{"id":2565,"date":"2014-06-04T14:36:47","date_gmt":"2014-06-04T14:36:47","guid":{"rendered":"http:\/\/www.repricerexpress.com\/?p=2565"},"modified":"2020-09-24T12:22:27","modified_gmt":"2020-09-24T11:22:27","slug":"starting-an-online-business-little-risk","status":"publish","type":"post","link":"https:\/\/www.repricerexpress.com\/starting-an-online-business-little-risk\/","title":{"rendered":"Starting an Online Business With Little Risk in 2020"},"content":{"rendered":"<p><strong>You work full-time but it\u2019s just not what you imagined your life to be like. Punching the clock, taking orders from someone else, and draining your life away. No, what will really wake you up is starting your own online business and that\u2019s just what you\u2019ll do. But a bit of an obstacle stands in the way: your current job. How on earth are you ever supposed to start a successful online business when already working full-time? <a title=\"Amazon repricing software\" href=\"http:\/\/www.repricerexpress.com\">RepricerExpress<\/a> is here to tell you it\u2019s not just possible \u2014 millions have already done it \u2014 but it\u2019s possible.<\/strong><\/p>\n<h2>Find Something You\u2019re Really Passionate About<\/h2>\n<p>If you\u2019re going to take the big leap of actually quitting a steady, paying gig for one that\u2019s completely on the other end of the spectrum, you\u2019d better darn well love it or you\u2019ll be in trouble before it even starts. You\u2019re going to be spending just about every waking hour in the beginning on getting your business off the ground, and it will be a lot easier if you can find something about it to look forward to.<\/p>\n<p>Making money is nice, but there are easier ways of earning it than starting an enterprise completely from scratch. Another thing to consider: people who follow an unconventional path don\u2019t typically do so because money is their primary goal.<\/p>\n<h2>Choose the Less Risky Path<\/h2>\n<p>You <a title=\"Why You Should Stop Hankering After Your Own Web Store Read more: http:\/\/www.webretailer.com\/lean-commerce\/stop-hankering-own-web-store\/#ixzz33gGzwalv\" href=\"http:\/\/www.webretailer.com\/lean-commerce\/stop-hankering-own-web-store\/\" target=\"_blank\" rel=\"noopener noreferrer\">don&#8217;t have to risk everything<\/a> to try building up an online business, but that&#8217;s in fact what many do. They invest in an online store, buys lots and lots of stock and then realise they have little money left to tell the world where their site is and what it sells\u2014the result is little traffic and even fewer sales. As a general rule, if you spend \u00a320,000 on setting up an online shop, you should have at least double that to drive traffic to it. Whilst that&#8217;s an over-simplified statement, hopefully, it will help many realise that setting up an online store is but part of a complex jigsaw that together offer the chance of success.<\/p>\n<p>There is a much less risky way of selling online that actually offers many more benefits to you as a seller, not least of all cost. And it&#8217;s a way that more and more individuals are turning to. The route is selling on Amazon as a <a title=\"Selling on Amazon \u2014 how it works\" href=\"http:\/\/services.amazon.co.uk\/services\/sell-online\/how-it-works.html\" target=\"_blank\" rel=\"noopener noreferrer\">third-party seller<\/a> and perhaps FBA seller in the future. Set up your <a title=\"Amazon Seller Central\" href=\"https:\/\/sellercentral.amazon.com\">Amazon Seller Central account<\/a>, find some stock to sell and try it out. There&#8217;s sometimes a free trial for the Pro Account (which is worth using first as it can save you a lot of hassle if you decide to continue <a href=\"http:\/\/www.repricerexpress.com\/10-tips-for-selling-on-amazon\/\">selling on Amazon<\/a>).<\/p>\n<h2>Soak up Everything You Can Before You Start<\/h2>\n<p>Before someone can cannonball off a diving board, they need to know how to swim. And before they can know how to swim, they need to know how to tread water and hold their breath.<\/p>\n<p>It\u2019s the same with starting your own business. As savvy as you may think yourself in knowing how to start a business, simply having a passion for certain products isn\u2019t enough. There are so many more concepts involved, like taxes, marketing, advertising, finances, computer programming, the art of repricing and more. And plus, do you have a plan in place for all the unexpected that can \u2014 and will \u2014 happen? Unless you\u2019ve been in the situation before, it\u2019s always better to study and find a mentor who can guide you. And if you choose the Amazon route, there is more than enough information available to help you along.<\/p>\n<h2>Prepare for a Really Tough Slog at First<\/h2>\n<p>One of the first things you\u2019ll notice at first, except if you\u2019re one of the really rare few who hits a grand slam on your first at-bat, is that things will really suck. You\u2019ll have a hard time moving your inventory, hits in the triple digits will be an excellent day, money will be incredibly slow to come in, and you\u2019ll wonder more than once why you ever made the decision.<\/p>\n<p><strong>Hang in there.<\/strong><\/p>\n<p>Give yourself at least 18 months to really give it a go before you even think about giving up. And if you think that\u2019s too long, think back to how long it took you to get your current job, and not just the application process itself. Think about the years of education you had to put in, any months of side training\/interning\/volunteering, and how you\u2019ve prepared your whole life to finesse the social skills necessary to deal with all sorts of people.<\/p>\n<p>18 months of working at starting your own online business doesn\u2019t seem like so long now, does it?<\/p>\n<h2>Amass a Rainy Day Fund<\/h2>\n<p>If you\u2019re smart about your finances, you\u2019ve no doubt piled up a little nest egg that can see you through tough times, like a stretch of unemployment. Well, think of starting your own business as that stretch. What you have right now is the luxury of a steady paycheque, and put as much of that aside as you can.<\/p>\n<p>When you start, you\u2019ll be putting more money into your online business than you thought possible, and there\u2019ll come a day when you\u2019ll be incredibly happy and relieved to know you\u2019ve got the account balance to float it. Take on overtime and any extra hours you can find: not only will the added money help you out when you least expect it, but working more than you\u2019re used to will be great practice for when you finally take the leap.<\/p>\n<h2>Final Thoughts<\/h2>\n<p>Starting an online business when you\u2019re currently working a full-time job is far from easy, but it\u2019s most certainly doable, and it&#8217;s definitely less risky via Amazon. And we here at <a title=\"Amazon and Rakuten Play.com dynamic repricing\" href=\"http:\/\/www.repricerexpress.com\/\">RepricerExpress<\/a> want to do what we can to make your life and business enterprise easier, such as offering a <a title=\"Amazon and Rakuten Play.com intelligent repricing software\" href=\"https:\/\/dashboard.repricer.com\/register\/do\/repricer?utm_source=rex-blog&amp;utm_medium=referral&amp;utm_campaign=rex-to-repricer-registration&amp;utm_activity=take-action\">15-day free trial<\/a> on our repricing software. It\u2019s one less factor you have to worry about so you can focus on getting all the other pieces right.<\/p>\n<p><a href=\"https:\/\/dashboard.repricer.com\/register\/do\/repricer?utm_source=rex-blog&amp;utm_medium=referral&amp;utm_campaign=rex-to-repricer-registration&amp;utm_activity=take-action\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-11085 size-full\" src=\"https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/10\/amazon-repricer-free-14-day-trial.png\" alt=\"Amazon repricing software free trial\" width=\"1280\" height=\"550\" srcset=\"https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/10\/amazon-repricer-free-14-day-trial.png 1280w, https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/10\/amazon-repricer-free-14-day-trial-300x129.png 300w, https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/10\/amazon-repricer-free-14-day-trial-1024x440.png 1024w, https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/10\/amazon-repricer-free-14-day-trial-768x330.png 768w, https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/10\/amazon-repricer-free-14-day-trial-200x86.png 200w, https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/10\/amazon-repricer-free-14-day-trial-400x172.png 400w, https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/10\/amazon-repricer-free-14-day-trial-600x258.png 600w, https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/10\/amazon-repricer-free-14-day-trial-800x344.png 800w, https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/10\/amazon-repricer-free-14-day-trial-1200x516.png 1200w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You work full-time but it\u2019s just not what you imagined your life to be like. Punching the clock, taking orders from someone else, and draining your life away. No, what will really wake you up is starting your own online business and that\u2019s just what you\u2019ll do. But a bit of an obstacle stands in [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2570,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,9],"tags":[],"class_list":["post-2565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-amazon","category-tips"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Starting an Online Business With Little Risk in 2020<\/title>\n<meta name=\"description\" content=\"If you&#039;re thinking of starting an online business, take an easier, less risky route via selling on Amazon as millions of others are doing.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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