How to Create an Online Store That Nets $60K+ Annually

What Are The Secrets?

Some Crazy Magic

Idea

$60K+Income

Process Set up business entity Determine what to sell Set up dealer accounts Set up hosting and shopping cart Get a merchant account Publish products Drive traffic Fulfill orders

Business Entity Utah LLC - $70 Utah States Sales Tax License - Free* Federal Tax ID – Free*

*The government doesn't really give away free stuff, but in this case the up front costs are $0.

What to Sell?

Something you like or are interested in:− You'll need to write a lot about it.

Ease of Fulfillment− Don't sell $10 items that cost $50 to ship.

High Return on Time− $100 - $1,000 range− Don't sell scrapbooking eyelets that you

have to hand count.

Product IdeasFind a Niche

Horse tack Educational Products Yacht Parts Testing Equipment Tactical Gear Emergency Safety Products Quilting Supplies

How to Find Suppliers

Find manufacturing associations− NSGA

Look for “Master Distributors” Try this search: “become a dealer”

or “dealer login” Don't buy a drop-ship list!

Hosting/Shopping Cart Hosted Solutions:

− BigCommerce is a good one.− Don't use Shopify.

Shopify doesn't allow sub-categories

WordPress/WooCommerce− Powerful publishing− More control− Requires more technical involvement

Merchant AccountAccept Credit Cards

Discount Rates: normally around 3% PayPal 2.4% flat, no monthly fee

− Michael Hendricks: 480.496.3197 michendricks@paypal.com

Elavon (Costco business services)− Use with Authorize.net gateway.

Building Your Store

Keyword research – Google AdWords tool Create categories and sub-categories that

will naturally attract traffic Add products and images – SEO friendly Create lots of “Entry Points” for traffic to

your store

Building AuthorityAnd Relevance

Introduce Your Website to the Internet Foundational Links:

− Yelp.com

− Foursquare.com

− Matt Cutts Blog – submit a helpful comment with a link to your site

− HubPages

− Ezine Articles

− Deseret Connect – KSL.com

InternetYour Website

“Introducing” your site to the internet includes creating avenues to your home page and internal pages on your site.

Slingshot Effect Develop Social Media Accounts

− Twitter− LinkedIn− Reddit− Google +− Facebook− YouTube− StumbleUpon

You can get started developingThese even before you have your online store ready.

Diving Deeper

Udemy course coming soon with 20+ hours of contentcovering each of these topics in much greater detail.

Follow me: Twitter @richaned Google Plus: +RichardRobbinsUtah