A mindset shift is hard for anyone. Most of us believe that we go through school, to go to uni, to get a job and stick at it for life. Work to retirement age (currently 67 in Australia), live for another 20 years on the meager saving’s we have managed to scrimp together, then DIE at 87.
Yes I know that really paints a depressing picture, but that is the truth for the majority of us, or at least a version of it.
Mindset Shift – Easier Then You Think
I have spent many years playing with different methods of earning income outside of a traditional 9 to 5 method of working for a wage.
I have dabbled in so many different income generating methods. Right now I am fully committed to rebuilding my online income, starting with E-commerce.
Now there is plenty of different ways to start here :
- Buying an existing site – Flippa or empire flippers
- Starting your own
- Just focusing on Ebay
- Developing your own product
- Buying and selling other peoples products.
- Dropshiping products
- Full fulfillment by Amazon
- The list goes on
Pro Tip:
If you are a complete and absolute beginner in this area. I strongly suggest looking around your own home, for things you no longer use and list them for sale on Ebay. The stats are – every house has $2500 of unused things laying around the house.
Find it list it and sell it.
So with the above list, there are so many options, yes they are all going to be hard work. But the reward is, either a part time income coming in or a potential full time income coming in.
Where to start
Well this bit is the hard bit. Starting any new thing. Whether it is a new exercise program, or new diet, or a side hustle.
So my advice here, is to take the following steps:
Define your goal
Are you looking to –
- Earn a part time income
- Potentially replace your full time income
- Want to share your passion
- Want to develop a new idea and take it to market.
What ever it is, start there look at what you want to achieve then work backward
My defined goal is – Start a part time business, that is generating $2000 revenue per month.
Now that goal is a short term first goal. My long term goal is to generate a $20 000 revenue per month. But I want to start with a smaller goal in mind.
If you go into to big, its easy to get overwhelmed. Don’t set yourself up for failure.
How will you go about it.
Well my first revenue stream in Drop ship products or physical products for sale online. I will be developing my own website as well as using existing channels. To promote and sell products.
How do I pick a Niche to work in
Well, this one is actually easier then you think. As your self this question
If you have a interest or passion for fishing, are you going to promote Fidget spinners. The obvious answer is no.
You are hopefully going to promote fishing or fishing products specifically.
Pro Tip:
Stick to what you know.
What products should you be promoting
Well you have a few options here as well.
- Physical products – Whether you develop your own or buy form a supplier and sell them
- Non physical products – Design a course and sell it
With the physical products you can sell your own or sell someone else’s.
I am starting with selling someone else’s, being drop shipping.
So I won’t actually own anything physically myself. I will promote other manufactures products on line and sell them.
What are the channels I am using
I am initially focusing on two channels
- My own website
- Ebay
How do I start a website
There are so many different places to go to now. But its all pretty basic.
- Pick a domain name
- Register it
- Buy some hosting
- Host your website
- Build your website out
- Add a logo
- Put content on it
- Promote the content
- Add products to the website
- Promote the products
Pretty easy to achieve. WRONG… its fucking hard work, don’t underestimate it. Depending on your skill level, I’d always suggest build your own website out. You can get websites made for you from about $200 and up. (In the early days I spent $8000 on one website, I can now make that same website for about $300).
I am now at the level of being able to build out my own website, so that’s what I am doing
Effort equals reward
I can not understate this part enough, the effort you put in, will directly dictate what you get back in rewards.
Its also called sweat equity. I first heard that term, listening to a Guy called Gary Vanerchuck. Or as he also likes to say, stop watching Lost and work on your hustle.
Basically if you are sitting on your arse at night thinking that, watching the latest episode of Big bang theory. Is the most important thing you can do you have got it wrong.
Turn of the TV, fire up the laptop and start looking for products you can flog. Start learning how to build out a website.
Resources / Places I suggest you visit
Domains and Hosting
Selling/Buying Platforms
Ebay.com
Etsy.com
Flippa.com
Mindset Motivation
