How to sell products without inventory
How to Start An Online Store Without Inventory
hello guys and welcome back to the
stellar brain TV the platform to inspire
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way so if you're new to my channel
welcome onboard my channel is all about
business entrepreneurship and helping
you create your own online business so
if you're interested in that type of
content then make sure you click on that
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don't miss out on my videos when did you
come out so you want to start an online
store selling products online but you
don't have the money to purchase
expensive inventory in advance so what
exactly to YouTube now in today's video
I'm going to be talking about how to
start an online store with no inventory
yes you heard right so if you're someone
out there who's thinking about starting
an online store you want to start
selling products online but perhaps you
don't have the money to buy any inventor
in advance or you're really really
struggling in terms of purchasing
inventory then this video is free and
you better stay tuned and watch this
video to the end welcome to the start of
ring TV where you can learn how to start
and run a successful online business
working from home or anywhere in the
world so you can finally leave the life
of freedom and fulfillment that you
truly deserve
now the first step to starting an online
store or any business out there is to
come up with a niche or a business idea
now some of you guys watching this video
may or may not already have an idea with
regards to what type of products you
want to sell online perhaps you want to
sell accessories clothing shoes bags
hair extensions just whatever you're
thinking about selling online is
essentially going to be your niche okay
so if you don't already have an idea
that it's time for you to start
brainstorming on some ideas or regards
to what you want to sell online don't go
out there trying to sell everything
because it's just gonna confuse you and
most of all confused your customers okay
so find the niche stick to it and make a
killing out of it okay now the second
step of course after you have a niche is
to start thinking about your website
your website is essentially going to be
your office or your storefront because
you're studying an online store you need
a platform where people can actually
find you and purchase those products
from you so your website is key to
creating an online store this no way
you're gonna start an online store
without a website how do you expect
people to find you and don't go out
there trying to sell products on
Instagram and Facebook because that's
just not professional enough people need
a platform where you can go there
purchase a product pay for the product
and get the product shipped out to them
you don't want to be going back and
forth with the customers or making the
purchasing process long and complicated
for your customers because let's be
honest we don't have the Haitians
nowadays okay a lot of people want to go
on the internet find a product they want
to buy click on that Buy Now button pay
for it and have it delivered to them in
a few days okay nobody wants to go on
Instagram instead DMing you oh I want
that shoe how do I pay for it
or do you want my bank details or do I
have to use PayPal it's just too long
and too complicated and a lot of people
wouldn't buy it from you if you don't
have a website that's just the fact if
you have an Instagram account Facebook
account social media platforms that's
perfect that's a great start but if you
want your customers to take you
seriously
then you need to invest in a website now
to get your website up and running these
two key things you're going to need
your domain name and hosting platform
your domain name essentially is the name
of your business so if your business
name is Plus Size boutique and your
domain name could be something like
wwe.com or.net but couldn't you keep
really really really up to you and you
can get a domain name for less than ten
dollars for an entire year so it's
really really worth the investment you
can get it from platforms like
namecheap.com which is my all-time
favorite and these other platforms like
GoDaddy and other domain name providers
out there that you can also look into if
you're interested in finding out more
once you have a domain name you can
actually get hosting from platforms like
bluehost.com
easy click website but I always
recommend that you look into Shopify
because Shopify essentially is the
perfect platform to help you create an
online store its beginner friendly and
it's really really geared and headed
towards creating online e-commerce type
stores so I strongly recommend you check
out Shopify okay now I leave all that
still down below and for the different
platforms get your website up and
running so once you have an age and a
website it's time to get some inventory
now this is where it gets really
stressful especially for those of you
who may be a little bit tight on cash
but you want to start your own online
store as you already know buying
wholesale involves a lot of capital
because you need to buy everything in
bulk
a lot of wholesale suppliers out there
don't allow you to buy just one unit or
two units or even ten units you need to
buy sometimes a minimum of 40 to 50
units per item so this necklace I'm
wearing for example you may need to buy
50 to 100 units per product okay so if
you're thinking about buying other
products for your website then as you
can imagine that we can really really
pricey because you're buying hundreds of
units of each item you're gonna need
some extra space maybe you need a
storeroom to store all those items and
if you just get it started this is a
really really risky approach as well
because nobody really knows about your
brand just yet unless of course you have
some you know special connections and
some brand endorsements out there that
can blow your business up overnight you
will really really struggle because
business
doesn't just work like that for any new
businesses out there one of the biggest
issues that new businesses trouble with
is brand awareness okay and brand
exposure you're studying a business
nobody really knows about you so don't
rather buy from the bigger brands out
there that a lot more familiar with so
now if you can't really afford to buy
wholesale then what to you two about
that how did you start that online store
I've got a trick for you guys and my tip
if you don't already know is drop shape
in now some of you guys who already
follow me will know I talk a lot about
this amazing inventory sourcing option
called
drop shipping drop shipping is a process
whereby you don't have to buy any
inventory in advance but what you do is
you collaborate with the supplier who's
willing to fulfill and ship all your
orders to your customers you sell the
products on your website as though you
already own them the customers don't
need to know you don't have them
installed and your supplier is dealing
with the fulfillment when a customer
buys from you you pass a customer's
details to your supplier who then
packages and ships the products out
directly to your customer and a chain
you keep your money okay you keep the
profit you're saving yourself the risk
you can sell as many products as you
want without buying anything in advance
and you don't have to deal with the
fulfillment process of packaging and
shipping products out to your customer
your job is religious to sell the
products on your website so say for
example I wanted to sell this necklace
on my website and I found a wholesale
supplier who's currently selling this
necklace for $7 what I could do is
instead of having to buy hundreds of
units of this product for $700 for
example what I could do is sell these
products on my website and so I already
owned them so the COS price of course is
$7.00 but I could sell this product on
my website for $25 which is the market
price a customer that comes to my
website and buys this necklace for $25
it goes straight into my bank account on
my paypal account what I then do is go
back to my suppliers website and I
purchase the same necklace for seven
dollars okay so you're only buying this
product after the customer has purchased
from you remember the customer bought
this necklace $25 so essentially you get
to make a profit of
eighteen dollars the supplier dank
packages and chips the order algebra
treats your customer and you keep your
18 dollar profit simple as that
however for this to work you need to
make sure you're actually dealing with
suppliers who offer a drop shipping
service okay because as you know there's
wholesale suppliers and it's also drop
shipping suppliers but they are also
hosts your suppliers that deal with drop
shipping as well
okay now you're probably wondering where
do you find drop shipping suppliers it's
a lot of different platforms out there
that you can get started with Aliexpress
is one of the best ones hands down that
you can get started with the silicon
which is another great drop shipping
platform so there's a lot of drop
shipping suppliers out there that you
can start working with it's also
worldwide brands and one of my favorites
of course instruction finds don't come
which is one that I've used myself nice
to currently use as well unlike
platforms like Aliexpress salehoo
worldwide brands that only offer you a
list of suppliers to start working with
drug she finds actually offers you the
whole drop shipping business in one
platform so you don't only get access to
the wholesale and drop shipping
suppliers you can get started with but
you also have your own website designed
for you okay so you're saving yourself
the cost of web hosting or going through
the stress or creating your own website
because that is actually sorted for you
a drop sheet find soft calm you also get
training videos to help you market and
advertise your business to your
customers so essentially if you are
they're just getting started
and I'll recommend you check out
dropship finds that come because it's
really really beginner friendly and you
get everything as in all the tools and
resources in one single platform to get
you started okay I'll leave the link
down below you can check out everything
you need to know about dropship signs
down below I did the video someone's
back on the different wholesale and drop
shipping suppliers that you can go for
with the pros the cons and I'm going to
leave the link below so you can check it
out to find out more regards to the drop
shipping suppliers you can start working
with okay and once you have your website
up and running you're essentially now in
business it's time to sell sell sell and
start attracting new customers and leads
to your business there's so many
marketing strategies you can use out
there to attract customers to your new
on
in store such as search engine
optimization marketing which is what I
always recommend you get started with
because it's free its organic and you
get real customers who are truly
interested in your products okay another
way to attract customers to your online
store is using social media marketing
you can use platforms like Facebook
Instagram Pinterest which are my three
top recommended platforms for
advertising your online store or online
would say it's free to join but you need
to pay if you want to use Facebook ads
or Instagram as attract customers pretty
fast to your online store so there's so
many options out there when it comes to
marketing your new online store and
again I did a video someone's back on
how you can actually generate traffic
and sales to your new online store so
this will make quick steps to starting
an online store of course there's a lot
more involved in the process and if
you're looking for more sort of detailed
information or regards to starting an
online store then make sure you check
out the run with the Academy where I
teach you step by step how to start your
own online boutique from scratch from
the start all the way till the end ok
I'm going to leave the link down below
so if you're interested hopefully I look
forward to seeing you on the other side
I hope you guys found this video useful
if you have any comments whatsoever
leave them down below and don't forget
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look forward to catching up with you
guys in my next video
bye for now
[Music]
