I decided to start an online business and made more than $3,000 in the first 17 days...

I decided to start an online business that allows entrepreneurs to find top best selling high margin products.

The idea came to me as insight. Once I was browsing through Facebook and I realized that many entrepreneurs get low profit while selling goods online.

It was rather strange to me. I knew I had some products in my online store that bring me now even $70 profit and it’s from the sale of the single product. Anyway many entrepreneurs sold goods with a margin of $20 and they were 100% sure it was an excellent result. (some of them are sure of it until now he-he).

I know that many online stores are constantly looking for products that would greatly raise their profits by 2-5 times and they are sure they need to invest more money in advertising and expand the range of products, but in fact they can simply have those 50 - 300 top high margin products for which people are willing to pay good money.

How did I start with the project?

1. I quickly picked up a good premium domain, which I bought for $30 (it has already been bought several times in recent years) now it belongs to me.
2. My programmer, a friend of mine redesigned a little a well-known themeforest template and we then together modified it a bit in 4 days.
3. I haven’t started to use any complicated payment gateways yet, as I launched that project to test sales. I am just using jvzoo.com payment service for collecting MRR.

The total costs of my project is not more than $90. (paid $60 to the programmer to set it up

properly)

Me and my programmer created the whole website together on WordPress and as it turned out to be the template that we set up has an excellent integrated builder, where you can quickly assemble the site from different sections.

Nothing complicated! Bang bang and you're done!

Of course, the site does not look very cool, but my experience always tells me that one needs to concentrate more on customers and their needs and give them the best support and the product / service they buy.

The next step was to find out how many people are interested in such a service. I knew that there was a certain demand, but I did not know which one. Anyway I thought I can get some sales and it is an experiment for me. Nothing scary!

I just asked different people on Facebook if they needed such a service and a few people responded. Sometimes people asked a lot of questions, because they wanted to know what kind of goods I have, more about some niche high margin products, what were the differences in the packages STANDARD, BASIC and PREMIUM etc.

One entrepreneur contacted me and was asking for 15-20 questions every day. After a week or so communication with me he bought a $49 PREMIUM package. I even consulted him on how to raise prices for some products wisely. There were also a couple of people who needed my help and after consulting them they bought some of my packages.

My next step was to contact online stores’ owners and asked them if they want to try one high margin product to see if it is worth to sell massively. Some of them told me YES and tried the product. Some of them became my clients. WOW!

Though two famous online stores wanted me to manually pick up 2000 high margin products for their stores, but I told them to choose the PREMIUM package and to have 100-300 manually picked up items every month. Perhaps I will add an option where people could have 2000 items per month in future, but not at the start of my business.

Then I wanted to get even more sales and started my affiliate program. I began searching for bloggers who are already promoting various services. Every day I wrote to 20 affiliates and 37 of 100 joined my affiliate program at the end. They wrote about me in their posts and it was a very good trigger for my business. I got another wave of more than 50 clients. One of my affiliates which promoted a famous hosting service lately could bring me 17 clients in just 3 days.

Of course now my main task is to develop this business and make it mega profitable. Let’s say $100K+ per month would be great and I am sure I would reach it. If 2040 online owners buy PREMIUM package the goal achieved !!!

My advice to those who wish to start an online business:

1. If you want personally to create your own online service, the main thing is to find a niche that already exists and improve the service offered by your competitors. Don’t forget to offer affordable prices as well! That’s it!
2. Do not create something mega cool! The main thing is to give people exactly what they expect from you. (You do not go to the dentist in the hope that he will cure all your teeth in 10 minutes at the same time)
3. Start a business by offering only one solution to your customers' one pain. This one solution must improve your customers’ business (my service does not provide many cool solutions for online stores’ owners, but it gives only ONE USEFUL SOLUTION that significantly increases profits - that’s what my business about!)
4. Do not invent complex internet business models and do not create super fancy sites at the start. Your initial task is to understand whether there is a demand for your services on the Internet.
5. No need to invest immediately in paid advertising. Try the methods that I used in my business (facebook, direct sales, affiliates ...)

Do not think that business is easy, but in fact it is not difficult. When you know which tools to use and how to communicate effectively with people, then you will always get growth in business. Everything else is technical details that are less important.

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