Developing an eCommerce business from home could save you a great deal of money in the beginning. As you are already paying for the overhead of your house, the only large expense you should have is your purchase of inventory. Everything else is relatively cheap. Even the website itself shouldn’t cost you…
It’s on! There’s a race to create a marketplace for direct sale and purchase of digital products. Two companies have sprinted ahead, Sellfy and Gumroad. The stakes raised considerably with the news that two Skype alumni–Toivo Annus (co-founder and technical lead) and Sten Tamkivi (head of Skype’s Estonia office) have made angel investments in Sellfy. Sorry, no figures. The Latvian startup has kept tight-lipped. Co-founder and CEO Maris Dagis claims the company has been doubling its monthly revenue of late, which helped attract additional investments.
Online sales transactions can be a risky proposition if you’re not dealing with an established company. Every time you give out your financial information to someone you do not know you run a very high risk of being defrauded. If you are a small startup the majority of your transactions are probably made online so making sure every transaction is safe and secure is vital. One way of protecting your high end purchases is by using companies that provide escrow.
