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Which Online business to go for?

Discussion in 'BlackHat Lounge' started by Elliot2000, Jun 28, 2017.

  1. Elliot2000

    Elliot2000 Newbie

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    Hello, as most of you all know that I was planning to buy a premade site from Flippa or FE International for doing online business but now I have changed my mind as the members of this forum gave me a solid info to start my own thing.

    Now, let me tell you guys something. I always wanted to create an Online Brand or Company to be honest, or I always wanted to have my own Website for doing online business to earn a living. Hence I wanted to buy a premade site but I don't anymore.

    Now, I was browsing this forum properly and many members are making 1K USD+ per month via Shopify, Instagram, Amazon affiliates. These 3 are the main trend here on this forum as I noticed. Also, proper keywords, domains, SEO etc.
    Now I need to make a minimum of 1K USD per month to pay my bills etc. And I will work more and invest a bit more if I get proper ROI ( Return Of Investment ) from the 1st investment. So, which line of online business should I go for? Shopify, Amazon affiliate, Instagram or what?

    And guys, can you just give me an approx estimate for making a site with the most ongoing multiple niches, proper domain, multiple keywords, paid traffics, proper SEO and other expenses required for starting an online business?
    I am really confused as what to do online for making a minimum of 1K Usd online. Hence I seek your advice and help.

    And are there any professionals here in this forum that makes sites like these and helps them to grow and do business? Of course gonna pay him.

    NB: I know I have made 2-3 topics regarding the same thing but I am getting different ideas every day and I want to be completely 110% sure for investing a good amount on something so that I would get proper ROI. So, kindly bear with me.

    NB 2: I posted the same topic under New Markets category but I didnt any reply, hence thought that maybe that was the wrong category which is why I posted it here again.
    Mods, you can delete the topic which is under the wrong category.

    Thanks and Regards,
    Elliot
     
  2. Sherbert Hoover

    Sherbert Hoover Jr. Executive VIP Jr. VIP

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    Typically the methods to avoid are the ones getting all the attention. By the time the original thread starts really taking off, there's already a truckload of people ahead of you doing the exact same thing.
     
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  3. Elliot2000

    Elliot2000 Newbie

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    So what do you propose I should do? Dropshipping is not profitable?
     
  4. sturose

    sturose Jr. VIP Jr. VIP

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    Dropshipping can be profitable but adding to what @Sherbert Hoover said, if you start offering the exact same products as everyone else you are starting behind dozens if not hundreds or even thousands of people and the competition will be huge.

    You have to find a niche that isn't completely saturated. Watches for example, dropshipped from China can be found just about everywhere on Facebook. Not saying it can't be done, it will be just way more difficult.
     
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  5. Sherbert Hoover

    Sherbert Hoover Jr. Executive VIP Jr. VIP

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    It can be. But what will you do to set yourself apart from the flood of people just like you doing the exact same thing and being confused as to why the method isn't making as much money as you thought and were led to believe?
     
  6. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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    That is a tough one to market on FB as your customer acquisition cost is fairly high... I've done that with a site I had and actually had possession of the product and shipped ourselves. We actually sold the site and inventory just a few months back as it was more work than we cared to do.

    Adwords works much better if you choose that niche, OP.

    The fact of the matter is that nobody can really tell you which direction to go in as nobody knows you like you know yourself.

    You'll need to try a variety of things and see what is working for you. There are lots of very successful dropshippers, lots of very successful people ranking sites and earning via Adsense, CPA, Amazon, etc... the opportunities are just about endless.

    I know that just getting started one can be overwhelmed with all the options but you do need to jump in somewhere and see what works for you as that is really the only way you'll get your best bang for your investment buck. The education you get when you put your right foot forward and start is a better return on your money than buying information.
     
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  7. sturose

    sturose Jr. VIP Jr. VIP

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    This is actually my point, that niche is extremely saturated and for dropshipping to be profitable you have to look for something everyone else is NOT doing otherwise it will cost more than it's actually worth to promote your products.
     
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  8. Elliot2000

    Elliot2000 Newbie

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    Yeah true. Almost all the niches are taken and are used by millions and millions. That is the fact. So, lets drop the dropshipping idea.
    What other online business are there from which I can make a living and fetch that amount?
     
  9. sturose

    sturose Jr. VIP Jr. VIP

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    This is getting dangerously close to spoonfeeding territory now. We cannot decide your business for you.

    Have a good read through the making money section and look at all the categories in there such as clickbank, affiliate marketing, CPA etc. Read plenty of threads and choose something you like the sound of and think you will be capable of.

    Then just jump in and try it. When you get stuck, make a thread and ask for help. If we can see you are at least attempting something we will offer all the advice and assistance you need.
     
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  10. MakeGreenM8

    MakeGreenM8 Jr. VIP Jr. VIP

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    OP what do you currently buy(and are knowledgeable about)? What types of services could you do? (writing, design, coding)Write down a bunch of things on a piece of paper.

    Since you are a beginner, you should look into affiliate programs like Amazon or Clickbank or Maxbounty. If you want to do a service, look into fiverr, upwork, konker. Many many people have gotten a successful start from there.

    Once you know what you have to offer, it only becomes a matter of picking one traffic source to get good at. Don't try to master another source for at least 6 months. If you pick SEO, stick with SEO. If you have the budget for paid ads(2k+), you can start there and you will get feedback much faster. If you work on a service marketplace, focus on building your service's reputation.

    TLDR: Start with what you have, work towards a simple and clear goal. Don't immediately jump from Bright Shiny Object to Bright Shiny Object.
     
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  11. Elliot2000

    Elliot2000 Newbie

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    @sturose M8, I thought of clickbank to be honest but I read on google that its a scam. Many are saying Clickbank is a scam, otherwise I would have went for that. After knowing that I thought of dropshipping through shopify but that is the most used thing nowadays and I wont get any good ROI.

    @MakeGreenM8 Bro I thought of clickbank , like I said above but many are saying that clickbank is a scam. Clickbank was my first choice but I got cold feet.
    Actually, I dont have knowledge about coding and designing but I do know a bit of marketing startegy and techniques as I am a commerce student. I dont do job because I wanna have something of my own. I want to be my own boss, rather than working under a boss and following his/her orders.

    I still want to do clickbank, and I have everytime in the world i.e., my entire day. I can devote my entire day behind this. Is it possible that you can throw a little light on clickbank? I know that there are many articles on clickbank but still many says that its a scam. Hence , I am asking you or anyone else who have achieved success through clickbank to shed a bit light on what exactly it is and how to start? What do I have to do to start clickbank?
    And yes I can buy paid ads, keywords , etc etc if its necessary for the business.
     
  12. Mr Cracker

    Mr Cracker Regular Member

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    Sure here you go:

    1. E.store / custom website

    2. Trending niche: https://m.alibaba.com/trade/search?SearchText=fidget spinners

    3. Research/stats on the niche: https://trends.google.co.uk/trends/explore?date=today 12-m&q=fidget spinners

    4. Generating sales: Instagram, Facebook, Bing, Google adverts (split test) / purchase aged FB/IG accounts and automate them to gain followers inside toys/hobby type verticals and then offer giveaways/reviews and link back to your money site.

    I'm heading to a wedding soon so can not type much more, I'm using a mobile and it's super early. I'm sure you get the point already.
     
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  13. sturose

    sturose Jr. VIP Jr. VIP

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    Clickbank itself isn't a scam, lots of scammy shitty products on there but some decent stuff as well.

    Good money can be made with clickbank if you can promote the products because the commission rates are usually very good. They are also a very easy network to be accepted with as well.

    If you think about trying clickbank check out @mancar487 as he has clickbank products that usually convert quite well I believe.
     
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  14. MakeGreenM8

    MakeGreenM8 Jr. VIP Jr. VIP

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    Alright, Clickbank is not a scam. Some of the products on there are crap. For people who are affiliates who say it is a scam, they were probably unsuccessful, and are calling it a scam to feel better about it for themselves.

    There are multiple sections about paid ads, and one that is specifically about clickbank. There are services like Leadpages and optimizepress where you don't need any programming skill.

    I am not gonna rewrite what is free and public knowledge. There is no secret. You just have to take action and experiment.