How To Make Money Online In 2019

1. Introduction to Making Money Online
2. Understanding the Shopify and Facebook Method
3. Setting Up Your Business
4. Creating Your Shopify Store
5. Effective Facebook Advertising Strategies
6. Understanding Profit Margins
7. The Importance of Conversion Tracking
8. Conclusion: A Sustainable Business Model
9. FAQ

Introduction to Making Money Online

As we approach the end of 2015, many individuals are looking for ways to generate income in 2016. This article outlines a sustainable method that can be initiated now and is expected to remain effective in the coming years. Unlike typical quick-money schemes, this approach can be developed into a full-fledged business, allowing you to control your earnings and growth potential.

Understanding the Shopify and Facebook Method

The method discussed here revolves around utilizing Shopify in conjunction with Facebook advertising. This dropshipping model allows you to sell products sourced from overseas without ever handling the inventory. When a customer places an order, you simply relay the details to your supplier, who ships the product directly to the customer. This model is particularly appealing as it minimizes upfront costs and risks.

Setting Up Your Business

To get started, you will need to create an account on AliExpress, which will serve as your primary source for products. Following that, set up a Shopify account, which offers a 14-day free trial. Additionally, you will need a Facebook advertising account to promote your products effectively. Focus on identifying a niche market, such as hobbies, pets, or travel, and select products priced under $4 to maximize your profit margins.

Creating Your Shopify Store

When building your Shopify store, keep it simple initially. Start with one or two products to test the waters rather than investing time in a complex setup. Your store's design can be refined later if the initial tests prove successful. Ensure that your store is equipped with a conversion pixel from Facebook, which will track customer actions and optimize your advertising spend.

Effective Facebook Advertising Strategies

When launching your Facebook ads, allocate a budget of around $100. Start with a broad audience and create multiple ad variations targeting different demographics. Monitor the performance of these ads over a two-day period, identifying which ones convert best. Focus on scaling the successful ads while discontinuing those that do not yield results. This testing phase is crucial for maximizing your advertising effectiveness.

Understanding Profit Margins

To illustrate potential profits, consider a product priced at $3 with shipping set at $9.95. If your advertising costs per conversion are around $2, you can expect a profit of approximately $5 per sale. As you scale your advertising efforts, the potential for daily earnings increases significantly, with some individuals reportedly making up to $900 a day through this method.

The Importance of Conversion Tracking

Utilizing a conversion pixel is essential for tracking the effectiveness of your Facebook ads. You will only incur advertising costs when a customer completes a purchase. Aim to keep your conversion costs below $3 to maintain profitability. If your costs exceed this threshold, it may be time to reevaluate your advertising strategy or product selection.

Conclusion: A Sustainable Business Model

In summary, the Shopify and Facebook dropshipping method presents a viable opportunity for generating income online. While it is not a get-rich-quick scheme, it offers the potential for significant earnings with dedication and strategic planning. Newcomers are encouraged to conduct thorough research and engage with online communities to enhance their understanding and success in this business model.

FAQ

Q: What is the Shopify and Facebook dropshipping method?
A: It is a business model that utilizes Shopify for setting up an online store and Facebook advertising to promote products sourced from suppliers, allowing you to sell without handling inventory.
Q: How do I start a dropshipping business?
A: You need to create an account on AliExpress for sourcing products, set up a Shopify account (which offers a 14-day free trial), and create a Facebook advertising account to promote your products.
Q: What should I consider when creating my Shopify store?
A: Start with one or two products to test the market, keep the design simple initially, and ensure you have a Facebook conversion pixel to track customer actions.
Q: How much should I budget for Facebook advertising?
A: Allocate around $100 for your initial Facebook ads, and create multiple ad variations to test different demographics.
Q: What are profit margins in dropshipping?
A: Profit margins can vary, but for example, if a product costs $3 and shipping is $9.95, with advertising costs around $2, you could make approximately $5 profit per sale.
Q: Why is conversion tracking important?
A: Conversion tracking helps you measure the effectiveness of your ads, allowing you to optimize your advertising spend and maintain profitability by keeping conversion costs below $3.
Q: Is the Shopify and Facebook dropshipping method a get-rich-quick scheme?
A: No, it is not a get-rich-quick scheme. It requires dedication, strategic planning, and thorough research to be successful.
Q: What should newcomers do to succeed in this business model?
A: Newcomers are encouraged to conduct thorough research and engage with online communities to enhance their understanding and success in the Shopify and Facebook dropshipping method.