How to Sell a Product Online
Online retailing or eCommerce as it’s more commonly known, is a rewarding business. There are many people who are making substantial incomes by selling products and services online and many others making nothing at all.
Like any other type of business, you need to have a plan in order to get started. You can’t just jump in and hope things work out because many fail before they even get their first eCommerce site off the ground.
But what if you could build an eCommerce site that makes you $1,000 per month, (that’s $12,000 a year). I am sure you would say this would be a pretty good idea. What if you could build a website, or a bunch of websites, and turn them into cash flowing assets that continue to pay you thousands of dollars a month for the next 4 to 5 years, or longer?
Why an eCommerce Business?
The internet is killing traditional retailing…
It’s no secret that the internet has radically changed how we shop. These days, you can buy almost anything online with a few clicks of a mouse. Because of this, less and less people go to malls and department stores. That’s obviously is bad news for retailers that depend on foot traffic.
Of course, online shopping didn’t just suddenly sneak up on traditional retailers. It’s been steadily building since the 1990s.
But here’s the thing…
Most traditional retailers have underestimated the power of the internet. They didn’t adapt to it. Now they’re paying the price. Just look at these examples of some of the major retail stock prices that have plummeted over the last three years.
- Macy’s is down 45%
- Sears is down 72%
- J.C Penney is down 25%
- The Gap is down 42%
- Urban Outfitters is down 33%
Whereas, Amazon, the world’s biggest online retailer is up 130% since March 2014 and business online, globally is now in the billions of dollars annually.
Would you Like a Piece of this $400 Billion Market?
Estimates are, that during the year 2017 online retail sales will continue to grow to $434.20 Billion Dollars. If you doubt these numbers then take a look at these online retail growth stats:
- 2001: Alibaba.com achieved profitability
- 2002: eBay acquires PayPal for $1.5 billion
- 2003: Amazon.com posts first yearly profit
- 2009: Zappos.com acquired by Amazon.com for $928 million.
- 2010: the United Kingdom had the biggest e-commerce market in the world (per capita spend)
- 2012:eCommerce topped $1 trillion for the first time in history.
- 2013: Alibaba’s e-commerce market share is 80% in China
- 2013: India‘s e-commerce industry has grown more than 30% from 2012 to $12.6 billion
- 2014: There are 600 million Internet users in China (twice as many than in the US)
- 2014:Alibaba Group has the largest Initial public offering in history, worth $25 billion.
- 2015:China‘s online sales reached $253 billion in the first half of the year, accounting for 10% of total retail sales.
- 2015: Amazon.com accounts for more than half of all eCommerce growth worldwide.
- 2016 :Estimated retail eCommerce sales in Brazil was, $17.3 billion.
- 2017: Estimates are that online retail sales will to grow to $434.20 Billion.
Important News About Amazon
Amazon’s has recently announced that its is increasing its focus on ecommerce growth and they project that it’s $136 Billion in sales in 2016 is going to grow into over a half trillion dollars in the next decade. They are investing heavily in the infrastructure and marketing initiatives to keep customers coming back for their every need.
Why should you care?
Because you can participate in this unprecedented growth. A relatively large percentage of Amazon sellers are already generating life-changing money by leveraging the massive marketplace that is ‘Amazon’, and they benefit from Amazon’s investments in creating happy customers and now so can you by getting involved via an eCommerce business.
Here’s How the eCommerce Business Works
You identify products you want to sell in your online store, (maybe from Amazon). Or you setup a drop ship arrangement and a discount (profit margin) with a supplier.
“Drop ship means that when someone orders, the supplier ships the item directly to your customer. When a sale is made you get the profit margin from the sale”.
You then setup an eCommerce website and promote your selected products by writing a product review or a blog about the specific product you are promoting. If you provide quality content and interesting information, you will build a following for your website and a list of satisfied customers.
Here is an example of how this works out:
Product Sells For $49.95 – Product Cost + Drop ship Fee of $25.35 = Profit of $24.60
Watch a Video on How to Get Started
So once you have an eCommerce site set up, the best part, is you don’t have to physically stock any items, spend time packing it, or worrying about shipping it to your customer.
This is the power of eCommerce. If you know how to leverage technology then you or anyone can build an online shopping website that can do everything for you.
Fortunately, many e-commerce retail websites are built on the most popular content management platform available which is WordPress. Which is good news because it’s no longer difficult to start an eCommerce store and it can be run from the comfort of your home and if you know how to source products correctly, you won’t have any false starts.
Setting it up correctly also means you won’t even have to pay for inventory, until after a sale is made. So that means you don’t have to put money out for any products to get your business started.
The only problem is that it takes specialized knowledge to be able get to this platform and your online shop set up and working so that it will be profitable from day one.
If you are interested in e-commerce and are considering creating your own online business using WordPress, but you don’t know where to start, then I have got great news for you.
For less than
$70.00 $10.00 I can give you the solution to setting up profitable eCommerce site on WordPress with my WP Online Store Training Course.
Inside, is a 10 module video course, (that less than $1 each module) where you will get detailed training on everything you need to know about how to build a successful e-commerce store online with WordPress.
For more details click the image below:
How to Create a WordPress eCommerce Site
This is a 10 part video course in which you will get detailed training on everything it takes to launch a successful eCommerce store online!
For more details click the image below;
Anyone can start an e-commerce store with this course and it can be run from the comfort of your home. Especially if you know how to source products that are in hot demand and you can, with some additional software called Jungle Scout.
With the click of a mouse, you can see the estimated monthly sales volume of any product, its ‘Best Seller Rank‘, its ‘Sales Revenue‘ and many other criteria that are critical for identifying profitable opportunities for any Amazon product that you are considering selling.
Check the demo video below:
This tool saves you an incredible amount of time. You can now focus on managing sales, instead of wasting time on product research. It allows you to promote with confidence any Amazon product, eliminating the need for guess work.
You can see my review of this product using the link below.
|check out my review of Jungle Scout here|
The bottom line is that if you want a fun and simple way to make money from your computer, then these two products together, are a great way to do that.
The name of the game is focus on quality products and customer satisfaction. By promoting quality products that are first class, people will like them and will want to come back again for other purchases.
So start with one website and focus on a particular product or niche and build as many pages and posts as you can around that. Later add other links to other affiliate products when you have traffic coming to your site (Remember you are not trying to sell them the first time they visit your site). Provide quality information and build trust and both people and Google will like you.
Don’t lose sight of the fact that there is are some three Billion people online searching for solutions to problems.
Keep in mind, that every day you procrastinate, others will secure those potential customers that could be vital to your internet success and each day that goes by will reduce the chance that they will end up finding you first.
Remember that WordPress is the most popular content management platform available and most successful eCommerce retail websites are built on it.
Plus, I’m even giving you 60 risk-free days to go through this training and if you’re unsatisfied for any reason, all you have to do is contact me within 60 days for a full and prompt refund.
|Take a closer look at my WP Online Store Training Course here|
Need a Quality Sales Letter for your Products?
If you are wanting to attract customer, who begin as readers of your content then you want to be able to write well. Anyone can write good sales letters, provided they follow a simple format. Sales pages usually follow a certain format that can be applied to all markets. Let me share with you one technique I personally apply when writing some of my own sales pages.
If you want 99% of the work already done for you then you may want to see this.
|Done for you Sales Letters|
Why You Need This?
Why you need to seriously consider these products, is because traditional retailing is changing faster than you can imagine.
For example, Sears is one of America’s oldest companies, opening its first store in 1886, and the company later pioneered the mail-order catalog business. Helping it to become the world’s biggest retailer at one point, but recently it has laid off thousands of workers and it plans to close 150 (10%) of its stores.
All because they underestimated the power of the internet. They are not alone, here’s a list of major companies planning to close stores;
- J.C. Penney plans to close 120 (14%) stores in the coming months.
- Macy’s plans to close 100 of its stores.
- Payless – 1,000 stores
- RadioShack – 552 stores
- The Limited – 250 stores
- Wet Seal – 171 stores
- American Apparel – 110 stores
- Abercrombie & Fitch – 60 stores
- Guess – 60 stores
And that’s just scratching the surface of the decline of traditional retailing. According to Business Insider, retailers nationwide expect to close more than 3,500 stores in the coming months.
As if that’s not enough, three of the above companies, Payless, RadioShack, and American Apparel, have all filed for bankruptcy in the past year.
In short, online shopping is decimating traditional retailers. Creating a huge opportunity for creating your own eCommerce business. It is easy to see why many experts are expecting online retail sales to grow by hundreds of Billions in 2017.
If you enjoyed this post “How to Sell a Product Online” please feel free to share socially or leave a comment below.
If you leave a comment, I will reward you with a free copy of my book; List Building Success Secrets.
“If you want to build a list and don’t know how to start, then this is the book for you. Most people get stuck right at the beginning… Without a strong list, you won’t have a stable source of future online income”.
The book is awesome as are you for leaving a comment. Thanks
To bookmark this page for future reference you can do it now, using (Ctrl+D)
- Cash Generator - April 14, 2017
- How to Get Traffic for Your Website - April 10, 2017
- Internet for a business - April 4, 2017
- Part Time Work Online - March 29, 2017
- Who Wants be Millionaire - March 21, 2017
- How to Earn Money From Blogging - March 16, 2017
- Fix Credit Score Fast - February 24, 2017
- Start with an Online Business - February 10, 2017
- How to Sell a Product Online - February 3, 2017
- Repair Your Credit Score Yourself - January 15, 2017
- Work Online From Home - December 17, 2016
- How to List Build - November 28, 2016
- Learn to SEO - November 18, 2016
- How to Create an eBook Online - November 10, 2016
- What’s the Best Way to Make Money Online - October 9, 2016