How I Made $4.9M Online At 22 So You Can Just Copy Me

Summary

This video shares the inspiring journey of a 22-year-old who went from earning minimum wage at Tim Horton to making over $5 million a year. The creator outlines four key steps, from saving money at a young age to eventually mastering affiliate marketing. They discuss the importance of developing a strong work ethic, learning from failures, and the power of persistence. The video aims to motivate and guide viewers on their path to financial success.

Takeaways

• 💼 Start with a strong work ethic: The speaker emphasizes the importance of developing a strong work ethic early in life, which helped them save $5,000 in their first year of work.
• 💰 Save money early: The speaker advises saving as much money as possible from an early job to invest in future business ventures.
• 📈 Learn from failure: A key takeaway is the importance of learning from business failures, such as the speaker's dropshipping venture that initially lost money.
• 🎓 Develop marketing skills: The speaker highlights the necessity of acquiring marketing skills like copywriting, video editing, and graphic design for online business success.
• 🔄 Persistence pays off: The speaker shares their experience of nearly giving up on dropshipping but ultimately finding success with a trending product, demonstrating the value of persistence.
• 🚫 Avoid unsustainable businesses: The speaker realized that dropshipping, despite initial success, was not sustainable and recommended looking for businesses with less risk.
• 📈 Diversify income streams: The speaker experimented with various income streams, including sponsorships, AdSense, affiliate marketing, and coaching, to find the most stable and scalable options.
• 🌐 Leverage social media: The speaker capitalized on the growing popularity of TikTok to share financial knowledge, which helped to grow their audience and income.
• 💹 Focus on affiliate marketing: After analyzing income streams, the speaker found affiliate marketing to be the most scalable and recommend it for beginners.
• 🏆 Achieve financial freedom: The speaker's journey culminated in earning over $5 million by age 22, allowing them to buy a dream house, travel, and take care of their family.

Q & A

How old was the speaker when they started working at Tim Horton's?

The speaker started working at Tim Horton's at the age of 15.

What was the speaker's initial monthly income from their online business?

The speaker initially made $0 per month from their online business after spending $500 on advertising.

How much money did the speaker save in their first year of working at a minimum wage job?

The speaker was able to save $5,000 in their first year of working at a minimum wage job.

What skill did the speaker develop early on that they credit for their later success?

The speaker developed a strong work ethic early on, which they credit for their later success.

What was the first online business model the speaker tried?

The first online business model the speaker tried was Drop Shipping.

How much money did the speaker lose when they first tried Drop Shipping?

The speaker lost over $5,000 when they first tried Drop Shipping.

What was the turning point that led to the speaker's success in Drop Shipping?

The turning point was when the speaker tested a dog water bottle product that was trending and viral, which led to a profit of over $60,000 in six months.

Why did the speaker decide to close down their Drop Shipping stores?

The speaker decided to close down their Drop Shipping stores because they realized the business wasn't sustainable and required high-level skills and could be risky.

What platform did the speaker use to share their finance knowledge and gain popularity?

The speaker used TikTok to share their finance knowledge and gain popularity.

How did the speaker diversify their income streams after achieving success with Drop Shipping?

The speaker diversified their income streams by getting sponsorships, selling affiliate products, and coaching, in addition to their YouTube channel.

What business model did the speaker recommend for beginners and why?

The speaker recommended affiliate marketing for beginners because it doesn't require creating your own product, doesn't need thousands of dollars to start, and is scalable with the skill of creating viral content.

What was the speaker's total income by the age of 22?

By the age of 22, the speaker was making over $5 million.