Making money online becomes infinitely easier when you have a physical product to sell, as opposed to a service or merely a dream, but even then it’s not quite that simple. You can’t just take a physical product, slap its photo on a website and expect the big bucks to come rolling in. Like any business, you must have a solid plan, and it helps to have a few backups in case your original plan doesn’t quite come to fruition. The following is a brief rundown of what is known as the ecommerce of physical products. Whether you have a new product or an existing product that you are trying to sell online, follow these tips and you could become the next ecommerce success story.
Is Your Product Viable To The Market?
Before you can hope to attempt making money online, you have to make sure that your product will bring in the kind of attention and revenue that you hope to generate. If your product is a new one, a ton of research is in order, which can usually be conducted online. You need to find out if there is a market for your product, what people are willing to spend to buy your product, and it would help to identify any competitors that you might be vying against.
If your product is one that has already been manufactured and sold before, it would help to find others that are selling that very product. Find out how much they’re charging, read their product descriptions online to see if you can borrow any takeaways and see if you can identify their target market.
If you are positive that people will be clamoring to buy whatever it is you happen to be offering, the next step is to identify pain points so that you can further entice your target audience to buy once you place your products for sale online.
When involved in the ecommerce of physical products, you are likely to use a few marketing materials in your quest for greatness and riches. You may use a website, a squeeze page, email marketing and a few other techniques; and these should all include pain points, which are essentially problems that your audience may be facing that your product can help them solve.
For example, a pain point for a new acne cream might be the horror of forming a zit right before a big date or job interview. You will want to come up with as many pain points as possible, as you will be using them throughout your marketing campaigns. They should be used in your sales letters, emails, social marketing profiles and anything else you may use for making money online.
Effective pain points will help your audience see the viability in your product and should entice them to buy. You can often learn of various pain points by perusing forums and social media where you can find people talking about your products, similar products or a lack of those types of products on the market. If it’s the latter, you’re in luck and that should be a green light to offer your product online immediately.
Website And Email Marketing
An effective way of making money online is to set up an ecommerce website with an opt-in box and a photo and description of your product, along with the aforementioned pain points. Get your audience to sign up so that you can communicate often via email, thus enticing your customers to buy and setting up them up to become loyal repeat customers over time.
Making Money Online Via eBay And Amazon
Instead of setting up your own website, you can take advantage of size and popularity of already-established marketplaces, such as eBay and Amazon. There may be people searching for your type of product on those platforms right now as you read this. Start listing your products on one of the platforms, or both, and pay attention to other sellers, their practices and read the respective forums to get ideas on how to better succeed at the ecommerce of physical products.
The above is an outline of the steps you would take to start making money online, but this is just the beginning. The professionals use all of these steps and more to sell their products. They set up ecommerce sites, sell on eBay, Amazon and any other marketplaces that suit their needs. They may also sell on Facebook, Etsy or other social networks. This can get complicated very quickly so it is recommended that you start out slowly if you are going to attempt to earn a living through multi-channel selling.
Once you get the hang of it, however, and if you can manage to sell a product that people actually want to buy, you could soon see yourself sitting on a goldmine of possibilities. That is how you make money online. It’s not for the faint of heart, but you can do it as long as you believe in yourself and never give up, even when the going gets tough.