Comment by silver1 | Hacker News Reader

Comment by silver1 | Hacker News Reader

Either you can sell your own product/services or sell someone else's product/services ...

- Take advantage of growing e-commerce in India - sell other peoples product ... buy directly from manufacturer and sell it to consumers thru platforms like Flipkart, Snapdeal, etc. ... most of the manufacturer in tier-2 and 3 cities dont have a clue about e-comm selling so help them out and make a good return...

- Start affiliate business (selling other people's products/service) online...

- Create your own product/service and sell it thru your own e-comm store or thru Amazon or Ebay or Yahoo stores.

- Start writing a blog and make it so popular with your amazing content that you can make money thru Ads, affiliate marketing and/or by email marketing.

- You can also start a drop-ship store and sell to the consumers in north-america, europe and/or australia.

- there are small businesses on sale on Flippa (however you need to learn how to find a good one) that can easily make you $6k a year .... find a business that is of your interest/passion ....

Good Luck!

Drop-shipping is a still-born idea. 99.9% of the time you will not make money, and will spend time advertising someone else's product.

Same with "buy from the manufacturer" - unless you have a lot of storage space, and enough money to hold a lot of inventory, you can't even get into that business. That's assuming the product can even be stored for long periods of time without depreciating (pretty much all of electronics is out of the question then).

Many of Flippa businesses have fake numbers, be very careful. They buy traffic to get Analytics, and when they get a few months of it, they post it on Flippa.

Dropship: In india its an untapped opportunity ... someone can just create a fortune by even tapping 1% of the market - of course its a little bit of work.

Buying from Manufacturer: again its a haven if you can find a niche product ... there are millions of manufacturers in small cities in india who create fantastic products ... you do little bit of research about what is selling or trending and start with small inventory .... some investment for trial and error is required but not difficult to catch a niche in couple of months ...

Flippa: now a days flippa has become more careful about listing fake sites - there are many tools ... one of the is services offered by Centurica ... they do thorough due-diligence for you (especially revenue and profit claims)...

> there are millions of manufacturers in small cities in india who create fantastic products

Such as?

I recently started an affiliate business. I'm not sure if it will make $500 per month but it just made $60 in its second month so I'm cautiously optimistic.

For some types of purchase I do a lot of research to find the right item for me. I actually enjoy the researching process so an affiliate site is a good match for me. A big part of the work is providing useful content which you can only do after performing good research.

My site is a huge searchable catalog of products with affiliate links to Amazon if they're for sale on Amazon, otherwise I provide non-affiliate links to wherever they are for sale. Most affiliate sites are based on product reviews but my site's approach is to provide more search options with more accurate data (data that is often incorrect on Amazon).

If I estimate the hours I've put into it so far I'm surely making less than $1 per hour for my time but as the earnings increase and my new hours decrease it might eventually be a wise investment.

It definitely takes more hours in the beginning but then you get a knack of how to do research and how to find a niche quickly and build upon it ....

Professional affiliate marketers have multiple niches/sites with multiple ways of revenue generation from each sites ....after some success they have a very good idea which niche is really a big profit maker if spent more time/energy on it and based on 80/20 formula they get rid of the niches that is not profitable compared to effort required.

How to find genuine website on flippa. I saw many listing but didn't find anything which convinced me

now a days flippa has become more careful about listing fake sites - there are many tools ... one of them is offered by Centurica ... they do thorough due-diligence for you (especially revenue and profit claims)... also you can ask for skype meeting to show you actual online inflows and outflows of money, email list, etc.

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