How To Make 500k ($500) Every month Selling with an Online store and running Meta Ads | Market Place Hack. 2024

 

Like I always say, There are many resources on the internet that will fetch you million of bucks, only if you apply you brains. If you wish to make money watching only entertainment videos, I have got  a blogpost for it, 

Do you know that you can open an online store for free? and sell both physical and digital products on it?

It is very simple to do, but you need all the information you can get to make it a success, right here in this article I will put you on game, so that you can make money for the rest of the year. 

Firstly all you need is your phone, or laptop and a steady internet connection. Let us take a look at the basics.

What is an Online Store :

An online store, sometimes referred to as an online shop or e-commerce store, is a website or digital platform that enables companies to conduct online sales of goods and services. It functions as an online storefront where clients may peruse a product catalogue, make decisions, and finish transactions. Online retailers are becoming a vital component of the retail scene, offering customers a comfortable and easy method to shop from home and businesses a simple means to reach a global audience.

Key Component Of an Online Store: 

1. Shopping Cart
2. Product Listing
3. Checkout Process
4. Payment Option
5. Shipping and Delivery  information
6. Customer Support
7. Customer Account
8. Reviews and Ratings
9. Security Features.

Note : Depending on your web vendor or online store, most website do not possess some of the features above. but they all have the key features. 

Supplier : A firm or people that offers goods or services to other companies or customers is referred to as a product supplier, sometimes called as a vendor or supplier. In the supply chain, suppliers are essential because they provide the products and resources businesses require to create, manufacture, or market their own goods and services. A key component of trade and commerce is the interaction between a supplier and a customer, such as a manufacturer or retailer.

 

Key Features Of a Supplier :

Supply Chain Role : The suppliers are essential elements that make up the supply chain. By guaranteeing a consistent and dependable flow of raw materials, components, or completed goods, they aid in the production process.

Quality and Reliability : The quality and dependability of a supplier's goods or services are important considerations for companies. Reliable suppliers improve the effectiveness and standing of the companies they work with.

Negotiation and Contracts: Contracts and Negotiation: To determine the terms and circumstances of their interactions, suppliers and buyers frequently negotiate. Contracts may include information on costs, delivery dates, terms of payment, and quality requirements.

Business to Business : Many suppliers work with other companies in business-to-business (B2B) interactions, providing goods and services. For instance, an electronics maker might procure parts from multiple vendors.

Business to Customers:  Suppliers interact with consumers directing by serving them products or services directly.

Global Sourcing: In the globally connected world of today, companies could purchase goods from vendors based abroad. Access to a variety of markets, affordable production, and distinctive products can all be obtained through global sourcing.

Meta Ads :  Let us be sincere. the two most biggest social media platforms are both Facebook and Instagram. and they are both owned by MetaVerse. So leveraging this platforms will make you whole lot of money. If you are in Nigeria , have it at the back of your mind that the country's population is over 210 million. and if you get just 10 % of  the population to buy your products you will become a millionaire. Let us create a scenario whereby you have a product that sells for N1000, and you get 2 thousand people to buy it,  (do the math  ) And it is even guaranteed that you can cover more than 2000 customers within a month if you run meta ads. 

Basic Knowledge :

1. create pages for your store or business
2. post your products
3. craft a nice marketing video that will convert
4. add money to meta ad manager
5. create and run ads
6. then watch how customers troop in and buy your products.

Facebook Marketplace: This option in Facebook is familiar to everyone, you post product, if you wish to boost it, you can, you constantly need to be posting on there to be getting little customers until you make sale. but if you want huge customer base then Meta ads is the best decision.

Content Creation marketing : This is unleashing your creative side to market your product. So on the business social media platforms, you have to be creating content with story centering on one of your product, expressing its usefulness and how it will impact positively on potential users. Content marketing is an effective marketing tactic that can raise brand awareness, connect with your target market, and eventually increase sales is content development. 

The following are some efficient methods for using content generation in marketing:

Understand Your Audience: Determine who your target market is and get to know their wants, preferences, and problems.

Provide material that speaks to the interests and problems of your audience.

Create High-Quality Visuals: Employ eye-catching pictures and graphics to highlight your merchandise. Invest in high-quality graphic design or photography to improve the content's visual attractiveness.

Tell a Story: Create engrossing tales about your items that emotionally appeal to your target.

Emphasize the process, sources of inspiration, or principles that went into making your products.

Video Content:

To show off your items in action, make demonstration, explainer, or product videos.

Employ social media sites such as YouTube, Instagram, and TikTok in order to expand your following.

Content Distribution:

Share your content across multiple channels to maximize reach. Utilize platforms like Medium, LinkedIn, and industry forums to expand your audience.

Client References: Display client endorsements and comments on your website and social media pages. Good reviews help you gain credibility and entice new customers to try your items.

When creating content, always remember to be consistent and modify your strategy in response to audience feedback and shifting industry trends. You can establish a powerful brand presence and lead fruitful product marketing campaigns by producing worthwhile, educational, and interesting content.

Now let us explore The strategy, the best online store websites, sources of solution based products and best way to make 600k in a month.

Firstly, you need to open an online store with a good website that is fully optimized, user friendly, and plugin optimized. As an online store owner I will recommend Flutterwave, Vendorstack, or Selar. These websites helps you to create a nice user friendly store. You can also use wix.com too to create an online store. In this stage, you must have created an attractive store name. Set up all the optimized settings in the online website store. 

Choose a Niche : Niche is simply category. if you are selling physical product which I advise.  then you need to check which niche suits you the most. take a look at categories. bathroom accessories, Kitchen utensils, Home decor. duvets, Computer gadgets, phone holders, wireless and smart watches. Content Creation kits.  lighting, mobile gadgets. Air hummidifier etc.

Solution based Product : Solution based product are products that will sole a problem for a customer. You need to research hard  on your niche, what people really need, or which problem need solving. if you find the solution to this problem then you will make a living off of it. 

Product Sources : here you need to decide which audience you want to sell to. International or local. If you choose local ( Nigeria ), then your supply chain should be within the country. If you choose International, then you have to use website like Dropship, Shopify and amazon. 

Now After creating your store, Identifying your product or products, then you source for product suppliers, negotiate prices with them, add mark up prices and ask the suppliers for nice photos, or you can download videos of the product and post on your store. Also remember to set the number of products available, so as to alert the customer to know how many to buy. Then Create social media profile or pages for the store, using the exact store name.  Then Advertisement, awareness and content on your products starts. Get in to meta ads  and create ads on each product you are promoting, If you cannot create video content, find some one who can and have a negotiation with the person so you can make sales.

Now on Facebook ads and Instagram ads is available on my shop.

In conclusion, the emergence of internet retailers has completely changed the retail industry by providing customers all over the world with unmatched accessibility and ease. These online markets have surpassed national borders, giving companies the chance to connect with customers around the world.E-commerce ecosystems have grown faster than ever thanks to the dynamic nature of online retailers, which has also simplified traditional retail processes. Online businesses are becoming an essential part of contemporary commerce, thanks to features like safe payment methods, extensive product catalogues, and customised shopping experiences. The mutually beneficial interaction that exists in the digital sphere between companies and customers highlights how transformational online retailers can be in fulfilling the changing demands of a technologically advanced society. Online retailers will play an increasingly important role in influencing the future of retail and improving our ability to conduct business as long as technology keeps advancing.