If your business is not using eBay and other Internet
auctions, you could be missing out. Here are just a
few ways of generating additional income, profits and
cashflow from online auctions.
1. Convert Excess Assets to Cash
Sell personal or business items that you no longer
use. For example, are there slow moving inventory
items in your store? A major camera store chain sells
their slow movers, quite successfully, through eBay.
2. Buy and Sell Anything
Sometimes people put things out in the garbage because
they don`t need them anymore and don`t know anyone who
could use them. You can successfully sell some of
these items by Internet auction.
As well, if you pick up bargains from garage sales,
flea markets, importers, wholesalers, closeout dealers
or other sources, these items can also be sold through
online auctions.
3. Drop Shipping
There are suppliers who will ship one item at a time
for you. You don`t have to stock any inventory. You
simply pay your dropship supplier out of the money
you receive from your auction sale. They will ship
the product directly to your customer.
For further information about drop shipping, visit:
http://www.yenommarketinginc.com/dropship.html
4. Self-Publishing
Do you have expertise in a specialized area of
interest to people? Then, you could publish your
own information product.
A very popular format for self-publishing information
products is the electronic book (or e-book). E-book
compilers, some of which are free, are readily
available on the Internet. When people buy your
e-book, they can download it from your website or
receive it by e-mail.
You could sell such self-published information
products on eBay and other Internet auction sites.
Incidentally, online auctions are an inexpensive
method of testing the market for your information (or
other) products.
For further information about self-publishing, visit:
http://www.yenommarketinginc.com/selfpub.html
5. Reprint and Resale Rights
You may not want to produce your own information
products presently. Or, perhaps, you may already
have an information product, but would like to
supplement your income with additional, related
product offerings. This is where reprint and resale
rights come in.
You can buy the rights to reprint or resell excellent
information products created by other people. Some of
these rights are inexpensive.
In addition to selling these products from your own
website, you can use Internet auctions to create
extra sales. Another advantage of online auctions
is that they can create additional traffic for your
website.
For further information about reprint and resale rights,
visit http://www.yenommarketinginc.com/instantpub.html
6. Sell Your Services
Do you design logos or websites? Do you sell consulting
or other services? These, also, can be successfully sold
through eBay and other auction sites.
7. Run an eBay Consignment Shop
There are still people who don`t have a computer or who
don`t use eBay. You could sell on a consignment basis
for them, taking a commission on the successful sale.
You would need to charge for advertising expenses
incurred, such as eBay listing and selling fees.
8. Promote Affiliate Programs through Auctions
Some affiliate programs have brandable e-books that
contain your affiliate link. When people order from
the e-book that they bought from your online auction,
you get credit for the sale. As well, some of those
purchasers may sign up as affiliates, earning you
additional commissions.
Some of these e-books have valuable information that
is worth the nominal value you would sell it for on
eBay. In other cases, such an e-book is readily
available for free. In this latter case, you might
consider selling another related product and offer
the e-book as a free bonus.
For further information about affiliate programs,
visit http://www.yenommarketinginc.com/affiliate.html
9. Supply Fellow Online Auctioneers
During the gold rush days, it is said that those
who sold picks and shovels were more likely to make
money than those panning for gold. Similarly,
since there is such a big market for online auctions,
you can make money supplying eBayers with information
and auction tools to help them start and grow their
own online auction business.
10. Internet Auction Consulting
As you gain experience and expertise in online
auctions, you might consider charging for your
knowledge.
Consulting services, seminars, information products
and other ways of packaging your knowledge can
earn you additional income streams.
These are just a few of the ways you can profit
from Internet auctions.
Sunday, 17 May 2009
Is It Still Possible To Make Money On The Internet
Many people are saying that the internet is dead. So is there
still money to be made on the Internet?
The answer is a definite YES.
Research shows, time and again, that consumers want to spend
more online, and that the internet is fast becoming an integral
part of their lifestyle and it'll continue to be so. Internet
consumers are cautious and they want sites that are credible and worth shopping before they part with their money.
The traditional brick-and-mortar rules of business still apply
to internet business. It's prudent to remember that the internet is not your business goal; it's a medium in helping you achieve your business goals.
Adhere to my following Rules and you'll be on your way to
building a viable, sustainable and successful internet business.
1. Develop a viable business plan
The biggest reason why so many dotcoms failed is an inadequate
business plan of how and when they will achieve profitability.
To have a successful and sustainable internet business,
developing a viable business plan from the outset is crucial.
Your plan must have a clear and sincere vision that has meaning
to you and your business. Your main focus should be to 'plan to
profit within a set period of time' and this would require you to allow time for thoughtful researching, planning, execution and testing. You'll need to test out your business model first and ensure that it's viable and sustainable.
Don't make the same mistakes that many dotcoms made - trying to
build a global brand before their business model even worked as
it'll lead you into receivership faster.
Regardless of how fanciful and good your website is, if your aim is not to make profit, you'll go out of business.
2. Model someone successful
It's always wise to learn from the mistakes of other people
rather than to learn from your own mistakes as this can sometimes be very costly and painful.
Track and learn from benchmarked success stories, be they your
competitors or otherwise. Why would you want to spend time
re-inventing the wheel when you can learn from those who have
already been there and done it successfully. Learn how they
design their website, create products, write salescopy, their
sales process, etc.
3. Focus on a niche market
Don't be everything to everybody by trying to dominate a huge
and general market because you just simply can't do it
effectively.
Focus your internet business on a targetable portion of the
market or a narrowly defined group of potential customers.
Address the need for a product or service that's not being
addressed by mainstream providers. The advantage of this is that it's less competitive in such a market as large businesses won't want to be in it.
For this to be effective, the market niche that you're targeting must be fast moving, its customers accessible and there mustn't already be a dominant player in that particular market niche.
The key here is to find a niche market, assess the needs of the
market and then offer them your products and/or services that
meet their needs.
4. Differentiate your business
To capture a larger market share and be viable, sustainable and
profitable, you need to differentiate or distinguish your
business from your competitors; make your business special in
the eyes of your customers and/or prospects.
You can do this by creating what's called a Unique Selling
Propostion or USP and then effectively convey that USP to your
target market via your marketing efforts and business performance.
This's particularly crucial if you're operating in a highly
competitive market.
A USP is the one thing or idea that sets your business favourably apart from your competitors. Think about these questions: "What's the one thing that makes your business unique and distinct? Why should people buy from you and not from your competitors? Do you promise great value, benefit or service?"
Your USP is the focal point around which the success and
profitability of your business is built and so you must be able
to state it and fulfill it honourably and effectively.
5. Spent your funds wisely
Costs is one of the major determinant of your internet business's survivability. You'll need to carefully track and control your costs from the outset and make sure you can start to show a profit soon, as unmindful spending with no thought given to incoming resources will bleed you to death.
Credible websites not only require money to set up but also to
maintain; advertisement costs money. Driving traffic to your
website where you lose money on sales made is suicidal. Do your
sums; consistently refer back to your vision to ascertain whether an expense is warranted or meaningful.
6. Superior customer service
In addition to a viable business plan, a superior customer
service will be key to your success.
Superior customer service must be a high priority in your action plan. Build a trusting and long lasting relationship with your customers and prospects, send your staff for customer service training, fulfill your orders promptly, and constantly remind yourself the reason of your very existence.
This is crucial as it costs five times more to win a new customer than it costs to keep an existing customer. Moreover, a dissatisfied customer will tell, on average, five or six people about your bad service. The point I'm driving at here is that looking after your customers saves money and boosts profits.
Learn and apply what I teach you, do it right, and you'll rise
above your competition and blow them out of the water in no time.
About the Author
Copyright 2004 by Larry Lim, MarketingSphere.com
Larry Lim is a practising marketing strategist and tactician who dishes out highly effective marketing strategies and tactics that will enable you to successfully start and grow your business on the Internet.
His Internet Marketing Strategy website is jam-packed with internet marketing secrets and softwares that will skyrocket your sales, and shoot your profits through the roof.
still money to be made on the Internet?
The answer is a definite YES.
Research shows, time and again, that consumers want to spend
more online, and that the internet is fast becoming an integral
part of their lifestyle and it'll continue to be so. Internet
consumers are cautious and they want sites that are credible and worth shopping before they part with their money.
The traditional brick-and-mortar rules of business still apply
to internet business. It's prudent to remember that the internet is not your business goal; it's a medium in helping you achieve your business goals.
Adhere to my following Rules and you'll be on your way to
building a viable, sustainable and successful internet business.
1. Develop a viable business plan
The biggest reason why so many dotcoms failed is an inadequate
business plan of how and when they will achieve profitability.
To have a successful and sustainable internet business,
developing a viable business plan from the outset is crucial.
Your plan must have a clear and sincere vision that has meaning
to you and your business. Your main focus should be to 'plan to
profit within a set period of time' and this would require you to allow time for thoughtful researching, planning, execution and testing. You'll need to test out your business model first and ensure that it's viable and sustainable.
Don't make the same mistakes that many dotcoms made - trying to
build a global brand before their business model even worked as
it'll lead you into receivership faster.
Regardless of how fanciful and good your website is, if your aim is not to make profit, you'll go out of business.
2. Model someone successful
It's always wise to learn from the mistakes of other people
rather than to learn from your own mistakes as this can sometimes be very costly and painful.
Track and learn from benchmarked success stories, be they your
competitors or otherwise. Why would you want to spend time
re-inventing the wheel when you can learn from those who have
already been there and done it successfully. Learn how they
design their website, create products, write salescopy, their
sales process, etc.
3. Focus on a niche market
Don't be everything to everybody by trying to dominate a huge
and general market because you just simply can't do it
effectively.
Focus your internet business on a targetable portion of the
market or a narrowly defined group of potential customers.
Address the need for a product or service that's not being
addressed by mainstream providers. The advantage of this is that it's less competitive in such a market as large businesses won't want to be in it.
For this to be effective, the market niche that you're targeting must be fast moving, its customers accessible and there mustn't already be a dominant player in that particular market niche.
The key here is to find a niche market, assess the needs of the
market and then offer them your products and/or services that
meet their needs.
4. Differentiate your business
To capture a larger market share and be viable, sustainable and
profitable, you need to differentiate or distinguish your
business from your competitors; make your business special in
the eyes of your customers and/or prospects.
You can do this by creating what's called a Unique Selling
Propostion or USP and then effectively convey that USP to your
target market via your marketing efforts and business performance.
This's particularly crucial if you're operating in a highly
competitive market.
A USP is the one thing or idea that sets your business favourably apart from your competitors. Think about these questions: "What's the one thing that makes your business unique and distinct? Why should people buy from you and not from your competitors? Do you promise great value, benefit or service?"
Your USP is the focal point around which the success and
profitability of your business is built and so you must be able
to state it and fulfill it honourably and effectively.
5. Spent your funds wisely
Costs is one of the major determinant of your internet business's survivability. You'll need to carefully track and control your costs from the outset and make sure you can start to show a profit soon, as unmindful spending with no thought given to incoming resources will bleed you to death.
Credible websites not only require money to set up but also to
maintain; advertisement costs money. Driving traffic to your
website where you lose money on sales made is suicidal. Do your
sums; consistently refer back to your vision to ascertain whether an expense is warranted or meaningful.
6. Superior customer service
In addition to a viable business plan, a superior customer
service will be key to your success.
Superior customer service must be a high priority in your action plan. Build a trusting and long lasting relationship with your customers and prospects, send your staff for customer service training, fulfill your orders promptly, and constantly remind yourself the reason of your very existence.
This is crucial as it costs five times more to win a new customer than it costs to keep an existing customer. Moreover, a dissatisfied customer will tell, on average, five or six people about your bad service. The point I'm driving at here is that looking after your customers saves money and boosts profits.
Learn and apply what I teach you, do it right, and you'll rise
above your competition and blow them out of the water in no time.
About the Author
Copyright 2004 by Larry Lim, MarketingSphere.com
Larry Lim is a practising marketing strategist and tactician who dishes out highly effective marketing strategies and tactics that will enable you to successfully start and grow your business on the Internet.
His Internet Marketing Strategy website is jam-packed with internet marketing secrets and softwares that will skyrocket your sales, and shoot your profits through the roof.
Making Money on the Internet for Beginners
If you’re interested in making some extra money to pay off creditors or earn enough income to replace your current job or career then the Internet is the place where aspiring entrepreneurs are turning. Unlike traditional businesses, a business on the Internet can be started with virtually no capitol, with the exception of your website expense. You have to have a website if you want to do business on the Internet…PERIOD.
If you don’t have your own product to advertise on your website, there are literally millions of affiliate programs on the Internet who do have products and will pay you commissions to sell their products from your website. You can choose to sell cell phones, or internet services, candles, furniture, or maybe insurance, the field is wide open. The affiliate program you choose will also handle all the money, shipping and correspondence with your customers. All you need to do is to generate the traffic to your new website in order to make the sale.
Often times the affiliate program you join will offer you free websites and that is great, but you will never generate enough free traffic to these affiliate sites to succeed without having your own website. Why you ask? For one, the search engines don’t list affiliate sites and you definitely want to get listed in the search engines, this will be your biggest free traffic source.
One of the best ways to generate free traffic is to get involved in link exchanges. You will basically place a link to another site on your website and they will in turn place a link on their site to yours. Once you have exchanged several hundred links a portion of your link partners traffic will come to your site. The free websites you have been given via your affiliate program will not be able to be edited in anyway, thus link exchanges are not an option.
Link exchanges produce a double bonus also. Not only will you get traffic from your link partners, the search engines will place you higher in their listings when they see lots of links pointing to your site.
The Internet was created to provide information, so if you want to succeed on the Internet and generate lots of free traffic, you are going to have to provide information on your website. Often times we do this by providing free information or articles on our website.
Offering free and useful information will keep your visitors coming back to your website, and the double bonus here is that the search engines love content. The more content your website has will produce better listings in the search engines.
Once you have perfected this process of building a website, getting listed in the search engines and have developed a huge traffic stream to your website, your going to be making sales. It will start out slow and as you build links and content, the traffic will grow and so will your sales.
Affiliate programs can be a great stepping stone to get your foot in the door towards cashing in on the riches that the Internet provides.
As time goes by you will find that you have learned so much and have evolved into an Internet Guru and now it’s time to take it one step farther, and start selling YOURSELF.
Using the knowledge that you have gained, you may want to venture into selling your services to other entrepreneurs just getting started. You could start a consulting business, or you may offer to build websites, or to help your clients get listed in the search engines. You may want to start writing E-Books and selling them. The possibilities are endless.
The Internet is a huge marketplace that is still virtually untapped. Don’t waste another day worrying about how you’re going to pay your creditors or provide for your family in the future. Start an Internet business today and see how your life can be changed for the better.
Gwen McClure is the President and CEO of,a practical guide towards building a money-making Internet business on a beginner’s budget. Packed with instant usable tips, it’s the ultimate guide for beginners!
If you don’t have your own product to advertise on your website, there are literally millions of affiliate programs on the Internet who do have products and will pay you commissions to sell their products from your website. You can choose to sell cell phones, or internet services, candles, furniture, or maybe insurance, the field is wide open. The affiliate program you choose will also handle all the money, shipping and correspondence with your customers. All you need to do is to generate the traffic to your new website in order to make the sale.
Often times the affiliate program you join will offer you free websites and that is great, but you will never generate enough free traffic to these affiliate sites to succeed without having your own website. Why you ask? For one, the search engines don’t list affiliate sites and you definitely want to get listed in the search engines, this will be your biggest free traffic source.
One of the best ways to generate free traffic is to get involved in link exchanges. You will basically place a link to another site on your website and they will in turn place a link on their site to yours. Once you have exchanged several hundred links a portion of your link partners traffic will come to your site. The free websites you have been given via your affiliate program will not be able to be edited in anyway, thus link exchanges are not an option.
Link exchanges produce a double bonus also. Not only will you get traffic from your link partners, the search engines will place you higher in their listings when they see lots of links pointing to your site.
The Internet was created to provide information, so if you want to succeed on the Internet and generate lots of free traffic, you are going to have to provide information on your website. Often times we do this by providing free information or articles on our website.
Offering free and useful information will keep your visitors coming back to your website, and the double bonus here is that the search engines love content. The more content your website has will produce better listings in the search engines.
Once you have perfected this process of building a website, getting listed in the search engines and have developed a huge traffic stream to your website, your going to be making sales. It will start out slow and as you build links and content, the traffic will grow and so will your sales.
Affiliate programs can be a great stepping stone to get your foot in the door towards cashing in on the riches that the Internet provides.
As time goes by you will find that you have learned so much and have evolved into an Internet Guru and now it’s time to take it one step farther, and start selling YOURSELF.
Using the knowledge that you have gained, you may want to venture into selling your services to other entrepreneurs just getting started. You could start a consulting business, or you may offer to build websites, or to help your clients get listed in the search engines. You may want to start writing E-Books and selling them. The possibilities are endless.
The Internet is a huge marketplace that is still virtually untapped. Don’t waste another day worrying about how you’re going to pay your creditors or provide for your family in the future. Start an Internet business today and see how your life can be changed for the better.
Gwen McClure is the President and CEO of,a practical guide towards building a money-making Internet business on a beginner’s budget. Packed with instant usable tips, it’s the ultimate guide for beginners!
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