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Any suggestions for low cost method of opening online store?

I'd like to open an online store, selling goods produced by various manufacturers/distributors.  Is there a way to do that without investing in a ton of inventory and still get wholesale prices from the manufacturers/distributors?


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Children are God's gift to the world... 

Have you thought about opening an online store through ebay?

 

Hi - thanks for the reply, but the problem isn't an issue of being able to create a website.  The problem is how to get items to sell without investing a lot of money in inventory.

 
130 helpful answers

Children are God's gift to the world... 

Maybe you can start by selling some gently used stuff you don't want anymore and if you feel confident, tell your friends about your idea to open an online store and sell gently used items and take a low percentage of the sale price (at least in the beginning months). That could be a great start.

 
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There are hundreds maybe even thousands of business who's focus is supplying products at whole to individuals wanted to do exactly what you do "middle" a product i.e. you don't actually have to invest in inventory - your job is to "market" the products; get customers to purchase and these companies will do all the "fulfillment".  What you get is a $$ w/minimal risk; what you give up is a good % of your profit to the wholesaler whose products you're representing.  However, it's a great way to start-up a business and get a revenue stream going.  Hope that helped.  if you wish additional information I can be reached via www.agrowingenterprise.com

Good luck to you

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Great answer - thank you!  Is there a name for these types of companies?

Posted 2008-07-29T18:03:17Z
 

This may serve to get you thinking about creative ways that this can apply to the specifics of your business idea, so I'm going to offer it in that spirit.

I looked at startng a social entrepreneurship business and the supplier offered to front me intial orders for a cut of the profits.  This increases his investment as a supplier (he benefits from the  success of the business and is invested in working with us).  He's starting a school for the children of the women who produce the goods with the proceeds and that actually fits right in with our mission, so it mutually-reinforcing.

Depending on your relationship with your suppliers, you might be able to cut some kind of deal where they benefit- if they think your business has a chance at success, showing you some flexibility in order size might when you are a start up might be attractive or you could help them get rid of overstock- you get the idea. 

Finding out how they perceive is a great opportuinity- to open up a line of communication and build some rapport.  I did a market survey with my suppliers and asked where they were selling the most- learned a lot of useful information to include in my business structure and put together an idea that they have some investment in.

If you do your homework and identify the needs, interests, habits, flexibilities of both your suppliers and buyers, you might find yourself very skillfull at 'positioning' yourself with both constituencies!

 

Setting up an online business with no initial financial outlay - I would head towards the affiliate marketing side of things. This allows you to earn large commisions for promoting highly desirable products and services online. For every sale that comes from your site you recieve a percentage of the cost of that sale.

The hardest thing about Affiliate Marketing is choosing your niche and the right affiliate program to work with who will provide you with help and support in setting up and running your site.

I've been with MoreNiche for about 2 years now and their help and advice has been invaluable - but do your research and find the best solution for you. Hope this helped. :)

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