6 Online Business Ideas to Make Money – Create an Online Small Business! (w/ Mark Ling)

This Post: 6 Online Business Ideas to Make Money – Create an Online Small Business! (w/ Mark Ling)

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hey guys it’s me series a venire editor at wholesale kids and in this video I’m going to give you six online business ideas so that you can create your own small digital business now close my subscribers here hope it can probably guess what some of these ideas are going to be but I think even my subscribers might be surprised at some of these ideas especially idea number four the great thing about a lot of these ideas is they require very little startup money if you’re willing to put in the works then you can create your own small online business as well and has actually got a special gift with me on this video today marvelling Massillon is a multi-millionaire who owns several successful digital businesses he is also the co-founder of Soho which is actually how I met him and plus he’s also a New Zealander like me so be aware he also has a funny accent now there are two people that have massively influenced my life it was here to change my life by teaching me the world of e-commerce and it was Mark to change my life by teaching you the world of affiliate marketing so I’m really excited to have them on video today alright let’s jump straight into it idea number one start a YouTube channel a lot of people ask me this exact question Sarah if you’re a successful online seller why do you even bother having a youtube channel well I’ll tell you why it’s a form of income diversification I would very quickly barely on that income diversification is very important which is one of the reasons why I teach multiple business models on this channel and I’m not gonna lie it’s pretty profitable every month this channel makes tens of thousands of dollars how well let me tell you now it is not from Adsense in fact as you may or may not have noticed we actually have Adsense turned off so we get no Adsense money at all YouTube Adsense usually pays around $1 to $2 per thousand views in the previous four weeks hopes appeared had $278 reviews if we had essence on vien that means would have made between two hundred seventy eight dollars to five hundred and fifty six dollars we’ve also recently get emails from people that want to do sponsorships on this channel as how you I always turned it down yes I do promote and I recommend products on this channel but I’ve only promote and Rickon in products that I use and 11 I’m not going to sell my soul for two hundred and fifty dollars given that those are the two common ways to make money on YouTube how are we able to make tens of thousands of dollars every month with less than a hundred thousand subscribers and the answer is simple as through affiliate marketing no map is going to give you a deeper explanation as to what affiliate marketing is very shortly but let me give you a quick rundown affiliate marketing is when you promote someone else’s product and if somebody purchases the products because of you then you get a commission pack on sale and this is usually tracked through a unique URL which shows that the person bought because of you for example on this channel we have a video which shows you how to use gentle Scout to find great products to sell on Amazon and in the video description of that video we have an affiliate link to jungle scout and this isn’t some big secret in the video I give a very clear disclaimer did the link in the video description is an affiliate link but it comes to affiliate marketing honesty is the best policy why well because when you recommend a product and you’re getting a commission cut on sale at the customer purchases that because of you then obviously they’re going to become skeptical are you just recommending it for the money for don’t be dishonest and create more distress by hiding the affiliate link and pretending like you aren’t getting a commission cuts of sale be upfront and honest the other way that we create trust is that we show how we use these tools in tutorial form so that others can see that they are genuinely helpful that they are useful and that they a worth purchasing not everyone will use your affiliate link but if you provide genuinely useful advice in your video then a lot of people will use your affiliate link as a thank you sort of time and effort that you speak creating it another way that we build trust is that the majority of our videos don’t even use any tools or have any affiliate links in the description we only use tools if they are relevant to the video we focus on providing genuinely great content and it’s funny if you focus on creating great content for the viewer and you treat money as a secondary concern and once you guys find is that you’re going to make more money because when you do recommend products people are actually going to trust you and that is actually a great lesson for anyone who is starting a business if you start a business on the basis of helping people rather than cheating people you’re going to go much further if you go Meucci people add some money in sure maybe you’ll make a quick buck but they will go and tell others and your reputation will be trashed but if you sell and rittany products that genuinely help people and sexy problems in not only will they go and tell others that you’ve helped them but you will also create repeat buyers but I digress the point here is that if you want to start a YouTube channel do not start it with the focus being on getting money through Adsense or through sponsorships and Sears look for more lucrative ways to monetize and usually that means that you’re either going to be selling other people’s products through affiliate links or if you’re even more about you can sell your own products and of course don’t make crappy videos that are just designed to sell that there are no shortcuts here you have to make good videos all right let’s switch over to mark so he can tell you more about fillion marketing idea number two become an affiliate marketer thanks Sarah yes affiliate marketing is hugely profitable I make tens of thousands of dollars from affiliate commissions every month here’s a screenshot of just one of my click bank accounts and as you can see that in the past four weeks I’ve made over $20,000 and in just three months I generated over forty-seven thousand dollars from Commission’s selling a product that is in the supplement niche so what does affiliate marketing Sarah touched on this briefly but I’ll explain it a bit more now affiliate marketing is when you don’t have your own product to sell and instead you sell someone else’s product and when you make a sale you get a commission for it so sales attracts through a unique URL when someone clicks on that URL they get cook eat that cookie then tracks them and it means that the merchants can tell if somebody bought the product directly after clicking their link so what this means then is that you don’t need to a product of your own to sell you can actually start making money online by selling other people’s products what it means is that you just need to focus on generating traffic from people who might be interested in buying the products that you are promoting now Sarah has already explained how having a YouTube channel can be one really great source of traffic but there are lots of others out there too some examples include Facebook advertising Google AdWords 3 search engine optimization traffic having your own email newsletter list social platforms like Instagram or Pinterest and more and you’ve got two main options the first is that you can direct your traffic directly to an offer for example Sarah directs people directly to buy jungle scout in her video and sometimes like in the case of that example it is best to do that but usually it’s best to actually direct that traffic to a freebie offer like a free ebook let’s say then that you were really into organic gardening for instance so you decided to promote products related to this what I would recommend you do is create a free ebook to help people who are also interested in this so it might be something like the 7 steps to creating an organic garden then when people get their free ebook require them that they give their email address and that they opt-in to receive your newsletter series so in this newsletter series you should send them lots of free helpful information about organic gardening to prove that you’re an authority and that they can trust your recommendations then to build a relationship but you should also use this newsletter furies to recommend great products that are related to organic gardening that you think that your subscribers will like and find helpful and of course when you do that you can use your affiliate link by instead directing traffic to your free ebook you’ll you’ll capture their email addresses so that you can remark it to them again and again instead of just one-off which is why this method is so powerful and so lucrative idea number 3 reselling items online method is really simple it simply goes going out there and finding items in the real world that are really cheap and then reselling them on sites like eBay and Amazon for example this is pokemon leaf green version which by the way includes the Game Boy is font wireless adapter which is let’s pick Co now I picked this little bad boy up and Garris out for about $30 now if I were to resell there on the New Zealand version of eBay which is called trade me I could get you from 70 to $100 for it now I don’t do this business model anymore but I like to keep these video games around for nostalgia because this was my first foray into online selling now if you go to a thrift store to Jericho to Craigslist and even to buy and sell Facebook groups you’ll often find items that are priced lower on there than their going price on eBay and Amazon if you want to get even more sophisticated with this method you can do something that’s called retail arbitrage this business model is when you find items priced lower and retail stores any going price on Amazon you then go and buy a full stock and their retail store and then ship it in to Amazon for example here in New Zealand we have some candy called pineapple lumps now I can go and buy this at a supermarket for $2.99 now that’s in New Zealand Dollars if you convert that teenage base dollars it costs just 2 dollars and sixteen cents but on Amazon they are selling for over $8 in u.s. dollars these days notice that I specifically mentioned Amazon to retail arbitrage and not for eBay and this is the two reasons once there is a great culture of buying brand-new items on Amazon than there is on eBay so it means that the prices are usually higher and so amazon has an amazing program called fulfilled by Amazon this means in that you can take the items that you purchase ship them into an Amazon warehouse and then they will pick pack and ship out the item to the customer when they order it I used to do retail arbitrage my stuff when I was younger it’s something that I no longer do anymore I explain why in my video that is actually called why I quit retail arbitrage the main reason is because fact that it’s not a scalable method since you always need to be sourcing items and those because of the fact that you’re usually sourcing discounted stock from the store so you live in a week-to-week which items are going to be discounted in a store but even though it wasn’t right for me that doesn’t change the fact that if you scale the Smiths that as far as it can go you can still build a six-figure business and it actually really easy to get started that’s why I included it on the list of best online business ideas because of the fact that it’s very newbie friendly all right let’s move on to the next business idea and this business model has made marks millions of dollars idea number four create and sell your own digital products with the help of affiliates so remember how earlier I was discussing affiliate marketing and how you can promote someone else’s product and get a commission cut to the sale let’s flip that on its head why not instead of promoting someone else’s product you make your own product and then affiliates promote it for you that’s what I do I have several products one of them that I co-own is called manifestation miracle and it’s a self-development course and it makes me tens of thousands of dollars every single month and the best part is I don’t have to drive traffic to it because my affiliates are doing that for me the business model is simple create a great product then place it on a marketplace like Clickbank Clickbank of the site where merchants can list their products and affiliates go to clickbank looking for products to promote so this is how they discover your product and how they start promoting it if you make a great product that has a high converting sales page then you’ll be able to attract affiliates to come and promote your products for you and it’s very passive and hands-off and get this by having your own products you now have a list of customers and their email addresses so take me as an example I have a huge customer base for manifestation miracle I know that these people are willing to buy personal development courses it means that I’m being able to use that email list to promote other self-development products to them that they will be interested in and it means that I’m able to use my email list with us which is built for me by affiliates by promoting my products to then promote affiliate offers and make even more money and it’s honestly the best of both worlds and and it’s a fantastic online business idea idea number five drop shipping okay okay although my subscribers here host okay probably expected this to make the list and I cannot help it it’s a really really good business idea drop shipping is a great business model for beginners because it means that you can sell items online without having to buy them in advance you see you usually have to buy items in advance when you sell them online picks business idea number three retail arbitrage to do that you need to go to a retail store purchase this kind of stock and then gross balance so drop shipping is different you list items that you have not already bought to do this you find drop shippers and these are suppliers that well are willing to dropship you see most supplies work dropship of course they require you to purchase items in bulk and they you go and ship them to your partner but as a supplier it will need to drop ship then what they’ll do is that you purchase items individually and then they will ship their individual items out to your customer so what you do is you list item to the drop shipper has to sale but you put a mark upon it price and then when the customer purchases the item from you you get to keep the difference in profits one really good thing about this business model is that it requires very little startup money because of the fact that the customer has already purchased the items from you in advance now there are ten basis of drop shipping that I teach on this channel one of them is called how to start aliexpress drop shipping store with no static money and I’ll have a link to that video in the description below the other method involves drop shipping on Amazon and I have a video for that titled making money with a dropship business and of course I will have a link to that video in the description below okay let’s switch back to mark so he can give you our final ideas for creating an online business idea number six private labeling your own physical products I don’t just create digital products like courses and ebooks I create and manufacture my own physical products too for example one of my products is a knife sharpening stone and another is a vegetable spiralizer this method is simple you simply import products cheaply from China and you resell the on Amazon via your own website for massive profits by selling them on Amazon you get to take advantage of the fulfilled by Amazon program so you can let Amazon manage and handle the orders for you making it very passive the reason why it’s called private labeling is because you place your own logo and branding on the item this increases the value of the item so that you can charge an even higher price for it yes that requires you to put money up front to buy items in advance but it has the huge advantage that you don’t need to worry about managing customers orders plus it’s pretty neat to be selling your own physical products with your own brand here’s an additional bonus tip you can increase your margins by beckoning them to a relevant digital offer for instance if you are selling dog leashes you might want to upsell people to a dog training guide that they can purchase instant online access to or you may wish to affiliate to someone else’s offer if you don’t happen to have one of your own to upsell to alright those are our six online business ideas if you have any questions about them be sure to ask them in the comment section below and we will answer as many questions as we can if you like this video I appreciate this gaybies thumbs up and subscribe to us here at wholesale care for more great videos about making money online and if you would like to start your own online business but you don’t know how then you should be sure to download our free ebook how to make ten thousand dollars a month online with drop shipping you’ll find a link on how to download this incredible life-changing ebook in the video description below hi there and thanks for watching this video created by us here and will fail 10 it is our mission to help that is why we’ve created eight which shows how he would yes that you can make handouts knowledge extinct every month with dropship even if you don’t have startup money invest of all we’re giving away this ebook for free and yet we really need absolutely free so if you’d like to get this potentially climbed teaching link in this video description in Canada [Music]