HOW TO GO ZERO-$5,000/MONTH WITH DAILY DEALS
Note: This post contains affiliate links. This means that I may receive a small commission (at no cost to you) if you subscribe or purchase something through the links provided. You will never see me post a link to a product or service that I don’t use myself or truly love! (Learn more here)
We’ve all heard of daily deals, right?
These are the deals that are typically marketed online, featuring products marked down 70%-90% off! How cool would it be to earn $5,000/month or more selling these kind of deals?
Well, you definitely can, AND it’s not as hard as you think. The best part, you can see these results in as little as 30 days (results not guaranteed and can vary).
Check out these super easy steps to go $0-$5,000 month with daily deals:
CREATE A BRAND
To sell daily deals, first things first, you must be a business. If you are not a business owner, you can become one pretty easily.
- Pick a business name
- Pick a business form (sole proprietor, LLC, etc.)
- Get a tax ID
- Open a PayPal and Dwolla account
- Open an online store
PICK A BUSINESS NAME
Brainstorm and pick a business name.
There are name generators out there that can help you pick a name. Check out this one below by Namemesh.
PICK A BUSINESS FORM
There are some interesting reads on Legal Zoom which talk about business forms, pros and cons of each, etc.
GET A TAX ID
Check with your state about the procedure and process to obtain your tax id.
OPEN PAYPAL AND DWOLLA ACCOUNT
PayPal and Dwolla will be your primary payment so you’ll want to get these accounts set up.
OPEN AN ONLINE STORE
You can many routes here. If you want to go the FREE route, I recommend you open a Facebook store. There are also marketplace stores like Storenvy that offer a free store. For a paid store, Shopify, BigCommerce, Square, and Volusion are all options that are available.
APPLY TO DAILY DEAL NETWORKS
Apply to daily deal sites and THERE ARE A TON! Here’s a short list of some that you can apply to:
Look for the “Get Featured” or “Become a Vendor” link to apply.
It’s not unusual for it to take a few weeks to get approved.
This is totally fine, because getting your tax id, business form, etc. will also likely take a few weeks to get set up. Once you are approved, its time to list your first deal!
By this time, you’ve figured out what kind of store you are. You sell women’s apparel, home goods, baby goods, etc. Whatever you decide, it’s time to pick your first deal item and pitch your idea. After your successful pitch to the deal company, stock up on your product.
Most deal companies require a minimum sell-through of 50-100 items. You’ll need to meet this minimum. I recommend selling the minimum on your first sale, to get a feel for your audience and to determine how successful your sale is. If you sell out or nearly sell out, you can always relist your deal and increase your inventory.
Some wholesale vendors:
Order your product, take attractive photos, write your description and post your deal! After your deal has ended, fulfill orders and enjoy your payout. Rinse and repeat!
Successful deal-only stores can make 5 figures easily, by successfully launching 2-3 deals per week.
What product will you be selling?
Check your Domain Ranking
WEALTHY AFFILIATE: The best beginner blog training I have taken. It spells everything all out! 7 phases total and helps with everything from setting up your blog on platform to PPC advertising to Facebook and more! Truly amazing. Highly recommended.
BLUEHOST: Amazing web hosting starting at as low as $1.95/month! Streamlined set up and easy integration with WordPress. Check out The Foolproof Way to Start a Blog. Bluehost is currently the host used for this blog, Drink Coffee & Prosper. Highly recommended.
CONVERTKIT: Newsletter services to your subscribers AT ITS FINEST! I have to admit, I am not a techie, AT ALL! ConvertKit makes it all so easy. Lots of easy tools, streamlined newsletter creation, affordable packages. It takes me a few minutes to shoot out a newsletter to the blog’s thousands of subscribers. Easy peasy. You’ll love ConvertKit!
BOARDBOOSTER AND TAILWIND: I’ve tried these Super Pinning tools separately but I have BOTH! The minute I made that change, my repins increased by 200X, no joke! I love the features and tools from both. You’ll like the simple, easy navigation of Boardbooster. Not too complicated at all. Tailwind has tribes! Another awesome way to connect and grow your pins exponentially. They are both very affordable. A must have and my secret weapon for exploding my blog pageviews!
MAKING SENSE OF AFFILIATE MARKETING COURSE: Join the ranks of Michelle Schroeder and be on your way to earning $50,000/month in affiliate income like she does! In fact, she had a record SIX FIGURE MONTH in July 2016! Learn from the very best. Read my full review of her course on my post, Making Sense of Affiliate Marketing Reviewed.