How to become an eCommerce millionaire
Ecommerce is expanding rapidly, and if you want to become part of it you can. Today you can open an ecommerce store online without owning any stock and at the cost of just a few dollars. We would say pounds, but on the internet most things are priced in US dollars: pounds are only used if you are restricted to selling in the UK, and why would anyone do that when the whole world is your oyster? In any case, the conversion is simple enough. With the pound at its’ present level a dollar is worth roughly 75 pence, so if you sell something for $100 you just earned £75. Twenty or thirty years ago if you wanted to open a store it would be bricks and mortar and you needed a small fortune to open for business. Today, you can be sitting in your attic or cellar or garage and start off with less than £50. You don’t even need stock, because you can undertake what is known as dropshipping. This is where you advertise items in your online store which you haven’t bough...
