Those who follow Quondos frequently know that we have set up a project within Quondos to sell on Amazon . As I have already mentioned in several posts, there are several advantages to launching an online business through this e-commerce giant. Regarding the initial cost, it is smaller than creating your own online store. create basic online storePhoto rights by Fotolia I don’t want to hide from you that there are also major disadvantages . Just as it is not good to rely solely on Google when it comes to generating visits to a website, it is also not advisable in the long term to have only one sales platform that brings you income. Sooner or later you have to take the step of launching your own online store so as not to be 100% dependent on Amazon. Now the question is… What is basic e-commerce ? When it comes to spending money to launch an e-commerce, you can go crazy and pay thousands and tens of thousands of euros. When I talk about a basic e-commerce , I am referring to the following points: Selling 5-20 standard products (such as clothing, gifts, books, etc.) WordPress-based platform with the Woocommerce plugin. Basic stock management, without connection to ERP systems. To set up a store with Woocommerce, I recommend this post published on Quondos . It contains more than 10,000 words of text and video tutorials that explain how to create your online business based on WordPress step by step. How much does it take to invest to set up a basic e-commerce business ? “Show me the money” some people will say now. Let’s talk about money. How much does it cost to set up something like this with your own product, which requires additional investment compared to a simple dropshipping model ? Domain and hosting costs (annual recurring cost) : 70 euros Premium template for Woocommerce : 50 euros Content creation : 150 euros Programming : 400 euros Investment in stock : 500 euros The total cost to launch your own online store with Woocommerce in this case is 1,170 euros . If you know how to program (or have a cousin who knows how to do it) and also create your own content, you can reduce the start-up cost to 620 euros. Obviously, this data is indicative. The investment in stock will depend greatly on the product you want to sell . Although it requires more investment, I would prefer a product that generates 20-100 euros of profit with a sale. The calculation behind this is very simple. To make 1,000 euros a month you need less traffic and sales, although the risk is obviously higher. Here, for example, you can get an idea of what you would have to invest in advertising to generate 1,000 euros . This clearly shows that products with a higher absolute margin are more attractive. If you want to launch your own online business or you already have one and you want to make it big this Christmas and Three Kings’ Day, this new initiative from Quondos may be useful to you.
