How Online Selling Can Drive Big Bucks into Your Account
Today happens to witness the best and the worst of times. With the alarming recession and impending layoffs, anyone would certainly be in a state of fear. But just like anything else, every cloud has a silver lining.
With the surging power of the Internet today, you can now make use of it to earn extra money online. You can actually sell others’ products on the Internet and gain dollars from such an effort. With this, you will be hitting two birds with one stone as aside from earning additional income, you’ll also be polishing your marketing skills in the process. So read this article so you will find out how a simple 10-minute period online could reward you with hundreds of dollars.
From Advertising Revenues
The Internet advertising revenues for 2007 actually reached $21.1 billion. This is an occurence in spite of the economic slump that is said to have hit the world market. Now, would it not be heaven if you were to get shares of this revenue?
The best way to start is by posting advertisements in your websites, blogs and newsletters. Search for clients who will advertise on those virtual spaces. Alternately, make your blog interesting enough to differentiate it from among the others, drive traffic through it and encourage visitors to click on those advertisements.
To mention a few famous blogs which actually earn money online: Go Fug Yourself for fashion faux pas, Perez Hilton for succulent entertainment gossip and BoingBoing for science and technology.
Make Use of Affiliate Marketing
So how exactly do you make money from this? For every sale of a client’s merchandise or everytime you’ve influenced a visitor to purchase an item, you get a commission.
There is bigger money in affiliate marketing. With this, on the contrary, you have to be well-versed of some technical terms and be well-informed of the ethics in the industry.
On Retail Commerce
In this line of business, you can at last employ the accounting and marketing lessons that you have learned from college. Here, you resell items that you’ve purchased from wholesalers and carry the inventory. Of course, the competition from other e-commerce boutiques might be stiff but given time, perseverance and technical know-how, you will soon harvest the rewards of retail commerce.
By adding in a few dollars to handle the shipping costs, you gain more profit. Still, what are shipping costs when you can sell more and earn more?
The Magic of Drop Shipping
In this kind of business, you act as the salesperson for your supplier as you’re actually responsible for completing a transaction with a customer. After the customer has agreed to purchase a product, you then send all details to the supplier. Many people favour drop shipping because they can be exempted from paying the inventory costs.
With drop shipping, you earn profit by selling the item at a larger price (more than what you and your supplier have agreed upon). In short, this kind of business is just like running a wholesale business minus the costs of inventory and shipping.
These techniques are the four fine ways on how to earn money online. All you require are your laptop, an Internet connection, and a passion for selling. If you possess a good mix of those, you’ll undoubtedly liberate yourself from recession blues and job predicaments.
posted by e-borneo.com @ 5:26 pm
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