Thursday, October 10, 2019

What are the first and last steps?

The first step to launching your digital eCommerce business is identifying your market and the last step is upscaling it.

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Frankly, NOTHING can beat the digital product business model.

If you truly ponder on it, it beats the e-Commerce physical product market any time.

Here's why...

You don't have any real cost
- You're selling information that is delivered via downloadable material such as a PDF file or online streaming video. Unlike physical products, you don't have any inventory.

Product fulfilment can fully be automated
- Your customer pays you and they get their access. That's it, all automated. With physical products, you'll need to deal with fulfilment. Sometimes, packing and shipping too.

Your profit margin goes up to 100%
- When you are earning 100% profit, this allows you to have so much more budget for ads or for paying out referral commissions. Also, that takes away the "cost of refund" problem.

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