In this video, discover 6 online business ideas and use them to create a small online business. Special guest: Milenio online Mark Ling.
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Videos / referenced links:
Choose the best products for the Amazon FBA private label:
Why I Resign to Retail Arbitrage:
How to start a business with no money start:
Make Money With A Business Dropship:
Online Business Idea # 1 to Create a Small Business Online: Start a YouTube Channel!
Although this channel (currently) has less than 100,000 subscribers, it still earns tens of thousands of dollars a month.
The key is not to monetize with Adsense. Here at Wholesale Ted, we have adsense off. Why? Because you earn very little money: Earn only $ 1-2 per 1,000 visits for most channels. We also do not monetize with sponsorships as this is worth a lot of money, and we like to have control over the products we recommend / promote.
Instead, we recommend that you earn your money by promoting products / services you use / believe to have an affiliate program, or 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 the money as a secondary concern, you will earn a lot 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 people's products. When someone buys a product because of you, you will get a commission cut on the sale. This can be as high as 50-75%. Our special guest Mark Ling makes tens of thousands of dollars every week just with this unique method.
As an affiliate, your sales are tracked through a unique URL. When someone clicks on that URL, they are "cookied". 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, Google search free traffic, Pinterest and Instagram.
You can link directly to the product with your affiliate link, or you can direct people to download a gift as an ebook in the exchange to give you their email address. You can then email them for affiliate offers. We generally recommend this method.
Online Business Idea # 3 to Create a Small Business Online: Reselling and Retailing Arbitrage
This method involves finding offline items and reselling them for higher prices on sites like eBay or Amazon. There are two main ways to do this:
1) Find items in thrift stores / garage sales / Craiglist / buy and sell Facebook groups and resell them on eBay or Amazon.
2) Find the lowest priced brand new items in retail stores than at Amazon.com. Buy the stock and send it to an Amazon FBA store. This method is called Retail Arbitrage.
As Sarah said in this video, she does not do this anymore because she does not scale as well as some other methods, but she can still be a 6-figure business and she's a friendly newbie.
Online Business Idea # 4 To Create A Small Online Business: Sell Your Own Digital Products With Affiliates
What is even better than being an affiliate? Have affiliates sell for you! Here's how this business idea works:
1) Create your own product (for example, our special guest Mark Ling has an online course called Miracle Manifestation that makes tens of thousands of dollars each month).
2) Put it on a site like ClickBank, which has a huge affiliate pool looking for products to promote.
3) Affiliates drive traffic and sales to your product for you!
With the email list you build through your customers, you can use it to promote other affiliate offers as well. It means that you get to 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. Manufacturers that dropship will allow you to purchase items individually after a customer has ordered it, and will ship it directly to the customer. It becomes a great e-commerce method for people with little start up money.
Online Business Idea # 6 to Create a Small Online Business: Sell Products from China
With this method, you import goods from China. There are several ways to sell them:
1) Private labeling and sale in Amazon's FBA program.
2) Selling on your own websites (for even higher profit margins).
3) Combine with a digital product like upsell (and use affiliates to drive this traffic).
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Video credits to Wholesale Ted YouTube channel