How to make money online for a broke individual is strictly for those who are completely broke. I will be sharing with you easy and quick ways you can make money online if you’re broke. When I say broke, I mean being as broke as f**K. Please pardon me for using that language (^_*).
First method of how to make money online as a broke individual
First method of how to make money online for a broke individual is by creating an online store with Shopify. Pick a name for your store; it is advisable to pick a name that is somewhat related to your niche. For example, if you’re going to be selling products that are lion-related, you can go for something like “the lion store.” That way, it will be very easy for your audience to convert.
Before you create an online store on Shopify, do a thorough research and pick a niche. It could be anything: cat, dog, lion, snake, etc. If you pick cat niche for example, that means everything you’re going to be selling on your store must be cat-related: T-shirt, hoody, necklace etc.
Now, go to eBay, Facebook, or Amazon and look for what is selling. Let’s say you picked a cat niche, you can search for something like “cat hoody.” Go through the results and find out which one is currently on high demand (selling). After finding a product that is selling, the next thing is to go to www.aliexpress.com and search for that same product. You’ll find out that the product is practically half of the price of the ones listed on Ebay, Amazon or Facebook.
List Your Products – How to make money online for a broke individual
Now, the next thing you need to do is to list the product on your shopify store. You can easily do this by using a plugin called Oberlo on shopify. What Oberlo does is that it automatically imports the product to your shopify store (pictures and details inclusive). You might want to make some changes and remove any brand attached to the pictures or details (if any) and also change the price to whichever amount you like.
After listing it on your shopify store, now head over to instagram. Search for pages that are related to your niche. For example, if your niche is cat, search for the word “cat,” or something like “cat lovers.” You will see tons of pages with thousands and millions of followers (all these followers in one way or the other love cat).
What we’re trying to do here is to target an audience (cat lovers) since our shop for example is based on cat niche, that way, it will be very easy for them to convert.
Now, go through the pages and select one with tons of thousands of followers. The next step is to send an email to the admin or DM him/her on instagram. Begin by appraising him/her. Something like… “Hey Jake, I’m a big fan of your page [the name] on instagram, and I’m proud of what you’re doing. It’s really a great job you’re doing there.” That is just an example, I hope you get the idea? Now go on by telling him/her that you would like to make a shoutout, let’s say you’re trying to sell T-shirt. Tell him you want to make a shout-out about a T-shirt you have on your Shopify store that is cat related. That you’re very sure that his audience would love it.
Bidding with instagram influencers – how to make money online for a broke individual
Now, some of these influencers will charge you money (let’s say $50), others might do it for free. You’ll send him/her the pictures, details and link of the product you’re trying to promote. When the shout-out is done, your product which is cat-related will be shown to tons of thousands of cat lovers. Imagine if you’re a cat lover, and you stumble on a T-shirt or hoody with a very nice design, with cat nicely embedded on it, won’t you be tempted to buy it? Of course you will…
Gradually, you’ll start getting visitors to your store, and before you know it you’ll start making sales, a lot of sales. This method can generate you thousands of dollars daily, weekly or monthly if properly done.
Now, whenever you make a sale, you’ll receive the money into your account that is synched with your Shopify store. What you’ll do is to copy the delivery address of the buyer and head over to Aliexpress and place order on that product, in the delivery address box, paste the customers address there. After sometime, you’ll receive a tracking code for that product, send it to that customer via email. That way, the product will be delivered to your buyer without you even touching it. And if the customer is too desperate, he’ll be able to track the product without bothering you.
Always use “ePacket” shipping method so that your customers will receive the product on time (1 week or at most 2 weeks). Using ePacket will attract small additional charge, which is not a big deal. In most cases, it’s just $4.
Let’s make a quick analysis
Now let’s say you pick a product of $10 on Aliexpress and sell each $35 on your shopify store. And you were able to generate 50 sales a day. $35 – $10 = $25 – $4 (for ePacket delivery service) = $21. Let’s say you’re able to generate 50 sales in a day, 50X21 = 1050. That is $1050 in a single day.
Like I said earlier, with this method you can rake in tons of thousands of dollars on a daily, weekly or monthly basis. Imagine if you’re running different stores on different niches, and generating a reasonable amount of sales from each store.
Apart from using instagram influencers, another cool way to generate unique traffic for your shopify store is through Facebook Ads. In fact, Facebook Ads is the best advertising platform out there for this kind of business. But to succeed with Facebook Ad platform, you need to take your time to study how it works in order to be able to create a good Ad that will yield positive effect.
Every business is all about targeting. You must have a particular audience you’re targeting, else, you’ll be like a hunter chasing an invisible deer. So, if you’re completely broke but would like to use this method, try to convince an instagram influencer in your niche to do a free shoutout for you. If they refuse, then look for active Facebook groups that are related to your niche and promote your product with them. You can also use reddit. After generating some sales (having made some money), then you can use instagram influencers and also, leverage the power of Facebook Ads.
Second method of how to make money online for a broke individual
In this method, we’re going to find a demand and a supplier on ebay. Go to www.ebay.com and type in the search engine, let’s say… a bunk bed. You’ll get a lot of results about bunk beds shown to you. Ebay will show you all the things that had been sold. Through the amount of products that had been sold by these merchants, you should be able to tell if this products is on high demand or not.
How do I find the supplier?
Simple. Now click on the product you wish to find the supplier, hover your cursor over the image and right-click the image. You will see options, such as in the image below. Select “search Google.” Now, Google will find everything with this same image or that is related to this image. Since the merchants or drop shippers on this marketplace always use the manufacturers’ images, it will be quite easy for us to find the supplier using Google.
As you can see, Walmart is selling this same bed for $129 and $149… but the merchants and drop shippers on Ebay are selling theirs $200 and above. For example, this guy is selling his $299.
The cool thing about eBay
One cool thing about eBay is that the traffic is free. Unlike when you’re running a personal online store, for example, using shopify platform – you have to hustle for traffic. You have to run some Facebook Ads or pay some Instagram influencers in order for you to get buyers to your store. But on eBay, reverse is the case. You don’t need to spend a dime for traffic because the traffic is already there. There are millions of people from around the world searching for different products every day on eBay. Just make sure that you pick the right product because traffic won’t be a problem.
The customers that bought these beds would have just gone to Walmart and buy them at lesser price, but based on research, most customers are lazy. So, what you have to do is to find out what they want, look for the supplier and list it for them to buy through you.
The bad side of eBay
One of the disadvantages of using eBay is that you don’t own your traffic, therefore, you cannot control it. Since eBay is an open market, anybody can participate – create an account and list products too. That means that the competition is high, but even with that, you’ll still be able to rake in $100 daily if you’re smart enough.
READ ALSO: LEARN THE EASY WAY TO MAKE $100 DAILY
Remember, this business is all about targeting. The reason why you’re picking a niche for your store in the first method is so that you will be able to target a particle audience. By targeting a particular audience, it will be very easy for them to convert. Let’s say I don’t like cat for example, and you try promoting a product that is cat related to me, do you think I’ll buy it? Hell no! So in order for people to buy your product, you need to look for people who actually need what you’re selling and place it before them.
This is the main reason why you need to pick a niche. And also the reason why you need to use Facebook Ads and instagram influencers to target your audience. Don’t go posting your product link on random websites, forums or social media platforms, else, you’ll be like that hunter chasing an invisible deer.
You can use the second method to make some money and then expand to method one later. Like I said earlier, using method one, you won’t need to worry about traffic, you’ll simply leverage the power of eBay. What you need to do is to make sure that you list very high demanding products.