Starting Your Online Business Part #2
The most common Internet business involves selling products or content. If you want to experience making money online sell something on eBay or Amazon. Doing that requires nothing more than finding some item to sell and putting it online. Both eBay and Amazon have online tutorials explaining the process.
This is a great way to get your feet wet making money online and you don’t need a web site or do anything but put your products up for sale. I have never offered anything for sale on eBay that someone did not buy. So, you quickly experience making money online. And you get rid of stuff you no longer need.
I am putting about a dozen items on Amazon today and expect to make $500 – $700 when they sell. These are some legacy cameras and some sports memorabilia. Collectible items are in great demand, especially old cameras in working condition. In my experience the best sale items are small and sell for at least $50.
Selling on eBay and Amazon may earn ‘pocket money’ for many of us. I know a local fellow who makes $35,000 a month on eBay, and that is rather unusual in my experience. However, if you want to venture into the realm of making ‘real’ money – those bucks that allow you to quite your J-O-B and set up your own online business – there are much better ways to do it.
My main Internet money-making is via affiliate marketing. An affiliate marketer promotes someone else’s product or service and earns a commission on each sale. There are many ups and downs to affiliate marketing. Click here for a free ebook describing affiliate marketing and other online money making opportunities.
So, to make a few dollars a month with few entanglements sell something on eBay or Amazon. If you are serious about starting an online business that brings in $5,000 or more a month read on.
Before you jump in with both feet there are a few things to learn.
- What you know gets you started. What you do not know puts you out of business. John Chow learned by trial and error at the beginning. Then he networked with people who knew more than he did and learned from them.
- Learn the different ways to earn money online. Click on this link and get a free ebook explaining the top methods. I have many web sites and make money via niche marketing. I earn money as an affiliate marketer. I also sell my own products. The free book describes the ups and downs of all of these approaches.
- Select one method and become an expert. Don’t jump from one thing to another like a bad golfer who thinks the next gizmo he buys will get him closer to par. Learn the game and stick with the niche you have chosen.
- Like top athletes and world-class business leaders you gain expertise one step at a time. There really is no overnight success. Be patient and your income will increase as you learn more about making your online business a success.
Watch this site for Starting Your Business Part 3
Filed under: Business
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