Easy Way To Make Money Online If You’re Broke in 2024 ($21,495/Month)

Summary

This video script outlines a method for generating passive income through a print-on-demand business model using the platform Gelato. It details how to set up an Etsy store, create seasonal product designs with AI tools like Chat GPT, and automate the entire sales process. The script emphasizes the importance of SEO-friendly titles, descriptions, and tags for products, as well as the benefits of offering free shipping to boost sales. The narrator guides viewers step-by-step through the process, from design creation to store setup, highlighting the potential for significant monthly earnings with minimal effort.

Takeaways

• 💰 A side hustle selling products through an online store can generate significant income, with one example earning over $20,000.
• 🏪 The store 'shop scotla' has made $253,000 since its founding in December 2021, averaging to about $125,000 annually.
• 📊 Despite a conversion rate of 2.07%, the store has managed to achieve 1,519 sales, demonstrating the importance of understanding metrics beyond just conversion rates.
• 🌐 The business model revolves around print-on-demand, which eliminates the need for inventory, shipping, and returns, making it a passive income source.
• 🎨 The platform 'gelato' is highlighted as a key tool for automating the product creation process, offering a wide range of products and print-on-demand services.
• 🌍 Gelato's global reach with over 140 partners in 32 countries and integration with e-commerce platforms like Etsy and Shopify is emphasized.
• 🎭 The script suggests using AI tools like Chat GPT for generating product designs and descriptions, streamlining the product creation process.
• 🎭 The video provides a step-by-step guide on setting up an Etsy store, emphasizing the platform's suitability for beginners due to its built-in customer base.
• 📈 The video script includes a strategy for creating seasonal and holiday-based products, capitalizing on Google Trends and consumer behavior.
• 🔗 The presenter offers additional resources and videos for further learning on how to maximize online income through similar methods.

Q & A

How much money has the side hustle mentioned in the script reportedly made?

The side hustle has reportedly made over $20,000.

What is the name of the store that has reportedly made $253,000?

The store's name is 'shop scotla'.

How long has the store 'shop scotla' been in operation?

The store has been in operation since December 26, 2021, which is almost 2 years.

What is the reported annual passive income of 'shop scotla'?

The reported annual passive income is approximately $125,000.

What is the conversion rate of the store as mentioned in the script?

The conversion rate of the store is reported to be 2.07%.

How many sales has the store made according to the script?

The store has made $1,519 sales.

What is the reported monthly passive income of the store?

The reported monthly passive income is $7,881.

What is the name of the website used to set up and automate the store as per the script?

The website used to set up and automate the store is called 'gelato'.

What type of business model does gelato operate on?

Gelato operates on a print-on-demand business model.

What is the benefit of using gelato mentioned in the script?

Using gelato allows entrepreneurs to create and sell custom products globally without worrying about inventory or logistics.

What is the significance of the upcoming holiday mentioned in the script for the store's sales?

The upcoming holiday, Halloween, is significant for the store's sales because it allows the store to sell seasonal holiday event-based products.

What is the recommendation for generating art designs for the products as per the script?

The recommendation for generating art designs is to use Chat GPT for simplicity and speed, although other options like Mid Journey on Discord or Leonardo AI are also mentioned.

What platform is suggested for creating and selling the products in the script?

Etsy is suggested as the platform for creating and selling the products due to its user-friendly nature for beginners.

What is the recommended profit margin to set on the products according to the script?

The script recommends a 30% profit margin on the products for better sales.

How does the script suggest one can expect to make more sales with a lower price point?

The script suggests that by setting a lower price point, one can expect to make more sales due to increased affordability and attractiveness to buyers.