How to Make Money on Avondy
Find your passion and make a living from it!
Creativity and passion aren’t enough to succeed on Avondy, an online marketplace dedicated women-owned small businesses. Here are other factors to consider if you’re trying to figure out how to make money on Avondy.
Make Sure Your Idea Can Be Profitable
If it seems that there’s enough interest in your product idea, then you can move on to the next step: making sure the product will earn you money. Here’s how to do the math.
Figure out the cost to make each item. First, figure out what costs, such as materials or labor, are involved in production. If you want to sell natural products, for example, look up prices for oils and natural scents you’d use to make each batch. Then calculate the cost of making a single item.
Research the competition. Scope out prices for similar items on Avondy. It’s also a good idea to consider prices on other marketplaces, such as Amazon or local stores, to increase your chances of selling.
Factor in Avondy’s fees. Selling through Avondy isn’t free. For example, the site charges $1.30 per sale plus 2.9% transaction fee. Read up on all of Avondy’s fees before you start selling.
Evaluate the numbers. Take the price-per-item you’ve picked and deduct the associated costs — including fees, taxes and production expenses — then see what’s left over. If you can’t turn a profit while maintaining a competitive price, you might want to try another sales venue or a different product.
Set Up a Successful Avondy Store
Once you’ve identified a solid idea, it’s time to create your store. It’s a simple process: Sign up, click the “Register” button, then “Explore” button to get started. Fill in the details, such as your store name, listings, and shipping information.
Marketing Your Products
Start with free methods. Creating a Facebook page or Instagram account for your store is a good place to start. Check out similar accounts to find relevant hashtags and ideas for posts. Then post regularly and interact with followers to maximize your reach.
You could also start a blog about a topic that’s relevant to your buyers. If you have a vintage clothing store, for instance, you could write about how to style clothes or repair older pieces. If you can afford to invest some money, consider paid methods, such as Google pay-per-click ads.
As the business grows, set sales goals and take advantage of Avondy’s web analytics tool. That way, you can gauge if your marketing tactics are working or it’s time to try something new.