Practical Online Selling Methods

Common online selling methods:

Applicable

~Ebay

~Social Network =Facebook

~Forum

~Website

~Affiliate program (Good but bad for beginner)

Not applicable

~Pay Per click

~Email

Why people always buy from internet?

WHY buy from Internet?

: Cheaper

: Easy to source

: Cant be sourced locally

: Easy to compare prices

: Shop from home/office

: Time-saving

: Aware if safe trading features

: Feel Confident & comfortable (Resolve Issues/Disputes)

This is not a Dream if you follow the Practical Way of doing Online Business

Business can be either:

(a) Traditional Business

(b) Online Business

Every Beginner would have fears in the following areas:

(a) Capital/ Investment

(b) Worried about the risks involved

(c) Fears of failure

Online Business	Traditional Business
Global market – world largest market, millions of buyers, cross border trading	Limited to domestic / neighbourhood
Instant high traffic from online market place	Depend on location and takes time to build regular customer basis
Low start up cost – laptop, internet connection, credit card	High investment-rental, renovation cost, fittings and fixtures, overhead cost
Low operation cost – utilize existing resources	High operation cost – monthly rental, monthly utilities bill,, overhead cost
Flexible working hours-start and manage the business at home	Fixed operating hours-depend on nature of business
Earn foreign currency	Only local currency
Do no need to serve the customer face to face	Need to meet the customer for sales talk
Up front payment- no bad debt	Credit terms applied

Local Online Seller - What do They sell? How they make money?

Items	What
Accessories/Computer Bags	Mini computer bags/backpack
**Car Accessories-Hot selling item	Interior Acc. Eg: LCD Screen/Speakers/ strut bar
Clothing	Lady Evening gown
Collectible Toys	Action Figures
Eyewear	*Contact Lenses to US/Sunglasses
Fishing Accessory	Fishing Reels & Rods
Leather Bags	Backpack / Messenger Bag
Text books	University Books
Tupperware	Plastic Container
Watches	G shock, SWATCH

Common Malaysian Seller's shortfall

- Lack of research before they start selling.

- Always try to apply what ever they do in offline market to international online market world.

- Poor product description

- Product photo is not descriptive and not professional

- Poor customer service

Common Problems of Individuals who Fail!
- Negative mindset

-Lack of self confidence or over confidence

- Always look for short-cut. Try to avoid problems, instead of facing the problem and solving it.

-Poor communication skills

-Lack of business knowledge / no proper foundation

- No QC the product quality

-Hoping to learn and master everything in the shortest time possible which is not practical at all. No patience

-Financial fear-Worry to keep stock, Worry to death stock

Successful seller's mindset

- Always think positive

- Always thinks like a buyer

- Prompt respond to customer inquiry

- Not afraid of losing money

- Act fast without any delay but not rush

- Always have a proper road map

- Maintain Self Discipline

- Continuous learning

-Always assist the buyer to resolve their problems.