What Does a Virtual Business Involve?


If you believe the hype of an Internet business on TV and in the print media, you think that all e-commerce entrepreneurs are multimillionaires. You've probably seen testimonials like this:

It's like having my own "Internet vending machine" making money for me while I watch TV, play with my kids, vacation. . .even while I sleep!" Alice Mitchell, satisfied customer of Click & Grow Rich

Well, folks, it's just not that easy. As in any business venture, succeeding in e-commerce takes worklots of work, and lots of sweat, to boot. Creating a successful business online has about the same odds of succeeding at creating a business in the physical world. More often than not, those businesses fail. In addition, starting an e-commerce venture and being successful at it offers a whole new set of challenges. Running an online business is not easy. If you are operating a part-time business online, you are aware of this fact.

Free Info

Download the free informative article "Flying Under the Radar" at www.myecommercesuccess.com.


True, if you are successful, many of the challenges of a physical business are not present in a virtual business. You don't need to spend money on expensive brick and mortar. Your store is open 24 hours a day and 7 days a week, internationally. The need for actual salespeople is dramatically reduced or eliminated. If you drop-ship your products from a distributor or manufacturer, you don't need a lot of warehouse space.

That doesn't mean a virtual business is all wine and roses. You might not pay rent for a physical storefront, but you need to pay someone to host your store's website. Those salespeople you don't need are replaced by customer service reps answering questions on the phone and responding to emails. As for customer service, that is even more important and will take up more of your time than a physical storefront.

It all comes down to this: You can make your online business succeed, but it takes work.

Tip: Sourcing Products

A great resource for products to buy at wholesale prices is Wholesale World (www.wholesale-world.us). You'll find an extensive list of wholesale-supply companies in many popular product categories. The company also offers helpful advice on how to buy goods wholesale at www.wholesale-world.us/retailers.php, and maintains a list of manufacturers that are willing to drop-ship products at www.wholesale-world.us/drop-ship.php.





Succeeding At Your Yahoo! Business
Succeeding At Your Yahoo! Business
ISBN: 0789735342
EAN: 2147483647
Year: N/A
Pages: 208

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