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Tuesday 8 January 2013

How to Earn Money Online from Ebay, Amazon.com

Earn Money Online from Ebay

You can earn money online through ebay, Amazon.com and similar sites by selling products which belongs to ‘other people’. ‘Other people’ mean your neighbors, the local shops in your area, your acquaintance, your relatives and your friends. This can be a full fledged business and you can make money online on a regular basis.

The Business Model

People have many unwanted things - items lying in their homes, office or shops without use, which may be useful to others. It may be a camera, a mobile, a washing machine, a book, a printer, a painting, a rocking chair, a lawn mower, an electric kettle…anything. They will be pleased to get rid of them in exchange for cash. They may not know how to sell them, where to sell them, and where to get the optimum price for the products. They may not be computer savvy, or, simply they don’t have the time to do it. This gives you the opportunity to this business. You sell their products and earn a commission.

Things you will need for this online business

For doing this online business you will need the following:

1. A product selling platform - An account with Ebay or Amazon.com, or OLX.com - (the site through which you will sell the products).

List of some more product selling sites

1.BigCommerce. 2. E-Junkie. 3. GoEmerchant. 4. Mercantec E-Commerce Express. 5. Miva Merchant 6. Payvment. 7. ProStores. 8. Shopify. 9. TabJuice. 10. Volusion. 11. Atomic Mall. 12. Bonanza. 13. Etsy

2. A digital camera for taking photos of the products and uploading it for showcasing on the website. You can buy any of these cameras right from here.

Modus Operendi of this online business

The Steps

STEP 1 -

Sign up with a site like ebay, amazon.com, olx.com etc. for selling products from their site. (Else, you can build an e-commerce site yourself and sell the products from the site. However, it is a very difficult proposition, I would say.) You may have to pay a listing fee for showcasing your products for selling, in some site. Keep in mind about this, while fixing your commissions for selling.

STEP 2 -

Fix up a percentage of commission for selling other people’s product. The cost factors should be kept in mind, i.e., investments in buying camera, internet charges, commuting to the actual seller’s place, advertising costs, listing charges in product selling sites, delivery charges etc. Normal service charges are around 30% of the selling price.

STEP 3 -

Make a list of potential people to whom you will approach for conducting the business. Remember, every person possess something or the other which are useless to them, but can be useful to others. Your relatives, your friends, your friend’s friend, local shopkeepers, booksellers, neighbors, office colleagues, etc. will fall into this list. Local shopkeepers will be glad to off-load their obsolete items at huge discounts. Your phonebook will help you in this matter.

STEP 4 –

Advertise and explain your business by all possible means. I list below some avenues through which you can advertise:

1. Social sites like facebook, orkut, google G+, twitter, stumbleupon, linkedin, etc.

2. Local newspaper ads in classified section.

3. Flyers at prominent places in your locality.

4. Free Classified Ads in the internet. List of some free classified sites

Backpage, Craigslist, eBay Classifieds (Kijiji), Facebook Marketplace, Hoobly, OLX, Oodle.

5. Free SMS Ads through internet.

6. Enlistment of your business in your local business directory, yellow pages.

STEP 5 –

By now should be getting calls from people who want to sell off their unwanted products. Meet them, inspect the products, and ask them the price at which they want to sell them. You will have to persuade your customer for a realistic price. After all, the product belongs to them. At the same time, your goal is to earn money. You will have to make them understand that you may have to take the product from them to ship it to the buyers. You may have to sign a contract for doing so.

STEP 6 -

Take a photo with your digital camera of the product which you will have to upload in the product selling site.

STEP 7 -

List it on the product selling site for sale. Put up the photo with detailed description, price, discounts, shipping process etc.

STEP 8 –

As soon as it is sold, ship it to the buyer.

STEP 9 -

Pay the person whose product is sold without any delay, after keeping your commissions.

If you are serious about earning money from ebay, buy these books right from here, to learn more on the subject:

If you find this article helpful, please don't forget to comment on it.

Tuesday 1 January 2013

How to sell Photos and make money online

How to Sell Photos and Make Money Online

We all enjoy photographs. Don’t we? Nowadays, every person is carrying a camera wherever he goes. With the advent of mobile with inbuilt powerful cameras, and small handy digital cameras, getting photos have become cheap and easy, and people have really become shutter-happy. Sometimes, we click casually and sometimes seriously with a purpose in our mind. Whatever, but sometimes some photos comes out extraordinary and stands out from the rest. Why not make money online from these photos. Don’t you think that is a logical step?

Earn Extra Money selling your Photos

Who will buy my photos?

We all need photos for illustration. A photo can say thousand words. Publishers, Web designers, advertisers, bloggers, designers, architects, creative artists, journalists, news agencies, magazines, journals, students, research fellows….all need appropriate photos for their use. They search the internet to find the photos to suit their needs and buy them online. Subjects can be varied. Scenery's, city skyline, flowers, trees, landscapes, events, décor, people, poverty, pets, wild life, food, fashion, filth….you name it. Any kind of photo, even if you think it is mundane, can be precious to others. And they will buy it. So, even if you are an amateur photographer, your photos can find a market in the internet. Everybody is welcome.

How to Sell your photos online

Copyright and License

Copyright - Now, you must be thinking about copyrights and license of photos which you are going to sell online. You must know the fact that, when you take a photo you automatically get the copyright of it, without registering or submitting any forms anywhere. Legally, nobody can copy your photograph by anyway or means, without your prior permission.

License – If somebody wants to copy your photo, they will have to get prior permission from the copyright holder. This authorization from the copyright holder to the person who wants to copy the photo is called a license. There are many kinds of license though, which I have already discussed in my blog “Inserting Photos in Blog Posts Legally”. Until and unless you give “exclusive” rights to somebody, you can sell and resell ‘non exclusive’ licenses of the same photo over and over again. A single outstanding photo can bring you a fortune. Nobody knows. Now, it sounds interesting?

How to sell photos online?

That is the biggest question of all? To an amateur it’s a painstaking process. But after you get to know the nitty-gritty’s of the trade, it will be a smooth process for you. The major steps are as follows:

Step 1 : Categorize: The first thing will be to find out all your digital photos you have stored or ‘photostacked’ in your computer. Select the one’s you wish to sell online. Then you will have to categorize them into different groups. For example, landscapes, cars, flowers, happy family, church, religion, bridges, towers, children, old men, sea beach, sunrise, catastrophes, highways, etc. keep in mind that all kinds of photos can be sold online.

Step 2 : Keywords : The next step will be to find out the keywords for each photo. A person who wants a photo, searches the net with appropriate words which are known as keywords. So, the keywords with which they search must match with the keywords of your photo. A research on popular keywords must be done before tagging each of your photo. You should use many keywords as possible to describe your picture. By any means, your photos MUST get noticed. You can find out the popular keywords from Google Adwords. I had explained how to find keywords in one of my blog post titled “Promoting Blog sites”

Step 3 : Photo selling platforms: Now, you need a platform to sell your photos online. There are many sites or agencies on the web which will allow you to sell your photos from their site. They will keep some commissions on the sale, but your purpose will be served. While choosing the sites or agencies, go through their terms and conditions closely – understand about your rights, commissions, rules and guidelines, payment procedure – find out whether they are suitable to you or not. Finally, when you join an agency, keep adding your fresh photos to get good results. Now, let me give you a list of some good platforms/sites where you can sell your photos.

Photo selling sites

FOTOLIA : It is a marketplace for royalty free images, where individuals and professionals can buy and share photos and images. Thousands of new photos are updated each day and photographers receive commissions from the photos sold. It is FREE TO REGISTER. You will receive your payments through Paypal or Moneybookers.

SHUTTERCOCK : A renowned company, highly regarded by the photographers. The sales potential from the site is high. Your photos will be subjected to stringent check for quality and sale-ability.

Zazzle : You can make money online by submitting your photos to this site and also can earn from referrals.

RED BUBBLE : From this site you can sell your work in print form. You can showcase your portfolio.

ETSY : You will have to sell prints of your photos here, not the digital photos as elsewhere. You will have to make the prints yourself and mail them and fix your price for it.

SMUGMUG : This site allows you to showcase your portfolio. It has a joining charge though. There are different account options starting from $40 to $150 a year.

ISTOCKphoto : The photo selection process is very stringent in this agency. Photographers get commissions ranging from 15 to 45% depending on quality, aesthetics, sale-ability and so on.

FINE ART AMERICA : There are two kinds of accounts – Free and Pro. A free account will let you sell up to 25 photos at a price fixed by them. A Pro account have more features useful for photographers.

DREAMS TIME : The site is not stringent in choosing photos, and it is good for beginners. Commissions are comparatively high.

Selling your photos online

Making Money with YOUR Photos

While submitting your photos or portfolios to different sites, many photos may be rejected. Don’t ever feel despondent. This does mean that the site really means business, and they are selecting photos which will really sell.

What Photos sell best online?

If you are serious about selling you photos online and earning a decent income, you should buy the following books, for exhaustive know-how on the subject.

Ways in which you can make money selling digital photos

Build you own website or blog site to promote your business.

Build your own blog site to drive traffic and visitor to see what you are offering. You can also sell from your own website or blog site directly and keep all the money for yourself. Until and unless people know about your business you won’t be successful with your endeavor. Advertise online and offline to get business. Use the social sites like Facebook, Twitter, Stumbleupon, Google+ to make people know what you are up to.

The Best Digital Cameras.

These are top selling cameras and will be very useful for you. Buy and Use one of them – start clicking and earning money online.

Hope this article was useful to you.

Please add your comment below.

Sunday 9 December 2012

List of FOREX Brokers

To start an online Forex trading business, you will have to sign up with a reliable Forex broker. You will find innumerable brokers while searching Google, but you will have to find out the best one to suit your needs. This job will be long and tedious. Be meticulous and systematic in your approach.

First, analyse your requirements. These points should be considered.

Reputation of the Forex broker
Your minimum investment in currency trading
What currencies will you deal in
How much leverage will you need
Commissions for Forex trading
What Forex trading tools will you require
Whether mobile phone trading feature is required
Whether you require a specific trading platform like MT4 etc.
How will you transfer and receive money. (Paypal, credit card, wire transfers etc.)
Restrictions and laws of your country pertaining to FOREX and money transfer
What cost will be involved for transferring money
Whether scalp is required
Whether hedge is required

Now, you should visit and study all the Forex brokers website to find out what they offer and whether they meet your requirements.

I give below a list of Forex brokers for your needs

If you find some important brokers, whose name should be included in this list, please feel free to write to me. I will add the name immediately.

The following articles can be helpful to you :-
Earn money online with FOREX
Forex Facts

If this blog article helps the readers in any way, my endeavor will be a success. Please comment on the article below.

FOREX facts

FOREX TRADING

To start an online money making business of Forex trading you must know certain facts. I have already explained the outline and concept of this online business - i.e., what is FOREX, what is Forex trading, what is Forex market and how online Forex trading is done, in my earlier blog post.

As already explained, Forex trading has some similarity with stock trading business. But, online Forex trading has some unique difference.

The most important facts about Forex Trading are as follows

Forex market timing - Unlike the stock market, Forex market is open 24 hours a day, for five days a week. The reason behind this is, Forex trading business is done globally. Forex traders deal globally with foreign currencies of different countries of different time zones, while stock trading is done through stock exchange of different countries. While Forex market reaches its closing time in US, it opens up in many different countries, except on weekends. So, for Forex traders it is an advantage, since they can perform the business at any time of their convenience, day or night.
Tracking profit opportunities - In stock trading, you will have to keep track of thousands of companies for buying and selling shares to make a profit. But in Forex trading, a trader will have to keep track of the prices of leading currencies of the world. The leading currencies are US Dollars (USD), Euro (EUR), Japanese Yen (JPY), Canadian Dollar (CAD), British Pound (GBP), Swiss Franc (CHD), New Zealand Dollar (NZD) and Australian Dollar (AUD). There are other currencies which are also traded, but most of the trading is done with the said currencies.
Documentation - Unlike stock trading, in Forex trade there is no physical documents such as share certificates or demat form. Your buying and selling status is maintained by the trading system.
Buy / Sell in pairs - In Forex trading you will have to buy and sell currencies in pairs. The fact is, when you buy a currency (say, USD), it is exchanged with another (say, JPY). This entity is known as a pair.
Investments - The investment can be very low in Forex trading business compared to stock trading. You can start with a minimal investment of $50, to start your Forex business, since you will have the advantage of leveraging. Leverage (margin trading) will expose you to buy and sell currencies worth much more the actual amount of your investment.
Volume of Forex trade - The volume of Forex trade is very high. Even a small variation of 0.0001 in the traded currency can make a significant return on your investment. For this reason buying and disposal becomes easier for the traders.
Forex - A volatile market - Currency exchange is a very highly volatile market. A Forex trader should study the trend of price change of currencies. Pure speculation and guess work may lead to very high losses. Long years of comprehensive study and experience by a Forex trader, will ensure consistent profits.
Account Opening Fee - Usually, there is no account opening fee or brokerage charges. The Forex company keeps a commission for themselves.
Risks Involved - Forex trade is a speculative trade. Hence, there is a lot of risks involved in it. Economies, foreign policies, and political changes in different countries influences the business of Forex trading. For this reason, traders tend to invest in short terms.
Manipulation - The Forex market cannot be manipulated, since it is operated throughout the world, unlike the stock market where traders and insiders can manipulate it.
Short Term Investments - Usually, the investments for Forex trade are short termed. Majority of the Forex deals are done on a day to day basis and some are done within a few weeks after the currencies are bought. Whereas stocks are held for months and years. Due to the volatility of the Forex market, traders usually close a deal within a very short period of time.
Forex trading software's - The advancement of technology has given the Forex traders the power of using modern software's, which handles all the Forex trade for them. There are many software's available in the net. But before buying them be aware, that not all the software's perform as advertised.
Practicing the Forex trade on a Demo account - Before jumping into the trade you should practice the trade on a demo account available with the online Forex trading companies.
Capping your transaction limits - In online Forex trading you can minimize your loss in trade by setting your 'stop loss' and 'take profit' elements. It is an automatic system where your transactions stops when the price of a currency reaches or falls a certain limit. This is an advantage for online Forex trading.
Forex trade is good during economic crisis - When the economy of a certain country faces a crisis, the business of the country as a whole suffers. But the Forex traders will not be hit by the economic crisis of their country, since they are dealing with the global market.
Online Forex Brokers - In order to start an online Forex trading business, you have got to open an account with a Forex broker company. That will be your 'Forex Trading Platform'. You can find a lot of these companies by searching Google. Be careful while choosing a company - read and compare the terms and conditions and consider the pros and cons before the sign up process. After you sign up, you will have to add money to your Forex trading account to start trading. The practice account should be available before adding money to your real account. Please do practice on the practice account and do all your homework before starting the actual business.
Forex trading and online money transfers - The transfer of money to your account will be through Paypal, Credit Cards, Wire transfers etc. Check with your Forex trading broker on this matter, even before you join.
Legality of Forex trading in different countries - There are different laws on Forex trading in different countries. The laws are not the same for all counties and it varies from country to country. You should check the prevailing laws on Forex of your country.