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One of biggest mistakes ecommerce businesses make is selling an excessive number of products. Doing so can cost a ton of money in inventory, storage, resources, and marketing, especially for smallbusinesses and ecommerce startups. Selling niche products saves you money across the board. Less Expensive.
If you are a medium-sized or growing business, it’s likely that you have begun to investigate order fulfillment services , and might have experimented with one already. While smallbusinesses can often manage their inventory , packing, and shipping , as the operation scales up, additional support is needed and beneficial.
If you want to start with the strategy of how to run an ecommerce side hustle, check out our guide: How to Run a Successful Ecommerce Business On the Side. The retail arbitrage Amazon side hustle. Retail arbitrage is one of the most popular online side hustles. 20% of Amazon sellers use the retail arbitrage model.
The term dropshipping refers to an ecommerce fulfillment method where a merchant partners with a supplier and that supplier makes, stores, and ships the products. Therefore, the merchants (or retailers) are not directly responsible for the overall movement of inventory. The merchant markets Product A.
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