Shopify:
Shopify is currently one of the world's most popular publicly traded e-commerce platforms. With a market value of $80 billion, Shopify makes it easy for first-time entrepreneurs to establish online stores, providing everything from web design to payment processing and inventory management. Even if you lack a clear direction, Shopify offers numerous default layout options for you to choose from. You can also design your own layout with great flexibility, making it an excellent choice for many first-time entrepreneurs or solo ventures.
- High-quality default store layouts
- Customizable designs
- Automatic analysis of customer spending data to help understand consumer preferences
- Easy payment processing and inventory management
Shopify currently offers a 3-day free trial, and the basic plan costs $33 USD per month thereafter. It provides monthly reports for a clear overview of all sales data. The basic plan allows for up to two administrator accounts, which is sufficient for solo entrepreneurs. However, if your products are not physical goods or if you don't require extensive inventory management at the beginning, Shopify's inventory management or data analysis features may not be the most suitable for your needs.
Instagram:
Instagram, which used to be predominantly focused on showcasing photos and videos, has evolved in recent years. Many online stores now choose to establish their presence on Instagram, given its diverse functionalities. With a multitude of Instagram shops available, you can refer to those similar to your business to find inspiration. Instagram is a low-threshold platform, making it a great choice for entrepreneurs with smaller budgets and operational scales. Even if you lack direction when starting a business or if you're a middle-aged individual looking to start a business, you don't need to invest too much money in Instagram. However, Instagram has limitations compared to other online store platforms, particularly in payment processing, product catalogs, and layout design, as it originated as a social media platform. Despite being free to use, successful promotion often requires advertising expenses, as Instagram has limitations in search engine visibility, with search engines tending to overlook social media posts in SEO.
YouTube:
Being a YouTuber is considered a dream job for the current younger generation. YouTube offers all users the ability to share videos, and once you reach a certain number of subscriptions and watch hours, you can start earning revenue. For many young people, or even teenagers, sharing their daily lives or showcasing their skills can be an easy way to generate income. YouTube is an easy platform for young entrepreneurs to start with.
- No platform fees
- Large viewership
- Low barriers to entry
- Almost no actual costs, with significant leverage for income
While YouTube can bring in substantial revenue, building a loyal audience is not easy. If your video content is dull or uninteresting, you might waste your efforts. Although creating and sharing a video doesn't necessarily require monetary investment, video editing and filming processes can be time-consuming. Many people continue uploading videos for years, but the views and watch hours may not be enough to enable revenue features. Additionally, coming up with video topics full-time isn't easy. Therefore, if you're serious about entrepreneurship, or if you're a middle-aged individual starting a business and aren't familiar with the entertainment needs of young people, YouTube may not be the best choice for you.
Kickstarter:
Kickstarter is a crowdfunding platform that allows entrepreneurs to turn their business ideas into projects and raise funds from people worldwide. Kickstarter accepts various types of product models, including products like food, kitchenware, electronics, or artistic creations such as films, music, and comics. It is one of the most diversified entrepreneurial platforms. Kickstarter is a results-oriented entrepreneurial platform; if your product has significant appeal, you can raise a large amount of funds, taking your business to the next level.
- Diverse product formats
- Ability to raise large amounts of funds
While Kickstarter is rapid in fundraising, it may be a burden for first-time entrepreneurs. Many companies have raised millions of dollars but failed to sustain themselves. Issues such as product quality management, administrative inadequacy, or being preempted by large companies in the market contribute to the challenges. For those starting a business for the first time, lacking a clear business direction, or not knowing how to start a business, Kickstarter can be a significant burden. On the contrary, if you have prior entrepreneurial experience, understand the nuances of entrepreneurship, have experience working for large companies, and have confidence in your business project with a clear blueprint, Kickstarter can be an excellent choice.
RakoSell:
Combining the strengths of Shopify, Instagram, YouTube, and Kickstarter, RakoSell is an emerging online entrepreneurial platform. RakoSell allows you to easily create a page and a member community dedicated to creators, enabling you to share various information with your members.
- Convenient payment management features similar to Shopify
- Supports Instagram's image and video sharing and member interaction features
- No minimum watch time required to unlock member subscription functionality
- Offers a concept similar to Kickstarter's reward system, accepting any form of product
- The basic entry plan of RakoSell is completely free, providing access to 80% of the full features. For first-time entrepreneurs, RakoSell is a burden-free and comprehensive entrepreneurial platform
For any questions or inquiries, feel free to contact us via Facebook. Use the limited-time promo code 'freetrial886' now to enjoy one month free on the Rakosell Advanced Plan. Unlock unrestricted access to all Rakosell membership platform features.