With many looking for ways to make some extra cash this holiday season, using drop shipping wholesalers to earn profit is readily available.Let’s get into the details of dropshipping.
What is dropshipping and How Can I Get Started?
Dropshipping will let you sell your products either on your own site or on auction sites like eBay without having to deal with any physical stock or inventory as the wholesaler will deliver the goods directly to your customers.You will NOT have the hassle dealing with customers and the start up costs are extremely low.
You can successfully get started with as little as $50 based on the fact that you don’t start with expensive electrical equipment. Although you can start small you shouldn’t think small as you will find that prices drop when you buy in bulk so your ultimate aim should be that you can build up your business to the point where you can buy in bulk and increase your profit margins.I wish you the best of luck!
Here are the top mistakes people make when choosing to work at home:
Mistake #1-Time Management
When finally landing a work from home job and working for yourself, most people make the mistake that they can get up anytime they want and work anytime they want. BIG MISTAKE. You need to make a STRICT schedule and stick to it. For example, I am going to work 7-4pm (Monday-Friday) NO EXCEPTIONS. If you think you can work anytime you want you are setting yourself up for failure. Eventually you will get lazy and possibly fail unless you force yourself to have a strict schedule.
Mistake #2-Relying On Only 1 Product To Make You Money
Many people working from home making a stable income with affiliate marketing or product creation think relying on 1 product can get you by. BIG MISTAKE. Relying on 1 product to make you money will never get you by. I suggest having 10 or more sources of income flowing in from multiple sites!
Mistake #3-Ineffective Research
Many people make the mistake of creating ineffective products due to not enough research. Spend the TIME researching your niche, finding one guaranteed to sell. Any work at home business will require you to have products or affiliate products that truly sell.
I want to share with you some website flipping tactics that will maximize your profits! First of all, website flipping can be an extremely profitable business if executed correctly. There are numerous amounts of critical factors that come into consideration when flipping a website. If you ignore the tips below it can be devastating to your profits, so please listen up closely!
Tip #1: Research and Find a Profitable Niche
It is essential that when flipping your website, that there is a good chance it will profit and grow. Most people will only buy websites in hot and high selling niches. Spend a good amount of time on Clickbank trying to find this niche.
Tip #2: Traffic Flow
Never sell a website if it is getting NO traffic! Make sure your website is getting excellent traffic before you even attempt to sell it. This is an important factor to the amount of money you can receive for selling the site.
Tip #3: Get Sales!
Potential customers would rather purchase a website when the sales are skyrocketing instead of when it is decreasing. Flipping sites is done so quickly that this should not be a factor or problem you will face. If your site is already generating sales, well you can add some hefty money to the selling power of your site!
Tip #4: List Your Site for Sale in Detail
Present your site in detail when selling it. Put as much information as you can with as many visual images as possible. Put on your potential customer’s shoes and pretend you are them. Answer any questions they may have when listing your site before they have a chance to ask them!
Today’s lesson will be on teaching you the value of an e-mail list and the title says it all “If you build it they will come”. If you build your e-mail list, especially if it is properly managed, it can be a powerful advertising tool for your niche audience. When you build your website, your goal is to get returning customers. On average it takes 4-8 visits from a single customer to get a sale. If the customer only comes to your site 1 time, more than likely they won’t buy! The key is getting this customer’s email address by offering a sign up for a free newsletter and free tips on your niche. After you get these sign ups, you need to every so often contact your people with news and tips that are specific to the niche you are trying to sell to. People want to know what happens when they sign up for your emailing list, and if you promise free tips and a free newsletter you need to deliver and keep your promise.
The best site for building your e-mail list is Aweber. It is only $20.00 a month, and it will be the best $20.00 you can ever SPEND. It is so easy to use and only takes about 5-10 minutes to fully understand. If you decide to go any other route you may pay the consequences as people may report you for spam, etc… If you stick to your niche, let’s say it is forex trading, and you talk about politics, squidoo lenses, childcare, etc… you may be busted for spam. When you develop these email lists, you need to stick to the niche that your customer signed up for, and that’s it. With an e-mail list not only will you get many return visitors, it will lead to abundant amount of sales.
If you want to stay at home and make effortless online money, there are a few steps you must take first. You need to find a great affiliate product on clickbank.com or paydotcom.com to sell. This product needs to be simple to do, and offer you excellent commission. It also provides an opportunity for your potential customer to make commission also.Now, the second factor you need to consider is finding something that solves a problem? People have many problems, no money, no time, etc… a product that solves their problems will be huge to them and lead you to an easy sale.
The third step is finding a niche that has little to no competition. You do not want to enter into a large competitive market when you are just starting out. You could be setting yourself up for failure, and if you fail you could easily get discouraged and give up your internet marketing career.
The fourth step is that you need to be well educated on the product you are marketing for and be able to answer any questions the customer may have. Knowledge is power and if you possess knowledge you will have the power necessary to drive in sales.
The fifth step is just following steps 1-4 to a tee. If you want to have more time with your family and quit working your 9-5 day job, you need to follow these steps exactly. This is something you must do over and over again with any new product accurately and carefully. Honesty is your best policy. Being honest to your customer’s and helping them goes a long way in any business. Repeat customers are the key to any businesses success. If you are honest, friendly, and willing to help you increase your chances of becoming successful.
Ordinary people are making $10,000 a month or more on e-bay using a SIMPLE method.
First, you need to think of a market that people NEED. For example , right now the iPhones are HOT. What do people need for iPhones? Cases, Charges, Headsets, Headphones, etc.. This type of stuff can be bought overseas from legitimate sources VERY CHEAP and sold for nice profits on eBay.
Here is how you can make a lot of money on eBay:
1. Find a hot ticket item that is selling well in the USA right now (iPhones, nice digital cameras, any NICE electronic)
2. Find wholesale accessories for the item by searching http://www.alibaba.com , the worlds largest supplier directory
NOTE: Only buy from verified gold suppliers.. there are a lot of scam artists on Alibaba, but if you stick to the gold supplier you will be okay!
3. Develop a good reputation on eBay
4. Create an effective auction listing and price yourself lower then your competitors
5. Tune your auction based on your results
6. Expand the business to other areas using Alibaba
7. Sit back and collect the cash!
It’s really that easy guys. Those 7 steps WILL make you money if you take the time and initiative to set the business up.
I’m going to Tunica this weekend to check out the world series of poker. I’ll try to make a post in the next day or so before I leave, but I’ll be gone for the weekend. I hope to have plenty of questions and comments when I get back!
If there are a good bit of searches done for what I call “selling keywords” then chances are you are in a good niche. Another good indicator is if there are people paying for advertisements (Adwords)
If you search one of your niche’s keywords and you see people selling similar products to what you are planning to sell, then you are in great shape to start product creation.
Okay, on to creating the sales page, minisite, and ebook. You might need to hire a designer to do the minisite. You can find them anywhere - digital point forum and elance.com to name a few. It takes practice to write a good sales page so I recommend looking at a lot of different sales pages and get a hang for how they write them.
You have to be sure the ebook is comprehensive, original, and fully explains your topic.
If you write a crappy ebook all you are going to have is returns, which is NOT good.
Okay, finally, MARKETING!
Without marketing, you will make no money and that my friend is sad.
You need to have a plan for paid advertisements, SEO, article marketing, link building, EVERYTHING!
Think outside the box. Test with small budgets for paid advertising and write a LOT of articles.
Use all the free advertising techniques I have taught and really just keep at it.
First off, I want to sincerely apologize for not making posts the last couple of days. As I’m sure many of you realize by now I’m a full time college student and full time internet marketer. I provide a lot of services to fellow internet marketers (mainly webdesign) and I had a guy that needed a project very quick. He paid very well for me to basically drop everything else I was doing to get his website up by Saturday. My blog and my friends suffered this weekend but I have to take these jobs when I get them.
Anyways, back to business all this week!
Okay… let’s go over what almost EVERYONE preaches online “Becoming an Affiliate Marketer”
First, let’s think. Do I think affiliate marketing is worth it?
Yes and No - Affiliate Marketing has been very good to me, but at the same time it’s been not so good to me. I believe it almost holds back a lot of new internet marketers and puts them in a comfort zone of not learning the neccessities to really become rich in this business (product creation, web design, advanced marketing) Instead, all an affiliate marketer has to do is solely work on promoting the product through various methods. The affiliate marketer is only rewarded with an average of 50% of any sales he or she makes.
If you are new to Internet Marketing, I highly suggest Affiliate Marketing to get a grasp on the business. After that, you really do need to learn new methods to make money online.
To become an affiliate marketer you are going to need to sign up with the largest marketplace, Clickbank.com
Only promote products that have high gravity and are in hot niches. Don’t take gambles until you understand how it all works.
I highly recommend using free methods of advertising the affiliate offer such as article marketing, squidoo lens, blogs, forums, etc.
PPC is highly overrated in affiliate marketing and in my opinion is impossible to be profitable over the long haul due to you not keeping 100% of the sale.
To be completely honest, I only dabbed around in affiliate marketing for a couple of months and made around $3000 the whole time doing it. I just wasn’t motivated to promote someone elses product everyday, but hey, that’s the entrepreneur inside of me.
I’ll be back tomorrow guys to talk about “How To Make Money Online Creating Your Own Product”
Today my lesson is “How To Make Moeny Giving Away Free Stuff”
I’m going to let you in on a little secret I’ve learned and been told OVER and OVER and OVER
People love FREE STUFF. People are literally psychologically attached to seeing the word FREE and something clicking. It’s hard to explain but its the best way to get somebodys attention.
On many of the e-products I sell today my main sales page GIVES AWAY a FREE REPORT.
Let’s say I wrote a 50 page book on “How To Make Money”
I’d draw the visitor in by saying “Sign up for my mailing list and get chapters 1-3 ABSOLUTELY FREE!”
I get the users e-mail address for further sales, I gain their trust, and they are happy. You ALWAYS need to be building an e-mail list in this business. My favorite e-mail list autoresponder service is www.aweber.com . They are awesome and hold all four of my e-mail lists.
I’ll be back tomorrow to go more into detail on how to use this method but I just wanted to get some ideas going in your head before we go into the lesson tomorrow.
Sorry for the short post, but today has been a LONG day. E-mail any questions!
What a day! As many of you know I’m in college and today was my first day back. I can already tell this semester is going to be full of sleepless nights followed by pots and pots of coffee. My situation is kind of unique because I honestly know what I want to do with my life. I have my internet marketing career planned out for the next decade.
I’m finishing college for three reasons:
1. To please my family - they’ve invested thousands and thousands of dollars for me to go to college
2. When I’m older I want to be able to say I graduated college
3. I only have two years left
Unless the internet goes extinct in the next fifty years I can honestly say my degree is going be collecting a lot of dust. Oh well!
Okay, on to my latest method on “How To Make Money Online”
This method involves using Craigslist and EBay. I actually came up with this method when I was 17 years old REALLY needing to make a quick $100-$200. It’s easy and just takes a bit of work. I’ve recieved a couple of e-mails needing to make quick money online and this is honestly the quickest way I could come up with.
Okay, here is the method.
Everyday in YOUR city, THOUSANDS of valuable items are listed on Craigslist. The sellers are EAGER to sell the items and many times have NO idea what the worth of their item is.
YOUR JOB is to find good deals on Craigslist and then caller the seller.
Probably 60-70% of the time you can negotiate with the seller to LOWER the price by 25% or more. The LISTED price means nothing!! Craigslist sellers are generally the most desperate and listed their item on CL because they wanted CASH TODAY. If you don’t mind traveling to meet up with sellers and wheeling and dealing you can make some serious cash doing what I call Craiglist/Ebay Arbitrage.
How do you find out if its worth to sell on ebay?
Simply create an ebay account and do an ADVANCED SEARCH for your item and click “Completed Auctions”
BAM! You can see every price for your item the auction has closed at.
Generally I look for electronic items on Craigslist because those are the most sought after on EBay.
Do not be afraid to negotiate on the phone!! I’ve saved THOUSANDS. I’ll usually say something like
“I can pick up the item in an hour CASH if you can sell it to me for $XX.XX”
They will either counter offer or say SURE!
It’s easy guys.. It takes work but its GUARANTEED!
Build your EBAY rep to gain more and more bidders for your items.
One word of caution.. be a bit careful dealing with Craigslist sellers. There have beeen people set up to be robbed before so I HIGHLY suggest meeting the person in a public area such as a McDonalds or a mall etc.. I NEVER go to the persons house..
Also be sure to look the item completely over before buying.
That’s it guys! I’ll be back tomorrow with another way to make quick, fast, and guaranteed cash online.
