The Ongoing Crypto Excitement
It’s that moment again—crypto is in the spotlight as Bitcoin has just surpassed $100,000, and you’re probably questioning whether you should delve deeper into cryptocurrency or not. Right now, everyone seems to be caught up in crypto news and pursuing meme coins, and today I’m going to explain what you should actually focus on to get ahead this year.
The Anxiety of Missing Out
Whenever crypto gains traction, I understand how you might feel like you’re missing an important opportunity, and believe me, I’ve experienced that same feeling myself.
Cash Flow: The Key to Wealth
I’ve discovered that, as I often say, when something makes the headlines, it’s usually too late to join in. If you want to gain significant returns from crypto, you should have noticed it before it gained its latest hype or simply wait until the market calms down again. Personally, I prefer to diversify my investments, and I do have some exposure to crypto, but cash flow is the real cornerstone of wealth, and it’s ultimately what made me a millionaire.
Understanding Cash Flow
Cash flow has been transformative for my financial situation—the investments came after that. If you’re unfamiliar with cash flow, it refers to something that generates actual income for you, like a business or a side hustle; it’s essentially what brings in daily revenue. I strongly advise against investing any money in something that’s simply trending or that these crypto influencers are promoting for their own gain, which could lead you to financial loss. I’ve experienced losses myself by following online trends and getting emotionally invested in the hype, and I don’t want you to make the same errors.
Instead, I would prefer you allocate the budget you have right now towards a genuine cash-flow-positive asset. But how can you achieve that cash flow? If you’ve watched my YouTube channel, you probably already understand that an online business is the way to go. Nowadays, anyone has the opportunity to launch an online business—it’s easier than it’s ever been, especially with AI resources available to help you start your own venture. You can literally begin with little to no capital from anywhere in the world as a side hustle, just like I did.
Which Business Should You Start?
Deciding on the Right Path
However, which kind of business should you establish, and which one suits you best? This is often what prevents people from taking the plunge. There are countless online business options available for you to explore, including digital products, affiliate marketing, reselling, YouTube automation, dropshipping, and many others.
My Journey in Online Entrepreneurship
I offer free courses on my YouTube channel and have personally created inventory e-commerce sites, print-on-demand shops, dropshipping businesses, and social media-focused ventures, accumulating over a decade of experience in generating income online. However, there’s one essential factor to consider.
The Influence of E-Commerce
Growth of Online Shopping
More than 2.6 billion individuals shop online globally, representing 33% of the total population, and this figure continues to rise annually without any indication of slowing down, especially with the introduction of numerous new tools.
Launch Your E-Commerce Business
Thanks to advancements in AI, starting your own e-commerce store and claiming a share of this $62 billion market has never been easier, regardless of where you currently stand in your life.
Why This is the Ideal Moment
This is a venture you can pursue with just a few hours each day, and many of you have embarked on creating online businesses after absorbing this information, achieving remarkable results. If they can succeed, why not you? Even those completely new to online entrepreneurship are commencing their journeys.
Niche Stores: A Valid Business Strategy
Defining Niche Stores
I have previously discussed niche stores on my YouTube channel; these are online shops where you can find products at discounted rates and sell them at higher prices for a profit. The greatest advantage is that there are tools available to help you locate these discounted items and manage direct shipment to the buyer, eliminating the need for you to handle any physical inventory. This model is not prone to oversaturation because it remains unknown whether you or the supplier is shipping the products, and the online market continues to broaden and will expand over the next decade. When you pursue any business endeavor, keep three objectives in mind: minimal risk, time flexibility, and location independence—all of which come with this opportunity.
Your Objectives When Launching a Business
Minimal Risk, Time Flexibility, and Location Independence
Launching an online enterprise bears minimal risk. You can begin with an investment ranging from $0 to $100, and I, too, started making money online at just 16 years old through one of my initial online businesses. If I could achieve this, so can you. This online venture was what opened up new possibilities for me and led me to explore additional online business opportunities, ultimately driving me towards success. You acquire products at low prices, set up a straightforward e-commerce store, and then sell those products at a profit, which you already understand.
Step-by-Step Guide to Create Your E-Commerce Store
Utilize Free AI Tools to Establish Your Store
I don’t just discuss what to do; I actually demonstrate how to get started, so let’s dive in. There are free tools available that can seamlessly build and optimize your online store in mere minutes. AI tools like this have never been available before, and I truly wish I had them when I began. To kick things off, I’ve included a free tool link below for you to easily build your online store with AI at no cost. By following that link and these next steps, this free tool will automatically generate a fully operational custom e-commerce store for you in just a few minutes.
Step 1: Choose a Niche
For those of you utilizing AI, all you need to do is select a niche, which will take less than 10 minutes. The system guides you through each step. People have charged thousands of dollars for this kind of service, and you already know I’m providing it for you. Simply navigate the step-by-step process, and your online store will be set up and ready.
Step 2: Add Curated Products
Now that we’ve completed the first step, it’s time to find products to sell. You’ll notice after going through the steps with the free AI store builder that it will automatically include curated products with a high selling potential based on current market trends. These products are integrated through a system called AutoDS, and you’ll see this in the step-by-step instructions.
Step 3: Utilize AutoDS for Product Sourcing
Once your online store is ready, it will provide you with the option to access AutoDS. I ensured that this step-by-step system includes it for you, so you’ll have a complete product sourcing method at your disposal. This will connect you to thousands of suppliers from whom you can begin selling products.
Identifying Successful Products
AutoDS Features
I will demonstrate how to identify successful products, and there are two distinct methods to accomplish this. One of the top systems I’ve been utilizing for the past year is called AutoDS. Within AutoDS, there are three primary sections dedicated to product research.
- The handpicked products:
The handpicked products section allows you to explore all the various products offered by AutoDS. You’ll notice multiple categories available, and you can refine your search based on country, price range, and category. Many of these items even come with a two-day shipping option, which is excellent since this means your customers will receive their orders quicker than many Amazon deliveries. Additionally, this section is updated daily, so you consistently have access to new products. By clicking on a product, you can scroll down to view extensive data that provides insights into pricing strategies, potential profit, target demographics, and even competitors currently selling the item.
- The ads spy:
They also feature a tool called ad spy, allowing you to view TikTok, Instagram, and Facebook ads, essentially highlighting content that is performing well on those platforms. This enables you to gauge trends and discover what is resonating with audiences.
- The training product sections:
Another method for identifying products to sell involves exploring Amazon, where you can identify items generating the highest revenue. Even though you won’t be selling your products directly through Amazon, you can still leverage the platform to see what’s successful and capitalize on that.
I know individuals who take the time to analyze advertisements and create superior versions of existing stores, effectively outmaneuvering their competition. As mentioned earlier, AutoDS automates your entire store, meaning you won’t need to handle shipping or inventory. The entire process is managed by the supplier, with you acting merely as the intermediary between the supplier and the customer utilizing the system. When a sale occurs, suppliers will directly ship the product to the buyer, relieving you of any responsibilities on that front, while you can effectively manage and monitor everything through AutoDS.
Amazon Research Approach
If you navigate to amazon.com and select the bestsellers tab, then click on movers and shakers, you’ll find more unique and trending items. You can manually browse through these products, and when you select one, Amazon will indicate how many people bought it in the last month. For instance, this deep tissue massager has had over 30,000 sales in the past month at a price of $40, meaning the seller is making nearly a million dollars monthly. Clearly, this is a lucrative product. Additionally, when you return to AutoDS, you can find the same or similar product just by searching in their system. Here, you can see that this product is priced around $30, including fast shipping from a supplier. A Google search for this item reveals that it typically sells for $70 to $200, allowing you to add your custom branding and sell it for $70, earning around $40 in profit per transaction. Instead of selling on Amazon, which I wouldn’t recommend due to their numerous fees, you would market this item through your own online store, retaining 100% of the profits. Further, when you revisit the search for the massage product and scroll down, you’ll find a wealth of related items that can also be marketed in your own store. This is how to establish your niche and develop your entire store with multiple products.
Streamlining Your Business
Effort and Time Savings
Another method to discover products for sale is by exploring AliExpress and locating suppliers manually. However, this approach isn’t automated, requiring you to input everything manually. Though this method was effective a few years ago, it’s not advisable unless you need to start with no investment. If you have a small budget, I strongly recommend pursuing the automated and professional option. We managed to create our online store for free using AI, identified our winning products, and now you can easily import these products into your online store from AutoDS with just a click. Simply select the product you wish to showcase, click review, then publish, make a few adjustments, and you’ll end up with a fully operational e-commerce store optimized for white labeling. This is all made possible thanks to AI and services like AutoDS. Unfortunately, AutoDS isn’t free, but it is quite affordable, and I’ve secured a great discount for you. By utilizing the AI store builder link in my description and the top comment, you can get a full month free of AutoDS to try out with no cost, and the link in the AI store Builder funnel will also enable that promotion.
The Significance of Marketing
Avoid Buying Ads as a Newcomer
If you lack a marketing strategy, refrain from purchasing ads as a novice. I assure you that the only time individuals recommend buying ads is because they have never successfully executed organic marketing themselves. Organic marketing is a method of generating sales at no cost. I am aware of numerous individuals who have followed this advice and have successfully earned thousands of dollars. Therefore, once again, I urge you not to invest in ads; do not squander your funds.
Master Organic Marketing
I encourage you all to become proficient in organic marketing. I offer free courses on my YouTube channel that teach how to market organically, and in that hour-long course, I include a comprehensive section dedicated solely to marketing strategies for you all. I hope this provides you with some lucrative ideas, and if you find that this business model isn’t appealing to you or prefer not to sell physical products, you’re in luck. I have an abundance of other free courses available in my Medium Stories that cover a wide range of ideas for you to explore and identify what works best for your unique circumstances. Additionally, I created a story titled Eight Ways to Make Money Online, which is an interactive video designed to assist you in discovering the most suitable online business model for your needs.