If you’ve been thinking about starting your own business for a long time, you must’ve made a list of pros and cons already. Running a business, especially a traditional brick-and-mortar store can be quite complicated. How do you start an online store without inventory?
You need reliable wholesalers, constant checks on inventory, dealing with customers, etc. These are the common activities that you have to fulfill for the smooth running of any business. However, these activities require a significant amount of time and money investments. You can skip some of these tedious tasks simply by selling online products without inventory. If you choose the right business model and understand the technicalities of it, then you’re good to go.
Starting a business with nothing to lose sounds like a venture anyone would want to try out. Let’s examine the most popular alternatives and find out if you can create your very own online shop without Inventory
Launching an Affiliate store
This method of selling products without storing inventory gains popularity due to its simplicity. Many large scale companies have their own affiliate programs with different commission rates. With affiliate marketing, you promote a brand’s product through several means like blogs, social media, email lists, etc. If you manage to convert the crowd you reach into buyers, you will simply get your commission fees.
Employment of Print-on-Demand Services
The business model stays true to its name and does exactly what it says. You can sell T-shirts, hats, home décor products, and lots of similar items through an online store. When you sell something from your shop, you take the money from your customers and place an order at the print-on-demand service. The plus point here is that you are the price maker, so you can charge customers whatever price you feel is right.
Sell Digital Products and Services
You can run a business that creates and sells digital products by providing services. There are a lot of things like ebooks, software, music, videos, photos, courses, and training that you can sell online. Research and find out what are the most demanded services in your locality or on a broader level. For this model, you need to get a digital product first only then can you offer it to potential customers.
Using Third-Party Logistics
This model is not traded without inventory, it’s just a form of trade without warehousing. It’s similar to a traditional business, but here you don’t have to worry about inventory storage and order delivery. You simply find a 3Pl provider, when you get an order you send it to the 3Pl, and the 3Pl ships it to your customer.
Starting a business with no inventory doesn’t mean that it’s going to be a cake walk. It simply eliminates the parts that don’t require your complete attention. So that you can devote that time to marketing and gaining customers for your business.
Shop101 is India’s top reselling platform that allows you to resell without actually having to set up any inventory. With Dash101 you can create your online store and sell your products in the most professional way. You can build your brand. And Dash101 logistics allows you to ship across 27000+ Pan India. Your full-stack eCommerce platform along with the reselling platform can help get started with your Online store without Inventory.
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