With drop shipping, you’re effectively partnering with a manufacturer or wholesaler to sell their products. This way, you don’t pay upfront costs to buy inventory, aren’t sitting on unsold items taking up expensive warehouse space, and don’t have to deal with shipping the products yourself. You simply create your site, fill it with drop shippable products, and drive in customers, with almost everything else done for you.
Of course, there’s a higher price per product and your margins are lower, but you’re able to start your online store with little more than a Shopify theme and some hosted images of your products. When a customer makes a purchase, you in turn buy the product from your supplier who then ships it directly to your customer.
No inventory. No handling products yourself. No shipping by hand. Sounds pretty amazing.
If you want to supplement selling on your Shopify store with other marketplaces, here are a few other highly lucrative options:
Fulfilled by Amazon: Rather than drop shipping, Amazon lets you store your products in their own warehouses, making them available for Free 2-Day Shipping to Prime members. Which has been proven to significantly increase sales.
Etsy: If you’ve got handmade or crafty products, Etsy is a great marketplace to market and sell on (bonus points if your product is geared towards a more female audience)
eBay: The online auction giant is still in the game and especially good for selling electronics, gadgets, clothing and apparel, and accessories.
Craigslist: While the least scalable, it can be very cost- and time-effective to sell to people locally.
Just be sure to put a lot of care into your product listings. Everything from learning how to write a headline that’ll capture attention, to how effective the description is at convincing potential buyers your product is better than the rest, and even taking care to shoot high quality product photos can have a dramatic impact on your sales. I recommend using albania phone number material editing tools like Fotor, which gives you the ability to edit your images, create captivating graphic designs and more. And for some inspiration on how to sell more effectively, check out this guide to the MEDDIC sales methodology.
5. Find Freelance Clients and Sell Your Services
Find Freelance Clients and Sell Your Services with Online Marketplace Websites
If you have a marketable skill—like writing, designing, web development, marketing, project management, or anything else—one of the easiest ways to make sustainable extra money online is to start freelancing.
And while freelancing might not be as scalable as some of the other ideas we’ve spoken about, it’s not uncommon for solopreneurs to build healthy six-figure freelance businesses for themselves. (In fact, I’ve interviewed tons of them on my podcast!)
Today, over 54 million Americans are opting to forego traditional careers and start a freelance business.
There’s plenty of work and clients to be found. If you know where to look. To start, you need to know if there is enough demand for your skill to make it worth the effort to go out looking for work. Start by searching for freelance postings on sites like Flexjobs, SolidGigs, Contena or one of the dozens of other blogging jobs sites, WordPress developer job sites and even more skill-specific freelance job boards.
How many postings are there for jobs similar to what you do? If there’s a decent amount and it looks like there’s steady demand, put those skills down on a shortlist and start researching the companies and industries that are hiring.
Freelancing is a proven way to apply your existing skills to make money online
With drop shipping, you’re effectively partnering
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