Lesson 3: Start a Money-Making Online Business for $50

You could start a business for $50.

This is not a joke.

Granted, you probably won’t produce thousands of dollars in profit instantly.

But you will be able to start buying and selling products from anywhere in the world. You’ll also get a feel for how this business works in the real world.

Today I’ll show you how entrepreneurs around the world are making money in this market right now.

Tens of thousands of people use this model to make incredible incomes (in some cases to the tune of several million dollars). The best part is a lot of these people are working from anywhere. It’s perfect for carefree entrepreneurs with an eye on a travel-rich, international lifestyle.

So how do you do it? Simple. You leverage the power of the Internet three ways:

  • Find the hottest selling products online instantly (a few clicks and you’ll have all you need to know).
  • Find a trustworthy overseas supplier for these products (and forget about large inventories or storing products in your garage).
  • Sell your products to qualified buyers that are ready to buy now (without complicated websites, software, or technology).

And there’s already a massive online marketplace that connects overseas suppliers and entrepreneurs like you looking to import and then sell products on the Internet. You will be amazed how easy the site is to use. You can find almost any product that comes to mind. You can find everything from yoga mats or bird feeders to external hard drives or bulldozers.

To find out what’s selling, take a quick look on Google Product Search, Amazon, and eBay Pulse. These display some bestselling products instantly. Today thousands of products fall into the “hot” category. But electronic gadgets such as cell phones, laptops, tablet computers, MP3 players, and flash drives are selling like hotcakes.

All you have to do find a supplier for hot-selling products and you’ve unlocked a major money-making potential.

And to find out who is selling, there are sites like AliExpress, Amazon Fulfillment Program, Taobao (China’s eBay), and Etsy.

For example, you’ll find dozens of companies and suppliers offering iPhone 5 protective cases for under $1, and this includes free shipping. On eBay we can see these items sell for $3.79 to $7.99 and up.

You could easily import six of these products for under $15. Then you could post your iPhone covers for sale.

If you purchase a product for 60 cents and sell it for $3.79 your profit is approximately $3.10 per item. If you sell 100 items the approximate profit would be $310.

That’s not bad for a few minutes of work.

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