WHAT IS THE BEST AUTOMATED ONLINE BUSINESS?
Today, the Internet gives us an unlimited number of business opportunities. Benefits and advantages of online business are absolutely infinite. Millions of people worldwide make a living through different types of online businesses. Nowadays, a person is able to choose the online business that is more suitable for his personal talents, skills, knowledge, and experience. All of the online entrepreneurs are interested in financial profit. And of course, all the people want to make as much money as possible in the shortest period of time. Moreover, it would be much better if a business is fully automated.
I a few days ago, I received some advice requests from the people who are looking for the best fully automated online business. In this article, I am going to share my personal business experience with you. And of course, I will tell you about the best fully automated online business that exists on the Internet.
I have been involved in almost all types of online businesses that exist on the Internet. Some of them require a lot of financial investments; others are less expensive. Some of the businesses I have made are too time-consuming; other ones do not require much time and efforts.
I have made a conclusion that selling digital books on Amazon and CreateSpace is the best fully automated online business that exists on the Internet. Nearly one year ago, I wrote my first novel book. I published its digital version on Amazon KDP, and the hardcover on CreateSpace. Since that time, I have already written and published nearly 8 books. When I first saw my first money from the book sales, I realized that this type of business can be extremely profitable. Amazon is visited by millions of people. Thus, it becomes a very good arena for selling your products. Selling clothes, accessories, cosmetics, and other items is not much profitable. Let me tell you why I think so.
1) A VERY HIGH COMPETITION
Millions of people use dropshipping in order to make business selling on Amazon. If you use the same business model, you won’t be able to set your desired prices for the products you list. The products provided by dropshipping companies are already sold by thousands of other sellers on Amazon. Hence, the prices are tremendously competitive. To make a successful trade business on Amazon, you will need to sell absolutely exclusive and original items that are not sold anywhere. This is the only possible way to make an effective business on Amazon. Otherwise, your Amazon listings will be lost among thousands of similar items listed on that online store.
2) AMAZON FEES
Amazon takes big fees. This is a real fact I got acquainted with a few months ago. First, Amazon takes 15% from the net price of your product listing. Thus, if you list a product that costs 60 $, Amazon will take 9 dollars as fees. Moreover, you Amazon professional seller plan will cost you 39 $ monthly. Amazon has other fees that I have not mentioned yet.
Hence, a very high price competition and Amazon fees make business on Amazon almost impossible.
Selling digital and physical books on Amazon is more comfortable and profitable. Sure, Amazon also takes some fees from books sales. It might be 75% or 35%. However, this type of business does not require your efforts and daily business. Once you have published your book, you merely visit your dashboard in order to see how much money you have already earned. I do just the same thing. One year ago, I published my first book. As I have already told you, since that time, I have written and published nearly 8 books. Today, I receive monthly royalties from Amazon directly to my bank account. I do nothing to make this business. It is fully automated. I do not even promote or advertise my book. If I did so, I would already make millions of dollars by selling my books. To be honest with you, I do not make tons of money selling my books. Nevertheless, I have a regular monthly passive income.
If promoted very well, this type of automated online business might give you a very serious income. If you can write a good book, do that as soon as possible. Publishing your books on Amazon is absolutely free. Thus, you lose nothing in this business. To write a book, read this awesome article HOW TO WRITE AND PUBLISH A BOOK.