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If you don’t know what dropshipping is, it’s a business model where you sell a product to a customer, but the supplier stores, packages, and ships the product to your customers on your behalf. With Shopify dropshipping, you have access to millions of products that you can add to your store. Some Shopify dropshipping apps allow you to hand-pick your product images, edit item descriptions, and give your business a personalized vibe, so people will love shopping with you.
2. Try print on demand
Print on demand (POD) is another popular way to earn money online. Many individuals have adopted this business model because it has lower overhead than other businesses.
Print on demand is similar to dropshipping in the sense that you don’t need to carry inventory or ship out products to customers yourself. There are two slight differences, though. First, you can make your own custom products, which is great for brand recognition. Second, you can choose from specific items rather than a vast range of categories. Most print-on-demand companies offer products that are easy to print on, like t-shirts, mugs, and tote bags.
The best way to make money with your print-on-demand business? Free marketing channels. Your best bet would be to promote your products for free on Instagram and Pinterest, and through social media influencers who convert their audiences well.
You can get a complete overview of print of demand versus dropshipping by watching us get into a healthy debate with Wholesale Ted about the pros and cons of each business model.
3. Make money with affiliate marketing
Affiliate marketing is one of the most popular ways to make money online. Throughout the years, its popularity has gone up and down, but it continues to be a stable way to earn through the internet. The best part about affiliate marketing is that you choose from a vast range of companies to partner with, including Shopify, Amazon, Uber, and FabFitFun.
Affiliate marketing allows you to earn a living by promoting other brands. If you’re a savvy marketer, you can earn a commission from sales by promoting retail products, software, apps, and more. While earning a commission may seem small, keep in mind that you can be an affiliate for several brands and include several affiliate links on a single blog post.
If you really want to make money online doing affiliate marketing, your best bet is to focus on content marketing. By building out a blog with several pages of high-quality content, you create an asset you can call your own. Strategically place affiliate links in your blog posts to drive traffic to your affiliate partner’s website.
4. Start a YouTube channel
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