3 Methods to Make Money with No Money
Reverse e-commerce requires no inventory, no stocking up products or capital. This saves you the trouble of stocking up products that might not sell and wasting a lot of money.
This reverse e-commerce method is also good way to test the market whether your products sell or not. Here we are going to show you how to make money with no money:-
3 Methods to Make Money with No Money
Pre-Order Method
Pre-Order method is frequently used by online business where an order is place when the item is not available yet. The process requires time before the product reaches the customer. Here are the steps to guide you through the method:-
Search for Products to Sell
Flea market or Wholesaler is a good place to start finding for products. Just browse through Google for the nearest wholesaler. Look for the things that might sell or you want to sell. Best if the product is something you know a lot about.
Jot Down the Details
After choosing your products, take down all the details, the price, descriptions, stocks available or any information that is necessary. Remember to choose more than 30 products so you have wider range of products to sell and capture some pictures of the products.
Build your Sales Page
One of the best place to sell with no cost is Facebook. Facebook Page will be the platform for you to sell your things. Make sure to invite and share out your page to popular groups. You will gain your audience in no time. Be warn not to over spam or share your page, the penalty is severe.
Start Selling
Post your products on your page. Tell your audience what are you selling. In a week time, you will be able to identify which products sell. Focus on that particular niche. For example, your clothing sells, then you should focus on it.
Collect your Sales
If anyone buys your product, collect the money and fulfill the order. With the money collected, you will be able to buy from the Wholesaler and deliver the product to your customers. You might want to check out EasyParcel. We provide online courier service booking platform for you to deliver your products at a rate of RM5 per kg only.
Add more Products
Once a week, drop by your local wholesaler, find more products to sell. Having wide variety of products is a way to expand your business. Customers love more choices, where they can choose and spend time in your page.
Repeat the Process
At this point, all you have to do is repeat the steps from 1 to 6 and in no time, you will have your own successful reverse e-commerce business.
Drop-Shipping Method
This method and the Pre-Order method have some similarities in terms of creating sales page, adding products and etc. This process usually requires lesser time before the product reaches your customer. Here is how you can start drop-shipping:-
Search for Wholesaler
Firstly, you would like to search for wholesaler that provides drop-ship service. You can browse through Google for wholesaler in your country. Most of the wholesaler that provide drop-ship service are top-up based. They will require you top-up certain amount before you can start using.
Find the Products
Identify the products you’d like to sell, best if it’s under the same category. For example, clothing. If that specific category are something that you’re interested or you know a lot about, it will help you a lot in terms of information.
Build your Sales Page
As usual, Facebook Page is the best place for you. Invite and share out your page to your friends and popular groups. Build your audience and make it a habit to share out your page. As mentioned above, don’t over spam.
Start Selling
Post your products and the details of it. Most of the wholesaler provides you with the information of products you want to sell. You can just used the pictures and the details of the product directly from the wholesaler website. Copy and Paste, some tweaking will be better.
Collect your Sales
This is where it’s little different from the Pre-Order method. In Pre-Order method, after collecting your order, you’ll have to buy the product from the wholesaler and deliver it yourself. In drop-shipping method, you will just have to collect the money and order from customer and place another order with your wholesaler. Your wholesaler will do the delivery for you, direct shipping to your customers. Most of the time you will pay your wholesaler with your top-up credits.
Keeping Products Up-to-Date
You will find out that your wholesaler always promote their hot selling stuffs and new arrivals. Try to find out the current trend and grab whole the opportunity to boost your sales. Adding more products is also one way to widen your range of products, giving more choice to your customers.
Affiliate Method
This method is also known as affiliate marketing where you build an affiliate relationship with a merchant and you will be pay for every traffic directed by you towards your merchant. The most common affiliate program offered by merchant are pay-per-click, pay-per-sale and pay-per-lead. Here we are going to discuss the most basic affiliate method, Pay-Per-Sale:-
Create your Website
It is always better to have your own domain but no harm without one. There are few other sites that you can create your website for free such as BlogSpot or WordPress. This are the websites that will enable you to create a website in no time.
Choose a Niche
A niche is a segment of market, in laymen terms, audience. When choosing a niche, choose something that you are interested in, for example, electronics, fitness program, etc. This way you will have tons of thing to write about it.
Find an Affiliate Program
There are some famous affiliate program that you can sign up with such as ClickBank or AmazonAssociates. You can also find a specific affiliate program for your niche by searching “<Your Niche> + Affiliate Program” in Google. Beware that some of the affiliate programs are scam.
Start Writing
People love to read review of products before they buy it. User generated content is something people seek on the internet nowadays because it is more authentic and credible. Buyers or Shoppers trust opinions, voices and customer experience. Do not copy other people’s review, it will damage your search engine’s ranking. Be creative.
Place your Affiliate Link
At the end of your review, place your affiliate link or affiliate banners that is generated by your affiliate program. When customers read a good review, their confidence are boosted, this increases the chance that they will click and purchase through your links, earning you commission.
Build your Audience
Share out your website to social media such as Facebook or other people’s website. More traffic means more chances for conversion.
Collect your Earning
Once somebody purchase products through your link, you will earn the commission. Most of the affiliate program uses PayPal to pay their affiliates.
In conclusion, even without any capital or money to start an e-commerce business, you can still use this reverse e-commerce method to build yourself a successful online business. Make Money with No Money. Remember, where there’s a will, there is a way.
Hope this post will provide the best beneficial read for you. If you’re looking for the cheapest delivery channel, RM6 per kg only:-
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