Discover 6 business ideas online and use them to create a small business online (w / Mark Ling).
►► How to make $ 10,000 / month with dropshipping:
Videos / links referenced:
Choose the best products for the Amazon FBA private label:
Why I left the retail arbitration:
How to start a business without starting money:
Earn money with a Dropship business:
Online business idea n. ° 1 to create a small online business: start a YouTube channel!
Even though this channel (currently) has less than 100,000 subscribers, it still earns tens of thousands of dollars per month.
The key is not to monetize with Adsense. Here at Wholesale Ted, we have disabled AdSense. Why? Because he earns very little money: he earns only $ 1-2 for every 1,000 views for most channels. Neither do we monetize with sponsorships since this is worth very little money, and we like to have control over the products that we recommend / promote.
Instead, we recommend that you earn your money by promoting products / services that you use / believe have an affiliate program, or that you yourself sell your own products / services through your channel.
And be sure to focus on creating great videos and content. If you give the viewer tons of value and treat money as a secondary concern, you will earn much more money that way!
Online business idea # 2 to create a small business online: Become an affiliate marketer
An affiliate marketer is someone who promotes other people's products. When someone buys a product on their own, they will get a commission for the sale. This can be as high as 50-75%. Our special guest Mark Ling earns tens of thousands of dollars each week only with this unique method.
As an affiliate, your sales are tracked through a unique URL. When someone clicks on that URL, it "cooks". That cookie tracks them and means that the merchant can tell if someone bought the product after clicking on their link.
YouTube is a method you can use to generate traffic, but there are also several others, such as Facebook, Google Adwords, free Google search traffic, Pinterest and Instagram.
You can link directly to the product with your affiliate link, or you can instruct people to download a gift such as an e-book in exchange for giving you their email address. You can then send them ads by email for affiliate offers. Generally, we recommend this method.
Online business idea # 3 to create a small online business: retail resale and arbitrage
This method involves finding items offline and reselling them at higher prices on sites like eBay or Amazon. There are two main ways to do this:
1) Find items in second hand stores / garage sales / Facebook groups from Craiglist / buy and sell and resell them on eBay or Amazon.
2) Find new items with lower prices in retail stores than Amazon.com. Buy the shares and then send them to an Amazon FBA store. This method is called retail arbitration.
As Sarah said in this video, she no longer does it because it does not scale as well as other methods, but it can still be a 6-figure business and is friendly to newbies.
Online business idea n. ° 4 to create a small online business: sell your own digital products with affiliates
What is even better than being an affiliate? Have affiliates sold for you! This is how this business idea works:
1) Create your own product (for example, our special guest Mark Ling has an online course called Manifestation Miracle that generates tens of thousands of dollars each month).
2) Put it on a site like ClickBank that has a large group of affiliates looking for products to promote.
3) Allow affiliates to direct traffic and sales to your product for you.
With the email list that you compile through your customers, you can use it to promote other affiliate offers as well. It means that you will be a merchant AND an affiliate!
Online business idea # 5 to create a small online business: Dropshipping!
With this method, you can sell items without having to buy them in advance. The manufacturers of that ship will allow you to buy items individually after a customer has ordered it, and they will send it directly to the customer. It makes it an excellent method of electronic commerce for people with little start-up money.
Online business idea n. ° 6 to create a small online business: sell products from China
With this method, you import items from China. There are several ways to sell these:
1) Private labeling and sale in the Amazon FBA program.
2) Sell on your own websites (even to obtain higher profit margins).
3) Combine with a digital product as an additional sale (and use affiliates to boost this traffic).
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Video credits to Wholesale Ted YouTube channel