So, you are wondering how on Earth is possible for you to make $1000 a day?
These answers from people who are actually doing it might be helpful!
Article adapted from Quora.
“I invested $15 on Facebook ads, got my ad featuring 3 sandals for women shown to over 250,000 people and got thousands of visitors to my e-commerce, a simple website for which I paid 20 dollars a month to maintain”, says one Quora user.
Thing is: He didn't have the sandals. He had a supplier who would send it for him. The 15 bucks on ads he paid by credit card which wasn't his own, it belonged to a close friend of his.
15 bucks? Really? Yes. He got over 10,000% ROI (return over investment).
So, what happened? Despite several basic mistakes that could have made him sell over 10,000 in a single day, he got dozens of orders, received the money via PayPal and deposit, paid his supplier, who sent the sandals, women got happy, he paid the 15 bucks he owed his friend and they were all happy!
Another Quora user succeeded making $1000 in less than a month by selling iPhone cases.
When he was younger, he learned about Alibaba when was looking up iPhone cases to buy online.
He found a supplier who was selling them for <$1 each. At the time, it was tough to find a nice case in stores for less than $25.
So, he contacted the supplier and setup a "sample" purchase order for 100 cases. He negotiated to get free shipping. $100 later and a couple weeks of waiting, he received a box with his 100 cases, with a few bonus ones to entice him to become a bigger customer.
He built his first sales strategy: post on MySpace (this was years ago), sent emails to his small list of contacts, texted some friends, and on the weekend, he decided to stand outside the mall where an Apple store was, to ask people if they wanted to buy a case.
Long story short, he sold about 80 cases in one long weekend, most in front of the mall and he set the price as "whatever you think it's worth - like a donation". He was surprised when many people were giving him $20 bills and buying several at once. Of course, many gave him $5 and some wanted to give me less, but he then mentioned $5 was the minimum.
In less than 1 month, he had made his first $1000 in profit selling iPhone cases.
As a third Quora reader says, usually it doesn't happen all of a sudden. You work up to a time where you make 1000 a day.
Let's say you make an app. You'd go about it the same way. Do things to promote it. Get more followers and downloads. You'd work to get your app featured. You'd make a website about your app. You'll try to improve your app by understanding your users. A day will come when millions of people use your app thus earning you x amount of money from app advertising and in app purchases.
Start simple and work up, he says.
Original Publication: September 18, 2015
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