Want to learn how to create an online store without inventory or a product of your own to sell? While still being able to earn money?
You’re in the right place to learn and we will have you set up and on your way with your first website by the end of this post.
Don’t worry, you can put together and try out your new professional-looking website at no cost.
Let’s get to it.
How To Create An Online Store Without Inventory
The best way to do this is by selling other people’s goods and services in exchange for commission or profits.
Two popular business models that come to mind which would allow you to sell without inventory would include drop shipping and affiliate marketing.
Oberlo describes drop shipping as “a type of retail fulfillment method. Instead of a store stocking products, it purchases the products from a third party supplier. The products are then shipped directly to the consumer.”
In short, drop shipping is very hands-off and though you don’t need to necessarily handle any inventory, you still need to purchase some before being able to direct it to consumers. You will usually buy in bulk.
To learn more, check out this post which goes into detail on selling physical products and drop shipping.
With affiliate marketing, there is no need to purchase any inventory and all you need is a website and traffic to begin earning monthly revenue as an affiliate.
The fact that you can sell items without having to pay for them is what attracts so many beginners to affiliate marketing. Once you learn the basics, you can really begin getting an idea of how lucrative an opportunity it is.
Which is why we choose to discuss today. I’ll even show you where you can create your first affiliate website at no cost.
“Setting Up Shop” Online Isn’t As Difficult As You Think
Setting up a website is not too complicated.
Turning your website into a successful online business requires a bit more planning.
By following the steps below, you will be well on your way to accomplishing this.
Creating A Website In Wealthy Affiliate
One of my favorite online business communities would have to be Wealthy Affiliate.
They offer platforms for connecting with other individuals working toward the same goal (while others are very experienced and accomplished), a website builder to create numerous websites on an individual account, and they just so happen to specialize in affiliate marketing training.
Want to get started right away? Join WA here.
Creating a website can be done in just a few steps inside of WA:
- Choose a free website (Starter + Premium) or build one on a domain you own (Premium only)
- Choose a domain name for your website
- Enter a title
- Choose a design
Within seconds, you will have a basic website built. Here’s what the site builder looks like:
Setting up a business online is very similar to starting a brick and mortar shop. How so? Well, they both require:
- A spot or place to do business
- Marketing strategies
- Products/services to sell
- Expected to generate revenue
- Cost to operate (though significantly cheaper online in most cases)
How To Sell Online Without Inventory
Selling online without inventory as an affiliate is as simple as joining an affiliate program.
Depending on your niche (or market), you will want to find quality products or services to share with your website visitors.
With thousands of affiliate programs and millions of products to choose from, you shouldn’t have a problem finding the right items to share.
A few popular brands with huge affiliate programs would include Amazon, eBay, Walmart, Best Buy, and so on.
Your goal, as an affiliate and website owner is to help inform your visitors on the product or services you choose to display on your website.
When done right, you don’t necessarily have to sell it. By being helpful and honest, I guarantee you can succeed in starting an online store with no inventory.
To learn more about getting started as an affiliate where you will be able to begin learning with basic to advanced training, see our top recommendation.
All the training and tools you need to succeed can be found there. Not to mention, my personal help every step of the way.
Final Thoughts On How To Create Online Store Without Inventory
Coming up with your own product isn’t a terrible option by any means. The good news is, however, it’s not the only option.
You can start an online store with zero inventory to your name. You can pick and choose the companies you work with and which products to and services to share with your audience.
We feel affiliate marketing is a great way of achieving a profitable store without the need of owning any inventory.