Selling online is a great way to make a living from home. It could be choosing to sell goods that other people have made, or it might be your handmade items. Amazon, eBay, Etsy or via your own website or a mix of all of them is a great place to start. But there are a few things that you need to know to make sure that you keep the access to all of these platforms open.
It’s Them, Then You
When it comes to making a profit unless it is sold from your site directly all of the online sellers will take their cut first. And, it is very easy to underestimate just how much of a take they’re likely to take. The cost of your physical product is just the tip of the iceberg here. You should add on things like marketplace fees, payment processing fees, the cost of shipping (find a reliable and cost-effective company like DPD Local online), packaging, storage and eventually your profits.
Sit down and work out how much the fees for each place will be so you know what you’re really getting from you £/$12 sales.
That is not to say relax and don’t worry because the sales will take care of themselves – they won’t. But what you really need to do is understand that it isn’t likely you’re going to sell out overnight. Many online entrepreneurs spend years perfecting their online business, and because of that dedication, they make a regular and reliable income. But, it didn’t happen overnight. Building your customer base, working on new products, staying competitive takes you some time.
Aggregates Have Rules
And you will need to adhere to them. They do all of the work when it comes to promoting, hosting, and delivering your product to potentially millions of eyes, but they have rules that you need to stick to in order to keep that happening. If you don’t read that small print, you might find your account is suspended and no longer able to sell on those sites.
Just remember that if you aren’t sure on something don’t just go ahead and see what happens, they all have a wealth of knowledge available for you on their forums. Use that to ensure you’re playing by the rules. And if you are using more than one try not to get confused.
Automate to Grow
Online selling comes with a lot of repetitive tasks. If a job is repetitive, it means it can be automated. And you don’t need to be hugely successful or suffering from a lack of time in order to make it work. In fact, automation can help you to grow, at a steady pace. Automatic feedback gathering after a purchase, social media promotion, number and inventory tracking – it is all possible.
You can grow steadily, and make online selling a great success if you are armed with knowledge about each of the platforms that you can use.