It's been weeks since I write a blog post here.
Why?
Not because I'm not doing internet marketing.
Or I'm quit doing internet marketing.
Instead, I'm working on moving my internet marketing focus to e-commerce instead, which takes up a lot of my time.
Isn't affiliate marketing is easy to do?
Yes and no.
Yes - easy to start up. No product creation. Setup a website or not, you can still do affiliate marketing.
No - it's becoming more competitive than before. Harder to rank you page. Need to depend highly on social sites to get free traffic.
So what are you doing right now?
I'm actually setup a brand new e-commerce store last month and officially running the store on 18-April 2017.
I've signed up an e-commerce course back in 3-Apr 2017. And I've learnt all the setup, research and technique in 2 weeks.
Then, I opened the store for business.
I got my first sale on 19-April !
And to-date, I've manage to generate ~$1.3k sales in one month.
Pretty amazing.
So why e-commerce?
The reason I get into the e-commerce business, probably due to the fact that you get to receive the money from customer first.
For affiliate marketing, you only got your commission after the refund period ended, which normally is around 30 days. (unless you already get 500 sales in JVZoo).
Which means, you have to come up with the money upfront but not really sure if you can get sales.
This all depends on the vendor's sales funnel and sales page, which you can't control.
E-commerce on the other hand, I get to setup my own store, get to select the products that is good and place it for sale.
Product research and target group research in this case is very important to gauge the success. But it's pretty much able to predict if you can get sales.
Comparing this two, I've decided to move on to work in e-commerce space, which is much easier and faster to work on.
How we can build our own store?
The platform that I use is Shopify.
It's a pre-made platform that helps you build your store with less effort and it helps you handle the payment gateway. This solves a lot of the problem on website customization, and save lots of time.
Then, I search for reliable supplier online, and also do product research and audience targeting.
Once the information is obtained, I'll talk to supplier to do dropshipping.
Then, I'll put up the product onto my Shopify store and start selling to the relevant target group through FB ads.
What is dropshipping and why?
Dropshipping is a concept where you receive order from your customer, and you place the order to your supplier, and your supplier will fulfill the order by sending the goods directly to your customer.
Why doing dropshipping?
Simple. You don't need to keep inventory. And you become a middle man between your customer and supplier.
And, you get to receive money from customer first. Only place the order later.
It's different than conventional way, where you buy goods from your supplier in bulk, then only sell it out later. This way you will need to buy from your supplier, which involves higher capital. Plus stock keeping area will be needed as well.
Why customer will choose us instead of supplier?
Good question.
Supplier will not normally know how to advertise. Plus if they were to promote every single product from their supply chain, they will become broke in no time.
Thus, we as a middleman, we spot the winning product, help them promote, earn the margin.
Customer on the other hand, they're not always know every single web store in the world. So by ethically showing to the potential customer the correct product, they will purchase. And they may have been looking for the right product for ages!
We don't really need to worry on that matter.
If you're interested to build your own e-commerce store as well, maybe just contact me for more information.
Or if you would like to find something to buy, you may visit my e-commerce store at below link.
https://www.bundlesoffer.com
Thank you for your time in reading this. I hope to share more in future.
My name is Kenny Phuah. This would be my personal blog on my internet marketing journey.
Subscribe to:
Post Comments (Atom)
What I need to know to build an e-commerce business?
Previous post I've shared why I'm moving to e-commerce instead of doing affiliate marketing. Today, let's talk about what are ...
-
Masters of Success - is a conference held on Kuala Lumpur from 15-17 July 2016. It was a whole day event and various speakers are present t...
-
Well, the other day I was doing a quick audit on my website and I found something I want to do long time ago. It’s not really a big deal...
-
Well, this question always bother all the affiliate marketers out there. You see, when I first started out doing affiliate marketing, I’...
No comments:
Post a Comment