How to Buy and Sell in South Africa Without Inventory
What does buying and selling online mean?
Buying and selling online, also known as e-commerce (electronic commerce), online trading or online shopping, refers to the process of buying and selling products or services online without requiring customers to visit you, in person, to complete the transaction.
What are the types of e-commerce?
1. Business-to-Business (B2B)
2. Business-to-Consumer (B2C)
3. Consumer-to-Consumer (C2C)
4. Consumer-to-Business (C2B).
5. Business-to-Administration (B2A)
6. Consumer-to-Administration (C2A)
What is an inventory?
Inventory is the term used to describe all the products, materials, goods, and merchandise that a company has on hand and plans to sell them in the market to earn a profit.
What are the types of inventory?
1. Raw Materials.
2. Work in Progress (WIP).
3. Finished Goods.
4. Maintenance, Repair, and Operating (MRO) Supplies.
What are the pros of selling online without inventory?
1. Limited overhead costs.
2. Lower Insurance Premiums.
3. It saves small business owners time.
4. Ideal strategy for Start-Ups.
What are the cons of selling online without inventory?
1. Low-profit margins.
2. Expensive return inventory.
3. Lack of control over management of inventory.
How to buy and sell in South Africa without inventory?
A person can buy and sell in South Africa without inventory by undertaking the following businesses:
1. Drop shipping.
2. Affiliate store.
3. Print on demand.
4. Digital products and services.
5. Fulfillment by Amazon.
How can I start an ecommerce business?
1. Research and validate your business idea in order to recognise what product is likely to sell.
2. Purchase products or outsource them from reliable suppliers.
3. Select channels of sales to link products with customers.
4. Set up an online store and list your products.
5. Market and advertise products to raise sales.
What products sells fast in South Africa?
1. Laptops
2. Phones and Phone Accessories
3. Tablets
4. Smart Watches
5. Shoes
6. Jewelry
7. Headphones
