How to open an online store with minimal investments in 2022-2023? Oleksandr Sivak

Starting an online store seems like an expensive pleasure, but it is possible to start and manage an online store with low costs. Before starting the development of your online store, you should find the answer to the question: What exactly is needed for a successful start in this direction?

Oleksandr Sivak, a businessman from Odesa, helped us deal with this question and talked about how you can make money through an online store with a limited budget or almost no money.

Beginning

To begin with, the entrepreneur reminds, you need a small initial capital for consumables, but in most cases you can sell your own products on the Internet with a profit. If you have a knack for creating handmade products, you can sell them online on various platforms.

Selling your products

Sivak believes that it is better to sell your products through several online stores and add your own website. While selling your products through various online platforms increases sales, a website allows them to update and sync their product data across all of them, saving time.

One of the options for opening an online store is retail, bridging the gap between producers and recipients. If you know where to get the best items people are looking for, just buy them and sell them online at a higher price. The businessman notes that it is important to remember and understand your client's needs.

Sale of services

If you want to sell your services, you can also do it online. It's also in demand, with people looking online for babysitters, lawnmowers, trainers, editors and other professional services. Important factors to keep in mind when selling your services online:

• Build yourself as a brand with your previous experience
• Mention and establish your authority so that your potential clients can trust your work.
• Blog to get an audience to learn about your services.

Opening an online store and being your own boss is the best feeling in the world, but it takes time and some effort. E-commerce businesses thrive only because people are working on what they love to do the most. So, you can sell the products or services you have created or be a reseller, but you have to remember that you have to be passionate about this business.