Fastest Way To $500 Per Day With Shopify (Fred Lam Interview)
Imagine how YOUR life could be changed with results like these:
Watch The Interview Of The $20,000,000 eCom Master Himself:
1 – Find your GOLDEN Product
Finding the perfect product can be EXTREMELY complicated. However, we love certain tools to make out lives easier.
Watchcount allows us to cross reference with eBay to check what is selling extremely well.
You can even use the AliExpress best sellers listings to find some of the highest selling and BEST selling products (recommended for basic research).
However, you want to make sure whatever market you tap into NEEDS what you are trying to sell. If you are trying to sell something your audience DOES NOT WANT.. you will have little to no success.
However, when you are looking for a product just keep in mind that you want to find something you can offer upsells with.
For example if you start off with a burger you can upsell fries. If you start off selling a shoe you can upsell socks, laces, etc…
2 – Run FaceBook Ads FIRST (instant feedback)
For some reason 90% of people think the ‘grass is greener on the other side’ meaning that everyone thinks its MUCH easier to advertise on another platform OTHER THAN FaceBook.
The truth is you want to start off with FaceBook Ads so you can easily growth hack your way into any market and start generating sales and a consistent flow of revenue.
Once you master the art of FaceBook ads you can SCALE INTO Google Traffic.
Let me explain in a few moments.
3 – Sell Higher Priced Products
When it comes to higher price products you MUST start getting involved.
To many eCom store owners are AFRAID of raising their prices or having it as a ‘premium’ price.
Here is a complete mindset shift: With one of Fred’s store his average order is $2,000+. Yes that is average order value.
Meaning YOU need to start using this pricing strategy.
4 – Increase Perceived Value
This goes hand and hand with #3.
If you can easily increase the PERCEIVED value (what people THINK its worth) you will be able to sell it for ANYTHING you want.
Think about this…
In the pharmaceutical world (we want to use a MASSIVE Billion Dollar Market for this example)
Generic prices are $21 compared to brand name $80+
People perceive the BRANDS as better quality and will work much better.
Same thing in eCommerce.
The way you make people PERCEIVE your products Weill be a direct reflection of how much you can sell your products for.
DO NOT BE AFRAID TO INCREASE YOUR PRICE ON HIGHER QUALITY PRODUCTS!!
5 – Scale To Google Search Traffic
When it comes to scaling Fred has been able to build a MASSIVE empire using NOTHING but Google Search.
When it comes to Google you need to remember…
Your customer isn’t going to FaceBook and typing in “Buy XYZ” the are going where?.. Well, lets face it… GOOGLE!
That means they are BUYER traffic. FaceBook is INTERRUPTION traffic.
When it comes to Google Adwords its NOT EASY however, its massively profitable if you know what you are doing.
Our suggestion is to MASTER FaceBook before you ever get started with AdWords.
If you have ever tried to create FaceBook ads and FAILED miserably we have JUST the training for you.. oh, and let me mention this before we get started. Its 100% FREE. On us!
You will learn
- How to PROPERLY target in 2017 onwards
- Quickly and affordably start generating sales on command without breaking the bank
- Knowing WHERE to find buyer traffic on FaceBook and how to rapidly optimize for it
- And SO MUCH more
Register for the free training here. We look forward to helping you achieve your goals and look forward to hearing from you once we do.
CEO, eCom Dudes