Hello my name is Luis Estrada and I am a software
developer. In this clip we will talk about
ways of making money from your home PC. A
great way that you can make money right from
your home is to use the sales revenue model.
In this model you sell a product or service
on your website. You could see for example,
electronics, clothes, books, CD's, or just
about anything that you can find in a traditional
retailer. In the past having a store required
a considerable amount of investment to pay
for rent, employees, and inventory. Today
you can create your own on line store for
just a few dollars or sometimes even for free.
The most important consideration in this revenue
model is to choose the category of articles
that you will sell. You can buy just about
anything on line these days from T-shirts
to houses but it is an entirely different
thing to ship a product. Imagine trying to
sell a car to someone in Florida when you
live in New York. Try to sell things that
are not commonly found in local stores, that
are easy and cheap to ship and that do not
require a guarantee. A great example of a
category of products to sell on line is memorabilia.
A single baseball card can cost hundreds of
dollars though shipping is practically free
if you send it by standard mail and you do
not need to provide a guarantee. If the cost
of shipping is greater or significant relative
to the price of the product it is unlikely
that your users will pay for it. For example
if you sell a $5 book and the shipping charge
is $10 your potential customers would prefer
to look for the book at a local store even
if it is more expensive because they won't
want to pay for shipping. If you want to sell
a product on line you could choose between
creating your own on line store. Paying a
monthly fee for a service provides a custom
store for you or use a commission based service
where you pay a percentage of each sale. You
need to carefully study the benefits of using
each. Most beginners prefer to use a service
where they pay a commission per sale. An example
of such a service is ebay.com website where
you can freely post your products for sale.
Millions of people can find your products
and you would only pay if one of them decides
to buy from you. I am Luis Estrada and I have
just showed you how to make money with your
websites.