Ecommerce Empire Builders

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

by Peter PruAugust 23, 2021August 19, 2021Systems & ProcessesLeave a Comment

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.

One Easy Way to Make Money Online as a Broke Beginner Today

by Peter PruJune 9, 2021June 5, 2021Systems & ProcessesLeave a Comment

There may seem like plenty of opportunities to make money online today, from opening an ecommerce store to affiliate marketing. However, if you’re a beginner looking for one of the best ways to make money online on a tight budget, we’ve found one proven way to build your business, regardless of your starting budget. Here we’ll go over our proven strategy that can get you on your way to earning a full-time income online.

Find Your Niche

Many people just starting to make money online make the mistake of looking for winning products that are merely the most popular. Even if you believe that finding the right product is the key, you’ll wind up trying to figure out who is interested in that product. Ultimately, you need to focus on the people you’re selling to and their niche. Based on this niche, you can determine which products those people are buying. At the same time, you can figure out how to differentiate yourself from the myriad competitors out there selling to the same niche.

When searching for a niche, look for certain hobbies that people love. Ideally, you should pick a hobby that you also personally enjoy, which can help you put yourself in your customers’ shoes as you sell to them. There are hundreds of hobbies and passions out there to choose from, but try to avoid spending too much time finding one.

Factors to Look for in a Winning Niche

As you choose your niche, there are certain factors to consider that will help you make the right choice. As you select your niche, make sure that:

1. It’s Evergreen

If you want to experience long-term success with your niche, you need to find a niche that’s not going to go away. This is why you should focus on an evergreen niche such as passions or hobbies.

2. There Isn’t Too Much Brand Loyalty

In addition to being evergreen, your target niche shouldn’t be too competitive to the point where it’s too hard to get ahead. There will always be competition, regardless of the niche you choose. But try not to go into one where you’ll be competing mainly with established giants like Apple.

3. There’s an Even Mix of Physical and Digital Products

It’s also important to ensure your niche has a balance of physical and digital products. This will enable you to generate multiple revenue streams within your niche so you can make money online.

Finding Example Products Within the Niche

Peter Pru showing how to browse for product ideas on Amazon

Once you’ve found your niche based on the criteria listed above, you can begin searching for profitable products within that niche.

Browse Amazon for Relevant Products

As an example, golf is a popular niche that can yield success for many people new to ecommerce. When looking for golf products to sell, you can start your search on Amazon. It’s important to keep in mind that you shouldn’t start immediately selling on Amazon, seeing as this platform is out for itself and can essentially “steal” business from you if you rely on it from the start. Amazon is great for supplemental income streams, but you’ll only be helping Amazon grow if you make it your primary ecommerce platform.

What you’re looking for on Amazon are example products to give you some ideas. For example, when searching for “beginner golf,” a mix of physical and digital products shows up. You’ll see a selection of books—including Kindle eBooks—along with golf clubs and golfing aids. All of these indicate that you’ve found a great niche capable of giving you ample income from several sources.

Search for Products to Sell on AliExpress and ThePLRStore.com

Now that you know what kinds of possibilities there are within your niche, you can begin looking for products to actually sell. For physical products, you’ll want to look for a dropshipping supplier on AliExpress. For digital products, you can visit ThePLRStore.com.

Determine What Sets Your Products Apart From Competitors’ Offerings

As you search for products, it’s also crucial to figure out what differentiates your products and business from competitors’. The fact is that we live in a time when it’s easy for people to find the products they want nearly anywhere online, including Amazon. You need to figure out how to get people to buy from you specifically over competing brands.

You can differentiate yourself and your offerings by showing how your products:

Save money
Save time
Simply have a unique appeal

Crafting Your Offer to Make Money Online

Dropshipper thinking about how to optimize his product offer

With your products and differentiating factors determined, you can begin developing a compelling offer. For instance, suppose you find a selection of golfing eBooks and golfing aids. You don’t want to sell them separately in hopes of earning income through both. Instead, create a package of both physical and digital products that’s unique and appealing to your audience.

The key to being successful as an online business, above all else, is to offer value to your audience that they won’t find elsewhere. Offering a combination of helpful physical and digital products is instrumental in conveying the value you bring.

The plain truth is that if you try to take shortcuts to make money, it’s unlikely that it will work.

Using AliExpress and ThePLRStore.com

Peter Pru discussing how to find upsell ideas

Generally, AliExpress is one of the best places to look for a good supplier for your physical products. When searching for “beginner golf” products, you’ll find a large selection in this niche alone. However, as you look for products to offer, the best policy is to look for products that your audience is already buying.

You’re likely to find many great products that people are buying on Amazon and that they can find for even less through AliExpress. When it comes to developing an offer that gets people to buy your products specifically, this is where ThePLRStore.com comes in handy. At ThePLRStore.com, you’ll find a wide selection of information products, including eBooks, guides, worksheets, and more. PLR stands for “private label rights,” which means that when you purchase eBooks or other materials through ThePLRStore.com, you can rebrand them to be your own and represent your business.

On ThePLRStore.com, we found a golf guide package containing a whole list of articles that cover a wide range of topics. You can rebrand these articles to be yours. Then either sell them or give them away for free when you sell your physical products. If you’re wondering why you can’t simply sell digital products, the fact is that they’re often difficult to sell on the front end. On the other hand, if you package them with physical products, you can easily make a killing with these products.

Setting Up the Sales Funnel

After selecting your products and creating offers with uniquely appealing bundles, you can begin implementing them in your ecommerce business by developing a funnel. There are several core components of a winning funnel that will help you maximize conversions.

The Squeeze Page

Don’t just simply driving traffic from an ad to your Shopify store or another ecommerce store. You should bring people to what’s called a squeeze page. This page is the first step in the funnel that will convert traffic into customers. These pages ask for items like the person’s name, email, phone number, and other relevant information to lead to an instant purchase.

The squeeze page will then detail the specific offer you want to provide, including the different products and their features. This is also the page where you should detail the specific benefits of turning to you over competitors, whether you’re saving people time or money or solving another pain point.

If your squeeze page is effective, you’ll be able to save a lot of clicks. You’ll also convert people earlier in the buying process than you would with a bare-bones ecommerce store.

OTO Pages

One-time-offer (OTO) pages are pages intended to offer upsells once a customer has made an initial purchase. Keep in mind that both squeeze pages and OTO pages are for one-click sales. There are no shopping carts involved in an effective funnel. You can include as many upsells as you want to maximize your average cart value (ACV). But try not to annoy your audience, and ensure each upsell adds value to customers’ purchases. One or two great upsells can be the key to maximizing sales.

One of the best ways to find out which products are best to offer on OTO pages is to look at Amazon for items that are “Frequently Bought Together.”

Find Your Niche and Build a Winning Sales Funnel to Make Money Online

If you’re working with a minimal budget and want to make money online anywhere in the world, this strategy can help you achieve your goals. You just need to:

Find your niche.
Locate the right products within that niche.
Build an effective funnel with a series of enticing offers and bundles.

Then you’ll be able to increase your revenue on a long-term basis.

For more details about how to build a full-time income online regardless of your starting budget, attend our free ecommerce masterclass. Then watch more videos about how to implement winning sales strategies on my YouTube channel. You’ll learn how you can harness the power of funnels to generate more traffic and drastically increase your earnings.

Tagged : digital products / how to start dropshipping / niche / Sales Funnel / upselling tips

Scale Faster With This 6- to 7-Figure Online Business Strategy

by Peter PruJune 7, 2021June 5, 2021Systems & ProcessesLeave a Comment

Over the course of the last 13 years, I’ve built multiple businesses across various industries, reaching six to seven figures in these businesses with some successes and failures along the way that helped my businesses grow. Based on what I’ve learned from this experience, I want to share the 6- to 7-figure online business strategy that’s worked. It can also work for you as you seek to grow your own online business. Using this blueprint, you can experience long-term success.

Regardless of the type of online business you want to start, whether it’s a side hustle or a business you want to become a full-time project, the following 7-figure online business strategy will help you reach your goals.

Who Do You Care About?

Before you begin pursuing your business objectives, whatever they may be, it’s necessary to determine who you care about. Of course, the first people to come to mind will likely be yourself, your family, and your friends. However, when it comes to your business, you need to think about the kinds of people you care about in terms of customers.

At Ecommerce Empire Builders, we’ve seen many people come and go as they excitedly start their business, only to wind up disappointed with the results and quit. One of the main issues that are causing many of these people to quit is the fact that they’re selling to audiences who they don’t know or even care about. The key to success with an online business is to have a good understanding of your prospective customers. If your only goal is to make money when you go into any type of business venture, you’re not likely to resonate with audiences and see the kind of income you want.

Sell Products That You Would Use

Screen grab of Peter Pru emphasizing the importance of caring about your product

In figuring out the audience you care about and want to sell to, it’s often easiest to think about what types of products you would use yourself. We started some of our successful businesses with the basic idea of, “Why don’t I sell stuff that I care about?”

We hoped that this personal investment would show through the marketing efforts. It ultimately played a huge role in this 7-figure online business strategy.

Consider your personal interests, hobbies, or passions. If you can find a specific niche you actually care about, then you’ll likely be more invested in creating the type of customer experience that would impress you and, subsequently, your audience. Your niche could include products you cared about in the past or ones you currently purchase.

If you spend too much time looking for the perfect product that appears to be the biggest winner, it won’t matter if you find it unless it’s something you care to sell. If it doesn’t interest you, the chances are that you won’t see long-term success with it.

Figure Out Your Offer

With your audience and niche determined, it’s time to decide on your offer. We’ve found that when we asked people about what they were selling, many of them would immediately jump into the product. But this isn’t what will drive your success. Instead, you need to think about the actual value of your product to the people who use it, including yourself.

The big question you should be asking is, “Why should people buy from me?” What is it about your offer that would lead people away from your competition and toward your business? Find out what can differentiate you from the sea of businesses selling the same product or service.

Set Up Your Funnel

Have you pinpointed your niche and offer? If so, it’s time to develop your sales funnel to sell your offerings. Your funnel will be where you send your audience in your niche (to whom you’ve presented your offer).

Pretty much every store you encounter uses some type of funnel. Some funnels are effective, and others need some work. Whether you’re at a fast-food joint and the cashier doesn’t try to upsell you, or you’re shopping online and see plenty of enticing upsells that lead you to spend more, that’s a funnel at work.

When you’re developing a funnel, focus on its true purpose, which is to create assets for your business. The funnel is what helps you grow your business by collecting emails and phone numbers from potential customers, along with other information that can lead people toward a sale.

One key question to ask yourself as you create your website and funnel is, “What’s next?” Think about the journey your customers take as they engage with your business, from initial ads to repeat purchases.

For example, what’s next after people see your ad? What’s next when they enter their contact information? Then, what’s next when they add items to their shopping carts? What’s next after they first buy your offerings? If you consistently think about the next logical step in the buying process, address it in your funnel.

As you figure out what’s next in your funnel, you can choose from a wide range of potential products to enhance the value you give your customers — everything from eBooks and courses to accessories and other physical products. If you’re not working toward that “next” after the first offer, you’re losing out on many chances to maximize your income and connect with customers.

Generate Traffic

Screen grab of Peter Pru discussing how YouTube videos are a lead generation tool

Your traffic will serve as the fuel that feeds your funnel. Lead them into the offer that speaks to your niche. In short, it’s the final piece of the puzzle when building your online business.

It’s important to keep in mind that there are many types of traffic out there. This includes organic traffic that comes from search engines, social media posts, YouTube videos, and other channels. To attract high-quality traffic from interested prospects, you need to develop and share content that brings value to your audience. Regardless of what you’re selling, you need to provide relevant educational and helpful content that audiences enjoy.

Again, bringing traffic to your business comes down to doing what you love. If you enjoy your niche, you’ll be much more prolific. You’ll create plenty of content without it feeling like work. As a result, that passion will come across in your content. It will yield the kind of results you want on a long-term basis.

Stick With This 7-Figure Online Business Strategy to Succeed With Your Online Business

Ecommerce business owners planning how to implement this 7-figure online business strategy

Using this 7-figure online business strategy can help you excel with your online business, regardless of your offerings and niche. However, in addition to taking each of these elements into consideration, you need to practice persistence. If something in your strategy is inefficient and doesn’t work at the outset, optimize it and find out what works.

Otherwise, if you’re simply ditching every venture because something goes wrong, you’ll never be able to realize your ecommerce dreams. By finding a niche you love, developing a solid offer, setting up a good funnel, attracting traffic with lots of top-quality content, and sticking with your own 7-figure online business strategy, you can flourish.

Learn more about how to earn a full-time income online with your business. Reserve your seat at my free ecommerce masterclass today. You can also subscribe to my YouTube channel for frequent tips and insights.

Tagged : dropshipping business growth / how to use a sales funnel / niche / Sales Funnel / strategy