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?

Shoot me a follow to learn more and support a fellow entrepreneur.

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More from @mywifequit

14 Oct
10 Threads That’ll Teach You How To Start Your First Ecommerce Business:

Bookmark this thread:
Top 4 eCommerce Ideas that you can start and make Money Fast

The 6 ways I made Big Money and how you can do the same

Read 13 tweets
9 Oct
eCommerce is Predicted to have 2.14 billion Global Buyers by the End of the Year

Are you still looking to get into E-com?

Here are 8 E-com Business models that will save you time and money

//THREAD//
The E-com model you choose comes down to one thing:

Risk vs Reward

Models can be:

>Easy to start but hard to profit
>Hard to start but can be extremely profitable
This thread rates each model based on the:

1) Profit velocity
2) Ease of launch
3) Level of competition
4) Sustainability and risk

Learn how to make the right decision in this thread:
Read 28 tweets
6 Oct
8 figure brands are made with E-commerce Private Labels

Here are 5 steps to building your very own custom label to make big money

//THREAD//
Do you want to start your own eCom brand?

Here are the two options:

-Invest in product development
-Private labelling

Private labelling lets you build your custom brand with pre-existing products
Private label saves you:

>Time
>Effort
>Money

Here are 5 easy steps to breakdown the process:
Read 11 tweets
2 Oct
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

How you can get started with Amazon:
Read 9 tweets
30 Sep
Wondering how you can master e-com?

One of the best ways is to start your own private label store

Here are 5 steps to scale your online business

//THREAD//
How can you start an e-com business?

You have two options:

1. Invest in product development
2. Private labelling

Private label is my favorite

It saves:

-Time
-Effort
-Money

It’s the way to go

Here is how you can get started:
Step 1: Pick a Niche & Product

The more niched down, the better

Choose a market that interests you

Or choose one that you’re familiar with

If you’re reading this, you might have a great social media following

That can be your niche
Read 11 tweets
25 Sep
14 years ago, my wife and I quit our jobs

We chose eCommerce as our next adventure

Fast forward to 2021 and we own two 7-figure online businesses

Do you want to do the same?

Here are 4 profitable eCommerce business ideas that you can get started with

//THREAD//
Business 1: Dropshipping

One of the classic ways to make money online

How it works:

Dropship products form wholesalers
Sell them at higher margins on your website

You use your marketing to sell someone else’s product
Positives:

-No inventory
-Low startup cost
-You don’t handle fulfilment

Negatives:

-Saturated
-Fulfilment issues
-Low-profit margins (only 10%-30%)

Dropshipping is a great risk free starter to eCommerce
Read 9 tweets

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