4 Lazy Ways Beginners Can Make Money Online ($150/Day) in 2024

Summary

This video introduces four lazy yet effective ways to make money online, emphasizing automation and minimal ongoing effort. The methods include setting up a dropshipping system to sell products across platforms like eBay, Shopify, and TikTok; participating in the Amazon Influencer program by making product review videos; starting a faceless YouTube channel with minimal content creation; and investing in index funds for passive income. Each method allows for upfront work followed by automated income generation, making them ideal for those seeking to earn while maintaining flexibility in their lifestyle.

Takeaways

• 💡 *Lazy Income Setup*: The script focuses on setting up businesses that require initial effort but become automated later, allowing for passive income generation.
• 🚛 *Drop Shipping*: One of the main methods discussed is creating a drop shipping system. This involves selling products online without owning inventory and using tools like Zeke Analytics and AutoDS to automate the process across multiple platforms like eBay, Shopify, and TikTok.
• 🔍 *Product Research*: Zeke Analytics is recommended to identify trending and high-demand products, helping users optimize their drop shipping profits by selecting the best items.
• 📦 *Automation Tools*: AutoDS is emphasized as a tool for managing listings and updating prices automatically across different platforms, streamlining the drop shipping process.
• 🎥 *Amazon Influencer Program*: The second method is making videos on Amazon product listings. By reviewing items and uploading videos, users can earn commissions from sales generated through their videos.
• 👍 *Faceless YouTube Channels*: Another lazy way to make money is by starting a YouTube channel without showing your face. The script highlights the potential of hobby-focused content and even simple quiz channels that can generate significant passive income.
• 🎙 *Outsourcing Content Creation*: Channels like horror stories or quiz videos can outsource voiceovers or content creation through platforms like Fiverr, making the process even more hands-off.
• 📈 *Investing in Index Funds*: The ultimate lazy method suggested is investing in index funds, which track a group of stocks and provide a steady return without the need for constant research or stock-picking.
• 💸 *High-Interest Accounts*: Another investment tip is using high-interest bank accounts to earn passive income by simply depositing money.
• 📚 *Free Resources*: The creator offers a free eBook on drop shipping to help beginners get started and encourages viewers to take advantage of this resource by clicking the link in the description.

Q & A

What is the main premise of the video?

The video discusses four 'lazy' ways to make money online, where you set up automated systems that allow you to earn income passively after the initial work is completed.

What is dropshipping and how does it work?

Dropshipping is a business model where you sell products online without holding inventory. When a customer buys a product, you purchase it from a third-party supplier who ships it directly to the customer, allowing you to profit from the price difference.

How can dropshipping be automated for passive income?

By using tools like AutoDS, which automatically manages inventory across multiple platforms (e.g., eBay, Shopify), updates product prices, and can even automate ordering from suppliers, making the process hands-off once set up.

What tools are recommended for finding popular dropshipping products?

Zeke Analytics is recommended for identifying popular, best-selling dropshipping products, which helps sellers choose profitable items to list in their stores.

What is the Amazon Influencer Program and how can one earn money from it?

The Amazon Influencer Program allows influencers to earn commissions by creating videos about products they’ve bought. When people purchase after watching these videos, the influencers receive a small commission.

What are the requirements to join the Amazon Influencer Program?

You need to have an existing audience or following, such as on Facebook or another social media platform, to get approved for the Amazon Influencer Program.

How can someone start a 'lazy' YouTube channel without much effort?

By creating faceless YouTube channels that focus on specific hobbies or interests, such as showing hands drawing, knitting, or using stock footage with voiceovers or even just text-based quizzes, avoiding the need to show your face or put much effort into production.

Can you make money on YouTube without showing your face or voice?

Yes, you can create content like stock footage with voiceovers (or hire voiceover artists), or even simpler videos like quiz content using tools like Canva without ever showing your face or recording your voice.

What is the lazy way to invest, according to the video?

The 'lazy' way to invest is by putting money into index funds that track the overall stock market. This method requires minimal ongoing effort and historically provides steady returns as the market grows over time.

Why is investing in individual stocks considered more work compared to index funds?

Investing in individual stocks requires extensive research and ongoing monitoring of company performance, which is risky and time-consuming. In contrast, index funds spread the risk across the entire market, making it a simpler, more passive investment strategy.