4 Best Ways To Make $10,000/Month In 2024

Summary

In this video, the presenter shares four effective methods to earn $10,000 a month, suitable for both novice and experienced entrepreneurs. The first method, drop servicing, involves outsourcing digital services while maintaining client relationships. Next, drop shipping is highlighted, focusing on high-ticket items for businesses to avoid saturation. Affiliate marketing through blogging or YouTube is discussed, emphasizing niche selection and SEO for traffic generation. Finally, the art of copywriting is presented as a lucrative opportunity, leveraging cold emailing to secure clients. Each method offers unique avenues for online income, encouraging viewers to explore these entrepreneurial paths.

Takeaways

• 💼 Drop servicing allows you to offer services without doing the work yourself by outsourcing to third parties.
• 💡 Choose a niche you're knowledgeable about or interested in for your drop servicing business.
• 🔍 Research and find skilled providers with excellent reviews and affordable prices on platforms like Fiverr.
• 🌐 Create a website or social media page to showcase your services and attract clients.
• 📈 For drop shipping, focus on high-ticket items to avoid competition and increase profit margins.
• 🚀 Affiliate marketing involves advertising someone else's products and earning commissions on sales.
• ✍️ Niche down for affiliate marketing by selecting specific topics with low competition and high search volume.
• 🎥 Building a YouTube channel is an effective way to grow your audience for affiliate marketing.
• 📄 Mastering copywriting can lead to significant earnings, as it's a key skill for effective advertising.
• 📧 Cold emailing local businesses can help you acquire clients for copywriting without requiring hourly fees.

Q & A

What is drop servicing?

Drop servicing is a business model where you offer services to clients but outsource the actual work to third-party providers while keeping the profit margin.

How can one start a drop servicing business?

To start a drop servicing business, choose a niche and service, research third-party providers, create a website or social media presence, and begin marketing using methods like cold emailing or social media outreach.

What are some practical steps for successful drop servicing?

Some practical steps include selecting a niche you know about, finding reliable third-party providers, marketing your services effectively, and potentially hiring salespeople.

What challenges exist in drop shipping?

Challenges in drop shipping include high competition and low profit margins when selling to consumers, making it more lucrative to focus on high-ticket products sold to businesses.

What is affiliate marketing?

Affiliate marketing involves promoting someone else's products and earning a commission for each sale made through your referral.

What methods can one use to grow an audience for affiliate marketing?

Two effective methods to grow an audience for affiliate marketing are creating a blog and building a YouTube channel.

What is the importance of niching down in blogging for affiliate marketing?

Niching down is important as it allows you to target specific, less competitive areas with high search volume, making it easier to attract organic traffic.

How can copywriting help in making money online?

Copywriting allows you to sell through the written word, enabling you to generate substantial income by providing persuasive content for businesses.

What is a recommended approach to find clients for copywriting?

A recommended approach is cold emailing local businesses, offering them personalized samples of your work to showcase your value.

How can copywriters charge for their services?

Copywriters can charge either per project or on a retainer basis, allowing for flexible pricing structures that can lead to significant monthly earnings.