I Found The Best Way to Make Money Online in 2024 (BRAND NEW)

Summary

The video script introduces a groundbreaking online money-making method through TikTok Shops, which has been gaining significant traction. The presenter, an experienced online entrepreneur, highlights the potential for substantial earnings with low competition, as evidenced by new creators making thousands of dollars in their first month. The method involves leveraging the TikTok Shop Affiliate or Creator program to create simple videos about products, earning commissions on sales without the need for inventory or shipping. The script offers a step-by-step guide on how to get started, find profitable products, create effective videos, and even double earnings by also utilizing the Amazon Influencer program. It emphasizes the importance of early adoption for maximizing profits and promises further tutorials to optimize this opportunity.

Takeaways

• 😲 A new online money-making method is introduced that the speaker believes is highly lucrative and has low competition.
• 📈 The method involves leveraging TikTok's growing influence, particularly its new feature, TikTok Shops, which aims to compete with Amazon.
• 🎥 Beginners with no audience can reportedly make over $10,000 in their first month using this method, as showcased by various success stories.
• 🛍️ TikTok Shops allows users to create a shop associated with their TikTok account to sell products, with two main approaches being dropshipping and brand partnerships.
• 📱 The method described does not require creating a TikTok Shop, handling products, or dealing with logistics; it focuses on the TikTok Shop affiliate or creator program.
• 📈 The affiliate program offers commissions ranging from 5% to 20% of total sale value for promoting products through videos.
• 🚀 The importance of creating simple, non-Hollywood level videos that can go viral and generate significant revenue is emphasized.
• 🔍 The use of a tool called 'cow data' is recommended for researching product trends and selecting items with potential for high sales.
• 📈 The script provides a step-by-step guide on how to get started with the TikTok Shop Creator program, even without an existing following.
• 📊 The strategy involves identifying trending products, creating videos around them, and optimizing the TikTok account for better visibility and sales.
• 💰 An additional tip is given on doubling earnings by also leveraging the Amazon Influencer program alongside TikTok Shop Creator.

Q & A

What is the new online method for making money discussed in the video?

The new method discussed in the video is utilizing TikTok Shops and the TikTok Shop Affiliate or Creator program to earn commissions by creating and posting videos about products that can be purchased directly through TikTok.

How much revenue have some new creators made in their first month using this method?

Some new creators with no audience have reportedly made more than $10,000 in their very first month using this method.

What is the significance of TikTok's market share growth mentioned in the video?

TikTok's market share growth is significant because it is encroaching on Google's search engine market share, particularly among younger users, and is also launching a competitor to Amazon with TikTok Shops.

What are the two primary ways people are using TikTok Shops as mentioned in the video?

The two primary ways people are using TikTok Shops are through dropshipping, sourcing directly from places like China, and by big brands creating their own TikTok Shops.

How does the TikTok Shop Affiliate or Creator program work?

The TikTok Shop Affiliate or Creator program works by allowing creators to make simple videos about products. If a viewer watches the video and purchases the product directly from the video, the creator earns a commission, typically between 5% to 20% of the total sale value.

What is the role of 'cow data' in this new method?

Cow data is a product that helps users analyze and find which products are making a lot of money on TikTok Shops. It provides data on sales, revenue, and trends, helping creators decide which products to make videos about.

How does the video creator suggest one can get started with this method even without a following?

The video creator suggests that even without a following, one can get started by signing up to be a TikTok shop owner, which automatically gives access to the affiliate program, and then creating content to post on TikTok.

What is the importance of having a TikTok account for this method?

Having a TikTok account is important because it is the platform where the content is posted, and it is through these videos that viewers can click and purchase products, leading to potential commissions for the creator.

What does the video suggest as a strategy for finding products to make videos about?

The video suggests using 'cow data' to find products that are currently selling well or showing steady growth, and then making videos about those products to capitalize on their popularity.

How can creators obtain products to make videos about without incurring costs?

Creators can obtain products without costs by requesting free samples from sellers, using products they already own, purchasing products with the expectation of recouping costs through sales, or using similar products from different brands.

What is the hack mentioned at the end of the video to potentially double the earnings?

The hack mentioned is to also upload the videos to Amazon's influencer program, which is similar to TikTok's affiliate program, thereby doubling the chances of earning commissions from the same content.