How to Actually Make Money Online (No-BS Guide)

00:12:31
https://www.youtube.com/watch?v=gTZSVThRWF8

Summary

TLDRIn this video, a self-made millionaire recounts his transition from a successful business in 1995 to adapting to the online marketplace. He emphasizes the necessity of having a side hustle in today's economy and outlines the common pitfalls, such as shiny object syndrome, that prevent many from succeeding. The video details four stages of online wealth: starting with no side hustle, running a failing side hustle, achieving a successful side hustle, and finally, reaching an elite level. Key strategies include focusing on e-commerce, utilizing AI tools for efficiency, understanding your target audience, maintaining consistency, and reinvesting profits to scale the business. The speaker aims to guide viewers through the process of building a sustainable online income without falling for false promises.

Takeaways

  • πŸ’‘ 55% of people never start a side hustle.
  • πŸš€ Shiny object syndrome hinders progress.
  • πŸ›’ E-commerce is a recommended focus for beginners.
  • πŸ“ˆ Only 16% earn more than $50/month online.
  • πŸ”‘ Consistency is crucial for success.
  • 🀝 Build trust with social proof.
  • πŸ’° Reinvest profits to grow your business.
  • 🎯 Understand your target audience.
  • πŸ“Š Show clear benefits of your products.
  • πŸ› οΈ Use AI tools to simplify e-commerce setup.

Timeline

  • 00:00:00 - 00:05:00

    In 1995, the speaker, a self-made millionaire, faced the challenge of adapting to the internet's impact on his business. After extensive trial and error, he successfully rebuilt his business with an online focus. He emphasizes the importance of making money online today and shares his experiences to help others avoid common pitfalls. He introduces the concept of the 'online wealth wheel' and outlines three main stages of the online money-making journey, highlighting the need for commitment and the right approach to succeed.

  • 00:05:00 - 00:12:31

    The speaker discusses the first two stages of the online wealth journey: starting with no side hustle and running a failing side hustle. He notes that many people never start due to confusion in the online space and emphasizes the importance of choosing a method that aligns with one's skills. He warns against 'shiny object syndrome,' where individuals jump between methods without commitment. The speaker recommends focusing on e-commerce, utilizing AI tools for store setup, and stresses the importance of consistency and commitment to achieve success.

Mind Map

Video Q&A

  • What is the first stage of making money online?

    The first stage is having no side hustle, where 55% of people never start.

  • What is shiny object syndrome?

    It's when individuals jump from one trendy online money-making method to another without committing.

  • What is the recommended method for beginners in e-commerce?

    Focus on using AI-built Shopify stores to launch automated stores without holding inventory.

  • What percentage of people make more than $50 per month online?

    Only 16% of people who start making money online earn more than $50 per month.

  • What is the secret fourth stage of online wealth?

    Running an elite side hustle, which less than 1% of people ever reach.

  • How can one build trust with customers?

    By showcasing social proof, such as testimonials and unboxing videos.

  • What should you do with your profits once you start making money?

    Reinvest a portion back into your side hustle to help it grow.

  • What is the importance of consistency in building a side hustle?

    Consistency is key to keeping your store visible and engaging with potential customers.

  • What should you focus on when marketing your products?

    Show the benefits of your products clearly and engage with your audience.

  • How can you avoid the trap of a failing side hustle?

    Pick a method that suits your skills and commit to it without jumping around.

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Subtitles
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  • 00:00:00
    this is me in
  • 00:00:01
    1995 a 28-year-old self-made millionaire
  • 00:00:04
    who thought he had money figured out I'd
  • 00:00:07
    built a thriving business Empire
  • 00:00:09
    consisting of multiple shops and
  • 00:00:11
    warehouses then almost overnight the
  • 00:00:14
    internet made it irrelevant I had two
  • 00:00:16
    choices give up or adapt you know me I
  • 00:00:20
    wasn't about to quit so I threw myself
  • 00:00:22
    into learning everything about making
  • 00:00:25
    money online and like most people today
  • 00:00:27
    I fell for the hype I tried every method
  • 00:00:30
    out there and guess what none of them
  • 00:00:32
    were as easy as people said but through
  • 00:00:34
    trial and error I cracked the code and
  • 00:00:36
    rebuilt my businesses but this time with
  • 00:00:39
    the internet at the core of my strategy
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    fast forward to today and making money
  • 00:00:44
    online isn't just important it's an
  • 00:00:46
    essential thing everyone should be doing
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    that's exactly why I'm making this video
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    I spent years testing failing and
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    refining losing Millions making millions
  • 00:00:56
    and learning what actually works now
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    with this knowledge I can help you avoid
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    all the mistakes and FasTrack your
  • 00:01:02
    success so if you're tired of false
  • 00:01:05
    promises and ready to commit for the
  • 00:01:07
    next 6 to 12 months and build something
  • 00:01:09
    real this is for you no gimmicks no BS
  • 00:01:13
    just the process that actually works all
  • 00:01:15
    right so this is the online wealth whe
  • 00:01:19
    and whether you realize it or not you're
  • 00:01:21
    already on it there are three main
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    stages that Define where people are in
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    their journey to making money online
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    plus a secret forth stage that only a
  • 00:01:29
    few ever read reach we'll discuss that
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    one at the
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    end let's kick things off with stage one
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    this is where everyone starts with no
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    side hustle and
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    sadly
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    55% of people never start at all
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    inflation is making everything more
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    expensive and let's be real relying on a
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    single paycheck is more dangerous than
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    ever so if having a side hustle is
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    essential why do 55% of people still
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    avoid it because the online space is a
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    jungle it's full of ads pushing Prov
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    methods that confuse more people than
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    they actually help the key to starting
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    the right way is picking a method that
  • 00:02:08
    suits your skills budget and lifestyle
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    if you already have a skill like video
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    editing graphic design coding or even
  • 00:02:15
    setting up Discord servers people pay
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    great money for these services and
  • 00:02:20
    there's no shortage of demand but what
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    if you don't have a skill to sell or
  • 00:02:24
    quite simply don't want to deal with
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    clients that's where product-based
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    businesses come in one of the best
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    options is selling products online
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    without ever holding infantry yourself
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    but I'll get into this in more detail
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    later on that brings me on
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    to running a failing side hustle I'm
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    classing a failing side hustle is
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    earning less than $50 per month online
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    sadly
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    28% of people are trapped here a lot of
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    people aren't going to like me saying
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    this but it has to be said it's almost
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    never your side hustle that's flawed or
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    doesn't work you're most likely just not
  • 00:03:01
    putting enough time and effort in I know
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    that could be hard to hear but this
  • 00:03:05
    isn't really your fault it's down to
  • 00:03:07
    something called shiny object syndrome
  • 00:03:09
    this is when you constantly jump from
  • 00:03:11
    one trendy online money-making method to
  • 00:03:13
    another without committing and putting
  • 00:03:15
    your absolute all into any of them one
  • 00:03:18
    week it's Drop Shipping then print on
  • 00:03:20
    demand then selling books on Amazon KDP
  • 00:03:23
    then trade in stocks and then starting a
  • 00:03:26
    social media agency the truth is all the
  • 00:03:28
    online money making methods I just
  • 00:03:30
    mentioned work but each requires a
  • 00:03:33
    different level of time commitment and
  • 00:03:35
    you'll never get anywhere by jumping
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    from one to the other it's like that
  • 00:03:38
    classic diagram of miners tirelessly
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    digging for gold only to give up just
  • 00:03:43
    before striking it rich instead of
  • 00:03:45
    pushing through they abandon their
  • 00:03:47
    progress start fresh somewhere else and
  • 00:03:50
    waste all that initial effort repeating
  • 00:03:52
    the cycle over and over again if you get
  • 00:03:55
    stuck in this dangerous pattern like the
  • 00:03:57
    28% of other people then you need to
  • 00:04:00
    recognize it and simply pick a method
  • 00:04:02
    and stick to it forget the idea of a
  • 00:04:04
    perfect side hustle just pick one that's
  • 00:04:07
    easy to start and has the potential to
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    scale if you don't have a high income
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    skill to sell then I'm going to make
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    this super simple for you in all my
  • 00:04:15
    years of experience the thing that has
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    made me the most amount of money online
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    is e-commerce so I recommend you focus
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    on that but not in a way most people do
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    a lot of beginners assume starting an
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    online store means dealing with
  • 00:04:29
    inventory suppliers or complex setups
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    but that's not the case anymore that's
  • 00:04:35
    because you can now utilize AI built
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    Shopify stores instead of spending weeks
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    setting everything up like I had to back
  • 00:04:41
    in the day you can now use a free tool
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    called build your store. a to launch a
  • 00:04:46
    fully automated store that would
  • 00:04:48
    normally cost $2 to $300 to set up but
  • 00:04:51
    this does it for free in a matter of
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    minutes you just enter your name and
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    email pick a niche like fashion Tech or
  • 00:04:58
    pets and the AI chooses winning products
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    designs your store and makes it look
  • 00:05:02
    professional from day one if you want to
  • 00:05:04
    go through this process completely for
  • 00:05:06
    free then just click the link in the
  • 00:05:08
    description and it'll walk you through
  • 00:05:09
    everything from there it syncs directly
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    with Shopify giving you exclusive access
  • 00:05:14
    to a 3mon Shopify trial for only $1 per
  • 00:05:17
    month but what about making sales well
  • 00:05:20
    the biggest mistake people make with
  • 00:05:22
    e-commerce is giving up too soon
  • 00:05:24
    surprise surprise this is probably
  • 00:05:26
    because they don't want to deal with
  • 00:05:28
    infantry or fulfillment that's why the
  • 00:05:30
    free AI store Builder also walks you
  • 00:05:32
    through how to integrate a tool called
  • 00:05:34
    autod DS which is kind of like the
  • 00:05:37
    autopilot system on a plane it Imports
  • 00:05:40
    trending products updates pricing and
  • 00:05:42
    images and even ships orders directly to
  • 00:05:44
    your customers this means you don't have
  • 00:05:46
    to touch inventory package anything or
  • 00:05:49
    deal with Supply negotiations you focus
  • 00:05:51
    on driving traffic and making sales
  • 00:05:54
    while the system handles the rest full
  • 00:05:56
    disclosure autods are long-term
  • 00:05:58
    supporters of this channel but even if
  • 00:06:00
    they weren't sponsoring this portion of
  • 00:06:01
    the video I'd still recommend them you
  • 00:06:03
    can easily create a buzz around your
  • 00:06:05
    products by creating videos about them
  • 00:06:07
    on Tik Tok for free if you get 100K
  • 00:06:10
    views and just 1% of the people go and
  • 00:06:12
    buy your product for $10 then that's
  • 00:06:15
    $10,000 in Revenue so if you're serious
  • 00:06:18
    about breaking out of the failing side
  • 00:06:20
    hustle trap then choosing a simple
  • 00:06:22
    automated model like this gives you the
  • 00:06:24
    best chance of success no more bouncing
  • 00:06:27
    between business ideas just commit
  • 00:06:29
    launch and put in the work to scale it
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    up stage three is running a successful
  • 00:06:36
    side hustle Believe It or Not only 16%
  • 00:06:40
    of people who start making money online
  • 00:06:42
    ever make more than $50 per month the
  • 00:06:45
    people in this percentile make anywhere
  • 00:06:47
    from $51 on the low end all the way up
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    to $10,000 a month of course the higher
  • 00:06:53
    end is what I'd consider actually
  • 00:06:54
    successful so what are these 16% of
  • 00:06:57
    people doing differently and how can you
  • 00:06:59
    start applying it to yourself well
  • 00:07:01
    there's some clear things that I've
  • 00:07:02
    noticed that separate the people who
  • 00:07:04
    struggle from those who actually make
  • 00:07:06
    money online and to help you get there
  • 00:07:08
    I'm going to break them down into four
  • 00:07:10
    key steps that you can follow step one
  • 00:07:12
    is to stop trying to appeal to everyone
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    you might think casting a wide net will
  • 00:07:17
    get you more sales but in reality it
  • 00:07:19
    does the opposite if you try to appeal
  • 00:07:21
    to everyone you'll appeal to no one so
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    before you even start promoting your
  • 00:07:25
    store grab a notepad or open your notes
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    app and describe your IDE ideal customer
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    how old are they what are their
  • 00:07:32
    interests what are their struggles and
  • 00:07:34
    what type of content do they consume the
  • 00:07:36
    clearer you are about this the easier it
  • 00:07:39
    becomes to create content that actually
  • 00:07:41
    grabs their attention think of it like
  • 00:07:43
    this it's always easier to get one
  • 00:07:46
    person's attention by speaking directly
  • 00:07:48
    to them than it is to shout at a crowd
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    and hope someone listens step two is to
  • 00:07:53
    stay consistent most people go all in
  • 00:07:55
    for a few weeks fueled by a burst of
  • 00:07:57
    motivation then vanish the moment they
  • 00:07:59
    don't see instant results the key is
  • 00:08:01
    putting consistency over Perfection you
  • 00:08:04
    don't need to be working 12-hour days or
  • 00:08:07
    waking up at 5:00 a.m. you just need
  • 00:08:09
    small daily actions that keep your store
  • 00:08:11
    in front of people so here are some
  • 00:08:13
    actionable things you should focus on
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    every day post content about your
  • 00:08:17
    products daily to stay visible and
  • 00:08:20
    consistently appear in people's feeds
  • 00:08:22
    engage with comments and messages to
  • 00:08:24
    build trust strengthen relationships and
  • 00:08:27
    increase the likelihood of conversion
  • 00:08:29
    test different product descriptions and
  • 00:08:31
    images since even small tweaks can
  • 00:08:33
    significantly impact sales step three is
  • 00:08:36
    to show don't just tell most people's
  • 00:08:38
    marketing strategies completely miss the
  • 00:08:40
    mark no pun intended they just don't
  • 00:08:43
    make it clear why someone should buy
  • 00:08:44
    their product for example let's say
  • 00:08:46
    you're selling custom Gaming controllers
  • 00:08:49
    just posting a gameplay clip with a link
  • 00:08:51
    in the description isn't enough people
  • 00:08:53
    need a clear reason to buy instead of
  • 00:08:55
    assuming they'll connect the dots
  • 00:08:57
    themselves you need to show and tell
  • 00:08:59
    start by showcasing the controller up
  • 00:09:02
    close demonstrating how the extra
  • 00:09:04
    buttons or as you Gamers know them
  • 00:09:06
    paddles and Trigger stops enhance
  • 00:09:08
    gameplay explain the real benefits like
  • 00:09:10
    how these features help players react
  • 00:09:12
    faster and gain an edge in competitive
  • 00:09:15
    matches finally compare it to a standard
  • 00:09:17
    controller to highlight exactly why
  • 00:09:19
    yours is better if customers can't
  • 00:09:21
    clearly see the product understand why
  • 00:09:23
    it's different and immediately grasp how
  • 00:09:26
    it benefits them they won't buy it it's
  • 00:09:28
    a simple as that step four is to build
  • 00:09:30
    trust with social proof people need
  • 00:09:32
    proof before they spend their money
  • 00:09:34
    especially when buying from a brand
  • 00:09:36
    they've never heard of think about it
  • 00:09:38
    for a second would you buy a fitness
  • 00:09:40
    program that promises insane results but
  • 00:09:42
    has zero before and after photos and no
  • 00:09:45
    testimonials probably not if you're just
  • 00:09:48
    starting out order your own product and
  • 00:09:50
    record an unboxing video to show exactly
  • 00:09:52
    what customers will receive even if you
  • 00:09:54
    don't have sales yet ask friends or
  • 00:09:56
    family to test them out and leave honest
  • 00:09:59
    review use as it's better to have some
  • 00:10:01
    feedback than none at all finally
  • 00:10:03
    showcase real people using your products
  • 00:10:05
    instead of relying solely on stock
  • 00:10:07
    photos people have been burned by bad
  • 00:10:09
    online purchases before I mean we've all
  • 00:10:12
    seen those situations where the product
  • 00:10:14
    is nothing like the picture so make sure
  • 00:10:16
    your customers know exactly what they're
  • 00:10:18
    getting and why other people love
  • 00:10:22
    it now I told you that there was a
  • 00:10:25
    secret stage at the end well that's
  • 00:10:27
    stage four running in an elite side
  • 00:10:31
    hustle we've talked about breaking past
  • 00:10:33
    the early struggles and building a solid
  • 00:10:35
    side Hustle but this is the level that I
  • 00:10:38
    estimate less than
  • 00:10:40
    1% of people ever reach so what sets
  • 00:10:43
    these 1% of people apart from the rest
  • 00:10:46
    one word reinvesting as soon as you
  • 00:10:49
    start making money put a small portion
  • 00:10:51
    back into your side hustle a lot of
  • 00:10:53
    people think the goal of making money is
  • 00:10:55
    to spend it on nice things but the real
  • 00:10:57
    power of money is using it to make even
  • 00:10:59
    more money I've talked before about
  • 00:11:01
    investing in the stock market but when
  • 00:11:03
    you're just starting out the best
  • 00:11:05
    investment isn't stocks it's your own
  • 00:11:07
    business unlike stocks where you have to
  • 00:11:09
    sit back and wait you have full control
  • 00:11:11
    over growing your own side hustle so how
  • 00:11:14
    do you reinvest in a way that actually
  • 00:11:15
    helps you make more well firstly you
  • 00:11:17
    focus on upgrading your tools in the
  • 00:11:20
    beginning you might be doing everything
  • 00:11:22
    manually but once you start making sales
  • 00:11:24
    reinvesting in tools that save you time
  • 00:11:26
    can help you scale secondly you can put
  • 00:11:28
    money into getting more customers the
  • 00:11:31
    people that make the most money online
  • 00:11:32
    don't just wait for people to come to
  • 00:11:34
    them they reinvest in marketing to bring
  • 00:11:36
    in more traffic and sales whether that's
  • 00:11:39
    paying for ads testing new content ideas
  • 00:11:41
    or working with small influencers to get
  • 00:11:43
    their store in front of the Right
  • 00:11:45
    audience thirdly you can start to
  • 00:11:47
    Outsource instead of trying to do
  • 00:11:49
    everything alone the 1% reinvest in
  • 00:11:51
    Outsourcing small tasks now if you're
  • 00:11:54
    just getting started this might sound
  • 00:11:55
    like something you should worry about
  • 00:11:57
    later but that's exactly why most people
  • 00:11:59
    never reach this level this could be as
  • 00:12:01
    simple as paying someone on Fiverr to
  • 00:12:03
    design a better logo for your store or
  • 00:12:06
    paying your friend to film some social
  • 00:12:07
    media content for you if you start
  • 00:12:09
    thinking this way early on knowing that
  • 00:12:11
    your first profit should go back into
  • 00:12:13
    growing your side hustle you'll already
  • 00:12:16
    be ahead of 99% of people who get stuck
  • 00:12:18
    at these lower levels if you're
  • 00:12:20
    ambitious but lazy I'm going to leave
  • 00:12:22
    that video right up there but don't
  • 00:12:24
    click on it just yet make sure to
  • 00:12:26
    subscribe if you want to grow your
  • 00:12:27
    wealth okay I'll see over there
Tags
  • online business
  • e-commerce
  • side hustle
  • wealth building
  • shiny object syndrome
  • AI tools
  • marketing
  • success strategies
  • reinvestment
  • entrepreneurship