Jobs At Home

These days when you think of jobs at home, most people think about online businesses and global product sourcing. The widespread acceptance of online home-based offices now means that anyone working from the comfort of their own home are given as much credibility in business as those working out of dedicated offices, so long as their products and services are of high quality and in demand.

The lowering of international trade barriers brought about by the acceptance of internet businesses now means that practically anyone can register a business, jump online, source a wholesale product from within their own country or internationally, find a suitable market to sell it in, and succeed.

There are of course infinite ways to make money on the internet, but with so many options it can be difficult at times to know where to start.

For those of us who aren’t blessed with a specialized and marketable skill set (i.e. design, professional consulting, furniture or clothing design etc), the best way to make money on the internet through an internet business is to source a discount product from a wholesale supplier and sell to a market willing to pay a higher price. It was previously often the case that this could only be possible if you bought a much larger volume of the product and benefited from economies of scale and ultimately a lower cost per unit, meaning you could profit up to several hundred percent on your original investment. Nowadays, with the rising popularity of drop shipping and similar low minimum order wholesale suppliers and manufacturers it has become even easier to profit from global product sourcing. Of course the profits will rarely be as large per unit, but if you can find a cheap enough product and sell it at a profit there is very little investment required – aside from your time.

It is however, not out of the question to go the classic route of wholesale product sourcing working directly from your home. Yes it may cost a substantial amount of money to make a bulk purchase and people starting home businesses might not have the required funds readily available, but there are ways around this problem. A great way to raise the required capital is by having a pre-sale for the products you are purchasing.

Let’s take for example the new Apple iPhone 3G. It may not necessarily be possible to source the products cheap enough from an average drop shipper, however, you may be able to make a bulk purchase directly from an authorized national distributor. Let’s also say for example’s sake that the distributor will sell the units to you at $500 each. This seems extremely profitable to you, as current recommended retail value for the item is $800 and you begin to get quite excited about the potential to make 80% return on investment per unit. The distributor then tells you the minimum order is 100 units. Many people starting a home business won’t necessarily have $50,000 just lying around and you start to think that it may all be a pipe dream. But what if you pre-sold a large enough quantity of this order at a slightly reduced price to be able to afford the entire purchase, selling the remainder at the regular price of $800 – allowing you to profit as you originally hoped? Let’s say you advertised to friends, family and on the internet the pre-sale price of $650. Compared to the regular price of $800 this is giving people the chance to save $150. Many people would see this opportunity to save worth a wait of a couple of weeks or so (to process the entire order and shipping etc). At that price you would need approximately 77 units pre-sold before you could afford the order. Once the items arrive and are distributed to your pre-sale customers you would then have 23 units to sell at the $800 full price, totaling over $18,400 for the entire process. Of course it’s not the entire $30,000 profit you would have received had you fronted the money entirely yourself, but it’s definitely not a bad profit at all – particularly seeing as you didn’t have to invest a cent of your own money. That’s great return on investment in anyone’s book!

The example above can be applied to almost any product of value and demand, not just the Apple iPhone 3G. The product was just used to illustrate how you could apply the technique to an in-demand product.

Whichever path you choose to follow, I hope that it has inspired you to think that it is certainly possible to make money online.