It is not a risky investment because you will not be keeping most of your product online as most of this product will be at home,any business you are comfortable of doing don't consider it as a risk just do it as long as you are confident in it and as long as it is illegal business.
Is Setting Up an Online Store a High-Risk Investment?
- Thread starter Mika
- Start date
During this time of pandemic? Setting up an online store is actually a brilliant idea as most of customers has shifted their buying behavior to online. But you have to have a good marketing plan so they would notice you against other online stores.
First of all there is not businesses that doesn't have it own high risk, one way our the other it will definitely have. but the guarantee is that if your store is well advertise and well known your profit will be more than your loss....
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If you have any marketable products, both physical or digital products. If yes, then you shouldn't be shy to create one if you have the necessary funds.
If people that they are setting up an online store are not making money,I don't think they will be more people doing it I guess. So it depends on the kind of product you are setting the online store for.
Setting up an online store is not a higher risk investment it is a good form of investment but as a business investor you must have these at the back of your mind that there is no business that does not involve risks
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This would depend largely on the type of store and how perishable the goods are. If you are selling your pun products then it can be high risk but if not then you can term it low risk.
I don't think it is such a high risk investment especially for the owner of the shop, but for the customers it could be.
If you have the wherewithal to set up one I encourage you to go ahead and do it, advantage of the kind of shop is the ease to run and manage the shop and the relative low cost of maintenance as compared to a physical shop.
Any business you want to venture into is a high-risk investment, setting up an online store is definitely 50/50 depending on how you operate it could turn out to be a huge success or vice versa. I trust that you will make the best decision.
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The answer is Yes and No. All kinds of investments has a certain risk factor. INvestment itself is risky business. Thus, investing in an online store can be risky investment
Yes, there are many types of stores and the type of goods will also be the determining factor of the ease or difficulty when it comes to the operation. Take for instance a food and beverage online store that deals with perishable good. When you deliver spoiled food to a customer then it is a disaster.
You will have to spend a lot of money to build your store and you also need a lot of money to build your inventory. You need to spend a lot of money on marketing.
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I think that there is still a lot of risk involved. This is because you have to buy products in advance so that you can deliver the good to customers on time. You must update your stock and make sure products are already available. This means you need to buy products before any customer shows interest or order the product. What if a few customers are interested in your products? This means you would have to suffer from loss.
- Thread starter
- #154
You might have to spend over $500 before you can generate your first sales, or perhaps you may never earn any penny. I have read about many horror stories from store owners.
Every business that you do not have enough or requisite idea on it a high-risk investment if you have good knowledge on online store I don't think it is a high risk investment.
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If you mean the proper operation of the business with the marketing to gain customers then I would agree. There is always a risk in business whether offline or online but if you have made a research then the risks will be lessened.
Every business you see has some level mod risk involve. Wether it is a small scale buisness or large scale one, it has its own risks and online business set up isn't exempted from shearing in the risk
It may be or not be, but you may establish an online business with the appropriate business and marketing tactics. You may receive a lot of benefits from online shopping if you use your internet for marketing techniques.
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I don't think that is a hight risk investment. Most if not all online stores are pay before delivery so you are sure of Your money. But every business is a risk. That's one fact you shouldn't take away
Tho it is common fact that every business has it own set of risks involved, but i dont think starting up an online store can be classified as high risk investment. Your major issue would be getting good traffic to your site and once you are able to tackle this, then you are good to go.
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