Worst ways to make MONEY ONLINE! ❌ (and BEST WAYS EXPLAINED ☝️)

Summary

The video script discusses the current craze of making money online and warns against common scams targeting those eager to earn. It highlights five trendy yet potentially deceptive methods, such as betting apps, fantasy apps, and prediction gaming apps, which promise easy money but often lead to loss of time, effort, and funds. The speaker emphasizes the importance of building a personal brand and scaling up through an agency model rather than remaining a freelancer. They also advise against getting involved in referral schemes and affiliate marketing without proper understanding and application of the courses or products being promoted. The key takeaway is to focus on valuable skills, real business, and personal branding for sustainable income generation.

Takeaways

• 😀 The current trend of making money online is very intense and filled with scams targeting those eager to earn money online.
• 😐 The speaker admits that many of his own videos have promoted the idea of learning video editing, graphic designing, and web development as ways to earn money online.
• 🚫 The video's topic is about how not to make money online, which is a new and unexplored angle compared to the usual advice.
• 📺 The speaker encourages viewers to watch the entire video and engage by liking and subscribing if they find it interesting.
• 💸 There are many scams in the market that exploit people's desire to earn money online by providing misleading guidance and wasting their time, effort, and money.
• 🎰 The speaker warns against betting apps, fantasy apps, and prediction gaming apps that are trendy but can lead to addiction and financial loss.
• 🤔 He emphasizes that while these apps claim you can earn a lot of money from home, in reality, the companies and influencers make the profits, not the users.
• 📈 The speaker mentions various educational programs and courses for improving skills like English and competitive exams, suggesting that investing in genuine learning can be more valuable.
• 🛠️ He advises against starting solely as a freelancer and instead suggests building a portfolio and credibility first, then scaling up to an agency model with a team.
• 👨‍🏫 The importance of creating a personal brand around your skills is highlighted, as it can lead to opportunities to teach others and earn more.
• 📉 The speaker criticizes the idea of making money through referral and survey filling apps, stating that they are a waste of time and energy.

Q & A

What is the main topic of the video?

The main topic of the video is about how not to earn money online and to avoid common scams and unproductive methods.

Why does the speaker criticize betting, fantasy, and prediction gaming apps?

The speaker criticizes these apps because they are highly addictive and target people who want to earn money quickly, often resulting in wasted time, effort, and money.

What common promise do these betting and fantasy apps make?

These apps commonly promise that users can earn a lot of money easily from home.

What does the speaker say about freelancing as a long-term career?

The speaker suggests that while freelancing can be a good starting point, relying solely on it for a long time can limit earnings potential. Instead, building a personal brand and transitioning to an agency model is recommended.

What is the suggested strategy for freelancers to scale their work?

The suggested strategy is to start with freelancing to build a portfolio, gain credibility, and then hire other freelancers to form an agency, thus scaling up the business.

Why does the speaker discourage participating in referral and survey schemes?

The speaker discourages these schemes because they usually offer very little financial reward for a significant amount of time and effort, which could be better spent on learning valuable skills.

What is the speaker’s view on faceless content channels?

The speaker views faceless content channels as unsustainable for long-term success. He suggests focusing on personal branding and creating valuable content that people can relate to.

What example does the speaker give to explain the importance of personal branding?

The speaker gives the example of successful educators and influencers who earn more by teaching skills like IAS preparation or software development rather than just performing those skills.

What is the speaker’s opinion on multi-level marketing (MLM) and affiliate marketing schemes?

The speaker is critical of both MLM and certain affiliate marketing schemes, describing them as unproductive and often exploitative, focusing more on recruiting others rather than providing real value.

What advice does the speaker give for genuinely earning money online?

The speaker advises focusing on building real skills, creating a personal brand, and offering valuable services or products. He also suggests moving from freelancing to building an agency and educating others once you have established credibility.