Be Your Own Boss

Basic Guide to Earning Money from Online Stores

Under $100

by

Mohammed N. Nadeem
TABLE OF CONTENT

AUTHORS NOTE

INTRODUCTION

THE RIGHT PRODUCT

FINDING THE MANUFACTURERS

PRODUCT RESEARCH REPORT

REASONS IMPORT BUSINESSES FAIL

TIME TO SELL

MARKETING STRATEGY

STEPS TO STAY AHEAD OF THE GAME

OVERVIEW
AUTHORS NOTE
The purpose of this book is to provide guidance to start earning money by embracing the
advance online stores. The guide is written from my personal experience to making
money online to establishing a small business. There is no need to purchasing books
with hundreds of pages, this quick guide that hits the spot with steps involved into
making quick money online.

- Mohammed N. Nadeem
INTRODUCTION
I have no respect for those who take loan to start their own business. In our modern
world today, starting your business from scratch is ninety percent easier than twenty
years ago. However, many have failed to succeed by not identify accurately who their
target market is, under estimating their competitors, lack of research and above all,
choosing the wrong product. Its not easy, its not hard, it can be done. This guide will
provide you with simple step-by-step directions from how I started my online business
from my bedroom into a successful company.

First, read my words. “I can do it”. Motivation is the key to success along with massive
commitments. It all narrows down to what are you looking for in your business career.
Whether part time income or a full time. Be aware, not to quit your job before starting
your business. Once your business is live, ensure that you are actually earning with
profits and can deliver your household expenses before considering to quitting your job.
THE RIGHT PRODUCT
Even before thinking of a business name, its important to clarify whether you are going
to sell a product or a service.

A product is a physical subject that is manufactured either by you or purchased

wholesale through overseas manufacturer. Example, a key tag, a watch, mobile phone
cases etc. A service is providing support to your customer through your skills and talent.
Example, graphic design, painting services, lawn mowing etc.

Identify if you have any skills of which people would pay for or if you are willing to
sell products online.

Look out for what’s trending on electric stores online such as eBay and Amazon.

Right product + Target Market = Profit $$$

FINDING THE MANUFACTURERS
You can find product manufactures such in China for a great bargain. Almost 85% of
eBay sellers are from China, which explains the low prices on brand new products.
Alibaba is a great place to look for wholesale products at low prices. Even buying from
eBay is a great place to start. This is where your research dives in. Find a manufacturer
who has less minimum order placements along with a profitable product at fewer
prices. Example, Formal Shirts at prices from $2.00 to $4.00, which can be re-sold for
a minimum of $10.00. Always make small purchases such as 20 units.

Example Calculations:

Purchased 20 units for $2.00 assuming $50 postage. A total cost of purchase $90.00

$10 sale price - $2.00 buying price = $8.00 Profit per unit.

Units Sold Selling Profit Earnings Profit

20 $8.00/unit $160.00 $70.00

The above example shows how you can purchase products from overseas manufacturers
and sell at great profit.

Do not sell fake branded products. If you find cheap branded products in wholesale
from China, most likely they are fake. This may bring legal problems in the future.
PRODUCT RESEARCH REPORT
Create yourself a short and concise report on your researched products. It even can be a single product to start from.
This will enable you to better understand your target markets and chances of re-selling at higher price.

Topics to include in your report:

Product demand analysis

Manufacturers price
Selling Profits
Shipping Costs involved
Possible online re-selling sites (where to sell it)
REASONS IMPORT BUSINESSES FAIL
Selecting the wrong product
Developing the wrong strategy
Failure to making the right decisions

I failed my first business and learnt a lot from it. In fact, i still have some old stock in
the bulk house waiting to be sold. Failing is not an issue, learning from it is what
matters the most. I learnt that the wrong product could bring destruction upon your
business.

Therefore,

Choose a product that sells the most or is trending

A supplier who doesn't rip you off by charging more
A plan outlining your strategy for selling & marketing
TIME TO SELL
So a truck pulls over and delivers your products in your garage. Its time to list your products online.

Many decide to begin hosting a website with a custom domain URL and a custom email ID costing almost $60.00 -
$70.00 alone. That is not going to help with anytime. Hosting your own website to sell products from will be very
challenging since you have get traffic on your site. There is no guarantee the visitors will purchase your product.
However, if you post your products on an established online store such as Amazon or eBay, chances of selling out is
higher. It doesn't cost anything to sell, but a small fee maybe deducted upon selling each product.

Visiting shopping on such site is already pitched and are looking for your product. They don't need any convincing and
have their credit cards handy. Use the right keywords when listing your products online to increase chances of
appearing on search results.
MARKETING STRATEGY
Notice if your products are selling quicker than usual which means that you selected a
hugely demanded product. Find a cost effective way of marketing your product. Few
examples are shown below.

You can increase your sales by:

Providing Free Shipping (While including the shipping cost in your total
price. Nothing is free.)
Creating a sense of fear by notifying the buyers with terms such as “limited
stock available” etc.
Be flexible; provide 30days exchange or refund. You are more likely to sell
with these provided.
Create a Facebook Page and link to your products.
Facebook advertisements are low cost and affordable.
Post or tweet about your products to your friends and other groups.
STEPS TO STAY AHEAD OF THE GAME

Stay updated with trends

New products as they become available
Quality of the product matters yet get it for cheap
Doing your calculations properly
OVERVIEW
1. Research trending products online
2. Choose the right product to sell
3. Start with small order
4. Re-sell at profit online
5. Marketing your product to the right customers
6. Staying updated with latest trends