The internet has opened many doors for people to make money online. There is a wide range of money-making schemes existing today and you will surely get overwhelmed if you try to look for them online. If you are just starting out your online venture, one of the most popular methods to choose from is e-commerce.
E-commerce is a famous term for electronic or internet commerce. It is an approach used to buy and sell products and services on the internet. This includes online payment transactions as well. People have known e-commerce as buying physical products on the internet. It’s actually bigger than that since you can consider any commercial transaction that happens online as part of e-commerce.
E-commerce makes everything easy for people and if you want to make money out of this convenience, you are free to utilize the internet and embrace the opportunities offered by technology. In case you are looking for the top e-commerce today, here’s your guide.
1) WooCommerce: Free
You might have seen this violate icon floating all over the internet. WooCommerce is a great e-commerce platform, especially if you are a beginner. It is used by many WordPress users because of its simplicity and user-friendly interface. The pros of using this platform include easiness of WordPress plugin, simplicity of usage if you are familiar with WordPress already, built-in payment systems such as Stripe and PayPal, flexibility to upload an unlimited number of products in different categories, monitoring of your store in whatever way you want, and taking control over your e-commerce data.
If you are not aware of how WordPress works, you have to study the platform first before you can get a full grasp of WooCommerce. That’s a con for this e-commerce plug-in. If you are a newbie, expect that you will spend hours navigating the site and installing the plugins needed. You also need to pay for hostings and SSL certificates. Without a web host, you won’t be able to use WooCommerce.
2) Shopify: starts at $29
Shopify is one big brand. Its popularity is incomparable to other e-commerce platforms and this is based on Google Trends data. Because of its user-friendly and easy to set up features, new players and existing sellers are running to this platform to open their e-commerce accounts. Additional pros to Shopify are over 100 high-quality themes for those who want to add designs to their shops, free trial for 14 days, flexible payment options like PayPal, Cash on Delivery, and Stripe. You can use this online and offline as well.
However, Shopify has cons for new sellers too. Because you have to pay $29 a month for a basic plan, it’s still not a cheap option if you can use e-commerce platforms for free. The store templates for free are only 20 and some of the paid ones are priced at $180. Shopify is not cheap for those who want to start without spending a dime.
3) Amazon: starts at $0.99
Let’s add Amazon on the list as this is probably one of the few e-commerce platforms you know. Amazon works as an online shop where you can list your products and sell them to customers. That’s how simple this platform works. There are also other evolutions like Dropshipping wherein you don’t have to stock inventories or manufacture your own products to become a seller. Amazon offers a variety of opportunities for a new seller to earn. Since it’s already a known and trusted brand, customers can easily recognize your products.
Using Amazon can be a bit challenging because of competition. There are thousands of sellers using this platform and it’s easy to find a seller who sells the same products as you. You really have to work on your competitive strategies to be able to make a name in this place. Plus, it charges a minimum of $0.99 for every item sold by sellers.
4) eBay: 10% of final value
eBay is a huge competitor of Amazon. Many sellers and those who want to make money on the internet go here to post and list the products they want to sell. eBay also works as an online shop where customers can shop and buy their needs. What’s great about eBay is that it is a large marketplace even for newbies. You don’t have to own your brand to sell. It has a Dropshipping program for those who don’t want to spend on inventories and production. It’s a good place to start.
But, as a seller, you should be aware that eBay has fees that can get as high as $250 depending on the final values of the products you are offering. The standard is 10%, however, it’s still an unstable rate.
5) Magento: Free
Last but not least is Magento, another platform that can be integrated on your website, if you have one. The advantages of using this e-commerce platform include its features to be seamless, scalable, SEO-friendly, charges no transaction fees, and an open-source platform. You can easily build your own e-commerce websites with this one.
Keep in mind that you have to pay for web hosting to use Magento. You also have to be tech-savvy so you can use this platform effectively.
You can start your own online money-making journey by setting up an account on any of those platforms. Just don’t forget that it would take time before you gain repeat and loyal customers. Nevertheless, effort and time are worth it!