Selling products online is an easy and cost effective way to break into retail sales. You don’t have to pay rent for a brick and mortar storefront, or deal with the permits required to run a business in your city. All you need is product, and brand-name products that are priced reasonably sell best.
Look for liquidation-, overstock- and closeout sales. Companies that are going out of business will often hold liquidation sales. Purchase brand-name merchandise at below the normal sales price in order to make a profit.
Sell your products on eBay. Consider starting an eBay and list items for an extended period of time.
Get a retail license so you can buy products directly from companies at wholesale prices.
Start with small brands. Even if you have a license to sell retail, some of the larger, more popular companies will refuse to sell to you if you don't have a proven track record.
Get a merchant account so you can accept credit card payments. You can also use a service like PayPal, but you will have to pay fees. You will also have very little recourse if someone complains and PayPal refunds a buyer's money. With a merchant account, you have more control and it may be more economical. Costco offers merchant accounts, along with many banks.
Complete your transactions in a professional manner. When someone makes a purchase, ship the item on time. Your reputation is important when it comes to selling online, as buyers can easily leave bad feedback.
Alexis Lawrence is a freelance writer, filmmaker and photographer with extensive experience in digital video, book publishing and graphic design. An avid traveler, Lawrence has visited at least 10 cities on each inhabitable continent. She has attended several universities and holds a Bachelor of Science in English.