What Is A Physical Product Seller?
August 14, 2008
If you’re selling a product that needs to be shipped, that you can hold in your hand, chances are, it’s a physical product.
There are several different types of physical product sellers:
- Some product sellers create an item by hand — like handcrafted jewelry, handmade baby slings, hand-poured candles, etc.
- Other product sellers manufacture their goods using local factories for production.
- Some product sellers work with overseas cooperatives, in which a group of people create a product and the seller buys the product to resell in the U.S.
- Affiliates are product sellers who join a manufacturer or retailers affiliate program. The affiliate promotes the product on her website and then receives a percentage of every sale. The percentage for physical products is usually between 1% and 5%, and the affiliate doesn’t have to worry about customers service, shipping, processing orders, etc. She only has to market her site.
- Some product sellers purchase their inventory from one or more manufacturers and sell the items on their website. This option requires more work from the product seller, but offers more opportunity for profit than the affiliate arrangement.
- And then some product sellers, which you are most likely familiar with, sell their products in a physical store, also known as a brick-and-mortar.
Each of these options come with their own expenses. Manufacturing your own products can have a high profit potential, however, this requires a lot of work and can require a lot of time and monetary investment.
If you’re wanting to sell physical products online, join our email notification list (see below!) and attend our online event September 17-19.
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