Online sellers are all over the internet now. Competition is very tight and you have to stand out to get noticed.
But how can you increase your income as an online seller in this trying time of pandemic.
You just cannot expect your relatives to buy all your products, right?
I heard someone said that a man with income is a strong man (or woman), and we all know that is true.
You cannot have a successful individual without a suitable cash flow.
If this secret is so well known, why are there so many struggling online sellers?
When running the daily aspects of life like this kind of things, money aspects are not so clear.
In this post, I will tell you 7 tips to help you improve your income as an online seller.
So you might at least get an idea on the direction you might want to grow.
And I am pretty sure that you do not want to be always on a short budget and having a low income.
7 Tips To Increase Your Income As On Online Seller
1. Cash and carry style
Try to build a business based on cash and carry system and stay far away from worries about receivables.
This is a business plan, where customers pay when they buy leaving you only with the money.
Collecting money takes a lot of your time, that’s why you are almost obligated to come with new options of paying.
Set your rules from the start of your business, so your customers will know what you want from them.
2. Collect payments in a very strict way
In case you are a whole seller, do not let the customers pay you when they remember, go and collect your money in time.
To be a good administrator of your online business means to have a successful business, so create and apply a set of collecting rules.
Longer wait for receivables, harder becomes collecting them.
You don’t need a rude attitude to collect your cash; all it takes is a strong voice behind a stronger man.
A very useful thing to do is to establish a collecting date.
Because time is money, every day that passes, you’re collecting term adds more costs for your online business.
3. Be honest
Try not to exaggerate your goodness and just be honest with your customers.
Do not make false claims that your products are the best in the market if your product are actually not. People would understand.
4. Negotiate with suppliers
Negotiate terms with your suppliers to give you discounts so you can have a larger profit margin.
Or it will make you some room to adjust the price of your products.
5. Show off some testimonials
In today’s social media environment, customer feedback has never been more important.
Ask for a testimonial from your customers and it will provide a proof that you a legit online seller with actual products and delivers the foods in good conditions.
Show it off on your social media. Do not be shy.
6. Offer a warranty period
This will have an added impact to your income as an online seller because it will attract more customers.
If you are really sure with your product, then giving a warranty period should be no problem on your end.
No one will buy your product if they do not know what you are selling online.
Promote your goods consistently. Use the big social media networks. Facebook, Instagram, Twitter are just some of the few networks you can use.
You may find all of these 7 tips useful to increase your income as an online seller, or just 1 or 2.
But remember that anything you do to improve your cash flow will raise your online business.
The worst thing you can do is sit back and hope for the best. See all those “CLOSED” signs in the shop windows?
They hoped and they lost. Be smart, do your best and keep your business at a pro level.
Watch this video for your additional resource: Paano Magbenta at Magpost ng Produkto sa Facebook
And if you like the contents of this blog, please subscribe!