Magic Income Ideas #1 and #2 - Dropshipping and Copywriting

Hi there everyone

This will be the first in a series of posts that will hopefully educate you on various forms of income. To kick things off we're start with Dropshipping and Copywriting.

Dropshipping

Let's start with Dropshipping. Dropshipping is where you sell someone else's product on their behalf but market it yourself. The below image summarises the process nicely

You'll need a few key elements to run this process and start generating income:

• A product - This is key. It should be something ideally with a unique selling point and in a focused niche.

• A supplier - When you have a said product, you need a supplier who is suitably stocked, with reasonable prices that will allow you to profit.
• Marketing - The product you pick then needs to be marketed to your customer base in a manner that will get them to pick your product vs. the competition. Social media is a good way of doing this.
• A storefront - Finally, you'll need a storefront from which customers can put their delivery details in and - crucially - pay you money.

This method of e-commerce is great for beginners in that it doesn't require any real storage on the seller's side. All they need to worry about is selling the product to the masses.

If the above sounds like a income stream you would like to pursue seriously, then consider looking at SaleHoo who offer training resources guiding you through the whole process and even have their own directory of trusted suppliers to help you get the best products out to your customers.

Click HERE if you're interested. Alternatively, you can always run a quick YouTube search to find many dropshippers who can impart their wisdom onto yourself. Just remember to take action after you watch.

Copywriting

Alternatively, you could enter the world of copywriting. For those unfamiliar, here's a brief explanation:

Crafting written text in order to inform, inspire or persuade. In most cases, this is used to increase sales and conversions.

You'll have come across copywriting in everyday life and will have been influenced by it on countless occasions. It's the foundation of all sales transactions and is an essential skill when it comes to making money in business.

The barrier to entry is non existent - anyone can start copywriting with just a social media account and the willingness to understand what their target audience needs and want. Forms of copywriting that can be created include:

• Video scripts
• Blog post headlines
• Webpage meta descriptions
• Outreach emails
• YouTube video descriptions
• Podcast descriptions
• Interview questions
• Facebook posts
• Press releases

For those learning the ropes in business, copywriting will help you understand how to find needs and wants and convert them into profitable business leads.

If you want some help to generate your copywriting content, here's a link to Copyblocks, a multi-language marketing post AI that can help you create human-written like content for multiple platforms. Click HERE to learn more.

Looking for more ideas?

If the above has been of benefit to you and you wish to learn more about potential income streams you could adopt or ways of saving money, then consider looking at the Money Magic Blog on its various platforms HERE.

New posts are added daily across all platforms with the intension of building a reliable source of financial education for all. This goal is of course not possible without your help so feel free to feedback here and across all of our platforms.

Thank you for reading and I look forward to sharing more financial wisdom with you in the future.

G