no one can do things i can do, so i will make a thread explaining some about money

[MVP]

so basically if you want to make money you need starting capital

which i dont have

ok lets say you have it

you need to create a shopify website. dont waste your time selling on other platforms like amazon or ebay, they are way too competitive and high barriers of entry.

now you have a shopify website

now you need a product you can buy from somewhere (source) and sell it for more than you paid. like order in bulk, and store it somewhere.

so now you have a product.

here comes the hard part.

you need to describe your product on your website, make the website beautiful, good copywriting listing the advantages of the product.

you need to create a bank account or paypal to receive payments.

you have to be able to fulfill the order when someone orders, you gotta somehow implement and email system where people get their tracking links, and followup emails. i dont know how to do that. maybe its all already integrated into shopify? i dont know how good the current status of commercial shopify websites are

now comes the extremely hard part: you need to get traffic. i absolutely dont know how to do that.

ok thats basically it thats how you make money.

create many websites with many different products. i would say 1 product per website. seems easier.

there are tons of other things u have to be careful, like creating an impressum, dont know the english word, basically your business details like your name

you gotta create a company, know legal things, pay taxes, possibly even patent or trademark your products.

ok, i wrote this all myself, now comes the chatgpt expansion of my text:

Spoiler

Sure! Here's an expanded version of your text with more detail and clarification:

So basically, if you want to make money, you need starting capital.

Without initial capital, it's very difficult to create a business that generates profit. Starting capital helps you cover the basic costs like setting up a website, buying inventory, and marketing. If you don’t have it, you’ll have to find ways to save or secure it through loans, investors, or other means.

Ok, let’s say you have it.

Once you have your starting capital, you're ready to take the next steps. It's important to understand that making money through e-commerce requires a bit of investment upfront, both in terms of time and money.

You need to create a Shopify website. Don’t waste your time selling on other platforms like Amazon or eBay—they are way too competitive and have high barriers to entry.

Platforms like Amazon and eBay might seem tempting because they have huge audiences, but the competition is fierce, and it’s hard to stand out. Plus, these platforms charge fees, and their rules can limit how you run your business. Shopify, on the other hand, allows you to create your own online store and have full control over branding, marketing, and customer experience. It’s a great platform for building a business with your own identity.

Now you have a Shopify website.

Once your Shopify website is set up, you need to start thinking about the products you’re going to sell.

Now, you need a product you can buy from somewhere (source) and sell it for more than you paid. You can order in bulk and store it somewhere.

Finding a product is key to your business. It’s not enough to just sell anything; you need to pick something with good profit margins. You can either source products from wholesalers, manufacturers, or dropshipping suppliers. If you go with dropshipping, you don’t need to store inventory, as the supplier ships directly to your customer, but that model typically offers lower margins. If you order in bulk and store products, you control the process, but you’ll need to manage inventory.

So now you have a product.

Once you have a product, it’s time to list it on your website. But here’s where it gets tricky.

Here comes the hard part.

You now need to create a compelling product page on your website. This includes writing detailed descriptions of the product, listing its features, and highlighting the benefits it provides. Your product page should answer all potential customer questions and convince them to buy. Additionally, your website needs to be visually appealing, easy to navigate, and trustworthy. This means a clean design, clear calls-to-action (like "Buy Now"), and professional images. You may also need to hire a copywriter or a designer for this, which can add to the initial costs.

You need to create a bank account or PayPal to receive payments.

For your business to operate smoothly, you need a payment system. Shopify integrates with various payment processors, including PayPal, Stripe, and Shopify Payments. You’ll need to create a business bank account or set up PayPal to ensure that the funds from your sales go to the right place.

You have to be able to fulfill the order when someone orders. You gotta somehow implement an email system where people get their tracking links and follow-up emails.

Once you start receiving orders, you need to fulfill them in a timely manner. This might mean shipping the products yourself if you have inventory or working with a fulfillment partner. An email system is essential to notify customers when their order is received, when it’s shipped, and provide tracking information. Shopify offers integrated solutions for order management, but you might also want to use third-party email marketing tools to automate follow-ups, reviews, and promotional offers.

I don’t know how to do that. Maybe it’s all already integrated into Shopify? I don’t know how good the current status of commercial Shopify websites are.

Shopify has many built-in tools and apps that make it easier to handle things like email notifications, tracking updates, and fulfillment. It’s highly customizable, but you might need to explore these options and decide which tools are best for your business.

Now comes the extremely hard part: you need to get traffic. I absolutely don’t know how to do that.

Getting traffic to your website is one of the hardest parts of e-commerce. You can have the best product and a great website, but if no one visits, you won’t make any sales. This is where marketing comes in. You can use paid ads (like Google Ads, Facebook, Instagram ads), content marketing (blogs, SEO), influencer marketing, and email marketing to drive traffic to your store. Each of these strategies requires time, money, and testing to figure out what works for your specific business.

Ok, that’s basically it—this is how you make money.

In theory, setting up the store is straightforward, but the execution is where things get challenging. To make money, you need to manage the operations well and be strategic in your marketing.

Create many websites with many different products. I would say one product per website. Seems easier.

Having multiple websites with one product each is an approach known as a "niche" business model. It can be easier to market a single product effectively, and it allows you to target a specific audience. However, managing multiple websites can also be a lot of work, and you’ll need to keep track of inventory, orders, and marketing campaigns for each one.

There are tons of other things you have to be careful of, like creating an impressum (I don’t know the English word). Basically, your business details, like your name.

You’ll need to be aware of legal requirements. For example, in some countries, businesses are required to list an impressum (business details), including your company name, address, and contact information. This is especially important if you're selling to customers in Europe or other regions with strict e-commerce laws. You should also have clear terms and conditions and a privacy policy to protect yourself and your customers.

You gotta create a company, know legal things, pay taxes, possibly even patent or trademark your products.

Starting a business means you need to understand the legal framework. This includes registering your business, understanding tax obligations (such as sales tax or VAT), and possibly even applying for trademarks or patents if your product or brand is unique. You should consult with a lawyer or an accountant to ensure that you’re complying with all local laws and regulations.

Summary: Starting an e-commerce business is a multi-step process that requires capital, time, and effort. You need a product, a good website, and a payment system. But the biggest challenges often come in marketing, traffic generation, and legal considerations. It’s important to be prepared for these difficulties and seek help where necessary to build a successful online store.