Fly on the E-Commerce Cyberwall

Thursday, March 23, 2006

Making Money Online With a Web Store
I've said in the past that most people who start a business online immediately think of only three possibilities:

Affiliate marketing
Online auctions
Online store

I've already covered the first two. So I'll start on the third tonight. Opening an online store and selling physical products can be a profitable business to, but most people go at it completely wrong.

The temptation is great to think you need a huge store that sells everything and anything. The problems with this are:

A huge store takes a huge amount of time to build and offers you no income while you build it
A huge store that sells everything and anything is sure to have tons of well-established, well-financed competition that can eat your shorts in one gulp

You're always better off finding some smaller niche where you have some knowledge, experience and passion and selling to that small, but passionate group that no one else is serving. You NEVER want to compete for the business of the generic masses with giants like Wal-Mart.

Let me make this clearer: I know of absolutely no one who has succeeded in starting businesses online who recommends anything other than finding a niche market to serve. It is an undisputed truth and you fly in the face of all reputable advice if you do otherwise.

Tomorrow, I'll go more into how to find a profitable niche for your online store.
Jeff

// posted by Jeff Baas @ 5:26 PM

Comments: Post a Comment

Fly on the E-Commerce Cyberwall

Thursday, March 23, 2006

My home page

My other sites

Favorite webmarketing forums

Web marketing weblogs

Other enjoyable weblogs

Reviews of webmarketing tools worth checking out

ARCHIVES