Home Business Idea – Thrift Shopping
Thrift Shop From Home
Here is a booming business in the offline world that may surprise you. Thrift shops are moving from the dusty places we used to sneak into to brightly lit stores, that are even getting franchised, that are so popular that even teens like them! If you are not familiar with the new wave in second hand shops, you may want to read this: Thrift Shops Are In!
How Can Second Hand Shopping Be A Good Home Business?
Look, the simplest form of this is hardly new. I used to know a couple of people who woud snatch up great deals at garage sales, and then hold their own garage sales with markups to earn money! They had learned what sorts of things peope who shopped garage sales wanted to buy, and had learned how to find them fast at other sales. This was a simple form of on the street arbitrage!
But I am not suggesting you do this. I am suggesting that this is a great idea of an ecommerce website or even EBay store.
Lower Profit Margins Still Equal More Profit
In an upscale used clothing store, for example, they may sell gently used brand name clothes for about 1/3 of the retail price. In return, they will buy those items for 1/3 to 1/2 of that. Those stores have a lot of overhead like rent, utilities, and employees. You, on the other hand, have less overhead if you do this from home on the internet!
So where they may pay $8 for a $60 pair of Abercrombie jeans (that has been gently worn), and then retail it for $20. You may be able to profit by paying a bit more and selling for a bit less. Just remember you will have to recoup shipping charges most of the time. So you could pay $10, and sell for $15 with a $3 shipping charge. You are still coming in for less, and paying more. You can probably operate at a lower profit margin than a big brick and mortar store can!
Consider a Second Hand Online Business!
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Categories: Self Employment Tags: ecommerce, Internet Business, second hand store, thrift shop
Explain Affiliate Marketing – The Cycle from Web Browser to Income!
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I think Julia B also posted a great note on the basics of affiliate marketing. I want to give her credit, and her post is: What is Affiliate Marketing. We webmasters work hard to deliver internet visitors to our website, join some affiliate programs, put up links, and after a lot of hard work, hope to make some money!
I found this picture on Wikipedia, and it said it was under the creative commons license for reuse, so I am taking the liberty of illustrating my post here.
1. Brand or Seller has a product/service/message to deliver. They start an affiliate program. These programs could be in-house, or they could be managed by a network of affiliate programs.
2. An affiliate is usually a website owner. This could be an individual or a company. They join the affilaite program and promote the seller in hopes of making income in the ways that JuliaB described (i.e. pay per click, pay per sale, etc.)
3. Of course, customers are the key asset. Visitors to a website may be interested in the product or service or message being displayed, click through to the actual sales page, and then perform whatever action will make the actual affilate money.
These actions are tracked because each affiliate will get a unique tracking code they use to link to the seller. They will usually have some sort of statistics page they can log into so they can keep track of how well they do.
I think that those of us who do this business every day think this is obvious, but most casual web surfers do not really understand this process at all.
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Categories: Internet Business Tags: affiliate marketing, Internet Business, money online
