Profit Streams- 21 Powerful Ways to Make a Living Online by MRR - HTML preview

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15. Sell Your Own Product

Do you have a hobby that produces physical, salable items? Are you good with your hands at making various artisanal craft products? Then why not sell them online?

While it is possible to sell the fruits of your handiwork via a meatspace shop, a cyberspace shop increases your exposure and improves the price point for your products. Just because it seems like no one wants to buy your stuff locally does not mean that there aren’t interested parties somewhere in another city, state, or country.

It does not matter if you are making hardcore punk bracelets or cute hats or even paintings, you can sell them online. Etsy is a great digital marketplace for all things handmade. Visit the website and check out just how vibrant the handmade item market is, and how varied the options are.

You can also sell via eBay and other similar websites. Of course, you can also advertise your products on your blog or website, but again you need to somehow increase traffic to improve the likelihood of sales.

There is a chance that your products become so popular that you can turn your hobby into a full-time source of income. When that happens, you will be able to do something that you like and make money out of it. You’d probably want to look for another hobby for relaxation, though.

Avoid skimping on quality. When it comes to handmade objects, people expect attention to detail and care in manufacture, so the implicit standards for handmade products can be quite high. You can actually charge more for a handmade product than a factory-manufactured product, because it is handmade. There is the emotional aspect that subconsciously pushes customers to overlook the extra markup, but only so far.

Since you will be selling your own stuff, you need to think about shipping. This can be tricky if your products are fragile – things like glass sculptures and paintings, for example – and may require special shipping, and consequently special fees. Make sure to factor in shipping costs when taking orders!