🚀 How to make money online without money in 2024
If you're looking for a quick and easy way to get rich in 2024, this is not the video for you. Dropshipping is dead, affiliate marketing doesn't work, YouTube is a scam. Most people who say this don't understand the underlying reasons for their failure with these side activities. What they don't know is that it's not the business model that fails, it's them who don't work. The reality is that if you don't know what you're doing, everything you do will fail.
In this video, I will show you the five simple steps you can apply to any side activity and make it instantly profitable. One of the simplest ways to make money online in 2024 is podcasting, and that's where we come to today's video sponsor, Riverside.
🎙️ Step 1: Become good at something
To start a side activity and make it instantly profitable, the first thing to do is to become good at something. Entrepreneurship is like leveling up in a game. Most people spend years leveling up in a role-playing game instead of leveling up in real life. They go to college, get hundreds of thousands of dollars in debt, pay teachers who don't have a business to teach them how to create a business.
If you don't know where to start, here are some high-level skills you can start learning right now to build a side activity or even a long-term business that will make you a lot of money in the future:
- High-ticket sales
- Coding
- Copywriting
- Content creation
- Video editing
- Lead generation
- Organic traffic utilization
💡 Highlights
- Learn high-level skills to build a side activity or a long-term business.
- Niche yourself to become a specialist rather than a generalist.
- Stack your skills to create a profitable business.
- Reinvest your money to grow your business.
- Automate everything to reclaim your life.
🎯 Step 2: Become the only option
Most people try to offer a service that several other people already offer, and in that case, you're competing on price. To become the only option, you need to be in a specific niche. Most people think that if they specialize, they will lose clients, but no one wants a generalist in their business. They want a professional, a specialist.
To offer a unique service, you need to have three things:
1. Be in a specific niche.
2. Offer a service that no one else offers.
3. Stack your skills to create a profitable business.
🤔 FAQ
Q: How can I start learning these high-level skills?
A: There are many free and paid online resources to learn these skills. You can also take online courses or training programs.
Q: How can I find my specific niche?
A: Think about what you are passionate and competent about, and find a market that needs those skills.
Q: How can I automate my business?
A: You can use online tools to automate repetitive tasks, hire freelancers to perform specific tasks, or create systems to streamline processes.
📈 Step 3: Productize your service
Once you have found your niche and offer a unique service, you need to productize it. This means turning your service into something standardized that you can sell to a million people without incurring additional expenses.
💰 Step 4: Reinvest your money
When you start making money, don't spend it all. Invest your money in your business to expand and automate it.
🤖 Step 5: Automate everything
Once you have productized your service, you can automate your business to reclaim your life. This will allow you to focus on what's important: growing your business.
By following these five simple steps, you can start a side activity and make it instantly profitable. Remember that entrepreneurship is a long game, so be patient and persevere.
If you want to try Riverside for recording your podcast, use the link in the description and use the code Rees to get a 15% discount.
Resources:
- https://www.voc.ai/product/ai-chatbot
