Everybody wants to make money online. For people that have yet to succeed, I believe the best inspiration is to see real-life examples of other people killing it.
Mike Vistel created an eCommerce site using the Shopify platform and took it from making $6,000 in his very first month to now grossing over $1.5 million monthly. The best part is, he lays out the exact 3 steps he took to reach those jaw-dropping numbers.
Before I share with you the 3 step process he attributes to making serious money on Shopify, let me go over some of the basics first.
What is Shopify?
Shopify is an e-commerce platform that lets anyone set up an online store instantly to make money. Sell crafts or goods you’ve created, or find winning products sourced from your local shops or even overseas. Through the Shopify platform, they take care of all the logistical hurdles that used to hold people with great product ideas back, such as setting up an attractive storefront, processing payment securely, and even shipping.
Why Shopify For Making Money Online
Many of the most successful online shop owners use Shopify. From what I can gather, the main reasons are:
- Low barrier of entry- the lowest plan is just $29/mon, and for that, you get an entire working store, including a blog.
- Very user-friendly backend- the admin panel and frontend templates are easy even for non-techies to grasp.
- A large number of available apps to take your store to the next level, such as the abandon cart app or Orbelo for handling dropshipping with ease.
- A large community so you’re not alone when you need help.
How Mike Makes $1.5 Million a Month from his Shopify Store
Now let’s get to the good stuff. I discovered Mike while researching ways to improve my own Shopify site. I was blown away not just by Mike’s results ($6,000 in his first month), but how candid he was in sharing all the secrets that helped him make so much money from a brand new store.
You can watch the entire video below, but I’ve summarized the key steps Mike lays out for any Shopify beginner to make serious income from Shopify. Read more. Click here!
Step 1: Sign Up for a FREE Shopify Trial Account (Completely Risk-Free, No Credit Card required)
In order to do anything with Shopify, you need, well, a Shopify Account. Click the below button to sign up for a FREE 14-day trial, with no credit card info required:
Use these two weeks to learn all about how the platform works, from the dashboard to posting and editing product descriptions. No amount of reading about Shopify can replace this step.
Step 2: Find a Winning Product
Mike focuses on dropshipping, which is the idea of selling products you don’t actually own or stock. A consumer orders the product from your store, and it is then fulfilled by the manufacturer directly. Shopify integrates nicely with Aliexpress, which is the world’s largest dropshipping marketplace. It lets you sell everything under the sun as your own products, from T-Shirts, gadgets, to jewelry and toys. By buying low from Aliexpress and selling high to Western and other more developed markets, you make money.
Mike’s philosophy when it comes to starting out is simple- less is more. Research and find just one great product you think will resonate with customers, and focus all your efforts on promoting that product first.
As a Shopify beginner, it’s tempting to try to populate your store instantly with tens or even hundreds of products to cast a wide net, but Mike says you’d just be wasting valuable time and resources by spreading yourself too thin. More products do not equal more money if none of them take off.
Product Research is one of the most overlooked yet important steps you need to master in order to ever have a shot at making money with Shopify. See my dedicated post “How to Find Your First Winning Product on Shopify” for actionable tips you can use.
According to Mike, to find a winning product to dropship, the best way is to research on social media such as Pinterest, Instagram, and Facebook, and see what people are actually excited about and already buying.
For example, let’s say your product idea is “Cats T-Shirt“. Go on Facebook, and literally search for that phrase.
Go through the various posts, and look for product posts that have lots of buzz around them- that is, comments, shares, and likes:
Once you’ve come across a product post that has tons of user engagement, including comments signaling buyer’s intent, you want to analyze everything about the post to deconstruct why it’s so successful. Ask yourself these key questions:
“What is it that made this post so popular on Facebook?”
“How long is the headline? What kind of emotions does it invoke? Is it a statement or question?”
“What about the description?”
“What about the product image or video? Is it homemade or professionally shot?”
“Can I extract the most vital aspect of this post and do it for a similar or better version of this product?”
People often spend tons of time testing out products in the dark, when you can literally just turn to Facebook or other social media to get the answers.
Once you’ve found a product that is proven already to be doing well, you can simply sell a very similar product, and incorporate the key viral ingredients that made the original product go viral on Facebook. The chances of you making money from that product just went up exponentially.
Going back to the “Cat T-Shirt” example again, there are two ways to go about creating a similar product to sell and make money from.
You can find a supplier that simply makes plain white T-shirts, and hire a designer on the cheap to create a similar design. Fiver comes to mind.
Another way is just to go to Aliexpress.com, and find Cat T-Shirts with similar traits as the one you found. You can sort products by orders, which is another huge indicator of whether the product resonates with people: Read more. Click here!
“We cannot solve problems with the kind of thinking we employed when we came up with them.” — Albert Einstein
“When you give joy to other people, you get more joy in return. You should give a good thought to happiness that you can give out.”— Eleanor Roosevelt
“Nature has given us all the pieces required to achieve exceptional wellness and health, but has left it to us to put these pieces together.”—Diane McLaren
“Learn as if you will live forever, live like you will die tomorrow.” — Mahatma Gandhi
RELATED TRAINING PROGRAM
WHAT WILL YOU LEARN IN THE CRUCIAL CONSTRUCTION ACADEMY
Learn More about Crucial Construct Academy: Click Here Now!
RELATED TRAINING PROGRAM
WHAT IS THE CRUCIAL CONSTRUCTS ACADEMY
Learn More about the Academy here: Click Here Now!
The Crucial Constructs Academy is a Free Video Training Course Available only to our Readers and Subscribers. A thorough and detailed training available to you. Find out more about it here. Click and Learn
- Why I Was Successful So Fast (The Truth) – Shopify Drop-shipping
- Some Successful Shopify Store Examples
- Products Reviews: How to Add Review Form & Rating Star to Shopify
- I Tried Shopify Dropshipping For 1 Week!
- How to Sell Online Using Shopify