How To
How to Sell Products Online and Earn Big? | Profitable Product Ideas to Sell Online in 2022
Making money online has a lot of benefits. Aside from the convenience of working from home, you can reach a global market with a low startup cost. Online sellers have several options depending on what they wish to sell, what type of customers they want to target, and of course, what kind of infrastructure they have, In addition, they also have to take into account the cost of how much they are willing to spend.
Although we can agree that by selling products online you can earn big. It can also work as an extra source of income for many people, and later on, when it gets a boost you can convert it into a full-time thing. In this article, we are going to give a glance at how to sell products online and earn big.
- Websites to Sell Product Online and Earn Big
- How can I earn money by selling online?
- How do I start online selling?
- Is online selling profitable?
- Is eCommerce a good option?
How to Start Selling Online? | Online Selling Ideas for 2022
There are a few steps that you need to follow to Start Selling Online. They are as follows
Decide The Product That You Want to Sell
The first step to Start Selling online is to decide on the product that you want to sell. As E-commerce is a very huge marketplace so you need to narrow it down to a niche. Choosing a smaller niche will make it easier for you to decide on the market. When deciding on your niche, take into account the products you are interested in. Choosing an industry you’re passionate about will make starting your business and building your brand easier and more rewarding.
Choose the Right Domain Name
It is very important to choose the right Domain name, the name that will reflect your product and business. You might want to name your business at the same time as you choose your domain name. That way, you can pick a domain name that reflects your business without having to worry about choosing a name that works as a domain name or is already taken. You should also remember one thing before choosing the domain name that is the name should be clear, short, and easy to remember.
Building Your Online Store
Before Building an online store, you need to select the best platform on which you want to start your online store. Creating a beautiful, effective online store without writing a single line of code can be accomplished by finding an eCommerce solution that provides all the tools you need to create your web store, add products, create a checkout process, and more. There are many websites that provide you will all the facility to create an online store at an ease.
Set a Payment Gateway
There are many ways available to collect the payment. You can start accepting online payments that are easier and more convenient. The most popular form of online payment is credit cards, but other payment methods are worth considering, too. PayPal is extremely popular, and digital wallets such as Apple Pay, Google Pay, Amazon Pay, Visa Checkout, and Masterpass provide a fast alternative for those who do not wish to enter their credit card number in online checkout. All these payment modes are safe and easy to use.
Choose A Shipping Method
Since your customers will be ordering online, your shipping method will be essential to them receiving your products. The first step in managing your eCommerce web store is understanding eCommerce shipping so you can make the right choices. While free shipping is extremely common for online stores, you’ll need to absorb the costs, which is why it’s recommended to start out using real-time rates provided by your shipping provider.
Promotion of Your Online Store
It is imperative for you to market your online store right away to ensure a steady flow of customers. We recommend a multifaceted marketing strategy that includes social media, email newsletters, search engine optimization, and paid advertising. You can also Issue some discount coupons and vouchers. Your Facebook Business Page should be loaded with your company information and images, with a link back to your website.
Social media is a great tool for getting your name out there and engaging with customers. Instagram and Pinterest can also be used as engagement platforms to create a strong customer base. By optimizing your website for search engines such as Google, Bing, and Yahoo, you can attract new customers to your website.
Read More:
- Self-Employment Ideas for Beginners – How to Start?
- Creative Small Business Ideas along with Full-Time Job
Grow Your Online Store and Business
As soon as your business begins to take off and you start receiving orders, you’ll need to process them quickly so that you can fulfill them. The growing customer base of your business can present a challenge, and you’ll have to find ways to balance the time you spend on different tasks with your ability to provide excellent customer service. Businesses often struggle here if they aren’t prepared, so it’s important to have the tools you need to grow and sustain.
Websites to Sell Product Online and Earn Big
There are many websites that give you an option to sell your products online, and earn big
Amazon
As one of the leading online marketplaces in India, Amazon is a favorite of businesses due to its global reputation and years of presence on the market You can sell anything, from small gifts to electronics, on the platform. Commissions vary according to product categories, starting between 2% and 5%.
Flipkart
The Flipkart marketplace is another popular online marketplace in India for selling products. This marketplace deals with household vendors across a wide range of product categories: fashion and apparel, health and wellness, beauty and cosmetics, cosmetics, furniture, etc. Commission fees will vary based on the category and sub-category of the product.
Snapdeal
Snapdeal is another top online marketplace of Indian origin. You can sell products ranging from office supplies to furniture and home decor. The commissions they charge depend on the type of product you sell and how much you sell it for.
Myntra
A leading fashion and lifestyle marketplace in India, Myntra. Unlike other platforms, Myntra allows only business entities to list products on their marketplaces. This means that individual does not have access to the platform unless they own a legally registered business. Although there are no seller registration fees, depending on the category and brand Myntra charges a commission of a flat 4%-6%.
eBay
To sell on eBay, you’ll need to create an eBay Seller account or a business account. Once you’re verified, you’ll want to list your products using the format eBay provides. In addition to selling art, vintage jewelry, baby products, and second-hand goods on their marketplace, you can list 250 items for free per month. After that, they charge $0.35 for each item listed. Furthermore, they charge 10-15% of the final price once your item is sold on their marketplace.
Meesho
The Meesho marketplace is comparatively new and offers you the opportunity to sell a variety of products. They have businesses selling clothing, footwear, kitchenware and decor products, electronics, and much more on the marketplace, making it possible for even individuals to sell to thousands of buyers. There are no commission fees currently charged by the marketplace.
Facebook Marketplace
If you have a Facebook page for your business, you might want to consider listing your products on the Facebook Marketplace. Statistics show that the marketplace has over 1.79 million active users. Facebook does not charge any fees for listing products in the marketplace as they used to charge 5% per shipment.
Etsy
You can also list your products on Etsy, an online marketplace similar to Facebook. This is an important marketplace in India and deals particularly for items like artwork, crafts, and DIY goods. 15% of purchases made through their marketplaces will be charged as a commission.
FAQs on How to Make Money Selling Things Online
1. How can I earn money by selling online?
Online marketplaces such as Etsy, Shopify, eBay, or Amazon and your own website are the most common ways to sell your stuff. Combining the two is also a possibility. Marketplaces are easier and faster to start, but they charge transaction fees that can impact your profits.
2. How do I start online selling?
Few steps to look to start online selling:
- Do a proper market analysis.
- Find your niche and product that you want to sell.
- Research about all the possible eCommerce platforms like Amazon, eBay, Flipkart, Facebook, and more.
3. Is online selling profitable?
Selling a product online and selling it at a profit are two different things. You need to analyze the profit ratio properly before starting an online sale. But, according to research creating your own website can help you earn big.
4. Is eCommerce a good option?
Ecommerce is a very profitable and good option to earn money. Ecommerce has around $100,000 million industry. As it is a good option but finding a niche and establishing a market of your own is one of the major difficulties you can find while selling online.
Conclusion
There are also ways to make money online by selling certain things such as study courses, homemade products, books and poems you write, and lots more. If you want to ensure that your content is seen by the maximum number of people, you can utilize free and paid resources such as LinkedIn, Pinterest, Twitter, Instagram, and more.
Here, we have mentioned your list of some websites that provide you with different selling options, all you need to do is find your niche and start earning big by selling online. You can even explore our other articles on Here are the best online business ideas to start.
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