Tag Archive | "Online Marketplace"

Part Time Online Business: Some Ideas

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Part Time Online Business: Some Ideas

If you want to start an online business and make a relatively decent amount of cash, without spending thousands of dollars or working full time on it, there are some ways to accomplish that. While there are many ways of earning money online, here are some examples of methods that have been shown to be profitable for many online entrepreneurs. These can be used to build a part time online business, however there is nothing that is really stopping you from turning these ideas into a full time online business if this is what you wish to do.

  • Providing services

We have seen this in the micro online business article, and it really is the same concept. You provide services that are useful for business owners and online marketers and you get paid for it. Popular examples include: article writing, backlink creation, web design, ebook writing, etc.

The main difference is that you will be spending more time doing the work, around 20 to 30 hours per week should give you a very good part time income.

  • Outsourced service creation

Same thing, but with a bit of a change. While you can do some of the work, you will be outsourcing most of it to other people for less than what the client is paying you and you will pocket the difference. So let’s say that someone pays you $12 to create a 1000 word article for them. You find a worker that can create quality articles on a forum or freelancing site and pay them let’s say $8 for it. You will then keep the $4 difference as profit. While this seems insignificant, if you get orders for 10 articles a day at $4 of profit, that’s $40 per day, and you didn’t do much work besides co-ordinating the work between what the client orders and what the outsourcer produces.

  • Light Ebay selling

Ebay is the most popular online marketplace in the world, where some sellers have made millions by selling various kinds of merchandise to consumers. Of course, it’s not easy to earn 7 figures from the site, but it is well possible to make a few dozen dollars per day from it with a bit of effort and investment.

Selling on Ebay is the electronic equivalent of you having a stand at a flea market. You buy goods from a distributor at a low price and then re-sell them at a profit to the end consumer. All you are doing is applying the concept of buy low/sell high, which has existed for thousands of years.

So, for example, you would buy 10 cell phones at $300 each from a distributor that sells wholesale goods. You then resell them on Ebay for $400 and you keep the difference minus Ebay and PayPal fees. Basically, to be successful, all you would need to do is to find goods that are easy to acquire, in demand and easy to sell at a profit.

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Getting Started In E-Commerce: The Main Decisions To Make

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Getting Started In E-Commerce: The Main Decisions To Make

Do you own a physical business and want to take advantage of the power of the internet to sell your products? Or do you want to start a completely new online business that will ship products to consumers? In either case, this can be a very profitable move for you. However, you will just need to do a bit of planning beforehand to make sure that everything goes well for you.

One of the main decisions that you will need to make when setting up such an enterprise is choosing whether you will sell your products on your own website or through an existing marketplace such as eBay or Amazon. Both have their unique advantages and drawbacks which you need to consider.

Selling via an online marketplace.

The advantages:

  • Very high amount of traffic and basically free advertising. Those on the site are already in buying mode and all they have to do is to search for a product that you are selling. This means that you will save money on advertising.
  • Easy and quick to get started. There is no need to set up a website or an ecommerce solution, all you have to do is list your items.
  • Depending on the terms of the site used, offers some protection in case of fraud or disputes between you and the buyer.

The drawbacks:

  • On most sites you would need to either pay a fee to get your item listed, a fee based on the final sale price of the item or both. While these fees are relatively small, they do add up if you sell many items and will also cut in your profit margin.
  • Online marketplaces may have restrictions on the types of items that you can sell, where you can ship to, or the payment methods that you can accept from clients.

Selling via your own website.

The advantages:

  • You can fully customize the look and feel of your site in order to better suit your business.
  • You decide on your own business policies, such as the types of payments that you accept, the shopping cart software you use, etc.
  • No fees to list items for sale and no fees to pay on the final sale price.

The drawbacks:

  • Building an ecommerce site takes some time and effort. If you don’t want to do it yourself, you may need to hire someone else to do it, which will add to the costs of getting started. You will also need to register a domain name and find a suitable webhost.
  • You will need to find a suitable solution for payment processing, as well as install an ecommerce suite on your site.
  • Buyers will not just magically appear at your site. You will need to advertise your website using various methods to get traffic. This takes some time and many advertising methods, both online and offline, will also cost you money to implement and get results.

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