You can set
up an online store to sell a wide variety of products.
However, it will cost you few thousands dollars to start an
e-store. One way to start an online business with minimum
capital is deal with drop ship wholesalers. So how drop
shipping works?
- A drop ship distributor is a wholesale
company that will ship one product directly to your
customer.
- You don't need to pay for an item
unless it is sold.
- You don't store any inventory.
- You don't package and ship merchandise.
- Your
customer pays the retail price for the product to you and
you pay the cost of the product to the drop ship
distributor. The difference is your profit.
Drop
shipping system makes it affordable for anyone to start an
online business due to the benefits it offers. EBay is the
best place for you to start selling your products with drop
shipping system. One strategy you can try is sell the
similar items to the one that have attracted several bids in
eBay. For instance, say you have opened an account with a
cell phone drop ship dealer and ready to sell cell phone on
eBay. You found that a Nokia 8810 cell phone have attracted
7 bids, so what you can try to do is list the similar item
immediately with lowest price possible. Of course, there is
no guarantee that you will make any money with this
strategy. There are many more auction selling ideas you can
find from the Internet which can help you make a steady
income on eBay.
Be a
Freelancer
There are
many freelance job sites consist of a long list of freelance
job contracts. These freelance sites usually offer the
following jobs:
1) IT jobs
(web-design, Java, PHP, script-installation, programming,
graphic design and so on)
2) Writing &
Editing Jobs
3) Administrative support (Data entry) & accounting services.
You may join
several freelance sites for free and start bidding for the
projects and contracts that are right for you. You can also
make extra money writing articles and essays. There are
places and websites where you can sell your articles and
essays for a price anywhere between $5 to 25 per article.
Furthermore, there are forums and blogs offer to pay anyone
who post message and article to their websites.
Be an
Affiliate
Affiliate
makes money online by selling other people's stuff. An
affiliate earns commission whenever someone sent by him/her
to his/her merchant's website makes a purchase. Clickbank is
one of the best places you can find an affiliate program to
join because it is the largest e-book store and contains a
ton of merchants looking for people to sell their e-books.
The main task of affiliates is promote and advertise their
merchants' websites (affiliate links). One method to promote
affiliate program is advertise on Google. To advertise on
Google you'll first need to open a Google AdWords account.
You can start advertise on Google immediately after paying
$5 account activation fee. Your cost of advertising is
calculated in pay-per-click basis. Meaning Google will only
charge you whenever someone clicks your text ad.
Paid Survey
Taking
online paid survey at home is an easy way to make money
online as you don't need any special skills and knowledge to
complete paid survey job. In order to increase the money you
can earn, you need to join as many market research and
survey companies as possible. However you can't expect how
much money you will make monthly because you have no idea
when a paid survey invitation will send to your mail box.
Thus it is not an ideal way to make a wage but a great way
to make some extra income for paying your monthly bills.
by Kum Cheng Liew