If you run an online store, you may wonder why you would need to purchase your own packaging supplies. A NewPack is the best online store for your E-commerce packaging business. After all, the goods you sell can come directly from the manufacturer, so you don’t need any extra stocking. However, there are several good reasons why purchasing your own products is the sensible and smart choice. To help you decide whether it’s the best option for you, consider the main benefits below:

Why online marketplaces can be catalysts for SME growth

o Shipping costs – The best part about shopping online is that you don’t have to pay for costly shipping charges. That’s great if you want to make some quick money, but don’t want to invest in additional stock. When you have your products delivered by a reputable shipping company, you can enjoy a large savings on the value of your investment. In fact, you may even be able to make money by choosing to drop shipping and receive even lower shipping costs.

o No sales tax – In most countries, sales tax is charged when you make a local purchase, regardless of where you purchased the products. For online stores, however, this isn’t usually the case. So, buying items in one country and shipping them to another country is often a very attractive option. Many online shops offer free or low cost shipping. All you have to do is make sure that you calculate your shipping costs against the value of the products, and you will quickly see how much you can save.

o No rent – Most people would agree that it’s nicer to pay less for a product, but this is even more valid when you have no need for it. When you have an online shop, you are able to reduce the cost of your inventory by not having to keep so many products on hand. Instead, when you ship something, you simply pay for the shipping and handling charges. In addition, when you have an online shop, it’s not necessary to have a warehouse full of products waiting for your orders. The company providing your online shop with packaging supplies will take care of storing your stock and shipping it out to your customers.

o No employees – When you have an online shop, you don’t have a sales staff to answer the phones or deal with the customers. Therefore, your time is your most valuable asset. If you have to spend your time waiting for your phone to ring, or dealing with customer complaints, then it’s likely that you won’t be as successful as you want to be. That’s why it’s much better to have your online shop powered by an efficient online shopping cart system, so all your customers can buy right away.

There are many advantages to having your own online shop. However, like any business venture, there are also some disadvantages. For example, if you’re just starting out, you may be tempted to buy too many items at once. It’s a good idea to start out with a limited number of items and to gradually increase the size of your inventory. In order to keep your overhead costs down, it’s important that you carefully plan out what your budget will allow you to purchase and where you will buy it from.