How to make $10k a month if you're broke & have no skills (start here)

Summary

The speaker shares his journey from a freelancer to a successful entrepreneur, emphasizing the importance of starting with a service-based business before transitioning into coaching or digital products. He discusses his realization that many beginners need help scaling from zero to a sustainable income, and he's considering revamping his approach to better support those starting from scratch.

Takeaways

• 😀 The speaker emphasizes that if you're between 18 and 30 years old, feeling stuck in a job you hate, and looking to make money online, there are paths to follow that can lead to financial freedom.
• 💼 The speaker shares his journey from being unable to afford luxuries like an iPad Pro to being able to make such purchases, highlighting the potential for transformation through online business.
• 🚀 He suggests that starting a coaching business or creating digital products are two of the most scalable and potentially lucrative business models, but acknowledges the initial difficulty in getting started.
• 💡 The speaker reflects on his own entrepreneurial journey, noting that he has tried various business models and found success in helping others escape the 9-to-5 lifestyle.
• 🎓 He discusses the importance of building a personal brand and gaining skills, even if it starts with freelancing, as a stepping stone to more scalable businesses like coaching or digital products.
• 💰 The speaker mentions the significance of making your first $500 online, then scaling up to $10,000, $50,000, and eventually $1 million, outlining a gradual path to financial success.
• 🔍 He critiques the 'guru' mentality, advising against blindly following others and instead focusing on learning from their successes and failures to build your own path.
• 📚 The speaker recommends specific courses and resources, such as Montel Gordon's course, for those looking to start an agency or learn about digital marketing, highlighting the value of detailed, technical knowledge.
• 🔑 He emphasizes the importance of starting with a service-based business, like freelancing on Upwork, to gain skills and experience before moving into coaching or digital products.
• 🌐 The speaker discusses the concept of a 'hybrid system' where services are combined with coaching and digital products, suggesting this as a powerful model for business growth and profitability.

Q & A

What is the target age group mentioned for individuals who might be unhappy with their jobs and looking to make money online?

The target age group mentioned is from 18 to 30 years old.

What does the speaker suggest as a possible solution for those who are tired of the 9-to-5 job and want to escape the traditional work system?

The speaker suggests starting an online business, specifically focusing on coaching or digital products, as a way to escape the traditional 9-to-5 job.

What is the significance of the new iPad Pro purchase mentioned in the script?

The purchase of the new iPad Pro serves as a prompt for the speaker to create the video content and also symbolizes a milestone of personal success achieved through online business.

What are the two types of businesses the speaker believes are the most difficult to start but also the most scalable?

The speaker believes that coaching businesses and digital products are the most difficult to start but also the most scalable.

What is the term used by the speaker to describe the process of helping people transition from a 9-to-5 job to starting their own business?

The term used by the speaker is 'agency transmutation'.

What does the speaker consider as the most eye-opening realization in the last 12 months as a business owner?

The most eye-opening realization is the ability to take a brand new offer and a brand new business from zero to multiple six-figure rates in a matter of days and sustain it long term.

What is the speaker's view on the effectiveness of cold outreach for client acquisition in the current business environment?

The speaker does not believe in cold outreach as an effective method for client acquisition, suggesting that it is not as impactful as other methods such as using ads for lead generation.

What is the 'hybrid system 2.0' the speaker refers to and what does it involve?

The 'hybrid system 2.0' refers to an updated method of acquiring clients using a combination of freelancing platforms like Upwork and AI to automate tasks such as writing proposals, with the aim of quickly scaling to a profitable agency.

What is the speaker's opinion on the importance of building a personal brand for long-term success in the online business space?

The speaker believes that building a personal brand is crucial for long-term success, as it can transition into more lucrative areas such as coaching and digital products.

What mistake does the speaker acknowledge making in their approach to helping beginners in the online business space?

The speaker acknowledges turning away beginners who could have been helped, focusing instead on those who were already making some income, and not providing the foundational support needed for those starting from scratch.

What is the speaker's proposed solution for individuals with no skills to start making money online?

The speaker proposes starting as a freelancer on platforms like Upwork, learning the skills by doing the work, and then scaling up to an agency model before transitioning into coaching or digital products.