There are millions of entrepreneurs that make hundreds of thousands of dollars by running a business from the comfort of their own home. Plus the amount of online businesses is expected to triple within the next ten years. This is because you can start an E-business with very little start up or running costs. There are many different types of businesses that are run online; however the most prevalent are retail e-stores.

E-stores are stores that are primarily run online. This allows for minimal overhead costs since there is not a need for actual physical address. E-stores typically carry little to no inventory as they use a method known as drop shipping. Drop shipping is when a wholesaler will sell their merchandise one unit at a time to retailers which allow the retailers to sell the item before it is ordered from the wholesaler. Drop shipping eliminates the need of warehouse or stock room. It also allows retailers to sell a very wide range of products without the risk of slow moving merchandise or merchandise that does not sell.

Opening an e-store is fairly simple which are why there are so many people that have done so. You do need a valid tax ID and business license which can be online spiele obtained from your county clerk’s office. You would need minimum start up costs of anywhere from $5,000 - $15,000 depending on how advanced you want your website. You would also need decent credit to establish a merchant account. If your credit is less than desirable then you can start with using PayPal or Google Checkout until you can find a merchant account that will approve your business.