Many people may be stuck on how to make their first dollar online. At the beginning it may seem difficult but that is just because it is difficult to make a decision.
Around 20 years ago there was one basic business model if you wanted to start your own business. You would have to go find a good location, find a niche you want to target then sell products to those people by marketing in your local area. This prevented plenty of people from starting because of the high startup cost.
Nowadays with the progression of the internet there are more than enough options to start your own business and generate income with a low startup cost. Because there are so many options and the barrier of entry is so low, to many people are starting their own business and then changing ideas before their first business has a chance to prosper.
If you want to generate your first dollar online this is where you will want to start step by step. In these steps we will be talking about Shopify specifically.
Step #1: Keep It Simple & Take Action
From an outside perspective it may seem like a complex process to start generating cash flow. When you start with the end goal and work backwards you will see the simple steps you need to take.
To generate positive cash flow there are two thing you have to do. First you have to take MASSIVE ACTION. Your dreams won’t work unless you do. Second you have to exchange a product or service for its monetary equivalent to make a profit. (A.K.A. Make a sale for more than it cost you to fulfill your product or service.) Seems easy enough right?
Without taking the proper action you will not succeed. Now that you are working for yourself nobody will tell you what to do. The only thing you will have to do now is decide which actions will make you money. You may not make money the second you finish the step, but each action you take should lead you to being able to generate revenue.
Step #2: What To Sell & Where To Find It.
Here we go! The major mistake people make when trying to decide what to sell is, they think they have to reinvent the wheel. You don’t need to come out with something new and innovative. All you need to do is notice a product where the demand is higher than the supply. By jumping into this market you know that you will make sales because you can model the other companies success and just take a piece of the pie.
Now many of you may have the question “Doesn’t it cost a lot of money to invest in inventory to have products to sell?”.
The answer is NO! You have platforms such as AliExpress that allows you to get in contact with suppliers of any product that will ship the items you sell directly to your customer once you make a sale. Yep! You never even see the product in person.
Once you find your suppliers you can start testing products with advertisements. If the product doesn’t sell than you have no worries, just move on to testing the next product! As soon as you find a winning product you can then double down on your advertising for that product to simply get more people to see it resulting in more sales!
Step #3: Where Do I Sell These Products.
There are plenty of platforms you can start on. Between all of the different platforms to build a website, eBay and Amazon it is easy to start listing products to advertise.
Shopify is proven to be the easiest way to create a brand that is scalable. Shopify makes it easy to process payments, add products, keep track of customers, tracking conversion, it’s simple to embed all your event tracking pixels for Google and Facebook, along with allowing each user to customize their site completely. They really made it plug and play.
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Step #4: Get Your Product In Front of People
This may be the hardest part of the process but once you find out where your customers hang out it makes it allot easier. If you reverse engineer this process you can streamline your way to making your first sales. By leveraging social media this makes it more simple to find networks of people looking for what you offer. Between Instagram and Facebook there are over 2.8 billion active monthly users. Do you think that if you could tap into a network of 100,000 highly targeted people you could make a single sale? I’d be willing to bet money that tapping into 100,000 targeted customers would completely change your life.
Now you may think you have to have a large budget to tap into large networks of highly targeted people. What if I told you that you could do this with as little as $25 or less? Well it’s completely possible if you catch one of the latest trends before it gets saturated.
This trend is Influencer Marketing. You can utilize Influencers in your niche to get your message out to your target audience while gaining social acceptance. Now this is the most powerful part. People follow these influencer walking in their footsteps. If the influencer is promoting your brand then you are hitting a warm market by using the most seamless form of word-of-mouth marketing. Now your brand is more likely to become viral by becoming a trending topic. This will also allow your page to gain traction and boost your loyal followers. Now you are building an asset to advertise with zero cost. Although you have this asset you will not want to you stop users your influencers!