WEBVTT 00:00.080 --> 00:00.620 Okay. 00:00.620 --> 00:01.550 Fantastic. 00:01.550 --> 00:07.460 You made it to essential number one, the very first step in understanding this business model and perhaps 00:07.460 --> 00:09.500 changing your life altogether. 00:09.500 --> 00:15.140 So in this lecture, what I want to do is to explain to you how you will make money, which of course 00:15.140 --> 00:16.340 is why you're here. 00:16.340 --> 00:22.130 And to do that, I'm going to give you a very high level overview of how the business model works. 00:22.130 --> 00:26.240 So don't worry, I'm not going to go into enormous detail at this point. 00:26.240 --> 00:31.640 Of course, as the course develops, you're going to see how much information I'm going to share with 00:31.640 --> 00:31.940 you. 00:31.940 --> 00:38.180 But at this stage, I just want you to begin to appreciate how exciting this opportunity can be. 00:38.180 --> 00:44.270 So the very first thing we're going to do is to build out your very own store, your very own Shopify 00:44.270 --> 00:44.840 store. 00:44.840 --> 00:49.550 And as I said previously in the last lecture, Shopify is an amazing piece of software. 00:49.550 --> 00:54.110 And so if you're thinking right now, oh my goodness, I've never done anything like this before. 00:54.110 --> 00:56.030 I've never built my own store. 00:56.030 --> 00:59.720 Please don't worry, Shopify is all point and click. 00:59.720 --> 01:01.880 You don't need any technical knowledge. 01:01.880 --> 01:06.920 And as you're going to see in the next couple of lectures, you could have your very own Shopify store 01:06.920 --> 01:09.530 for free within just a few hours. 01:09.530 --> 01:13.970 So once you've built your store, the next thing you're going to want to do is to fill it with best 01:13.970 --> 01:14.990 selling products. 01:14.990 --> 01:20.180 But these aren't going to be physical products because you are never going to have to stock anything. 01:20.180 --> 01:26.000 We are simply going to be putting images and text, much like you would see any e-commerce store on 01:26.000 --> 01:26.720 the internet. 01:26.720 --> 01:31.640 But of course, when people do start buying from your store, you will need to send them the product. 01:31.640 --> 01:33.590 So how are we going to do that? 01:33.590 --> 01:38.870 Well, that's where one of the key benefits of the course comes in, because I'm going to be showing 01:38.870 --> 01:45.260 you how to source products from low cost suppliers where the prices are incredibly attractive. 01:45.260 --> 01:47.270 So let me show you how this is going to work. 01:47.270 --> 01:55.910 By way of example, let's imagine on one of our low cost suppliers, we have found a t shirt for $10. 01:55.910 --> 01:59.720 Now I want to say straight away this is not about selling t shirts. 01:59.720 --> 02:05.330 You can sell t shirts if you want, but you can sell absolutely anything, anything you want. 02:05.330 --> 02:07.340 You can sell using this model. 02:07.340 --> 02:12.590 And I'm going to be showing you throughout the course how to identify best selling products that your 02:12.590 --> 02:14.030 customers will buy. 02:14.030 --> 02:19.040 But at the moment, and just because it's a really easy concept to understand, let's imagine we have 02:19.040 --> 02:19.880 a t shirt. 02:19.910 --> 02:24.050 Now, as I said before, you are never going to stock anything. 02:24.050 --> 02:29.030 So the only thing we want to take from our supplier are the images and the text. 02:29.030 --> 02:32.630 So you will take those and you will put them on your store. 02:32.630 --> 02:36.470 And then the only thing you're going to change is the price. 02:36.470 --> 02:40.580 You will sell this t shirt in this example for $30. 02:40.580 --> 02:45.410 I'm pretty sure you're already starting to see how you will make money. 02:45.620 --> 02:51.770 So having set that up, of course the next step is that you want customers to come to your store to 02:51.770 --> 02:53.300 buy your products. 02:53.300 --> 02:58.970 And a huge part of this course is I'm going to show you how to do exactly that for free. 02:58.970 --> 03:05.210 I'm going to teach you some incredibly powerful free traffic techniques so that customers like this 03:05.210 --> 03:08.180 one will come to your store and buy. 03:08.180 --> 03:14.810 And so in this example, step one of how this works is that the customer comes to your site and buys 03:14.810 --> 03:20.150 the t shirt for $30, meaning you now have $30 in your hands. 03:20.150 --> 03:23.000 Now, as you know, you don't hold any stock. 03:23.000 --> 03:31.400 So what you will do now is go over to your supplier, buy it for $10, and asked the supplier to send 03:31.400 --> 03:35.510 it to drop, ship it directly to the customer. 03:35.510 --> 03:39.230 And it's at that point the customer will then put on their t shirt. 03:39.230 --> 03:46.160 And what that means, as I'm sure you can see, is that you just made a profit of $20 from just one 03:46.160 --> 03:47.540 single sale. 03:47.540 --> 03:56.510 So all you then need to do is to repeat steps 1 to 3 over and over to build an absolutely amazing business. 03:56.510 --> 04:03.470 So I sincerely hope at this point you're starting to understand why this opportunity is so exciting. 04:03.470 --> 04:09.080 But if it is still a little bit unclear, or perhaps you're feeling a bit overwhelmed, please don't 04:09.080 --> 04:09.680 worry. 04:09.680 --> 04:14.480 As you go through the course, it will become clearer and clearer very quickly. 04:14.480 --> 04:19.760 Now, the advantages to this business model are numerous, but I do just want to take a moment to talk 04:19.760 --> 04:21.710 about the key advantages. 04:21.710 --> 04:27.860 The first one being that this has a very low cost and as you can see, very high profit. 04:27.860 --> 04:31.160 The perfect formula for any successful business. 04:31.160 --> 04:35.150 Because of course you don't need to pay to stock any products. 04:35.150 --> 04:40.430 You're also not going to be involved in sending any products because the supplier is going to do all 04:40.430 --> 04:41.480 of that for you. 04:41.480 --> 04:47.450 And in addition, as I said before, I'm going to be teaching you free traffic techniques so that you 04:47.450 --> 04:51.110 can drive your customers to your store for free. 04:51.110 --> 04:55.820 And that combination means that this business model is very easy to scale. 04:55.820 --> 04:59.780 You might be here thinking, I just want to make an additional $1,000 a. 04:59.920 --> 05:01.810 Month as a part time business. 05:01.810 --> 05:04.810 You might also be here thinking, well, I want to make way more than that. 05:04.810 --> 05:09.130 I want to make $10,000 a month or possibly more as a full time business. 05:09.130 --> 05:12.610 You can absolutely do that with this business model. 05:12.610 --> 05:15.040 There really is no limit. 05:15.040 --> 05:19.390 In addition to that, this is very quick and easy to set up. 05:19.390 --> 05:25.000 You don't need any technical skills and you don't need any e-commerce knowledge because everything that 05:25.000 --> 05:28.570 you do need, I'm going to be teaching you on this course. 05:28.570 --> 05:32.170 And then having set up your business, you can run it from anywhere. 05:32.170 --> 05:36.580 You could run it from your home, you could run it while you travel, or you could live what they sometimes 05:36.580 --> 05:42.280 refer to as the internet lifestyle, something I've been doing for over 20 years, and I really don't 05:42.280 --> 05:45.310 see any reason why you couldn't do that as well. 05:45.310 --> 05:51.730 And then finally, and this is super important, I want you to know that I am here for you, to help 05:51.730 --> 05:59.710 you in every possible way that I can to help you succeed, because I guarantee the best support I am 05:59.710 --> 06:02.020 a certified Shopify coach. 06:02.020 --> 06:08.140 I've been doing this, as I said, for over 20 years with a variety of businesses, and in addition, 06:08.140 --> 06:15.070 I am one of the best selling e-commerce coaches on Udemy with over 100,000 students for this course 06:15.070 --> 06:15.850 alone. 06:15.850 --> 06:20.350 So I really hope you're excited about how you will make money with this business model. 06:20.350 --> 06:24.730 And as I said before, if you're still a little bit confused or you're feeling a little bit overwhelmed, 06:24.730 --> 06:25.990 please don't worry. 06:25.990 --> 06:29.770 It will become clearer and clearer as we go through the course. 06:29.770 --> 06:36.430 But of course, the key thing at this stage is if you do want to succeed, you will need to take action. 06:36.430 --> 06:40.150 That is the biggest difference between success and failure. 06:40.150 --> 06:44.800 I'm going to give you all of the skills, all of the knowledge that you need to succeed. 06:44.800 --> 06:47.830 But at the end of the day, it's up to you to make it happen. 06:47.830 --> 06:50.920 So with that in mind, let's do exactly that. 06:50.920 --> 06:53.410 In the next lecture, you're going to see a link. 06:53.410 --> 07:00.040 I want you to click on that link to kick off your free Shopify trial and begin setting up your Shopify 07:00.040 --> 07:03.550 store, your very first step on your way to success.