Creating an online shop, known as an eCommerce store, is a lucrative way to make money online. An online shop is far more profitable than its brick-and-mortar counterpart as it eliminates the need for expenditure on rent and property insurance. ECommerce stores also offer scope for massive growth as you can target customers from anywhere in the world.
Keep up to date with popular product trends: intercepting the market just before products go viral can earn you thousands. Sellers who picked up on the fidget spinner trend, for example, saw 10 to 20 times their initial investment.
You can easily set up an eCommerce store on platforms such as Shopify. Generating significant income requires effective marketing: create a strong brand and advertise your store through social media and Facebook ads to increase traffic to your website.