Your number one priorty when start a business online or any business for that matter, should be to provide quality products and good service to your customer. You should only market the best products and services you can find. Adhere to these principles and you will reap the benefits in the long run.
What Should I Sell?
There are three areas of selling that I recommend when starting out. Digital Products, Affiliate Sales and using a Dropship company. You want to keep it as simplified as possible in the beginning. Also not everyone has a ton of money to spend on starting a business venture. When I first began selling online I didn't have a lot of money to work with. My advise to you is to sell something that will not require a huge investment such as digital products. Specifically ebooks, electronic books are a big seller online and you don't have to worry about stocking a large inventory. There is no packing or shipping and no trips the post office. The ease of deliverability is what makes selling digital products so great! This his how I started and I highly recommend it to anyone just starting out. There are many excellent ebooks that you can purchase the resell rights to. But remember to always adhere to your principles of providing the best for your customers.
Keep Your Start up Cost To a Minimum
Keep your cost low! You don't want to start out spending a bunch of your hard earned cash. If you do decide to sell tangible products I recommend using a Drop Shipping Company. There are many companies online that will drop ship merchandise directly to your customers for you. This method also eliminates the need for stocking inventory. Basically drop shipping works like this; When a customer makes a purchase you simply forward the order to your supplier/drop shipper, usually you would be required to pay for the merchandise at this time. Your customer has already paid you for the merchadise so there is no out-of-pocket cost to you. Your dropshipper then delivers the merchandise directly to your customer for you. Your part of the deal ends when you forward the order to your dropshipper. The dropshipper takes care of everything else, including returns. Choose your dropshipper wisely. Don't get yourself caught up in a business relationship with a company where you become dependent on the company only to find out later that they do not delivery on time. Start out slow, test the company with a few orders to see how they perform before you make them your main supplier.
There Is No Need To Own Your Own Product.
Affiliate sales is the most popular method of making money on the internet. There are numerous individuals and companies that will share in the wealth if you are willing to put in a little work and market their product. This is called affiliate sales or associate sales. You can earn commissions anywhere from 1% to 75% simply by selling someone else's product or service. There are several companies that handle the sales tracking and commission earnings. They will send you a check through the mail or deposit your earnings directly into your bank account, on a weekly, bi-weekly or monthly basis. Implement this method of selling properly and you could earn a substantial income.
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