I was browsing on my Flipboard the other day and came across an article that intrigued me. It was about a man that started an online Business with only $200.
I read the artcile on CNBC and it was written on May 30, 2017. The article was an interview with Trevor Chapman, a 33-year old broke college student, that discovered how to make money online.
“There came a point in time when I had to say, ‘I’m in my mid-thirties, am I willing to wait until some of my kids are out of the house … [to enjoy] my life to the extent I imagined I would?'” Chapman recalls.
Chapman Started An Online Business
Chapman launched his website LDSman.com which would later sell for a lot of money.
The website sold weird and wonderful novelty items like inflatable lounge chairs, fidget spinners and a whole bunch of other stuff like that.
In just three months, Chapman’s life would never be the same. He began spending more time with his family. He went from working 12-hour days to working one or two hours each week on his website. Soon, the website was making more than 1 million dollars in sales.
He Used A Great Business Model
Chapman built his e-commerce site on one crucial business model – drop shipping. Drop shipping is when you establish third-party suppliers to do the shipping for you. You market the product and sell it on your site, but never have any inventory. Chapman used the popular website aliexpress.com to do all his buying and shipping. He talked with a couple of suppliers and worked out a deal and he was well on his way.
Drop shipping has it’s pros and cons though. Because you are never handling the product yourself, you never see the quality of the product being shipped or how the product looks when it arrives at the customer’s house.
At the time of the writing of this article Chapman said this to the interviewer:
“This summer, [my family and I] are taking three months on the road,” says Chapman. It’s something he’s always wanted to do, but never could before. “I was shackled to earning a dollar,” he says.
According to the article, there was one quote that changed Chapman’s perspective about earning money and running an online business. He read a quote from Warren Buffett that turned his life around.
“IF YOU DON’T FIND A WAY TO MAKE MONEY WHILE YOU SLEEP, YOU WILL WORK UNTIL YOU DIE.” -Warren Buffett, CEO of Berkshire Hathaway
Follow His Pathway
If you want to free yourself from the shackles of the 9-5 workweek and start living your life, you’re going to need to learn the ins and outs of an online business. You need to learn how you can make money while you sleep using the world-wide-web. It’s as simple as that.
Starting a drop shipping online business is great and offers you fantastic opportunities, but what if I could tell you of an even better way to make money online.
Don’t Drop Ship – Don’t Ship Products At All!
When I started with Online marketing, I wanted to learn more about SEO and how to market my already existing e-commerce website. When I took the course that I am going to mention to you in a moment, I realized that the internet offers me a more significant opportunity, and I don’t even have to deal with products.
I was already dealing with customers and products and it can be a real drag! I mean, dropping shipping is great because you don’t have to deal with the products in a warehouse, but you do have to deal with customers and returns – blah!
My NO-BOSS Blueprint
Welcome to the world of Affiliate Marketing. Affiliate Marketing is when you are JUST the marketer and never actually sell your own products.
In the article, Chapman lost a lot of money because his supplier in China, the one that was doing his drop shipping, changed the quality of his lounge chairs. He ended up replacing 1,500 units which cost him big bucks.
I know that every business is going to face some setback or obstacles, but there is a better way to make money online that doesn’t have you dealing with products and unsatisfied customers.
Affiliate marketing sells other company’s products:
- They do the selling on their site
- They ship the product
- They deal with the customers
- They deal with suppliers and quality
All you have to do is sit back and make a commission for every sale that you make. You are going to make just as much money as Chapman made with his drop shipping business – but with no products. You could even end up selling it for millions of dollars as well.
Trevor Chapman had the right idea – you have to make money while you sleep. Let me teach you my NO-BOSS blueprint today. I want to teach you how to build your very own niche website and start making money on the internet.
If you have questions or comments, I want to hear from you! You can add your questions or comments below. Tell me what you thought of this article, and what are your struggles when It comes to making money online.