Have you ever wanted to own an online store but don’t know where to start?
Want to know the business models that people—earning 7 FIGURES a month—are using?
Let’s say . . . an online business without inventory?
Then you came to the right place.
I will tell you the best damn way to start an online store—even without inventory.
Even if your financial resources are limited.
Even if you have no experience in online retail.
There’s no stopping you anymore.
In this article, you will know how each businesses works and what their pros and cons are.
Without further ado . . .
Let us start.
The 3 business models you will learn today will change your life—forever.
How you look at online stores, online business . . . everything you see online will change.
You cannot unsee it.
If you are willing to take the risks of changing your life forever—like it did mine—then keep reading.
Once you know, understand and apply any one of these businesses here, your life will never be the same.
An affiliate store is one of the most popular forms of affiliate marketing.
Because this method of selling products is super simple.
It’s not like blogging, email marketing or putting out online videos on Youtube where you should provide free content everyday.
More on that later.
Let’s talk about what affiliate marketing is first (a very simple explanation in 4 lines).
Affiliate marketing is a partnership between a retailer and a content creator (you).
There is only 1 thing that an affiliate marketer does.
It is to promote—using affiliate links—other people’s products/services.
If a person buys—or becomes a lead—because of your promotion, you get a commission.
It’s really that simple.
So why choose an affiliate store compared to other forms of affiliate marketing?
Instead of putting out content everyday, what you have to do is create product listings in your own website.
You don’t need an inventory or a product of your own.
You simply list other people’s products there.
When a visitor clicks a product on your website, they’ll get redirected to your partner’s site using your affiliate link.
When that visitor completes a purchase, the retailer pays you a commission.
Do you like this business model?
Whatever your answer may be, keep reading.
What you will read below may suit your preferences better (they could even be better for you).
Do you want to be your own boss?
Build your own brand?
Earn thousands of dollars? (this is probably your favorite)
Then dropshiping is for you.
If you put in the work to understand your market and create solid ads for them, it’s one of the fastest ways to start making money online.
It will teach you the foundations for every kind of business.
Well at least for me—it’s how I learned most of the things I know now.
If you want to make it big someday, this is everything you’ll ever ask for.
DISCLAIMER: Dropshipping is not for everyone. If don’t want to grow, put in the work and learn . . . this isn’t for you.
If you’re still interested in dropshipping and want to go in depth with what it really is and if it is worth doing, then you should definitely read this:
Simply put, dropshipping is like being the middle-man between a customer and a wholesaler.
Here’s a high-level, step-by-step process of the dropshipping model so you get an understanding of how it really works:
And that’s it!
Talk about easy, yes?
Nah . . .
Let’s be honest here.
No matter how good a business model is, there will always be some pros and cons.
Dropshipping isn’t only about doing or taking action.
You need to learn as well.
One cannot survive without the other.
If you want to succeed with dropshipping, even if you don’t have a lot of money to start, then do it right:
If you still want to know more about dropshipping, building an empire online and facebook ads, then you must join my email list.
I will be sending emails everyday—no BS, straight-forward, high quality content—on how to make money online. If you want to receive them . . .
Early disclaimer: These are just high-level processes on how to set-up your store.
But since I’m really passionate about dropshipping, I will give out links to where you can learn these things.
This is very crucial for paid traffic and I believe this is a must if you’re just starting out as this will make your life easier.
(If you don’t know what a niche is, click HERE)
You know what . . .
I’m giving this away FOR FREE as well: 47 Profitable Dropshipping Niches
Why I’m giving it away for free?
I don’t know.
Consider it as a gift for reading this far.
The reason why I don’t recommend you to do this first is because I don’t want you to waste your FREE trial (yes there’s a free trial for 30 days) so don’t waste it by creating an account without an actionable plan yet.
With the help of your niche, you can easily narrow down what products you’ll sell in your store. (You can learn how to find the best products HERE).
Make sure you get your Shopify Setup Checklist as well.
Yeah, it’s still free . . . make sure you use it.
And that’s it.
After all of that, you’re now ready to go. (Thank me later)
Now for the last business model . . .
Still want to hear it?
Of course you do. 😉
First thing’s first.
You have to understand that this business model is NOT a trade without inventory.
3rd Part Logistics (3PL) is just a trade without warehousing.
In other words, you need to have a product of your own.
Most 3PLs can handle the storage of your products in addition to order fulfillment.
In some cases, they can even help with customer support and product returns.
The first thing you should do is ship your products to a 3PL provider.
When you get an order from a customer, you send their ordering details to your 3PL provider.
The 3PL provider ships the order to your customer.
And that’s it.
The down side?
You have to pay the provider a monthly fee and a per order cost for fulfillment.
The 3PL business model behaves similarly to a traditional online store with inventory.
The only thing that’s different is that you don’t have to store and fulfill the orders yourself.
If you want to start a more traditional online store but don’t want to worry about inventory or fulfillment, then having a 3PL provider might be a good option for you.
And that’s about it.
Anyone can start an online store as long as they are willing to put in the work and learn.
Choose one and FOCUS.
So . . .
What business model are you going to follow?
Let me know in the comments!
Enjoyed this article about the 3 ways to start an online store without inventory? Click HERE to receive daily emails about how to make money with dropshipping from James Holt, the founder of Start Selling Stuff.