How do online sellers earn by selling goods at low rate?
Answers
Step-by-step explanation:
Either he outsource products at very low price
-> Either he is working in very low profit but more quantity. Now suppose if you sell 100 items and on each you get 10rs profit also then your net profit becomes 1000. And 10 is the minium profit I am talking about . Nearly everyone makes minimum around 10–50 and its minimum.
Now coming to outsourcing parts there are two ways either you buy things from places wherever they are cheaper or what more you can do is resell products. Resell both brands and unbranded products. Now for branded product you need authorization but for unbranded products you can suppose buy from local market or some other shipping site at a cheaper price and then list them on other shopping site at relatively high price keeping your profit after deducting the site’s commission.
Now to get things at cheap price other than buying locally or moving to other place is buy them online. And best time to buy things online is during price errors, bugs, or when extra cashbacks , discounts are there. Or can manually keep track of your particular product daily. So if you are a seller you must know the strategy of grabbing things at lower cost also i.e you should become a smart buyer also. So always search for deal websites in order to see also what other sellers are selling and at how much price difference you can sell it too or you can go for telegram channels where regular such deals are put on like “@shoppingdealsoffersjunction” search on telegram.
I remember buying T-shirts at 70 , Kurtas from 160 and from good brand in AJIO.
So not only look for only one marketplace, look for different platforms from time to time and find your best product which you can sell at relatively low price
Answer:
They don't make any money on some products which they sell cheap . But , they don't sell everything cheap - they just give an illusion of everything is cheap here .
They don't make any money on some products which they sell cheap . But , they don't sell everything cheap - they just give an illusion of everything is cheap here .They do this so customer habits are formed to shop on their shop online .
They don't make any money on some products which they sell cheap . But , they don't sell everything cheap - they just give an illusion of everything is cheap here .They do this so customer habits are formed to shop on their shop online .Another way to look at it is - that every human has a little mind space reserved for online shopping , not every shop can find a place in it . So , whoever is most competitive sits in the fore front and enjoys the rewards when you return to the site again and again and again (habitually) to buy stuff .
They don't make any money on some products which they sell cheap . But , they don't sell everything cheap - they just give an illusion of everything is cheap here .They do this so customer habits are formed to shop on their shop online .Another way to look at it is - that every human has a little mind space reserved for online shopping , not every shop can find a place in it . So , whoever is most competitive sits in the fore front and enjoys the rewards when you return to the site again and again and again (habitually) to buy stuff .Now, when you return again and again .... so on at some point of time you cross the threshold of money they have spent ( by selling some stuff cheap) to acquire you and from there on you help them make a profit on every purchase .