Continued from page 1
In addition to
three product acquisition methods discussed above,
biggest profit margins and more reliable supply of products is achieved by working with wholesalers or importers. Working with wholesalers, they require you have a legal business and a resale certificate from your state’s taxation board. Working with imported goods is more difficult. If you attempt to go directly to
source in China, as a novice, you can lose a great deal of money very fast. Consider working with a reputable customs broker if you choose to acquire product in this way.
All of these acquisition skills can be learned; but without determination, you will not succeed.
Once you have acquired your product, marketing skills are needed to successfully sell your product.
Marketing Skills
Two people with exactly
same product for sale will not experience
same success. The one who wins will have superior marketing skills. Marketing skills include
ability to find customers and then motivate them to buy your particular product.
Marketing starts with identifying
particular customer you will sell to. You do not sell a skateboard to a 13 year old with
same conversation you sell that same skateboard to his mother, or grandparents. Marketing requires you get into
mindset of your customer in such a way that you start to think like them. Without knowing their motivations and concerns, you will never sell them anything. Great marketing is targeted to a specific group of people.
After a thorough understanding of your customer is achieved, you need then to design your offer in a way that appeals to them and encourages them to buy now. All of these skills can be learned and must be learned to run a successful business, online or not.
With a great offer in hand, you need to find customers. Where does your targeted group of customers hang out? What do they read? Where do they go on
internet? You must get your offer in front of their eyes. They won’t find you.
There are literally hundreds of methods for communicating your marketing message online and via traditional methods, like advertising. The only ones that will work will be those that find your target market. You can send marketing messages all day without success. If your potential customer is tuned into some other location, you’ll miss them.
Marketing skills can be learned. Acquiring profitable products can be learned. But both of these critical skills rest on a foundation of determination. Can you teach an old dog new tricks? Certainly! If
“old dog” is determined to learn.
Conclusion
An online business is not for everyone. However, it can be your way to stay home with
children and still bring in a nice salary. Never again will you have to miss that first step or first word. Never again will you miss a child’s recital because you couldn’t get away from work. Never again will you sweat making your next house payment. Ready? GO!

Michele Schermerhorn has over 30 years experience in the business world and over 12 years running her own successful online businesses. She is President of Online Business Institute Inc. (www.obinstitute.com) and regularly conducts free online seminars. Online Business Institute Inc. exists to “Create Successful Online Business Owners One Person At A Time”.