You plan to start you own business and decide to sell your products online. After doing some market analysis, you decide a range of products to sell. Things just get started, there are many others factors to consider before you can start running your online business. After deciding what products you will sell, you are immediately faced with many challenges:
First: "Where to store my products? I want to sell my products online and operate my business from home. I do not have much storage space for inventory at home, should I need to rent a store or a warehouse for this purpose?"
Second: "Since I do not have a physical retail shop because I operate my business from home, are the suppliers willing to deal with me?"
Third: "Many suppliers and distributors have a minimum order requirement if I want to purchase at wholesales price, it may cost thousands of dollars, but I don't have that much of money, do I need to apply for a loan from bank to purchase them? What if these products not sell well, Will I tie up with debt for the money I owe to bank? Why should I tie it up in inventory?"
Fourth: "I will have to...
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