HOW TO START A MAJORLY PROFITABLE ONLINE STORE
One of my favorite money-making hustles aside from blogging is running an online shop. ECommerce truly is a rewarding and fun business to get into, and if you know a bit about marketing it can be extremely profitable too. I have run a few online shops over the past decade, and the side income has always been a nice extra bonus. Back when I started my first online store, everything was a manual process and was incredibly time-consuming.
Nowadays there are apps that make running an online business completely efficient and streamlined! With a few steps, you can start an online store today and add an extra $3,000 or more to your monthly income.
And that is passive income. Meaning that once you put in the work to set up your store, the money it generates becomes automatic, without much or any up-keep.
MY FIRST ECOMMERCE BUSINESS
I was in University when I started my first online store, after finding a local screen-printing shop that was selling blank shirts and hoodies at an unbeatable price of $2-4 each. I bought up a ton and started reselling them on eBay and Craigslist for $20-40, and sold out within my first two weeks. So I bought more inventory and did it again.
A month later I upgraded from eBay and Craigslist and launched my own website. Pretty soon I was selling these blank Tshirts to customers all over the world.
Things were going great! I thought that this was going to be my get out of debt free card, and it was for a while until my supplier (the screen-printing shop) went out of business, that is!
Suddenly, I was out of inventory, and unsure how I was going to fulfill my orders. So I began buying clothing from online wholesale companies, which was alright at first. But the process was so clunky!
Having to pay for shipping to receive the stock, then waiting for the items to come in, then re-shipping them out again. And if any items didn’t sell, I was stuck with a pile of leftover stock nobody wanted and was out financially for it. Not cool!
In addition to all of those woes, I also hated having to go to the post office every day. There were other things I wanted to be doing with my life than waiting in lines all of the time!
That’s when I started looking into other ways of doing business, and I found out about dropshipping. After reading everything I could about how to drop ship, I decided to change the way I did business, to stop buying inventory all together, in favor of becoming a dropshipping business.
This decision ended up being the best and most financially smart decision ever!
WHAT IS DROPSHIPPING?
Dropshipping is when you sell products that you don’t actually psychically have. You list products for sale on your website, a customer buys it from your website, and then you buy it from a supplier, and that supplier sends the product directly to your customer.
- You list a shirt on your website for $30
- A visitor to your site purchases the shirt
- You then buy the shirt for $3 from your supplier and give them your customer’s address
- Your supplier ships the shirt to your customer
- You just profited $27
With dropshipping you don’t have to buy anything unless it sells first, you don’t have to ship or receive anything, your suppliers handle the shipment of orders right from their warehouse. All you do is run a website and market it to your customers. So you can see how quickly this could make a lot of money.
Dropshipping has allowed me to create a more profitable business with less risk and less work. I no longer have to worry about excess inventory, deal with shipping or go to the post office ever again.
$12,000 A MONTH SELLING SWIMWEAR VIA DROPSHIPPING!
I helped set up an online dropshipping store for one of my students who is a stay at home mom. She sells swimwear online on her Shopify store and now earns over $12,000 a month from it! I’m not saying that you will make $12,000 right away (She puts in a lot of time, effort and money into advertising and marketing her business FYI) but I am saying that if you just try and start a store today, you WILL have a chance to earn money from it.
You just need to believe in yourself, believe in your idea, and just START it! Check out my video tutorial below to see how simple it is to start an online store.
HOW TO START A DROPSHIPPING BUSINESS
I have put together a free course to show you how to create an online business with dropshipping: Sell Out! Marketing Secrets Course. You can watch this video from the course, where I give a step-by-step instruction on how to set up Shopify and Oberlo:
WHY CREATE AN ONLINE STORE ON SHOPIFY?
- Shopify is the world’s fastest growing commerce platform with over 400,000 active global retailers
- You can sell online, offline and on-the-go
- Use your own domain name
- Sell gift cards and generate coupon codes
- Use its integrated blogging platform to create blog posts
- Process credit card payments directly through Shopify, or other gateways
- Process in-store purchases with Shopify POS
- Process purchases with your smartphone using Shopify Mobile
- Receive 24/7 onboarding and technical support from Shopify Gurus
- Access ecommerce analytics
- Use built-in SEO
- Rely on fast servers, industry-leading response times, and cutting edge infrastructure
- Keep your customer’s data secure with PCI Level 1 Compliant checkout
- Sell unlimited SKUs
- Shopify is always adding free new features to help you sell
DROPSHIPPING MADE SIMPLE
As discussed in the video, Oberlo is the tool to find, import and dropship products for your Shopify store. You can literally import hundreds of products to your store quickly and easily. It is completely free if you have less than 500 products. The supplier Oberlo pulls from is Aliexpress, which is a huge online marketplace in China that has everything you could ever want to sell. I like to frequently check the Best Selling list and Flash Deals list to see what’s trending and what’s on special.
READY TO START AN ONLINE STORE TODAY??
>> Get a 14 day free trial of Shopify HERE and start selling today. No fees!
>> Get Oberlo HERE!
>> Get AliExpress HERE!
FOR MORE INFO ON WHAT YOU WILL LEARN IN THE FULL FREE ECOMMERCE COURSE
To view the rest of the lessons in my eCommerce training course, enroll for free here: Sell Out! Marketing Secrets Course. This course will help you to target ideal customers to your online store and increase those sales!
Having a dropshipping business online is a great side hustle, and it also has the potential to be an extremely profitable passive income source if you just put in the time and effort to start it. You can do it!
>> ENROLL IN THE COURSE – FREE!! <<
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HerPaperRoute is a resource for bloggers to learn tips and tools to improve and monetize their blog and business. As such, I recommend products/brands that I personally use and trust in my business, this post may contain affiliate links where applicable. For more information, see my disclosures.