Sell Products from Home

·         Planning and procuring the product cheap

·         Developing a product and trade

·         Promoting efficiently and marketing it fast

Home based trade ensures living while cutting costs on movement and other factors. Selling from home can be gainful if there is demand for the product. The correct product combined with selling skills can help reap abundant profit working from home.

1.    Planning and procuring the product cheap

 

·         Identifying the products which can be most enjoyable and you are skilled at.  For e.g. in crafting, sewing or cooking you may decide to make and sell home decor, accessories, jewelry or edible items.

• Have an eye for bargains on products.

 

• Consider becoming a specialist for a established home-based direct sales company.
• Identify really good products and products that are convenient, portable, and cheap to manufacture. The product which makes life easier for customers. The product which can be easily shipped. The product which is easier to manufacture. The product which can get high margins.
• Avoid products which are overly mechanical and liability-prone, product demanding super high quality standards.  Avoid the products which are imported by big retailers like business chains markets.

• Understanding the size and competitiveness of the market. The size of the market is based on spending capacity of people today on product sold. Research market size online by consulting market studies, journals, and reports. The bigger the market size, the bigger the market opportunity. If there are a lot of people vying for a piece of the pie, trade is going to be very hard. If there are not as many people vying for a piece of the pie, there is an opportunity to make more money

 

• Stocking up on the product by buying wholesale. This would avoid middlemen commissions and profit margins will be high.  Buying wholesale and then flipping the product without changing it in some significant way. Fashion the product into reality.

 

2.    Developing a product and trade

 

Open a new bank account to keep the trade earnings separate other income to enable transparency in accounting system. All software for business computer or laptop must be licensed organized and invoices should be properly set up.

 

3.    Promoting efficiently and marketing it fast

• business cards should be distributed to potential customers. Request word of mouth promotion.

 

• business website

 

• friends should be invited to like and follow business on social media sites. Encourage them to invite others, and make frequent status updates to keep your followers up to date on your business

 

• If you joined a direct-sales company, review materials for promotional ideas customized for your brand of products.

• It's becoming increasingly easy to build the own sales channel online. Many online services now exist, Amazon and Ebay etc.  Attractive, useful, clear pictures of the products will sell more if people feel like they can understand them through pictures.
• Choose an auction format or fixed price format. Auction format works best for rarer items that people are likely to fight over, while fixed price format works best for more common items where the supply outstrips demand

 

• To make the best possible impression on the customers, package the product elegantly (making sure it won't break during shipping), bring it to the post office, and ship it off.