5 eCommerce Investment Tips to Know in 2021
The world of investment is changing. Over the past year, we’ve watched the wild ride of cryptocurrencies as well as the Game Stop fiasco. All of that has impacted either ourselves or someone we know. Many of us wish we would have invested even a tiny amount of money into little-known bitcoin a decade ago. While hindsight is always 20/20, there are some eCommerce investment tips to know in 2021 that could help boost your portfolio.
As the world’s largest online retailer that has only gained steam after the 2020 COVID-19 pandemic, Amazon offers an excellent opportunity to investors who want to get in on the action.
Starting an eCommerce store on Amazon is a great way to partner with this eCommerce giant and watch your investment grow. Choosing to invest in a fully-managed Amazon store not only diversifies your portfolio but also has a proven success rate when done correctly. Learn more about these eCommerce investment tips to know in 2021.
1. Buy Amazon Stock
Another excellent eCommerce investment tip includes purchasing Amazon stock. Not only will this help your own Amazon store, but it also helps boost the company overall. Amazon stock has rallied over 450% over the past five years and is only due to keep growing. The pandemic changed how many of us purchase, and Amazon is a big reason why so many of us purchased needed (or wanted) items when retail stores were closed.
2. Invest in an Automated eCommerce Store
Investing in an Amazon store is a great way to earn income online. Choosing to automate your Amazon store with NextGen allows you to earn passive income instead of needing to worry about the daily ins and outs of the store itself. Self-service platforms will continue to rise in 2021, and NextGen is happy to help you set up a store that is the perfect fit for your portfolio. There is no need to figure out the seller account, maintenance, dropshipping, and legal issues as NextGen does it all for you.
3. Invest in Marketplaces
Consumers are savvy and don’t want to mess around browsing from store to store online. Instead, people would purchase from an online marketplace, like Amazon, Etsy, eBay, or Wayfair, that offers many different items from different stores or sellers. Not only does this help consumers get the best deal, but it also is a quick way to identify differences in products and options. These online marketplaces are a hot stock to buy in 2021 due to their marketplace shopping experience.
4. Dropshipping Changes the Game
Online purchases were originally a B2C exchange where businesses sold directly to consumers. However, dropshipping has changed the name of the game for online shopping. Direct to consumer (D2C) or direct to business (D2B) sales are through the roof thanks to dropshipping.
This practice allows a consumer to purchase something from your online Amazon store shipped directly from a third party to their door. It cuts down on inventory issues, and many manufacturers and third-party vendors see this as a win-win for everyone involved.
5. Hire an Ecommerce Manager
If your business already has a product and wants to move into the eCommerce sector, hiring an eCommerce manager is the only way to go. As more and more consumers choose to purchase products online, it makes sense to start selling your product online. Our world is automating rapidly, and the time is now to get your product online.
Hiring an eCommerce manager reduces your stress and overall workload as they handle inventory, logistics, and all of the headaches. If you want to take it a step further and take your business to the next level, have your store fully managed by experts while you enjoy the passive income.
How to Take the First Steps in Investing in eCommerce Automation
Take into consideration all of these eCommerce investment tips to know in 2021 to help your business portfolio grow. The coronavirus changed the world as we know it as well as the online world.
Investing online in 2021 is a great way to diversify your overall portfolio and make some serious money. Choosing to invest in an Amazon store managed by NextGen allows you to have a hands-off approach to your business. Not only does the expert team at NextGen know how to set up online stores, but we have a proven track record of other investors who are making passive income without the work.
When it comes to deciding what investment is right for you, there are probably many questions that come to mind. You may be wondering what the onboarding process is like or what the timeline is. We recommend that you schedule a free consultation with our team to learn more about the process and financing options that we offer. Learn more about how to start investing online by contacting NextGen Strategic Investments today!