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Easy Options for Selling Products Online

Easy Options for Selling Products Online

There are plenty of ways of getting your product out there, but you can’t really argue with the fact that online stores are probably the easiest way of doing business with a wider range of people. This is especially true for those that don’t really have the funds or the need for a traditional store. Running a store requires quite a bit of effort – there are numerous hidden costs, monthly bills for everything from electricity to heating, a store requires regular maintenance, you need to stack the shelves and hire additional staff, you have to deal with said staff potentially stealing from you or just being generally lazy and rude to customers, etc.

On top of all of this, you have various forms of digital media that can be easily manipulated, paid for and downloaded from across the world and in such cases selling products online is the only viable option. The greatest thing about offering your products in such a way is that the whole process of setting up a web store, and even offering items on your existing website or blog, can be a quick and painless process.

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Selling products on your blog

A good blog with plenty of well-written and informative content is a great way to gain some serious exposure. If you are talented and have unique skills, a lot of experience and useful insights regarding a particular topic or several related topics, then you can be sure that you will slowly develop a devoted fan base. As a blog grows and you start putting out more content, you will be able to come in contact with people who care about the same things as you do – be it you music, relationship advice, travel stories, DIY and home improvement tips or fashion. At this point you can offer your audience some of your work. For instance, you can use your blog to offer:

  • Digital copies of your album
  • A book you have written
  • Cool t-shirt designs and other apparel
  • Paintings
  • Crafts and fashion accessories
  • Various products related to your niche

Using your blog is the easiest way of selling products online, as blogs are relatively easy to set up, they offer a good deal of exposure and allow you to seamlessly integrate shopping opportunities and useful information. You have a couple of standard ways of going about this:

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  • Having a dedicated store page – a page specifically dedicated to various products that you offer that can be linked to from other areas of your blog. A standard layout with images, short descriptions and a shopping cart seems to work best for people.
  • Displaying recommended products in the sidebar – you can have products related to the subject on a particular blog page featured in the sidebar which allows readers to jump from reading to buying in a matter of seconds.

You can offer different payment options like PayPal or Credit Cards, but as far as downloadable content goes (audio and video material) Selz is a great, quick and painless option and charges a per sale fee of 5%. You can enable a short preview of the files and the customer can have the file on their computer within a minute after the payment has been made. All in all, a blog with a decent amount of traffic can allow you to make some good money off product sales.

Selling on social media websites

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    Let’s face it; a lot of people of all age groups spend a good part of their day browsing through social media websites. They allow a lot of versatility – from networking and keeping in touch with friends, to getting the latest information on your favorite bands, companies, shows and even doing some shopping. There are a ton of options available when it comes to F-commerce and even the likes of Lady Gaga and Justin Bieber offer their merchandise on Facebook. Even websites that can’t really feature an online shop per se, like Pinterest and YouTube, can be used as a means of promoting products and linking to blogs, websites and your Facebook storefront. The shopping process is a pretty standard affair – you have images with prices, a cart and options to organize the products according to categories like most popular, recent, special deals, etc. Your little Facebook shop can also get some great exposure when people like the page.

    Creating an online store using WP

    WordPress is a very user-friendly platform that will allow you to set up a great looking website in a very short time, as well as customize it to suit your needs without detailed programming knowledge. There are a lot of free themes you can use to customize your website, but premium themes will cost a bit extra. You can use plug-ins to quickly modify your website and turn it into a shop, so you can start selling products online as quickly as possible. A popular option is WooCommerce, but the standard payment option with this plug-in is PayPal and switching to other payment gateways will cost you. Going through PayPal can be a bit clunky as it requires a bit of extra effort on the part of the shopper, so those looking to sell some digital content quickly could check out options like the Selz plugin or something similar.

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    A shop like this will require some effort to set up so it looks good and you will need to engage in a bit of Social Media Marketing to help you spread the word. It takes a bit more work and time than the other options in this article.

    All in all, selling your products online can be a fairly simple affair just as long as you use the right tools and choose options that best suit your specific situation. The benefits are multiple – including access to a larger audience, the ease with which you can set up shop and lower operating costs – and there aren’t many drawbacks, so if you have some products to offer be sure to look into these simple e-commerce options.

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    Ivan Dimitrijevic

    Ivan is the CEO and founder of a digital marketing company. He has years of experiences in team management, entrepreneurship and productivity.

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    Last Updated on July 10, 2020

    The Definitive Guide to Get out of Debt Fast (and Forever)

    The Definitive Guide to Get out of Debt Fast (and Forever)

    Debt can feel crushing, like a weight that is always weighing you down. Looking at those numbers, it can feel as if you’ll never get out from under it. However, if you really want to learn how to get out of debt, it is possible with a great deal of focus and self-control.

    Getting out of debt isn’t impossible. Like any big goal, all that it takes is an action plan to identify where you are and creating a plan to zero out your debt.

    Identifying All of Your Debts

    The first part of paying off your debt is getting a complete picture of what you owe. When you have everything written out in front of you, it makes it much easier to create an action plan. Depending on how much you owe, it might also help you realize it’s not as bad you might have originally thought.

    Here’s how you can get started identifying your debts:

    1. Own Your Debt

    Before you start identifying all of your debts, take a moment to process that you have debt but want to get out of it.

    Forgive yourself for any past mistakes, missed payments, or overspending. It might be painful to accept how much debt you have at first, but you must own it.

    2. Make a Debt Tracker

    It’s astonishing how few people ever created a tracker to understand their total debts. Most likely, it comes from not wanting to accept the guilt of having debt, but, if avoided, it can make it nearly impossible to get out of debt.

    Open up a new Google or Microsoft Excel sheet and list out all of your debts. Start with the name of the creditor, interest rates, total balance, loan term length (if any), and the minimum amount due each payment. This will include student loans, credit cards, and any other type of debt owed.

    3. Get Your Debt Number

    Once you’ve made your debt tracker and taken the other steps, identify your total payoff number. This is crucial, as you will have a starting point and a clear goal that you are trying to achieve.

    Prioritizing Your Debts

    All debt is not created equal. It’s imperative to understand that there are different types of debt.

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    1. Understand Bad and Good Debts

    Bad debts are usually paying for things you want instead of always need. While there might be some emergencies that max out your credit cards, often times it’s excessive spending[1].

    There are three main types of bad debt:

    • Credit Card Debt: The average American household owes over $16,000 in credit card debt!
    • Auto Loan Debt: According to CNBC , the average auto loan in the US is $30,032!
    • Consumer Loan Debt: Consumer loan debt isn’t as common as credit card and auto loan debt, but it’s still considered bad as interest rates are usually between 10-28%.

    Good debt is identified as investments in your future. Here are three common types of good debt:

    • Student Loan Debt
    • Mortgage Loan
    • Business Loans

    2. Decide Which Debt to Pay off First

    Once you know each type of debt and their interest rates, you can begin to pay off debt quickly.

    Focus on paying off bad debt first, regardless of if it is a credit card or auto loan. Start by paying off the loan with the highest interest rate first.

    If you have several credit cards with different interest rates, you want to focus on the one with a higher APR. You will actually save more money by eliminating the card with the highest interest rate.

    3. Don’t Pay the Minimum Amount

    Paying the minimum amount digs you into a hole as interest rates will offset your payment. Even a small amount more than the minimum can help you pay off debt much faster.

    Removing Obstacles to Pay off Debt Quickly

    Creating a debt tracker and prioritizing a plan is simple, but avoiding temptation can be difficult.

    1. Set a Reminder to Track Your Debt

    “If you can’t measure it you can’t manage it.” -Peter Drucker

    It’s so important to track your debt to ensure that you get it paid off quickly. Similar to working out and measuring your results, you need to track your debt constantly. Start with a weekly reminder, where you sign on and log your updated number. Did you increase, decrease, or stay the same?

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    Regularly tracking your student loan balance can be incredibly motivating, as well. You will get a huge confidence boost each time you see your total debt amount decreases.

    Set weekly and monthly goals so you can have short term wins and keep the momentum going.

    2. Hide Your Credit Cards

    If your biggest debt is credit cards, you need to eliminate temptation and remove them from your wallet.

    Some people have gone to extreme measures by freezing their credit cards. Why? This would create an ice block around your card, which would require you to chip away at it slowly. This will give you time to think if it’s the best idea to buy that thing you’re about to buy.

    3. Automate Everything

    Willpower can be a huge downfall to paying off your debt. By automating your bills each month, you will ensure that willpower isn’t involved.

    4. Plan Ahead

    Getting out of debt will require some sacrifices, but with enough planning, you can make it work.

    For example, if you know that you have a friend’s birthday or family dinner coming up, plan ahead for the costs. Whether you need to cut back on spending the week before, pick up a side job, or meet them after dinner, do what is needed.

    5. Live Cheaply

    The only way to get out of debt is to make some sacrifices on your spending habits. Find ways to save money each month so you can apply that amount to your outstanding debts. Here are some ways to save money each month:

    • Live with roommates
    • Cook dinners and prepare lunches for work instead of eating out
    • Cut cable and choose Netflix or Amazon Prime
    • Take public transit or bike to work

    Finding the Lowest Interest Rates

    The higher your interest rates, the harder (and longer) it will take you to pay off any debt.

    If possible, you want to find ways to lower your interest rates to help get out of debt quickly. Here’s how you can get started:

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    1. Maintain a High Credit Score

    Your credit score will have a large impact on your ability to refinance your loans and receive a lower interest rate. If you have a low credit score, it’s unlikely you will be able to refinance your loans. Use these credit tips to increase and maintain an excellent score:

    • Never miss a payment
    • Don’t exceed 30% of your credit limit
    • Don’t sign up for more than one card at once
    • Limit hard inquires, like auto-loans and new credit cards
    • Monitor frequently with free credit-tracking software

    2. Find Balance Transfer Offers

    Start by opening a free account on credit.com. Credit.com offers you the chance to open a free account and see what type of balance transfer offers you can receive. Some of your existing credit cards might already have 0% or lower APR balance transfer offers available.

    Contact each of your credit card providers to ask about lowering your rate for a one-time balance transfer offer[2].

    If you do take advantage of this option, make sure that you use a balance transfer and not a cash advance. Cash advances have a ton of high interest fees (15-25%, depending on your credit card) and will only compound your debt problem.

    How to Get Rid of Debt Forever

    Setting up a plan, removing temptations, and getting the lowest interest rates is the first step to get out of debt.

    1. Keep Monitoring and Adjusting

    Once you have a plan, don’t get comfortable. Track your debt payoff plan and make the necessary adjustments when needed.

    Monitor your credit scores with a free site like CreditKarma. The higher your credit score climbs, the more likely you will be to secure a new, lower-interest loan.

    2. Earn More Money

    There are only so many ways to save money. Instead of clipping another coupon or making sacrifices for your morning coffee, find ways to earn more money!

    Think about it…it is much easier to find ways to earn an extra $1,000 per month than find $1,000 to cut from your budget.

    Here are some examples of ways to earn more money:

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    Talk to Your Boss

    Have a conversation with your boss about current salary and/or commission rates. If you’re not satisfied or want a change, don’t be afraid to look around at other positions. Some of them might even have a student loan debt reimbursement plan!

    Start a Side Hustle

    This could be coaching students on the weekends, driving for Uber, or taking paid online surveys. There are tons of ways to make money outside your 9-5. Now that you have a clear plan to pay off your debts, you’ll be more motivated than ever to figure out creative new ways to earn money.

    Build an Online Business

    There are so many websites and blogs that earn money from ads, affiliates, and other online products. Find your niche and get started.

    3. Celebrate Your Wins

    As you progress in your debt payoff journey, don’t forget to celebrate your wins. You need to always reward yourself for the hard work and discipline that is required to get out of debt.

    While you shouldn’t celebrate so big that it increases debt, make sure to factor in little rewards to keep you motivated.

    4. Set New Financial Goals

    Eventually, with a plan and these steps, you can rid yourself of your debt. Once you do, make sure to celebrate your monumental achievement, but don’t stop there.

    Now, you can focus on acquiring wealth and increasing your net worth. Set new financial goals so you have a new target to aim toward. Here’s how to set financial goals and actually meet them.

    These could be anything now that you are debt free! Think about where you want to travel, buying your first home, or saving for your future retirement. Just like before, make sure that your goals are specific, measurable, and achievable.

    Conclusion

    Congrats, you can now set a plan in motion to finally pay off your debt quickly (and hopefully forever)!

    Remember, if you want to get out of debt quickly, it’s not always easy. Just like any big goal, there will be sacrifices, challenges, and problems to overcome.

    More Tips on Getting out of Debt

    Featured photo credit: Pepi Stojanovski via unsplash.com

    Reference

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