New York was one of the hardest hit states in the economic loss of jobs. People who were reorganized out of their positions have found themselves in a state of flux, not knowing what to do next. Fear and the unknown tend to make us stuck in a rut. Leaving a known familiar field of expertise can be devastating, but it doesn’t mean it’s the end of the world. As the saying goes, it is always darkest before the dawn. Sometimes you have to think outside of the box when calamity strikes. Fortunately, we live in a time where the Internet has opened up new doors for people to start their own ecommerce businesses without having to invest too much startup funding.
While you look for your next challenge, start thinking about this concept. Even a part time ecommerce business would keep your mind off the emptiness you may feel, and can quickly become an additional source of money. You have nothing to lose but time, and everything to gain personally and economically.
Women especially can find this to become an important element in balancing their home and work life. You will work much harder than you did when you worked for a company, and perhaps in the first year or so of your business you will find that you are making less than what you have been accustomed to. Remember this concept — less can be more!
In the first year of creating and maintaining your business, entrepreneurs will need to find ways to cut back on expenditures so that their lifestyle can equalize out. Things that seemed important before become less important when you find that cutting back is not an option, but something that you must do to survive. Once you are successful you will have a greater satisfaction and appreciation for working. This is your business, your lifeline to economically surviving, and only your determination and dedication will make the process work.
There are a lot of wonderful new mall sites on the internet that are free or charge a nominal fee to sell your items. Of course, as with any new venture, there are steps to follow in facing your new challenge. First you need to decide what product you can be passionate about. Is it clothing, or perhaps sporting goods? Find what you enjoy, and that is the product you should focus on selling. The next step is to find a wholesale supplier for the items you want to sell, who is reputable. Never put yourself in the position of “owing” the vendor for the goods you sold. I once saw an extremely successful seller go out of business because she ended up owing the vendor more than what she was selling. Since money in the beginning will be an issue, find a wholesale supplier that will allow you to utilize their pictures and descriptions, and will ship the item for you once you sell it. Pay the vendor immediately once you get paid, thus you have no open tab owing to the vendor. Once you establish yourself, and start to show some profit you can rethink your business model so you can then obtain the inventory for onsite pictures and do the shipping yourself.
Do not sell “intangible” products. A common pitfall for those who are searching for the right ecommerce situation is to get sucked into the hype of buying a book that will tell you how to sell on the internet. Always remember that if it was that easy to become successful at what you want to do, everyone would be doing it! If a site asks you for money, it probably is not a good idea to begin with. If you think that filling out surveys might be a good choice or downloading e-books on how to start your own business is the way to go, you are not seriously thinking about how to create a successful business model.
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