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Lesson 5: Sell your Products online

E-commerce, electronic payment, credit card.. Are these terms familiar to you? If they are not, you are in very deep trouble.
Everyone has started to accept the fact that online stores have been overtaking retail shops at a much rapid rate than we could imagine. Retail shops have been closing down with the increase in rental and switching to online store where costs are further reduced.
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If you ask me, this lesson has the most potential to earn you the most money online. Or at least, it works for me.
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Many people questioned me which platform should they join, which products should they sell and how to market your products. MY REPLY: This is a definite long journey. However, I will do a summary for you and give you the best advice to my best ability. If you see any "Get Rich" schemes out there, they are all FAKE. There is no free lunches in this world. There will be a lot of sweat and blood lost if you want to be rich.
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Top 4 Platforms to sell your Products Online

1) qoo10

If you do not use this e-commerce platform, you will regret. qoo10 has the TOP traffic count as compared to other platforms like Lazada, Shopee etc in Singapore. When choosing an e-commerce platform, traffic count is the most important factor. When you have more people visiting your e-commerce shop, the higher the chance of getting converted sales.

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Pros:

  • High traffic count

  • Able to create a lot of promotion vouchers and campaigns to target fellows

  • Customizable shop look and feel

  • Able to track online inventory

  • Clear cut sales report

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Cons:

  • Have to pay a minimum of 9% commission to qoo10 if you are a POWER seller. If you are a normal seller, you have to pay 12% commission

  • Listing of products can be very tedious

  • User interface might not be so user-friendly

  • There are many hidden features which you would be required to explore yourself

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2) Shopee

Another up and coming online platform for you to buy and sell things online. Although it looks more professional than qoo10, the amount of of sales generated is way lower than qoo10.  The amount of traffic count is also on the low side as compared to qoo10. Not sure why people just do not shop on Shopee as it looks like a fully equipped e-commerce platform with the full package. Personally, I have listed on Shopee to increase exposure for my online shop. Why not?

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Pros:

  • No commission to Shopee

  • User interface is very friendly and easy to use

  • Secured payment to seller

  • Availability of seller vouchers and campaigns to participate

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Cons:

  • Traffic count is not so high as qoo10

  • Brand awareness and mindshare of Shopee are not at the top of the list for customer
     

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3) eBay

There is still a market to advertise on eBay, the once legendary e-commerce platform. Although, other e-commerce platforms are catching up, we should never neglect eBay as it might bounce back one day. To be fair and square, different e-commerce platforms target different audience. There is still a certain portion of customers whom still browse and purchase from eBay. One sentence: No harm trying.

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Pros:

  • Exposure to target international customer

  • Friendly user interface and product upload

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Cons:

  • Number of shoppers might be shrinking as the years go by

  • Look and feel of the user interface is quite technical hence, it might not appeal to the majority

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4) Facebook Shop

I must say creating a Facebook shop is a MUST! For new business owners, creating a Facebook page is very essential as this is one of the key method where customers find you. After the Facebook page is created, one can proceed to create an online shop on Facebook. Best thing, it is FREE! In this manner, customers can easily gain access to your online shop while they are browsing your Facebook page.

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Pros:

  • Direct link from Facebook page; two-pronged approach

  • Easily share your online shop via Facebook page

  • Only require to drive traffic to your Facebook page

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Cons:

  • Product upload can be a nightmare if you have a lot of products to upload

  • Website can be quite laggy while uploading products
     

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HOORAY! LESSON 5 is over!

If done correctly using the proper techniques, this might be your best bet to earn a lot of money online. However, this will take a while to succeed.

 

No pain, no GAIN!

 

 

MUST EMPHASIZE THIS POINT AGAIN & AGAIN:

 

To make a lot of money, it is important to create multiple streams of income. Let's move on to the next lesson!

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Up next:
Lesson 6 - Sell your services
Coming soon...
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