Do you think online business costs a lot to start?
5 steps to making money online with a $39 investment
Ask yourself:
Which niche interests me?
What customer avatar am I looking at?
Which niche has a big pain point that I can solve?
Choose a niche that is best suited to your product
If you have an online following, that is your niche.
Source Your Product
4 steps to a successful product sourcing:
1 Research your products consumer demand and trends
2 Contact suppliers for manufacturing
3 Ask for samples to test your product
4Pick your favourite supplier
Aim for the best customer satisfaction w/ your product.
3) Set Up Your Website
Your website is your plot of land
Your products are your tools to build that land
Build your website is easy:
Buy a Shopify hosting ($30 a month)
Buy a Namecheap domain ($9 a year)
You have the tools to build your website, it's time to drive traffic
4) Drive Traffic
There are many options to drive traffic to your site:
1.Blogs 2.Email list
3.Paid Ads
4.Sponsors
5.Twitter Account
These can take time to generate consistent revenue
Staying consistent will ensure sales with your products.
5) Fulfil Your Orders
Two options:
1. Fulfil and ship the products order yourself 2. Have Amazon handle the entire fulfilment for you
If you’re fulfilling the order yourself:
1. Have a notification that alerts you of orders 2. Pick the right packing material for your product 3. Package your order 4. Label and ship the product 5. Track the products to ensure it reaches its destination
Don’t overcomplicate the process of selling online
To summarize:
1. Pick your niche 2. Find your product 3. Set up your website 4. Drive traffic to the website 5. Fulfil your product after making sales
I take it you want to learn more about eCommerce?
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Over 50% of the online retail market is owned by Amazon
That's trillions of dollars exchanging hands every day
Here are 3 ways you can get a piece of that with online arbitrage:
An example of Online Arbitrage:
1. Shop online for deals you can resell on Amazon for a profit 2. Ship those items to you 3. Repackage the products, list them on Amazon and send them to be shipped 4. You receive around 30% commission for each sale
Reasons why Amazon beats eBay:
-10x the market size
-More opportunity to make sales
-Less shipping and fulfillment headaches