Ready to enter the ecommerce fray? Why not sell your own stuff. Of course, along with selling your own stuff on your own website comes a whole slew of both responsibilities and technical configuration and requirements. For starters, you'll need a website and a hosting account. You'll also need a merchant account (sure you can use Stripe or PayPal). Then you'll need to design that site, build a sales funnel, create a lead magnet and do some email marketing.
Monetize a hobby. While some hobbies actually cost money, others can be transformed into a profitable business venture. Ultimately, it depends on what your hobby is and how talented you are. You could turn your love of photography, for example, into a part-time gig taking family portraits and wedding photos or selling prints on Etsy or at arts fairs.
But I am currently a reseller for a web hosting co, and keeping in mind i’m a bit web rusty (i’m an older (back in the day…crazy to even say that at 33, and with 3 kids to help com bust my time schedule haha. But honestly, I’m not a writer by nature and have a bunch of websites, no blogs (considering). But have a nice brand and a bunch of .ca, .org, .net blah blah to secure the brand. I need to crack this SEO thing i guess.
Research selling prices of items similar to yours. Look up completed sales or current listings of items similar to yours. Find the high- and low-end prices, and price your object around the median price level. If you want your item to sell quickly, price it at the low end. The condition of the item also affects the price. Items in poorer condition should be priced at the lower end. Also, consider how many listings there already are of items similar to yours. If many similar items will be competing with yours, you may have to set the price lower to get the sale.
To be honest, when we launched DigitalSynopsis.com, we had no idea it was possible to make money online. Three years and a gazillion pageviews later, it’s safe to say that success in blogging (like any other business) depends on how much you’re willing to give to it. As cliche as it sounds, there are no shortcuts. What pays off eventually is perseverance, dedication and the ability to observe and implement what works in your niche. If you enjoyed this post, share it with a budding entrepreneur. Have something to add to this article? Use the comments section below.