It doesn’t matter what stage of life you’re in. You might be looking to earn some money on the side – especially around this time of year!
If that sounds like you, what you need is a good side-hustle.
In its most broadly used sense, “side-hustle” means any activity outside of your day job that helps you make more money.
Now, if you work a fairly busy or a physical job, maybe you’re looking for a more passive way of earning money that doesn’t involve back-breaking labor.
So, why not give eCommerce a try?
eCommerce is the business of selling stuff online.
You can skip the brick-and-mortar and forget the substantial upfront costs of physical retail. In a world dominated by giants like Amazon, the future of commerce lies in online sales.
But you don’t have to be Jeff Bezos to earn good money selling stuff on the web!
While setting up an eCommerce business can be tricky and require a significant time investment, we will focus on simple tips to get you started.
Choose your product. You know those jarred preserves or bath bombs you make? Your family and friends love them and look forward to them every year – so why wouldn’t anyone else?
That being said, if you don’t know how to make your own products, you can choose products to sell, either wholesale or from other producers. Here is a great article on how to find the right product to sell online.
Choose your platform. You can open your own eCommerce store with monthly fees on sites like Shopify and WooCommerce, but a great way to get your toes wet is to start selling your items on Facebook Marketplace.
The benefit to Facebook Marketplace is the local connection. Use it to spread the word about your products locally and build a fanbase. If successful, then branch out to a larger eCommerce platform to reach a larger market.
Go big. If you’ve found some success selling your products online, the only way to go from here is up!
Delve into working on your newfound business by researching and working with others to market your products and grow your business. Foundr, the magazine for entrepreneurs, has an excellent in-depth plan on how to start your eCommerce business and how to increase it exponentially.
Expanding your new venture is important, but don’t forget about what to do with all that extra dough!
We’d love to help you develop a plan that can help you with your financial goals – so you can focus on your business goals. Give us a call at 513-563-PLAN (7526) or head online to book a free 15-minute consultation on how we can make it happen!