Ecommerce is a multibillion-dollar industry that is a perfect option for would-be entrepreneurs. If you’ve been searching online for ways to make money on the side of your regular job, you might have repeatedly come across two words: ecommerce and dropshipping. But what exactly is ecommerce? You might think it’s too complicated to even want to give it a try, but it’s actually easier than you think once you get started.
There are countless stories of overnight entrepreneurs who have raked in significant profits because they identified an area of the market that was being underserved or in which there was strong commercial intent and demand. They struck gold by appealing to that need with their ecommerce products as a result of their painstaking research.
One such success story is Brook Hiddink. While attending his second year of law school at Queen’s University, Hiddink realized that traditional career paths weren’t fulfilling his entrepreneurial drive. He decided to try dropshipping and focused on selling premium, high-margin products through platforms like Shopify. His tenacity and determination paid off, generating over $4.6 million in revenue. Hiddink now shares his knowledge through Highticket.io, helping others achieve similar results.
Ecommerce simply means electronic commerce, and it refers to the trading of physical or digital goods via online platforms. Some people choose to sell on their own website or on social media platforms such as Facebook Marketplace, while others opt for using ecommerce sites or a combination of both. Ecommerce allows you to reach more customers than would ever be possible with a physical location only, making it a scalable and lucrative option for side hustles.
One of the greatest benefits of ecommerce is that it can be done completely online, allowing you to make money from the comfort of your home. The potential for global reach and exposure to multiple customers enables you to make unlimited money and even generate passive income. These factors make ecommerce very attractive as a side hustle.
In 2024, there are several high-paying ecommerce side hustles to consider, such as Amazon FBA, selling online courses, selling apps on app marketplaces, flipping websites and domains, dropshipping on other sites besides Amazon, selling handmade goods on Etsy, print-on-demand products, ecommerce consulting, affiliate marketing, and selling customized gift products.
Ecommerce offers many opportunities to bump up your salary, replace your job if you’re successful, and sell products that you are passionate about—all from the comfort of your home. Take time to carve out your niche, get to know your market inside out, and inject your unique background experience into your products. With dedication and research, you can be the next success story in the thriving ecommerce industry.
