In the world of e-commerce, starting a business without any products may seem like a daunting task. However, with the right strategy and mindset, it is definitely possible to launch your own online business successfully. Many startups have followed this path, initially launching their businesses without any products and then expanding as they grow.
Today, I will share with you how you can also start your own e-commerce business without purchasing any products or holding inventory. My name is Lakshit Sedia, the founder of Social Seller Academy, a government-incubated startup that has been teaching people how to start online businesses for the past 5 years.
Starting a business without products typically involves two main models: affiliate marketing and dropshipping. In affiliate marketing, you promote other companies’ products and earn a commission for every sale made through your referral link. This model allows you to start earning without the need to hold inventory or handle shipping.
On the other hand, dropshipping involves partnering with suppliers who directly ship products to your customers. You only purchase the product from the supplier once a customer places an order on your website. This model eliminates the need for inventory management and upfront investment in products.
I have personally helped over 2000 individuals start their dropshipping businesses, whether it’s finding suppliers, building websites, or running ads. The process is relatively simple, and with dedication, you can start your own dropshipping business within a week.
When it comes to product selection, you can choose from various categories such as electronics, gadgets, personal care, home decor, and kitchenware. High-ticket dropshipping, where you sell expensive products with high-profit margins, is also a lucrative option for those looking to establish a premium brand.
If you’re interested in launching your own brand and starting an online business without holding inventory, consider enrolling in our E-commerce Masterclass. In this live workshop, I will guide you through the process of setting up your business, managing digital marketing, finding reliable suppliers, and creating compelling content.
Don’t miss this opportunity to learn from industry experts and kickstart your e-commerce journey. Subscribe to Social Seller Academy for more informative content and stay tuned for our upcoming videos. Remember, with the right knowledge and determination, you can turn your e-commerce dreams into reality. Happy selling!
