Category: Systems & Processes

Ecommerce Success through Strategic Team Building

by Peter PruSystems & Processes / UncategorizedLeave a Comment on Ecommerce Success through Strategic Team Building

Operating an e-commerce business in today’s saturated and competitive digital landscape is no walk in the park. It’s not just about selling a product or a service, but a complex operation that requires an entrepreneur to juggle multiple roles. With so many tasks demanding your immediate attention, finding time to develop a strategic roadmap for scaling your e-commerce business can be daunting. However, the journey to the coveted six or seven-figure mark isn’t impossible. In this blog, we go over how to get Ecommerce Success through Strategic Team Building and grow your business overall.

Unraveling the Core Pillars of E-commerce Success

To grasp e-commerce success, we must first comprehend the key elements driving an e-commerce business’s profitability. These elements form the foundation of a thriving venture, including robust ad management, well-structured sales funnels, efficient back-end management, a strategic approach to influencer marketing, a strong social media presence, and a network of reliable virtual assistants. Let’s dissect these elements.

Mastering Ad Management

In the continuously evolving digital world, the realm of advertising has transformed. Understanding ever-changing advertising platforms for effective leverage is demanding, akin to a full-time job. First, understand that ad management, a major challenge, is often the initial task e-commerce entrepreneurs should outsource. By delegating ad management to experts, they’ll handle intricate details, create unique creatives, and enhance ad conversion.

Building Effective Sales Funnels

A thriving e-commerce business doesn’t exist without an efficient sales funnel. This critical aspect of your business strategy serves to capture leads, transforming them into customers, and eventually nurturing them into long-term patrons who repeatedly purchase your products or services. By optimizing your sales funnel, you can significantly enhance your average cart value and lifetime value, empowering you to invest more in ads and, in turn, expand your customer base.

The Magic of Back-end Management

Earning the trust and making a sale initiates a customer relationship, not merely ending their journey. With strategic email marketing, text message marketing, and back-end promotions for higher ticket products, you can entice these customers to deepen their relationship with your brand and increase their spending. Essentially, you create your own media platform where you can sell to these customers over and over again, without incurring any additional acquisition costs.

Unleashing the Power of Influencer Marketing

Influencer marketing has emerged as a formidable tool in the modern e-commerce arsenal. Particularly, micro-influencers, despite having a relatively small following, carry significant influence over their followers’ buying decisions. By forming strategic partnerships with these influencers, you can drive sales at a relatively low cost, sometimes for the simple price of free products or a discount code.

Maintaining an Active Social Media Presence

In this digital age, customers don’t just make impulse purchases. They’ll likely research your brand, checking if you’re active on popular social platforms like Facebook, YouTube, and Instagram, among others. A dormant social media presence can be a deal-breaker, affecting your brand’s credibility. When credibility takes a hit, potential customers may second-guess their decision to buy from you.

Tapping into Virtual Assistants

On a final note, the world of virtual assistance is a game-changer in managing e-commerce businesses. Virtual assistants can alleviate you from the mundane daily tasks of running your e-commerce business. This provides you with a precious resource – time – which you can spend focusing on growth-centric activities.

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Building Your Customized E-commerce Empire

Navigating the e-commerce landscape and mastering these six pillars can be daunting. The solution? Bring in an expert team to handle these tasks. Instead of hiring an agency that may be incentivized to spend more for more profit, consider bringing on board a team dedicated to your account, and no one else’s.

This personalized approach ensures that the team focuses on your unique needs, crafting a custom game plan that will suit where you are in your e-commerce journey and help you to achieve your goals. They will analyze your business, create a comprehensive plan and work with you to implement it effectively.

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Four Strategies for Successful Dropshipping

by Peter PruOne Product Dropshipping / Systems & ProcessesLeave a Comment on Four Strategies for Successful Dropshipping

In the world of ecommerce, dropshipping has become a popular business model. However, not everyone who ventures into it is successful. While some people may struggle to find a footing in the market, others seem to have discovered the secret to unlimited success. In this article, we will discuss four strategies that can help you achieve infinite success in your dropshipping business.

Understanding the Importance of Niche Stores vs. General Stores

Understanding the key differences between a general store and a niche store is essential for success in the world of e-commerce. While some business owners might be tempted to open a small general store to test the market, it’s crucial to remember that this strategy could result in dispersed efforts, squandered resources, and muddled brand identity. Instead, you have the chance to develop a personalized and captivating brand story that connects with your target audience by concentrating on a particular niche group of people. This specialized strategy can assist you in establishing your authority in your industry, enhancing your credibility, and ultimately attracting the ideal clientele. You may fine-tune your advertising and marketing techniques, build a solid and consistent brand image, and eventually stand out in a crowded e-commerce scene by focusing on a certain market.

The Distinction Between Stores and Funnels: A Change in Dropshippers’ Perspective

Secondly, it’s crucial to understand when and where to use a store versus a funnel. While a store can be a great platform to showcase your products, a funnel is a powerful tool for converting leads into loyal customers. With a funnel, you can target specific audiences with tailored messages and offers, creating a personalized customer journey that leads to higher conversions and more sales. Unlike a store, a funnel is designed to guide customers through the buying process, using strategic upsells and downsells to maximize revenue. By understanding the power of a funnel and its ability to turn cold traffic into repeat buyers, you can create a reliable and sustainable source of income for your business.

Boosting Sales with Monthly Subscriptions

Thirdly, adding monthly subscriptions can be a highly profitable tactic that not only boosts your revenue but also cultivates a network of devoted customers. Your consumers will have a predictable and consistent experience when using a subscription-based service or product from you, which will make it simpler for them to plan and budget their expenditures. Additionally, this strategy gives you a chance to build a stronger relationship with your clients because they will receive regular updates, special content, and tailored offers. This encourages customer retention and fosters a sense of community around your business. You may concentrate on creating new goods and enhancing current ones with the regular income from subscription plans, ultimately resulting in increased business growth. Offering monthly subscriptions is a smart and customer-focused strategy for growing your business in a world where clients demand ease and value.

The Power of Automation for E-commerce Success

Lastly, automation is a critical element in a dropshipping business, and it’s more than just a convenience. Automation can help you save time and money, and it can streamline your business operations. When you automate your sales process, you can focus on other aspects of your business while your automated system works to drive sales. You can set up automated email campaigns that engage customers, send promotions, and recommend other products that match their interests. You can also automate your social media and advertising campaigns, allowing you to scale up your business operations without needing to hire additional staff. With automation, you can create a seamless and personalized customer experience that increases customer loyalty and encourages repeat business.

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Let Ecommerce Empire Builders Launch Your Business

Starting an e-commerce business can be time-consuming and challenging, but we don’t want you to do it alone. If you have the financial resources but lack the time to invest in building your business, we, the Ecommerce Empire Builders team, can help.

With over 20 years of combined online business experience and millions of sales generated, we have the expertise and knowledge to help you succeed in the world of e-commerce. We will personally build your new business, ensuring that it’s tailored to your unique needs and goals. We’ll handle everything from product research to supplier selection and store setup, allowing you to focus on other aspects of your life while your business takes shape.

Not only will we build and launch your e-commerce business, but we’ll also teach you the foundational strategies necessary for long-term success. Our objective is to arm you with the abilities and information required to run and expand your e-commerce business on your own.

You don’t have to saunter around the e-commerce world by yourself. Without expending all of your time and effort, you can start a successful business with our assistance. By utilizing our knowledge and experience, you’ll have access to a professionally constructed online business and discover insightful tactics for long-term success. Apply right away to start building your online retail business.

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ClickFunnels 2.0 Released — And There’s Just Not Much There

by Peter PruClickFunnels Training / Systems & ProcessesLeave a Comment on ClickFunnels 2.0 Released — And There’s Just Not Much There

 We know our Empire Builders have been eager to see what’s in store for ClickFunnels 2.0, and we’re here with an overview. Unfortunately, there’s not much to see, as not a lot has changed. Despite pressure from users, ClickFunnels did not lower their pricing — which, as of December 2022, stands at:

  • Basic: $147/mo
  • Pro: $197/mo
  • Funnel Hacker: $297/mo

What’s New in ClickFunnels 2.0?

With the exact same prices that were already pain points for most users, how does the new ClickFunnels release stack up in terms of features and usability? We’ll start with a breakdown of the ClickFunnels 2.0 membership tiers.

Basic Plan

The basic membership gives you one website with 20 funnels, one admin user, and one domain. It also comes with three “courses” (which are not ClickFunnels training resources but are instead courses for the user to host on the platform). These courses only come with 1,000 students — only enough for low-ticket items, like free promotional courses.

You also get only 10,000 contacts and “basic analytics.” The latter is a huge disappointment. The following features, at least, are unlimited:

  • Workflows
  • Pages
  • Products
  • Email sequences

All in all, it doesn’t make much sense for approximately $150 a month.

Pro Plan

Peter Pru discussing plan options for ClickFunnels 2.0

The ClickFunnels Pro plan still only gives you a single website. Funnels jump to 100, and you’re allotted five admin users, three domains, 15 courses, and 10,000 students. Contacts remain quite limited at only 20,000, and you get the same four unlimited features as in the Basic membership. The analytics for the Pro plan are also exactly the same as you get with the Basic membership!

If you wanted to help people be successful on your platform, wouldn’t you want them to have the best analytical tools? In our opinion, all ClickFunnels users need to be able to look at their funnel stats to improve decision-making and know how to tweak their funnels. Instead, good analytics are being used as a selling point.

Users should have the best analytics as they grow, which would help them learn new sales funnel strategies and ascend more naturally. You’d think ClickFunnels would want that because then their users will increasingly need more websites and funnels as their talent improves. Instead, users only get high-quality analytics after they’ve probably already mastered the skills analytics would have helped them learn faster. Holding out on high-quality analytics seems like it only hinders users’ success and growth.

New features on the Pro accounts include:

  • Affiliate program
  • API access
  • ShareFunnels (previously only in the top-tier plan)
  • Liquid theme editor
  • CF1 Maintenance Mode plan

ShareFunnels

Moving ShareFunnels down a plan is a welcome change and created a bit of a buzz — but it’s not a strong selling point. While I’ve been one of the biggest supporters of ClickFunnels and one of their top affiliates for a while, I’ve also been hoping they would make some of these “top-tier” features more accessible at the lower levels. That’s where they would actually do some major good for users.

ShareFunnels drove every single affiliate sale of mine. But now, ClickFunnels is milking a little more money from their affiliates. The affiliates are being screwed over a bit because ClickFunnels knows the ShareFunnels link is the most powerful affiliate-generating feature.

Once you’ve built a beautiful funnel you’re proud of, you’ll naturally want to share it with others and use it to earn affiliate commissions. Well, that’s a privilege that requires being on the $200/month plan. Like the analytics, ShareFunnels should be all the way down on the Basic plan — which, for what it is, shouldn’t even be $150.

Hard Decisions for New Business Owners

You’d probably be better off just using sales funnels on Shopify and bundling Zipify instead. The main thing is that these are brand-new business owners, just starting an online business, and $150 is a lot for basic features. When their operations start picking up after a month or two, they’ll be locked in and require an upgrade. It’s just like Shopify, where it’s, “Start your own business! For just $30, you can change your whole life!!”

No, it’s not, and you won’t. You won’t even be able to build a functional website for that, and there are easier ways to make money without a website. These kinds of arrangements attract people who don’t know what they’re getting into yet. They don’t realize how much actually goes into running their store, how many apps they’ll need, etc. Then, it starts piling up as they become inundated with add-ons and apps (and bills) they didn’t know they required until it’s too late.

It’s the same thing with ClickFunnels. You’ll need at least the $197 or $297 plan, and it’s most likely the latter because you need the analytics; looking at your stats to make better-informed decisions is the most important part of eCommerce. Shopify also becomes way more expensive once you’re already involved, at which point you’ll need tons of other apps to build a functioning, profitable website.

It just seems crazy to keep such fundamental things out of reach while using basic, fundamental features as selling points.

Funnel Hacker Plan

For $300, ClickFunnels gives you three websites and unlimited funnels. You also get 15 admin users (why are admin users included in offer stacks, anyway?), nine domains (which seems random), and marginal increases elsewhere. While you do get 200 courses, that only come with a capacity of 20,000 students — which is absolutely nothing. People just coming into this don’t realize 20,000 students is hardly anything, especially when using a funnel to sell higher-priced items.

Finally, they give you their advanced analytics. The Funnel Hacker plan also comes with the same Pro account features listed above, and…. that’s it! That’s all they’re going with.

Out of all my connections in this community, the people I’ve seen promoting this are only pushing their affiliate links. I don’t think they’re actually using ClickFunnels 2.0, but who knows?

Lastly, you get a bit of a discount if you make an annual payment.

Community Feedback

Peter Pru discussing the recent release of ClickFunnels 2.0 and analyzing the value

There were some insightful comments about ClickFunnels 2.0, including speculation that ClickFunnels is trying to increase valuation and sell to private equity. We thought that at first, too. But now, I think they just want fewer customers at a higher price point. But I don’t see why people would get into ClickFunnels right now.

Besides the whole “culture” behind it, there really isn’t a reason to join ClickFunnels 2.0 — and if ClickFunnels took their product to Silicon Valley investors, they would absolutely be laughed at. It’s just not good compared to Shopify or almost any other online sales platform. They spend so much time selling courses, coaching, “masterminds,” and all this other stuff… Why don’t they just spend that time building better software?

That said, I’m still a huge supporter of ClickFunnels 1.0. Many people have been using ClickFunnels 1.0 and will keep using it. I’ll probably never cancel my ClickFunnels account because it has so many memories for me, and we’ve created tons of ClickFunnels training and templates (including a template specific to high-ticket products). I think a lot of people are going to stay on ClickFunnels 1.0 rather than upgrade.

With software such a commodity now, you have to compete on price, and people are still very upset about ClickFunnels 2.0 prices. It feels like they’re doing nothing in the interest of helping newcomers sell more easily, especially with so many new online sellers just starting out.

Naturally, people are asking what better alternatives exist. Personally, we like StoreFunnels.net. For $69/month, you can build stores and funnels. Also, they support email marketing fully in-platform. We get a lot of support from Store Funnels users.

Final Thoughts on ClickFunnels 2.0

New dropshipper trying to decide if ClickFunnels 2.0 is worth the price

Unfortunately, there’s just not much to say about ClickFunnels 2.0. Having seen great things from them in the past, we wish there was much more to look forward to, but that’s our assessment. We want to know what you think about ClickFunnels 2.0. Are you sticking with ClickFunnels 1.0, or are you going to use the new version? Reply down below, and let us know your thoughts, as well as opinions about any alternative funnel platforms.

This is an open forum for us to have good discussions that support each other and improve our online selling strategies. Be sure to check out our exclusive funnel-building webinar, which you can access today, and you’ll also receive our free $100,000/month funnel template. You can also check out our YouTube channel for more tips. We’ll see you soon with more sales funnel and online wealth-creation tips — and until next time, remember: your empire starts now!

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How the Subscription Box Model Can Deliver HUGE Profits in 2023

by Peter PruSystems & ProcessesLeave a Comment on How the Subscription Box Model Can Deliver HUGE Profits in 2023

Empire builders, we live in the most amazing time ever! Literally anyone can start an online business from scratch without having to invest thousands and thousands of dollars. What’s even more amazing is that there are no limits to how far you can take your eCommerce business, especially with the right strategies—like the subscription box model. 

If you’re looking for an absolute game changer to boost your business’s profits overnight, it’s all about one thing: subscriptions, subscriptions, subscriptions! I’ve been saying it for a long time, and I’m still going to be banging on this drum, especially with subscription box services becoming more popular than ever. Let’s explore how subscriptions can deliver phenomenal returns and help you build your empire. 

How the Subscription Box Model Makes Dropshipping Much More Profitable 

Imagine if you could keep your customers coming back again and again—and even be able to predict how much they’re going to spend. That’s the reality you can enjoy by using the subscription business model; it’s one of the most amazing options for running a dropshipping business. 

Instead of making just one individual sale, each purchased subscription is equal to recurring payments. This string of recurring purchases can last for six to eight months or even longer! That’s unprecedented customer loyalty. It’s also a steady income you can use to reinvest in your business or pay yourself a salary. Sounds pretty good, doesn’t it?

If you’re not familiar with subscription box services, here are the basics:

  • The customer subscribes to a recurring delivery of physical products, usually monthly.
  • The products are typically a curated collection within a specific niche, like cat toys, wellness supplements, snacks, books, beauty products… The sky’s the limit!
  • As a dropshipper, you don’t have to worry about the logistics at all. Simply choose the products, direct your supplier to prepare the boxes, and deliver them directly to the consumer. 

Choosing the Right Products for a Successful Subscription Service 

If you want to make the most of this fantastic business model, it’s essential to understand what customers are looking for in a subscription box. Most people will subscribe to these kinds of services for an average of around six to eight months, which will provide your business with an excellent chunk of change. 

But, guess what? They’re not going to stick around for that long if they’re disappointed in the products. So what are they looking for? Customers sign up for a subscription box because they want:

  • Convenience: Instead of ordering multiple products from multiple places, they can get a great variety in one box.
  • Well-curated products: They want to be surprised and delighted by high-quality products that were handpicked just for them.
  • Value: Everybody loves a bargain, so this is definitely one of the main perks of signing up for a subscription service.
  • Unboxing experience: Getting a new subscription box in the mail is just like Christmas! Or at least, that’s how it should feel, with aesthetic packaging that’s actually fun to open. 

The Right Niche Is the Solution

So, how do you make sure you can tick off all these boxes? It begins by choosing the right niche. Remember that dropshipping is all about building each of your businesses around a popular niche with eager consumers. You can’t please everybody, and it’s a mistake to even try. 

Instead, choose a specialty that you’re actually interested in, research it as well as possible, and hone in on those winning products that will really sell, whether it’s fishing gear, scented candles, or gaming accessories. That’s how you provide value and build a loyal client base of subscribers coming back for more. 

One of the best resources to help you get some ideas for your subscription service is the website MySubscriptionAddiction, which reviews every single box available out there. Do a search for the niche categories you’re interested in to get a concrete idea of the products already being offered to real consumers. 

How to Partner With the Right Suppliers for Your Subscription Box 

Screen grab of Peter Pru explaining how to find the right supplier for the subscription box model

Dropshippers are always looking for a supplier with a wide range of products. But this factor becomes EXTRA important when you’re taking advantage of the subscription box business model. You need to be able to provide customers with at least six to eight months of unique, interesting products within their niche. That means your supplier should have a large product suite with plenty of options you can mix and match to formulate your boxes. 

You guys know I already have a ton of information covering every single aspect of working with suppliers, including how to vet them to find the most trustworthy partner for your business. I love to show you, my students, exactly how to navigate these suppliers, especially which ones to work with and which ones not to. 

Some of the most important factors are:

Size of Your Business

If you’re just starting out, you can find great suppliers on AliExpress or CJDropshipping. These are designed for smaller operations. Once you’re ready to level up your business, Alibaba will fulfill those 2,000+ monthly subscription orders.

Variety and Niche

If you’re in the pet niche, make sure the supplier has every possible kind of specialty pet product available! This is what allows you to keep your boxes fresh throughout the whole cycle of the customer’s subscription.

Vetting

Has the supplier been in business for at least two years (or preferably longer)? What is the vendor’s response rate within 24 hours? If it’s 95% or more, you can feel confident doing business with someone you can communicate with. 

Is the supplier the actual manufacturer of these products or just a trading company that’s essentially a reseller? For the best prices, you generally want to work directly with a manufacturer. The supplier’s reviews and trade assurance or trust badge will also be key for helping you find the right partner.

Services Offered

Remember that customers for subscription boxes expect an enjoyable unboxing experience. Many suppliers will work with you to provide the customer with just that. You can use resources like Lumi to create your own beautiful custom packaging and a nice insert card with your branding, which the supplier can use to assemble your boxes.

Making Your Subscription Service Popular and Profitable Long-Term

Shopper unboxing his newest subscription box

Are you ready to launch a subscription box that customers love and that generates major income? Here is one final tip that’s absolutely CRUCIAL for implementing a subscription box model. In fact, it can make the difference between just average performance and getting really phenomenal returns with the subscription box model. And it’s this: find the sweet spot for pricing. 

If you’re charging the customer $29.99 a month, you don’t want to spend more than $15 on the products plus the shipping costs. You want a nice, high profit margin of 50% or more to make the most of the subscription box model. At the same time, your customer is looking for value when they sign up for a subscription box service. If they can go to the store and buy all the products for the same price, they won’t stay loyal to your service. 

That means you have to focus on finding the right product, the right supplier, and the right price to hit that sweet spot for both yourself and the customer. You can also offer them discounts for paying in advance for three to six months, which is a great way to lock in those profits. 

Consult With the Pros

Screen grab of Peter Pru discussing how to find ideas for subscription boxes

When it comes to making the most of dropshipping with the subscription box model, this is just the tip of the iceberg. There’s so much more to learn if you want to create a profitable online business and launch your empire. Dive right in by signing up for my free webinar. Also, check out the Ecommerce Empire Builders YouTube channel for more insights.

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How to Start a Profitable TikTok Dropshipping Business With $100 or Less

by Peter PruSystems & ProcessesLeave a Comment on How to Start a Profitable TikTok Dropshipping Business With $100 or Less

A TikTok dropshipping business has the potential to earn you a full-time income. Dropshipping is a very lucrative online business venture when done right, and when you source buyers from the TikTok platform, the results are explosive. TikTok is not saturated, and organic content can generate massive traffic to your eCommerce store. Compare that to Facebook or Instagram, where organic reach is limited, and ads are not converting as they used to. 

The cost of generating content is low, meaning you do not require huge cash to start or grow your dropshipping business on this platform. If you are low on capital and are willing to put in the work, you can set up and run your TikTok dropshipping business for less than $100. 

The following steps will lead you to a profitable TikTok dropshipping business. 

1. Optimize Your Store 

The first thing you have to do is optimize your store for maximum sales. Make buying easy, and the product page should convert visitors easily. It is easy to start seeing results when you combine your shop with the TikTok platform. 

If you have over 1,000 followers on your TikTok account, you can have a link to your store in the bio section. Those with less than 1,000 followers can set up the link in their Instagram accounts. 

2. Choose a Great Product 

You will not make many sales if your product is not in high demand. So, product research is a necessary step before you settle on a dropshipping product. The following points will help you choose a great product to sell through your TikTok dropshipping business. 

Ensure the Product Has a Wow Factor 

The attention span of most linked users is low, hence the popularity of short videos. Having the product with a wow factor ensures your videos can capture attention, even if they are three seconds. Such products are also easy to market, making your work easier. 

It Must Be Unique on TikTok (While Still Having a High Demand)

If your chosen product is exclusive, even better. A quick search on Amazon should help determine if there is demand for your product. Check the positive ratings; if there are a lot, they are worth selling. But, before settling on it, check if you can get it for a reasonable price, leaving room for a good margin. 

Also, if the product is available on Amazon Prime, the competition may be a bit higher. The reason is they offer products at a much lower price and shipping time is shorter. 

3. Pick Suitable Video Content and Formats 

Screen grab of Ali showing the TikTok creator interface

Although running ads is an option, to do this with the least amount of money, go for organic content. In fact, on the TikTok ads manager, they have a helpful tip: don’t make ads, make TikToks. Since the platform is not yet saturated, the organic reach is excellent. 

Avoid content that looks like ads or that has still images and GIFs. Instead, go for short videos between 8 and 15 seconds, which is ideal for the platform. 

The idea of running contests is currently popular on the platform right now. Giving giveaways to the user who views a certain number of times and also comments is one way to generate engagement on your video. The strategy has given some videos in a certain campaign over 51k likes and another over 10.4 million likes. 

Even people not interested in the prize will engage with your video. You will likely get people asking about your product and where they can find it. 

4. Create Suitable Videos 

You can use content from various suppliers’ websites to make your videos. But the best idea is to get the product and use it to make your own videos. The type of video that does best on TikTok is the raw and organic kind. Don’t spend a lot on making high-quality videos for the platform. A video shot on your phone will perform much better. 

User-generated content is king when it comes to online marketing. You can include the following types of content: 

  • Testimonials 
  • Reviews 
  • Unboxing 
  • Product in use 
  • Creative such as silly/crazy scenarios 

If you want your video to go viral, have a catchy or even weird hook to get users’ attention. Videos of the product in use and creative giveaways seem to be attracting more attention. Include a different mix of content in your account for better reach. 

5. Engage With Your Followers 

Shoppers enjoying content from a TikTok dropshipping business

The more you engage with fans on this platform, the more the algorithm shows users your content. Engage with those commenting on your posts by answering questions and appreciating those who like your posts. The more people view your content, the higher your chances of converting for more revenue. 

If your account is new, engage with other niche accounts to show the algorithm you are active on the platform. 

6. Present the Prize to the Winners 

Some of the accounts running contests are unethical and don’t award prizes to the winners. But honoring your word and giving out the giveaway is an opportunity to promote your product. 

You can ask the winners to do a post using the product. Pin this on your TikTok page for extra credibility and also as a testimonial. 

7. Seek Professional Help 

Ali discussing how to get the best results for a TikTok dropshipping business

If you are not good at creating videos to promote your products, you can collaborate with other creators to help you make them. But the best option in such a case is to seek professional help for your TikTok dropshipping business. Ensure the person or company understands how the platform works, as it differs from the more common YouTube strategies. 

Alternatively, get professionals to build your dropshipping store, including making videos. This way, you shorten the learning curve and avoid pitfalls when guided by experienced people. 

On the TikTok platform, it is possible to earn thousands of dollars without spending a lot on ads. It has not grown to the size of Facebook, Instagram, or YouTube, so it is not (yet) saturated. Follow the steps above, and you will see returns from your dropshipping business in no time. 

If you are ready to start and grow an ultra-profitable dropshipping business without building a website, spending on Ads, or prior experience, sign up for our free webinar. You can also find helpful marketing tips for different platforms on our YouTube channel for more insights.

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Faster Shipping and Higher Revenue With an AliExpress Alternative: How Beginners Are Making $1000 on Day 1

by Peter PruSystems & ProcessesLeave a Comment on Faster Shipping and Higher Revenue With an AliExpress Alternative: How Beginners Are Making $1000 on Day 1

While it may seem challenging and potentially costly, there are ways to make as much as $1,000 or more by getting one- to two-day shipping for new eCommerce businesses while using an AliExpress alternative. Let’s dive into how you can profit from one- or two-day shipping when launching your dropshipping business.

Turn to Amazon to Win With This Strategy

Hear us out here. Yes, we know that Amazon isn’t the most sustainable platform to rely on alone, but it is one of the keys to getting the ideal shipment setup for your business if you want to expedite shipping for your customer. The right strategy can help you get the best results when using Amazon as part of your approach.

To summarize, our expert went through the following steps:

  1. Received an order from a customer
  2. Went into his Amazon account
  3. Paid for the product and entered the customer’s details
  4. Marked the item as a gift 
  5. Shipped it to the customer within two days

We’ve found a couple of ways to implement this strategy successfully, so let’s get started on this AliExpress alternative.

1. Saturated Products

Screenshot of finding products in a saturated market

One of the products our expert managed to make $1,000 per week with was a saturated product—specifically, a product in the resistance bands niche. 

Today, resistance bands are among the most popular workout products out there. They help with strength-gaining exercises and are very easy to find at an affordable price, particularly on Amazon.

Seek Products With Ample Suppliers and Varied Pricing

When looking for the right product to target, whether it’s in fitness or another niche, the key is to find one with many suppliers offering the product at a wide range of prices. For instance, just looking again at resistance bands, there is such a wide variety of sets and suppliers at prices ranging anywhere from around $10 to $30.

When a customer orders one of these products, you would purchase it from Amazon through your account at a lower price and sell it at a higher one. Going back to resistance bands as an example, you might buy a set of resistance bands at the base price of $10 and sell it for closer to $30.

Increase the Value of Your Customer’s Order

Now, this isn’t simply about price markups; you want to add more value to your customer’s order than what they would get from Amazon without spending more on your end. In our case, we grouped the original product we ordered with about six to seven other niche-relevant digital products. These products included everything from workout guides and meal plans to complete glossaries for almost every workout you could do.

In other words, we sold a complete workout program in addition to resistance bands. We transformed a relatively mundane Amazon product that anyone could buy on that platform into a high-end bundle. That makes the markup worth the purchase. In the process, we were able to ship from the same supplier.

Don’t Worry About Customers Receiving Amazon-Labeled Packaging

One concern you might have with this AliExpress alternative is what customers might think if they receive an Amazon package instead of a package with your branding. 

Based on our experience shipping thousands of products through Amazon, we have received zero customer complaints regarding their packaging. But if anyone asks or complains, you can simply explain that Amazon helped get your products to them faster.

This particular model is ideal because it allows for faster product shipping, which is ultimately what customers care about the most. You can also satisfy customers with high-quality digital products that help put you above Amazon.

Our expert not only made his customers happy with their orders with this strategy, but he also managed to get 60 influencers to work with him to grow his brand faster.

2. High-Ticket Products

Screenshot of using Amazon to find products

The second strategy you can use is to go after certain high-ticket products, which entails the following steps:

Find Multiple Manufacturers of a High-Price Product in Your Niche

To start with, we took a look at some high-ticket products in the fitness niche. Using a portable pilates wheel as a launching pad, we looked for other brands offering the same type of product at relatively high prices. 

We were able to find multiple pilates wheel systems from multiple manufacturers at various prices. Then we identified certain quality differences between them. What you want to do is meet the quality of the product sold at the higher price, which will allow you to sell it at the same price.

Look for a Less Expensive Item That You Can Transform into a High-Ticket Product

Once you’ve found that high-ticket item, look for another essentially identical product from another manufacturer that’s going for a slightly lower price. In our case, our high-ticket pilates wheel sold at around $89. The one we planned to sell was priced at $59.99. If we increase the value of the latter product, we can sell it at the former’s price.

The way we would increase the value of the cheaper pilates wheel would be to use the same strategy as we used with saturated products; sell it with a combination of valuable digital items. These products may include pilates workout guides, other similar fitness booklets, ebooks, and more.

This strategy also helps you ship products faster while maximizing dropshipping profits.

How to Create Profitable Digital Products That You Can Repurpose and Resell

Dropshipper using Amazon as an AliExpress alternative

Are you curious about how to get a hold of those digital products you need to boost your products’ value? There’s a simple strategy we’ve used that can help you create an endless inventory of niche-specific items.

Consider the pilates wheel—let’s say you want to create a workout guide. Here, you can find some popular YouTube video guides for pilates workouts. You can then hire someone on a site like Fiverr to convert these videos into text and image guides. You’ll then have your own digital products that you can rebrand and include with your pilates wheel product. This justifies your price markups.

Be Cautious With These Strategies and Transition Away From Amazon as an AliExpress Alternative

While both of these strategies we discussed can help you get orders to customers faster and boost revenue, it’s worth reiterating that Amazon dropshipping isn’t the most sustainable model. 

For one, Amazon could become suspicious of your account if it appears you’re taking advantage of its lower pricing and placing many orders of the same or similar products. Also, customers may become more familiar with the products you’re bundling with your digital content and the brands behind them. That takes the attention away from your own brand.

At some point, you’re better off transitioning away from Amazon as your AliExpress alternative; when you can, switch to an American warehouse where you can fulfill your orders and promote your brand. This is precisely what we did with one of our seven-figure dropshippers who started with Amazon before establishing his brand’s proof of concept and turning to us. 

Want to discover other ways to build a successful dropshipping business beyond this AliExpress alternative? Get started by reserving a seat at our free eCommerce masterclass with Peter Pru today.

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Triple Your Profits With These Simple eCommerce Hacks

by Peter PruSystems & ProcessesLeave a Comment on Triple Your Profits With These Simple eCommerce Hacks

Welcome back, Empire Builders! If you have a Shopify or sales funnel dropshipping store, but you’re struggling to make it profitable, then you’re in luck. That’s the topic we’ll be covering today. I asked my Lead Client Success Manager, Steve, to share some insights with you guys, and he was kind enough to agree to share these simple eCommerce hacks.

He made a video taking you behind the scenes, not only to show you why so many businesses are struggling to make a profit but, more importantly, how you can overcome these issues. This article will cover some highlights of his presentation, but make sure to watch the video to get the full scoop. Let’s jump right in!

The 3 Keys to Increased Profitability

It’s important to evaluate your core business practices to make your dropshipping business more profitable. To do this, there are three key points we’re going to cover:

  1. Understanding Your Gross Margin
  2. Knowing Your Key Performance Indicators (KPIs)
  3. Funnel and Ad Optimization

Let’s dig into each of them individually and talk about simple eCommerce hacks to become more profitable.

1. Understanding Your Gross Margin

Dropshipper analyzing spreadsheets to find his gross profit margins

Basically, your gross margin is just the revenue from your total sales minus your cost of goods sold (COGS). For example, if you make $30 selling a product that costs you $7.50, your gross margin would be $22.50. From that, you can calculate your gross margin percentage.

Your gross margin percentage describes the percentage of your revenue that’s made up only of profit. To calculate that, you just divide your gross margin, $22.50, by the sales revenue, $30, which gives you 0.75 or 75%. The higher your gross margin is, the more profit you’re making. Higher profits make your business more competitive.

It’s important not to mix up your gross margin and your net margin. Remember, your gross margin is just revenue minus cost. It doesn’t account for other business expenses like payroll or ads. Those things would factor into your net margin, which we won’t be covering today.

2. Knowing Your Key Performance Indicators (KPIs)

Key performance indicators (KPIs) are important metrics for understanding how your business is doing. One of the most vital eCommerce KPIs is how much you can afford to pay to acquire a customer, like the amount you could afford to spend on Facebook ads to get a sale, for example.

The reason this is so important is that whoever can afford to spend more on customer acquisition will win more auctions, get more views, and ultimately, make more sales. So, the more you can afford to raise your customer acquisition cost, the faster you can scale your business.

To calculate this, subtract your average COGS from your average order value (AOV). This will be a pretty accurate measure of the upfront ad costs you can afford to acquire a customer. Your AOV only includes the average value of initial orders, not including subscriptions or other subsequent purchases. Further down the line as your business grows, you’ll calculate your customer lifetime value (LTV) which will include those things.

3. Funnel and Ad Optimization

Screen grab of Steve discussing ways to assess ad creative

Optimizing your ads is also a critical factor if you’re going to make your dropshipping business more profitable. To do this, you’ll want to start by testing the creative of your Facebook ads. There are different types of creative, including things like showing products in use, user-generated content, and product reviews.

The next important thing to test is the first three seconds of the ad. If you don’t hook the customer in those first few seconds, they’ll likely just keep scrolling. That’s how long you have to get their attention to have any chance at a sale. Keep testing until you find a hook that works.

After that, test out your images or thumbnails. How well the images work will depend on the product and the audience. Some products can do really well with just static images. Other product ads will need a video to really work, though, so test different images, videos, and thumbnails to find out.

The following thing you should optimize is your sales angle. How you style your offer is important and will change how effective the ad is. Common tactics include discounts, BOGO sales, and free shipping. Test them all thoroughly to make sure you’re getting the best results.

Finally, test the audiences for the ads. I recommend testing 20-30. Once your ads are optimized, you’ll also want to optimize your funnel. There are two main things to test here. First, test your hero image. I prefer a lifestyle image of the product in use. Then, test out different headline types.  

Get Started Incorporating These Simple eCommerce Hacks

Screen grab of Steve discussing funnel optimization

Assessing these things is important because you have to stay on top of how the business is doing. When dropshipping businesses don’t know their gross margin or the customer acquisition cost they can afford, there’s no way to know if they’re making money or spending the right amount. Some businesses don’t check these consistently and suddenly realize they’re losing a lot of money. If you can keep up with them, it’s a very profitable habit.

Once you know what you can afford to spend on ads, you have to optimize them. There’s no use spending money on ads that don’t work. The same goes for your funnel. If you’re creating effective ads that get clicks, the money is still wasted if they leave as soon as they hit your funnel landing page. But if you keep on top of these profitability keys and ensure everything’s working together, you’ll get the most out of your business and start increasing profits.  

If you follow Steve’s simple eCommerce hacks, it should really help you make your business more profitable. I hope you enjoyed this article and get a lot out of it. If you’d like to take the next step down the road to making your business a success, check out my FREE webinar to learn about how I started making a full-time income online without needing to build a website or touch a product! Also, subscribe to my YouTube channel for even more simple eCommerce hacks and insights.

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How to Set Up YouTube Ads for Your Dropshipping Business

by Peter PruSystems & ProcessesLeave a Comment on How to Set Up YouTube Ads for Your Dropshipping Business

If you’re thinking of launching a dropshipping business, congratulations! It’s a venture with a great opportunity to be profitable with minimal time investment. There’s a catch, though: you’re only successful as your ability to create awareness of your product. It’s critical to promote yourself to make your buyers aware of what you’re selling. One of the best ways to do this is knowing how to set up YouTube ads. 

If you’ve never set up ads using Google or YouTube before, it may seem like an intimidating process. Luckily, we’ve done it plenty of times, and we’ve created a quick guide to help you get started. There are some basic best practices you can follow to easily set up your account. This step-by-step guide will show you how to use YouTube ads to launch your dropshipping store.

Of course, if you’re interested in our team having us manage your ads, check out our “done for you” ad services. Let’s start with the basics of how to set up YouTube ads.  

Step 1: Create Your Google Ads Account 

Google owns YouTube, so you’ll need to go through ads.google.com to set up a Google Ads account. 

Google Ads does a good job of walking you through this process on the site. If you follow their basic steps, giving them the information they require, it should only take you a few minutes. 

You’ll need three things upfront: 

  • A Google AdWords account
  • A YouTube channel
  • A YouTube analytics account

These will give you a place to put your ads, as well as a way to measure the success of those ads. From there, you can upload the video to your YouTube channel. 

If you go to your Google Ads account, go to Tools > Linked accounts, where you can link your YouTube Channel to AdWords and Analytics. 

Step 2: Set Up Conversion Tracking for Your Website 

Screen grab of how to manage YouTube ads

If you’ve ever run Facebook ads, setting up conversion tracking via Google or YouTube is similar to using Facebook Pixel. 

Why do you want conversion enabled? So Google and YouTube can gather information on your customers and their activity while watching your ads. 

When you know what ads work (and which ones don’t), you’ll know what part of your approach is leading your prospects to convert into customers. 

You can go to Tools and Settings > Measurements > Conversions. Google will walk you through how to monitor your conversions, providing the steps for you. 

Step 3: Create Your Campaign 

If you’re running Facebook ads already, you’ll likely already understand what goes into a campaign. YouTube ads differ slightly, but they have the same objective: sales. 

Here’s what you need at this stage of how to set up YouTube ads: 

  • Skippable in-stream ads.
  • Your budget. At this stage, you’ll select what budget you’re starting out with. We typically start with anywhere from $30-$50 per day, but it depends on your business’s resources and goals.
  • You’ll also want to set your bid strategy to “maximize conversions.” 

Choose the location where you want your ads to play. You can play it domestically, internationally, or a combination of the two. You should have a good idea of what areas you’re looking to target with these ads, which is why this function YouTube offers is invaluable. 

Once you’ve selected your location and budget, you’ll have to confirm all your selections. To conclude this step, you’ll enter your website destination link where you want to send potential buyers, including a description with the URL. This will make sure all of your potential customers are pointed in the right digital direction. 

Step 4: Targeting Options

Here, you’ll choose different ad groups to run within one campaign. You’ll want to create three distinctive ad groups. In this order, focus on targeting specific:

  • Keywords
  • Topics
  • Interests

For keywords, Google will generate a set of keywords when you enter the website name. They’ll make suggestions that may be the best ones to use, leading to the most conversions. Google is really good at this, so you’d be well-advised to listen to and use their recommendations.

For topics, you’ll have to make estimated guesses, selecting topics you think will likely lead to sales. You can target specific niches. For example, if you sell skincare products, you’d choose the “beauty or fitness” topic group. 

For interests, target audiences with interests and hobbies that best align with your product.

Step 5: Analytics and Scaling

Online business owner editing and setting up YouTube ads

Finally, the fifth step deals with using analytics to monitor your ad’s progress. Use your analytics dashboard to determine which ads are working the best. 

Remember those ad groups you set up? Look out for the ones giving you the best results. What approach did you use in successful ads? What about the unsuccessful ones?

Whatever your analytics reveal is working for you, scale those ads up to do more of that while cutting back on the strategies that aren’t converting.  

Other Important Tips for How to Set Up YouTube Ads

Additional tips for creating successful YouTube ad videos

Following those five steps are how you can set up your dropshipping business’s YouTube ads. But there are a few other important pointers you’ll want to consider when creating your ad. 

The most important part of your YouTube ad is the first 10 seconds. Your whole video will need to offer value and information, but the opening should grab the buyer’s attention and compel them to keep watching.

If the first 10 seconds don’t move the needle, your ad is in trouble. The worst thing you can do is get the viewer off to a dull start, losing their attention. 

Also, don’t use capitalization, exclamation points, or repeated symbols in your ad headline. YouTube doesn’t allow these in ads, so don’t do it. 

As far as video length goes: the minimum recommended length is 12 seconds, while the maximum is 3 minutes. The length of your video will depend on what you’re looking to achieve and how fast you can move the reader from research to conversion. 

Our last recommendation for how to set up YouTube ads successfully is test, test, test. Always evaluate your ads and how well they’re doing with your analytics dashboard. Shamelessly continue pursuing the strategies that work while ruthlessly cutting out the ones that don’t. 

If you’re looking for someone to handle all of this for you, we offer “done for you” ad management services. We’re experts at managing YouTube ads and can help you. If you’re looking for more valuable insight into how to make money online, subscribe to my YouTube channel for more tips or sign up for my free webinar today.

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Running a Full-Time eCommerce Business | What Should You Expect?

by Peter PruSystems & ProcessesLeave a Comment on Running a Full-Time eCommerce Business | What Should You Expect?

Flexible hours, fancy cars, a lovely mansion, a nice watch, and traveling around the world — check. These are some of the things that attract most people, and possibly you, to starting an eCommerce or dropshipping business. But is it really the daily life you can expect once you have a full-time eCommerce business?

Sorry, but the short answer is no. 

Not what you expected, right? 

I know you’ve seen videos online and heard about eCommerce store owners making passive income and living the life. They go on vacations all over the world and own fancy sports cars. But before you brand me as a dream killer, let’s get some things straight first.  

First, a successful eCommerce empire can afford you such luxuries and possibly more. Secondly, whereas running such a business is not your typical 9-5 job, it also requires a lot of work. So, if you think starting an eCommerce business is your ticket to easy riches, think again.

Lastly, full-time eCommerce business owners don’t spend all day every day cruising on yachts or relaxing at a beach waiting for cash to trickle in. 

So, what’s it like in the day of a full-time eCommerce business owner? In this article, I’ll give you an overview of what my day is like as I ensure my business empire continues growing to provide you with a rough idea of what to expect. 

An Early Start

To ensure that my workload is easily manageable throughout the day, I like waking up early in the morning. Immediately after getting out of bed, I take a refreshing glass of cold water. 

In addition to increasing alertness and fueling your brain, drinking water the first thing you wake up has several benefits. So, I strongly recommend that you make it part of your daily routine.  

I Check My Slack Messages

Screen grab of Peter Pru discussing his general workday

Running a full-time eCommerce business requires using several different tools and systems to streamline processes and enhance coordination. One such tool I use is Slack. It comes in handy when communicating with colleagues and clients. 

The last thing you want as an eCommerce store owner is bottlenecks or other challenges derailing the process. So, before attending to anything else, I take about 15 minutes to read and respond to my Slack messages. This ensures that all urgent matters are addressed before the workday officially begins. 

Get in Some Exercise for the Body and Mind 

As with most other things in life, it is difficult to run and scale your online business empire if you do not take care of yourself properly. Good health and a mind ready to take on challenges are invaluable assets.

This is why I spend one hour working out in the morning as I listen to an audiobook. For me, the audiobooks that I prefer are autobiographies. Then, after the workout session, I take a cold shower, making me even more alert and ready for work.

I Get to My Desk by Eight AM

Online business owner arranging client calls and meetings

Officially, my day begins at 8 AM. This is when I get to my desk and begin tackling the day-to-day activities of my online business. 

Some of these activities include:

Meetings 

Over the last five years, Ecommerce Empire Builders has been fortunate enough to grow from an unknown brand to a relatively popular one. During this period, our team has grown to over 30 people, and we always have plenty of clients at any given time. 

To ensure everything is going as planned, a significant portion of my day is spent meeting colleagues and clients. 

Client Work

The eCommerce journey has plenty of stops in between. If you are new to it, it may be intimidating to begin. This is why we assist people such as yourself in starting and running successful online empires. 

Depending on clients’ needs, budgets and availability, we offer different levels of support through services such as:

  • Business in a Box: This is for individuals who have the budget to start a full-time eCommerce business but not the time. Our team will handle all the tasks so that you do not have to worry.
  • Advertising Management: We help you reach your target audience by reaching them when they’re ready to make a purchase.

Some of our other services also include Facebook image creation, email sequences, and market research. As such, I also spend time handling such activities for my clients. 

Research

As you prepare to venture into eCommerce, you should know that it’s anything but static. At any given time, there are developments taking place. These can range from products in high demand to effective marketing strategies.

Therefore, I spend a lot of time each week monitoring the trends and doing product research. This helps me and adjust my approach accordingly and ensure the support I offer clients is beneficial. 

I’d love to tell you that it only takes a couple of hours for me to get everything done, and the rest of the day is for me to use as I please, but that’s not the case. 

Usually, my day ends at 6 in the evening. Of course, I’ll have some 10–30-minute breaks now and then to rejuvenate. During these breaks, I love taking walks with my wife and daughter. 

Discipline Is Key

Screen grab of Peter Pru discussing discipline as part of running a full-time eCommerce business

At this point, you now have a clear picture of what it takes to be a full-time eCommerce business owner. While it can be very rewarding, I strongly believe it’s not for everyone. 

This is because there’s not only a ton of work involved, but you will also have teams and clients counting on you. Depending on the scale and nature of your business, this comes with a lot of pressure. 

So, if you are not ready to take on such responsibilities, you’re better off not running an eCommerce business full-time. However, this is not to say you shouldn’t start one. As with most people, taking it as a side hustle is also an option.

Now that you know a day in the life of a full-time eCommerce owner is like, it’s time to start building your empire. At Ecommerce Empire Builders, we’re here to help you. Sign up for my free webinar, where I’ll take you through the steps I took to create a full-time income online. Also, subscribe to my YouTube channel for insights and business tips.

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Top Tips for Making Money Online: Start Growing Your Online Business Today

by Peter PruSystems & ProcessesLeave a Comment on Top Tips for Making Money Online: Start Growing Your Online Business Today

eCommerce, affiliate marketing, dropshipping, selling digital products, and courses rank high among the ways of making money online. The list is endless with diverse options that you could consider. These fantastic opportunities allow you to take control of your finances. Whether you are currently holding a full-time position and are looking for a few extra bucks or have ambitions of becoming a full-time entrepreneur, there are numerous ways to achieve this goal. Follow these tips for making money online and navigating the online business world.

Leveraging Online Business

You need to know that most of these options work. They can earn you some good money from the start. However, you have to choose an option that will work best for you. Mostly, the choice of online business depends on your situation. You’ll first need to figure out your target market and your preferences. This initial step helps you settle your mind on your preferred niche. 

Once you settle on your preferred online business, work on getting multiple income streams to your business. How do you achieve this? It often comes down to selecting the right target market. Use these three criteria when choosing your best market:

1. Ensure That Your Market Is Evergreen

Never sell to a niche that won’t exist after a short time. These target markets can impair your business growth in the long run. Nobody wants to enjoy a few fruitful weeks or months then get into a slump because of the loss of clients. 

2. Avoid Groups That Have a Lot of Brand Loyalty

If 90% of your target buys from one or two specific brands, then you might have difficulty growing your presence. Opt for a niche that is more interested in the product than the brand that sells the product. You could also work on your marketing strategy to gain a consistent following as you start making money online.

3. Opt for a Group That Appreciates Both Physical and Digital Products

Diversified products ensure that you have multiple sources of income. Setting up your business with numerous products places you in an excellent spot and increases your chances of success. 

Finding the Perfect Niche

Peter Pru discussing the different types of products that can be sold online

Think about your current niche. Do they have a lot of digital products? Are people consuming lots of information from influencers? Are the influencers using ebooks and physical products to get to the target market? When you find a diversified niche, you can cash in on digital products, physical products, and affiliate marketing opportunities. 

With the perfect niche, you can leverage multiple sources of income as your business grows. It is essential to take advantage of numerous business models to sustain your business’s progress. However, your growth won’t be sustainable if you try to do everything at once. Build and compound the different income streams progressively. 

Grow Your Business Sustainably

Focus on a single product at a time to make the most of your business strategy and start making money online. Work on growing your business model before you decide to diversify your products. During your growth cycle, keep doing market research to learn more about your target market’s preferences. Such information will guide your adoption of other income streams. 

Once you start diversifying your products, quit running your business with a one-track mind. At this point, you’ll need to spread out your energy across multiple income streams and remain open to your market’s changes. Set up your business in a way that offers various products and monetizes what you have as best as you can.

How Can You Invest Your Resources?

Dropshipper researching investments and cryptocurrency

Many people miss the boat on what to do with what they make online. Going from business owner to investor should drive how you approach your business. Very few business owners think critically about this huge transition. 

As a business owner, remember that you’re still working, regardless of how well your business is doing. The chances are that if you don’t show up, your business may not grow. Investments can prove to be a game-changer for many business owners.

Putting money from your business into different investments allows you to grow your profit margins exponentially. Work on keeping all your profits saved or invested away to ensure that it works for you and helps you develop an empire. The best investments will help you build real wealth that can transcend through multiple generations.

Most business owners shy away from setting up investments because they think that they need lots of money to get going. Investing small chunks of your total profit is better than doing nothing as it allows you to flourish. The idea is to take advantage of every tiny amount you get from your business. 

Passive Income Investments

Peter Pru discussing the importance of keeping earned money in investments

Once you make up your mind about transitioning into investments, then you’d want to consider passive income streams. Dividend-paying stocks can be an excellent place to begin on your investment journey. These companies will pay on a quarterly or monthly basis for owning shares in their company. You could also opt to invest in crypto. For example, you can purchase different cryptocurrencies then earn interest from them. 

As you work to grow your business empire, ensure that the success and failures of other entrepreneurs around you do not carry you away. Work squarely on building, developing, and sustaining your business, not just making money online. 

Work With an Expert eCommerce Team

Are you ready to build a profitable online business? At Ecommerce Empire Builders, we can help you find the resources you need to set up and grow your online business today. We can train you on finding the perfect niche and help you carve out a name for your business in your preferred space. 

Our team will help you move your dream from the infancy stage into a profitable business venture. Are you ready to leap into the eCommerce scene? Attend our exclusive free webinar today and learn about everything you need to create consistent online income streams. Find all the tips and tools you need to make an impact in the eCommerce space. Also, explore my YouTube channel for more insight about achieving consistent success in the eCommerce industry.  

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