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21 Oct, 10 tweets, 2 min read
8 easy online business models you can start for less than $100:

//THREAD//
1) Blogging

I’ve been blogging for years now and it’s one of the easiest ways to publish your knowledge online

My Blog has become its own business by posting content on my website

What you need to start:

1. Domain
2. Web Hosting

Investment: $100/3 years of hosting + domain
2) Creating Courses and Selling on Udemy

Create a course by:

Planning your video
Recording your screen with Loom
Uploading it onto your Udemy course for free

You can start earning 95% from the sales on the course!

Investment: Free Udemy package + 30 days free Loom trial
3) Podcast

If you’re looking to take content creation to the next level, a podcast is for you

Create a podcast by:

- Recording your microphone
- Purchasing a podcast hosting
- Uploading it onto Youtube, Spotify and Apple Music

Investment: Podcast hosting $18 + $70 Yeti mic
4) Affiliate Marketing

How to start:

-Join an affiliate program
-Write content for your social media or blog
-Send a lead to the website and you’ll earn a commission

Investment: Program cost + ads (if you want to run campaigns for the course).
5) Online Review Site

People look for reviews when they’re searching for a product on Google.

How to start:

Go after specific markets
Use Google keywords to rank your review website
Plug affiliate programs on the website

Investment: $100 for 3 years of hosting + free domain
6) Freelance Writing

Billions of active websites are online

There is a big demand for content creation

How to start:

Join a freelance marketing site
Get paid by site owners to write their content
Create your portfolio site

Investment: $0 for writing marketplace (TextBroker)
7) Outsource Work on Fiverr

There are thousands of jobs on Fiverr available

How to start:
- Set up a Fiverr account
- Pick up customer review
- Start ranking yourself higher for your expertise

Top users on Fiverr generate 6 figures a year
Investment: $0 to open Fiverrr account
8) Start an Ecommerce Store

My first successful business was a handkerchief store

How to start:

-Build a WordPress website
-Set up a Woocomerce store on the site
-Start adding your items

Investment: WordPress hosting (around $20) + Woocommerce ($3).
Thanks for reading through!

I hope this thread helped you get started in the online business world

Follow me for more content on how to make money online (even if you’ve never made a cent)

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More from @mywifequit

Steve Chou Profile picture
23 Oct
MEGATHREAD:

9 Ways To Make Money With Amazon

Take one, roll with it and you could be making five figures a month by the end of 2021:
I’ll rate the thread from 1-10 depending on the

1) Startup cost
2) Difficulty to start
Revenue velocity
1) Mechanical Turk

Amazon Mechanical Turk is a crowdsourcing marketplace for small virtual tasks

Examples you’ll find out the platform:

-Take a survey
-Give your opinion on a website
-Google search and provide a result
Read 21 tweets
Steve Chou Profile picture
16 Oct
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.
Read 9 tweets
Steve Chou Profile picture
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
Steve Chou Profile picture
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
Steve Chou Profile picture
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
Steve Chou Profile picture
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

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