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Make $1000/week with little knowledge, but hard work

Discussion in 'Making Money' started by yakuzaemme, Sep 20, 2016.

  1. yakuzaemme

    yakuzaemme Junior Member

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    So, there's a lot of tutorials on here how to monetize Instagram, Facebook and affiliates -
    but very few on how to create your own product/offer - which in my opinion is much easier and faster.

    This is a project I did myself, that easily (vague term) did a minimum of $1000 a week. And the
    good thing is, you're in complete control.

    What you need

    1) Programming skills

    Either team up with someone, or hire. I would suggest somebody that does html/css/js/php/sql.
    System languages such as C# will help scale it in the future.

    2) Basic design
    Again, partner/hire or lurk themeforest.

    3) PayPal and/or Stripe account (or equivalent of Stripe)
    4) AliExpress account
    5) Facebook Ad account
    6) $100 for ads (hopefully less, but for trial and error)



    The concept

    Find cheap products with free shipping on AliExpress - list on your own website and charge
    customer for shipping, and place the order on AliExpress for the customer.

    If done right, profit per sale is around $4 (order value $5.99, product cost $0.50, acquisition $1.50)
    The conversion rate will be a lot, lot higher than normal websites, as what you're selling
    is "free".

    Within a week or two after setting everything up - you should have a good data collection
    and idea for better margins, and can scale to reach 50 orders/day.

    The site I used (when this was running): https://freeium.com
    • The site is not active. You should not place an order. It is for demonstrational purposes.
    • I repeat: Do not order. This is no advert for that website. Study and learn from it instead.
    • I repeat, once again: Do not place an order. I am not looking to promote the website.



    Find products
    Research product niches that is fairly cheap to buy. Some examples are
    kitchen gadgets, electronics (headset, charger), makeup, pet toy, decoration etc.
    My best tip here would be, the more niched, the better (CR, more of that later)

    Set up a website
    Despite of everything you hear of how wonderful Wordpress/Shopify is etc,
    I suggest making your custom one for this. There's very, very little backend
    involved, and the design and front end should be fairly simple.

    Figure out what approach you wish to take. I chose to go with free products
    that brands gives out for exposure. There's many ways to go about this.

    List products, and create a simple flow from landing to checkout completed.
    Full name, street, zip, city, country - no more. Don't gather email or phone here.
    The stripe popup (recommended) will gather email for you, and so does PayPal.

    Social profile
    It's time to create your page. Keep it simple. Start off by selecting name and
    profile picture for highest CTR. Selling pet toys? Consider something along the lines
    of "Dogs of America" with the united state flag as picture (flag increases CTR a LOT, I
    got no proof of this so you've just gotta trust me ;) )

    Once that is done, start forming your ad. There's a lot of in depth tutorials out there,
    so I suggest reading them - but here's an basic example of what I used.

    [​IMG]

    Ads
    Again - there's a lot more in depth on Google. But as mentioned above,
    the smaller niche - the better. Familiar yourself with Ad Manager (do not use the
    blue Boost button). Spend an hour or so with Google searching for your niche.
    For example, if I'm selling pet toys, I want to find literally every forum in the
    country about dogs.

    Once that is done - add these websites as interest in your ad set. The audience
    is now filled with people who actually engages with dog-related topics, and
    is very likely to own a dog themself.

    Go through the different websites on Ad Manager and remove the very big ones.
    Again, the more niched the better.

    Now go ahead and pair this with another interest - online shopping. Use the "must match"
    selection.

    You now have an audience of extremely likely dog owners, that shopped online in
    the past. Go ahead and set the other settings such as age, location, gender etc.
    There's a lot of data on the web about which age groups and genders shops online the
    most.

    For ad placement, skip Instagram all together. You may want to try 3rd party apps, but
    I would start with desktop and mobile. Spend a few hours and set up different campaigns
    for A/B testing - again, lots of info on this online.

    Feel free to try different objectives as well, such as conversions or post engagement. I
    used post engagement for this, but in hindsight I should of used conversion (InitiateCheckout).

    Collect data
    Along with A/B testing of campaigns - set up Facebook pixels on the different events
    such as AddToCart, InitiateCheckout and Purchase. After 50 sales or so you may
    want to create a lookalike from purchase.

    Don't bother retargeting on failed conversion after they hit InitiateCheckout, they got scared
    from the shipping and felt tricket and most likely won't convert ever.

    Managing an order
    You've got your first order. Great. Head over to AliExpress, place the order from the cheapest seller
    with free shipping, and fill in the customer details (AliExpress seller -> Customer). Notify
    the customer via email (collected by Stripe/PayPal) that the order has been processed).

    Scaling
    As you probably can figure out, placing orders is extremely time consuming for very little
    money. Your time is better spent optimizing and finding other opportunities. Right?

    Here's where a system developer comes in the picture. What I did was a bot
    that got alerted when a new order was placed through the website.

    It then went to AliExpress, searched for the cheapest seller of that item (with good reviews),
    placed an order, filled the customers information, solved captcha and paid for the order,
    then sent an notification to customer that order has been processed.

    Video (terribly sorry for the quality, no screen recorder on my desktop):



    Why I stopped it

    Dispute rates
    AliExpress shipping times (free ones) are extremely long, 30-45 days. Most customers
    cannot wait this long, which I'm sure we all can understand. Therefore, I got a lot
    of disputes (2.3% if I remember correctly). This is very bad stats, but as it's spread out over
    two payment methods (Stripe and PayPal) it's under the limits. However, I run a lot of websites
    using Stripe and PayPal - and this site alone ate up my breathing room, so couldn't risk it.

    Dishonest (gray area)
    You're practically tricking the customer by wording. It was a fun project to run as
    the heavy tasks were automated, but not something you can show friends and family
    and be proud of.

    Unreliable sellers
    As the bot was choosing seller based on price, sometimes, it chose a bad one, which resulted
    in seller accepted payment and a few weeks later emails and says item is not in stock.
    This was frustrating both for me and the client. The ideal way would be to build a connection
    and pre-pick products, to make sure they can deliver and possibly negotiate prices.
    Time I didn't and don't really have.

    Questions?
    If something is unclear, ask away!

    Questions such as "How do I use power Ad Manager" is better asked on Google. There's
    an incredible amount of tutorials out there on most of this stuff, it's nothing new.

    Good luck!
     
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    Last edited by a moderator: Sep 20, 2016
  2. Nut-Nights

    Nut-Nights Jr. VIP Jr. VIP

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  3. Lunaaa

    Lunaaa Elite Member

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    I would never trust a bot with my credit card information. One little but and it orders 111 of a product instead of 1
     
  4. yakuzaemme

    yakuzaemme Junior Member

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    Sure. The bot doesn't handle credit card info though - just enters your prepay-password. But yes, bugs can happen if not coding correctly.


    Edit: Got a question now why I'm releasing this. There's 100's of different niches this can be applied to, and even more markets,
    countries and so on. It's definitely a market that there is room for more in. So if I ever wanted to restart this, I don't think the market would be full.
     
  5. Sombrero

    Sombrero Supreme Member

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    Now I'm seriously thinking you are Charles Floate new account or sorta. This guy is claiming 250k year net profit, I say bs
     
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  6. Adlad

    Adlad Jr. VIP Jr. VIP

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    Thank you for the share and for going into so much detail.

    Obviously the notion of giving something away for "free" and making the profit on shipping isn't new, but your twist using AliExpress and social media is cool and I can see there been tons of scaling potential there.

    Was Freeium based on a template or custom designed/coded from the ground up? It looks like a decent amount of work went into creating it.

    I think as you mentioned the main negative is your supplier source and extremely long delivery times. Although maybe that could be countered by offering a better support system where unhappy customers could get an automatic refund (instead of you getting disputes).

    Anyway thanks again for the share
     
  7. yakuzaemme

    yakuzaemme Junior Member

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    My pleasure! The concept isn't new at all - although the twist as you mentioned I haven't seen around.
    By using AliExpress + an automation tool to place the orders - it has an huge potential in scaling. No traffic limit and
    not a lot of time (once everything is done).

    The website was made by me and another colleague in just under a week (including product finding etc). The order-tool took me a bit longer.

    Yes absolutely, there's many ways to improve this - and a lot of customer support and handling networks (paypal, stripe, aliexpress, facebook)
    so it would require a fair amount of time if you want to brand it later on etc.
     
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  8. Adlad

    Adlad Jr. VIP Jr. VIP

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    Thanks for the reply!

    Just 2 final quick questions regarding AliExpress (since that's the foundation of the idea)...

    Do you think it would be worth losing another $1 or $2 on your order and chosing the faster shipping options? Granted that's a decent % of your profits, but if this was fully automated it wouldn't really matter and you'd potentially be cutting down a lot on complaints. Also, did you ever get people complaining once they got the product because they saw an invoice in there for $1 (or whatever the product actually cost)?

    I actually think you could even do entire sites/landing pages dedicated to 1 more expensive product. Kinda like a Woot sort of thing. The product would be still be free, but you'd charge $8 or $9 for shipping and I'm guessing the quality jumps quite a lot on AliExpress, even with that small increase. Then you could get extreme targeted with what you market.

    That's just me thinking out loud though :p
     
  9. almir012

    almir012 BANNED BANNED

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    Cool info!

    Can we talk on Skype ?
     
  10. yakuzaemme

    yakuzaemme Junior Member

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    The faster (express) option is at like $40+. Of course, some has faster than free (20-30 days) for a dollar or two, but the customer than complains is those that wait 10 days plus. After that most
    probably forgets about it.

    No complains once arrived, in the shipping email I included that the brand manufacturers (since it's only new products they are giving away for exposure)
    will send it, and that they should prepare for a long shipment.

    Oh yeah absolutely. You can spin this however. Offer 1 extreme deal (for like $0.99) that updates every 24 hours. Make people believe they're making a
    great investment, and it's urgent they place the order now as it will expire within a day.



    Ask questions here bud so everyone can benefit from it! Share the knowledge :)
     
  11. bishss

    bishss Newbie

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    This is essentially dropshipping.
     
  12. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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  13. yakuzaemme

    yakuzaemme Junior Member

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    Yes, that website is one I had in the past, but it is not active nor do I want to promote it. I didn't state otherwise.
    Was in contact with moderator Bass to go through thread before posted, and I think it is very clear
    I'm not looking to promote an inactive website, or anything for that matter.
     
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  14. mnyhunter

    mnyhunter Newbie

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    Is there any readymade script for this project like your site?
     
  15. irfanrufi123

    irfanrufi123 Supreme Member

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    Adrian, is that you?

    Anyways, OP. You're trying to share. Which is good. But don't rehash the old methods that are already posted here without even giving the due credits.
     
  16. yakuzaemme

    yakuzaemme Junior Member

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    I'm sure there is, but I wouldn't know what to recommend. Perhaps Shopify where you list products as free and add to shipping cost. Give it a try!
     
  17. 0xxi3

    0xxi3 Jr. VIP Jr. VIP

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    it was going so well OP... ;)
     
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  18. Adlad

    Adlad Jr. VIP Jr. VIP

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    I've not seen this method with this spin and explained in this much detail and I've been a member on here for 7+ years. But even if it has been posted, I'm sure plenty of people like myself missed it.

    Obviously you didn't bother to read his first post very well, because he explained extremely clearly that it's his site and tells people it's no longer active and not to order (3 times in bold actually).

    This is what annoys me about this place. Someone actually takes the time to share something and give precise step by step details and all people can do in return is get their panties in a twist. Probably because they're pissed someone actually revealed a working method for once
     
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  19. yakuzaemme

    yakuzaemme Junior Member

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    I'm sorry, my intention wasn't to bring credits to me for the method but an general tutorial on how to execute on it. Enough in-depth to spark
    an interest for people to go out and learn.

    Did some research now - AliExpress+Shopify+Cheap products is apparently called the Franklin Hatchett method. Full creds to Franklin.

    Edit:
    And after reading some threads, I believe this spin to be somewhat unique,
    as there's a way to fully automate the work, ideas of targeting and more,
    and plenty of stuff I left out (hoping people will engage and ask) - that
    other threads doesn't mention.

    And I don't know, I made some money off this and everybody's journey is different
    so I'm sure I have some experience on the subject to share.
     
  20. castlebrwn85

    castlebrwn85 Newbie

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    very nice, very very nice, it can be scaled up pretty nice.