📈 The Next Big Money-Making Trend: How to Identify and Capitalize on Emerging Opportunities
Are you tired of working a normal job and living a depressing life? Do you dream of making millions of dollars and living the life of your dreams? If so, then you need to become a futurist. Futurists are people who analyze future technologies and identify emerging trends before they become mainstream. By doing so, they position themselves early in the market and take advantage of the next big money-making opportunity.
In this three-part series, I'm going to share with you how to identify trends early, what the next big trend is going to be in 2024, and how you can take advantage of it to make more money than 99% of people could ever dream of. But first, let's take a look at the trends of the past and how futurists have capitalized on them.
📈 The Trends of the Past
Every year, there is one big money-making trend in the online world. In 2018, it was SMMA. In 2019, it was dropshipping. In 2020, it was Amazon FBA. In 2021, it was crypto. In 2022, it was the red pill. And in 2023, it was AI. With every trend, a new class of millionaires is made overnight. And these millionaires aren't any different from you. All they did was identify a trend and position themselves early in the market.
What's far more important than skill is timing. If you're early to an emerging opportunity, you have a chance to win big. But if you're late, all you're left with are the scraps. As we enter 2024, the next money-making trend is right around the corner. And in this three-part series, I'm going to show you how to identify it early and take advantage of it.
📈 The Importance of Being a Futurist
You and I are more alike than you think. I too didn't want to settle for a normal job and a depressing life. I too grew up watching YouTube videos looking for the next big opportunity. I too tried countless different business models, none of which unlocked the life that I dreamed of.
I finally discovered the reason these businesses never worked out for me, and it's probably the same reason they aren't working for you. You were too late to the game. I'm honestly not surprised that it's so hard to start an online business these days. Trying to find the perfect opportunity that's not already too saturated is nearly impossible. Because the second anyone is successful with a new online business model, thousands of people flood in and saturate the market.
So, I'm going to show you exactly how I escaped the competition by becoming a futurist. You see, I was constantly chasing the next hyped business model, not realizing that by the time I heard about it on YouTube, it was already too late. I had to start looking into what the next trend would be before it came because that's the only way I could beat my competition. And little did I know that that tiny tweak in perspective would lead me to make my first million dollars at 24.
📈 The Importance of Timing
Before I had a big YouTube channel, I was running my own SMMA. After countless hours of hard work, I eventually started making good money, and I was making $30,000 a month. But it was a constant battle. There were a dozen other marketing agencies in my area, and there was always someone that was willing to do it for cheaper. It was an extremely competitive market, and I had to work non-stop just to keep up. There were weeks where I barely saw my friends and family because I was working 10 to 14 hours every single day. And to be honest, it wasn't even worth all the stress. Even though I was making good money, I wanted to be a millionaire. So, I knew I had to try something else.
That's when I decided to start my first software company, Poppin. I knew software was more scalable than my agency because all I had to do was make it once, then I could literally sell it to thousands of people without all the headaches of managing clients and hitting deadlines. So, I had an idea. What if I could build a Disney FastPass but for bar owners, where people could pay to skip the line at their favorite bar or nightclub? I mean, people slip the bouncers money all the time, so why don't I just make it easier?
$30,000 and 6 months later, we were in around a dozen bars in my area. But me and my business partners soon realized that bars would be busy one week but then dead the next week. And then bar owners would also circumvent our system and pocket cash behind our back. Not to mention that getting a new bar to sign up was a complete logistical nightmare. It was a huge learning experience, and just before everything crashed and burned, I noticed something interesting.
In the summer of 2021, people were getting really interested in blockchain, but they lacked the technical ability to get involved. So, me and my partner pivoted and taught our developers how to build smart contracts immediately. Smart contracts are just a way to sell products like NFTs on the blockchain. And since it was a brand new thing, very few people knew how to make them. And because of that, we could charge a premium price. So, in 2021, our smart contract development agency was born. Throughout that year, we ended up having dozens of well-known creators and brands hiring our development agency to build their smart contracts. Clients were paying us six figures for something that only took us a few weeks to do. A simple idea made us millions of dollars.
📈 The Three Phases of a Trend
Business is a game of arbitrage. And if you're the first one to a new opportunity, you win big. I call this opportunity arbitrage. The earlier you are to an idea, the more money you make. But inevitably, over time, the same thing that happens to every new online business model happened to us. More competitors pop up, interest slows down, and we couldn't charge as much. And that's what happened with smart contracts.
Most people assume that millionaires must be smarter, more qualified, or luckier than them. But that couldn't be further from the truth. Millionaires are no better than you and I. I know this because I've personally met hundreds. And you'd be surprised to find out that some never even started their first business until they were 40. Some couldn't even graduate high school. The only difference between millionaires and regular people is that millionaires identify emerging trends early and immediately take action. No second-guessing, no doubts, no time-wasting, just pure action. And it's that same action that allows them to position themselves perfectly in an exploding new market.
The life cycle of a trend is 18 months. And within those 18 months, the first six are the most crucial to capitalize on the new opportunity. That's why it is so important to be able to identify trends early and act fast. The key to being in the top 1% isn't about predicting trends. It's about having a playbook for when the next one comes around. This is something anyone can do. You just need to be prepared.
📈 How to Identify Emerging Trends
For something to be a trend, you need a new idea, an underlying technological breakthrough, an opportunity to make money, and it needs to be easy, meaning anyone can do it. For a trend to really be a trend, it must hit all four of these. Luckily, futurists don't have to see into the future. We just pay attention to a few indicators to identify trends when they are in the equalizer phase.
The first place you want to monitor is archive.org. Archive is an open-source library where top researchers share their technological breakthroughs. These research papers are the root of what all trends stem from. Next, you'll want to check Hacker News. This is where all the Silicon Valley engineers hang out online, and you can start to gauge what is real and what is fluff. Look at what is being discussed by the hardcore technologists so you can get context on how innovative these discoveries really are.
But be careful because these people are a very small online niche. And for something to be a trend, it has to go mainstream. So, here's how I identified the AI trend early and gained over 200,000 subscribers in just a few months because of it.
As I was scrolling on social media, I noticed that everybody was posting these animated avatars of themselves on their stories. They could upload a few selfies, and in just a few seconds, they would have dozens of animated avatars that looked like them in different art styles. I looked into the app and realized that they were being generated by AI. It was something that I had never seen before. It was going viral, and most importantly, it was new.
So, I looked into it and realized that they were using a new AI model that was publicly released on archive. They were using an underlying technological breakthrough to power their app. At the same time, Tweet Hunter was getting really popular on my Twitter feed. It was a software that would analyze my past tweets and generate new ones around topics that I usually talk about. Thousands of people were using it. And after looking into it, they were just using an AI API. Tweet Hunter just took an AI that they didn't even invent and then found a new specific use case for it: writing tweets. They sold for $10 million in under 18 months.
Clearly, this is a big opportunity to make money. Now all we needed was something so easy that everyone could do. And that's when Chat GPT was released to the public. My Twitter feed started exploding, and I checked Google Trends, and AI was at its peak by a long shot. This was clearly gaining a lot of interest. So, I went to my YouTube feed. I saw a video had 100,000 views in under 8 hours. But the interesting thing was that it was from an account with only 3,000 subscribers. This is always my biggest indicator for a trend. If you start seeing YouTube channels with very few subscribers get hundreds of thousands of views, that is a clear sign that there is a lot of demand for a topic but very little supply.
Dozens of creators went from completely unknown to hundreds of thousands of subscribers just for being the first ones to cover this new trend. And I was ahead of it because I knew what indicators to look for and where to look for them. Chat GPT was the equalizer for AI. And since I had my futurist playbook, I took full advantage of it. While everyone was making videos on how to use Chat GPT, I was the first person to make a video on how to make money with AI APIs. And that video blew up, racking up over a million views in what felt like overnight.
📈 The Three-Step Strategy to Capitalize on Emerging Trends
So, how can you capitalize on emerging trends? It's simple. You need a three-step strategy.
Step 1: Identify the equalizer event. This is the new opportunity that becomes accessible to everyone. A new tool or technology unlocks a new business model that you can start with next to no capital or experience.
Step 2: Prepare your strategy for the awakening. During the awakening, more people learn about the opportunity. Success stories and educational content start popping up on YouTube. The futurists who joined the movement early have gotten great results and then start sharing it. Other smart people see their success and take action. And since more people know about the opportunity, the market grows exponentially. This is where the futurists cash in and make the real money.
Step 3: Monopolize the market. As the market becomes highly competitive and crowded, established players with huge budgets and teams start to dominate. Videos are going viral left and right. Mainstream media is covering the trend. People are flooding in, but they don't stand a chance. They get excited about the new opportunity that they saw on TV, but little do they know the best days are behind them. They spend months trying to catch up. And while they're trying to just learn the business, the futurists have already monopolized it, leaving nothing but the scraps for the new entrants.
📈 The Next Big Trend
The next big trend is happening as we speak. And in my next video, I'm going to share exactly how I plan to capitalize on it. I have a proven three-step strategy that I use to make millions. And if you want to be in the top 1%, you need to have a playbook for when the next trend comes around.
Remember, futurists do not create trends. Futurists do not force trends. Futurists don't even predict trends. Futurists simply identify trends early and position themselves before the masses. And use that to make millions of dollars. There is always a new trend emerging. And once a few people start doing something, soon everyone will start doing it. Since this is human nature, this becomes a very dependable strategy.
📈 Highlights
- Timing is more important than skill when it comes to making money online.
- Futurists identify emerging trends early and position themselves before the masses.
- The life cycle of a trend is 18 months, and the first six months are the most crucial to capitalize on the new opportunity.
- To identify emerging trends, pay attention to archive.org, Hacker News, and social media.
- The next big trend is happening as we speak, and futurists have a proven three-step strategy to capitalize on it.
📈 FAQ
Q: What is a futurist?
A: A futurist is someone who analyzes future technologies and identifies emerging trends before they become mainstream.
Q: How can I identify emerging trends?
A: Pay attention to archive.org, Hacker News, and social media. Look for new ideas, underlying technological breakthroughs, opportunities to make money, and things that are easy for anyone to do.
Q: What is the life cycle of a trend?
A: The life cycle of a trend is 18 months. The first six months are the most crucial to capitalize on the new opportunity.
Q: What is the next big trend?
A: The next big trend is happening as we speak. And in my next video, I'm going to share exactly how I plan to capitalize on it.
Resources:
- https://archive.org/
- https://news.ycombinator.com/
- https://www.voc.ai/product/ai-chatbot
