Laziest Way to Make Money Online For Beginners ($100/day+)

Summary

In this video, a millionaire businessman shares the laziest methods to make money online, assessing each option on learning curve, fulfillment, scalability, startup capital, and risk level. Methods discussed include freelancing, Airbnb arbitrage, eBay shops, affiliate marketing, and AI-built Shopify stores. Freelancing and Airbnb arbitrage require significant time or capital investment, while eBay and affiliate marketing offer more passive opportunities. The AI Shopify store method stands out as the easiest and most scalable, requiring minimal upfront cost and providing the best passive income potential, making it the most 'lazy' option for beginners.

Takeaways

• 😀 Freelancing is a flexible way to make money online by using skills like video editing, design, and writing. However, it requires time to learn and build a client base.
• 😀 Learning freelancing may take up to 6 months, and it involves client communication and feedback, which can be challenging at times.
• 😀 Scalability in freelancing is limited since income is tied to time. To increase earnings, you need to either raise rates or outsource work.
• 😀 Airbnb arbitrage allows you to profit by renting a property long-term and subletting it on Airbnb. It requires a significant upfront investment but can scale well.
• 😀 Airbnb arbitrage has a relatively short learning curve of 1-3 months but requires knowledge of rental laws and property management.
• 😀 While Airbnb arbitrage can be passive, you still have to handle customer issues and management tasks like cleaning and check-ins.
• 😀 eBay selling allows you to make money from products you already own or wholesale items, with minimal startup costs and a medium difficulty for fulfillment.
• 😀 eBay shops offer high scalability as you can continuously add new products and even expand to other platforms like Amazon or Etsy.
• 😀 Affiliate marketing is low-effort, with minimal startup costs, and involves promoting other people's products for a commission.
• 😀 An AI-built Shopify store offers the easiest entry into e-commerce with no technical knowledge required. It has low risk and high scalability, making it an ideal lazy method for beginners.

Q & A

What is the primary focus of the video script?

The video script focuses on identifying the 'laziest' ways for beginners to make money online, evaluating five different methods based on their learning curve, fulfillment difficulty, scalability, startup capital, and risk level.

Which online moneymaking methods are covered in the script?

The five methods covered in the script are freelancing, Airbnb arbitrage, eBay shops, affiliate marketing, and AI Shopify stores.

How does the script define the 'learning curve' for each method?

The learning curve is defined as the amount of time it takes for someone to start earning decent money with a given method. The shorter the learning curve, the lazier the method is considered.

Which moneymaking method has the shortest learning curve?

Affiliate marketing has the shortest learning curve, requiring only 1-2 days to sign up for affiliate programs and start promoting products.

What is the most scalable moneymaking method discussed in the script?

The most scalable method is the AI Shopify store, as it allows for unlimited growth without needing to manage inventory or shipping logistics.

What is the main risk involved with Airbnb arbitrage?

The main risk with Airbnb arbitrage is the high startup capital required, ranging from $5K to $15K, which could lead to financial losses if the properties do not generate the expected income.

How much startup capital is needed to start an eBay shop?

Starting an eBay shop typically requires around $500 for initial stock to get the shop off the ground, depending on what products you plan to sell.

What makes affiliate marketing a low-risk method for making money online?

Affiliate marketing is considered low-risk because there are no inventory management or customer service responsibilities, and the upfront costs are minimal.

Why is freelancing not considered the laziest way to make money online?

Freelancing is not considered the laziest due to its longer learning curve (about six months), the difficulty of dealing with clients and revisions, and its limited scalability without increasing rates or hiring additional help.

What role does AI play in the AI Shopify store method?

AI in the AI Shopify store method helps automate the process of selecting products, building the store, and handling inventory and fulfillment, making the process beginner-friendly and reducing the effort involved.

How much does it cost to start an AI Shopify store?

Starting an AI Shopify store costs only $1.99, which covers the activation of the Shopify account and a 99-cent trial for AutoDS, a tool that automates product sourcing and shipping.