eCommerce is an evergoing way of business which was responsible for more than $3.5 trillion worth of sales in 2019. Ecommerce has played a great part in the recent world and has formed a whole new world around itself. Moreover, it has provided convenience never really dreamt of before. No one from our grandparent’s generation could have even thought that we would be able to buy stuff this way. And believe me, it would have sounded just like magic in those days for this stuff to become a reality. It really has given a lot of people to do business from the comfort of their home and more importantly make passive streams of income
what is a passive stream of income you ask?
Well, let’s learn that through an example Say you had a rough night, you went to sleep early, woke up, opened up your laptop and there, you earned yourself $30000 while asleep. Isn’t that just a dream come true. Well, this is called passive earning. So, basically earning money whilst you are not doing anything to actually earn money from that specific platform at the moment. Simply put, this means earning money from a source without ever having to cater to it day and night. You can go and try a million other things while still earning a table amount of money from a certain source.
Now. moving to the basic question of this article, “Yes”, e-commerce can make you or anybody rich as long as they are working to take it seriously and put in the hard work. We will talk about this in length as we go on In the article
E-commerce and passive money
E-commerce and the online market place has given us some of the best ways to set up passive income streams. And literally anyone can benefit from them. Ecommerce within itself brings along many business models like dropshipping and affiliate marketing which are also great ways of passive income if done right. But none of these in any way start bearing fruit in the early stage. In fact, like everything else good in life you do have to put in the hard work. But, nonetheless, they do have their conveniences like working from home and very little capital investment.
Helps you explore your passion
This is one of the biggest pros of eCommerce, that it has brought in the modern world. It has the power to literally everyone to become an entrepreneur. Which is a great thing and as it allows people to make money doing what they love. Lets elaborate. for instance, you are a stay at home who just loves to make homemade jewelry. You make a website post a few articles about how you go through with what you do and put whatever you make for sale anyone who actually likes it. And there you go, you are entrepreneurs sitting at your home. This isn’t just the case with jewelry, it is literally the case with everything as you can start doing this part-time, whenever you get the free time unless you are ready to fully commit.
Moreover, eCommerce has helped many people to actually leave their jobs that they hated and were stuck in. To do something that actually does keep them on edge and makes them happy. I have heard countless stories where a person begins to start a website as a part-time hobby to see how it goes. And when he/she sees actual results, they leave their jobs in an instant and fully commit. As the potential in commerce is more than just immense. You can literally make millions promoting other people’s products/services. But, spoiler alert, it isn’t as easy as it sounds. But it’s not like anything worthwhile in life easy to achieve so that’s to be expected.
How much can you make with e-commerce
There is literally no limit, there are big companies like Amazon millions of dollars every passing day as you might be aware of. But, how much can you earn as a new eCommerce store. Well, that holistically depends on how you manage to stuff and orient your site. It could take you months to actually earn a $100 or you could do it a comparatively lesser time. But, remember there is no magic wand that can just make you hundreds of thousands of dollars and build a steady stream of income. You will have to conduct your research yourself and learn about SEO, PPC, backlinking, inside links and much other stuff that matters yourself
you will have to take your time out of your already tough schedule and assign a few hours to search even if you are tired from work and just came home, so don’t expect a silver spoon.
Finding suitable people to learn from
This is very important, rather one of the most important parts which require you to find someone who provides you valuable and information and lets you know stuff without wasting much your stuff. You could start reading blogs like ones of Brian Dean of Backlinko or Neil important. And even subscribe to their youtube channels.
In my personal opinion, one of the best channels you could learn and make the most out of is income school. They are one of the best mentors out there that just plain out give real advice and provide real value. So, you should definitely check them out. They have some great content and they publish quite regularly.
Choosing a niche
If you don’t know what you want to start selling but are passionate about building an online business. This is going to be a crucial step. So, conduct your research very elaborately, as you will be writing a lot about that subject and hopefully earning from that very niche. To help you out there are many people, that have searched and made a list of some good niches that you can choose from on the internet just type “best niches eCommerce” and go through as many pages as you like noting down the niche that actually seem like they have potential.
Should you join an eCommerce learning program?
Well, this is completely up to you. In essence, there are some great eCommerce teaching programs that can actually teach you some valuable stuff, that is if they don’t turn out to be a scam. You have to be careful of scammers cause belive me there are alot of them out there especially trying to sell courses. A simple sign you can identify them is they simply make promises that sound to good to be true, like” learn how to make a million-dollar in the first month of doing eCommerce”, Advertisements like these are a big no-no cause as they say if something sounds too good to be true, it probably is. These courses will rob you of your money without teaching you any good.
Do your research before you actually join. And see for yourself which guy seems like the one who can help you on your journey. A course that I’d recommend is project 24, believe me, I am not being paid by the income school guys but it’s just that i actually do believe that these guys do provide real value for money. But, anyway don’t rush into buying a course and do your research. On the other hand, if you can’t afford any of these programs due to financial strains. it’s completely fine. You just have to keep reading blogs thoroughly and as I said before doing your research consistently. And, you don’t have to worry as there is way more information out there, available for free then you will ever need.
Hope, this article was helpful and if you have any related question, feel free to use the comment section below