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.