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How to spend around 4 Hrs/week to make$4000/mo?

How to spend around 4 Hrs/week to 

How to spend around 4 Hrs/week to make$4000/mo?

I see many folks posting regarding what business begin|to start out|to begin} however nobody extremely looks to clarify the way to start your business.

Here i attempted to stipulate the precise technique i take advantage of to earn an additional $4000/mo.
I hope that you just will take pleasure in these ideas and reach your monetary freedom.

The best half is that this technique needs solely four hours/week to keep up.
You put in associate initial effort for a handful of months and so collect the fruits of your labor.

Step 1 - Create a store - I used Shopify to create my first store. Shopify basically is a e-commerce site creation platform.
They have a really user friendly platform that you'll be able to use to make a functioning store in but associatehour.

Of course you wish to pay around 4–5 hours to form the shop pretty and customised.

Even if you don’t knowledge to try and do a minor tweak, there are many videos on Youtube which explains exactly how to do that.

If you wish to visualize associate example store you'll be able to check the link in my bio.
Also, you'll be able to American statessage me if you wish facilitate making a store like that.

Choose your Niche - I’m positive that you just have one thing that you're captivated with.
Based on that you just will target folks that are captivated with that specific field.
You should have a transparent niche wherever you aim for an occasional quantity of individuals United Nations agency area unit terribly captivated with the niche you're commercialism in.

If you're a parent, an excellent niche would be baby merchandise.
You might sell items which could make peoples lives easier.
Your story is your biggest point, there are millions of stores around with the same products.
It is the ones who have a better story to sell, who wins the game.
So, don’t simply produce a baby product store and expect individuals to shop for, tell them your story.
Tell them how and why your products matter.
Find low cost merchandise - attend Aliexpress or Alibaba to search out low cost merchandise about your Niche.
Now finding low cost merchandise doesn’t mean that you just ought to sell them low cost, it just means that try to keep your Cost of Goods as low as possible.

You should be ready to realize a product that is $3–5 on these web sites and sell them for $10–15 on your site.
We will talk about this in a second.
Also, don't sell one thing that you don’t assume is value shopping for.
The quality of your product is vital to your success.

Drop ship - Drop shipping is a form of sale without inventory.
You gift the merchandise you wish to sell in your own stunning store and also the client orders the merchandise.
Now that you have the clients address and received a payment, you go to Aliexpress and enter your CLIENTS ADDRESS and ship the product there.
Aliexpress handles shipping and you collect the profit in between, without even spending a penny on inventory.

Market - There area unit few ways in which to promote your store and also the a lot of ways in which you employthe higher.

Instagram account - This is a must.
You have to own associate Instagram account that adds a minimum of fifty followers on a daily basis.
Post 4–5 posts each day about your Niche and merchandise.

Facebook page - Here you will sell your story.
Try finding folks that have an interest within the same niche.
You want to make associate setting wherever individuals area unit excited regarding your niche and your product can satisfy their desires.

Influencers - There are many accounts on Instagram related to your niche which has +200K followers.
You can send them associate email which fits one thing like this.
“Hi, i actually like your content and desire my merchandise would work fine along with your follower base.
How much do you charge for a shout-out.”
They tell you how much it costs, and you send them the post you want them to share along with your URL which you want to attract traffic to.
Some numbers - Let’s say that our niche is playing and you sell fun workplace golf toys.

This is your product:
This costs you $10.28.
We know that golf isn't an inexpensive sport.
So, we will expect our customers to be willing to pay the next quantity than that.
Let’s say we wish to sell it for $30.

We can expect individuals to shop for this mug as a result of, it is

1. A wonderful gift for a golf enthusiast

2. Both functional and entertaining.
Profit during this case would be 30$–10.28$ = $19.72 .
Let’s simply assume there area unit some additional prices and around the range to $18 of PROFIT/sale

Now we have to market it. Remember we were talking about influencers right?
Here is a golf related Instagram account:
Another issue we've to form positive is that they need a high engagement rate.
If they have 300K followers but only 5K people liking their content, it would’t make sense to put your money into.
You should aim for a minimum of two hundredth engagement rate.
Which is calculated by dividing the typical like range by the overall follower range.
Luckily these guys have a high engagement rate:
You can see that 71K people engage with this content. Which means that on an average post you will have at least 30–50K people to land their eyes on your product.
Now comes the fun part. Let’s say that they are willing to share your post and are charging you $15–20 for the post.
·         There are 50K people who are seeing the post
·         Even if 2% go to your website, that is 1000 people visiting the store.
·         Even if you have a %1 sales conversion rate (you will have more, I’m just stating the worst case) you will sell 10 items.
·         That is 10 x $18 = $180 in revenue - $20 for the shout out = $160 profit.
$160 Profit just from a single post with extremely low balling numbers. That’s not bad huh?
Once you hit a stable sale number/day, you can expect the following returns:
·         1 sale a day :$18 x 30 = 1 x $540 = $540/month
·         2 sale a day :$18 x 30 = 2 x $540 = $1080/month
·         4 sale a day :$18 x 30 = 4 x $540 = $2160/month
You get the idea. Consistency is key. And once you reach a stable amount, just keep scaling upwards. Reach out to more influencers and put in more time expanding your facebook/Instagram accounts.
·         You started with just $0
·         You created a killer business in >10hrs
·         In 3 months you can expect +$1000
·         In 6 months you can expect +$4000 or even more
·         Best part is, it takes 4 hours to maintain each week

You can find the 14-day Free trial for Shopify here