This article is free to publish with resource box If using this article, please send a brief message to palyn@futureinternetmarketing.com - Word Count: 1218 words, 25 word resource box - Format: 60 characters per line - URL: http://FutureInternetMarketing.com/articles/fimarticle01.htm - Autoresponder: fimarticle01@listwarrior.com - Author Photo (80x105): http://FutureInternetMarketing.com/palyn.jpg - All links checked September 2003 - Article checked by SpamAssassin and is spam-safe. - This article is perfect for internet and ebusiness beginners'The Only 5 Things You Can Sell' by Palyn Peterson
So, you want to start an internet store do you? What is it are you going to sell? This really is
first thing to tackle, because without any products your store will fail, guaranteed. All jokes aside, let me share some insight on broad this topic.
First, do you have anything to offer that you can make? Crafts, exotic bird houses, jewelry, doll houses? Most people will answer "No" to this one, but that is ok! Lots of options are still available. In fact, most online stores do not create their own products.
Affiliate programs are another great choice. An affiliate program is when a company gives you commission to sell their products. You direct customers to their website, and that is it. You don't manage inventory,
sale or shipping. Some companies may provide web space and site creation support, but be careful about going that route -- they may want to charge you setup fees and maybe a membership fee. If
affiliate program is worth it, it will most likely be free. Here are other points to pay attention to:
1. How much commission you will receive with each sale. 5%- 10% is on
low side. Try to stick with companies that will pay you 20%-35%. I've even come across some affiliate programs that pay as much as 50%. 2. Read
affiliate agreement. Some companies state you can only sell their products on your website, and no one else's. If this works for you, great. If not, be sure to read
agreement and make sure this is not
case. 3. What
pay out amounts are. Know how much you need to make before a check is cut and mailed to you. 4. Do you receive support? Many companies offer their affiliates marketing material to help sell products. This could include website content, pictures, banners, cut-and- paste emails, and classified ads.
Some people pull in many thousands of dollars a month with affiliate programs, they can work, but remember to be careful! There are many wolves in sheep clothing just waiting to take your setup fee and monthly payments just to leave you without support and no sales. If affiliate programs interest you, there are a number of good affiliate program directories. Here are a few:
1. www.affiliatesdirectory.com 2. www.associateprograms.com 3. www.affiliatematch.com
Next, a very popular and incredibly practical choice is drop shipping. Drop shipping is when a wholesale distributor maintains
product inventory, you create a store selling those products and take customer's orders at retail prices. You then turn around and send
customer's order to
wholesale distributor who ships
products to your customer, often with your company name on
package.
The customer receives their products not knowing that you are running
business with no inventory and from
comfort of your home. And no inventory means you only spend money when you are making money. In other words, you only spend money buying products at wholesale when you are just going to turn around and charge retail price to a customer. How great is that? This is one of
most popular methods of running a retail business on
internet, and for good reason!
The great majority of wholesale distributors will ask you for your TAX ID number when creating an account. Your TAX ID number can be found on your sales tax license if you have one, or usually your social security number will suffice if you do not have a license. For free information on getting a sales tax license, visit this page: www.futureinternetmarketing.com/inetlaw/inetlaw.htm.