Christmas? Wait that’s 16 weeks away!

Yes I know that’s a long ways away but were going to change gears with our Weekend Projects. Wouldn’t you have a better Christmas if you had an extra $500 to spend? Were going to go through the steps to create an online business that you can follow along with. Like our previous projects this will be a step by step process so you can recreate it yourself.

The goal of our project is to make $500 profit over the next 16 weeks from online sales. So how do we do that?

Step 1 – Determine Product
Before we do anything we need to find something to sell. The easiest way to sell a product is to find companies that drop ship. Finding these businesses is not easy. There are a lot of sites that will sell you a monthly subscription at $49.95 and a few that will sell you a one time subscription at $300+ to access a list of drop shipping companies. After searching for awhile I found one that fit my own needs that lists Canadian Drop Shipping companies. I also liked how the price was only $10 a year which is a low investment.

Now that I have a list of products which one should I choose?

• Pick only 1 product to sell so you can be a niche.
• Choose something you are passionate about.
• Choose something that you can markup.
• Choose something that has a well defined target market.

What did you pick?
I found a local retailer that I have a good relationship with that will allow me to do drop shipping through him. He does not normally do it but because we are friends he is willing to give me a good deal. The product I am picking is the Creative Vado which I am passionate about because I think it is a great product. I am also picking my target market to be Canadian parents between the age of 25 and 35.

Next steps?
Next week we will go over getting a site online and choosing a merchant provider.

If you are interested in participating post a comment on what product you are choosing and we will contact you for updates as we go through to see how your doing. This will also allow me to customize the examples to help you with what your selling.