Hi, my name is Max and I’ll be your host for today. Today I’m going to tell you the absolute SIMPLEST way to make money online. It doesn’t require any special skills, training, or experience. You simply need to follow the steps below, and within a couple of days you’ll be making money online without even lifting a finger.
Create a Product
The first step to making money online is to create a product. Now, there are hundreds of ways to make money online without creating a product (mostly through affiliate marketing and content marketing), but the key to making money online truly legitimately is to create a product that people want to buy. This is because when you create a product you are essentially creating a market for yourself. People want to buy your product (whether it’s physical or digital), and once they’ve bought it they’ll have a need for what you’re offering. This is why it’s so important to create a product that people want.
So, how do you go about creating a product? The best way to create a successful product is by utilizing one of the most popular online marketplaces: Amazon. There, you can go through hundreds of different products grouped by category (like electronics, health and fitness, etc.). Choose a category that you know some a lot about, like health and fitness, and then, within that category, pick out a few products that you know are popular. For example, if you’re creating a health and fitness product, then look at the top 5 or 10 products within that category on Amazon.
Once you’ve found a product that you think will do well, click on the small “buy” button under it. You’ll then be taken to a page where you can choose from various sizes and colors of the product.
If you’ve chosen the right category (like health and fitness), then you’ll see a large number of products that are very similar to yours. In this case, you might want to consider creating a tiered version of your product with varying prices. For example, you could create a basic version for $5.00, and a deluxe version for $10.00. You could even create a third version that’s exclusively available for members of a certain website or platform who purchase a certain number of your products (e.g., buy 3 health and fitness products from you and you’ll receive a free workout video from that website). This would allow you to truly monetize the product that you create.
Find A Niche
Once you have a product that people want, it’s time to find a niche. What does that mean? Well, to put it simply, your niche is the type of person or group of people that you’re trying to reach with your product. When you choose a niche, you are narrowing your target audience, and therefore boosting your chances of converting online buyers into paying customers. There are many different ways to choose a niche, like choosing a topic that you’re passionate about (like health and fitness) or a problem that you’re experienced in solving (like affiliate marketing).
When choosing a niche, it’s important to focus on finding a balance between being unique and having enough demand in your chosen niche to make a profit. For example, if you are trying to create a wellness product for people who want to lose weight, but there aren’t many people who want to lose weight out there in the world, you’re better off avoiding that niche completely (unless, of course, you’re passionate about helping people who want to lose weight). Instead, you could create a product for parents who want to raise their kids healthily and you’ll have somebody to target.
Decide On The Sales Funnel
Once you’ve found a niche and you’ve decided to create a product, it’s time to figure out how you’re going to sell it. This is where things can get a little tricky because there are so many different sales funnels that you can choose from. When deciding how to sell your product, it’s important to consider your budget and whether you want to go through a traditional retail model (like with a physical product) or a digital/online one (like with a digital product).
For the purpose of this tutorial, we’ll be focusing on creating a physical product (like a wellness pack or travel mug) and then deciding what will be the best way to sell it based on your budget and the model that you choose.
Choose Your Retail And Wholesale Partners
One of the most important things to consider when deciding how to sell your product is your retail and wholesale partners. When choosing retail partners, try to stay within a trusted network. Also, make sure that you partner with businesses that have high customer confidence. If you go through a physical store, then you’ll want to work with a company that owns a brick and mortar store. If you decide to go digital, then you can partner with big box stores like Amazon or Walmart, etc.
When choosing your wholesale partners, also consider whether you want to go with a company that has a large base of customers or a company that is well-established. If you partner with a company that has a large base of customers (i.e., lots of reviews and testimonials), then it’s going to be easier to scale your business if things go well. However, if you partner with an established company, then you’ll have the benefit of their expertise should things go wrong. In either case, make sure to work with a company that is reliable and trustworthy.
Set The Price Of Your Product
The last thing that you need as an entrepreneur is to ruin your entire business plan by choosing an impossible price point. Now, there’s nothing wrong with charging a fair market price for your product (as long as everybody involved is reasonable and there aren’t any shady business practices). However, you must choose a price that you think is fair and doesn’t put you in a conflict with your profit margins. Remember, your product is worth exactly what you think that it’s worth, and you can’t go wrong with that simple formula.
Write The Synopsis And Overview
Now that you have a clear picture of your sales funnel, you’re ready to write your synopsis and overview. Your synopsis is going to be the first thing that potential customers read about your product. It’s also going to be the first thing that people who are viewing your product’s details (on Amazon, for example) see. So, make sure that you write a good one.
Your overview is also important because it’s the first part of your product listing. It provides potential customers with more information about your product and serves as a short summary of the entire document. Ideally, you want to keep your overview concise but also detailed enough so that someone who’s unfamiliar with your product can still figure it out. You don’t want to give too much information away in your overview because you don’t want to spoil the experience for someone who’s reading your product details on Amazon.
Once you’ve written your synopsis and overview, it’s time to get pre-orders. How do you do that? You could start by creating a small ordering window in which interested parties can pre-order your product. You could also contact the product’s manufacturer or find a distributor that’s offering your product (remember to look for those with a good reputation). Once you have a small number of pre-orders, it’s time to work on getting the word out. There are many ways to do this, like posting on social media (like Facebook or Twitter), contacting bloggers who might write about your product, etc.
Once you’ve gotten some initial pre-orders, it’s time to work on improving and expanding your audience. It’s always easier to get new customers than it is to convince existing ones to buy something new. So, work on generating more leads and converting them into paying customers. This might mean doing things like putting together a free sample pack for people who sign up for your email list (or using a tool like MailChimp), sending out periodic emails with helpful tips or valuable information, or offering a special deal or discount for people who subscribe.
Once you’ve gotten your business up and running, it’s time to focus on growing and maintaining your business. Make sure to build a strong community by engaging with your customers on social media, offering expert advice, etc. While you can’t grow your business by offering a discount (since that would be unfair), you can try offering special deals or discounts for certain products (like an introductory offer for new customers or a referral program where you give customers a % off their first purchase).