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3.1 Online retail
ОглавлениеOnline pet boutiques are a modern trend that is beginning to dominate the industry. These businesses are versatile, convenient, and trendy, which make them a popular choice for many would-be business owners. Online businesses are also typically less expensive to run in terms of overhead costs, start-up costs, and the nonexistence of the legal liability of signing a rental lease or purchasing a building associated with storefront businesses.
Overhead costs for online businesses range from $1,200 to $20,000 (USD or CAD). Some websites claim to be able to help you start an online business for less than $1,000, but there are always conditions, so do your research. Check references, look up the business on the Better Business Bureau website, and ask for recommendations of others as you don’t want to have to pay for any aspect of your new pet business twice.
Start-up costs associated with this type of business can include ordering the product you wish to sell, setting up an online payment system, computer, high-speed Internet connection and modem, business license, specialized packaging for your products, and office supplies.
Online retail businesses are a popular option for entrepreneurs with low funds or for those who wish to avoid high risks. What’s more, online retail is a great business to run as a home-based or part-time entrepreneur because it offers flexibility on the time commitment needed. It can be a fantastic outlet for your creative talent or hobby. It is also a great platform to target national and international markets right from the start.