1. Sell Online on Amazon, eBay etc.
If you
wish to get mileage from popularity of existing online stores, sign up
as seller on Amazon. It is the world’s largest online retailer with
presence in many countries. Of course, you can decide where you want to
sell.
To sell on Amazon, you have to register as seller
and create an account. Upon getting the account, you can upload
pictures and brief description of the product on their online store.
Similarly,
you can also sell on eBay. Generally, eBay is popular among people that
wish to sell used or old stuff. That is not entirely true. You can sell
new products on eBay too.
Register as seller on eBay,
accept their terms and conditions. The next step is uploading pictures
of the product, brief description and price.
Advantages of Amazon, eBay etc
Selling
on online stores like Amazon, eBay and others offers one distinct
advantage. You get instant access to millions of potential customers
worldwide. Even if you do not get sales, your product gets free
publicity among millions of potential buyers.
Amazon,
eBay and others also guarantee your payment. Once a product is sold and
delivered to the buyer, you need to wait a few days before receiving the
money. This amount can be sent to your PayPal or bank account.
Disadvantages of Amazon, eBay etc
There
are a few inherent disadvantages of selling through online retailers
like Amazon and eBay. Prime among them ranks the ‘Returns’ policy. This
means, you may have to accept a product returned by customer and refund
their money.
The second flipside of Amazon and eBay
among others being the fee they charge for selling your stuff. This can
become a considerable amount if you make brisk sales, without returns.
Adding
mark-up for online retailers can send cost of your product
skyrocketing. This can become a major disadvantage if you are competing
on prices with topmost players in the market.
Invariably, their products will be cheaper or cost slightly higher than your variant.
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