Selling a physical product has a ton of advantages over selling digital ones. While digital products have their benefits and have their place, nothing quite beats the broad appeal of selling something tangible that people can actually hold in their hands and use. Let us have a look at some of the top 5 ideas to start an online business.
The problem is that selling a physical product often requires a little more thought than going digital. In this post then, we’ll take a look at some surprisingly easy ways to start a business selling something physical.
Let’s get digital!
One option is to sell crafts. If you have the ability to paint, to make jewelry, or to sculpt with clay, then
you can turn that hobby into a money-making venture – and if you’ve seen the Penny Blossom episode of
Big Bang Theory then you’ll already know how this works.
Simply create your product, take some photos for eBay or Etsy, and then sell them! It really is that easy –
but make sure that the product you choose is something you can easily make in volume and that doesn’t
have high CoGS (Cost of Goods Sold).
Reselling is the oldest business model in the book. All you’re doing here is ordering large volumes of
something at a relatively low price (this is called wholesale) and then selling those items off individually
at a profit. Reselling is an online business idea that has worked wonders for many people.
Reselling is a very effective way to make money but involves a small amount of risk because
you have to buy inventory. If you start small though, you can reinvest your profit and thereby create a
fairly reliable business model.
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Yes, you can sell physical products as an affiliate. And most people reading this will already know that that means getting a commission on sales. The best place to find physical products to sell this way is to go to Amazon, where you can sell pretty much anything you can think of – and through a site that most shoppers will already trust. This happens to be one of the most lucrative ideas for online business.
Dropshipping is what many people consider to be the ‘ideal’ business model. This basically means you’re buying through wholesalers but you don’t have to put in bulk orders. Better yet, you don’t need to worry about fulfillment because the company will do that for you!
All you need to do is to sell the products and then pass the details onto the wholesaler that will sell the product. Best of all, some companies will even stay quiet and allow you to take credit for manufacturing!
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Selling Your Own Product
Finally, you can sell your own mass‐produced product. For most people, this will mean coming up with an
the idea, creating a 3D model, and then going to manufacturers in order to get it made.
There are different options today though. For example, how about creating your own book with POD
(Print On Demand) publishing? Or you could use a 3D printer and print out simple plastic items this way.
Today, it’s easier than ever to sell your own physical products. So what are you waiting for? Grab your ideas for online business.