How to Make Money Online by “Start an online virtual store”
You can set up a store by selling something that you create (some examples are homemade candles, scrapbooks, or quilts).
You can either mass-market items, or you can offer your services and have people pay you per order, and then only start acquiring the product once you get paid (so for example once someone gives you money you start knitting a quilt).
In order for you to create an online virtual store, here are some steps you can take:
➢ Design a website for yourself and set up a virtual store along with payment methods. You can easily open a virtual store by using services of Shopify.com. You can also register as a seller on eBay or Amazon.
➢ If you intend on dropshipping, identify wholesale dealers. A very good website from where you can source products is AliBaba.com (choose only legitimate suppliers, ask them if they can dropship items for you) and Otherwise, identify people who supply the materials you need for your own product.
➢ Start building your customer base. Advertise in websites or forums, social networks, amongst friends, or via other traffic methods.
➢ Enjoy the profit margin
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How much money can I make out of an online virtual store?
➢ Your profit will be the difference between the priced charged by the wholesaler and the price you charge the customer. It’s hard to give an estimate on this since different products have considerably different prices.
