There are a lot of ways to make money on the internet, and eCommerce has to be one of the fastest ways to make money online because you don’t need to convince anyone that they need something, you just need to get them in your store!
Creating and running eCommerce sites isn’t as hard as one thinks, but you do have to know what you’re doing and how to set prices right to ensure that you get maximum profit.
There is a Ninja making money strategy called ‘Flipping’ which is to create/ buy a website at a low price, then change it to your liking and then sell it for profit; some people don’t even change anything besides the ownership of the site and they sell it. Flipping In eCommerce means, you find products to sell ‘Wholesale’ and make a ‘Retail’ site out of it, then sell to make money.
Of-course there is more to this business than just buying/ creating and selling. Below are some of the things you need to create and flip your eCommerce website to make at least $400 an hour.
Use Terapeak for Find Hot Selling Products:
First, you need to find products to sell on the site and since this will be an eCommerce website; you will need to find wholesale products on Amazon or eBay using a tool called Terapeak (it’s not free- but you pay $1 for 2 week trial).
Once you have found hot products to sell (Wholesale), then you need to scan the items to your eCommerce site; for example, if you decide to sell books- you will scan the ISBN of those books and they will show on your site, and all you need to do is to calculate shipping and how you will price them.
Use Flippa or eBay To Sell Your Website:
Once you are happy about your website setup and feel that is it ready to be sold to someone else, then you can list it for sale on Flippa.com. When you are selling your website, please keep in mind that you are selling it as a turn-key business for someone who wants to get in the business of what you’re selling, so when marketing it-your words should speak only to those you want to listen! Another good place to sell these kinds of websites is eBay.com.
You can list your websites there for sale and make sure the ‘list title and description’ is optimized and fully explains how everything will work and mention that this is a business opportunity for someone who wants to get into the retail business. In order to avoid less bids, you should start your bids at minimal prices (average site is about $400-$800), so if I were you, I would start with the minimum bid price at no less than $150 or $200!
To create a website like this, will not take you longer than 2 hours, it’s simple, but not as straight forward as it seems now. It won’t take 2 hours if you’re doing it for the first time, but once you are used to it you can do it in much less time. After, you have gotten used to creating and selling these sites and it takes you about 2 hours to complete the whole website setup and you sell the website for $800; no matter how you slice that up- you make an easy $400 an hour (could be more, depending on what you’re selling).
As you can see that making money with your eCommerce website is possible and actually quite easy to do once you’re used to it. Research more about this if you have to but below are a video where I got most of the information I am sharing here and hope you take action and make money with your website.