I first heard this saying from Mark Ostrovsky and he said;
“WHERE THERE IS SPENDING POTENTIAL THERE IS INCOME POTENTIAL”
Hence it has ever stock with me when am searching for new opportunities to earn either online or offline in my day to day dealings. That is why we took time to break down technique hundreds of individuals use to make a living on cokodeal marketplace. Let’s get straight to the points.
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Go to your own version of “Alaba street” that is a location in Lagos where large traders and SMEs that offer products in wholesale quantities. If your city doesn’t have a concentrated location for big traders, check out an area of your city that has shipping port (e.g in Lagos Apapa Tin Can), where large traders come to export their goods.
First step to get your first client
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Contact the business owner and describe a method of online marketplace to them that you can use to help them bring in large buyers for their goods at no extra cost from them. When they accept, take some digital photos of 20, 30 or 50 products you think might sell well online. These could be raw materials, to cosmetics, to locally produced goods or clothing and textiles materials. However, remember all have to be locally produced.
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Make sure to note the costs price, wholesale price and variation in quantity prices of each goods to be sold. Check out how much inventory the business wholesaler has available or quantity that can be produced within a period.
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Post them on cokodeal.com and list them in an organised way to make your store neat and attractive. Write full product description, specification and advertising copy to accompany your product photos to try and sell.
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See which products gets clicked in your account using “product performance tool”, which products are selling, that have more demands and which are not.
Income sharing deals with outside vendors
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When there is an order, follow up on the transaction, as you will be contacted directly on your store phone number or via message inbox on your store account and get orders closed.
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Fulfil the sale by following through with the wholesaler to send goods directly to the buyer. Get your own mark up sales (i.e how much you placed as the price on the website) or commission on the deal as you may have agreed with the business owner.
Final thoughts
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Final step repeat steps 2 – 7 with different other business owner
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Watch your profit rise monthly without having the cost of owning all the problems that come with running a personal business.