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08Make Online Profit – Is Your WAHM Business Resilient?
Posted By: vie on March 8, 2010 at 2:08 amMost of home based working moms try to figure out how to make online profit from WAHM business. If they don’t have skills, WAHM business selling physical products is the most viable option. The common WAHM Business selling physical products have the following features:
- They have to make initial investment to buy the stock, thus you carry the inventory.
- Mostly WAHM business owners don’t open a physical store, thus they set up a website as an online store.
The nature of WAHM business selling physical products above is online business. They have the product knowledge but most of them do not have business marketing online strategy. Their business marketing online strategy limits to marketing to forum, internet social networking and blogging. Most of them make trial and error and copy other WAHM business marketing online strategy. Understanding SEO and Blogging are absolutely necessarry to put our WAHM business in the front. We have to educate ourselves continuously.
What if you can sell physical products but you don’t need to have the inventory. The disadvantage of keeping stock is the quality of products may deteriorate over the time if you keep the stock for a long period.
I would suggest Drop Shipping and Consumer Direct Marketing as alternatives of WAHM Business model for home based working moms if you want to sell physical products and make online profit.
Drop Shipping
Take a look at Doba, the third party which outsource all the reliable products and suppliers for you. You need to pay monthly fee to Doba and you get ecommerce training and an access to millions of products. You need to set up an online store or to open an account with ebay marketplace. You don’t need to keep the inventory and the suppliers will ship to your customer directly. The supplier sell at wholesale price to you and your customer pay at retail price to you and you make the profit margin from the price difference. The disadvantages for Doba: you can only sell at US market. You can search local companies which provide drop shipping but mostly the profit margin is small. You can check with Kidzpuzzle which offers drop shipping and rewards home based working moms with good profit margin.
Consumer Direct Marketing
The principle of consumer direct marketing company is to sell products at wholesale price to consumers. The access to their products is only from direct marketing, it means that their products are not available in the market or retail sectors. They save advertising and building rental cost and pass the saving cost to consumers so consumers can purchase products at wholesale price. The companies who run consumer direct marketing usually sell daily essential products that consumers need them in everyday life. Thus, the consumers are bound to make purchase repeatedly from the company. How can home based working moms make online profit from consumer direct marketing business? Yes, home based working moms can act as a referral and set up their WAHM business from it. This WAHM business model is the most viable as you don’t need to carry inventory and you keep your customers happy by selling products at wholesale price. You can offer hundreds of products and you don’t need to open an online store. Your customers can shop online at the distributor’s ecommerce store. It has more advantages than drop shipping as you don’t need to keep inventory and don’t need to open an online store. Join Million Dollar Moms network if you want to learn how to make online profit from your WAHM business using business marketing online strategy.
| Filed Under: Business Ideas , Home Business , Make Money Online Tagged with online business, Online Profits |
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Great post. I will read your posts frequently. Added you to the RSS reader.
Love the blog, found it in bing, how do I subscribe?
On the top right sidebar, there’re 2 options: subscribe by RSS or by email. You can click that to subscribe. You might be interested to visit my other blog as well, http://www.viviana-journey.com