how I made $20M+ online so you can just copy me
Table of Contents
Step-by-Step Guide to Making Money Online through Drop Shipping:
1. Understand the Basics: a. Watch the video for proof of sales and insights into successful Drop Shipping stores. b. Identify key roles in the team: manager, supplier, customer service, product finder, and ad creator. c. Communicate with suppliers on Skype and use Discord for team communication.
2. Find Profitable Products: a. Look for problem-solving products that appeal to a wide audience. b. Ensure product quality and high perceived value. c. Price products at a minimum 3x price to cost ratio. d. Consider selling Evergreen products that can be marketed year-round.
3. Implement Add-Ons and Upsells: a. Offer add-ons like warranties to increase profits. b. Utilize upsells on the checkout page to maximize revenue. c. Use strategic pricing and product bundling to increase sales.
4. Set Up Your Online Store: a. Find a domain name on lindainsearch.com and purchase it on namechip.com. b. Use canva.com to create a logo for your store. c. Host your website on shop.com and set up essential pages like shipping information, refund policy, and terms of service. d. Integrate payment gateways like Stripe for seamless transactions.
5. Optimize Product Page for Conversions: a. Create a compelling product page with a simplified logo and exclusive feel. b. Use engaging product images and concise descriptions. c. Incorporate social proof like reviews and scarcity tactics to drive sales.
6. Implement Upsell and Downsell Strategies: a. Offer upsells at the checkout page to increase order value. b. Provide downsell options for customers who decline initial offers. c. Ensure a seamless checkout process with autocomplete features and free shipping incentives.
7. Marketing Strategies: a. Promote your products through Facebook and Instagram ads. b. Create engaging content or outsource content creation if needed. c. Utilize platforms like Fiverr or bow.app for ad creation and testing.
8. Fulfillment and Customer Support: a. Work with private suppliers for efficient order fulfillment. b. Provide excellent customer support through platforms like ZenDesk. c. Scale your customer support team as your business grows.
9. Continuous Improvement: a. Stay updated with industry trends and insights. b. Join newsletters or communities for ongoing support and learning opportunities.
By following these steps and implementing the strategies outlined in the video, you can start your Drop Shipping journey and work towards building a successful online business.