What is the specialty Merchandise Corporation?
You've probably seen the commercials on TV for Specialty Merchandise Corporation (SMC) and found it interested and want further says that SMC gives you the freedom to work from home and achieve their goals. So what is the SMC and how to allow you to work from home? They have a massive warehouse full of goods and allow their members to buy their products at wholesale prices and sell them at a huge markup without having to store any kind of list of your own. This business model is known as drop shipping. Drop shipping is where you as a business owner to advertise and sell products on your website. When someone makes a purchase, and order the product from the drop shipper, who is a SMC in this case, and they send it directly to your. Management Company said that his ultimate motivation is to put people in business. When Abe Levine started this job he claimed he had two choices. One, hire a sales force, or two, put people into business for themselves selling their product. I'm not sure there is a huge difference here from your point of view. It gave people a chance to start a business or are hired, their products are still getting sold. For business owners who are involved in the SMC, the benefit is that you have the freedom to be your own boss and you get some tax relief. I always wonder when business opportunities make claims such as "Our main goal is to help you start and build successful businesses." The main goal is to make money and executives believe that helping people start a business is the best way to move product.
Benefits of SMC's business model
As you may know there are many advantages for companies such as SMC or is it. First you have the opportunity to become a business owner. That means scheduling your time and have the freedom to work for yourself, not for someone else. Owning a business also offers people the possibility for large tax breaks which are always attractive. Another major advantage of SMC's offer of buying products at really big discounts, which means you have the flexibility to sell products and different price points to beat out the competition. Given the fact that there is no inventory, your expenses are low, you do not need large storage space and does not need to hire a lot of people. In fact you can probably get all by yourself, which makes success even more powerful. Since we do not store any inventory, you do not have to worry about shipping and packing it. Any fees or costs associated with the operation can be built into the price of the product. That is why SMC offers a very attractive opportunity.
Disadvantages of the SMC's business model
A mistake that many people make when getting into this business with SMC SMC think that will set the framework for you and help you run your business every day. Running an online store, selling items from the SMC, is essentially the same as running any other business with a difference. You do not have to worry about inventory. I still know how to prepare for taxes and protect your self from consumers. You still need to keep track of your accounting and keep good records. You May have to get some state and city tax license ... all the things you do not talk about, or help. Just because the longer you make this sound easy does not mean that. In fact most people do not earn even putting in the effort at all. You usually make money in accordance with the effort or performance you put in. drop shipping companies such as SMC often charge a fee for their services drop shipping, which could reduce the overall profit thing is that the Internet is the largest and most diverse market country. This means that no matter what you sell, chances are it will be very few people who are looking for though, if people are looking for what sells, to the visible to them. This requires marketing your website and optimize. SMC does not speak about their infomercials or web page you need to market your store and products. This is the key to making money online, not a business model.
I am certainly not saying that this business model is bad or that you can not make money using this method. I'm simply stating that its not as easy as it sounds on TV and requires a specific marketing skills in order to see any real profit.