Tag Archives: additional income

Maximize your earning potential by using the power of the Internet. It does not matter if you already have a blossoming corporate career, run own business or a perpetually busy homemaker. If you are open to the idea of generating sales while you sleep then this may be for you. A little extra time of course, is required to understand how it works and to take care of it. These selling platforms however can be pretty simple to set-up and easy to manage once it is up and running.

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1. Amazon

Founded by Jeff Bezos in 1994 to initially sell books through the then developing webspace, this e-commerce powerhouse has become the global leader in online retail. Its market reach is unparalleled world-wide with net sales reaching $136 billion (USD) in 2016 alone. In 2014, it was recorded that Amazon receives 95 million monthly unique visitors and ranks first in reputation according to a 2016 survey by the Harris Poll. You can have access to this market to literally buy or sell goods and services ranging from “A to Z”. All you have to do is sign-up so you can start selling your: products, services, apps, written works or earn affiliate (advertising) income from Amazon.

2.

The company was started in 1995 by Pierre Omidyar to create an auction website “dedicated to bring together buyers and sellers in an honest and open marketplace.” If you would like to sell your pre-owned items or even brand new goods, this is the place to do it. The site has an Auction and Buy It Now options, depending on how you would like to sell your products. They currently have 171 million active buyers, in 190 markets, viewing 1 billion live listings, through 370 million app downloads from a top 10 retail brand. This gives you an idea of the type of global market reach available to you once you post your first item up for sale.

3. Etsy

This business sets itself apart from the previous two by targeting a different type of market segment. Shoppers can find products that have more of a personalized touch, some vintage items and even antiques. If you like to create unique products that have a lot of character and considered not so mainstream, then you just might be able to turn your hobby into a viable business here. Created in 2005 by a company called iospace, this e-commerce site would eventually grow to 28.5 million active buyers purchasing from close to 1.74 million active sellers in 2016. There is still definitely a lot of room for your wares to gain a loyal customer base.

4. Facebook

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The world leading social network can be used for much more than seeing your friend’s photos, article links or status updates. By accessing the Groups section of the website and using its search bar, you can find an abundance of niche groups to offer your items to. Examples are used cars, real estate, collectibles, electronics and baby products to name a few. Launched in 2004 by Mark Zuckerberg, its has over 2 billion million active subscribers who have logged on at least once a month. With this many users, there is a good chance that you will find a Group or two that you could display your products on.

5. Your own online store

If you would rather build your own brand and have a good amount of patience, then creating your own e-commerce website is the way to go. It could also potentially help you build skills along the way in terms of website design, computer programming, marketing, photo editing or even content writing. You could simply hire someone to build your website for you through one of the many freelancing websites available if you would rather have a hassle free, turnkey online store. In any case, having your personal website will offer you a lot more flexibility to create your retail space and allow your visitors to focus solely on the items you are selling. Among the leading website builders that make it easy for you to set-up your own website in a few hours or even minutes, if you know your way around are the following:

Wix – Allows you to drag the elements you like to use and drop in onto a selected area of your webpage. Straightforward and easy to use.

Weebly – Very easy to use though it does not have additional tools to eventually improve your website with.

Shopify – Design skills are not necessary. It makes it possibly to acquire apps to upgrade your website.

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