Continued from page 1
3. If you can’t sell soap to your neighbors, you will not sell it online.
Tens of thousands of people are taken in each year by extravagant plans to sell jewelry, medications, vitamins, cosmetics and household cleaning products online. Most of these people would not be a success trying to sell these things offline to neighbors and will not fair any better in digital world.
4. Do not depend on Affiliate Programs for a substantial income.
Affiliate programs are a way to get a few extra bucks out of a popular website. A stable and fairly honest affiliate program like one offered by Amazon.com is good. Some multi-merchant affiliate websites like Share-A-Sale are also worth a shot. Others may be geared to change once you start making any money, essentially robbing you of commissions due for sending motivated buyers to their merchants.
5. Sell unique or competitive products.
Don’t be taken in by scams that get you to purchase a bunch of wholesale junk, and then try to sell it on Ebay. If you do plan on buying to resell online, do your homework. Find out who else is selling same thing for how much they’re charging. The most successful online merchants sell items that are unique or in such high demand that market allows for a wide variety of sellers and prices.
6. Less clicks mean more customers.
The less complicated you make it for customers to purchase your products, more you will sell. It’s estimated that for every one click a customer executes to find or purchase your products, you can lose as little as ten or as many as one thousand sales. Make it easy for them, even if it’s harder for you.
7. Expect worst, enjoy best.
A responsible real world merchant will be ready for major setbacks like natural disasters, thefts and personal injury lawsuits. Online merchants regularly face cancelled listings or withheld payments fueled by buyer complaints, website or payment processing outages and sudden search engine dropouts.
8. Selling is an art. Are you an artist?
Not everyone has personality and skills needed to be a success at selling. Anyone who wants to sell online has to be able to translate his or her personality and skills into digital world. If you are completely baffled by internet and lack time needed to learn what it’s all about, becoming an online merchant would probably be a very bad idea.
The vast majority of people who try to make money online will never meet their own financial expectations. In most cases, culprit will be poor planning. In others, bad execution. Overall, anyone planning a web-based business needs to approach his or her endeavor in a serious way. While optimism is always a good motivator, it cannot replace proper planning and risk assessment.
Title: Think Before You Bank on the Web Topic: Web-based Businesses Author: Bill Knell Author's Email: billknell@cox.net Author's Website: http://www.billknell.com Word count : 1045 Terms To Use Article: Permission is granted to use this article for free online or in print. Please add a link to or print my website address of http://www.billknell.com