Drop shipping, for those who are unfamiliar with it, is a system whereby you promote the products of a particular manufacturer, take orders directly, and the manufacturer/source handles all the inventory and fulfillment functions for you.
In a nutshell, here is the drop-ship system:
==> You generate and accept the order.
==> You take your profits out of the sale price.
==> You forward the order and the wholesale cost to the drop shipper.
==> The source factory ships directly to your customer.
The benefits of this arrangement are probably obvious: No inventory cost to you.
* Substantially higher profits to you over what most regular affiliate programs allow.
* The ability to quickly set-up inexpensive, highly targeted, niche or mini-sites to test and promote diverse products.
This process has been around for years and has been responsible for many highly successful mail order dealer relationships in the past. Many of the top catalogers and other direct response marketers, have been using this system to increase profits for decades. If you have ever ordered a high priced item from a mail order catalog and been told that the product was being shipped from the factory... then you have experienced drop shipping first hand.
Drop shipping is, I believe, a virgin un-tapped storehouse of profits for todays internet marketer.
On-line directories exist which reveal essential contact information for drop shippers of over 2,000,000 products and 4,000 brands. Most legitimate drop ship sources will require that you have a state tax reseller number in order to approve you to sell their products and give you the wholesale pricing you are looking for.
Beware of any drop ship source which requires you to pay a fee in order to become a drop-ship dealer... or requires a membership. These are generally organizations which make their money selling "drop ship licenses"... and are, for the most part, scams. Legitimate drop shippers and factory sources never charge you any fees other than the actual shipping costs of the products you sell.
Another caveat... always make sure that you have a written agreement with the source factory that you own the customer! The factory or drop ship source should agree in writing not to solicit your customers in any form. This is very important to you. Your customer list is one of your most important assets. If the factory you are dealing with balks at this request... use another source who will agree.
Almost every conceivable type of product is available from a drop shipper willing to ship products in single units under your companies name. Pick your interest area... electronics, consumer products, agricultural & industrial products, office equipment & supplies, hobby gear, recreational / sporting goods, clothing, furniture, etc. The list of available products from drop shippers is almost endless.
The products actual source is invisible to the consumer. The seller (you) is able to build a database of customers that he/she owns and controls (by agreement with the manufacturer) and has all the direct marketing advantages that accompany that arrangement... while eliminating the need for maintaining expensive inventory.
This arrangement offers maximum flexibility and cost savings for the seller. If a product does not sell well online you can pull the advertising (web page or mini-site) instantly with very little cost to you outside of the actual time it took to build and test the web marketing effort. Or, since this type of page/mini-site is so inexpensive to maintain and host... you can simply leave the pages online and take whatever orders trickle through... while you move on to the testing and promotion of new drop ship products.
The manufacturer benefits from this relationship by gaining a legion of active marketers promoting their products... at little or no cost (other than those small costs involved with supporting the marketer with online marketing materials like product images, sales materials, etc).
As a marketer you are looking for several key components in developing the drop-ship relationship with a source factory or distributor:
* High Quality Products
* Blanket Product Liability Insurance (if applicable)
* A clear guarantee and return policy
* High Quality Marketing Materials ... product images (gifs, jpegs, etc.), selling copy, other suitable web graphics, etc.
* A Customer Service Department that will work with you to develop the best selling situation for you.
If you are a manufacturer seeking to expand distribution (or an inventor with a new product ) you will find the willingness to drop ship in single units will give you a strong competitive edge while you carve out increased market share at little cost.
If you are an online marketer interested in offering high profit products to your niche market (your website visitors) without incurring high front-end development or inventory costs... then drop shipping is for you.
Internet marketers are uniquely positioned to take profitable advantage of the drop ship arrangement and should give this system a serious look.
[Via - Is Drop Shipping a Realistic Way to Make Money Online?]
A lot of website owners are constantly on the lookout for ways to make money off their website traffic. Google Adsense is the main moneymaker for most. Others are trying the new Yahoo! Publisher Network.
One of the more interesting newcomers to the market is the Chitika eMiniMalls.
Chitika eMiniMalls are very easy to use and very easy to set up. Once you are accepted into the program you will use an area in your account that creates the eMiniMalls Code for your website. You can specify custom colors for your border, your title, your text and your background. You have 10 different ad formats to choose from. Once your code is generated you simply copy and paste it into your website where you want the Chitika ads to appear. Voila! You are in business with Chitika eMiniMalls.
Now, here is where it gets interesting. With Google Adsense you primarily have text ads on your website that are based on the context or content of the web page. Primarily you have the same setup with your Chitika eMiniMalls. BUT [unlike Adsense] you can modify your Chitika code to include specific keywords or specific products! Just think of all the hot topics there are and the keywords that go with them...Xbox 360, Blackberry, Sony Plasma television, Garmin GPS, iPod Accessory, Windows pocket pc. All you need to do is go to the main Chitika website and use the typical Chitika ad you see on the Chitika home page. Use the search function to type in those keywords you are thinking about using and see what product pops up. Testing is very important here to ensure there is a specific product you can call up, otherwise the ad engine will have to throw in some random gadget that might not fit your content.
Imagine the possibilities! With Chitika eMiniMalls you can be very specific as to the type of product you call up and be sure it fits in with the content of your page.
And here is where Chitika eMiniMalls can really shine. You actually can create small cyberspace mini malls that are product specific to each website or even each page within a website. The tabs on each Chitika ad can give your visitors the opportunity to find product descriptions, best deals, product ratings and even reviews on items they are shopping for. As your visitors comparison shop -and click on the ads- you get paid!
Chitika eMiniMalls should work especially well on product based websites and Blogs. You can even use Chitika along with Adsense on your site or blog but make sure you understand what Google requires of you. eMiniMalls default mode is contextual based like Adsense - the ads are based on the content of your site - but you have to use the keywords with Chitika eMiniMalls and not the default mode in order to continue to use them with Adsense. Keep up to date with the requirements of each program and you should be fine.
With 1000 channels to monitor your ads and the opportunity to fine tune the ads to fit your page content by yourself rather than relying on the internal ad engine, Chitika gives you some very interesting ways to control your own destiney -at least in cyberspace!
If you want to make some money online, give Chitika eMiniMalls a try.
[Via - Using The New Chitika eMiniMalls To Make Money Online]
Making money online used to be easier. With fewer websites, it was easier for people to find you. This is not true any longer. Still, some people do well online. What are the secrets of online money makers?
The secrets of online money makers are mostly common sense. If you want to make money online, do something you love. Then realize that this is going to take time and effort.
Many people are looking for quick riches or easy wealth. The secret of online money makers is that they are prepared to work hard. They choose something they love so that they stay motivated. Online money makers learn everything they can about promoting their particular form of making money. They don't expect immediate wealth. They work on their business daily and continue to learn as they grow.
Promotion is a critical secret of online money makers. Promotion helps customers find them. Sometimes the rules of search engines change, and online money makers keep up with these changes. It's what they do for a living.
Good customer service is another essential secret of online money makers. You want customers who will come back and customers who will tell others about you. It's no longer just word of mouth when a business serves somebody well. Now that customer might tell some friends in an email, who will tell other friends, and work can get around pretty fast. They can also post their reviews at various websites, which can gain you more customers.
The secrets of online money makers are not any different than making money any other way. It's about doing what you love, working hard, learning to promote, and serving the customer well. If you can do that, you can make money online.
[Via - How To Make Money Online]
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