Selling Online Can Create New Income Streams

Selling Online Can Create New Income Streams

As the​ internet matures,​ so do the​ attitudes of​ people buying more and more online. Many companies exist that will ship merchandise to​ nearly any address specified,​ without being the​ same address as​ the​ buyer. This opens the​ door for selling opportunities for just about anyone with the​ initiative to​ do a​ little work online and keep track of​ their earnings.

One of​ the​ problems with having a​ retail website,​ is​ you​ become the​ buyer,​ seller and shipper all at​ once. When you​ offer merchandise for sale online you​ are opening the​ door to​ a​ global audience and will need to​ have an​ inventory of​ merchandise that you​ offer for sale. Constantly sending out apologetic emails informing buyers their choice is​ either discontinued or​ on​ back order will not win many repeat customers and will eventually leave you​ with nothing but a​ nice looking website.

You can,​ however get hooked up with wholesalers who maintain a​ large inventory of​ merchandise and allow you​ to​ sell it​ on​ your website. When an​ order comes in,​ it​ goes directly to​ the​ wholesaler who will pack it​ and ship it​ as​ well as​ handle all the​ finances. you​ make money based on​ the​ profit from the​ sale of​ the​ item. For example,​ you​ advertise a​ DVD player on​ your site for $59.99 plus tax plus shipping an​ handling. a​ customer buys it​ and submits the​ order. Once payment is​ received and the​ item has shipped. if​ you​ are getting that DVD player from the​ wholesaler for $40,​ you​ will be paid the​ difference of​ $19.

Many drop-shippers work with online auction sellers who simply list the​ merchandise on​ their auction site and the​ wholesaler takes over the​ shipping of​ the​ merchandise. For auction merchandise there is​ a​ risk to​ the​ seller in​ that if​ a​ listed item doesn’t sell,​ the​ seller is​ still responsible for any listing fees for putting them item on​ the​ auction.

Additionally,​ once an​ item sells,​ the​ seller is​ charged a​ final value fee,​ which is​ a​ percentage of​ the​ price at​ which the​ item sold. Consequently,​ the​ seller has to​ sell the​ item at​ a​ price higher than the​ unit cost,​ plus listing fees plus the​ final value fee before they make any money. Selling straight off your own website may not elicit as​ much business,​ but by the​ buyer paying shipping and handling charges,​ everything paid over the​ unit price is​ your to​ keep.

You can also choose to​ buy small inventories of​ merchandise you​ believe will be in​ high demand and list in​ the​ item’s description how many are available. Being honest with potential buyers on​ the​ front side that only so many are available may improve the​ chance of​ a​ sale,​ as​ well as​ diminish disappointment when you​ run out.

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