How Do You Sell Online?
So you want to set up your own online business and you’re thinking: What Can I Sell Online? Your new marketplace, the internet, is growing at unparalleled rate with almost 40% of the world population having online access. And that is increasing by the day.
There’s a big market out there for those of us with the entrepreneurial spirit to start their own internet business. The increase of trade being transferred from traditional offline businesses to the internet has created incredible online business opportunities.
What Can I Sell Online?
The internet has become more than a medium to communicate, entertain, educate and research. It has become a huge worldwide marketplace where people buy and sell online at every hour of every day. The first place to start for your own online business is to decide what you are going to sell online. The good news for online business entrepreneurs is that you can sell both physical and digital products.
Non-perishable items like computers, books, consumer electronics and magazine subscriptions are popular items to sell online. The best way to sell online is to offer products that take advantage of the convenience of the internet. Remember that convenience is the primary reason why consumers buy online in the first place because people can shop at any time or day on the internet. They can avoid the frustration and inconvenience of crowded stores, waiting to be served, queuing to pay and poorly trained sales clerks.
When it comes to physical products, the easiest places to sell online is an affiliate of an established online retailer, such as Amazon. You do not have to worry stocking the item, organising the delivery or sorting out any returns or any other customer queries. When you sell a product via your own affiliate link, you will get paid a commission. Generally to sell physical products online your product price point needs to be between $100 to $500. Any lower than $100 will yield a commission payment that is too low and anything over $500 will be challenging as you may not have sufficient trust from your customer.
Do bear in mind that the main consideration for physical products sold online is the cost of shipping and delivery. High shipping costs are the primary reason that discourages people from buying online more than any other single reason.
Many online experts consider digital products the best products to sell online. This is because they are delivered instantly to the customer by way of a download to their computer. There is no delivery charges or waiting time. For example, when you buy audio or video products online you can listen to and watch them immediately. There are many digital affiliate programs at Clickbank. It is free to join and has thousands of digital products to suit many different markets and audiences. Digital products can pay as much as 100% commission and successful affiliates can earn thousands from just one sale with high quality membership and training programs.
As an online merchant, you have to work out the advantages as well as disadvantages of selling either physical or digital products. However the real growth is coming from digital products and services. Nevertheless, as with any business, the products or services that you sell online need to be carefully considered so that your total sales costs are not more that your actual profit. An online business is just like any other business and to succeed you do need to learn how to do it properly.
Learn How to Sell Online Like A Pro
Success in business is mostly about marketing, especially online. Great marketing can sell an average product but poor marketing cannot sell a great product. To learn more about marketing and how to successfully sell online, check out this FREE 7 Day Online Business Training Course.