Is Setting Up an Online Store a High-Risk Investment?

[Eodine]

I am thinking about setting an online store. You might ask, how much money I am investing? Here is the breakdown of the investment.
Domain: $13 (dot com from namecheap)
Hosting: $95 (VPS from namecheap
Content management: $384 (Shopify basic membership
Add on: $200 (approx)
Digital Marketing: $500 (approx)
I will need a total $1156 to setup an online store and promote the store on social media to generate sales. The cost does not include the price for product manufacturing or procurement. I will need an additional $1000 to either procure products or manufacture products. Will I actually make money from this store? There is no guarantee.
So, do you think setting an online store is also a high-risk investment?

I would say that any business that requires a huge sum of money like say $1,000 upwards is a high risk investment and high risk investment are profitable, the more the risk, the more the profit so I trust that you will make profit with this high risk.

 

[Sutrahen]

Whatever is done online is mostly low risk. This is because the cost of acquiring a place of. Haines is eliminated and thus saves more money. It serves as an easy and first way to start business with the most minimal investment .

 

[tuna89]

Setting up an online store definitely is a risk just like other businesses, do make sure that the products you are advertising or selling are in high demand, do make sure to work effectively on your search engine optimization, integrate google adwords and also do effective advertising via facebook sponsored ads as well, by these, you would make great profits instead of being afraid of the risks involved.

 

[Dubai]

Setting up an online store should not be a high risk investment if all the t's are crossed and your i's are dotted properly. You need to secure your site and do regular security check from time to time. It's a profitable business that you could expand with international reputation.

 

[Abbeyola]

I am thinking about setting an online store. You might ask, how much money I am investing? Here is the breakdown of the investment.
Domain: $13 (dot com from namecheap)
Hosting: $95 (VPS from namecheap
Content management: $384 (Shopify basic membership
Add on: $200 (approx)
Digital Marketing: $500 (approx)
I will need a total $1156 to setup an online store and promote the store on social media to generate sales. The cost does not include the price for product manufacturing or procurement. I will need an additional $1000 to either procure products or manufacture products. Will I actually make money from this store? There is no guarantee.
So, do you think setting an online store is also a high-risk investment?

Setting up an online business to me is not a big risk. All you need to do is strategies on how to go about it and work it out with your prospective client and customer on how the business organization work and how legitimate and geniue the business organization is.

 

[Kehinde]

Decide your product niche.
Find the best ecommerce platform for your online boutique.
Create a business plan.
Select a name and domain for your online boutique.
Locate and vet your clothing suppliers.
Create your website with an online store builder
Provide Popular Payment Options. ...
Advertise on Social Media. ...
A Useful, SEO-Driven Blog. ...
Build Buyer Trust with Product Reviews.

 

[nasiusman95]

But there is uncertainty as to whether the management will perform all the necessary duties to develop the company and earn sufficient returns. Other examples include cryptocurrencies, foreign exchange, ETFs, Venture Capital, Angel investing, Spread betting, etc

 

[Asad Ali]

A shop is a successful online or offline store. Simply make sure your goods are in demand. For me, household goods and personal accessories that consumers purchase from time to time are the perfect products for an online store. Just bear in mind that promoting an online shop is not easy, as online shoppers are already buying from large e-commerce sites such as Amazon. That's going to be your enemies.

 

[Maks25]

Good and well stocked Inventory is important for an online store
If you don’t have a product but put it up for sale, that is fraud and could land you in big trouble. So ensure that you have the products before displaying it for sale with pictures of course and price as well as product description among other details.

 

[sam386150]

Setting setting up and online stores I don't think there's any wrecks at all it only depends on how you operate it and how you devote your time and your ability to observe how your market and moving if it is growing or not.

 

[Ahtsham]

Online shopping is expected to grow at a great pace, with ... business doesn' t need to be a high-risk investment and in fact ...If you're just starting out, one less risky alternative is to get an internship or entry-level job to build your eCommerce skills. It's not for

 

[zenith]

You will need all that one if you want to set up your own store.there are platforms that you can just signup with them and you have your store already.you will not need website or any hosting and the rest,everything is done for you.

 

[Muhammad hussain]

I think if you work online you build an online store no I don't care nowadays everything is being sold and bought online so when building an online store There is no need to be afraid while investing. Today is the age of social media and online things are selling very easily.

 

[Hamza]

It can be both way risky and beneficial. But it's actually a good idea starting a online store. It will take a while before running business smoothly maybe a year or so for your online store to be recognizable to get more customers. But when it's settled then you gonna earn very good profit from it .

 

[KingAries]

As a person who work for an E-Commerce store, I know this is a hard nut to crack. Ranging from the cost of logistics to deliver the goods and the other running costs. From internet to developing your website and all. There is a huge over head cost in the business of online sales. Although the silver lining is that you can use Social Media.

 

[ibaad]

An entrepreneur will need funds to launch a business either in the form of loans from investors, their own savings, or funds from family. The founder will have to put their own "skin in the game."

 

[Milz]

I wouldn't term this as an high-risk investment. it's a business in which you are going to be selling things to people online which I think it's just like any other business that's offline or online. if you're selling a winning products then you will be making enough money from it.

 

[Ebensco]

I don't think starting up online shop is even risky at all. After all most online stores are pay before delivery. So you are sure of no debt, no delay of payment after goods delivery, no long story about lost of goods.

Its kinda risky because there are many scam cases associated with it

 

[Sherry7788]

Every business comes with its fair share of risks. That is simply the nature of the business world. However, certain types of business come with more inherent risks than others. If you are interested in starting up your own business and want to get investors, they may be scared away if your business contains too many high risk factors.

 

[Mika]

Setting up an online business to me is not a big risk. All you need to do is strategies on how to go about it and work it out with your prospective client and customer on how the business organization work and how legitimate and geniue the business organization is.

You must be joking, right? Have you ever operated an online business? If not as an owner, have you ever managed an online business? When it comes to running a business strategies fail, planning fail; theoretical knowledge and gound reality are entirely different. It is easier to say but difficult to achieve.