If you want to set up your own online business you’re probably thinking: ‘What Can I Sell Online?’ The internet marketplace is expanding at an incredible rate and is increasing everyday with now some 40% of the world population having online access.
What Can You Sell Online?
The internet has become more than a medium to communicate,
entertain, educate and research. It has become a huge worldwide marketplace where people buy and sell online at every hour of every day. The first place to start for your own online business is to decide what you are going to sell online. The good news for online business entrepreneurs is that you can sell both physical and digital products.
Physical Products.
The best way to sell online is to provide products that take advantage of the convenience of the internet. Computers, books, consumer electronics and magazine subscriptions are popular physical products sold online. The primary reason why consumers buy online in the first place is convenience. People can shop at any time or day on the internet and avoid the frustration of over-crowded stores, waiting to pay and lack of choice due to limited shelf space.
The easy way to start selling physical products online is to become an affiliate of an established online retailer, such as Amazon. You do not have to worry stocking the item, organising the delivery or sorting out any returns or any other customer queries. When you sell a product via your own affiliate link, you will get paid a commission. Generally to sell physical products online your product price point needs to be between $100 to $500. Any lower than $100 will yield a commission payment that is too low and anything over $500 will be challenging as you may not have sufficient trust from your customer.
The main customer consideration when buying physical products online is the cost of shipping and delivery. Expensive shipping costs are the primary reason that will stop customers from buying online.
Selling Digital Products.
Many online experts consider digital products the best products to sell online. This is because they are delivered instantly to the customer by way of a download to their computer. There is no delivery charges or waiting time. For example, when you buy audio or video products online you can listen to and watch them immediately. There are many digital affiliate programs at Clickbank. It is free to join and has thousands of digital products to suit many different markets and audiences. Digital products can pay as much as 100% commission and successful affiliates can earn thousands from just one sale with high quality membership and training programs.