Entrepreneurs can make a good living by selling their wares online. If you begin with a mission, a healthy amount of focus and a desire to for success, it’s possible to sell just about anything on your own, or someone else’s, website. According to surveys of consumers and business owners, the following are the top four categories of things to sell online:
Digital products have made the biggest inroads in e-commerce in 2019 because more and more people are becoming comfortable with creating them. Books, music and all kinds of apps are big sellers online and account for billions of dollars of sales all over the world. The huge advantage for sellers is low overhead. Digital products require no storage space, can be replicated instantaneously and don’t cost anything to ship. For entrepreneurs who want to get into a low upfront business, digitals are the most lucrative kinds of items to sell. Whether you’re adept at creating apps, producing your own music or writing, there’s a place for you in digital e-commerce.
Keep in mind that you can even purchase digital products to re-sell. This is usually not as high-profit an endeavor as selling things you create yourself, but it’s a fast way to get into the digital sales niche.
A more traditional route for e-sellers is to offer tangible products like handbags, jewelry, perfume, watches, picture frames or any other type of item that takes up space on a shelf and needs to be shipped to the buyer. Tangibles include items that you make yourself, like candles or custom bars of soap, as well as things you purchase for resale. At the beginning of the e-commerce era, resellers were the most common category of entrepreneurs. Even before the Internet existed, retail commerce was based on the idea of buying goods at wholesale prices and reselling them at a markup.
One of the biggest areas of online commerce is the service sector. It includes huge swaths of economic activity like accounting, a mortgage or home equity line of credit, law, consulting, website services, and freelance writing, to name but a few. If you are an attorney, massage therapist, dentist, tax preparer, writer or any purveyor of service, internet commerce can be a significant source of income. Today, the majority of consumers search for goods and services online, especially when they want to buy locally. So, whether you own a babysitting service or a huge law firm, it’s in your best interest to acquire customers online and let your community know what you do.
Crafts And Artwork:
If your skills are on the artistic side, e-commerce is a great way to sell custom-made goods. Whether you sculpt, paint, make quilts, bake custom cookies or make jewelry, e-commerce is the way to go. There are several large websites where purveyors of crafts and artwork can sell their wares. The big advantage of e-commerce for artists is the size of the market. What used to be sold only at in-person venues like art stores and garage sales are now open to a worldwide marketplace.