If you are fed up of your current job or you are struggling with your finances then you might have turned your thoughts to making money online. However this isn’t as easy as some people might have you believe. It’s commonly thought that you simply set up a website, fill it will details of products and then suddenly you’ll be raking in the money. If only it were that easy.
The costs involved can work out more than expected. You need to factor in the cost of the domain, web hosting, web design, photography, credit card processing fees and shipping fees. Please take the time to really think about these items because it’s going to impact how much profit you can make.
In terms of creating the website, there are a number of free options on the market such as ZenCart and CubeCart but these can be pretty basic and you can easily spend a small fortune buying various plugins and then having someone install them. Luckily, there are also some very nice templates that can be purchased at not to much money but look very professional.
If you are going to get a web designer to create your website then you should think about getting someone from India because they are considerably cheaper. You can find these people simply by searching on the internet or visit elance.com, rentacoder.com or odesk.com. The obvious downside to this is that you will probably be in different time zones and there will also be a language barrier.
If you are buying products from a supplier who has really great product photography then this is great. However if there aren’t any photographs you will need to take them yourself. A lot of people on a budget try to take the DIY approach but the results end up being less than impressive. Hiring a professional photographer will give you better results but you will have to pay for the privilege.
When it comes to credit card processing you should look at PayPal along with other companies such as AlertPay and 2checkout. Have a look at their fees and work out whether you will have enough money left for profit.
Alternatives to creating your own website include selling on other websites such as eBay and Amazon. The benefit of this is that they take care of creating the website however they do charge a fee which some people find quite steep. If you are a artistic sort of person you might also want to look at CafePress and Etsy.