There are several ways you can make money online at the comfort of your home with just your device.
You do not need to have a physical office to start earning.
Many people opt for making money online because it is the easiest and fastest way to make money without the need for you to leave your house.
There are different online businesses you can venture into such as blogging, freelance writing, web design, and affiliate marketing. But our focus will be on selling physical products online.
It is only easy to make money online when you have access to the right information and guide. There are still people who are unable to make a dime from any online business because they go about them the wrong way.
If you are interested in making money online by selling physical products, then you will need to learn everything about the online world you are about to enter. And in this article, we will be providing you with all the information you need to succeed in this business.
Start with An Idea
When you think of starting any business, you may have multiple ideas popping to your head. The idea starts when you decide to venture into an online business, then you can choose which of the online businesses you intend going into.
Do Your Research
Selling physical products online requires patience, perseverance, and thorough research. You will need to do the right kind of research in other to reduce your chances of failure.
There are many products out there you can sell online but it is important you know the right ones to sell. The first step is to know your targeted audience and know the kind of products that suit them. For instance, if your targeted customers are ladies, then you need to research on the products that ladies use all the time and are in high demand among the ladies.
Getting Your Product
Once your research is made and you have selected the products you intend selling, the next step is to know how you will get the products. Here is a recommended process you can follow to get the products
Choose a suitable vendor
It is important to get a good supplier or vendor where you can be getting your products so that you don’t get stranded when your customers start requesting for them. There are many vendors you can choose from. You can get vendors from sites like alibaba.com and globalsources.com or you can choose the option of going to trade shows in China but this may not be feasible for you as a beginner in Nigeria.
Since you are selling physical products, you can also get the products anywhere around you as far as they are sold to you at a cheap rate for you to sell and make your own profit.
Buy few test items
To know the quality of the products you wish to sell, you should buy a few of the items to look at any flaw you can find. Identify what your customers or potential customers will need and find out if the products match the criteria. This way, you will not end up selling scraps to your customers.
Selling the Product
This is the most important part of the process as it is time to see if people will buy your product. Since you have successfully chosen a vendor or supplier for the products you want to sell, the best way to know if people will buy your products is to actually sell it. Here are steps to take:
Choose a platform
You are selling your products online, so you need to choose the right platform to sell them. To start selling your physical products online, you will need an online store and there are many online store solutions you can choose from. We have listed some of them for you. These ones stand out from the rest with their easy-to-use interface and other useful features.
Shopify: Shopify is one of the most popular and best e-commerce platforms with everything you need to sell your products online. It enables you to upload as many products as you want to sell and allows you to customize your product list. It is easy to use and mobile-friendly.
BigCommerce: This online store has extensive features and a robust 24/7 support which makes selling your products very simple. You can integrate it with social media apps and other platforms that can make business easy for you.
WooCommerce: This is also a popular e-commerce platform with cool features that enable you to customize your personal store. But it can only be used when you install it on a WordPress site. You can make it part of a website or as an online store.
3dcart: This is a popular all-in-one store builder that comes with a great selection of mobile-friendly themes and 24/7 support. It has many features that make it easy to understand and operate.
These are just online channels where your products will be seen. Since you are dealing with physical products which are tangible, you will need to ship them to your customers or look for ways to get the products across to them.
Market the Products
The beauty of this online business is most obvious when there are people that buy your products. You need to market or advertise your products to reach your target audience and make them your customers. People need to hear about the products in other to patronize you. Here are the best ways to promote your online store and introduce your products to your target audience.
Social media marketing
Social media is a great tool to get across to a wide range of people. You can also take advantage of social media by advertising your products on Facebook, Twitter, Instagram, Whatsapp, etc. Always engage your followers and let them tell you what they feel about your products and where adjustments are needed.
This is still one of the most efficient ways of promoting your products. It will generate leads which will convert into customers when it is done in the right way. Also, ensure you have an email subscription option on your online store.
You can start a blog to talk more about your online store and products. You can write compelling content about the products that will make potential customers want to find out more about the products.
Selling physical products can be very easy especially when you have the right information. If you are planning to start selling physical products online, apply the tips mentioned above and you will be able to earn a significant amount of money from it.
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- How to Make Money Online By Selling Physical Products - January 10, 2019