Tuesday, September 15, 2009

Making Money Online for Rookies

The are many ways to make money online these days. Some tell you create an online store selling the latest most popular products. Others tell you to find a cheap wholesaler and sell products on eBay. Then there are some who say why sell physical products when you can sell digital products and save on shipping costs. All three ways are good ways of making money from home but it can get confusing in choosing the right one which is right for you as a beginner.

1) Online Store
In an online store you would setup a website which is filled with the latest popular products, like iPods, iPhones, Nintendo Wii systems and accessories etc. You would first have to first find a cheap wholesaler who can provide you with these products for cheap prices so you can sell it for profit. Then you need setup the website listing the products which is integrated with some sort of credit card payment system. Pros: Physical products that are already popular are easy to sell. Cons: Profit margin can be very low, setup can be tricky for a newbie.


2) Selling On eBay:
To sell physical products on eBay you again need to pick a popular product and look for a wholesaler selling it for cheap prices. You then open an eBay account which is free and list your product(s) for sale. You can even create an eBay store very easily. eBay handles all the payments with its Paypal payment processor. Pros: Newbie friendly, no website setup required, no payment processor setup required, easy to use eBay listing features and customer services. Put your listing in front of millions of eBay members. Cons: eBay fees can be lot.

3) Selling Digital Products
What are digital products? Digital products are referred to products like eBooks (books you read on your computer), software etc. What you can do is write your own eBook, something like a “how to” guide about anything you like or create a software product and sell it on your website. If you don’t want to create your own

you can get digital products with resale rights as well. Pros: No shipping costs, no shipping or packaging required, no physical handling required. Profits can sometimes be 100%. Cons: Not always easy to create your own product. There’s also a FOURTH way, probably the easiest way.

4) Affiliate Products.
Now this is probably the easiest way to make money online. You sell other people product and keep a percentage of the sale you make. All the packaging shipping costs are handled by the product owner or company. Amazon is a good example, you can feature their products on your website and when someone purchase their products from your website, you make money. AdSense is another good way to make money from your website. All you do is put some Google ads on your page and you get paid for every click.

1 comment:

  1. Earning money online never been this easy and transparent. You would find great tips on how to make that dream amount every month.
    So go ahead and click here for more details and open floodgates to your online income.
    All the best.

    ReplyDelete

Tuesday, September 15, 2009

Making Money Online for Rookies

The are many ways to make money online these days. Some tell you create an online store selling the latest most popular products. Others tell you to find a cheap wholesaler and sell products on eBay. Then there are some who say why sell physical products when you can sell digital products and save on shipping costs. All three ways are good ways of making money from home but it can get confusing in choosing the right one which is right for you as a beginner.

1) Online Store
In an online store you would setup a website which is filled with the latest popular products, like iPods, iPhones, Nintendo Wii systems and accessories etc. You would first have to first find a cheap wholesaler who can provide you with these products for cheap prices so you can sell it for profit. Then you need setup the website listing the products which is integrated with some sort of credit card payment system. Pros: Physical products that are already popular are easy to sell. Cons: Profit margin can be very low, setup can be tricky for a newbie.


2) Selling On eBay:
To sell physical products on eBay you again need to pick a popular product and look for a wholesaler selling it for cheap prices. You then open an eBay account which is free and list your product(s) for sale. You can even create an eBay store very easily. eBay handles all the payments with its Paypal payment processor. Pros: Newbie friendly, no website setup required, no payment processor setup required, easy to use eBay listing features and customer services. Put your listing in front of millions of eBay members. Cons: eBay fees can be lot.

3) Selling Digital Products
What are digital products? Digital products are referred to products like eBooks (books you read on your computer), software etc. What you can do is write your own eBook, something like a “how to” guide about anything you like or create a software product and sell it on your website. If you don’t want to create your own

you can get digital products with resale rights as well. Pros: No shipping costs, no shipping or packaging required, no physical handling required. Profits can sometimes be 100%. Cons: Not always easy to create your own product. There’s also a FOURTH way, probably the easiest way.

4) Affiliate Products.
Now this is probably the easiest way to make money online. You sell other people product and keep a percentage of the sale you make. All the packaging shipping costs are handled by the product owner or company. Amazon is a good example, you can feature their products on your website and when someone purchase their products from your website, you make money. AdSense is another good way to make money from your website. All you do is put some Google ads on your page and you get paid for every click.

1 comment:

  1. Earning money online never been this easy and transparent. You would find great tips on how to make that dream amount every month.
    So go ahead and click here for more details and open floodgates to your online income.
    All the best.

    ReplyDelete