Your Online Business-Multiple Streams of Income and Where To Get Them
Your Online Business-Multiple Streams of Income and Where To Get Them
#1 What do I sell online?
Tangible and Intangible Goods, just like you would offline.
#2 Where do I find it?
Look around you, the options are endless.
The answer to all three questions is actually as simple or as complicated as you want to make it. The following list contains a few practical suggestions to jump-start your thoughts on the matter.
Physical Goods:
~ Artwork and Handcrafted Items
The internet is the perfect venue for unique items because the range of your audience is worldwide, and they can generally be inexpensively reached. Think of it this way. If you have just one customer per square mile locally, then a single permanent advertisement in the form of a web page posted online, exponentially expands the square mileage you can reach with your single advertisement and therefore the number of potential customers you have.
This same principle applies to almost every item that you can think of to sell online.
~ Yardsale, Flea Market and Auction finds
The same analogy applies to scavenged items. Antique, vintage and unique items will, of course, always do better, since invariably there will be a collector out there somewhere who needs what you are selling because of the rarity of those items within their local marketplace.
Everyday items also do well in this category, if they have a everyday desirable value such a fine condition second hand designer or children's clothing, car parts, Legos, comic books and books, for example.
~The same items sold in your brick and mortar store or business
~Discounted and remaindered items from your local warehouse shop
~Items from a wholesaler that supplies brick and mortar shops
Unless it is an everyday, ordinary item that can be purchased locally most anywhere in the world, you can generally find a market for it online. And, even the ordinary can find the right market if you can heavily discount it or sell it in the right bulk quantity.
~Items from the proverbial magical Dropshippers list
~Items purchased in bulk from importers and wholesalers
If you want to get into this, think twice...and then think twice again. There are hundreds of people out there willing to sell you Ebooks containing secret Dropshipper's lists. The majority of them are probably not worth the paper they are electronically written on.
~Practical items that everyone needs, sold in bulk or discounted
Unless you have a product that you are the importer, originator, or creator of chances are good that you will not be able to compete in this market. The large manufacturers have long since discovered the secondary market available to them via an online catalog.
~Eclectic items that collectors and others may want or need
If you have access to, or live near the source of anything unique, you can almost always find a market for it online. Local rocks, minerals and gems, dirt with known, new or historically "touted" specific mineral properties, plants, seeds, pine cones, herbs, naturally occurring aberrations such as driftwood, vines, and interestingly shaped fungus, dried gourds, natural fabrics, even something as simple as homemade preserves or rags for rugs. Look around you and what makes the area where you live and work unique. Chances are excellent that you can find something that will sell online. Just be sure to check the Import and Export laws to make sure your product can be legally sold and shipped across State, National or International borders as required.
Intangible Goods:
~ Intangibles online products and as services
Advertising services, virtual assistant, writing, art, word and film editing, copywriting, the possibilities are almost endless because if you have a creative or other skill whose final product lends itself to being able to be transferred back and forth electronically, you have cut your overhead to almost nothing. My original custom web design business was built almost entirely on this premise, and its current incarnation expands on that theme. Over the years I have had more customers that I have never met live and in person, than those I have actually shaken hands with.
~Software, Ebooks, domain names, custom or Biz in a Box websites
This is an entire theme unto itself, so please see my article:
How To Build A Business Out of Thin Air or Using Online Wholesalers To Build Your Online Business
# 3 Now that I know what and where, how do I get started?
That is the easiest one of all to answer.
You just do it. You start with a little research. Then you purchase your first Domain Name, then you add Hosting, and then you put up a blog, or a custom or a Biz in a Box website of your very own to advertise your product, and finally you promote, promote, promote.
So to summarize:
In today's world most everyone begins with the premise that the Internet is the perfect advertising venue for the small or upstart business because it levels the playing field in a way that no other advertising medium ever has in the past.
Truer words were never spoken.
Your Online BusinessMultiple Streams of Income and Where To Get Them - To learn more about this author, visit Teresa Bohannon's Website.
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The first question everyone asks when they initially think about starting an online business is a the most natural one, "What do I sell?" Sometimes that is followed by, "Where do I find it?" The third question is usually, "OK. I know what and where, now how do I go about doing it?"
#1 What do I sell online?
Tangible and Intangible Goods, just like you would offline.
#2 Where do I find it?
Look around you, the options are endless.
The answer to all three questions is actually as simple or as complicated as you want to make it. The following list contains a few practical suggestions to jump-start your thoughts on the matter.
Physical Goods:
~ Artwork and Handcrafted Items
The internet is the perfect venue for unique items because the range of your audience is worldwide, and they can generally be inexpensively reached. Think of it this way. If you have just one customer per square mile locally, then a single permanent advertisement in the form of a web page posted online, exponentially expands the square mileage you can reach with your single advertisement and therefore the number of potential customers you have.
This same principle applies to almost every item that you can think of to sell online.
~ Yardsale, Flea Market and Auction finds
The same analogy applies to scavenged items. Antique, vintage and unique items will, of course, always do better, since invariably there will be a collector out there somewhere who needs what you are selling because of the rarity of those items within their local marketplace.
Everyday items also do well in this category, if they have a everyday desirable value such a fine condition second hand designer or children's clothing, car parts, Legos, comic books and books, for example.
~The same items sold in your brick and mortar store or business
~Discounted and remaindered items from your local warehouse shop
~Items from a wholesaler that supplies brick and mortar shops
Unless it is an everyday, ordinary item that can be purchased locally most anywhere in the world, you can generally find a market for it online. And, even the ordinary can find the right market if you can heavily discount it or sell it in the right bulk quantity.
~Items from the proverbial magical Dropshippers list
~Items purchased in bulk from importers and wholesalers
If you want to get into this, think twice...and then think twice again. There are hundreds of people out there willing to sell you Ebooks containing secret Dropshipper's lists. The majority of them are probably not worth the paper they are electronically written on.
~Practical items that everyone needs, sold in bulk or discounted
Unless you have a product that you are the importer, originator, or creator of chances are good that you will not be able to compete in this market. The large manufacturers have long since discovered the secondary market available to them via an online catalog.
~Eclectic items that collectors and others may want or need
If you have access to, or live near the source of anything unique, you can almost always find a market for it online. Local rocks, minerals and gems, dirt with known, new or historically "touted" specific mineral properties, plants, seeds, pine cones, herbs, naturally occurring aberrations such as driftwood, vines, and interestingly shaped fungus, dried gourds, natural fabrics, even something as simple as homemade preserves or rags for rugs. Look around you and what makes the area where you live and work unique. Chances are excellent that you can find something that will sell online. Just be sure to check the Import and Export laws to make sure your product can be legally sold and shipped across State, National or International borders as required.
Intangible Goods:
~ Intangibles online products and as services
Advertising services, virtual assistant, writing, art, word and film editing, copywriting, the possibilities are almost endless because if you have a creative or other skill whose final product lends itself to being able to be transferred back and forth electronically, you have cut your overhead to almost nothing. My original custom web design business was built almost entirely on this premise, and its current incarnation expands on that theme. Over the years I have had more customers that I have never met live and in person, than those I have actually shaken hands with.
~Software, Ebooks, domain names, custom or Biz in a Box websites
This is an entire theme unto itself, so please see my article:
How To Build A Business Out of Thin Air or Using Online Wholesalers To Build Your Online Business
# 3 Now that I know what and where, how do I get started?
That is the easiest one of all to answer.
You just do it. You start with a little research. Then you purchase your first Domain Name, then you add Hosting, and then you put up a blog, or a custom or a Biz in a Box website of your very own to advertise your product, and finally you promote, promote, promote.
So to summarize:
In today's world most everyone begins with the premise that the Internet is the perfect advertising venue for the small or upstart business because it levels the playing field in a way that no other advertising medium ever has in the past.
Truer words were never spoken.
Your Online BusinessMultiple Streams of Income and Where To Get Them - To learn more about this author, visit Teresa Bohannon's Website.
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George LudwigGeorge Ludwig is a recognized authority on sales strategy and peak performance psychology. An international speaker, trainer, and corporate consultant, he helps clients like Johnson & Johnson, Abbott Laboratories, Northwestern Mutual, CIGNA, and numerous others improve sales force effectiveness and performance. Though it's George's strategies and processes that help corporations increase productivity and performance, it's his tremendous energy and dynamism that spark the transformation. Again and again, clients remark on his amazing ability to unleash human capacity and inspire men and women to break out of their comfort zones. The result is a whole new type of salesperson. His customized presentations teach achievers to make stunning advances in their lives. From helping salespeople realize cherished dreams to helping corporations exponentially accelerate revenue streams, George Ludwig leaves audiences and individuals empowered, emboldened, and clamoring for more. George is the best-selling author of Power Selling: Seven Strategies for Cracking the Sales Code and Wise Moves: 60 Quick Tips to Improve Your Position in Life & Business. - Visit George Ludwig's Website |
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Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
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Jay Kubassek(Jay's Full Bio: EvanCarmichael.com/jaykubassek) In five years, Canadian-born entrepreneur Jay Kubassek went from selling mufflers at a Midas franchise to revolutionizing Internet marketing with the 2004 launch of CarbonCopyPRO, a online marketing education company, now worth over $20 million with customers in over 160 countries.
As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)
Jay's entrepreneurial spirit is irrepressible. He’s the owner of five companies, a professional speaker and trainer, international real estate developer/investor, extreme sport enthusiast and emerging philanthropist. Jay resides in NYC with his wife Jamie, son Milo and dog Cooper. Visit Jay's official website: www.JayKubassek.com - Visit Jay Kubassek's Website |
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