High Risk Merchant's Guide to Selling Computer Hardware Online
HIGH RISK MERCHANTS GUIDE TO SELLING COMPUTER HARDWARE ONLINE
By Gerri Bryce
Many people have been making a lot of profit off selling computer hardware online. Unlike selling software or other digital items online, computer parts undergo an entirely different selling process and may be considered less risky on the transaction scale.
A lot of computer hardware merchants actually make money by reselling computer parts. They will buy it for a lower price or acquire used parts then sell them online for a percentage of profit. There are a lot of existing reselling services online that will provide you several services in one package for a price. Some of these services may include:
Others work like eBay. You will only need to:
List your products with their descriptions
Receive buyer offers
Pick, reject or haggle offers
Ship the product
Plus you will have access to what other merchants are selling online by browsing the virtual marketplace.
High risk merchants find that if they can affiliate with good computer hardware drop shippers, they can make a ton of profit. Drop shippers only charge for the wholesale cost of the items and ship the items to the customers themselves. In fact, some merchants make money solely through making selling contracts with drop shippers.
Computer hardware sells like hotcakes these days too, according to online marketing researchers. When computer hardware merchants start transacting high volumes of payments each month, they may also start considering getting a credit card payment processor or a high risk merchant account provider to help them handle the growing sales volume.
Here's a list of benefits of having a computer products merchant account:
1. VIRTUAL TERMINAL
Once the merchant account is up and you are ready to accept credit cards, it's likely that your provider will let you process checks and other forms of payment using a virtual terminal. If you do the math, not only will you preserve the old-age functions of your business, you will also likely quadruple your sales as soon as you acquire your virtual terminal.
2. SAVINGS AND REDUCED RATES
High volume merchants profess that the new account has helped them save thousands of dollars per year, with discounts and promotions. Moreover, if your business is considered high risk and you're enrolled in an offshore bank, you get the privilege of reduced tax and non-governmental interference.
3. STATEMENT/ACCOUNT HISTORY REPORTING
Keeping count of your transactions whether it's daily, weekly, monthly, or yearly is extremely valuable to your business. Account providers ease your burden plus give you quick access to your account statements if you wish to view it online.
4. PROTECTION FROM FRAUD
It's mere common sense to apply only for a high volume merchant account that offers protection from fraud. This is the number one reason why some merchants don't want to take the first step towards application. A sophisticated system like SSL or secure database encryption will ensure no identity theft will happen. This results in less chargebacks.
5. SHOPPING CART
How you do your business remains the same except that your customers will find more ease in buying your products and services. For a discussion of online shopping cart, see Streetsmart Tips in Choosing Your Online Shopping Cart.