sarah: hey, guys. it's me, sarah, the video editor at wholesaleted and in this video, i'm gonna give you six online business ideas so that you cancreate your own small digital business. now, of course, my subscribers here at wholesaleted can probably guess what some of these ideas are going to be. but i think even my subscribers might be surprisedat some of these ideas, especially idea number four. the great thing about a lot of these ideasis they require very little startup money. if you're willing to put in the work, thenyou can create your own small online business
as well. and i've actually got a special guest withme on this video today, mark ling. mark ling is a multi-millionaire who ownsseveral successful digital businesses. he's also the co-founder for salehoo whichis actually how i met him. and plus, he's also a new zealander like meso be aware, he also has a funny accent. now, there are two people that have massivelyinfluenced my life. it was ted who changed my life by teachingme the world of e-commerce and it was mark who changed my life by teaching me the worldof affiliate marketing. so i'm really excited to have him on thisvideo today.
all right. let's jump straight into it. idea number one, start a youtube channel. a lot of people ask me this exact question,"sarah, if you're a successful online seller, why do you even bother having a youtube channel?" well, i'll tell you why. it's a form of income diversification. i learned very quickly early on that incomediversification is very important, which is one of the reasons why i teach multiple businessmodels on this channel.
and i'm not gonna lie, it's pretty profitable. every month, this channel makes tens of thousandsof dollars. how? well, let me tell you now. it is not from adsense. in fact, as you may or may not have noticed,we actually have adsense turned off so we get no adsense money at all. youtube adsense usually pays around $1 to$2 per 1,000 views. in the previous 4 weeks, wholesale ted had278,000 views.
if we had adsense on, then that means we'dhave made between $278 to $556. we also regularly get emails from people thatwant to do sponsorships on this channel. i'll tell you now, i always turn these down. yes, i do promote and i recommend productson this channel but i only promote and recommend products that i use and believe in. i'm not gonna sell my soul for $250. given that those are the two common ways tomake money on youtube, how are we able to make tens of thousands of dollars every monthwith less than 100,000 subscribers and the answer is simple.
it's through affiliate marketing. now, mark is going to give you a deeper explanationas to what affiliate marketing is very shortly but let me give you a quick rundown. affiliate marketing is when you promote someoneelse's product and if somebody purchases the product because of you, then you get a commissioncut on the sale and this is usually tracked through a unique url which shows that theperson bought because of you. for example, on this channel, we have a videowhich shows you how to use jungle scout to find great products to sell on amazon. and in the video description of that video,we have an affiliate link to jungle scout.
and this isn't some big secret. in the video, i give a very clear disclaimerthat the link in the video description is an affiliate link. when it comes to affiliate marketing, honestyis the best policy. why? well, because when you recommend a productand you're getting a commission cut on the sale if the customer purchases it becauseof you, then obviously, they're going to become skeptical. are you just recommending it for the money?
so don't be dishonest and create more distrustby hiding the affiliate link and pretending like you aren't getting a commission cut forthe sale. be upfront and honest. the other way that we create trust is thatwe show how we use these tools in tutorial form so that others can see that they aregenuinely helpful, that they are useful, and that they are worth purchasing. not everyone will use your affiliate linkbut if you provide genuinely useful advice in your video, then a lot of people will useyour affiliate link as a thank you for the time and effort that you spent creating it.
another way that we build trust is that themajority of our videos don't even use any tools or have any affiliate links in the description. we only use tools if they are relevant tothe video. we focus on providing genuinely great content. and it's funny. if you focus on creating great content forthe viewer and you treat money as a secondary concern, then what you're gonna find is thatyou're gonna make more money because when you do recommend products, people are actuallygoing to trust you and that is actually a great lesson for anyone who is starting abusiness.
if you start a business on the basis of helpingpeople rather than cheating people, you're going to go much further. if you go and you cheat people out of somemoney, then sure, maybe you'll make a quick buck but they will go and tell others andyour reputation will be trashed. but if you sell and recommend products thatgenuinely help people and fix their problems, then not only will they go and tell othersthat you helped them but you will also create repeat buyers. but, i digress. the point here is that if you want to starta youtube channel, do not start it with the
focus being on getting money through adsenseor through sponsorships. instead, look for more lucrative ways to monetizeand usually, that means that you're either gonna be selling other people's products throughaffiliate links or, if you're even more bold, you can sell your own products. and, of course, don't make crappy videos thatare just designed to sell stuff. there are no shortcuts here. you have to make good videos. let's switch over to mark so he can tell youmore about affiliate marketing. mark: idea number two, become an affiliatemarketer.
thanks, sarah. yes, affiliate marketing is hugely profitable. i make tens of thousands of dollars from affiliatecommissions every month. here's a screenshot of just one of my clickbankaccounts and as you can see, that in the past 4 weeks, i've made over $20,000. and in just 3 months, i generated over $47,000from commissions selling a product that is in the supplements niche. so, what is affiliate marketing? sarah touched on this briefly but i'll explainit a bit more now.
affiliate marketing is when you don't haveyour own products to sell and instead, you sell someone else's product. and when you make a sale, you get a commissionfor it. so sales are tracked through a unique url. when someone clicks on that url, they getcookied. that cookie then tracks them and it meansthat the merchant can tell if somebody bought the product directly after clicking theirlink. so what this means then is that you don'tneed to have a product of your own to sell. you can actually start making money onlineby selling other people's products.
what it means is that you just need to focuson generating traffic from people who might be interested in buying the products thatyou are promoting. now, sarah has already explained how havinga youtube channel can be one really great source of traffic but there are lots of othersout there too. some examples include facebook advertising,google adwords, free search engine optimization traffic, having your own email newsletterlist, social platforms like instagram or pinterest, and more. and you've got two main options. the first is that you can direct your trafficdirectly to an offer.
for example, sarah directs people directlyto buy jungle scout in her video. and sometimes, like in the case of that example,it is best to do that. but usually, it's best to actually directthat traffic to a freebie offer like a free ebook. let's say then that you are really into organicgardening for instance. so you decided to promote products relatedto this. what i would recommend you do is create afree ebook to help people who are also interested in this. so it might be something like "the seven stepsto creating an organic garden."
then, when people get their free ebook, requirethen that they give their email address and that they opt-in to receive your newsletterseries. so in this newsletter series, you should sendthem lots of free, helpful information about organic gardening to prove that you're anauthority and that they can trust your recommendations and to build a relationship. but, you should also use this newsletter seriesto recommend great products that are related to organic gardening that you think that yoursubscribers will like and find helpful. and, of course, when you do that, you canuse your affiliate link. by instead directing traffic to your freeebook, you'll capture their email addresses
so that you can remarket to them again andagain instead of just one-off, which is why this method is so powerful and so lucrative. sarah: idea number three, reselling itemsonline. this method is really simple. it simply goes going out there and findingitems in the real world that are really cheap and then reselling them on sites like ebayand amazon. for example, this is pokã©mon leaf green version,which, by the way, includes the game boy advance wireless adapter, which is a big deal. now, i picked this little bad boy up at agarage sale for about $30.
now, if i were to resell that on the new zealandversion of ebay, which is called trade me, i could get anywhere from $70 to $100 forit. now, i don't do this business model anymorebut i like to keep these video games around for nostalgia because this was my first forayinto online selling. now, if you go to thrift stores, to garagesales, to craigslist, and even to buy and sell facebook groups, you'll often find itemsthat are priced lower on there than their going price on ebay and amazon. if you want to get even more sophisticatedwith this method, you can do something that's called retail arbitrage.
this business model is when you find itemspriced lower in retail stores than their going price on amazon. you then go and buy up all the stock in thatretail store and then ship it into amazon. for example, here in new zealand, we havesome candy called pineapple lumps. now, i can go and buy this at a supermarketfor $2.99. now, that's in new zealand dollars. if you convert that to united states dollars,it costs just $2.16. but on amazon, they are selling for over $8in u.s. dollars. now, you may have noticed that i specificallymentioned amazon for retail arbitrage and
not for ebay and this is for two reasons. one, there is a great culture of buying brand-newitems on amazon than there is on ebay so it means that the prices are usually higher. and two, amazon has an amazing program calledfulfilled by amazon. this means then that you can take the itemsthat you've purchased, ship them into an amazon warehouse, and then they will pick, pack,and ship out the item to the customer when they order it. i used to do retail arbitrage myself wheni was younger. it's something that i no longer do anymore.
i explained why in my video that is aptlycalled "why i quit retail arbitrage." the main reason is because of the fact thatit's not a scalable method since you always need to be sourcing items. and that's because of the fact that you'reusually sourcing discounted stock from a store so you never know week-to-week which itemsare gonna be discounted in a store. but even though it wasn't right for me, thatdoesn't change the fact that if you scale this method as far as it can go, you can stillbuild a six-figure business. and it's actually really easy to get started. that's why i included it on this list of bestonline business ideas because of the fact
that it's very newbie-friendly. let's move on to the next business idea andthis business model has made mark millions of dollars. mark: idea number four, create and sell yourown digital product with the help of affiliates. so, remember how earlier i was discussingaffiliate marketing and how you can promote someone else's product and get a commissioncut for the sale? let's flip that on its head. why not, instead of promoting someone else'sproduct, you make your own product and then affiliates promote it for you?
that's what i do. i have several products, one of them thati co-own is called manifestation miracle and it's a self-development course and it makesme tens of thousands of dollars every single month. and the best part is i don't have to drivetraffic to it because my affiliates are doing that for me. the business model is simple. create a great product then place it on amarketplace like clickbank. clickbank is a site where merchants can listtheir products and affiliates go to clickbank
looking for products to promote so this ishow they discover your product and how they start promoting it. if you make a great product that has a high-convertingsales page, then you'll be able to attract affiliates to come and promote your productfor you. and it's very passive and hands-off. and get this, by having your own product,you now have a list of customers and their email addresses. so take me as an example. i have a huge customer base for manifestationmiracle.
i know that these people are willing to buypersonal development courses. it means that i'm then able to use that emaillist to promote other self-development products to them that they'll be interested in andit means that i'm able to use my email list, which is built for me by affiliates by promotingmy products, to then promote affiliate offers and make even more money. and it's honestly the best of both worldsand it's a fantastic online business idea. sarah: idea number five, dropshipping. okay, okay. although my subscribers here at wholesaleted probably expected this to make the list
and i can't help it. it's a really, really good business idea. dropshipping is a great business model forbeginners because it means that you can sell items online without having to buy them inadvance. you see, you usually have to buy items inadvance when you sell them online. take business idea number three, retail arbitrage. to do that, you need to go to a retail store,purchase discounted stock, and then go sell it. but with dropshipping, it's different.
you list items that you have not already bought. to do this, you find dropshippers and theseare suppliers that, well, are willing to dropship. you see, most suppliers won't dropship, ofcourse. they require you to purchase items in bulkand then you go and ship them to your customer. but if a supplier is willing to dropship,then what they'll do is let you purchase items individually and then they will ship thatindividual item out to your customer. so what you do is you list items that thedropshipper has for sale but you put a markup on that price. and then when the customer purchases the itemfrom you, you get to keep the difference in
profit. one really, really good thing about this businessmodel is that it requires very little startup money because of the fact that the customerhas already purchased the item from you in advance. now there are two methods of dropshippingthat i teach on this channel. one of them is called "how to start an aliexpressdropshipping store with no startup money" and i'll have a link to that video in thedescription below. the other method involves dropshipping onamazon and i have a video for that, titled, "making money with a dropship business."
and, of course, i will have a link to thatvideo in the description below. okay, let's switch back to mark so he cangive you our final idea for creating an online business. mark: idea number six, private labeling yourown physical products. i don't just create digital products likecourses and ebooks. i create and manufacture my own physical productstoo. for example, one of my products is a knifesharpening stone and another is a vegetable spiralizer. this method is simple.
you simply import products cheaply from chinaand you resell them on amazon or via your own website for massive profits. by selling them on amazon, you get to takeadvantage of the fulfilled by amazon program so you can let amazon manage and handle theorders for you, making it very passive. the reason why it's called private labelingis because you place your own logo and branding on the item. this increases the value of the item so thatyou can charge an even higher price for it. yes, it requires you to put money upfrontto buy items in advance but it has the huge advantage that you don't need to worry aboutmanaging customers' orders.
plus, it's pretty neat to be selling yourown physical products with your own brand. here's an additional bonus tip. you can increase your margins by back-endingthem to a relevant digital offer. for instance, if you were selling dog leashes,you might wanna upsell people to a dog training guide that they can purchase instant onlineaccess to. or you may wish to affiliate to someone else'soffer if you don't happen to have one of your own to upsell to. sarah: all right. those are our six online business ideas.
if you have any questions about them, be sureto ask them in the comments section below and we will answer as many questions as wecan. if you liked this video, i'd appreciate ifyou gave it a thumbs up and subscribed to us here at wholesale ted for more great videosabout making money online. and if you would like to start your own onlinebusiness but you don't know how, then you should be sure to download our free ebook,"how to make $10,000 a month online with dropshipping." you'll find the link on how to download thisincredible, life-changing ebook in the video description below. ted: hi there.
and thanks for watching this video, createdby us here at wholesale ted. it is our mission to help everyone start andgrow their own online business. that is why we've created a simple ebook whichshows how anyone, yes, even you, can make $10,000 each and every month with dropshipping,even if you don't have startup money. and best of all, we're giving away this ebookfor free. and yes, we really mean absolutely free. so, if you'd like to get this potentiallylife-changing ebook, simply click on the link in this video description and get it now.
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