This will not allow you to retire-at-40, but it will give you some breathing room. This is about taking the pennies and making it up in volume. We have looked at different ways to make money on the internet and I going to provide a technique that is becoming quite popular.
The concept is to buy something abroad a cheap price, resell it on your website and make about $5 per transaction. The idea is to first find a product that is somewhere between $1 and $4. Then sell it on your own site. Place ads with Facebook Advertising. Then take the sale from your website from your site and then place the order on the source site.
So we recommend using Ali Express to source the product. This is where you can look through niches and decide what product to sell. then create an account on Shopify. When you advertise on Facebook, you will need to create a Facebook Pixel for conversions. The satisfy the order by placing it on Ali Express and drop ship to the customer.
If you sell the product for $10 and you bought it for $3 and spent $2 on Facebook conversion, then you make a $10 profit. The idea is to do this 10 -20 times per day.
When you take advertisements on Facebook, you run several. One with a broad appeal , then another with more of a focus and then another with even more of a focus. After a couple days continue with ads that are working and stop the ones that are not.
This is simply a technique that is a rinse and repeat over and over again. The more comfortable you get with this process the more you can evolve to make even more money. It is important to understand the basics before getting more advanced. Good luck making money and pushing towards that goal of retiring-at-40.