How Much Money Do You Need to Create an Online Store?

[nomad]

The cost of building an online store depends on the platform you are using. If you want to use online marketplaces like Amazon, it is completely free. If you want to use Etsy, you pay very small listing fees. However, if you want to use something like Shopify or Wix, you will have to pay about $30 per month. INterestingly, you can keep the cost low by using open source platforms like woocommerce and Magento

 

[IB D]

If I would want to start an online store, I would start with free platforms like Amazon. There are other local marketplaces in my place like Jumia with whom you would need to pay just $5 a month to get a listing.

 

[flower]

To create an online store, you need substantial amount of money but if you're lucky, you can display some other people's product and you will make money from it as well.

 

[Rubz]

Like you said it depends on the platform one is using. There are some platforms that charge little for an online store, some charge a lot and others do not even charge anything.

 

[Stardom22]

Creation of the online businesses is indeed very expensive for that matter. It needs very much amounts of money.

 

[nomad]

If I would want to start an online store, I would start with free platforms like Amazon. There are other local marketplaces in my place like Jumia with whom you would need to pay just $5 a month to get a listing.

That's a great strategy. There is no guarantee that your business will become profitable, therefore, starting low cost is a better idea

 

[Ofonime]

For me I have no much knowledge about how to operate an online store you will need money and someone who can guide you through so definitely you need some money to make good amount of money through online store

 

[Shavkat]

It depends on your startup capital. Sometimes you can have sample products from your potential suppliers and post them in your online store. If there are some orders, then you can avail from them right away.