With the rise of eCommerce, starting an online store has become easier than ever. However, many creators are unsure how to start selling online without inventory. Inventory management can be a hassle, as storage, handling fees, and the risk of unsold items are all factors to worry about. Luckily, several business models, such as Print-on-Demand or Dropshipping, make it easy to sell online sans inventory. This article will explain the different methods, steps, advantages, and disadvantages of starting an online store without inventory.
In this model, creators partner with a manufacturer or a platform like Fourthwall who prints the designs on items such as t-shirts, phone cases, or mugs and ships them directly to customers.
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The dropshipping business model involves partnering with a supplier who ships items directly to your customers, eliminating the need for inventory. Dropshipping has risen in popularity, though, so there could be many competitors with similar products.
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This model involves the sale of digital products such as e-books, courses, music, software, etc.
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In this model, you promote other businesses' products and earn a commission on every sale.
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Research the business models discussed above and choose the one that fits your niche and target audience.
Identify your target audience and their needs, and opt for relevant products that offer value and would be appealing to your niche. Check out places like Printful for options.
Use an eCommerce platform like Fourthwall or Shopify to set up your store and manage your products.
Use social media, SEO, email marketing, influencer marketing, and other tactics to reach your target audience.
Respond promptly to customer queries, follow up on orders, and ensure customer satisfaction. Platforms like Fourthwall will handle all of this for you.
Pros:
1. Minimal upfront investment
2. No need for storage and handling space
3. Flexibility in product offerings and designs
4. Wide market reach
5. High profit margins
Cons:
1. Limited control over product quality and shipping
2. Dependence on third-party services
3. Lower profit margins in specific business models
Print-on-demand is one of the most accessible businesses to start without money.
Fourthwall offers a user-friendly platform that allows creators to set up a store, monetize their content, grow their brand, and connect with their community. Join Fourthwall today and start building your online store with no inventory necessary.