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

[Kinglegend01]

Setting an online store is in my books( which I am pretty sure alot p people will agree with me) is not a high risk investment if anything it is one if the smartest and very profitable decision that can be made in our present age if only you know your way around it and how to generate audience and selling the right products too.

 

[Jlife]

setting up an online store is not very risky because online store is one of the most simplest thing because you will be doing all my marketing online and everything you will always do it online which will give you more time to take care of all the offline business and need.

 

[idhans]

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 store could be quiet asking and a bit expensive because you have to buy a domain, and you have to pay for hosting services, you have to pay for advertising from so many advertising companies and all that involves a whole lot of money.

 

[Goodday]

Yes, to some extend setting up an online store is risky especially if the store deals with finance online. Hackers keep updating their systems and it's not always easy for small scale businesses online to achieve the level of being secured. Apart from that it might also be expensive to start the online store and really need to work very hard to achieve success online.

 

[Khizar iqbal]

I think it is a great failure for me to set up an online store and work online. It has a higher chance of profit and less loss so people who are setting up an online store do a great job. Everybody does shopping from online store this way your sales increase and profit comes more. One of the benefits of creating an online store is that it does not even require a worker.

 

[springtech]

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?

This is a bold step you are taking and i must commend yout effort. In case you are nursing any fear, let me assure you, that all things bring equal and if you get ur right in every aspect, you will make tons of money in few months.
You will be glad you took this step.

 

[Mika]

Setting up an online store could be quiet asking and a bit expensive because you have to buy a domain, and you have to pay for hosting services, you have to pay for advertising from so many advertising companies and all that involves a whole lot of money.

That's my point. It cost a lot of money to start an online store, even more, to run and operate the store. However, there is no guarantee that you will actually make money. In order to generate money from your store, you need to sell a lot of products every day. Normally, you have a 20 percent profit margin. If you make $1000 worth of sale, you will earn only $200. This is too little money to operate a store.

 

[Victor001]

This is on the high side, i cant say much, from your analysis its gonna ne a long investment, before settling for online store have in mind the chance of liquidity also try to partnership with other online stores.

 

[Olamide wealth]

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.

 

[Ayoknl]

Base on your breakdown, I would advice you start a physical store at first, during this period, you have the chance to introduce your products to the final consumers and note their reaction to it. If it goes on to be a success, you can then introduce the online shop for easy access to the products and to reach other regions where it's needed also

 

[Ridorz]

I don't really know much about a online store set up but I don't hear anything risk it dangerous in online store before from anybody or to hear any complain on risk or dangerous about online store before. Therefore, I can say that online store is not has certain risk.

 

[Ub40]

Like I will always say, all the business has one risk or anothe associated with it, be it offline or online business and opening an online store is not an exception. Remember to gather the necessary information concerning any business you want to do.

 

[Jomarie05]

Setting up an online store is not a high risk investment being that you are not making loss in the investment as you haven't sent the items to a customer that will start delaying your pay or any of those problems associated with online store business. It's actually a less risky kind of business.

 

[Ayokex]

There is no special risk attached to setting up an online business it's just like every other businesses. What would have being a risk in it is the payment issue but there are better payment gateways that can be incorporated which will things easy.

 

[Arrain1122]

Investing involves which level of risk?Analyze the sources that may trigger problems. It is important to identify and analyze the sources that can cause a problem. ...
Act now. ...
Involve employees. ...
Make a list of industry-specific risks. ...
Create a record of risks. ...
Strategic risk. ...
Compliance risk. ...
Financial risk.

 

[shakky2]

to me i feel online stores are not risky in anyway but they are rather the safest because you can choose who to sell to and who not to sell too and nobody can have access to your foods without payment except if you decide to

 

[Erik4150]

Setting up an online store is not a high risk investment at all. I don't think setting it up cost a lot of money. You can get it done all by yourself or pay someone to do it for you. If you use it well you will make a lot profit from it.

 

[Abiodun omolayo]

The Truth is every business is associated with one risk or the other but talking on an online store it's not with greater risk I think, the only time is risky is when you have no experience or background knowledge before you venture into it

 

[BuchiBankz]

Fear of failure is an amazingly strong thing, and it keeps a lot of people from trying. And agreed – enjoying the process of building an eCommerce business is tremendously helpful, even if you’re not “in love” with what you’re selling!

 

[Mixi]

As with any other business idea, a successful ecommerce product can get its beginnings when you try to solve an actual, meaningful problem. You can get ideas from your own experiences, from talking with friends or neighbors or going online to see what challenges others are experiencing