Violence is a no-no
Powered by MaxBlogPress  

Making money online from overseas markets for individuals

It is not surprising for multinational corporations and big local companies to make money from overseas markets. One of the reasons is they have the required capital and skills to penetrate overseas markets. However thanks to Internet, there is another way to penetrate overseas markets : online marketing. Online marketing could be less costly than traditional marketing. Therefore there is a chance for individuals to make money from overseas markets. As long as the overseas customer is willing to accept digital goods and services delivered online by foreigners, you are in online overseas business.

Before we discuss ways to make money online from overseas markets for individuals. Let review some of the reasons for pursuing overseas markets

  • Overseas markets could be bigger and more lucrative
  • Your products and services are in demand outside your local market
  • Income diversification

Below is some of the ways to make money online from overseas markets

  • Trade securities listed in overseas markets. US markets are popular among individual traders outside US because of breadth and depth of US markets.
  • Do custom work that can be delivered online, e.g. programming, designs, writings, translation, being virtual assitant . You can get job leads from rentacoder.com, elance.com, getafreelancer.com, etc.
  • Produce digital goods, e.g. software, e-books, content websites
  • Market other people’s products online.

Interested? How do you get started? First find your products and services that can fulfill most of the following criteria

  • Your target overseas customers are comfortable with online delivery or online interfaction.
  • In order for an overseas customer to accept anything produced by a foreigner, it has to be much better than those produced locally for the same price range.
  • Your products/services are not produced/available in the countries of your overseas customers.

After that, you need to market your products and services to overseas markets. That is huge topic for discussions in the future :)

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Netvouz
  • DZone
  • ThisNext
  • MisterWong
  • Wists

One Comment

  1. […] anymore, they change. I know at least one Indonesia-based web designer that is concentrating on overseas business. One of the challenges ahead is how do everyone adapt to the situation that Malaysia is a net oil […]

Leave a comment