Can You Start an Ecommerce Business with No Money?

Can You Start an Ecommerce Business with No Money?

CAN YOU START AN ONLINE RETAIL BUSINESS WITH NO MONEY?

Blake: Question number two another from Quora, this person’s asking

Question: Can you open a thrift store with little money?

So this is more from the more entrepreneurial minded I like it.

John Max: Yeah, yeah, so like I think the concept of a thrift store has to be liquid here and what I mean by that and it’s the reason that I pick this question is right here. I mean literally Gary V talked about it in the breakfast club about the two hundred and seventeen-foot challenge, which is taking stuff from your house or taking stuff that’s free on Craigslist and flipping it for a dollar and this is just pure hustle. So yes, takes take stuff and understand what it costs on Amazon, E-bay and can you arbitrage against Facebook marketplace let go different communities you can then sell something on. So it’s as simple as going in find something that you can sell hopefully get it for free and then flip it for a buck and then repeating that process.

Blake: And realize too that you don’t need to set up a pop up shop, you don’t need a Shopify store for this like. You can do this on the backs of other platforms that already have traffic like Craigslist, E-bay, Amazon, Let go, other apps like Facebook marketplace, I mean literally anything that you can transact in arbitrage sales is where you want to go there but good luck with it.

Written by
John James, M.D. is the CEO of Engine, a modern cloud-hosted ecommerce platform. I paid for medical school with an ecommerce business I founded in my dorm room over twenty years ago, and eventually raised over $100 million in venture capital running Acumen Brands. Email me -- john at enginecommerce dot com.