To start your own online business that you can run on auto-pilot, start with these two things:
- Sell Products
- Start on Amazon
An online product business can run without your physical presence. Products sell while you’re sleeping. Or sick. Or on vacation. They sell around the clock.
Products sell when it’s freezing outside or your car won’t start or the kids have the flu. Nothing can stop you from making money in a product business except running out of stock.
Once you get your product online and people are buying it, all you have to do is reorder stock to keep the cash flowing. It’s the closest thing to an automatic cash machine you’ll ever build.
If you want to catch fish, go where the fish are. Amazon has over 300 million customers online (with credit cards on file) and that number grows every day. They dominate online retail, owning half of the market.
And… online retail is still very young. Compared to total retail sales, online retail is only 11.7% (1). It’s a huge growth industry — and there’s never been a better time to get in.
Plus it’s never been easier to get started. There are thousands of products already being made that are not sold on Amazon. You may think that Amazon stocks everything already. They don’t.
Amazon has created great tools for sellers and the know-how available in the seller community is now quite mature.
How Do I Get Started?
What you don’t do is rush out and spend thousands of dollars on your first product, hoping for the best. There are safe, proven ways to get started even if you know nothing about online retail. That was me in early 2016. Now I have three successful products selling online.
Check out my Amazon story.