Ready to start a side hustle selling online? Entrepreneurs looking to sell online have a lot of options on where or how they sell their products. The top platforms to start off when selling your products online are Amazon and Etsy. They have some of the largest customer bases and make starting your side hustle so easy. Which platform is right for you? Well, there are a few things to consider before selling on Amazon or Etsy. Our Infographic will walk you through the pros and cons of each platform and how to start your side hustle.
Key Differences Between Amazon and Etsy.
The first thing to take into account is that platforms will be taking a cut of your profits in return for allowing you to list your product for sale on their website. The business model of your side hustle using these platforms will be selling products via online retail. The product that you sell on each platform will vary.
Etsy tends to be a crafty, creative space where you can sell unique, handmade craft products. While Amazon, tends to be better for individuals looking to sell any type of retail inventory, and customers aren’t expecting their products to be made from scratch.
How To Start Your Amazon or Etsy Side Hustle.
- Draft a business plan and commit to following it.
- Understand your finances and determine how you will finance your side hustle.
- Plan ahead for taxes.
- Determine how you’ll manage your money.
- Implement a marketing plan.
There are also plenty of business resources available to guide you as you launch your online business.
Use our infographic to help you launch your next side hustle.