Sell e-Goods or Hard Goods
A great way to gain financial freedom is to create an online store and sell products online. Selling products online can have major advantages for businesses, leading to increased profitability and lower costs.
This is firstly because your products could be bought worldwide, not only by the people in your town and secondly, you don't have to pay for a rent.
Successful online store owners usually earn over $1,000/day so building an online store could be a wise idea.
Things you should think of before creating an online store
Select the category of products you want to sell
First of all you have to decide upon the category of products you want to sell. Of course, you can create an online store like eBay or Amazon (selling products from different categories) but in this case the competition would be much bigger.
So, it would be great if you could decide upon a specific category of products instead of selling everything from "chocolate" to "fishing rods" or "shoes".
The cost of creating an online store
Basically the cost of creating an online store is the cost of the web host (which will offer you the space and the tools you need for building your online store).
When choosing the web host for your online store you have to assure it offers unlimited disk space and unlimited monthly traffic as well as a built-in shopping cart (so that you can receive orders).
A cheap web hosting plan that offers all these costs about $4-5/month. So, these days the costs of creating an online store are so reasonable.
For a step-by-step tutorial on creating an online store read my article How to Build an Online Store or my blog post How to Create an Online Store in Less than 5 Minutes.