These 11 income streams made me $220,000 in 2024.

00:29:20
https://www.youtube.com/watch?v=sQGX-cUa-EI

摘要

TLDRThe speaker outlines their journey to generating over $200,000 through 11 income streams in 2024, starting from no experience or audience in 2016. They emphasize the importance of sequential learning and skill accumulation rather than trying to build multiple income streams simultaneously. Key income sources include freelancing, online courses, memberships, workshops, and content creation on platforms like YouTube and TikTok. The video covers lessons learned, common misconceptions about passive income, and detailed insights into the effort required for each income stream. Looking forward to 2025, the speaker plans to focus on successful strategies while scaling back on less efficient income sources, highlighting the importance of product validation and ongoing maintenance for sustained success.

心得

  • 🚀 Success is sequential, not simultaneous.
  • 💼 Freelancing is a valuable way to gain skills.
  • 🔍 Validate your product ideas before creation.
  • ⚠️ Building digital products requires ongoing maintenance.
  • 📈 Focus on a traffic strategy to attract buyers.
  • 📚 Online courses can be highly rewarding if done right.
  • 🔄 Memberships require consistent value delivery.
  • ✍️ 80% of results come from 20% of efforts.
  • 🎥 Content creation is a long-term game.
  • 🏁 Plans for 2025 include refining successful income strategies.

时间轴

  • 00:00:00 - 00:05:00

    The video discusses the speaker's eleven income streams that generated over $200,000 in 2024, emphasizing the importance of sequential success rather than trying to build multiple income streams at once. The speaker shares their journey starting in 2016 as a freelancer, progressing through learning and skill development, and highlights the significance of patience and consistent effort in building income streams.

  • 00:05:00 - 00:10:00

    The speaker reflects on their experiences creating an online course, divinely mentioned as a successful revenue stream, and acknowledges the need for quality and relevant product development in this increasingly saturated market. The crucial role of validating ideas is emphasized, along with practical advice on managing expectations about the creation and maintenance of digital products.

  • 00:10:00 - 00:15:00

    The videos detail the structure of income streams, including a profitable paid community and workshops. The benefits and challenges associated with these recurrent income models are discussed, particularly focusing on delivering ongoing value to maintain memberships while also ensuring that workshops remain an effective way to teach and share knowledge without endless upkeep.

  • 00:15:00 - 00:20:00

    The speaker evaluates further income avenues, such as selling tools and templates, offering coaching services, and freelance work while discussing the realities of income-generating activities. The speaker underlines the necessity for strategic traffic, product validation, and how scale varies across services and products, revealing personal insights into what was successful for them.

  • 00:20:00 - 00:29:20

    Looking forward to 2025, the speaker reveals plans to refine their income streams based on valuable lessons learned, including reducing the focus on low-priced products due to their demanding nature. Excitement is shared about potential new partnerships and monetization strategies like brand sponsorships, profit sharing, and live events, encouraging viewers to prioritize sustained, focused efforts without diversifying too rapidly.

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思维导图

视频问答

  • What is the first step to building multiple income streams?

    Start by gaining skills through freelancing to validate your capabilities before branching out.

  • Why is it important to validate your ideas before creating a product?

    Product validation ensures there is market demand, preventing wasted effort on products that won’t sell.

  • What are the common misconceptions about digital products?

    Many believe digital products are easy money, but they require ongoing maintenance and a solid traffic strategy.

  • What are the downsides of memberships?

    They require continuous value addition and can be a large commitment for beginners.

  • What should you prioritize when creating digital products?

    Focus on product validation, quality, and an effective traffic strategy.

  • How can you generate revenue from YouTube?

    Through AdSense and building a loyal audience over time.

  • What is the effort level for creating an online course?

    The effort level is typically high, requiring significant work initially.

  • What is the 80/20 principle in income streams?

    80% of results come from 20% of inputs; focus on what's truly impactful.

  • What are the speaker's income plans for 2025?

    Continuing with DBM Boot Camp, exploring brand sponsorships, and reducing low-priced product offerings.

  • What role does traffic play in digital products?

    Traffic is crucial; without an effective strategy, products may fail to reach potential buyers.

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  • 00:00:00
    these 11 income streams have made me
  • 00:00:01
    over $200,000 so far in 2024 now I know
  • 00:00:05
    you've seen the passive income for
  • 00:00:06
    beginner types of videos this is not one
  • 00:00:08
    of them I'm going to show you exactly
  • 00:00:10
    how long it actually took me to build
  • 00:00:11
    these 10 plus income streams starting
  • 00:00:13
    from when I had zero work experience
  • 00:00:15
    zero audience zero digital product of
  • 00:00:17
    any kind by the end of this video you'll
  • 00:00:19
    know why building multiple income
  • 00:00:21
    streams too early can actually hurt your
  • 00:00:23
    income potential and what to do instead
  • 00:00:25
    I'll also share what I plan for 2025
  • 00:00:27
    like what's staying what's going and
  • 00:00:29
    what's going to be complet completely
  • 00:00:30
    new income streams for me in 2025 so
  • 00:00:32
    let's kick straight into the first big
  • 00:00:34
    lesson that I have learned over the past
  • 00:00:36
    few years that I want to share with you
  • 00:00:37
    and that is this awesome quote from the
  • 00:00:39
    book The one thing and it is success is
  • 00:00:41
    sequential not simultaneous and that is
  • 00:00:43
    the biggest lesson I have to share about
  • 00:00:45
    starting multiple income streams is none
  • 00:00:46
    of these happened all at once this is
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    the reality the timeline of how long it
  • 00:00:51
    actually took to build multiple income
  • 00:00:52
    streams so you can see that back in 2016
  • 00:00:54
    I started with freelancing just because
  • 00:00:56
    I really had no work experience I didn't
  • 00:00:58
    have any connections I didn't have an
  • 00:01:00
    audience I didn't even know where to
  • 00:01:01
    begin so I was like let me just see what
  • 00:01:03
    people will pay me for and then a few
  • 00:01:05
    years later with all the skills I was
  • 00:01:07
    learning as a freelancer working behind
  • 00:01:08
    the scenes of dozens and dozens of types
  • 00:01:10
    of businesses seeing exactly what they
  • 00:01:12
    sold digital products physical products
  • 00:01:14
    Services I worked with agencies I saw
  • 00:01:16
    exactly what they did and I was like I
  • 00:01:18
    actually think potentially I could start
  • 00:01:19
    a side business with my partner so my
  • 00:01:21
    partner and I started a side business
  • 00:01:24
    together so that started generating a
  • 00:01:25
    bit of income and I started being like
  • 00:01:27
    Oh okay I can kind of see how this could
  • 00:01:29
    work for me potentially so then a year
  • 00:01:31
    later I made my own first digital
  • 00:01:34
    product and that was just my own thing
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    and that essentially kicked off the rest
  • 00:01:37
    of my business so that same year along
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    with my digital product I started a paid
  • 00:01:41
    membership Community a year after that I
  • 00:01:43
    started making YouTube videos and then I
  • 00:01:45
    started making templates I started doing
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    masterminds and coaching and Consulting
  • 00:01:49
    for other types of businesses I also
  • 00:01:51
    started making workshops then kits and
  • 00:01:53
    bundles and then the year after that so
  • 00:01:55
    this year I joined affiliate programs I
  • 00:01:57
    started getting monetized on Tik Tok so
  • 00:01:59
    you can see that it took years of skill
  • 00:02:01
    development learning and work before I
  • 00:02:04
    started creating all of these other
  • 00:02:06
    types of products or services and I
  • 00:02:08
    think that's extremely important to
  • 00:02:09
    highlight because I feel like a lot of
  • 00:02:11
    times we put this pressure on ourselves
  • 00:02:12
    to like start 10 different income
  • 00:02:13
    streams next year and that's just so
  • 00:02:15
    unrealistic because it takes a long time
  • 00:02:17
    to get good at something it's also like
  • 00:02:19
    that quote where it's like you won't see
  • 00:02:21
    the whole path before you begin it but
  • 00:02:23
    you'll see the next step every time you
  • 00:02:24
    take a step that's what this was like
  • 00:02:26
    every time I took a step I was like oh
  • 00:02:28
    that could be the next step then I took
  • 00:02:29
    that and I was like oh that could be the
  • 00:02:30
    next step so don't worry if you're
  • 00:02:32
    standing here and you're like I can't
  • 00:02:33
    see the 20 steps I can't see how I could
  • 00:02:35
    possibly get to multiple income streams
  • 00:02:37
    that's normal that was me back in 2016
  • 00:02:39
    and the other lesson I really want to
  • 00:02:40
    pull out of here and this is a concept
  • 00:02:42
    from Cal newport's book he says you have
  • 00:02:44
    to build your career Capital so career
  • 00:02:46
    Capital he defines it as skills you have
  • 00:02:48
    that are both rare and valuable and that
  • 00:02:50
    can be used as leverage in defining your
  • 00:02:52
    career you are your biggest asset if you
  • 00:02:54
    are a freelancer if you're self-employed
  • 00:02:56
    in any way your skill set is how you
  • 00:02:58
    generate value is how how you solve
  • 00:03:00
    problems for clients and customers and
  • 00:03:02
    the type of value you can generate and
  • 00:03:03
    the type of problems you can solve for
  • 00:03:04
    customers is what determines how much
  • 00:03:06
    they will pay you so you can see the
  • 00:03:08
    start of my journey I was freelancing
  • 00:03:09
    full-time I was freelancing as a
  • 00:03:10
    business manager I was behind the scenes
  • 00:03:12
    of 40 plus different types of businesses
  • 00:03:14
    I saw exactly what worked what didn't
  • 00:03:15
    what were the biggest mistakes that
  • 00:03:17
    clients were making what caused failures
  • 00:03:19
    that is what allowed me to then go and
  • 00:03:20
    build my own things and I honestly don't
  • 00:03:22
    think I could have been able to do it
  • 00:03:23
    backwards like no way could I have
  • 00:03:25
    started building my digital product from
  • 00:03:27
    day one and had to be successful no way
  • 00:03:29
    there's no way I highly recommend
  • 00:03:31
    freelancing for the type of business you
  • 00:03:33
    want to start first get paid to learn if
  • 00:03:36
    you want to start an Etsy Shop go and
  • 00:03:38
    freelance for an Etsy shop owner be
  • 00:03:40
    their assistant learn see what they're
  • 00:03:42
    doing to drive traffic so what types of
  • 00:03:43
    products sell see what types of products
  • 00:03:45
    don't sell see what kind of systems they
  • 00:03:46
    have so here's some expectations versus
  • 00:03:48
    reality of building multiple income
  • 00:03:50
    streams the first is it's super easy and
  • 00:03:51
    quick to make something that will make
  • 00:03:53
    hella money it's not true it takes
  • 00:03:54
    months or years of hard work to create
  • 00:03:56
    something of value that is actually
  • 00:03:57
    differentiated in the market and I hate
  • 00:03:59
    to be the one to say this and kind of
  • 00:04:01
    mini burst the bubble but digital
  • 00:04:03
    products are getting very saturated
  • 00:04:05
    another one build this once and then
  • 00:04:06
    make money while you sleep it's just not
  • 00:04:07
    true 95% of my digital products require
  • 00:04:10
    constant maintenance and traffic
  • 00:04:12
    investment whether that is organic
  • 00:04:13
    traffic so free making free content like
  • 00:04:16
    this and paying my team to help me make
  • 00:04:17
    free content or paid content so putting
  • 00:04:19
    money into advertising to drive traffic
  • 00:04:21
    to your product another one just sign up
  • 00:04:23
    to tons of affiliate programs and make a
  • 00:04:24
    pile of money there are so many
  • 00:04:26
    prerequisites either you already have to
  • 00:04:27
    have an audience or you have the skill
  • 00:04:29
    to build an audience or you have to have
  • 00:04:31
    the money to invest in getting an
  • 00:04:32
    audience so let me go through my
  • 00:04:34
    business related income streams first
  • 00:04:36
    and then I'll go through my Creator
  • 00:04:37
    related income streams now my big
  • 00:04:39
    disclaimer this is revenue not profit
  • 00:04:42
    that's very important I have to say that
  • 00:04:44
    I have to pay my team tools software
  • 00:04:45
    trainings mentors pay for advertising
  • 00:04:48
    etc etc this is not how much money I de
  • 00:04:52
    make personally if you want to know more
  • 00:04:53
    about the costs of running my business I
  • 00:04:55
    made a video on that last year you can
  • 00:04:56
    go watch that if you want a more
  • 00:04:58
    complete picture of what's going on in a
  • 00:05:00
    business financially if you want so one
  • 00:05:02
    of my biggest revenue streams actually
  • 00:05:04
    came from something I resisted making
  • 00:05:06
    for a very long time and that is an
  • 00:05:08
    online course now I know that online
  • 00:05:11
    courses have a bit of reputation online
  • 00:05:13
    and I understand why I have also bought
  • 00:05:15
    some really bad online courses before
  • 00:05:17
    and I believe that in the online course
  • 00:05:19
    industry we need more quality control
  • 00:05:21
    and transparency and all that so if you
  • 00:05:23
    bought a bad course and you couldn't get
  • 00:05:24
    your money back I'm truly sorry for that
  • 00:05:26
    but my course is not like that my course
  • 00:05:28
    is amazing so I also actually made a
  • 00:05:31
    little slide your honor please slide
  • 00:05:34
    about why I'm a good course creator and
  • 00:05:36
    there are a lot of us out there there's
  • 00:05:38
    like a big scale of like scammy gross
  • 00:05:41
    course creators who are just trying to
  • 00:05:43
    rip you of your money horrible people
  • 00:05:45
    and good course creators who are trying
  • 00:05:46
    their best who just want to teach what
  • 00:05:48
    they know if you want to read this slide
  • 00:05:49
    you can pause and read it and then you
  • 00:05:51
    can judge for yourself guilty or not
  • 00:05:53
    guilty okay so on to my online course so
  • 00:05:56
    dbm boot camp teaches project team and
  • 00:05:58
    operations manager so basically all the
  • 00:06:00
    skills I learned managing businesses for
  • 00:06:02
    my clients so we teach things like
  • 00:06:04
    project planning hiring onboarding team
  • 00:06:06
    members training team members keeping
  • 00:06:08
    remote teams happy creating systems Sops
  • 00:06:10
    workflows so this course brought in
  • 00:06:13
    roughly 170k so far so that's up to
  • 00:06:16
    December 1st because I'm filming this
  • 00:06:17
    early in December so I couldn't get you
  • 00:06:19
    the full December data obviously but
  • 00:06:21
    yeah you can see here I put a little
  • 00:06:22
    screenshot if you total up all of the
  • 00:06:24
    different tiers also interestingly I
  • 00:06:26
    have three different tiers for my
  • 00:06:28
    product so three different level of
  • 00:06:30
    support that people can opt for and tier
  • 00:06:31
    three is always by far the most popular
  • 00:06:34
    which is interesting because it's the
  • 00:06:35
    most expensive and originally I had put
  • 00:06:37
    in three tiers because I was like oh
  • 00:06:38
    it's that pricing psychology thing that
  • 00:06:40
    they teach you where if you have a tier
  • 00:06:41
    three it makes people more likely to go
  • 00:06:43
    for tier two but that has not been the
  • 00:06:44
    case in my situation interesting so yeah
  • 00:06:48
    effort required I would say it's like a
  • 00:06:50
    four out of a five so Pros when it comes
  • 00:06:52
    to online courses is I love knowledge
  • 00:06:55
    sharing if it isn't evident I love
  • 00:06:57
    teaching I love educational content I
  • 00:06:59
    have gotten the most amazing
  • 00:07:00
    testimonials from students about them
  • 00:07:02
    making more money about them being able
  • 00:07:03
    to quit their 9 to5 about them being
  • 00:07:05
    able to support their families and my
  • 00:07:07
    big vision is to help women make more
  • 00:07:09
    money as specifically put more women
  • 00:07:11
    into positions of power big shout out to
  • 00:07:13
    dbm BU Camp the sponsor of this video
  • 00:07:15
    shout out to you thank you so much they
  • 00:07:17
    are the reason I can do this I can sit
  • 00:07:19
    down take the time pay my wonderful team
  • 00:07:21
    to help me with these videos obviously
  • 00:07:23
    also online courses are very scalable
  • 00:07:25
    because before I made an online course I
  • 00:07:26
    was having one-on-one conversations
  • 00:07:28
    every time somebody was like hey can you
  • 00:07:29
    tell tell me more about like what you do
  • 00:07:31
    and how you started and what you learned
  • 00:07:32
    I was like sure let's hop on a call and
  • 00:07:34
    I would just tell them everything and
  • 00:07:35
    then the next person would ask me and I
  • 00:07:36
    would have to hop on a call and tell
  • 00:07:37
    them again that was just not scalable
  • 00:07:39
    it's not a scalable way to share
  • 00:07:40
    education or knowledge and also online
  • 00:07:43
    courses great profit margins because
  • 00:07:44
    there aren't really that many costs or
  • 00:07:46
    expenses associated with each sale all
  • 00:07:48
    the costs we have are uh we send some
  • 00:07:50
    gifts to students when they join if they
  • 00:07:53
    opt to have feedback from a Capstone
  • 00:07:54
    coach then I have to pay the Capstone
  • 00:07:56
    coach obviously so the con first of all
  • 00:07:58
    it's not really a con it's just like
  • 00:07:59
    like my lesson is idea validation is
  • 00:08:02
    non-negotiable do not make an online
  • 00:08:04
    course if you have not made sure that
  • 00:08:05
    people actually are interested in the
  • 00:08:07
    topic you're making an online course for
  • 00:08:08
    because like I said I think the market
  • 00:08:10
    is getting quite flooded so for example
  • 00:08:12
    an online course like how to start a
  • 00:08:13
    business is just not competitive enough
  • 00:08:15
    it should ideally be a little bit more
  • 00:08:17
    specific a little bit more Niche
  • 00:08:19
    differentiated in some kind of way so
  • 00:08:21
    how I validated my course was I heard
  • 00:08:22
    demand from both sides I heard it from
  • 00:08:24
    Junior Freelancers like virtual
  • 00:08:25
    assistants who were messaging me and
  • 00:08:26
    they were like hey I heard you're a
  • 00:08:27
    business manager you're a fractional coo
  • 00:08:29
    how did you learn those skills I also
  • 00:08:31
    heard feedback and demand from business
  • 00:08:33
    owners who were like day I want to hire
  • 00:08:35
    you and I was like I'm fully booked and
  • 00:08:37
    they were like okay well can you
  • 00:08:38
    recommend someone who does exactly what
  • 00:08:39
    you do and I was like I don't think so I
  • 00:08:41
    don't really know anyone who does
  • 00:08:42
    exactly what I do and that's when I was
  • 00:08:44
    like okay there's demand from the
  • 00:08:46
    business owner side and from the people
  • 00:08:48
    that want to upskill like there's a way
  • 00:08:50
    there's a way to bridge the gabin yeah
  • 00:08:51
    con's very hard work in the beginning I
  • 00:08:53
    spent 6 months yeah working super hard
  • 00:08:55
    on the side of my freelancing full-time
  • 00:08:57
    every evening hours and hours and hours
  • 00:08:58
    reques a a bit of initial startup
  • 00:09:00
    investment I don't want to say I think
  • 00:09:01
    it was less than $1,000 I don't super
  • 00:09:03
    remember it could have been1 to $2,000
  • 00:09:06
    but yeah it takes initial startup
  • 00:09:07
    investment to build for me at least to
  • 00:09:09
    build the website for Branding for help
  • 00:09:12
    with getting the content all set up Tech
  • 00:09:14
    set up that kind of stuff probably take
  • 00:09:15
    a little while to be profitable like
  • 00:09:17
    most things you sell because it you need
  • 00:09:19
    time to figure out what the funnel
  • 00:09:21
    should look like what people respond to
  • 00:09:22
    the marketing messaging and the most
  • 00:09:24
    honest thing I can tell you is this is
  • 00:09:26
    not beginner friendly I spent years like
  • 00:09:29
    I said working behind the scenes and a
  • 00:09:30
    lot of my clients were course creators
  • 00:09:32
    so that is what gave me the experience
  • 00:09:34
    necessary to actually go and build a
  • 00:09:35
    successful course business awesome so
  • 00:09:37
    that is the first one that is the first
  • 00:09:39
    Big Kahuna now the Le another lesson I
  • 00:09:42
    want to share here is people love to say
  • 00:09:43
    build it and they will come especially
  • 00:09:45
    about digital products they'll be like
  • 00:09:46
    oh just build the online course and they
  • 00:09:48
    make it seem like the creation of that
  • 00:09:49
    digital product is the big work but
  • 00:09:51
    that's is just not true they will not
  • 00:09:53
    come unless you have a traffic strategy
  • 00:09:55
    I know a lot of people who are making
  • 00:09:56
    digital products because these gurus are
  • 00:09:58
    telling them it's super easy to make mad
  • 00:10:00
    money then they make it and then they
  • 00:10:02
    struggle and they think something is
  • 00:10:03
    wrong with them there's nothing wrong
  • 00:10:04
    with you it's just a lot harder than
  • 00:10:06
    they tell you it is all right on to the
  • 00:10:08
    next thing that I have which is a
  • 00:10:10
    membership I have a paid slack Community
  • 00:10:12
    for students and that made about
  • 00:10:14
    $144,000 this year I will say effort
  • 00:10:16
    four out of five as well so Pros is you
  • 00:10:18
    can foster a super cool Community I love
  • 00:10:20
    hanging out there I love my students I
  • 00:10:21
    think they're all super cool and
  • 00:10:22
    interesting it's also pretty semi
  • 00:10:25
    passive it doesn't require a lot of like
  • 00:10:27
    active delivery it's more like checking
  • 00:10:29
    in in every day and it's pretty flexible
  • 00:10:31
    to your schedule um and recurring income
  • 00:10:33
    but I have a lot to say about
  • 00:10:34
    memberships when it comes to cons
  • 00:10:36
    because I have also worked behind the
  • 00:10:38
    scenes of a lot of big memberships the
  • 00:10:40
    reality of the situation is it requires
  • 00:10:42
    and I know you know this but maintenance
  • 00:10:43
    and continuous value ad to the audience
  • 00:10:46
    they're thinking to themselves every
  • 00:10:47
    time they see that money leave their
  • 00:10:48
    bank account was what I got this month
  • 00:10:51
    worth it which means there needs to
  • 00:10:52
    always be some sort of value ad whether
  • 00:10:54
    that is information or support or oneone
  • 00:10:58
    access to you which is very different
  • 00:10:59
    from one off digital products because
  • 00:11:01
    that the value ad is like it's there
  • 00:11:03
    it's finished but a membership you know
  • 00:11:05
    it's like like this this is the best way
  • 00:11:07
    I can show you guys do not start a
  • 00:11:09
    membership especially if you are a
  • 00:11:10
    beginner I don't recommend it for
  • 00:11:12
    beginners I think it is a huge
  • 00:11:13
    commitment to make to sign yourself up
  • 00:11:15
    to deliver something recurringly forever
  • 00:11:17
    I highly recommend instead doing a
  • 00:11:19
    smaller version so doing a workshop
  • 00:11:21
    maybe once see how you feel about that
  • 00:11:23
    all right next up is workshops so
  • 00:11:24
    workshops made me about $44,000 this
  • 00:11:26
    year workshops I consider them
  • 00:11:28
    essentially just like 1 hourish video
  • 00:11:30
    trainings so effort required I would say
  • 00:11:32
    this is also a four out of five so Pros
  • 00:11:34
    here obviously scalable way to share
  • 00:11:36
    Knowledge and Skills it's very easy to
  • 00:11:38
    deliver low maintenance work because
  • 00:11:40
    once you make it you don't really have
  • 00:11:41
    to maintain it unless something about
  • 00:11:43
    the topic that you're teaching changes
  • 00:11:45
    and it can be a very specific promise so
  • 00:11:47
    I feel like sometimes with online
  • 00:11:48
    courses because they're much bigger the
  • 00:11:50
    promise gets a little bit vager but with
  • 00:11:52
    a workshop I feel like you can teach
  • 00:11:54
    something hyp specific so for example
  • 00:11:55
    one Workshop that I created with a
  • 00:11:57
    student this year was how to to launch
  • 00:11:59
    and manage masterminds for your clients
  • 00:12:01
    cons it requires a traffic strategy this
  • 00:12:03
    shouldn't come as a surprise I feel like
  • 00:12:05
    this is what I want tattooed on my
  • 00:12:06
    forehead after this video traffic
  • 00:12:08
    strategy don't forget about traffic
  • 00:12:09
    strategy it requires text setup you also
  • 00:12:12
    need proper product validation that's
  • 00:12:13
    another thing I want tattooed I might be
  • 00:12:15
    running out of space you need validation
  • 00:12:17
    and you need traffic strategy that's
  • 00:12:19
    what I wish I could you know any kind of
  • 00:12:21
    big company you see adust Nike whatever
  • 00:12:24
    Sephora they do not make products they
  • 00:12:26
    do not invest money into creating
  • 00:12:28
    products un unless they're sure that the
  • 00:12:30
    market is interested and the market will
  • 00:12:31
    buy it that's you you have to do that on
  • 00:12:33
    a smaller scale and these are more work
  • 00:12:35
    than I anticipate and estimate every
  • 00:12:38
    single time so just keep in mind all
  • 00:12:40
    right next thing is tools and templates
  • 00:12:42
    so those are things like for example the
  • 00:12:44
    notion Business book club database that
  • 00:12:46
    I made this year so I have a whole video
  • 00:12:48
    about how I made that one I consider
  • 00:12:50
    anything a tool if there are ways for
  • 00:12:53
    the audience to interact with it and
  • 00:12:55
    kind of filter it or make it their own
  • 00:12:58
    kind of and templates I consider more
  • 00:12:59
    things like email templates graphic
  • 00:13:01
    design templates things that are like
  • 00:13:03
    copy and paste ready to go this made
  • 00:13:04
    about $5,000 this year so eff it
  • 00:13:07
    required I would say is a three out of
  • 00:13:08
    five probably so what I love about tools
  • 00:13:10
    and templates when you compare them to
  • 00:13:12
    things like information products like
  • 00:13:13
    courses and workshops is I like that it
  • 00:13:15
    is immediately actionable and it saves
  • 00:13:17
    the customers time immediately like they
  • 00:13:19
    don't have to go and consume a bunch of
  • 00:13:21
    content and learn something it's also I
  • 00:13:23
    think one of the most passive is things
  • 00:13:26
    after the initial setup and work and
  • 00:13:28
    it's easy to deliver and not much
  • 00:13:29
    maintenance work unless you have to make
  • 00:13:31
    occasional updates like for my business
  • 00:13:33
    book club sometimes I add in new books
  • 00:13:34
    that I read or new lessons that I learn
  • 00:13:36
    but generally the main asset is done
  • 00:13:39
    cons require serious traffic strategy or
  • 00:13:41
    maybe some Ty of funnel if you want to
  • 00:13:43
    sell it regularly needs proper product
  • 00:13:45
    validation specifically of all digital
  • 00:13:47
    products I will say this one I think the
  • 00:13:49
    market is the reddest go to Etsy type
  • 00:13:52
    and templates there are thousands of
  • 00:13:54
    things there so you need a
  • 00:13:55
    differentiator of some kind you have to
  • 00:13:57
    be able to answer the question why would
  • 00:13:59
    they buy your thing over somebody else's
  • 00:14:02
    and you need to be able to answer that
  • 00:14:04
    quickly and very thoroughly and now it's
  • 00:14:06
    time for product a shame my product of
  • 00:14:08
    Shame this year is my salary raise and
  • 00:14:11
    increase email template which made $14
  • 00:14:15
    two whole sales of $7 each honestly I
  • 00:14:17
    should be shamed because I just didn't
  • 00:14:19
    promote it um so yeah actually it's
  • 00:14:23
    person of Shame me sorry all right next
  • 00:14:26
    thing that I have available for sale are
  • 00:14:29
    bundles and kits so that is where I
  • 00:14:31
    bundle a bunch of stuff together and I
  • 00:14:34
    sell it like that so I have some
  • 00:14:35
    examples that I sell here on the screen
  • 00:14:37
    like client onboarding kit so everything
  • 00:14:38
    you need to onboard a client hiring a
  • 00:14:40
    freelancer kit so everything you need to
  • 00:14:41
    hire a freelancer landing client kit so
  • 00:14:43
    everything you need to land clients and
  • 00:14:45
    all of these bundles and kits all
  • 00:14:47
    together made about $4,000 I will say
  • 00:14:49
    effort required is probably also a three
  • 00:14:51
    or four out of a five you're so cute so
  • 00:14:54
    Pros it's pretty passive after the
  • 00:14:57
    initial setup so yeah unless unless you
  • 00:14:59
    need to maintain something of it cons
  • 00:15:02
    requires traffic strategy requires
  • 00:15:03
    product validation see if I had the
  • 00:15:05
    tattoo I could just point to it I'd be
  • 00:15:07
    like and I will say about kits and
  • 00:15:09
    bundles I'm always like oh this is so
  • 00:15:10
    smart instead of selling a oneoff
  • 00:15:12
    template I'll just sell a kit and it'll
  • 00:15:14
    be like branded around the job to be
  • 00:15:16
    done versus like a one-off thing it is
  • 00:15:19
    always more work than I expect it's like
  • 00:15:21
    at least twice as much more work than I
  • 00:15:23
    and to estimate and I'm a good estimator
  • 00:15:26
    I think all right so now comes to the
  • 00:15:27
    lesson here is what I think you should
  • 00:15:29
    prioritize if you feel very called to
  • 00:15:31
    create digital products okay this is the
  • 00:15:33
    order in which I would focus on things
  • 00:15:35
    number one product validation do people
  • 00:15:38
    actually want to give you money for this
  • 00:15:40
    thing product quality is this thing
  • 00:15:42
    you're creating actually good like
  • 00:15:44
    especially in digital products because
  • 00:15:45
    there is so little quality control and
  • 00:15:47
    digital products like I was saying with
  • 00:15:48
    online courses you have to make sure
  • 00:15:49
    that it is good enough to solve the
  • 00:15:51
    problem that you are promising it solves
  • 00:15:53
    product quality is the foundation of
  • 00:15:55
    everything else you could have the best
  • 00:15:56
    marketing best sales best traffic in the
  • 00:15:58
    world but if your product sucks it's not
  • 00:16:00
    going to go anywhere third thing traffic
  • 00:16:02
    strategy how will people find this on a
  • 00:16:04
    recurring basis how will people find it
  • 00:16:06
    because like I said it is not build it
  • 00:16:07
    and they will come build it and they
  • 00:16:09
    will not come at all unless you tell
  • 00:16:11
    them about it over and over and over
  • 00:16:13
    again right now we've talked about
  • 00:16:14
    digital products let's move on to some
  • 00:16:15
    of the more service based stuff so the
  • 00:16:17
    first one is 101 coaching so I offered
  • 00:16:19
    that this year in the form of boxer
  • 00:16:21
    access to me to some select students
  • 00:16:24
    that opted for this so vure for those of
  • 00:16:26
    you that don't know is a voice and text
  • 00:16:27
    messaging app so they just send me any
  • 00:16:29
    questions or what they're stuck on or
  • 00:16:30
    what they need accountability on and
  • 00:16:32
    then I just reply to them basically so
  • 00:16:34
    this generated about $24,000 this year I
  • 00:16:37
    would say effort it's like a four or
  • 00:16:39
    five out of a five it's Pros are fun
  • 00:16:42
    when done with the right people so when
  • 00:16:43
    you enjoy the people that you are
  • 00:16:45
    coaching it's very fun because they're
  • 00:16:46
    very cool and you're really impressed by
  • 00:16:48
    them and everything so that's awesome
  • 00:16:50
    and it can be very fulfilling in the
  • 00:16:52
    sense that the coaching can be very
  • 00:16:54
    impactful for your students or clients
  • 00:16:56
    cons I think it's relatively High
  • 00:16:58
    barrier to entry because you need an
  • 00:16:59
    audience or some sort of credibility to
  • 00:17:01
    be able to do this like I would not have
  • 00:17:03
    been able to do this I think in my first
  • 00:17:05
    2 3 years until I had gained enough
  • 00:17:07
    knowledge to be like oh this is what I
  • 00:17:10
    can help people with and this is what I
  • 00:17:11
    can help them problem solve and also I
  • 00:17:13
    mean this kind of depends on your
  • 00:17:14
    personality type I'm on the introverted
  • 00:17:16
    side so it can be a little bit draining
  • 00:17:18
    energy wise all right next one is
  • 00:17:20
    freelancing so freelancing I scaled all
  • 00:17:22
    the way back once I started my digital
  • 00:17:24
    product business but actually last year
  • 00:17:27
    I decided to sign a business manager
  • 00:17:29
    client again because I was auditing my
  • 00:17:32
    course dbm boot camp and I wanted to be
  • 00:17:33
    sure that I wasn't somebody who was like
  • 00:17:36
    so out of touch from what they teach in
  • 00:17:37
    their digital products you know I was
  • 00:17:39
    like I'm auditing the course I want to
  • 00:17:40
    make sure that I update the course with
  • 00:17:42
    what I currently in 2024 2025 would be
  • 00:17:46
    doing with clients as well so I took on
  • 00:17:48
    a dbm client on a very small basis but I
  • 00:17:50
    love her she's amazing super cool
  • 00:17:52
    business owner super cool content
  • 00:17:53
    creator so yeah I'm really enjoying
  • 00:17:55
    helping her with project management
  • 00:17:57
    launch management managing her team all
  • 00:17:59
    that good stuff so yeah that generate
  • 00:18:01
    about $7,000 this year I also did a
  • 00:18:02
    little bit of Consulting for other
  • 00:18:04
    people's businesses but yeah $7,000 with
  • 00:18:06
    very very little time commitment
  • 00:18:08
    basically effort required very high
  • 00:18:10
    effort it's like oneon-one service
  • 00:18:11
    that's always the highest requirement in
  • 00:18:13
    my opinion so Pros here obviously with
  • 00:18:16
    all things freelancing I'm a huge fan
  • 00:18:18
    girl so Freedom passion interest very
  • 00:18:20
    low costs and expenses you get to work
  • 00:18:22
    with tons of cool clients going behind
  • 00:18:24
    the scenes of their business is super
  • 00:18:25
    interesting because you're like I want
  • 00:18:26
    to know how everything works cons it's
  • 00:18:29
    trading time for money if you are hourly
  • 00:18:31
    so of course there are other ways of
  • 00:18:32
    structuring your freelancing that aren't
  • 00:18:34
    hourly so for example deliverable based
  • 00:18:36
    or Project based where you just promise
  • 00:18:38
    to deliver something specific and then
  • 00:18:40
    it doesn't really matter how long you do
  • 00:18:42
    that it's also stressful if you work
  • 00:18:43
    with bad clients so that's very
  • 00:18:44
    important if you're not careful there
  • 00:18:46
    can be big cons but if you're careful
  • 00:18:47
    and you have the boundaries in place
  • 00:18:49
    then you'll probably be fine so yeah you
  • 00:18:51
    have to watch your boundaries you have
  • 00:18:52
    to manage yourself you have to yeah have
  • 00:18:55
    clear scope and I have videos on all of
  • 00:18:56
    these things if you need help with all
  • 00:18:58
    those things but my lesson here and I
  • 00:19:01
    really think this is interesting is the
  • 00:19:03
    8020 is real 80% of your results come
  • 00:19:05
    from 20% of your input for me if you
  • 00:19:08
    look at this income stream graph I mean
  • 00:19:09
    you can see the 8020 right like a tiny
  • 00:19:11
    portion of my offering makes up at least
  • 00:19:14
    80% of my income so do not divide your
  • 00:19:16
    attention time energy into 10 different
  • 00:19:18
    paths focus on one which is what I did
  • 00:19:21
    with dban boot camp I focused on it very
  • 00:19:23
    intensely for a very long time I set up
  • 00:19:26
    the right systems I set up the right
  • 00:19:28
    product validation I set up the right
  • 00:19:29
    traffic strategies and I still invest
  • 00:19:31
    heavily into the traffic strategies so
  • 00:19:33
    most of my energy also goes to dbn boot
  • 00:19:34
    camp and then creat systems for it then
  • 00:19:37
    diversify into other income streams and
  • 00:19:39
    that is like one of the biggest
  • 00:19:40
    takeaways I want you to have from this
  • 00:19:41
    video is make sure you are not starting
  • 00:19:44
    15 different things at the same time
  • 00:19:45
    that is doing yourself a disservice
  • 00:19:47
    because you don't even give yourself
  • 00:19:49
    enough time and energy to get good at
  • 00:19:50
    one thing then all right so now let's
  • 00:19:52
    talk about Creator related income
  • 00:19:53
    streams because I did not realize this
  • 00:19:55
    until somebody said to me earlier this
  • 00:19:56
    year like oh yeah day as a YouTuber day
  • 00:19:58
    as a content creator I was like what a
  • 00:20:01
    YouTuber seems drastic of an identity
  • 00:20:04
    and they're like you've been making
  • 00:20:05
    YouTube videos weekly for like years
  • 00:20:07
    haven't you and I'm like yeah but I
  • 00:20:10
    wouldn't call myself a YouTuber there
  • 00:20:11
    are differences to being a content
  • 00:20:13
    creator and being a business owner for
  • 00:20:14
    sure so I want to talk about the income
  • 00:20:17
    that comes from content creation is
  • 00:20:18
    specifically separate from the business
  • 00:20:20
    side essentially okay so 2016 like I
  • 00:20:22
    said started freelancing right 2021 I
  • 00:20:25
    started uploading videos about
  • 00:20:26
    freelancing twice a week on YouTube then
  • 00:20:28
    a year after my YouTube was monetized so
  • 00:20:32
    I made like 50 to 100 videos before my
  • 00:20:35
    YouTube was monetized just for contact
  • 00:20:38
    and then 2023 I started taking Tik Tok
  • 00:20:40
    more seriously I posted more and this
  • 00:20:43
    year I started making money through the
  • 00:20:45
    Tik Tok creative program so let's talk
  • 00:20:48
    about it YouTube AdSense roughly this
  • 00:20:50
    year I made about
  • 00:20:52
    $22,000 I would say effort for YouTube
  • 00:20:55
    one of the hardest things I've ever done
  • 00:20:56
    I'll be super honest I did not expect
  • 00:20:58
    expect YouTube to be this much work
  • 00:21:01
    luckily the pros are I enjoy it I really
  • 00:21:03
    enjoy it I find it very interesting I
  • 00:21:05
    find it fun I love the educational
  • 00:21:07
    content I love structuring content I
  • 00:21:08
    love working with my team I love reading
  • 00:21:11
    comments and talking with you guys I
  • 00:21:12
    feel like once I got into this mindset
  • 00:21:15
    of like I'm building my dream business
  • 00:21:17
    friend community on YouTube that's when
  • 00:21:20
    I was like oh this is fun you know so
  • 00:21:23
    yeah I get to learn a lot of valuable
  • 00:21:24
    skills that I find very interesting
  • 00:21:25
    planning editing visuals thumbnails
  • 00:21:27
    scripting design it's a lot of human
  • 00:21:29
    psychology related in YouTube as well so
  • 00:21:31
    I love that um growing a community of
  • 00:21:33
    people that love what I love I love that
  • 00:21:35
    cool new friends yeah very cheesy but
  • 00:21:37
    love it um and I think YouTube has one
  • 00:21:40
    of the best Creator monetization
  • 00:21:41
    programs that I have seen of most of the
  • 00:21:43
    social media platforms and YouTube I
  • 00:21:46
    think has way more longevity than other
  • 00:21:48
    forms of content like short form content
  • 00:21:50
    and your backlog on YouTube is extremely
  • 00:21:52
    valuable I almost treat it like a
  • 00:21:53
    portfolio like people will sometimes
  • 00:21:55
    find my video and then be like I watched
  • 00:21:57
    all your other videos with YouTube the
  • 00:21:59
    search engine is quite good and it's
  • 00:22:01
    also on like Google that if people are
  • 00:22:03
    looking for something and you have good
  • 00:22:05
    keywords in some of your older videos
  • 00:22:07
    that gives it a chance to succeed beyond
  • 00:22:09
    the first whatever two weeks cons not as
  • 00:22:12
    easy as it seems to make livable money
  • 00:22:15
    it took me years to make livable money
  • 00:22:20
    from YouTube and it is a bit
  • 00:22:22
    unpredictable as well so you can see
  • 00:22:24
    here even in the graph that like middle
  • 00:22:26
    of this year we had a bit of a popup off
  • 00:22:28
    here on YouTube so I made great money in
  • 00:22:31
    those months but then it dips back down
  • 00:22:33
    so yeah so roughly now it's like 1.8k to
  • 00:22:36
    2K a month which if I were to scrimp I
  • 00:22:39
    could live off of that um so but yeah I
  • 00:22:42
    need to use that to pay my YouTube team
  • 00:22:44
    so so I can't use that to live off of so
  • 00:22:47
    and another one it's a very very
  • 00:22:48
    long-term game yeah you could make
  • 00:22:50
    content for months or years with very
  • 00:22:52
    few viewers and 0 and that's just a
  • 00:22:54
    commitment you have to make if you feel
  • 00:22:55
    deeply called to do it and it's more
  • 00:22:57
    complicated than I originally thought
  • 00:22:59
    it's definitely way more complicated
  • 00:23:00
    YouTube has way more skills involved
  • 00:23:01
    than I originally thought I thought it
  • 00:23:02
    was just make good content the rest will
  • 00:23:05
    figure itself out Tik Tok paid me I
  • 00:23:07
    don't think I'm allowed to say exactly
  • 00:23:08
    how much but they paid me less than $500
  • 00:23:10
    this year and this year I also did a 100
  • 00:23:13
    day posting challenge so I posted at
  • 00:23:16
    least 100 times on Tik Tok this year
  • 00:23:18
    girls it's easier for sure obviously
  • 00:23:20
    lower barrier to make short form content
  • 00:23:22
    than long form long form YouTube videos
  • 00:23:24
    take us hours and hours and hours and
  • 00:23:26
    hours and me and my team short form I'll
  • 00:23:28
    say maybe it takes like 20 to 30 minutes
  • 00:23:30
    if I try really hard to make one short
  • 00:23:32
    form video and you can do it with your
  • 00:23:33
    phone so very low barrier to entry cons
  • 00:23:35
    it takes a while to get good at the
  • 00:23:37
    skill like most skills it takes time to
  • 00:23:39
    figure it out and to figure out what
  • 00:23:41
    people want to hear from you to figure
  • 00:23:42
    out the hook to figure out pacing and
  • 00:23:45
    also honestly very little money from the
  • 00:23:46
    Tik Tok monetization program to be very
  • 00:23:49
    Frank yeah and very unpredictable you do
  • 00:23:52
    not know what will pop up there was one
  • 00:23:54
    video I was sitting on for weeks and
  • 00:23:55
    weeks and weeks and I was like oh I
  • 00:23:57
    don't know if I should post this I don't
  • 00:23:58
    know if people will like it now it's my
  • 00:24:00
    most viewed video and it has generated
  • 00:24:02
    the most amount of Revenue all right
  • 00:24:03
    affiliate I will just say the caveat
  • 00:24:05
    here is I did not take this seriously so
  • 00:24:08
    again shame shame on me but I just never
  • 00:24:11
    take affiliate marketing that seriously
  • 00:24:12
    I'm like you need so much to make it
  • 00:24:14
    work like a lot of affiliate programs
  • 00:24:16
    pay you peanuts um and you just need
  • 00:24:19
    like such big volume that I'm like if I
  • 00:24:21
    focus too much on this it will draw away
  • 00:24:22
    Focus From the 8020 products everything
  • 00:24:25
    you choose to do comes at a sacrifice to
  • 00:24:27
    something else ort I think it's
  • 00:24:29
    generally easy when it's done
  • 00:24:30
    authentically and ethically and you can
  • 00:24:33
    promote products you genuinely like like
  • 00:24:34
    I love it when like fashion creators
  • 00:24:36
    show me cool outfits and they're like I
  • 00:24:38
    linked all of these items in my link in
  • 00:24:40
    BIO and they affiliate links I love that
  • 00:24:41
    but the cons here is you need an
  • 00:24:43
    audience or serious traffic strategy to
  • 00:24:47
    make good money from this like I said if
  • 00:24:50
    they pay you so little like sometimes
  • 00:24:51
    it's like a couple sents for different
  • 00:24:53
    things what I have found works pretty
  • 00:24:54
    good and what most of this comes from is
  • 00:24:56
    me mentioning tools that I use in my
  • 00:24:58
    business and then including an affiliate
  • 00:25:00
    link so for example I use tools like
  • 00:25:01
    notion so I have a notion affiliate link
  • 00:25:03
    so if anybody ever pays for notion and
  • 00:25:05
    goes on a paid plan then I get a small
  • 00:25:07
    cut of that air table has an affilia
  • 00:25:09
    program for every person that I
  • 00:25:11
    recommend they give me $10 credit in air
  • 00:25:13
    table so I have like $5,000 air table
  • 00:25:16
    credits because I've referred hundreds
  • 00:25:18
    of people to air table but they you
  • 00:25:20
    can't cash that out it's like credits
  • 00:25:21
    and air table so I will be using air
  • 00:25:23
    table till the day I die for free I
  • 00:25:25
    think yeah I have a big list of
  • 00:25:26
    affiliate links and you know what I'm
  • 00:25:28
    gonna put them all in the description
  • 00:25:30
    box so if there's any tool you want to
  • 00:25:31
    use that I use and you want to use my
  • 00:25:35
    affiliate link that would be super cool
  • 00:25:36
    but obviously no pressure don't buy
  • 00:25:38
    anything you don't need and you don't
  • 00:25:39
    have as much cons control over affiliate
  • 00:25:42
    stuff because you don't control the
  • 00:25:43
    products as much as if you sell your own
  • 00:25:45
    stuff so that's another con that I W
  • 00:25:46
    mention so those are my income streams
  • 00:25:48
    those are roughly how it breaks down you
  • 00:25:49
    can see dbm boot camp is roughly
  • 00:25:51
    62.4% of the income stream from the past
  • 00:25:55
    11 months again I did this January 1st
  • 00:25:57
    to December 1st because I'm filming this
  • 00:25:59
    in the first week of December so I can't
  • 00:26:01
    get you all of December's data I'm very
  • 00:26:02
    sorry um and then it was one1 coaching
  • 00:26:05
    then it was YouTube then it was
  • 00:26:07
    royalties which sorry I forgot to
  • 00:26:08
    mention but the side business that I
  • 00:26:10
    started with my partner Max um we licens
  • 00:26:14
    the products that we created to other
  • 00:26:16
    websites and they pay us royalties based
  • 00:26:19
    on how many people consume the products
  • 00:26:21
    that we licensed to them so that's what
  • 00:26:22
    the royalties are just so you know cool
  • 00:26:25
    so let's talk
  • 00:26:26
    2025 so staying in 2025 obviously DB and
  • 00:26:30
    boot camp I love it it's my baby it's my
  • 00:26:32
    pride and joy YouTube I Love YouTube I
  • 00:26:35
    enjoy Tik Tok as well I think I will
  • 00:26:36
    dabble in it a bit more but I don't
  • 00:26:38
    think I really take it seriously as a
  • 00:26:40
    monetization strategy or like an income
  • 00:26:42
    stream so I'll just do it if I enjoy it
  • 00:26:44
    but I'm not going to take it that
  • 00:26:45
    seriously Affiliates starting with me
  • 00:26:48
    putting all the affiliate links I have
  • 00:26:49
    in the description box I'm going to take
  • 00:26:51
    it more seriously in 20125 and see what
  • 00:26:53
    happens and I'll report back also
  • 00:26:55
    smaller one-on-one offers I think this
  • 00:26:57
    year offering boxer access was really
  • 00:26:59
    nice for me I really enjoyed it so I
  • 00:27:00
    think I will do a little bit more of
  • 00:27:01
    that in the future and I think it gets
  • 00:27:03
    people better results sometimes when
  • 00:27:05
    they can get a quick answer from me
  • 00:27:07
    directly doing less of next year low
  • 00:27:10
    price products I mean you can see like
  • 00:27:13
    most of them I felt required so much
  • 00:27:15
    work and it's not that you can't make
  • 00:27:17
    great money from low priced products
  • 00:27:19
    it's that you need to go all in on low
  • 00:27:21
    pric products you have to fully invest
  • 00:27:23
    in building yourself out as like a shop
  • 00:27:26
    or you need to have really good product
  • 00:27:28
    validation and ideation and making sure
  • 00:27:30
    that your products are actually going to
  • 00:27:31
    fly off the shelves so it's not that
  • 00:27:33
    they don't work I know people who run
  • 00:27:35
    multi6 figure or even seven fig
  • 00:27:37
    businesses selling low pric product it
  • 00:27:40
    just takes a lot of time and dedication
  • 00:27:42
    and like we always talk about your time
  • 00:27:44
    and energy is finite so everything you
  • 00:27:46
    put into one product is something you're
  • 00:27:48
    taking away from another product I'm
  • 00:27:49
    also going to do less kits and bundles
  • 00:27:51
    same reason and they're way more work
  • 00:27:52
    DIY courses I also feel this is my
  • 00:27:54
    little gut feeling if you've stayed this
  • 00:27:56
    long that you can hear my little
  • 00:27:59
    conspiracy theories about online
  • 00:28:00
    business but I actually think DIY
  • 00:28:02
    courses is slowly becoming less popular
  • 00:28:07
    because people are looking for
  • 00:28:08
    accountability action taking and new
  • 00:28:10
    things next year that I want to
  • 00:28:12
    potentially do brand sponsorship so I am
  • 00:28:14
    about to sign I mean knock on what it's
  • 00:28:16
    going to happen but I'm about to sign a
  • 00:28:18
    contract for my first ever brand sponsor
  • 00:28:20
    here on YouTube very exciting we're
  • 00:28:23
    outlining the videos right now so that's
  • 00:28:25
    yeah probably going to happen early next
  • 00:28:27
    year we'll see
  • 00:28:28
    profit sharing um if you have watched
  • 00:28:30
    some of my past videos you'll know that
  • 00:28:32
    I am in the process of helping my video
  • 00:28:34
    editor Maya make a course and we are
  • 00:28:35
    going to do some sort of profit share
  • 00:28:36
    for that I think that's a really cool
  • 00:28:38
    model because I really believe in her
  • 00:28:40
    I'm investing in her building this
  • 00:28:42
    product and then yeah I will shareing
  • 00:28:45
    the profits with her hopefully and
  • 00:28:47
    potentially podcast ads so potentially
  • 00:28:48
    if there is a new podcast coming next
  • 00:28:50
    year with one of my friends if there is
  • 00:28:52
    that then potentially sponsorships in
  • 00:28:54
    the podcast and potentially I want to do
  • 00:28:56
    more live Sprints and live workshops
  • 00:28:59
    yeah I just feel like live is going to
  • 00:29:00
    come back a little bit now if you want
  • 00:29:02
    to see how much money it takes to run my
  • 00:29:04
    business AKA how much I pay my team
  • 00:29:06
    members how much I pay for tools what
  • 00:29:09
    kind of tools I use all of that good
  • 00:29:10
    stuff then you can watch that video here
  • 00:29:13
    and as always thank you so much for
  • 00:29:15
    hanging out and I hope to see you in the
  • 00:29:17
    next one okay bye byebye
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