As a reporter at CNBC Make It who's covered some of the most incredible ways people have made money online — including a 28-year-old whose company has made millions buying things at Walmart and reselling them on Amazon and an entrepreneur who started selling board games out of his living room — I was curious to find out if it was as easy as they made it seem.
In week one of the experiment, I landed on the idea of selling crypto-themed apparel. In week two, I bought a domain, created designs to print on shirts and set up a Shopify account linked with print-on-demand service Printful to minimize the amount of labor I'd have to do once the business was up and running. I won't have to fulfill, print or ship anything myself.
The first post that went up in the /r/Bitcoin subreddit a day after launch garnered over 5,000 views. The traffic led to one sale, then two, then nine by day's end. Plenty of others who saw my posts disagreed — to the tune of over $1,200 in sales just after CryptoCrow.co's first week. In all, the work amounted to about a 40 percent profit margin .
"Facebook is great to acquire customers because you can hone down so insanely well," he says."The data on each individual is astounding. … Before, this kind of consumer targeting would have cost hundreds of millions of dollars." It's a large part of what Chapman teaches in his online marketing course, Academy of Arbitrage.
Using both, I set a budget of just $3 a day and let Facebook take care of the rest. Unfortunately, the Facebook ads I tested weren't met with nearly the same success as the Reddit posts and no sales have yet come in as a result. Chapman assures me that iterating on ads to find what works is all part of the process.
lucky him. Happy for him. Those early 18 mos challenging for most small business persons gvn what can/ usually happens Nthose early months. Sadly had to work harder to keep mine going for the time I had it.
This is a very predatory news report, because you guys must be aware that every idiot with an over-inflated view of themselves and no skills of any kind harbors the delusion that they're going to get rich making t-shirts!
What a tool
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