Making a living from an online business is the dream of many people. Not depending on anyone to pay the mortgage and support the family is within everyone’s reach with an internet connection, provided they are willing to pay the price of getting started and setting up a web project from scratch. online businessPhoto rights by Fotolia Achieving a monthly income of 1,000-3,000 euros starting with very little knowledge is not impossible, but it is clearly not easy to achieve . In fact, very few people succeed and give up early. The journey should be quite similar to the effort made by a person who wants to lose a significant amount of weight in a short time. It takes discipline and perseverance to reach your goal . You can tattoo this on your forehead before you start. If it were easy, everyone would be doing it. These are the types of businesses I would start today if I had to start something new from scratch. Contents [ hide ] 1 Monetize your videos with Youtube 2 Sell a product through Amazon 3 E-commerce in a niche with little competition Monetize your videos with Youtube When I talk about monetizing videos with YouTube, you don’t necessarily have to become a YouTuber . Obviously, success stories like “El Rubius” suggest that this is one of the main ways to make money from videos on this platform, but in reality it is only the tip of many icebergs . In the end, they all make money because Google shares a portion of the ads generated by them with you. You get paid approximately 2 euros per thousand views. There are 3 basic ways to generate income with advertising and YouTube. Creating a community of thousands of followers on YouTube to ensure a minimum number of views when you launch a new video (YouTuber model). Launching viral videos that achieve millions of views in a short period of time. SEO positioning of videos for keywords with relevant searches, thus generating continuous views. On this last point, Alex Navarro gave a talk a couple of months ago. In it, he explains all the steps necessary to position a video from scratch. I’m putting it below so you can take a look. It’s clear that you’re not going to earn much with 10,000 views of a video. Taking the average of 2 euros for 1,000 views, you would have earned only 20 euros. You have to start somewhere and take it easy. Nobody starts with a viral video that gets millions of views in a few days or weeks. Selling a product through Amazon I know. I’m being a bit of a pain with the subject of starting to sell on Amazon Spain . In August we had a bit of a pause because there wasn’t much activity due to the holidays. We’re going to take up the subject again soon with a vengeance. One of the main challenges of this model is the investment in the product . The investment in your own online infrastructure is zero, but this is paid for with the commissions that must be paid to Amazon for the management it carries out on your behalf. There are less risky alternatives to buying stock , either through Chinese suppliers on Alibaba or Aliexpress. You can also contact companies that do not yet have a presence on Amazon and that might be interested in opening this channel with the help of a third party that handles this matter for them. In parallel to the purchase of our own products, we will begin this path in September. The key is to find the right product and position it. This can be done in 3 different ways: Selling a product from an established and well-known brand through the Amazon platform (I haven’t tried it yet). Offer an unbranded product. Based on our initial tests, it is not essential to have a well-known brand, although this may vary depending on the type of offer. Create a brand from scratch . The “perfect” way might be to import a quality product and put your own logo on it. This is a way to differentiate yourself from similar products (sometimes the same product is imported by several sellers on Amazon and offered multiple times for different prices). E-commerce in a niche with little competition But does that still exist? Well, the truth is that I found one a couple of months ago without looking for it. It is now that I have decided to look for suppliers and create an online store. Finding a potentially profitable niche requires an important first step: searching for it. Of course, this is not easy and in my case it was more luck than anything else. I will tell you the criteria I have applied. To do this, I have applied the FAR concept that we have also “developed” to find the perfect product on Amazon. In the top 10 results there are no high authority sites (Amazon, El Corte Inglés, etc. or similar) and there are not many SEOs who are active in this segment (over time you are able to differentiate “authentic” sites from those made by SEOs… . Due to the high search volume, 1,000 daily visits can be achieved quickly. With a conversion rate of less than 0.1%, one sale per day could be achieved. A high product margin. In this specific case, a sale would generate a profit of 100 euros, so a theoretical profit of 3,000 euros per month could be achieved. To start this whole activity I’m going to set up a shop from scratch. The cost of setting up an e-commerce site will be around 1,000 euros. It’s clear that this is only the first step and being online doesn’t guarantee selling anything. But you can imagine that I’ve already thought about that. Well, even if I don’t have to start from scratch, I’m already setting up two of the three businesses described. This post is inspired by an article from Authority Hacker that describes 7 ways to make 100 euros a day beyond Google. I recommend you check it out if you’re interested in this topic…
