customers on the T-shirt, photo frames or similar products they choose from your site.
Mostly, products are charged per piece and you would benefit more if your customers make a bulk order.
- Bring out the author in you. This would be an amazing thing to do if you a truly interested in writing. Storybooks, outstanding recipes, class novels or likewise, anything will do. Further, you can publish your own reading items. This could also be sold by charging for a single piece. Bulk orders can also be invited. Additionally, this could be an explicit way to monetize your blog if you are thinking of starting one.
- Offer online courses. For this type, you do not need to worry about delivery or shipping as they are not tangible products. In fact, you must come up with such a concept that people would be ready to buy online or get it downloaded. Music or dance classes or even template selling is apt in this regard.