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You can sell products as well as services, however, the question is what is more profitable and easy to manage. Do you think you can make more money by selling products or selling services through your online business?
Selling services is way better, you can hire other people to do it for you which is known as outsourcing, you can also sell your scale your services easily by just opening up to new markets but with products you have to deal with shipping, storage, products damages and returns from buyers. It's alsoRead more
Selling services is way better, you can hire other people to do it for you which is known as outsourcing, you can also sell your scale your services easily by just opening up to new markets but with products you have to deal with shipping, storage, products damages and returns from buyers.
It’s also more expensive to run a product business, services on the hand are pretty mobile, they offer more freedom, you can travel anywhere and offer your skill, which is quite different with products.
See lessI think both are win-win, but I prefer to sell products over services. This is because to sell products we only need to stock up on products that meet market demand, while selling services requires a large number of paid workers. Stocking a lot of products is easier for me than having a lot of emploRead more
I think both are win-win, but I prefer to sell products over services. This is because to sell products we only need to stock up on products that meet market demand, while selling services requires a large number of paid workers. Stocking a lot of products is easier for me than having a lot of employees. Because it is not easy to find employees who are trustworthy and can work well with us. Selling services also has limited time and effort and it is difficult to meet high market demand.
See lessBoth selling products and services have their pros and cons, so it really depends on what fits you best. Selling products can scale well and bring in passive income once set up, but it often needs upfront costs for inventory and shipping. Selling services usually requires less money to start and letRead more
Both selling products and services have their pros and cons, so it really depends on what fits you best. Selling products can scale well and bring in passive income once set up, but it often needs upfront costs for inventory and shipping. Selling services usually requires less money to start and lets you charge higher rates for your expertise, but it can be harder to scale since your time is limited. If you want flexibility and lower risk, services might be easier to manage. If you want to grow bigger and don’t mind the extra work, products could be more profitable long-term.
See lessSpelling products and selling a particular service are two good models one can adopt which can be very lucrative, as for which is better, i doubt one is better than the other because both have their advantages and as well as their disadvantages. It mainly depends on individual preference, and whichRead more
Spelling products and selling a particular service are two good models one can adopt which can be very lucrative, as for which is better, i doubt one is better than the other because both have their advantages and as well as their disadvantages. It mainly depends on individual preference, and which you think would be best for you. Most people even go for both.
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