Ever since the idea of online auctions came into existence, the online selling market has been on the rise. Many are interested, but don’t know how to get started. There are still all kinds of ways to make money by selling online, whether you’re selling what you already have or buying and selling like a store. Before we get started, here are a few general tips when selling anything online:
There are many ways to get people onto your list. Lead magnets are one such resource. For example, you can build ebooks, checklists and cheat sheets. But you can also do content upgrades, such as PDF versions of an article with added resources in them, four-part video training series, and more. Think about your audience and what you can offer them to better serve them, then treat them with some respect and you'll eventually reap the rewards.
These days, there are many more online retail options on which to cash in. Alongside the tried-and-tested web marketplaces of Craigslist and eBay are stylish sites like Threadflip, a place for sellers to turnaround their used women's apparel. ModCloth, which peddles vintage threads while carefully integrating social and mobile aspects has become increasingly popular, earning its 27-year-old husband-wife founders Eric and Susan Gregg Koger a spot on Forbes 30 Under 30 list.
Since time is the most precious commodity on this earth, invest the time at the front-end so that you can reap the benefits on the back-end. This means putting in a bit of sweat equity and not getting paid today. Rather, you'll get paid somewhere down the road. And you'll continue getting paid whether you keep building that passive income stream or you stop. It's obvious that this is the preferred route, but clearly the road less traveled.
2.Be Willing To Be Different: Don’t base your decisions upon what everyone is saying or doing. When Warren Buffett began managing money in 1956 with $100,000 cobbled together from a handful of investors, he was dubbed an oddball. He worked in Omaha, not Wall Street, and he refused to tell his parents where he was putting their money. People predicted that he’d fail, but when he closed his partnership 14 years later, it was worth more than $100 million. Instead of following the crowd, he looked for undervalued investments and ended up vastly beating the market average every single year. To Warren Buffett, the average is just that — what everybody else is doing. to be above average, you need to measure yourself by what he calls the Inner Scorecard, judging yourself by your own standards and not the world’s.
That’s long been the case for online entrepreneurs. Everyone has a Facebook friend or two entrenched in “network marketing” like LuLaRoe and Beachbody. Instagram is packed with sponsored content, a.k.a. #sponcon, and there are dozens of apps that pay people to take surveys. Ask anyone in that world, and they will surely tell you how hard it is to survive.
If you are really short on cash and need some immediate funds then you should start by looking around your house. Clear out your cupboards and find any items lying around that you don’t need or haven’t used for a while. Then sell them on eBay. Just because they are gathering dust in your cupboards, doesn’t mean someone else won’t snap them up. Simply sign up with eBay, list your products and then, as they are sold, send them off to the buyers.
Mention what you bring to the table. When I first applied to write for Oberlo, I mentioned how I worked in ecommerce for four years as an entrepreneur and in a 9 to 5 role at an ecommerce company. My experience on a content team was also brought up. And my 9 years experience in marketing. I had also already been working on my Oberlo dropshipping store as I had been using Shopify for a year at that point. Having a writing sample in a niche isn’t enough. You also need to have the experience to write about that niche. Mention every little detail of what you’ve done prior to writing. Niche experience is important.
Bloggers can make it big, too. First, you’ll need to set up a site which will become your platform to write on music, fashion, finance or whatever your interest may be. Build a following and readership, and you could catch the attention of companies looking to acquire your site. In 2008, Johns Wu, the founder of Bankaholic.com, sold the site to Bankrate, Inc. for $14.9 million. Entrepreneurial tech site TechCrunch was acquired by AOL in 2010 for $30 million, making its founder, Michael Arrington, a wealthy man.
Become a virtual assistant. Virtual assistants perform a wide range of services for their clients, all of which can be completed online. Depending on the day, they may open and reply to emails, schedule online work or blog posts, write mock-up letters and proposals, or perform data entry. You can look for virtual assistant jobs on sites like UpWork.com and Problogger.net.
Matched betting is when you make use of the free bets and promotions that Bookmakers give out from time to time. It’s a type of hedge betting where you place bets on all outcomes of certain sporting events. If you follow the instructions correctly and don’t make any silly mistakes, you could earn yourself an extra £800 to £1500 per month with Matched Betting.
Creating and selling courses on your blog can be a successful way to make money online. The course itself should be relevant to your blog, and based on a topic that will benefit your audience. Although it may take time to create the course in the first instance, once completed, you can then repeatedly make money from the course each time you sell it.
7.Be Persistent: With tenacity and ingenuity, you can win against a more established competitor. Warren Buffett acquired the Nebraska Furniture Mart in 1983 because he liked the way its founder, Rose Blumkin, did business. A Russian immigrant, she built the mart from a pawnshop into the largest furniture store in North America. Her strategy was to undersell the big shots, and she was a merciless negotiator. To Warren Buffett, Rose embodied the unwavering courage that makes a winner out of an underdog.
Domain name trading has been around for the last couple decades, and while most slam-dunk names have long been sold off, there’s still plenty of others that you can get your hands on for relatively cheap and broker as a way to make money online. Before you dive in, however, beware that some experts doubt the long-term viability of this idea for making money online. However, there’s always the change you might just land on a lucrative domain name for a future billion-dollar company. To get you started, here are some tips from GoDaddy, arguably the world’s largest and most famous repository of domain names.
There are loads of resources for making money online as an affiliate. You could source products from ClickBank, Commission Junction, Rakuten Marketing, Share-a-Sale, Impact Radius and many others. Plus, many of the larger companies have their own affiliate programs as well. Do your due diligence and find the right company with a relevant product or service to your audience that you can sell as an affiliate.
Become an Amazon Associate and then use Keyword planner to find an in-demand niche: With more than a million different products to choose from and up to 10% commission the sales you drive, Amazon’s affiliate program is a great place to get started. Browse their available products and see what connects with you. Or take it a step further and use Google’s Keyword Planner to quickly check how many people are searching for a specific term. With affiliate marketing, the more relevant traffic you can pull in, the more you’ll make off your site.
Have qualifications to show. You might show your degree, high grade average in a course or other proof that you’re qualified to tutor that topic. If you have a teaching degree, you may be more likely to land a tutoring position. If you’ve spoken at a conference or event about the topic, you might also be considered for an online tutoring, teaching or mentoring position. Focus on tutoring in your field of expertise. If you’re not the best, you probably shouldn’t be tutoring in that specific topic.
If you’re looking for inspiration, my friend Michelle Schroeder-Gardner of the website Making Sense of Sense has become the expert on all things affiliate marketing. Michelle earns more than $100,000 per month from her blog and the bulk of her income comes from affiliate sales. Michelle has had so much success with affiliate marketing that she even has her own course called Making Sense of Affiliate Marketing.