I Discovered the Best Businesses to Start - These Make Me $100K/Month
Summary
TLDRIn this video, the speaker reveals how they earned over $100,000 in a month through various online businesses and shares strategies for potential replication. They discuss selling digital products, leveraging print-on-demand services, engaging in affiliate marketing, starting an agency, and offering freelance writing services. The speaker emphasizes the importance of identifying a niche, creating quality content, and utilizing platforms like Etsy, Teachable, and social media for promotion. They also highlight the effectiveness of using AI tools like Canva and hosting services like Hostinger to streamline processes and maximize profitability.
Takeaways
- ๐ฐ The speaker made over $100,000 last month from online businesses and shares their strategies.
- โฐ Time is emphasized as a critical factor, suggesting that opportunities may not last long.
- ๐ The first recommended business is selling digital products, which can range from planners to online courses.
- ๐จ Digital products can be created using software like Canva and sold on platforms such as Etsy.
- ๐ฅ The script suggests researching popular trends on Etsy to recreate and sell similar digital products.
- ๐ The speaker shares their personal success with creating and selling courses in finance and business niches.
- ๐จ๏ธ Print on demand is introduced as a business model where custom products are sold without holding inventory, using Printify.
- ๐จ Artwork is highlighted as a top-selling product in print on demand, and DALL-E is recommended for creating AI-generated designs.
- ๐ Affiliate marketing is described as a lucrative business, where the speaker earns over $50,000 a month by promoting products with unique links.
- ๐ Pinterest is recommended for affiliate marketing due to its visual nature and the speaker's personal success with the platform.
- ๐ข Starting an agency is presented as a scalable business model, where the founder manages a team to provide services to clients.
- โ๏ธ Freelance writing is positioned as a high-demand skill, made easier with AI assistance, and can be marketed on platforms like Fiverr and Upwork.
Q & A
How much money did the speaker claim to make last month from online businesses?
-The speaker claimed to have made over $100,000 last month.
What is the first business opportunity the speaker suggests to start?
-The first business opportunity suggested is selling digital products.
What are some examples of digital products one can sell according to the speaker?
-Examples of digital products include planners, artwork, journals, courses, and online cookbooks.
What platform does the speaker recommend for creating and selling digital products?
-The speaker recommends using Teachable to create and sell digital products.
How does the speaker suggest finding ideas for digital products to sell on Etsy?
-The speaker suggests searching for planner, notebook, and journal on Etsy to see what is trending and popular.
What is the second business opportunity discussed in the script?
-The second business opportunity is print on demand.
How does print on demand work according to the speaker?
-Print on demand allows you to sell custom products without holding any inventory. You create a product with Printify, and they handle the production and shipping when a customer orders.
What is the recommended product to design and sell using print on demand?
-The speaker recommends designing and selling custom artwork as it tends to sell the best.
What tool does the speaker suggest for creating custom artwork for print on demand?
-The speaker suggests using a website called DALL-E to create custom artwork using AI.
What is the third business opportunity the speaker introduces?
-The third business opportunity is affiliate marketing.
How much money does the speaker claim to make from affiliate marketing?
-The speaker claims to make over $50,000 a month from affiliate marketing.
What platform does the speaker recommend for starting with affiliate marketing?
-The speaker recommends starting with Pinterest for affiliate marketing.
What is the fourth business opportunity mentioned in the script?
-The fourth business opportunity is starting an agency.
What does the speaker suggest as a good service to offer when starting an agency?
-The speaker suggests offering a service that you are good at, such as video editing, writing, or scripting.
What is the fifth business opportunity discussed by the speaker?
-The fifth business opportunity is freelance writing.
How does the speaker recommend marketing oneself as a freelance writer?
-The speaker recommends marketing oneself on platforms like Fiverr and Upwork, and also using social media to attract clients.
What advice does the speaker give for choosing a business to start?
-The speaker advises figuring out which business is best for you and then going all in on it.
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