Prompt selling business

Business Scope : 📔

Based on trends until 2021, the scope for prompt selling (which I interpret as selling items rapidly, perhaps with a focus on instant delivery or immediate services) continues to grow. Customers are increasingly valuing speed, convenience, and efficiency, all of which are components of prompt selling.

This is especially significant in sectors like e-commerce, food delivery, digital products, and services.

Furthermore, the growth of technologies like AI, machine learning, and data analytics will enable more personalised and efficient selling strategies. However, it’s essential to stay updated with the latest trends, regulations, and market conditions.

Services and Products : 🛒

Although I can’t predict specific products or services for 2023, some areas that are generally suitable for prompt selling include:

1. E-books and digital courses: These can be sold and delivered instantly.
2. Software as a Service (SaaS) products: These could be sold on a subscription basis with immediate access.
3. On-demand delivery services: This could include food, groceries, or other commodities.
4. Online coaching or consulting: Services could be delivered virtually and scheduled quickly.

Digital goods, like music, stock photos, or design templates.

Competitor : 🎁

Here are some examples of companies that capitalized on prompt selling up until 2021:

1. Amazon: A leading e-commerce platform that has prioritized prompt selling and delivery.
2. UberEats, DoorDash: These food delivery apps are examples of prompt selling in the food industry.
3. Shopify: A platform that allows businesses to set up their online stores swiftly.
4. Canva, Shutterstock: They sell digital goods (design templates, stock photos) promptly.

Startup Investment : 💰

The cost of starting a prompt selling business varies greatly depending on the specific business model, industry, location, and scale. In the digital sphere, starting costs can be relatively low – from a few hundred to a few thousand dollars, covering website setup, initial inventory (if applicable), and marketing. For physical products or extensive services, the cost could go up to several thousands or even millions of dollars.

Platforms:

Some platforms you might consider include:

1. E-commerce: Amazon, eBay, Etsy, Shopify.
2. Digital Products: Gumroad, Teachable, Udemy.
3. Freelance Services: Fiverr, Upwork.
4. Food Delivery: UberEats, Grubhub.

Resources : 🔗

Here are some general resources that were available until 2021:

• • Shopify Blog: Offers advice on e-commerce and selling products online.
  • Coursera / Udemy: Provide online courses on digital marketing, sales, and entrepreneurship.
  • Fiverr / Upwork Blog: Give insights into freelance service marketing.
  • Amazon Seller Central and eBay Seller Center: Provide resources for sellers on these platforms.