Online shopping is the activity of buying or selling goods over internet, and it is known as form of ecommerce. When it comes to luxury shopping people generally do not tend to sell or buy goods online and opt for personalized customer services so selling online is for middle and lower range goods. But in recent years thinking have changed and success in online shopping have increased a lot and now people even buy and sell luxury goods online with discounted or undiscounted price. According to research on luxury industry conducted by a foundation, they have seen the companies are getting recognized and some are successfully capitalizing and also notices an increase of over all sales by 2 percent in ecommerce portals. Selling your goods online is advantage as there are some million online shoppers and will be increasing more by end of this year. I decided to sell my Rolex here but before you start selling goods online you need to calculate the costs involved in selling such as shipping cost, packing cost, payment gateway cost, storage cost, marketing cost. By calculating all the costs involved we can calculate profit margin and sell online if it is profitable, if it is negative you should minimize the costs. After passing the profit test you need to prepare the catalogue of product you wanted to sell online and update in ecommerce portal and you should have a clear by making a simple checklist for doing quality checks, packing, and invoice. Use good management software for goods, and most important thing is being discoverable online as customer check the reviews before buying products so it is important to have online presence in form of official website, social media accounts or in any other channel.…