How To Make A Sure Profit From The Internet In Your First Month – For Those Just Starting Out & Working On A Shoestring BudgetWritten by Tukshad Engineer
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Research topic you have chosen - Visit a few search engines such as Google and Yahoo and type in some keywords and see what type of websites spring up. Are there many sites selling products on your chosen topic? Some competition is actually a good thing - it indicates that a market exists - you just want to ensure that you don't have too much competition (internet marketing is a good example of a field that has far too much competition to make it worthwhile for a newbie). Make a list of all ezines, discussion lists, forums and websites that exist about your topic - take a look at top 20 and try and get a feel for how they are making money. Are they selling a product? Are they earning cash via affiliate commissions? When researching use google as well as following free tools and sites: http://inventory.overture.com/d/searchinventory/suggestion This free and invaluable site will show you how many searches were done in Overtures search engine on a particular keyword, for a particular month. This will help you discover how much interest there is for your niche. http://www.google.com/grphp Find discussion groups for your topic and see what experts in that field are talking about. Other good discussion lists include http://groups.yahoo.com and http://www.discussionlists.com. What you're trying to do here is come up with a niche idea and then understand that idea inside out. What products are being sold in niche? Which products are hot? Which are considered inferior? Spend a whole day on researching your niche idea and more if you have to. Spend an hour each day on top forums - You really can learn a great deal on best internet forums and it will help give you ideas and learn from successful people. My two favourites are http://www.ablake.net/forum http://www.thewarriorgroup.com (both are free). Start reading conversations that are going on and determine which of posters seem to be Gurus. Don't feel you have to post anything just yet - right now you're more interested in learning all that you can. By end of day 2 you should have a product idea that you feel will generate good interest.
Accepting Payment Online Day 3 If you want an online business it's vital that you have ability to handle credit card payments. If this sounds like a nightmare don't worry, there are many online payment processors who will handle payment from your customers on your behalf - all you have to do is give them a small commission from your sales proceeds. If you've ever used eBay to buy or sell then you're probably already familiar with http://www.paypal.com - sign up for a free sellers account. Once this is done all that's left is to create actual product. Another good payment processor is http://www.clickbank.com but they charge a $49 activation fee. If you find that your product generates good interest it may be worth signing up with them as you get an in-built affiliate program. But for now Paypal is just fine. You're doing quite well so far - so far you've come up with an idea and have set-up your Paypal account. Read your goals again - this will really help create a positive mood as you're already a step closer toward reaching them.
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Dealing with BackordersWritten by Chris Malta
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Now, this may sound like I'm making it up for effect, but I swear it's true: I handled another order for exact same product on same day, and woman who placed order experienced same delay. A couple of hours after receiving nasty-gram from my friend above, I got an email from this woman. She thanked me for my persistence in following up her backorder, and told me she would definitely be back to shop with site again. That's what makes it worth dealing with all this in first place! Here are things that I've learned about backorders during my time in this business. Internet customers are for most part "instant gratification" junkies. They want it NOW. Because of this, backorder situations must be handled immediately. Don't wait even a day. Call them, or email them. (A call is usually appreciated more than an email, but you have to watch your phone bill). If you think a product might be questionable as far as stock status, check with distributor before charging customer's card. You get a feel for which items are stocked less than others after a while. You can always refund charge, but it's better if you can tell them you have not charged them yet. Always offer to cancel. Chances are they won't, because then they have to go search for product again and hope they don't get backordered somewhere else, but offer to cancel must be there. It tells them that you are not desperate for sale, and gives you advantage in conversation. Be nice. Even if you are grinding your teeth. You can't afford to lose your grip. You never know when one episode of lost temper will come back to bite you. Follow up during backorder period. Send at least one email saying that you are monitoring situation, and are sorry for delay. That is a great tactic for defusing an impatient person; at least they know you are thinking about them. If there is an additional delay, offer to cancel again. They may actually take you up on it if it's a long delay, but you don't lose anything if distributor has not yet shipped. When you receive word that product has shipped, inform customer. They appreciate that, and again, realize that you are at least thinking about them. Most people understand backorders, and will give you no trouble. In fact, most are very appreciative if you contact them right away. Sometimes, you get trouble customers. Deal with them politely, and never lose your temper. Be bigger person. I always check my return emails to these people twice. There are times when I've let some temper slip in to my writing, and I'm sure to remove it before clicking send button. It only ends up helping you in long run! Chris Malta WorldWide Brands, Inc. For more information, visit http://www.YouCanDropship.com
Chris Malta is a Microsoft Certified Systems Engineer. He has worked with computer Systems for 18 years. He's been involved in eCommerce systems, networking and site design for more than 6 years. He's taught college-level computer courses in Western NY. He developed The Drop Ship Source Directory, and he and his partners at Worldwide Brands, Inc., publish the Directory and run eCommerce sites of their own using Drop Shipping as their only business method.