Starting An Online Store
Starting an online store and creating your own business for a fraction of the cost of a normal brick and mortar.
Tuesday, August 19, 2014
Advantages Of Owning Your Own Online Store
Some advantages of owning your own online store verses signing up as an affiliate are for one you can make a lot more money by buying wholesale and marketing up the price to make a profit. You are able to do this and still keep your prices below retail. Verses working on a commission or as an affiliate usually are start out at around 4% commission.
For example:
You are an affiliate just starting out for a company like Amazon who pay's its associates 4% who are
just starting out and you want to sell a dishware set for $16.95. That means for each sale you make you'll earn around 67 cents per sale. Now by having your own online store and having access to wholesale prices you can turn around and purchase the exact same product for say $8.75 and turn around and sell it for 10, 11, 12 dollars and still be below retail plus your able to make a lot more than 67 cents per sale. Follow?
What is nice about dealing with wholesale and companies who drop ship is that you do not have to deal with any inventory and shipping or any of that stuff. You can do it all from your computer from where ever in the world you want. Very cool.
One last thing before I end this post and that is the traffic that you can send your to your online store. Over time! You can build your online store so it runs all on auto pilot 24/7 around the clock.
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