Selling online is a very broad strategy like blogging, there are numerous variations and directions to take this strategy.
The first thing most people suggest is a spring cleaning style sale where you gather up all that stuff you never use and definitely don't need.
Selling your used items is a legit method for making money, but it has a financial limit as eventually you will run out of things to sell.
The first business I ever started was an absolute freak stroke of luck. I noticed a certain product on a website I shopped from regularly. This item was very popular in a certain market, yet this site was selling it for below wholesale cost. I decided to build a website and offer the product at comparable prices.
Long story short, the business made incredible profits just from one single product and a very amateur website. The point here is that thousands of products can be sold online for incredible profit.
Most people do not deep search for the absolute best deal they can find, they rely on a few websites to sort all of that out for them. Finding legit sources for buying and reselling products requires some effort but sometimes a single product can completely change your financial situation.
Some products you don't even have to purchase at wholesale or discount, you just need to market them properly to make a profit. Think creatively.
Consider the health and nutrition industry. Go to any store or website that sells a variety of nutritional supplements and you will find huge price differences between identical products with different brand names.
Some companies will even allow you to repackage their products under your product/business name and resell them.
Creating your own product(s) is another great method for making money online. There is no limit as to the number of products you can create to sell. Are you artistic? Crafty? Fluent in a programming language? Know the perfect recipe? Create it.
I am going to give you 3 links to different websites. Using products from just these three sites you can create an entire business. Be creative. There are thousands of websites out there that you can do this with.
Bonus Site – Bulkfoods
Remember, creative marketing will allow you to resell retail products for a profit. I know for a fact that the first 3 websites are responsible for creating a business that did over $60k in sales in just the first 60 days.
If you are going to be selling online, you are going to need to do some math. You need to figure out what kind of processing fees you may have from accepting payments or from selling on other sites. You need to make sure to price your products accordingly.
Next section: Income Strategies Summary