Sunday, February 8, 2009

My Internet Business Basics: Selling To Where Online

By Trisha Frauenhofer

Before you launch your own webpage, there are a few options that you could try first. These options will give you a better feel for the internet in regards to buying and selling. These are a few of the website options and assistance with how to decide what to sell such as eBay and Etsy.

There are two my internet business sales options we're going to review - eBay (which you've probably heard of) and Etsy. Both give a venue for you to sell to qualified buyers, and both have their ins and outs, including ways to automate product loading. Understand that we're not endorsing either of them - just providing a conduit of information for you to make an informed decision from.

EBay offers options to having your own store or just your own auction site. You can personalize it however you want. You decide the price, shipping price, descriptions, and pictures. It is relatively simple to figure out and there is already a customer base. People from all over the globe recognize and use eBay. If you are going to venture here, avoid the places that will help you sell your things on eBay. They charge up to 30% of the purchase price. Doing this also will not help you reach your goal of launching your own webpage.

The next step up from Cafe Press is Amazon Shops. Amazon Shops lets you print books on their Booksurge service, or just sell used books online. My internet business is not limited solely to books - we've sold tee shirts, cookware and electronics on ours. Amazon Shops charges $40 per month as a listing fee and takes anywhere from 10% to 25% of the sale price of the item. The advantage is that it's a natural destination for selling things online. Millions of customers go to Amazon every day. The setup is more involved than Caf Press is, but the reduced fees probably make it worthwhile once your business grows.

My internet business reviews Etsy as a similar site to eBay, but it focuses on handmade things. Etsy charges smaller listing fees than eBay does, but has a smaller clientele. That said, Etsy's clientele is looking for handmade things, and it has a comparable set of options for setting your own custom web shop. Etsy has a few more search options than eBay does, like a color search wheel, even a geolocator. The aim for Etsy is to be the online equivalent of a crafts fair.

So, now that you've picked a sales venue, what next? First, save any item descriptions for things you'll regularly have in stock in a text file or word processing file. It allows you to cut and paste whenever a new item shows up. Next is to figure out what you're going to sell - the most common choice is to buy items at wholesale (or as remaindered goods) and sell lots on eBay. You'll need to do some research to find a supplier (and a good price) and to research what your sales niche is.

Deciding what to sell is the next step - you'll want something that's distinctive, and that you can get at a reasonable price, and can sell for a reasonable markup. Again, Amazon and eBay are good places to do the research. Any time you think of something you might sell, do a search for it on eBay or Amazon and see how many other people are selling it. Also look at how they're selling it; the mistakes of your competition are how you propel yourself in this business.

Finally, keep your options open. Never ever sign an exclusive deal, and always be on the lookout for new products you can sell; not all products have to be made of atoms, Informational products are also a natural product for the Internet, and may be the product type that catapults you into doing your own web shop.

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