Lessons i have learned while trying to make some money online

Summary

The speaker expresses a strong desire to build a meaningful online business in their 20s, seeking flexibility and financial freedom beyond the constraints of a corporate job. Despite facing challenges and initial failures, they remain committed to learning from their experiences and sharing their journey. They discuss the importance of creating content that resonates with their audience and the need to avoid 'tutorial hell' by building projects early on. The speaker also emphasizes the value of reading books and learning from mistakes, while inviting viewers to subscribe and share their thoughts on entrepreneurship and personal growth.

Takeaways

• 🚀 The speaker aspires to build something meaningful in their 20s, preferring entrepreneurship over a corporate job due to the desire for flexibility and decision-making freedom.
• 💼 There's a fear of the rigidity and potential instability of corporate jobs, where mistakes could lead to job loss and financial insecurity.
• 🌐 The speaker sees the potential in building an online business, recognizing that attention on digital platforms translates to monetary opportunities.
• 🎓 Despite the common requirement for a degree in jobs, the speaker is skeptical about its value and chooses the entrepreneurial route to avoid regrets.
• 📈 The speaker acknowledges the difficulty of selling to students due to their limited financial resources, a lesson learned from launching an app for grade 12 students.
• 📚 Emphasizes the importance of reading books as a means to gain knowledge and improve oneself, despite the initial challenges faced when not being an avid reader.
• 🎥 The speaker is experimenting with YouTube as a platform for content creation, without a specific niche, in order to find what resonates with both the audience and themselves.
• 💡 The idea of financial freedom is a driving force behind the pursuit of entrepreneurship, as traditional jobs are not seen as a path to achieving the desired level of freedom.
• 🛠️ Learning from experience is highly valued, as it tends to be more impactful and memorable, which is why the speaker encourages trying and potentially failing in order to learn.
• 🤔 The speaker highlights the importance of having a clear vision for what one wants to achieve with learning new skills, such as programming, to avoid getting lost in endless tutorials.
• 🚫 A caution against relying solely on chatbots like Chat GPT for content creation, as it can feel inauthentic and not truly represent one's personality or brand.

Q & A

What is the speaker's primary goal in their 20s?

The speaker's primary goal in their 20s is to build something meaningful and their own business, rather than having a corporate job.

Why is the speaker afraid of a corporate job?

The speaker is afraid of a corporate job because they fear it would make them lazy and lack flexibility, and they dislike the idea of their financial situation being at risk due to someone else's decisions.

What does the speaker believe about having their own business?

The speaker believes that having their own business allows for making their own decisions and being flexible with their work.

Why does the speaker want to build something online?

The speaker wants to build something online because the world is increasingly digital, with everyone spending time on their phones, and they recognize that attention can translate into money.

What is the speaker's view on degrees in relation to jobs?

The speaker expresses distrust in degrees, stating that despite many jobs requiring them, they are choosing the entrepreneurial route instead.

What has the speaker's experience been so far with building an online business?

The speaker has so far failed in their attempts to launch an online business, but they are committed to continuing their efforts.

What is the speaker's view on financial freedom?

The speaker desires financial freedom and does not believe a traditional job will provide it in the way they envision.

What challenges does the speaker face with reading books for self-improvement?

The speaker finds it difficult to concentrate and focus on reading books, especially when financial concerns are on their mind.

What is the speaker's approach to creating content on YouTube?

The speaker's approach to creating content on YouTube involves experimenting with different types of videos, trying to align their interests with those of their audience.

What lessons has the speaker learned from their attempts to build an online presence?

The speaker has learned that having a good product does not guarantee sales, the importance of marketing, and the challenges of selling to certain demographics like students.

What advice does the speaker have for those learning programming or other skills?

The speaker advises to start building projects early and to have a clear goal for what you want to create after learning a new skill to avoid getting stuck in 'tutorial hell'.

What is the speaker's opinion on using AI like chat GPT for content creation?

The speaker tried using chat GPT to write scripts but found it felt fake and not in line with their personal brand, preferring to create content that reflects their genuine personality.

What is the speaker's strategy for dealing with the challenge of coming up with video ideas for YouTube?

The speaker plans to continue creating videos consistently, even if they are not perfect or related to a specific niche, to keep YouTube's algorithm satisfied and grow their channel.

What lesson did the speaker learn about the importance of marketing when building a product?

The speaker learned that building a good product is not enough; it is also crucial to have a strategy to convince people to use the product and to learn about sales and marketing.

What mistake did the speaker make with their Shopify store?

The speaker started a Shopify store without proper research and understanding, which resulted in financial loss due to ineffective marketing and lack of sales.

What is the speaker's view on the importance of having a scalable product for financial success?

The speaker believes that having a scalable product is essential for making more money and achieving financial success.

Outlines

00:00

🚀 Aspiring Entrepreneur's Journey and Online Business Challenges

The speaker expresses a strong desire to build something meaningful during their 20s, opting for entrepreneurship over a traditional corporate job due to concerns about lack of flexibility and job security. They aim to create an online business, acknowledging the attention economy and the potential for financial freedom. Despite facing initial failure, they remain determined to keep trying and learn from their mistakes. The speaker also discusses their skepticism about the value of degrees in the job market and their commitment to self-improvement through reading and learning from their entrepreneurial endeavors. They invite viewers to share their thoughts on entrepreneurship and to subscribe to their channel for updates on their journey.

05:01

🤔 Lessons Learned from Entrepreneurial Trials and Content Creation Struggles

The speaker shares insights and lessons learned from their attempts to build an online presence and business. They discuss the difficulty of selling to students due to financial constraints and the importance of understanding one's target market. They also emphasize the need to build something tangible in programming to avoid getting lost in endless tutorials. The speaker admits to making mistakes, such as investing in a Shopify store without proper research, and the importance of learning from these experiences. They stress the value of organic traffic over relying solely on ads and the challenges of content creation, including the struggle to come up with video ideas and the need for consistency in quality.

10:01

🛠 Overcoming Tutorial Hell and Building a Genuine Personal Brand

The speaker reflects on their experiences with learning new skills and the pitfalls of getting stuck in 'tutorial hell.' They advise starting practical projects early on to reinforce learning and avoid endless theoretical study. They also discuss the importance of authenticity in content creation, cautioning against using tools like Chat GPT for scripting as it can feel inauthentic and impersonal. The speaker expresses a desire to build a personal brand that resonates with their audience and to create valuable, organized content. They acknowledge the challenges of maintaining video quality and consistency but remain committed to learning and improving their craft.

Keywords

💡Entrepreneurship

Entrepreneurship refers to the process of designing, launching, and running a new business, which typically involves taking on financial, psychological, and other risks in the hope of earning profits. In the video's context, the speaker expresses a strong desire to pursue entrepreneurship over a traditional corporate job due to the flexibility and the potential for financial freedom it offers. The speaker's narrative is centered around their entrepreneurial journey and the lessons learned from attempting to build an online business.

💡Flexibility

Flexibility in this context refers to the ability to adapt and adjust one's work methods and schedule according to personal needs and preferences. The speaker values flexibility because it allows for a more autonomous and comfortable work environment. They express concern about the rigidity of a corporate job and the potential negative impact on their motivation and creativity.

💡Financial Freedom

Financial freedom is the state of having enough financial resources to cover all expenses without having to work actively for a living. The speaker aspires to achieve financial freedom through entrepreneurship, as they believe that a traditional job would not provide the level of financial independence they desire. This concept is a driving force behind the speaker's decision to build their own business.

💡Online Business

An online business is a type of commerce that operates over the internet, allowing for the buying and selling of goods or services through electronic transactions. The speaker has chosen to build an online business due to the global reach and the potential for scalability. They mention the importance of capturing attention through online platforms, as 'where there is attention, there is money'.

💡YouTube

YouTube is a video-sharing platform where users can upload, share, and view videos. In the script, the speaker discusses their attempts to monetize their YouTube channel and the challenges they face, such as finding a specific niche and creating content that appeals to their audience. YouTube is presented as a potential source of income and a platform for building an online presence.

💡Niche

A niche, in a business context, refers to a focused segment of the market that has specific needs or interests which may not be met by mass products or services. The speaker acknowledges the importance of finding a niche for their YouTube channel but admits to struggling with this aspect, as they are currently experimenting with various types of content.

💡Content Creation

Content creation is the process of making and publishing digital media content, such as videos, blogs, podcasts, or social media posts. The speaker discusses the challenges of content creation, particularly the difficulty of generating good video ideas and maintaining consistency in video quality. This process is central to building an audience and a personal brand on platforms like YouTube.

💡Tutorial Hell

Tutorial hell is a term used to describe the situation where a person gets stuck endlessly watching or following tutorials without actually applying the knowledge to create something tangible. The speaker warns against this pitfall, advocating instead for hands-on learning through building projects, which can lead to more meaningful and practical skill acquisition.

💡Marketing

Marketing is the process of promoting and selling products or services, including market research, advertising, and selling techniques. The speaker learned the hard way about the importance of marketing when they failed to attract users to their app. They now understand that a good product alone is not enough and that effective marketing is crucial for the success of a business.

💡Product Scalability

Product scalability refers to the ability of a product to maintain or increase its functionality and performance as demand or scale increases. The speaker mentions the need for a scalable product to generate more income. They ponder different investment options, such as crypto or physical versus digital products, emphasizing the importance of choosing a scalable business model for financial growth.

💡Personal Brand

A personal brand is the image or identity that an individual projects, which can influence how they are perceived by others. The speaker is concerned with building a genuine personal brand that resonates with their audience. They express a preference for authenticity over using tools like chatbots to generate content, as they believe it is essential for creating a connection with their audience.

Highlights

Desire to build something meaningful in one's 20s to avoid future regrets.

Fear of corporate jobs leading to complacency and lack of flexibility.

Preference for entrepreneurship over traditional employment for decision-making freedom and flexibility.

Intent to build an online presence due to the digital world's shift and potential for attention-based revenue.

Acknowledgment of the difficulty in trusting a degree's value in a job market that often requires one.

Entrepreneurial journey's challenges and the importance of trying despite the fear of failure.

Sharing lessons learned from building an online presence and the mistakes made along the way.

Admission of failure in launching an online business but a commitment to keep trying.

The pursuit of financial freedom as a driving factor behind the desire to build an online business.

The struggle with reading books for self-improvement when facing financial stress.

Belief in the value of books as a source of knowledge and their importance for personal development.

Challenges with concentration and focus while reading due to financial concerns.

Experimentation with YouTube as a platform for content creation without a specific niche.

The importance of audience engagement and finding common interests for content creation.

Learning from business mistakes, such as targeting a market segment (students) with limited purchasing power.

The realization that building a product is only part of the challenge; selling it is equally important.

The pitfalls of starting a Shopify store without proper knowledge or a marketing plan.

The authenticity of content creation and the decision against using AI like Chat GPT for scripting.

The need for consistency in content creation and the struggle to maintain video quality.

Advice against excessive tutorial watching and the encouragement to start creating to learn effectively.

The personal preference against a 9 to 5 job and the aspiration for a scalable business model.

Transcripts

I want to spend my 20s building

something something that I can be proud

of honestly I'm afraid of having a

corporate job come me lazy but I just

don't like the idea of not being

flexible with how I work knowing that if

I ever made a mistake or annoyed the

boss my financial situation would be

shaked and be fired I like the idea of

having my own business and being able to

make my own decisions and being flexible

with how I work in my 20s I want to

spend time trying to build something

something something meaningful I'll be

trying to build something online since

the world is changing everyone is online

now everyone spends time on their phones

where there is attention there is money

anyone is able to see that so to avoid

any regrets I'm going to give it a try

and loock in and build something that I

can be proud of because honestly

speaking I don't trust in a degree

although every job out there wants a

degree for you to work I'm going to take

the entrepreneurial route I know it

won't be easy but hey at least I gave it

a try give me your thoughts on

entrepreneurship and jobs in the

comments I'd like to hear your thoughts

what do you think i' like to see all

sides of the coin in this video I will

also give you the lessons I've learned

from trying to build an online presence

the mistakes I've made how you can apply

them what other thing you can do to

improve your business or if you're

already trying to build a business if

you're building something online I'm

sure I'll share something that is useful

to you want to know the results of me

trying to build an online business well

I failed I failed so far trying to

launch an online business but hey I'll

keep trying until it works yeah life

won't be easy in the coming days it

won't be easy for me but hey that's life

maybe I'll will manage making a living

online most things we do because we want

freedom and be able to do things we want

to do without restraints buy food we

want have a nice house and visit other

countries most of us don't have

Financial Freedom I want Financial

Freedom but I don't think a job will

give me the Financial Freedom in in the

way I want it so if you want to help me

subscribe to my channel a sub would be

nice we like nice things to achieve my

Financial Freedom I know I I need to

keep learning and keep improving one way

to improve yourself is reading books

I've tried reading books but it's not

easy reading a book when you don't read

often people tell other people to read

books to improve their lives it's really

not a nice experience reading a book

book when all you think about is how

you're going to pay that date you have

the concentration is never 100% because

the problem keeps popping up in your

head telling you you're wasting your

time you need to be doing something

useful it's fun because reading is one

of those things you need to do if you

want to improve your life and become a

better person reading is important

because I believe there is a lot of

knowledge in books it's not easy to

write a book imagine writing a big book

it takes time research search yes so I

believe there is a lot of value

knowledge in books that's why I want to

be reading books I know it will help me

achieve what I want to achieve but when

you don't have money like me you feel

like you're wasting time reading a book

but I'm slowly getting there I try to

improve my concentration and focus I

even know my problem I don't concentrate

enough and focus I don't focus on the

book a lot of thoughts comes up when I'm

trying to read and I get distracted as a

result I have read before I've read

books I've enjoyed some not so much I

think I don't know why mostly because I

didn't concentrate while I was reading

the book one thing I'm trying to do to

make money online is YouTube but YouTube

has its own issues you can't rely on

views to pay your bills but it can pay

your bills if you know what you're doing

honestly I don't know what I'm doing if

you look at my videos I don't even have

a specific Niche I just make videos

videos I feel like making I'm

experimenting I'm trying to see what my

audience likes and dislikes and what I

like as well so that we cross my likes

and their likes so that we are all happy

like being happy as people don't you are

you happy that's why I'll be documenting

everything I'm doing here I want to

figure out what my audience wants what I

want and how I can improve myself and

all that cool stuff my business Journey

my skills my interests and the things

I'll be learning I'll be teaching them

here so subscribe so tell me what I

should be teaching is it programming

Spanish French or online business things

because I've tried teaching those stuff

here on the channel yeah I just make

whatever video idea comes in my mind

it's because I interested in those

things I'm interested in Spanish

programming yeah if you have other

topics you want me to talk about yeah

tell me I'll be happy I would definitely

keep it in mind because having video

ideas is one of the hardest part of

content creation coming up with good

content ideas is not an easy an easy

task can I even speak properly having

good video ideas is a hustle on it s but

who knows maybe I the one who is going

to come up with my next video and maybe

I will go viral hopefully I will be

telling my story I have learned a lot

for example I have learned that it's

hard to sell to students because most of

them do not have money it sounds like an

obvious thing but when you have an idea

for a business some obvious knowledge

like that tends to disappear I developed

an app for grade 12 students I marketed

it marketed it marketed it I marketed it

on Facebook ads YouTube and other ways

at the end of the day I just lost money

through ads yeah my money is gone at

least I learned something the good thing

about learning from experience is that

the knowledge tends to stick more since

it's something important to you and you

will keep remembering the Instinct that

made you learn something another example

I can give is in programming if you want

to really learn programming start

building something build something early

start building projects ask yourself

this question why am I learning

programming what am I going to build

after I learn this programming language

if you can't answer these questions most

likely you will end up in tutorial hell

like I did I've done a lot of online

learning that's why I'm teaching all

these here so that you know you avoid

the mistakes I did I learning a lot

while trying to build an online business

for example I don't even know how to

invest I keep asking myself this

question if I had $11,000 right now how

would I invest that money properly and

generate more money with that amount of

money is it crypto a physical product or

a digital product if it's a product what

product would it be I need a product

which is scalable so that I can make

more money as you can see I've learned a

lot of lessons while trying to build uh

an online business trying to make money

online so here are some of the things

the lessons I've learned during this

journey lesson one your product can be

good but that does not guarantee that it

will sell when you're trying to build a

product sometimes building the actual

product is not the hardest part but

getting users to use or consume your

product your product might be great but

you need to convince people to use the

product how are you going to do that as

I've told you I built an app I thought

the app was itself good very good in

fact but I failed to find the right

people to use the app this is the moment

where I started thinking about stuff

like marketing stuff I didn't care about

now I've started planning on learning

sales marketing so that when I launch my

own product it will be very easy to sell

maybe it won't be easy to sell but at

least I'll be learning learning through

experience and experience is the best

teacher that's the thing about trying

things you will learn what works and

what does not work when a person like

Alex amosi tells you that do not s to

poor people solve rich people problems

you might think you have learned the

lesson but you have to actually

experience it and to actually learn it I

tried to sell to students who probably

don't have money most students just ask

money from their parents so it was hard

for me to sell to them l so number two

don't stud a Shopify store if you don't

know what you're doing if you're

thinking of starting a Shopify store

don't just start do some research and

learn from people who are actually

making money from it or you will just

lose money like I did I definitely lose

money a lot there is a lot that goes

behind the scenes to generate real

income from a Shopify store the most

important thing is how people will be

coming to your store and actually buy

the stuff that you're selling it's

useless having a product when people are

not buying it don't you think so have a

marketing plan that will work and that

will not make you lose money I have

heard that only 20% of the businesses

that use both ads make good profits

that's why I'm even doing YouTube and

Tik Tok as I want to be generating

organic traffic and be able to advertise

my product for free to my audience at

the moment I don't have a product

otherwise you would be seeing an ad of

my product hey buy my book hey buy my

course would you buy my my product

of course you would because you're going

to love me because I love you like the

video l so number three if you're

building an only presence and brand and

you care about your art don't use chat

GPT I tried chat GPT to write scripts

for my YouTube videos seems like it did

a great job but when I tried making a

video with the script CH GPT wrote the

script just didn't feel right I was able

to tell that that's not the way I sound

let's delve into the world of no I don't

sound like that reading the script just

felt fake I could feel it on my throat

so if you're thinking of using CH GPT

only use it for things like factual

stuff not content where you feel like

your personality your touch or your

creativity matters writing a good script

or thinking of topic ideas is hard but I

don't think I'll be using chat GPT for

now if I want to build a brand that

people care about it just feels fake

reading the stuff I didn't write or

following a script that I didn't write

myself you can feel it in it's it's

there I want to build a brand where

people like me and value what I have to

say one of the people with a genuine

brand and inspires me is Dan Co maybe

you know him I'm sure bro doesn't use CH

GPT I like his thoughts and the way he

presents himself that's what the brand

should be at least that's what I believe

you should also have your own view about

branding how do you want to be seen

what's Creator inspires you then

inspires me and I would love to create

that kind of content it creates

something similar in a way like that but

I'm not good at writing his content

focuses more on writing for me sometimes

I just like doing it and talk to the

camera like this but this video was

planned I have scripted some things some

some things I've not scripted yeah

that's how it goes we're different

people I hate script writing but I I

need to start writing scripts because

that's how I will be making better

videos I need to learn how to plan stuff

yeah I want my content to be more

organized and with a lot of value that's

how you're going to love me as a content

creator and that's how I'm going to

build a personal brand although I want

to take YouTube seriously I have trouble

thinking of video ideas I have to keep

creating videos even if the videos are

bad or not related to my nich because

that's how you keep YouTube Happy that's

how YouTube keeps promoting you to new

people that's how you build your channel

you need to be

consistent but it's hard to keep the

same quality of videos and I know having

good videos is important you you need to

keep consistence in videos and in

quality of the videos but it's not easy

so number four stop watching tutorials I

have watched a lot of tutorials on video

editing programming and 3D modeling

mostly through YouTube I got stuck in

tutorial hell to avoid a problem like

this in your gym to learn something like

this go on YouTube and search for the

basics of the thing you want to learn

and start creating the thing you want to

create why are you learning Premier Pro

why are you learning Photoshop ask

yourself that question start building

stuff that's how you you will learn if

you get stuck Google is there YouTube is

there creating something will not only

push you to continue learning you will

be creating something for yourself

something useful something that you can

share with people when you get stuck on

a problem go to YouTube or Google Google

the problem that you have let's say you

are learning Premier Pro and you get

stuck you don't know how to add text to

a video go to YouTube search how to add

text on a video I'm sure you'll find the

the solution if you don't find the

solution on YouTube go to Google there a

lot of people are face problems

they have been in the game for a long

time you find the solution you will

learn faster that way because your brain

is eager to learn it will stick more

because you actually want to learn you

want to know how that stuff is done

going through tutorial help was

something I went through I kept learning

programming just because I knew it was

useful and I can build apps websites and

apps with it without having projects of

my own the actual learning started

happening when I started building

something of my own these are some of

the things I've learned while trying to

make money online it comes from

experience some of these things I knew

them but I never took them seriously

subscribe to my YouTube channel so that

I don't get a copyright job I like some

flexibility and a job is is not scalable

you can't scale a job you will just be

asking for a raise and a raise is not

something you can depend on it is

usually not a lot and it depends on your

boss if you agree or you want agree

maybe it's just me who doesn't like the

idea of a 9 to5 I've seen some people on

YouTube saying the same thing I don't

want a 9 to5 yeah me neither it's like

people have woken up yeah some people

are comfortable having a 9 to5 and

that's okay it's what they want but

personally I don't like a 9 to5 it's

it's not something I see myself doing I

want to Rite my own business make my own

money be flexible in the things I do and

make a living subscribe I'll see you in

another video or watch this other video

about business and making money online