Online Selling is the “New Normal”
Hey Honcho! We are very happy that you’re here, reading our very first blog! Isn’t this exciting? We’ve come a long way in growing our business together. But of course, we are all hungry to learn more especially now as we transition into the so-called “new normal” of the world because of the pandemic.
For our first topic, let’s dive in to the subject which affected us all: the coronavirus pandemic. Remember when we were all positive and giddy to welcome 2020 as the year where will all achieve our personal and business goals? Well, guess what? It’s halfway through the year yet we are all stuck in our own homes, trying our very best to wash our hands ever so often, and striving to keep ourselves and our businesses alive.
As you may already know, traditional retail establishments are currently not allowed to operate due to social distancing measures and because only essential services are allowed. But do you know what’s thriving right now? Online businesses! They are booming! Business owners are now venturing into online selling platforms because they are easy to use and attracts a lot of customers. You don’t need to have a physical store, just by that reason alone you are already defying social distancing rules! This is a great way to start our very own business because you only need a little bit of capital for setting up your store, running ad campaigns, and voila! Customers will be on your way in no time.
Ironic, right? We are in the middle of a global pandemic, yet people still has time and money to spend. But that’s no surprise, people are trapped in their homes with nothing to do but binge-watch their favorite Netflix shows, lounge around all day, and yes, stick their noses into their phones. This is the very reason why consumerism isn’t dying even in the midst of a global pandemic. You can place purchases in just a few swipes and clicks. Everything is now automated and you can easily buy your necessities in just a snap.
Ready to jump on the “new normal”? You should be!
Here are 3 reasons why Online Selling will be the New Normal.
1. Online selling platforms are easier to use than before.
You know Amazon and eBay right? Of course. Chances are you’ve already bought a household item there, or you can be a seller on said platforms. Gone are the days when online selling is only for the rich and smart people. Before, you have to manually code to establish your online store. Also, not many entrepreneurs can create their online stores from scratch because you have to be knowledgeable in website development, domain acquisition, payment integration, and many more.
Now, there are platforms such as Amazon, Shopify, Poshmark, and so much more where you can easily creation your very own online store just by a few simple steps. Themes and templates are also available so you can effortlessly customize the interface of your store depending on your product’s niche and target market. Everything is laid out for you, you only need to follow the steps indicated and you’re on your way to becoming a successful online seller!
2. You can sell almost anything!
Have old clothes that you want to get rid of? Sell them online! Sky is the limits when it comes to the products that you can sell online. On Shopify or example, niche products such as pet accessories and reusable utensils are being sold which targets their respective niche markets. Partnering this to a powerful online advertising campaign is an effective way to ensure that your product listing will be shown to people that you want to convert into buyers.
Online selling also opened the doors for old inventory of department stores to be sold to final customers. By this, we go to our final reason.
3. Source inventory at a low price.
This is where liquidation companies such as Honcho Wholesale comes in. Liquidation companies generally buys overstock from retailers in the hopes of getting them at a very low price. According to Shopify, “Liquidation generally refers to the process of selling off a company’s inventory, typically at a big discount, to generate cash. In most cases, a liquidation sale is a precursor to a business closing. Once all the assets have been sold, the business is shut down.” Liquidation companies take advantage of this opportunity by sourcing pallets at a discounted price, and then selling them to resellers (like you!) at a reasonable, yet low price.
Us at Honcho Wholesale is dedicated to providing a high quality wholesale selection to online re-sellers. Everything we do is to create transparency. We like to keep everything as honest and straight forward as possible. Our unboxings, manifests, photos, and customer service are held to a high standard for accuracy.