The top items to sell online as of January 2015 include software, books, music and flowers. These four items bring in roughly 26 percent of the market share in business-to-consumer commerce.Continue Reading
There are three basic things that can be sold online: physical goods, digital products and services. The best way to make money online is to sell a service or subscription that keeps customers coming back to purchase more or to renew digital service plans. These include things such as dating sites, gaming platforms, newsletters and expert advice. The benefit of information products and service plans is that they continue to make money with little to no ongoing maintenance.
Selling digital media, such as e-books and videos generates more profit for a business as there are fewer cost associated. There is no need for shipping and handling costs, and there is no risk of running out of product. Sales of digital media require a business to consistently look for new ways to maintain popularity due to the large amount of digital competition.
Physical things that get packaged and shipped are considered one of the lowest income generators for individuals or businesses that are looking to sell online. Even though some of the top grossing online sales are in tangible goods, they are spread across businesses and not ideal for the entrepreneur.Learn more about Job Search