Can You Become Rich By Selling Online

[Mika]

There are different ways to sell online, you can sell products or services. You can from your own store, eCommerce marketplaces, freelance marketplaces, and even social media. Some of these selling methods are free, whereas some methods require some investment. When you are selling from your own store you keep entire profits, however, when you are selling from a third-party store, you pay commissions.

By the way, how much money can you make by selling online? Can you actually become rich by selling online?

This question cannot be simply answered with YES or NO! The answer depends on a lot of things.

Research: You need the ability to research the market, product niches, competitors, etc.

SEO: You need to do SEO on your store and product page.

Designing and manufacturing: You need skills to design and create products.,

Marketing: Selling is directly linked with marketing, you need marketing skills to sell online.

Money: Some online selling methods are free to use but you still need money to run ads.

 

[HeavLeighGill]

Totally agree. I think the platform is there. One thing I've noticed lately is that paying for advertising seems to make a difference.

 

[Jasmine]

Jeff Bezos became world's richest man (currently, world's second richest man) by selling online. Jack Ma, the owner of Alibaba and Aliexpress became one of the richest Asians by selling online. So, technically speaking, you can become rich by selling online. However, this does not mean everyone who starts selling online will become rich. In order to become rich by selling online, you need to create products that can go viral, you need to create a business that will grow very big. Is that possible? Maybe 20 years ago, you could have easily built a big online business, but currently there is a lot of competition and it is very difficult to survive the competition. Having said that earning moderate amount by selling online is absolutely possible for every one provided you have skills and expertise in various areas including SEO and Digital Marketing. You will have to work hard.