My Blog

My WordPress Blog

Uncategorized

Find the Right Products to Sell on the Internet!

One of the most common questions I am asked is “What do I sell on the internet?”

 

Well, the answer depends a lot on your personality and HOW you want to sell. In other words, the first question should not be “what sells well on the internet”, but “what method of selling am I most comfortable with?”

There are essentially three ways to sell products on the internet. Let’s look at each method and the see the advantages and disadvantages of each.

First Method: Buy Wholesale and Sell Retail

https://www.aloeveraproductsshop.eu/

This method is as old as human history. Find a product your niche wants, locate a wholesale source for that product, set up your online home business, advertise the product on your web site and ship the product to your customer.

 

Advantages:

1. You maintain complete control over the sales and delivery process.

You decide how much to mark up the wholesale price, not someone else. You also have control over when the item is shipped to your customer, not someone else halfway across the country!

2. You can shop around for the best wholesale price.

3. You can recommend your other products when someone purchases your product.

 

Disadvantages:

1. You will end up shipping packages everyday.

2. You will have to pay upfront for inventory and have a place to store it in your home.

3. Since others will be selling the same thing you are, you must be able to out-market your competition.

Second Method: Recommend Products for a Commission

This is also called affiliate marketing. You recommend someone else’s product using a special hyper-link called an affiliate link. When your visitor clicks on that link, the visitor is taken to the other person’s product page, but a cookie tracks the link to you. If a sale results, you get a commission. There is a lot of affiliate marketing information online.

Commissions can range from 5% of an order for camping gear to 50% of an information product priced at $1500! Affiliate marketing works for physical products, services, ebooks and anything else under the sun.

The key is finding product owners that see the value in sharing a percentage of the sale with those willing to be volunteer sales people for their product. Product owners that see the value of residual income with an online business.

Advantages:

1. You do not have to ship the product – the owner of the product takes care of that. In fact, the owner of the product creates the sales page, collects the money, ships the product and handles the questions and refunds.