How To Start A PROFITABLE Auto Detailing Business


– Hey, what is going on you guys? Welcome back to the channel. So I’m here with my friend Chris here. So I’m gonna be shadowing
Chris for the day, talking about auto detailing and how to start this business. How much you make with this business, and everything related to that. So should be a pretty interesting video. If you guys like seeing this type of in real life-type content, go ahead and drop a like on
this video just so I know. But yeah, I’ll probably
have Chris do an intro maybe in his car or somethin’ as we’re movin’ along here. So, lookin’ forward to
showin’ this to you guys. The first thing I wanna ask you is can you just maybe explain what it is that your business is, what it is you’re doin’
on a day-to-day basis? – So I detail cars inside and out I polish paint. I make the interiors look clean again and I’m basically traveling out of my car to a client’s location or
a dealership’s location, and just wash the car, wax it. Sometimes I do some ceramic coating. And that’s basically my day, is I spend my day in the car traveling to people’s
houses and dealerships to get the cars clean. It’s worth my drive too, ’cause you get to see all
the cool, scenic drives and I like being in the car. And then when you get there it’s rewarding to be at that beautiful place and be able to do someone’s car, see their house. I like to ask a lot of questions. How did you get to where
you are in your career, and kinda pick people’s brains
’cause I’m starting off. – Yeah, that’s really
cool to like ask people and I’ve always done that too. Any time when I was
younger if I saw somebody driving a Lamborghini
or something as a kid. I’d go up to them, be like, what do you do to afford this car? – Yeah.
– You know? So I guess my question now would be, what kind of costs are associated with starting up an auto detailing business? And I know the way you do it with the mobile detailing business is a lot less overhead. Because you’re pretty much doing it at the customer’s garage, right? – Yeah, so I’ve got a couple
of different scenarios, where I’ve been doing this business. Where I did have overhead. I had $1,100 rent at one shop. I’ve been with different
partners at different shops. Right now I’m doing it mobile. I do have one small garage, if I say needed a place
to store some tools there. That’s only 250 a month,
for my small garage. For me that’s like one detail out of the 30 days of the month that I have to put aside for that. And then other than that,
it’s chemical costs. Vacuums, pressure washers, hoses. But I found a lot of the ways to eliminate all those extra stuff that sometimes people think they need, when they get in this business. There’s a lot of info on how
to start a detail business, that says you need 30 products. I probably use under 10. And I’ve kinda perfected what I’m buying and how much I’m spending on what I get. – That’s great, yeah. So as far as detailing goes, I’m sure there’s multiple
different packages. But, give me an example
of one of your packages. Maybe your most popular one. How much are you charging? What are your costs with that? And then like how much are
you making as a profit? – So my average detail is
anywhere between 150 to $250, based on the size of the vehicle
and the condition it’s in. And I probably pay under
$3 in chemical costs and then whatever my driving and fuel is to their destination. – Wow, so this is probably like 90% plus profit margin type business? – It’s all sweat money. – Yeah.
– Really. So–
– That’s great man, yeah. – I try to make anywhere
between 250 to $400 a day, if I can. 250 would by like the least amount I’d like to make in a day, if
I’m working five days a week. – Wow, that’s pretty good. All right, so we’re on our
way to the first detail now. And what kinda car’s this guy got? – I think we’re probably
gonna be working on a purple wide body Porsche 911. – [Ryan] Okay. – And then, possibly an Audi S7. There’s a Range Rover too. I’m not sure what he has in store for me but this is a good customer of mine. He asks me to do a lot
of work on his vehicles. Last time I did, he brought them out to Toronto for a car show
and won a couple of trophies. So now we’re gonna polish them up again and make sure they’re still looking good. We’re in my buddy Wideout’s house. He’s got a couple of cars here, we’re not sure what
we’re working on today. This is 09 Porsche 911, wide body. This is a 2017 Audi S7. And I think it’s an OE Range Rover. So one of these three,
or all three of these are gonna get some work done to them. They’ve been worked on
a couple of weeks ago. They got some trophies over
in Importfest in Toronto, the day after. So it makes me feel pretty good and it’s good to be back here, doin’ some more work on these cars. (upbeat music) So today, we’re gonna do the
interior on these three cars. The Raptor, the Porsche and the Audi. They should be quite clean but we just wanna get them
looking a little better. Especially before winter comes and we’re gonna get all salt in it. So, we’ll give it a good refresh and then it’s got a little more time to pick up more dirt
and then get done again. Be this car as well and
also the purple Porsche. And, some of the tools that I use. Really simple sets of brushes. But they all have their own purpose. Just generic toothbrushes,
large handled scrub brushes. And then I’ve got some
other ones that are rubber for getting in little tight spots. And other things with felt on them, to get dash fans, things like that. So it’s more like having the right tool. All my job is, is moving
my hand left to right and knowing which product and which tool to be doing it with. So, once you figure out all that stuff. I really carry a light package. A couple of brushes, a bag full of towels, a bottle of cleaner and then
polishers for the outside. – [Ryan] You said the buffer was like the most
expensive thing you bought. – This would be one of the most expensive. It’s the Rupes. This polisher cost me
like 400 something bucks. Then with pads and everything, it came out to be a little over 500. But I’ll tell you, it’s honestly
makes my job a lot easier. I used to use $60 polishers
and take hours doing stuff. But, that’s a lot quicker
than any one I’ve ever used. So I guess it’s worth it for
me to buy something like that. – [Ryan] So what would you
say your all in cost is here on getting started with like the very basics of detailing? – When I first started the
business two years ago, I probably got into it at about $380. That’s including a
pressure washer, a buffer, a vacuum, extension
cords, towels, polishers and a set of chemicals. Like glass cleaner, all-purpose cleaner and de-greaser and soap. I’ve had more expensive tools. I’ve gotten new ones, old
ones, blah, blah, blah. But like now, I’m probably
goin’ round in my car with an under $400 setup still. Just to start of with, just
pulled the mats out of the car. We’re gonna start taking
out all the dirt first. That’s the first thing you wanna do, is get all the hard stuff out. Kinda get an idea what you’re looking at without all the stuff from
your dirt on your feet. You know what I mean? ’cause once you take out
the mats, vacuum it up, it really just comes down
to looking at the surfaces. Picking which product to
use, which tool to use, and how to get it off. So I like to start with a vacuum first. Get the heavy dirt off, start to see the light at the
end of the tunnel right away. You know what I mean? This is a two seater, four seater and then we’ve got the big truck. – [Ryan] What do you
think time wise you have between the three of these, it will take? – To be honest it’s probably
only gonna take me like a half hour to do this one, maybe less. Same with the Audi and then
the truck might take me 45 to an hour to do. So for three interiors,
that’s not a bad timeframe. Two hours, I’ve got my travel time here, but it’s worth it to come out here. I come out here often,
take care of some of these. – [Ryan] And what do you usually charge for like this level of
detail, per vehicle? – So on a vehicle like this, we’re gonna charge anywhere about like 250 for a full detail. So for just the interior
it might be like a hundred to a 125 depending on condition. He’s got three cars and I come here often so I’d work out a nice price with him. – [Ryan] All right, so what
have we got goin’ on right now? – So I’m wanted to make
some extra room in my car. I left the vacuum at home. Most places I go, like I
know he has a vacuum here. Some of the dealerships have a vacuum. But you don’t have the right heads. So, I’m just gonna tape this one on. – [Ryan] It’s a little trade secret here. (laughter) A little duck tape action. – Just gotta make sure there’s no air. Enough duck tape will fix anything. (upbeat music) (engine rumbling) (upbeat music) – So, this cars got
custom floor mats in it that are the same stitching as the seat. They actually slide up
underneath the plastic. So every part of the carpet
is pretty much protected. Which makes cleaning it awesome. It’s like really thick durable leather. Hard to scratch, hard to really rip but it looks great. It’s quality matching the seats, so for me that makes my life a lot easier. We’ve got the Audi logos in
it, the stitching on there. And then it’s just striped
but it’s all one uni-mat. So I gotta roll the other seat forward, pull the thing out, it’s huge. So this car was sitting outside and the wind took a tent that was held down by five pound weights, up in the air and just scuffed the car. We just got some of it out in the door, that we didn’t think might come out. So we’re gonna show you
guys buffing on these marks, to try and get them out. (upbeat music) (buffer humming) – [Ryan] So what’d you
think, you’d get it out? – I wasn’t sure. But, I think it’s an improvement. That’s what we’ve decided. What we did on the door to here now. I’ll shine my phone light on
there just so you can see. It looks better to the naked eye, but if you get up close, you can really tell that
something did happen. Here’s some of the mark. But, again it’s on the roof of an SUV, so we made it look better. I wouldn’t say it’s completely gone but I’d say that’s a fix. (engine rumbling) – [Logan] Right here,
– [Ryan] Yeah. – [Logan] It goes on tap, it has those two little eyes on tap. This is a Slantnose conversion. So it’s got it’s own 935, 930
Slantnose heritage styling. – [Ryan] So, is this normally part of your detailing experience? – No. This is why I have to
clean the cars often. – [Ryan] This is why you’re employed? – [Chris] Yeah. (tires squealing) (laughter) – You love and hate to
see it at the same time. (laughter) – [Ryan] Oh my god. Oh my god. – [Logan] Fuckin peg man run out. – [Ryan] Oh it’s just the one tire? – [Logan] Yeah. – [Ryan] Dude look at
the amount of plastic. – [Chris] Oh damn, that’s pretty bad. That poor tire. – [Ryan] That tire’s
basically shot now, or what? – [Chris] Not quite. She’s good. I’ll tell you what’s not shot, my career. (laughter) – [Ryan] This keeps you in business. – All right, so we’re just
finishing up for the day. And it’s one of my favorite parts about doing mobile detailing. – [Logan] Gotta include that. – Days over, finally get to enjoy a beer and also this beautiful sunset, at a beautiful location. So what I do, I go to a
new place almost every day. Sometimes repeat places. But it’s great to see
how other people live. Their properties, their
homes and their vehicles. – [Logan] Salute. – This is Logan, follow him
in Instagram, he’s Wideout. He’s got all these cool
cars you’ve seen today. – [Logan] Ah, they’re trash.

How to Manage Employee Absenteeism at Work | Employsure Animation


Repeated employee absences can be frustrating and difficult to manage clear communication is key to resolving the issue, as an individual may be experiencing bullying or discrimination at work or they may have a serious illness whatever the reason for absence there are four steps business owners can take to reduce absenteeism Document company policy on leave and absence in the employee handbook and ensure all staff are aware of the details Enforce the policy fairly and consistently Record and monitor leave to identify any patterns or high absences Conduct training for both managers and employees on leave policies and potential outcomes of non-compliance If an individual continues to be absent
without proper explanation the next step is to arrange an informal meeting to discuss the employee’s health and welfare This meeting must include an opportunity for an employee to tell their story with a support person present if requested if the issue cannot be resolved or if it continues without proper explanation employers may consider starting a formal disciplinary process to resolve the issue for more information about how to conduct a
formal disciplinary meeting or for advice on managing absenteeism Speak with Employsure today

7 Booming Healthcare Business Ideas You Can Try


My name is Matthew Speiser and I am a staff
writer here at Fundera. In my role, I write a lot about how to start
new businesses. A question I often get asked by prospective
business owners is which industries are the most profitable when it comes to launching
a new business—and I frequently tell them healthcare. First of all, America is getting older. By 2030, the Census Bureau projects one-fifth
of Americans will be 65 or older. That will be the first time in history the
number of Americans over 65 will surpass the number of Americans under 18. This has caused a spike in healthcare related
jobs. In fact, these types of jobs are expected
to grow by 18% from 2016 to 2026, which is much faster than the average for all occupations. There have also been a lot of new developments
in the healthcare industry, be it through medical and technological advancements, more
interest in health and wellness, or services like ZocDoc and Flatiron Health. Because of these factors, global healthcare
spending is expected to rise 5.4 percent annually to just over $10 trillion by 2022. That’s one percentage point faster than
the national GDP is projected to grow during that same time. In other words, there’s a TON of opportunity
here. In this video, we’re going to provide you
with 7 different healthcare business ideas that will help you get a foothold in this
booming industry. All of these ideas represent a viable way
to make a living, and some can even be performed from the convenience of your own home. Let’s get started. Our first idea is to start a drug treatment
facility or rehabilitation center. Sadly, drug treatment and rehabilitation centers
are sorely needed as America faces the scourge of the opioid epidemic. Every day, over 115 Americans die after overdosing
on opiods, making this one of the worst national health crises in American history. Clearly there is a need for rehab and drug
treatment facilities. And if you’re motivated to help others,
there are few occupations more personally fulfilling. Now, opening a drug treatment center won’t
be easy. You’ll have to make a significant initial
investment in your facility and staff, and these costs vary depending on the location
of your facility, the type of
treatment you are offering, and other factors. Next, you’ll need to obtain a license to
provide treatment in your state. Licensing heavily takes into account your
facility’s policies and procedures, so make sure you have an in depth plan on how you
will provide treatment. Finally, you’ll need to market your facility. At first, you’ll probably do this through
traditional advertising. But if you provide quality care, your clients
will end up referring others to your rehab center. Operating a drug treatment facility is complex,
so let’s dial it back and provide you with a much simpler healthcare business idea: Medical
Transcription Services. Medical transcriptionists listen to voice
recordings from doctors and nurses and turn them into written documents for patients’
records. Medical transcriptionists can work in a hospital,
a doctor’s office, or their own home. Plus, there is no formal education needed
beyond a high school diploma, although previous writing or transcription experience doesn’t
hurt. While not required, it might help your job
prospects to earn a credential as a Registered Healthcare Documentation Specialist or Certified
Healthcare Documentation Specialist. To earn the Registered Healthcare Documentation
Specialist certification, you’ll need to take an exam that tests your basic knowledge
of medical terminology, as well as your english language abilities. You’ll need two years of work experience
to receive your Certified Healthcare Documentation Specialist credential. If you’re looking for a more tech-forward
approach to healthcare, consider launching your own healthcare app. This is perhaps one of the most lucrative
sectors of the healthcare industry. A recent study found that the mobile healthcare
app industry is expected to grow from $8 billion in 2018 to over $111 billion by 2025. This explosion in growth is being led by consumer
healthcare apps like FitBit, which helps users track their daily physical activity. There’s also HeadSpace, a popular app for
guided meditation. If you have a background in technology and
an original idea for how to help users take care of themselves, this could be your perfect
entrypoint into the healthcare industry. Just make sure you know who your target audience
is, and that the app is simple and intuitive. Don’t have a revelatory idea for an app? That’s okay. There are a lot of opportunities to help doctors
digitize their infrastructure. For instance, you could design an app that
provides a mobile view of a healthcare provider’s patient portal. This allows patients to access valuable healthcare
information on the go. Just make sure your app is safe and secure,
especially because you will be dealing with medical records. As we grow old, we may need someone to take
care of us. That’s the idea behind our fourth healthcare
business idea—senior home care services. Every day in the United States, 10,000 seniors
turn 65 years old, and many of them want to stay in your own home rather than go to an
assisted living facility. This opens up plenty of opportunities for
nurses, therapists, and personal aides. In fact, this is one of the fastest growing
industries in the country, with the number of jobs expected to rise 41% by 2026. In order to provide senior care services,
you’ll need to obtain a license in your state. Similar to opening a rehab center, this typically
requires you providing your state with a set of policies and procedures. Depending on your state, you may also need
to go through a training program. If you want to be able to charge higher rates
for your services, you can obtain Medicare and Medicaid certifications from your state. Then it’s just a matter of advertising your
services. The National Home Care Association of America
and the National Association of Home Care and Hospice are good places to start. Personal training is a $9 billion dollar industry
with a low bar for entry and a lot of flexibility. If you’re passionate about fitness this
may be the perfect healthcare business idea for you. As a personal trainer, you’ll work one-on-one
with a client to develop and implement a fitness training regimen that helps them lose weight,
get stronger, improve physical performance or maintain their health. What’s more, most personal trainers charge
between $40 and $70 per hour. To develop your market as a personal trainer,
pick a speciality such as occupational therapy or strength and conditioning. This will help you develop your market. Next you’ll want to get credentialed from
the American Council on Exercise or National Academy of Sports Medicine. Then it’s all about perfecting your routine
and building out your roster of clients. Many personal trainers start by working at
their local gym, as this is a great way to meet prospective customers. It would also be wise to market your services
on social media. Are you afraid of needles? Then our sixth healthcare business idea, acupuncturist,
probably isn’t for you. Acupuncture utilizes tiny needles carefully
placed at specific pressure points on the patient’s body to relieve a variety of physical
and physiological issues. And there is a growing demand for this form
of alternative medicine: Acupuncturist jobs are expected to increase at a rate of 9% over
the next few years. What’s more, an acupuncturist commands an
annual salary north of $70,000 per year. It is a virtual requirement in any state to
graduate from an accredited school of acupuncture with a Masters Degree in Acupuncture or Acupuncture
and Oriental Medicine in order to become an acupuncturist. And take note that these programs can last
3-4 years. Once you have your degree, you can open up
your own acupuncturist business in your own home, or go to work in clinics, cancer treatment
facilities, or in large medical systems like the VA. Our last idea is to open a medical marijuana
dispensary. New state laws legalizing the usage of marijuana
have helped generate a rosy outlook on the future of this industry. In fact, the legal marijuana industry is expected
to grow nearly 24% by 2025. However, there are still a considerable amount
of hurdles to overcome if you wish to operate your own dispensary. First of all, you need to understand all your
state laws regarding recreational cannabis, medicinal marijuana, and CBD products down
to a tee. Going in uninformed is a surefire way to get
you into legal trouble. Next you’ll need to obtain a retailer license
from your state’s regulatory agency in order to sell marijuana products. Similar to liquor licenses, most states usually
cap the number of marijuana licenses they will distribute. If they do, you’ll have to try and buy a
retailer license from an existing business. There are also state laws around security,
advertising, transporting your product, and where a marijuana dispensary can be located. And if that’s not enough, keep in mind that
startup costs are steep, and banks are often hesitant to issue loans for these types of
businesses. But if you’re passionate about pot and its
healing abilities, this can be a fun and rewarding industry to work in. And that wraps up our list of healthcare business
ideas. We hope we’ve helped you get the wheels
turning on your own healthcare business idea. Remember: If we don’t have our health, we
don’t have anything, so helping others get healthy and stay healthy is a commendable
business venture. Check out fundera.com/blog for more tips on
starting and maintaining a business, and subscribe to our YouTube channel for more videos. Thanks for watching!

Self-employed Home-based #Business Afformation’s subliminal Self Employment…Home Based Business.


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How to start a business with no money: tips for entrepreneurs


What if I started a new business today? How
would I approach it? Let’s imagine this scenario- Slidebean, the presentation
platform I started in 2014 disappears today, kind of like The Leftovers. Our AI design
system disappears, our SEO, our users, our revenue, and our team. Also, this Youtube
channel. In this alternative Universe, I’m left with
my personal Youtube channel, which is still tiny, but you can follow me, of course. Last paycheck, plus I’m the only person
in the world that remembers Slidebean, which means I have no credibility as a founder.
All I have left is my experience. How do I start a new business? Step 1, the business idea
Alright, let’s talk about the business idea first. I firmly believe you should only start a business
around something you know how to do: an industry you are familiar with, where you’ve worked
for a while. I have good knowledge of the startup ecosystem,
though remember, nobody knows who I am anymore. I have some design knowledge. I have video
editing and digital animation. My new business should probably be connected to
one of those skills and markets. Perhaps an AI-assisted video editing platform, though
that already exists… Maybe a pitch deck design and writing service for startups- which
Slidebean already does, or did- the challenge here is, once again, credibility. When we started that line of business we already
had a brand: people knew Slidebean, so they weren’t giving their slides to a stranger,
it was this cool company, Slidebean, a venture-funded startup. These guys must know what they are
doing, right? Without that background, I like to think it’d
be harder to compete. So lessons learned here, don’t just build
the first thing that comes to mind. Find a market niche. Find something where you and
your experience can stand out. Also, the motivation to start a business shouldn’t
be ‘I want to start a business’- or I am out of a job, I’ll start a new company. In this scenario, I haven’t lost my savings-
but my savings would only last only for a few months. So no, I would not go to start
a business right away- I’d get a day job. So scratch step 1 and change that to get a
day job. Make sure you don’t have the pressure of running out of money and not being able
to afford rent. It will put you on a better position for anything you set out to do. Ideally, this should be a day job that gives
you some flexibility. If you are tied to a desk 9 to 5, it’s going to be hard to get
anything else done. New step 2, find a business idea. We already talked
about that. Let’s say this business is called design.inc, because it’s a bold and simple
name. Step 3: The co-founder. I firmly believe you need a co-founder. I
doubt I’d start a new company by myself. While I can do some basic coding, I wouldn’t have
time to code AND grow and sell the business, so I’d need a new co-founder for that. Since my Slidebean co-founders have disappeared,
and nobody knows I know a thing or two about startups, I have to start with my immediate
contact network. I’d reach out to friends who I know have some
of the skills and knowledge in the area. I’d double down on my involvement in the local
startup scene; you know, attend meetups, go to events… not conferences, I made a video
about that. Finding a co-founder is hard! I made a video about that. They should
be in a similar position as you (age, day job…) and they should be excited about the
idea, enough to commit to it. We should date a bit, perhaps hack a secondary project together
first, before, you know, going all in. The pressure of not needing money is excellent!
We don’t need to rush things. Step 4, kick-off- I’d aim at developing an
MVP of the platform. Before doing that, we should agree on the company terms, share distribution,
and so on…. you can also find a video about that here. An MVP doesn’t have to be an app. When we
started Slidebean, our first MVP was a concept video explaining how this platform that didn’t
exist yet, worked. And that doesn’t exist anymore. People bought into it, hit our sign up button, and joined our fake
waiting list. The MVP for my previous company was a Kickstarter
campaign. It proved that people wanted this product. So, yeah. THAT is a cheap MVP you can do in
a couple of weeks. After we validate that, we can start doing some coding. If my co-founder is working on the product,
I’d work on the website and the social proof. SEO takes a lot of time, and since we are
starting from scratch, we should aim at filling up a blog with some content as early as possible. Maybe some ProductHunt and Reddit posts to
see how people react to the concept, and then, I would launch this, as soon as possible as
soon as it’s usable. Call it Alpha, Beta, whatever- get it in front of people. We are looking at 15-hour workdays here. Eight
hours at my day job, 7 hours on this new company. That’s the way it has to be, really. Step 5, Traction and De-Risking: I’ve always
said you need traction to raise money. Traction meaning business de-risking. Confirming that the
business is worth something. I would want to de-risk this business as soon
as possible, to find out if it’s worth quitting my day job for it and using up my savings
to be able to work 100% of the time into this business. Most of us can’t afford to live for three
years on savings, so it’s a real-life bet to do this. And it gets harder as you get
older, of course. I’d like to see a few thousands of dollars
in revenue. Or a growing trend of thousands of users. It depends on the business, of course. Step 6, seek funding- If this idea is a tech
startup, then I would look for investor capital, Yes. I draw a line between tech startups and
traditional small businesses (for which we also have a video)- so make sure you know what you
are getting into. I would say I can write and design a decent
pitch deck. If you can’t, you can always get help from someone like Slidebean, which doesn’t
exist in this Universe, of course. I’d navigate my network to approach investors.
LinkedIn first, AngelList, later. This great pitch deck I wrote, with a fresh product with
significant growth, should get me through the door for a few investors. Don’t forget about Startup accelerators. I
did my fair share of programs, and I don’t think there’s a lot more I could learn today-
but what they do offer is initial funding and a vast network of investors. For a company
this stage, with this amount of traction, you could look at something in the 500 Startups,
DreamIt or Y Combinator level. Smaller accelerators typically take idea-stage
companies, but we already built that traction ourselves. What comes next? Well, that depends on the
business- but I hope this is enough to shed some light on the approach that I would take. Back to this Universe, we built a checklist
of all the steps you should take from idea stage to raising capital- it’s available at
FounderHub.io. Also, if you want to try our very real, super
easy to use presentation platform, you can use the URL in the description to get three free months on any of our plans. Hope you enjoyed that, sorry for the clickbait
title- I’ll see you next week!

3 Reasons To NEVER Start A Business With Your Family…


– What’s going on guys, I am Matthias. For those of you who don’t know me, I am the CEO of three different startups, and this channel’s kind of
about taking an in depth look in my day-to-day with
those three companies, you, me, my team, all
taking an honest look in some of my wins, some
of my mistakes as a leader, so hopefully we can all learn from them. Today, got a really really busy day, but I wanted to talk a
lot about what it’s like to do business with
your family and friends, and making really strong relationships and how you navigate those, so stay to the end where
I give you three reasons to start a business with
your family and friends, and three reasons to not start a business with your family and friends. So if you’re considering that, make sure you stay to
the end to watch that because that’ll be important for you, for your future. Don’t start without looking at that. So, I got some work to do, editing, some various other things. So I’m gonna get into that. I do wanna show you the finished setup. So what we’ve got here is
the A650 and the road mic, plus the desk is actually
cleaned up, so that’s good. I really hate messy desks, that is a pet peeve of mine. I don’t know why. I just gotta have my desk clean. So going over some feedback
that Tanner gave me today. One of his concerns was that he finds it difficult sometimes
to communicate to creators because they have so many
things to keep track of. I had an idea that I thought
might alleviate that, because I do believe that the creators have way too much to focus on sometimes, without a clear vision
of what to prioritize from upper management. We should be providing that. So one of my ideas to combat that is to make a Slack channel here, to safeguard against
supervisors and upper management giving everyone else in the company a little too much to do every week. So this Slack chat is gonna
be called Implementations, and the idea behind this is
each one of us supervisors or upper management is
gonna make sure that we all get in sync with
each other every Monday. Hello, I have created
this channel to ensure that we do not overburden our team. The OKR implementation has taught me a lot about how much our team can take on. This will allow us to
make sure we collectively do not implement too many changes in too short a period of time. Give me some feedback on this. Do you think this will work? You have any better ideas? Until then, leave that
down in the comments, I gotta go to the office. People say this looks like a purse. They’re totally right. (garage door opening) I’m sure many of you are
familiar with Team Edge, and if you’re not familiar with Team Edge, Team Edge is a company in
which me and my brother and my brother-in-law all started, so that they could have a
future doing what I was doing. I remember a lot of
people during that time, even my parents who were like, “Are you sure you wanna start
a business with your family?” I cannot personally say enough good things about working for my family, but that’s because I love my family. I think there’s something
so rewarding about being able to work right alongside your brothers or your sisters or whatever, and making things happen. You dream when you’re a kid, it’s just kind of a dream come true. But then again, that was my
relationship with my family. And to my parents’ defense, a lot of people have a lot of issues when they make businesses
with their family, and it’s not even to say
that we never had issues as a family when we made this business. There were definite
periods where we struggled, but I don’t think for a second, anyone of us didn’t
think it was gonna work. Okay, I have a meeting with
the supervising producers in about 15 minutes. Air filters all around, trying
to filter out all the stain. Wow, 1% battery. What’s up, dude? – Sup man?
– How’s it happening? – Good. – Are Tanner and Paul gonna be here, or are they still shooting, you know? – Is Tanner in the shoot? So, I was reading Measure What Matters and one of the things that
they were touching on was like, aside from just how to write an OKR and how to write key results, but it’s also like drive the point home of why we’re doing this. The aspirational portion of it. More so than just checking
off something on the list, but kind of like really
get behind the message. – I think that’s good feedback, cause I was looking at all of our OKRs, and I was also noticing that
some of the more inspirational, it was just like, improve work loads, or do this or do that. The issue with doing OKR is
that are purely functional, is that halfway through, you just don’t wanna do them anymore. The objective needs to
be a vision of the future that inspires you. Hey. – It’s true, that was inspirational. (laughs) – Wonder how it’s going,
unfortunately you said Panda and I know Tanner was gonna complain. – [Mathias] Panda Express? (laughs) – I’d say go to the nice places, don’t be late. (laughs) – I don’t know if I’m gonna go to Panda. I feel like death after Panda. – What do you want, go
out Wendy’s everyday? – [Matthias] No, I feel like
death after Panda and Wendy’s. – My laugh to your joke that
you said that was off camera, made me realize that
was a genuine chuckle, but I can’t tell when I’m
genuinely laughing at you because I corporate laugh
out of awkward situation. – But that’s what I’ve been
grilling you for so long, is you force out laughs now. – That corporate laugh. – (fake laughter) – Is one that’s developed
by YouTube videos of laughing or not laughing, because it’s like, Well this
is gonna be a much funnier bit if I laugh. – You’re tryna laugh track yourself. – Yeah, exactly. – Yeah, I feel like I’m trying, I used to never do that. Before I worked at Hi5,
I used to never laugh at my own jokes, and then when you’re on camera and no one laughs at your jokes, you kind of try to persuade them. – Instinctively, yeah, because laughing is contagious. – So I think I’ve lost my touch, so then I realize after you said an actual funny little
bit, I kinda chuckled and was like, “Dang, that felt good!” – (laughs) I get out of a meeting and there’s money all over the ground. What’s going on here? Did someone come up here and throw money? – No. Oh yes yes yes, (voice
covered by Matthias). – [Matthias] (laughs), she’s like no. Was it you? I know you’re the accountant
but I didn’t expect you to just throw money everywhere. – I ask him some money and then he, fly. – For those of you that don’t know Yong, this is our accountant, Yong, and she is the best
accountant you will ever meet, anytime ever, anywhere. – Oh, thank you very much. – (laughs) I just finished a couple of meetings, two meetings today, supervisors meeting,
and operational meeting. And we got through a lot, honestly, we came to a lot of
conclusions and resolutions. I’m really excited about
the clarity that we had. I think one of the big
mistakes that we made was that we bit off way
more than we could chew for okay, our system, we
have too many top line goals, so we’re gonna actually
eliminate a couple of them so we can focus a little harder. But the great thing about that is that I think we realized it months sooner than we would’ve normally realized it, had this been maybe three months ago. – Oh this is a great book. – He moves the Bible to
the other side. (laughs). CJ came in here, he was
giving me some feedback on how we can potentially fix or alleviate particular issue on some of our channels, and that issue is sometimes
talent on channels that they don’t run, feel like they’re disinterested. – Based on the feedback that you guys gave for Battle Universe and for Rekt, my solution to the feedback was to institute performance reviews based on our performance as talent. So if I go to be on Rekt,
I’m doing a poor job, Gunner should be able to record that, “CJ needs to step it up when he’s talent,” and not just for me but when
people are on my channel, I wanna make sure that they’re performing the best that they can, and sometimes people are
more consistent than others. – That’s the thing, we’re all humans, we need feedback, we
need to constantly adjust and constantly adapt. It’s interesting because you noted that you never get feedback
on your performance, you only get feedback on how
you’re running the channel. – Yeah, so as a producer
– That’s an issue that we need to solve. – Yeah, I mean as a producer, tons of feedback, we have weekly meetings, we have quarterly meetings, I never have gotten feedback on how I do in front of the camera, how I perform on other people’s channels, so that’ll just help
everyone’s performance, I feel. – [Matthias] Well I appreciate that dude. (laughs) – Oh my gosh, I’m trying to work here! – (laughs) You’re right, you’re on Foxer. – Foxer, it’s Sam’s, she’s
waiting for her package, okay? – [Matthias] Is she in there? – Is she? – [Matthias] You can just talk to her. – I’m like, excuse me? Wait. – (giggling) – Yeah, you should be stressed, cause he manages all of the
business taxes. I don’t. Thank you for that by the way. It makes it so I don’t have to, – Stress.
– Yeah I didn’t wanna go to that dark place. The question that I have
for you is what’s your take on doing business with family? Naturally we’re family, so like one sentence. Don’t make it a joke, it’s not allowed to be a joke. – Communication. – [Matthias] Really?
– Yeah. – [Mathias] Nailed it. Even one word. Bro, that’s what’s up, nailed it. Another cool thing that I
discovered was caption services that I’m experimenting with. As low as one dollar a
minute of content so, to caption our videos
professionally, not that expensive. So I’m gonna try that out, see how fast and effective that is. Hey where’s Jenna? – Hi. – [Matthias] Hi.
– Hi. – [Matthias] Hi. Conner is not here. Where’s Conner? Oh okay. – I don’t know where Conner is. What’s up guys? – Upu just got me instead, sorry. – [Matthias] Do you know
anything about the GG equipment? – No, what’s going on with the GG equipment?
– You can’t help me then. You just hang out in the Dope or Nope set? You got these chill vibes over here. – It’s a good workspace, Dude. – [Matthias] Alright, alright. – Hi, viewers, audience, fans. – [Matthias] It’s dark in here, dude. Whoa, so as you can see there
is no camera right here. There used to be a camera
that floated along here, getting various angles but we just decided to hang a camera up there. Less labor intensive. Giant fly in here. – What you don’t have a
lot of good footage today? It’s just a fly. (laughing) – [Matthias] We got you. I was wondering if it
was because of how bad it smells in here dude. – Probably. – [Matthias] One of you
guys could take a shower once in a while. Whatchu working on Izzy? You paint quick dude. Looks good, looks good. Just a lighter shade than what Mike has. Oh hi. – Did you catch that? – [Matthias] I did. Doing bottle flips. Oh, this? You’re building two of these? How long is that gonna take? – Our first day of hope. – [Matthias] Dude, that’s epic, Chuck. What is happening out here? – Dude that was so sick. (group chatter) – Nah, just hit it with one of these dude. – [Matthias] And it went in? (mumbles) – So this is for queue result two. – [Matthias] Queue result number two? – Two, three, and four. – [Matthias] What are you
trying to measure here? The queue result for
consistency on channels. – The consistency score
for the averages between, well this is for Paul’s,
averages of all three of the channels. Attention and inclension.
– And inclension, okay. – So Clickter’s weighted average is based on impressions, naturally. For instance, Dope or Nope and Rekt. Dope or Nope gets 80% of the weight when it comes to they’re watch time. – Also a word to the team too. For your initiatives that
you’re doing on you OKRs, if your initiative spans
the entire quarter. It’s not an initiative. It’s most likely a policy that you need to set up and then just follow. Don’t be tracking a million
things throughout the quarter, just your key results
and maybe one initiative while you’re doing it. What? He fell asleep in here. He fell asleep. One of the things that I
haven’t mentioned to you guys that I will mention relatively soon, I’ll tell ya when I’m more ready. So today I wanted to go over
a very particular comment by N Johnson on this channel. By the way, thank you
very much to everyone who’ve been leaving comments. If you guys have questions
about business leadership or anything, and let’s say
maybe I know the answer to them or maybe I know, you wanna
know my philosophies, leave it down below and maybe I’ll make an entire video about it. So this particular comment N Johnson says, Usually they say, ‘family and friends and
business don’t mix’, but you clearly have made both work. At least from what we’re
allowed to see as the audience. How do you make sure that
you’re still respected as a boss when you’re pretty close with
several of your team members? Actually, I have a kind of
nuanced response to this. I have three reasons to start a business with your family and friends, and three reasons to not start a business with your family and friends. We’re gonna start with the three reasons for starting a business
with your family and friends because I think that’s
possibly the most powerful. Reason number one, they’ll have your back. Your family and friends,
if you’re close to them, will always have your back
through thick and thin. That’s not something that you
can just hire out the gate and just hire some random person and expect that they’re
gonna behave like that. It’s just hard to find
people that you can trust and hard to find people that trust you. And most likely if you’re
considering starting a business with them, you most likely already
have a solid foundation at which your relationship rests upon. Number two is they’re gonna own it. Especially if you’re starting a business with a family member or friend, they’re going to own it just as much as you’re
going to own it, right? To be an owner is a lot
different to being an employee. An owner cares deeply about the success and stability of the business. They’re going to think about it constantly and also make sure that it’s successful because they don’t wanna
just make it successful for themselves but also they don’t wanna let anyone else down. That’s the way and owner thinks. Reason number three and one of the reasons I’ve never seen documented
online at all, maybe it is. Probably it is, but I’ve never seen it. I’ve just learned this from
experience, shared principles. When you have a family, you grow up with a common belief system like shared principles
that you operate by. Most likely when you have a best friend or really really good friends, you’re good friends with them because you have shared
principles that you operate by. This is so important when
you’re starting a business to find people that you think alike with. The reason is you don’t
have to constantly compete. I’m not talking about
competing over who’s the best and who’s the strongest. I’m talking about
competing over the meaning behind why you’re starting a business. It’s so important, especially
in the very beginning that everyone is on board
with that shared mission and that shared vision. See when you hire outside, when you hire people you don’t know, it’s incredibly difficult to find people that have those shared principles. A lot of the times, you have to train them to have those shared principles or you have to build models and systems that facilitate that kind of behavior. That’s really, really,
really difficult to do. Now here are three reasons
to not go into business with your family and friends. Probably something that you
wanna listen to very closely if you’re considering doing it. Reason number one, if you can’t communicate honestly
and effectively with them. If you aren’t able to have an
open and honest conversation with that family member, with that best friend, where
you’re able to tell them, hey I need you to work on this and you’re able to hear them say, hey I need you to work on this, it’s never going to work. I would also suggest
that if you’re not able to have that open and honest conversation with people around you, not
even your family and friends, I would suggest maybe don’t
even start your own business. A successful business thrives on open and honest communication. It’s so, so, so difficult and you’d have to learn
the hard way, for sure, that people need it. They need it. They can’t
operate without it. They can’t operate if you’re hiding things behind closed doors. There was a person that had accused me of, ironically, giving special
treatment to Tanner which he is my best friend but is surprisingly not one
of the four family members that were alongside me. It was kinda surprising, however they thought it was
just super inappropriate to have a best friend as a Director Port. I absolutely disagree with that. They failed to realize why
Tanner became my best friend is the same reason why he moved
up so quickly in my company. We share beliefs, we share principles, we share the ability to openly
and honestly communicate to each other without
bruising each others egos. These are all facets to any
relationship in business that you need to effectively
operate in a work environment. I also think it’s really dumb to think that no one’s allowed to be really close to anyone that they work with. I think you should seek
to have meaningful, deep relationships in the workplace. If you don’t, you’re work is most likely not going to be super fulfilling. The number two reason to not do business with your family and friends
is if they love something else, money, fame, fortune, an idea of themselves. If they love any of those
things more than they love you, I would not start a business with someone who loves something else more than they love their family members. It’s sometimes difficult to
discern that but I think, honestly you just need to
have an open conversation about saying, hey what happens
if the business goes down? You have to have that conversation. The third and final reason is if you love money, fame, fortune, a title, material items, if you love
any of those things more than you love your family and friends, do not go into business with
your family and friends. It will backfire because you always have to choose between money and your family, between material objects and your family, titles and your family, and if you can’t always
make the choice your family, that’s why families fall apart
when they start businesses. People choose the other thing. More important than
any of these other tips that I’ve given you, you have have to have a
conversation with yourself. What do you care about most? Why are you guys still here? It’s almost 5:10. – You said taxes. – [Matthias] Go home. What’s your excuse? – Tax season. – [Matthias] You got
nothing to do with taxes. What, why are you still here? Go home.
– Okay. – [Matthias] Go home. Sometimes you have problem
where people work too hard. It’s a good problem to have but sometimes you just
gotta tell ’em to go home. Are you waiting for Nicole? – I’m waiting for Nicole. – [Matthias] Dude, she was
up there still working. – We went ATVing this weekend
and my legs are so sore that I can’t get out of the car. – [Matthias] She’s up there working. – I’m like I’m gonna
wait for you in the car ’cause I’m too tired. – [Matthias] I told her to come down. – Okay, thank you. – [Matthias] Alright, bye. – Bye.
– See you tomorrow. Thank you very much for watching guys. If you enjoyed this video, I know it was a little bit different, a little bit more structured. I’m trying to find the
balance between doing really what I love of
structuring a video narratively and honestly, giving you a
bunch of raw, real content. Let me know what your thoughts are down in the comments below,
we’ll see you next time.

25 Best Side Business Ideas to Start in 2019


25 Best Side Business Ideas to Start While
Working Full-Time in 2019. 1. Start a Blog.
identify the interset topic or pick best niches. create content frequently
Earn money by add, affiliate marketing, selling own course and more 2. Graphic Design.
Easy to learn the foundations of graphic design on your own.
Easy-to-use Adobe Illustrator Can earn a side income doing things like designing
and selling images can be printed onto posters, T-shirts and sold design on platforms like
Etsy 3. Web Design.
Web designers are incredibly valuable for technology companies
freelance web designer is a top side business idea today.
Web design is all about mastering the art of creating a beautiful, value-driven experience
for the people using a website or app. 4. Web Development.
As a web developer, you’ll build incredibly valuable skills that are in extremely high
demand. You can get up to speed on building websites
in as little as a few months with inexpensive or free online education programs like Treehouse,
the Web Developer Bootcamp on Udemy and Codecademy. 5. Online Courses.
Using your skills for profit is a common trend with all of the best side business ideas.
If you’re an expert at something, there’s likely an audience of people online who would
be willing to pay to become an expert in your field.
6. eBooks. Packaging your skills and knowledge into a
downloadable eBook that delivers value to those seeking to learn a skill, advance in
their careers, or start their own businesses, makes for a strong value proposition if you
target the right audience. 7. Instagram Marketing.
Build up a following on your Instagram account and you could quickly be approached by major
brands, gear companies, and other relevant businesses that sell products or services
related to the type of content you share on Instagram—creating multiple potential side
business ideas that’ll come to you. If you have the right marketing skills and hundreds
of thousands of followers, you can easily charge anywhere between $500 to $5,000 per
post. 8. Online Coaching.
If you have something you’re skilled at and very passionate about, you can turn that winning
combination into offering your services with one-on-one online coaching as a solid side
business idea. Just be sure to implement your own opportunity management system so you don’t
get caught up working with clients that you can’t measurably help. 9. Podcasting.
If you can create a regular audience for your podcast on a specific topic, this is a great
way to get sponsors and fund this side business idea. Naturally, it helps if you already have
an online audience you can tap for listening to your regular podcast, but that hasn’t stopped
thousands of people from building successful side business ideas into lucrative podcasts—including
Alex Blumberg, founder of Gimlet Media who teaches how to use storytelling and launch
a podcast. 10. Amazon Reselling.
Anyone can sell goods on Amazon, provided you have products to sell (or buy low, then
resell). If you’re the type to hit all the local garage sales each weekend, there’s
all sorts of valuable things that can be resold online as a side business idea. 11. Local Business Consulting.
If you’ve developed valuable skill sets or certifications within your industry over the
years, consider putting your skills to use in your free time by offering your consulting
services to local business owners as a potentially lucrative side business idea. 12. Affiliate Sales and Marketing.
If you already have a website that’s driving in targeted traffic, a great way to make passive
income from the content you’re already creating as an easy side business idea, is through
affiliate marketing. ShareASale, Rakuten, Clickbank, and Skimlinks are a few of the
best affiliate networks and tools that can help you make money from the content you already
produce, thus amplifying your side business idea income. 13. Virtual Assistant.
Have a knack for staying organized? If you’re a jack of all trades, you should consider
working as a virtual assistant as a side business idea. You can find great gigs on Elance, Indeed,
or Upwork. It can be an awesome way to rub shoulders with some very important people,
build up your professional network and develop in-demand new skills. 14. Social Media Manager.
We’re all guilty of spending too much time on Facebook, Twitter, or Pinterest sometimes,
so why not get paid to put your expertise to work as a side business idea? Lots of companies,
especially startups or those in retail and travel—even influencers have heavy social
media presences and are constantly in need of people to help build their brands online. 15. Landing Page Specialist.
If you have a way with words and know how to make the keyword-friendly, beautifully
designed, landing pages that follow the best blog SEO strategies, why not charge other
companies for your services and turn it into a money-making side business idea? Even a
short landing page is worth a couple hundred bucks in most cases, and so much more if you
know how to pitch your prospects well. 16. Housesitter.
It’s not exactly a way to make consistent great money, but housesitting exactly what
it sounds like is a fantastically easy business idea that can fund your ability to live in
exciting locales around the world (or your city) without paying a dime in rent. Did I
mention it’s a way to travel and live rent free? Here’s a list of four great websites
from the legendary Nomadic Matt, to start your housesitting side business idea search. 17. Sell on Etsy.
Have a talent for crafting or creating other handmade goods? From bracelets to phone cases,
rings, furniture, and more, Etsy is one of the world’s largest independent marketplaces
that’s perfect for anyone who is creative and willing to sell their handmade creations.
As long as you have the space, this can make for one of the best home business ideas that
can be started as a side hustle with a very limited investment. 18. Ebay Sales.
Similar to selling on Amazon, eBay is a place to make money selling just about anything
you can think of as a side business idea, with the added excitement of using the auction
selling model to sometimes get way more than you expected for that antique baseball card
you picked up at a local street fair. To turn your eBay selling into a legitimate business
idea, look for opportunities where you can buy in-demand products at a discount—and
later sell them for a profit. 19. Fiverr Gigs.
Fiverr is a great place for first-time freelancers who might not have tons of experience and
want to build up a portfolio of their work. You’ll be able to complete simple tasks ranging
from logo design, to creating animations, or even drawing a company logo on your forehead.
While this side business idea likely won’t be growing into a million dollar startup for
you, it can still be a platform for funding your next big business idea. 20. Writing Greeting Cards.
Fancy yourself a poet? You can earn $300 for every poem you write that this greeting card
company publishes—not a bad side business idea if you’ve got a way with words and aren’t
afraid of rejection on poems that aren’t a good fit. 21. WordPress Website Consultant.
Countless small businesses start out their web presence using a WordPress-hosted website
(myself included) before needing to upgrade to other solutions for various reasons. Many
of them will pay several hundreds of dollars for someone to get their business idea set
up online. If you have the patience to learn how to start a blog yourself, it’s an extremely
valuable skill and can be turned into a very lucrative side business idea—especially
if you sign up for affiliate programs with companies like Kinsta, who offer high quality
managed WordPress hosting plans that allow you to collect fees from the clients you refer
their way. 22. Develop an App.
Sometimes it seems like there’s an app for everything. Yet somehow, new ones keep popping
up and selling for lots of money, all the time. If you spot a niche that hasn’t been
filled to its potential just yet, and you can learn the coding skills(or know someone
who already has them), you could be on to something with this side business idea. Today,
it’s even possible to build an app without any coding skills whatsoever. Just make sure
you validate your app idea before jumping too far in. Even if your app business idea
doesn’t pan out to be a best-seller, you’ll still pick up valuable skills. 23. Buy and Sell Domain Names.
Domain name trading has been around for the last couple decades, and while most slam-dunk
names have long been sold off (Insure.com went for $16 Million in 2009) there’s still
plenty of others that you can get your hands on for relatively cheap and broker as your
side business idea. But beware: some experts doubt the long-term viability of this business
idea, so you shouldn’t quit your day job just to put all your effort into this one
without some successes already in the bag. 24. Freelance Writing & Copywriting.
Every website owner (including myself) hires copywriters to write content for things like
about pages, FAQ’s, or blog posts. Hourly wages for novice copywriters are not very
high, but with some experience and a growing portfolio, you can become a freelance writer
today and soon be charging more than you make at your full-time job if you find the right
clients and brand yourself as an expert with this side business idea. 25. Fill Out Online Surveys.
It’s not very engaging, or mentally stimulating, but taking online surveys through companies
like Survey Junkie do pay out (a little), believe it or not. Even if the payouts come
in the form of Amazon gift cards, sites like Swagbucks can pay well. Just don’t expect
to make bank with this side business idea—I recommend combining it with another source
of side income from this list of my best business ideas, and turning to surveys in your downtime
when you need a little extra income.

18 Passive Income Ideas 💸 WORKING In Late 2019 (WITH PROOF)


– So in this video today, I’m going to be putting a list together of the best passive income
ideas that I see out there right now as of late 2019. Now before we get into that, I just wanna briefly cover
something really quick that I always wanna mention
when we’re talking about this idea of earning passive income. And if you’re not familiar
with what passive income is, for most of us, this
means making money 24/7. When we’re sleeping, when we’re awake, at all times during the day, or not actively exchanging
your time for your money. So most people out there are
familiar with active income, which is where you go
to a nine to five job, or maybe you go rake somebody’s leaves and you make money derived
from your immediate activity. While there’s nothing
wrong with doing that the big issue with active income is that you’re actively
involved in that process. And if you wanna say go on vacation, or go do something other than work, well, if all you make is active income, you’re not gonna make any
money when you’re not working. So passive income on the other hand, is a way for you to be
making money 24/7/365 without involving your
time actively day today, and continuing to earn money. Now that being said, a lot of people do sell the
pipe dream of passive income. And they tell you that you
can basically do nothing and sit on your butt at home and start making passive income. And I’m gonna tell you that right now those people are straight up lying to you. Because when it comes down
to earning passive income, you have two choices. Number one, you have to invest your time, it’s going to involve
some amount of time first to actually put something together or to build something that will allow you to earn passive income. And if you don’t like that, then you have to invest your money. You have to take your money, put it into an asset
or something out there, that’s going to allow you to earn income in a relatively passive way. So when it comes down to
earning passive income, you either have to invest your time, or you have to invest your money. There is no pipe dream secret out there of a method that doesn’t
involve some amount of time, or some amount of money to
begin earning passive income. But I’m gonna share with you
guys a blend of both of these, some of them require your time invested, some require your money invested. And I’m actually gonna take
this a step further for you guys and show you actual screen recordings showing you how much I’m actually earning from many of these different
passive income sources. So all that being said, my only asked from you guys, since this video literally took me about 10 hours to research. And then by the time I
figured out my editing. This is a doozy here, but it should be a really good resource for you guys. All that I asked in return
is that you go ahead and drop a like on this video. Literally takes you less than two seconds. It helps out a lot with the algorithm. And it will hopefully allow this video to be shared with more people. Because I know I certainly
enjoy these videos that require a lot more research. And the more views I can get on them, the easier it is for me to
produce content just like this. And the last thing I do
wanna mention any resources as we go through these
different passive income ideas, I’m gonna include links down
in the description below. Some of those links are affiliate links. And essentially what that means is at no additional cost to you, I may earn a commission if you decide to click on those links. So if you decide you wanna support me for putting this video together. That is one of the
options to use the links in the description below. But that being said let’s
start off with idea number one for earning passive income. Okay so number one on my list here is selling a digital product. And in particular, what I’m talking about is selling an online course. And for a lot of you guys, this may sound like an area that you’ve never even
really heard of before. But it really has to do with a transition we are seeing here in how
people are learning new skills. And so most people if
they’re looking to learn about marketing or about
a particular subject, well, they go out there and
they get a college education, the big problem with that
is it’s gonna cost you thousands of dollars, if
not tens of thousands. And also by the time things are written in a textbook, they are often outdated. Well, online courses are a way for people to learn different skills without spending tens of thousands of dollars. And these courses are
also much more current and up to date. Because it’s not like these things are being written into a college textbook. Now no doubt here, the
people who are making a lot of money with online courses are the people that are
actually selling them. It’s kind of like this
analogy here of the gold rush. It wasn’t the guys that
were digging for gold that were actually making the most money, it was the guys that
were selling the pickaxes and the shovels to actually dig for gold. So if you are somebody who
is maybe more extroverted, or you like the idea of teaching, this can be one of the best methods for earning passive income. By taking something you’re
already knowledgeable of, packaging it up into an online course, and then selling it to people online. And not only are you making a really good passive
income source for yourself, you’re also helping people in
a certain area of their life where they’re definitely struggling with. So it’s a win win situation. And you might be saying to yourself, who in the world is going
to buy an online course? But you would honestly be surprised. I actually looked this up as a statistic, because I was curious. The average cost of a four
year private college education is now $32,410. And you have thousands,
tens of thousands of people, hundreds of thousands of people signing up to go $30,000 into debt every single year as they enroll in private college. So as more people shift
to learning online, we’re just gonna begin to see more and more demand for online courses. So people are gonna fork out 30 grand for a college education, it’s not uncommon for
somebody to spend $1,000 to I’d say 2500 on an online course, that’s gonna be far more
current and applicable. So all that being said, I wanna go ahead and jump into my computer now and show you guys exactly
how much money I’ve made in passive income by
selling online courses. Alright guys, so now I’m
gonna go ahead and jump in and show you some of my actual numbers for different digital products that I’ve sold over the
last couple of years. So the first thing you’re
looking at right here is my teachable dashboard, which is where all of my
different online courses live. And I’ve had a couple of different courses over the last couple of
years that I’ve sold. The first one I ever launched was the stock market investing course, I did just about $43,000
in sales of that course. And that course was open for
a little bit over one year. So still not bad $43,000
mostly from organic traffic. Very little paid advertising. The only paid ads I was
doing were retargeting ads going after people who had
already seen the sales page. Passion to Paycheck, this
was actually kind of a flop I was doing with a friend of mine. We only did 4,000 in sales
and we kind of decided that wasn’t gonna be a road
we were going to go down. Stock Radar was the name
of my membership site, we did about 26,000 in sales there total. And then my newest course
here, I know it says 997 here, but we actually have all of our sales running through ClickFunnels. So all of these courses
you’re looking at here, the investing course, that
was over the course of a year. Stock radar, I had that going for probably eight or nine months. But the six figure
affiliate marketing course I just recently launched. The numbers I’m gonna show you right now, these numbers were in about a period of a month and a half to two months. So the reason why I
went from making 40,000 over the course of a year
to making $30,000 in sales of this course in a very
short period of time, was again, because I educated myself on how to actually create
and sell an online course. So I ended up signing up
for Digital Course Secrets, which is a course offered by Kevin David. And this is somebody who
has sold over $10 million worth of digital courses. So he definitely knows what he’s doing when it comes down to
selling online courses. And that is why this launch
was far more successful than any course I’ve done prior. But this is definitely
very passive income. Because once you create this course, it essentially lives here forever. So I’ll show you guys
what that looks like. We’ll open up my course
here on affiliate marketing. And I’ll preview what the students see. And as you can see, it is basically just all
living in here on its own. So as people are signing up
and purchasing your course, they’re automatically going to get access to all the different
content within your course. And it all happens
automatically behind the scenes. And so that is definitely
one of the best things about having an online
course is you build it once. And then once it’s
actually up and running, you can generate sales for yourself. And it’s gonna be completely passive running without your active involvement. Now one of the best things
that Kevin does show in his course, digital course secrets is how to actually get course sales without having an existing audience. Because obviously, I have close to 500,000
subscribers on YouTube, I have an email list and
I have different resources available to me that not everyone has. But Kevin shows you how
you can actually make money with an online course without having a huge existing audience. So Digital Course Secrets is definitely one of the best courses I’ve ever taken. And the results definitely
speak for themselves here. If you guys are interested
in learning more about digital course secrets, that’s gonna be the link
in the description below. There’s also a link there
for a free training. Maybe you’re not ready to
commit to the entire course. But you’re just curious to learn more about you know how you
actually can make money and in particular passive
income with a digital course. Well the link for the free training and the link to sign up for his course are down in the description below. Okay so idea number two
for making passive income is like the OG for me. This is like the first way
I started making money, I made YouTube videos, and
then I started leveraging the Amazon Associates program. And this is literally the easiest way to start making passive income. It actually frustrates me how few people are actually taking advantage of this. But I will say this, because it’s easy, because it’s low barrier to entry, it’s not the most profitable method for making passive income. But if you’re just getting started and maybe your goal is to make $100 per month in passive income, which I think is a very good goal, you could easily accomplish this through Amazon affiliate links. And what I’m getting at here is you would simply take products that you already own and
things that you’ve purchased. So for example, I’ve got
my Blue Yeti microphone sitting over here, conveniently. Or maybe I have this other
camera here, this G7X Mark II. Let’s say I bought these
things which I did already they’re on my desk. I could sit down and make a review of the Blue Yeti microphone or a review of the Canon G7X Mark II. And then I just simply go over to Amazon, join the associates
program and then link up to Amazon in the
description of that video. And essentially what happens is every time somebody
clicks on that link, and makes a purchase over on Amazon, I would earn a commission in the process. So this is how I started
making passive income. Not really my main focus now because there’s better
opportunities for me out there. But I wanna jump over into my computer now and show you guys just how much money I’m still making through the
Amazon Associates program. And if you’re looking to learn more, I do have a much longer in depth video on the Amazon Associates program, which I will link up in
the description below. So here’s a little peek at my
Amazon Associates dashboard. Now I really don’t focus
on this at all anymore. I’m never really making any videos that are driving traffic to Amazon, just because there are definitely better affiliate opportunities out there. But when I first got started
as an online content creator, Amazon Associates was
one of the easiest ways to start making passive income. If you’re not familiar
with how this works, basically people click
on your affiliate links. And when they go ahead
and make a purchase, you will get a commission of that sale. And one of the coolest things
about this particular program is that they don’t necessarily have to buy what you sent them there
for in the first place, no matter what they buy, as long as it’s within 24
hours of clicking your link, and it’s in a category
where you’re allowed to earn a commission, you will earn commission on those sales. So as you can see here
over the last month, it looks like I’ve earned
about $61 and 67 cents. That may sound like a lot of money. That may sound like chump change. But either way, this is
money that I’ve earned for literally doing nothing. This is just from existing
links that are already in my YouTube videos that
continue to get clicks, and continue to drive purchases. So 60 bucks a month for
literally doing nothing, that is the definition of passive income. So if we go a little bit deeper here and look at the reports, we can see exactly what I’ve been selling. And this is the data from
July first to July 31st. This is the total month profit
here of $48 and 88 cents. Now again if I was driving
more traffic to Amazon, I could easily get this up to 150, $200 a month without a problem. But I have better opportunities
that I focus my time on, just because this is a low
commission environment. But if you scroll down
here and take a look, this is the popular things
that people are clicking on, and then how I’m earning a commission. So my most popular items here
are “The Intelligent Investor, “Stock Investing For Dummies”
and “Rich Dad, Poor Dad”, which are the three most
popular investing books I recommend on my channel. And then “Think and Grow
Rich” by Napoleon Hill. So that is basically how all this traffic is getting to my Amazon links. Is from recommending these
four particular books. I’ve mentioned them at
different points in my videos. And now people will organically
click on those links, and then make purchases. So if we go over to the earnings tab, that’s gonna show us how
much I’ve actually made from these different resources. And I wanna go ahead and
sort this by advertising fee. And we’ll see what has
earned me the most money. So in the month of
July, I sold five copies of the “Intelligent Investor” and I earn $2 and 80 cents. So here’s an example of a
product I’ve never recommended or talked about, the Oral B Black Pro 1000 rechargeable toothbrush, I
sold one of those for $39.94. And I earned a commission
of $2 and 40 cents. Viva Naturals Fish Oil supplement, again, a product I’ve never looked at never laid my hands on earned $1.70. Now I’ll go ahead and show you guys how much I earned from Amazon
Associates long time ago. Because I used to focus more on this before I had my different
affiliate opportunities, just because I wanna show you that you can actually make
you know decent money here. So this is my report for last year 2018. I made like $3300 from Amazon Associates, I was promoting it more, I was including links in different places. And so there was a point in time when I was making 300 to $500 per month just from Amazon Associates. And so I think it’s
one of the easiest ways to get started making passive income. Simply going out there and
putting together reviews of books or products that you already own. And then linking up in
the description to Amazon, I think it’s a very
easy way to get started earning passive income. Okay so number three, my third method here for earning passive income is investing in crowdfunded real estate. Now this is a relatively
new investment for me, I just started buying into
this about 14 months ago. But essentially what you’re doing is investing money with
people all over the world. And that money is being invested in private real estate deals. So if you haven’t guessed it already, this is one of the methods
of earning passive income where you already have to have money. You’re taking your money,
putting it into an asset, and allowing that money
to go to work for you instead of actively
involving your own time. So if you already have
some money set aside, this could be an interesting way to begin earning some passive income. So let me jump over now and show you guys my Fundrise dash board. Which is the crowdfunding
platform that I recommend. And I’ll show you guys what my returns have been like so far from this method of earning passive income. So here we have a look
at my Fundrise dashboard. And again, this is one of those methods of earning passive income
that requires money to make more money. As we said, at the
beginning of this video, you have two options for
earning passive income. Number one, you have to invest
your time to build something or number two, you have to invest money that you already have,
and allow that money to earn more money. So my investment in Fundrise was $1,000, up until April of 2019 and
then I jumped it up to $5,000. So these numbers on the left here might look a little bit low. But it has only been a $5,000
balance since April of 2019. So in total, I’ve earned
161.44 from Fundraise. I’ve been an investor since June of 2018. So a little bit over one year. And the thing I like about Fundrise is you can literally start
out with a $500 portfolio. So if you look on the left here, you can see exactly what I have earned. I earned, 125.37 through dividends. 38.86 or 36 through appreciation. And then Fundrise is very transparent about the advisory fees you’re paying, which in this case they collect 1% fee of what you have invested. But overall, I’ve had a great
experience with Fundrise. I definitely recommend
them for people looking for passive investments and
when you already have money. And they’re just very
transparent and straightforward about what it is that
you are investing in. You can see exactly what
projects you’re investing in and literally click on any
of these and get details and see exactly where your money is going. This is just not the same
as investing in a REIT, which is a real estate investment trust. This is a private REIT, but a public REIT like buying shares on an exchange, your not gonna have
that same transparency, of knowing exactly what
you’re invested in. So Fundrise is one of
my favorite investments for earning passive income once
you already have some money. And I plan on scaling this
up to $25,000 invested over the next year or so. If you guys do decide that
you wanna check out Fundrise, the one thing I will say is make sure you have a minimum time horizon here of at least five years. Because your money is
actually being invested in real estate projects just like this. And so they can’t guarantee the liquidity. So if you were to try
to take your money out at some random point in time, if they don’t have enough freed up cash, they can’t guarantee that. So you have to understand that as somebody who invests in
crowdfunded real estate, and I would just say as well, if you think that you’re
gonna need this money in two, three, four years,
don’t invest it here. This is a five plus year time commitment. But that being said, if
you wanna check it out and learn more information,
I have a link for Fundrise down in the description below. Alright so idea number four
for making passive income is leveraging the most popular social media platform out there. No it’s not Facebook, it is
none other than Instagram. And so what we’re calling this
here is Instagram marketing. Now that in and of itself
is kind of a broad topic, because this could mean
marketing yourself on Instagram. Marketing somebody else’s page. Marketing a business on Instagram, and there are so many different ways to make money and to make
passive income on Instagram. So let me just run you guys through a couple of different ideas here. Number one, let’s say for example, you build up a personal
brand page on Instagram, build yourself up as an influencer. And then you start selling
your own digital product or selling your own coaching or even just doing affiliate
marketing on Instagram. That’s just one of the
ways you could do that. Second of all, let’s say you
find an influencer out there, like myself who has a
lot of stuff going on and maybe they don’t have time to manage their own Instagram page. Well, you can manage Instagram pages on behalf of someone else, and they will pay you week after week, month after month on a recurring basis. And then third and finally, let’s say you have
businesses in your area. I’m pretty sure we all have businesses near where we live in a lot
of them suck at social media. And these days if you’re
not on social media, you are just not relevant. So you could help businesses establishing a presence on social media. Now I know what you’re saying, you’re saying, wait a second, Ryan, that sounds like a lot of work. How in the hell is that
going to be passive? Well, how this becomes passive is you take these day to day tasks of
managing somebody’s page. Or even managing your own
page or pages for a business. And you train a VA, a virtual assistant on how to do the ins and
outs of this operation. And so essentially, what
you’re going to be doing might look something like this. So here, you right here in the middle and you’re working with a client that is paying you $1,000 per month to manage their Instagram
page for their business, or whatever it may be. Well, you’re going to take
all of that responsibility. And you’re gonna hire a well trained VA, a virtual assistant from overseas. And let’s say you pay them $250 per month, they’re doing all the legwork for you, you’re just going out
there and getting clients. And essentially, they pay you 1000, you pay your VA 250 and
you’re collecting $750 per month in the process. That is how an Instagram marketing agency can become 100% passive. And so at the end of the day, no, this isn’t gonna be passive
income from day one. You’re gonna have to actually
build up this business, get a couple of clients,
figure out how to grow and manage Instagram pages yourself and then train a virtual assistant. But once you have done
all of those things, it can be a very passive business. Now if you are looking to
learn more about Instagram, in particular Instagram
marketing agencies, or just how to grow your own page or someone else’s on Instagram, I wanna go ahead and point
you towards a free training a friend of mine, Josue Pena, has put on. I’ve interviewed him on my channel on two separate occasions and this guy is just absolutely killing it on Instagram himself
with the different pages he has equity in and with his
Instagram marketing agency. So that free training
is gonna be linked up in the description below. If this is an idea that interests you, anything related to
Instagram, he is the go to guy in terms of learning the ins and outs of growing Instagram and starting your own Instagram marketing agency. Okay so idea number five
for earning passive income is a pretty boring one, but it is still passive
income at the end of the day. And this is earning interest
income from your bank. Now most people go to a traditional bank, and they keep their money in
a traditional savings account. And they earn like .06% interest per year, so it’s like no money at all. But a lot of smart people put their money in an online savings account, which has significantly
higher interest rates. And then that income may
become more substantial. So I’m gonna jump into my computer now and show you guys just how much money I’m earning in passive income
through my online savings account earning interest income. So here’s a look inside
my online savings account where I’m earning interest and this again, it takes money to make money. But if you already have an emergency fund, or maybe you have money set
aside for a major purchase, like a house, or whatever it may be, putting that money into a high yield online savings account is
one of the best decisions you can make, and it will also allow you to earn passive income. So as you can see here, I have currently about $60,000 in this account as just an emergency fund. And it does provide me
with a decent amount of interest income. So June of this year, for example, I earned 142.10 in interest. July, I earned 105.24
just because my balance dropped a little bit because
I purchased a home this year. And then in August, I
made 102.30 in interest. Now obviously, yes, I have a pretty high
balance in this account. But earning $100 a month in interest, just from having money sitting here is again the definition of passive income. Now for me I do this through Ally Bank, and it’s mostly out of necessity. There is a much better option, which I’m gonna show you guys which is called Betterment Everyday, because Ally Bank only
pays 1.9 APY right now. The rate just keeps
getting lower and lower. As much as I would love to use
Betterment Everyday Savings. Because I am an affiliate,
I am not allowed to. I hope they change the rule soon. But unfortunately, that is
just the case right now. So Betterment Everyday Savings
offers in APY of 2.3 9%, which pretty much blows
Ally Bank out of the water. If you guys do have savings right now in a traditional bank account or just sitting around somewhere, I would really recommend putting this into an online savings account. And I personally recommend
Betterment Everyday Savings. That’s gonna be linked up
in the description below. The minimum opening balance
for an account is just $10. There’s no fees for this
and up to a million dollars in FDIC insurance. And a lot of people wonder too since this is offered by Betterment, do you have to be a Betterment investor? The answer is absolutely not. And you do not pay any fees to Betterment for having this online savings account that currently pays a 2.39% APY. So this is a great way
to earn interest income, one of my favorite forms
of truly passive income. Okay idea number six is niche blogging. And no, I’m not talking
about blogging about your day or blogging about what you had for lunch, what I’m talking about is is becoming a expert in a certain niche, hence the niche blogging aspect of this and providing extremely
valuable information to people. So this is something I do
personally with my blog, investingsimple.com. I’m gonna jump into my
computer now and show you guys just how much I’m making
from niche blogging. As well as some of the behind the scenes of how I’m actually making
this passive income. Okay, so here is one of my newest methods for earning passive income. It is this blog that I
started about a year ago, and it is called investingsimple.com. You guys can check this out
if you want to see an example of what this looks like in real action of earning affiliate income
passively through a niche blog. And essentially what it comes down to is by reviewing different platforms, and driving conversions, we earn a commission in the process. So just to show you guys
what that looks like if we go over here and we look at some of these platform reviews. For example, one of the most popular ones for us is this Fundrise
versus Realty Mogul or Webull versus Robinhood. But we’re actually gonna talk about those more in a little bit. There’s also different
articles like this one here, 30 best ways to make money online. This is one of the biggest
moneymakers for our blog. And essentially what it is, is when people click on these articles, and if they ultimately decide
to click on one of our links, for example, Webull. If they click this link,
it is an affiliate link for Webull and will earn a
commission in the process. So just how much money are
we making from the blog. Let me show you guys right now. So right here is my handy
dandy little spreadsheet for the investingsimple blog. Right now we are not
focused on making money, we’re focused on building out the blog. Getting as much content
out there as possible, building the back-end infrastructure. So we’ve had substantial growth there of our income this year, we’ve had a little bit of a retraction just because we got lucky early on with a couple of these affiliates and now we’re seeing more competition. But overall for something
we’ve been doing for a year, and by we, I do have a
business partner in this blog. But for something we’ve
been doing for a year, we’re certainly satisfied
with these results. Our best month this year was April, we had profit of $2200, $2100 for May and June and July, you know a little bit
of a retraction there, primarily because of higher expenses as we’re investing more and
more money back into the blog. And we just recently acquired that investingsimple.com domain name. And that alone was a very large investment that we had to make. But this is a great way
to earn passive income. And essentially what you’re doing is going in finding a niche
that you’re interested in and passionate about, and blogging, and then writing reviews
of different products or services in that niche. So this we’re planning on scaling up to a multi million dollar blog over the next few years yours. So it’s cool that you guys
get to see the very early and humble beginnings for
this little side project. And just to give you
guys a couple of examples of random niche blogs
outside of the finance space, this is one right here
called stonefryingpans.com. I don’t know anything about this blog. But this is essentially
what they’re doing. They’re doing reviews of
different stone frying pans, and is a very basic website. And right up top here you can see they have cookware
brands, cookware reviews. So let’s say you know frying
pan reviews, for example, you can get all kinds of
different reviews from them. Like for example, the cast iron skillet, what’s the best cast iron skillet? And again, this blog is nothing
fancy, as you can tell here, but I’m sure they’re making
a decent amount of money just from articles like this. And so if you can see here, you can decide here make your
purchase right on Amazon. And this is where they’re
making their money, is through the Amazon Associates program. But more specifically, they’re driving that traffic from niche blogging. Putting together a basic blog like this that allows them to make money. And when I click on these links, brings me right over to Amazon and you can see their
affiliate link right up here, meaning they’re earning a commission when someone makes a purchase. Now idea number seven is
related to blogging as well. But I also do this on YouTube. So I wanted to break it off
into a separate category. A lot of these different methods
for earning passive income do have a little bit of overlap. But I wanted to get really
specific with you guys and give you highly actionable advice at the end of the day. So number seven is creating
comparison content, I’m gonna go ahead and
jump in my computer now and show you guys a couple of examples of comparison content
I’ve created in the past and how you can do this as
well to earn passive income. So the next strategy here
for earning passive income is creating comparison content. Now yes, this could technically fall under the category of niche blogging or making YouTube videos. But this has been such
an eye opener for me and a huge opportunity for earning more passive affiliate income. That I wanted to break it
off into its own category. And that is simply by
creating comparison content between two different services products, whatever it may be. Now, the reason why
creating comparison content is so effective, is because
a lot of these articles are long tail keywords. Now we’re gonna talk about
long tail keywords later. But what that generally
means is lower traffic but also lower competition. So if you go out there on Google and you type in Fundrise
review, or Realty Mogul review, you’re gonna find investingsimple on page three or page four most likely, because we just don’t have that authority to rank for that search topic yet. However, for Fundrise versus Realty Mogul. This is a article we’ve
successfully been able to rank. I would say this article
alone is probably making us anywhere from 300 to $500 per month. And essentially what it is we’re taking these two crowdfunded
real estate platforms and comparing them with each other. The other beneficial thing about making this type of comparison content is that people are ready
to make a decision. They know about these two companies, they’re just looking for
the last minute details to choose one over the other. So the level of intent behind
this traffic is very high. So for example, on this article here, we have a little summary tab up top that gives the key differences between Fundrise and Realty Mogul. And then if they go
ahead and click on either of these links, these
are our affiliate links. Over on YouTube a video I did recently was Webull vs Robinhood. Again, comparison style content. But as you can see here, there are so many different opportunities to make these comparison style videos. Webull versus Robinhood,
Webull versus M1 Finance versus TD Ameritrade versus
Firsttrade, blah, blah, blah, a lot of opportunities here
for making comparison content. So I know from my blogging experience that Webull vs Robinhood is
a very lucrative search term. So I went ahead and made a video for that a couple of weeks ago. And as you can see here
in just one month time, I’ve accumulated 4000 views on this video. So comparison content, just like this is one of the best ways in my opinion for generating affiliate
income or passive income. And because you’re going after
these long tail keywords, it’s a lot less competitive
and a lot easier to rank for. Okay so idea number eight
for earning passive income is one that I tried about a year ago. And that is by creating and selling access to a membership site. Now if you’re not familiar
with what a membership site is, this is basically creating content that sits behind a paywall that people have to pay a monthly
subscription to access. We’re all familiar with a couple of very popular membership sites, one of these being Amazon Prime, Another being Netflix, another
being Hulu, or even Spotify. All of these are technically paid subscription membership sites. And essentially what you’re doing for this method of earning passive income is doing exactly what Netflix and Hulu and all these companies are doing, but just on a much smaller scale. You’re taking something
that you’re knowledgeable of and creating a membership site. Maybe it’s healthy recipes. Maybe it’s diet plans. Maybe its weekly makeup tutorials, and you’re taking this and
putting it behind a paywall, and earning money on a
recurring monthly basis. So I did this a little while back with a membership site I
had called Stock Radar, where people were getting
weekly stock analysis in that group. So every single week, I would
sit down and provide people with an in-depth analysis
on a particular company. And I actually scaled that membership site up to the point where I was
making about $6,000 per month. Now I ultimately decided to
stop doing that membership site just because I wanted to go full time into affiliate marketing, but still to take
something from zero dollars per month to $6,000 per month in a relatively short period of time, I would definitely call that a success. And so that business model
would look something like this. Let’s say for example, you have 500 people who are you are selling access to a particular membership site for at let’s say $9 per month, well, now you’ve created
a recurring passive income of %40,500 per month. Now, yes, you will have to create the content for this group. But if you do it the right way, you don’t actually have to even be the one creating that content in the first place. Now you see different examples of subscription models all over the place. There’s apps that have subscriptions, there’s diet plans. So you can definitely be creative. But what I like about
this particular method of earning passive income is because of that recurring revenue
model, it’s very predictable. So if you guys do wanna learn more about selling access to a membership site, pretty much the go to place
for this is Teachable. That where I did my membership site, and they basically do all of
that backend work for you. They give people access to the course, they help with last passwords, they collect the money on your behalf. They basically do everything, all you have to do is set a
price and put content in there. Now they have a weekly
webinar they run called the seven steps to a
successful online course. But this also applies to membership sites, I would highly recommend
sitting in on that. And one of my favorite parts
about Teachable as well is that they have a completely free plan that does allow you to
actually make money. So that’s gonna be the link
in the description below. If you wanna learn more about teachable and how you can make passive income through a membership site. So idea number nine for
making passive income is doing reviews of different
apps that are out there. And the reason why I say that is because this is one of the
easiest ways to get started. Because a lot of these
companies don’t have very strict requirements
about who they let into their referral or
their affiliate program. So I’m gonna go ahead
and jump into my computer and show you guys one of the
affiliate networks I belong to, and how we’re making money
on a consistent basis, just by doing simple reviews of apps that are already out there on the market and getting users to sign up for them. So creating app reviews is
honestly one of the easiest ways to start making passive income as well. Obviously, as you can see here, it’s not going to make you a millionaire. But it’s definitely an
easy way to get started and get your foot in the
door with passive income through affiliate marketing. Now I know a lot of
these different methods are all affiliate marketing. But I wanted to go a little bit deeper with each one just to provide
you guys with better insight. So this right here is called Adbloom. This is a affiliate network
with multiple offers in here. And all this traffic
is coming from my blog. Now Yeah, it’s not a ton
of money at all here. In the last week, we’ve
made $6 and 20 cents and year to date, 238.80. But again, if you’re just getting started making passive income, you have to be okay
with numbers like this. And you have to get excited because this is where everybody starts. So yeah, we’re talking $6 per week. But that’s $6 that I’m not working for or doing anything for that
is just coming into my Paypal automatically without
me thinking about it. So where are these
conversions coming from? They’re coming from reviews
of these different apps. So one of these terms
that we are ranking for is an app called Cushion. And I just wanna show you guys
what that might look like. So let’s say you hear about Cushion you, or go ahead and go into Google. And what you type in
is Cushion App Review. Well, when you go ahead and type that in, here we are at the very top. We even have the box, which
is definitely awesome. Right on top here, Cushion
App Review summary. And it gives a quick summary. If you click into the article, and this is looking
kind of weird right now. Sometimes, depending on
when you visit the website, if we’re doing changes in the background, that site might look kind of weird. But anyways, if you scroll down here and end up clicking this
button to sign up for Cushion. This is an affiliate link, and we earn a commission in the process. So just by doing reviews
of these random apps inside this affiliate network, we’ve been able to make small amounts of commissions per month. This is usually anywhere from
40 to 60 bucks per month. But again, it’s 100% passive income. And the other good thing
about doing app reviews is it’s pretty easy for these people to accept you into their
affiliate programs, because they’re not
the most lucrative ones out there for being honest. I mean, earning $3 for an app sign up, you’re gonna need a lot of signups for that to be a meaningful
amount of income. But as a result, because
it’s not that lucrative, it’s not that difficult to get in. So you could literally
reach out to Adbloom here and you could contact them and say, Hey, you know, I want to go ahead and do reviews of these different apps on YouTube and capture
all of that traffic. Not a bad idea for somebody
who’s watching this and ready to take action. But reaching out to app developers and asking them if they
have a referral program. And simply reviewing these apps
on a blog or YouTube channel is a very easy way to get started in the realm of passive income. Okay, so idea number 10
for making passive income is setting up and running
Facebook ads for small businesses. Now maybe this is an opportunity that you’ve heard of before. And maybe you’re saying, oh, maybe this is over saturated,
I don’t wanna do that. And it’s funny to me how
many people throw that term, over saturated out there. Because as far as I can tell, there are still businesses out there popping up every single day. And a lot of them just
suck at social media, and especially running ads online. So essentially, what you’re
doing with this strategy is helping businesses record,
create optimized Facebook ads. And then after you’ve created these ads, you pretty much do nothing
except send them a monthly report of how that ad is performing,
yet they’re still paying you. So let me give you guys a quick breakdown of how this typically works. So this is basically what it looks like if you are a Facebook ad agency. And no, I’m not just pulling
this out of my you know what, I actually was working with
an ad agency for a while. And this is basically
the industry standard. Most businesses start out with a monthly budget of $1,000 per month. Most businesses have that amount of money that they can spend on ads. Well of that $1,000 ad spend 75% or 750 goes towards the actual ads. 25%, 250 per month goes to you for optimizing and running those ads. Now the beauty of this is that once you’ve actually created
the ad and optimized it and done all the
audiences and the testing, well, assuming that ad is getting that business owner results
and making them money, why would they ever
stopped running that ad? So they’re gonna keep running
that ad month after month. And what you’re going to do is this, once a month, you’re gonna
go into your dashboard, you’re gonna take a screenshot for them, and you’re gonna supply
them with some metrics on how those ads are doing. And in return, they’re gonna
send you $1,000 per month, and you’re gonna keep 250. So if you begin to multiply that across many different clients, this can be a very simple
way to earn passive income. Now if you guys are looking to learn more about Facebook ads, how to set them up, how to run them, and you
want to learn this skill to be able to run ads for
business owners out there, I’m gonna link up to a
free Facebook ads training down in the description below. This is one that Kevin David put together, this is something he did a while back, which was running Facebook
ads for small businesses. And although it’s an opportunity that’s been out for a while, there is still so much
untapped potential here. And it’s a very powerful business model that can allow you to earn passive income. So if you guys want to check that out, that free training is
going to be linked up in the description below. So number 11 is one of my
personal favorite methods for earning passive income. And that is something called
recurring revenue affiliates. So yes, it is a form
of affiliate marketing. But in most cases, the way
affiliate marketing works is I get you a customer and
then you pay me a commission. And then that’s the end
of that relationship until I get you another customer. Well imagine instead,
if you referred somebody to a subscription
service, and you got a cut of that subscription, month after month. That is what a recurring
revenue affiliate is. And this is like the crown jewel or the gold mine of the
affiliate marketing business. So two examples of companies out there that offer this recurring
revenue model are Teachable, which offers a 30% recurring commission. And then ClickFunnels, which offers a 40% recurring monthly commission. So I mentioned them earlier, I am affiliated with Teachable and I’ve been promoting them
for the last year and a half, maybe about two years because
I use the product myself. I’ve been subscribed to Teachable for like two and a half years now. And it’s pretty much the industry standard for selling access to an online course, or to a membership site. So I’m gonna go ahead and show you guys on my screen right now, just how much money I’m making
on a recurring monthly basis. And the important thing to remember here is that I really haven’t
promoted Teachable much in the last year or so. So all of this is just
recurring monthly revenue from people that have already
subscribed to the service. And at the end of the day, if you have a teachable subscription, you’re selling a course or
you’re selling a membership site. And that means that that
teachable membership is making you money. And if it’s making you money, again, why would you ever cancel it? Just like the Facebook ads. So subscriptions like this
tend to be very sticky. So ideally, number 12
was one that probably most of you guys watching my
channel are familiar with, and that is passively
investing in the stock market. And so I’m actually gonna
jump into my computer now and show you guys some
examples of passive investing on one of my favorite platforms out there, which is M1 Finance. Which is probably the
best platform out there for passively investing
in different portfolios or building your own stock portfolio and adding money to
that on a regular basis. But if you guys wanna learn
more about the stock market and investing, I’m gonna link
up to a much longer video I’ve done called stock
market for beginners. It’s just about one hour long
and it’s going to give you a total crash course on investing in the stock market as a beginner. But for now, let’s jump into my computer and talk more about passive investing. So here’s a look inside
my M1 Finance account. Obviously, this isn’t my
primary investing account as I only have $100 in here. But actually, this was
originally a portfolio I started with just $100. So I’m actually had a
pretty decent return on it, just investing in some random stuff here, Apple, Microsoft, Amazon, and
then the Vanguard S&P 500 ETF. So M1 Finance is hands down my favorite investing platform out there for people looking for passive investing. And that is because of
the expert portfolios that they offer you completely free. So this right here is a
long list of everything you can invest in through M1 Finance. So obviously, if you want to
be a self directed investor and choose your own investments, you can literally go through
all these different sectors and decide what you want to invest in, based on all these different categories and screening tools. So if you’re a self directed investor, you can do exactly that
here through M1 Finance. The expert pies, in particular, what I’m interested in
for passive investing, because this is the type of investing where you set it and
then you forget about it. They offer different
general investing plans, which are mostly just
portfolios of stocks and bonds. Some are conservative,
some are more aggressive. And then they also offer
retirement planning. So they have different
target date retirement funds based on when you plan on retiring. And then they have some
other interesting options like hedge fund followers, income earners, and then your basic stock and bond allocations. All investing new and low fee index funds. Now M1 Finance does this completely free, they do not charge any commissions or any kind of asset management fees for investing in these expert portfolios. And again, this is passive investing. This is where you take your money, you put it in this and you
completely forget about it. And you leave it there
to earn compound interest and earn more money over time. So if you do wanna sign up for M1 Finance, or if you just wanna take a look at it and possibly learn more about it, there’s going to be a link
down in the description below. It is the best platform in my opinion, if you’re looking to get started with passive investing
in the stock market. M1 Finance has an array
of very helpful features, one of the best in my opinion
being fractional shares. And that allows you to
buy shares of companies that trade at a much higher share price for a smaller amount of money. So we all know Amazon is
like $2,000 per share. Well I have $32 worth
of Amazon stock here, because I’m able to buy fractional shares. They have automated rebalancing. So as you add or withdraw money, they’re gonna rebalance
your portfolio accordingly. And they also allow you to
automatically contribute to your M1 Finance account on
a weekly or monthly interval. So if you wanna set up a 100%
passive investing portfolio to earn that passive income, M1 Finance is an
excellent option for this. So idea number 13 is
one that’s been around for a very long time
and a lot of people say, wait a second, isn’t email marketing dead? But it’s actually not. And this is still a pretty decent way to earn passive income. And the reason is, because when you set up an email marketing campaign, you’re typically putting together something called an autoresponder. I’m sure we’ve all
gotten these in the past, where you sign up for somebody’s list and they send you emails on a daily basis or maybe every couple of days. Well guess what, that person isn’t sitting there in their Gmail sending you an email. It’s actually a robot
doing it behind the scenes. And so essentially what it comes down to is you can build an email
autoresponder campaign that’s going to connect
with your customers on a regular basis. And then once you build this thing, it basically runs in
the background 24/7/365 without you touching it. And this could be potentially helping you spread awareness about your brand, or getting you new customers. Or if it’s affiliate related, these could be affiliate emails that are earning you commissions. 24/7/365, potentially. And so yeah, it’s not the best
method of marketing anymore. But typical open rates for emails are still in the
neighborhood of 20 to 40%. So if you can still access a good portion of your list just by emailing
them on a regular basis, this can be a great way
to get more conversions or get more customers without
active involvement whatsoever. All you have to do is set
up that email autoresponder and then it runs for you 24/7. So as far as email marketing goes, I personally use and recommend Aweber. I’ll link up to them in
the description below. It’s kind of like one of the oldest email marketing platforms out there, but they’re pretty cheap. And they are very good at what they do. And I like them because
they stay in their lane, they don’t try to do 15 different things. They do email marketing, they do it well. And so I definitely use
and recommend AWeber. I will link to them in
the description below. Alright, so idea number 14
for making passive income right now is through
something called Amazon FBA. Now you may have heard of this before, maybe you don’t exactly know what this is. But for as much money as Jeff Bezos, the CEO of Amazon is making, there’s a lot of people
making crazy amounts of money by being sellers on Amazon. And essentially, what this means is buying a product from overseas, bringing it over to the United States, having Amazon stock it
in their warehouses, and then selling these products on Amazon. So a lot of people
don’t even realize this, but most of the products
for sale on Amazon are not being directly sold from Amazon. They’re being sold by private sellers. And they are making money on the markup. So let’s go ahead and
run through an example of what this might look like now. Now I’m not saying this is a good product to sell on Amazon, it’s probably not because I’m sure people have been trying to do phone chargers for a long time. But it’s an easy example. So let’s say you go on Alibaba, and you buy 1000 of these phone
chargers at 89 cents apiece. Your total investment there being $890. Then you take those chargers, you ship them to Amazon warehouse, and then Amazon fulfill
those orders for you. Well let’s say you go on Amazon, and you list those for 3.99. Well every time you sell a charger, you’re making $3 and 10 cents. If you sell all 1000,
well, you just made $3,100. So that’s a relatively simple example. But this is essentially
exactly how Amazon FBA works. And typically speaking,
you’ll find margins around maybe 30 to 40% with Amazon FBA. So it can be a very lucrative business, if you know how to find winning products and do that product research. So I have a close friend
of mine has been doing Amazon FBA for a number of years. His name is Jordan the
millionaire millennial on YouTube. And I’ve had him on my
channel in the past, I’m gonna have him on
again in the near future. And the majority of the
money he’s making these days comes from something called private label. Which is where you’re actually
launching your own brand or product on Amazon. And that is where you will
often see much higher margins. Now Jordan does have a
mentorship on Amazon. If you guys are curious
about the business. It’s called the Amazon
Millionaire Mentorship Program. And he actually extended
me a discount of $100 off the price of this course. This is actually not gonna be a discount you see anywhere else. That’s gonna be linked up down in the description below. He’s somebody I have an
immense amount of trust for. I’ve met him on multiple occasions, he showed me behind the
scenes of his business. He is a true practitioner of Amazon FBA, and he’s just killing it with the numbers he’s doing with his private label business and his retail arbitrage business. Okay so number 15, here
is up selling a service. And essentially what you’re doing here is taking a service that somebody else is gonna be doing for
you, and then selling that at a higher price to somebody else. Now is this the most
ethical way to make money, I’m gonna leave that one up to you. But you see this happening
all over the world in many different instances. So for example, I have somebody come and mow my lawn just because
it’s like over an acre and I just can’t be bothered
to go buy a lawn mower and I can write it off because
it’s a multifamily property. So I hire people to come do my lawn work. Well, the guy that I actually hired and called up on the phone
isn’t the one out there that shows up and cuts the grass. The guys who show up and cut the grass are just the employees that he’s paying to go do the work for him. So he’s actually marking up their service and selling it to me at a higher price, and then paying them to come mow the lawn. Now yes he does supply the insurance and the trucks and the equipment, but he’s marking up their service and making money as the middleman. So let’s say for example, he’s charging me $50 to mow the lawn, and he’s paying somebody $25 to come show up and mow the lawn. Well, he just made you know, a 100% return on that $25 investment in that person mowing the lawn for him. Well, maybe you don’t
wanna do a whole business and worry about all that. But you can also do this online as well. We just talked about with Instagram, how maybe you have an
Instagram marketing agency, and you’re managing
pages for other people. But you have VA’s doing all
the work behind the scenes, and you’re just marking up their service. So this is one of the
oldest methods out there of earning passive income. It’s basically owning a
business at the end of the day. It’s the old saying, boss
makes $1, I make a dime. You’re the boss in that equation, and you’re making money off
of somebody else’s effort, or labor or service. So idea number 16 for
making passive income is pretty much the first way that I ever made passive income. And that is through YouTube ads being displayed on your videos. So let’s jump into my computer now. And I wanna show you guys an example of a video I made back in 2016. That is still to this day, making me a couple hundred
dollars per month in ad revenue. Okay so here is one of my
personal favorite methods for earning passive income. And that is by creating YouTube videos that are going to be
perpetually being watched day after day, month after month, or in this videos case, year after year. Now yes, this is a bit of a
sensationalized example here. And I’m not saying you
guys should expect this right out of the gate. But this right here is one
of my most popular videos on my channel, Stock Market For Beginners, Trading And Investing 101. Originally published on
December 14th of 2016. If you guys can read that. So I literally posted this
video on like two and a half close to three years ago. I sat down once, recorded this video once, and it’s been earning me money every single month thereafter. So right here, we’re looking
at the last 28 days here. And this is actually the first
time I’ve ever shown anyone my earnings from YouTube. So you guys are getting, never
before seen content here. So I think that deserves a like if you haven’t dropped to
like on this video already, I would certainly appreciate
that for this transparency. But as you can see here, maybe this video doesn’t get
a ton of views, 11,000 views, but I’ve made $724. So even though this video
doesn’t get a lot of views here, we’ve had 11,350 in the last 28 days, I’ve still earned you
know, $724 and 43 cents. So earning almost you know, $750 from a video I recorded two
and a half to three years ago, is a really awesome method
for earning passive income. And I’ll go ahead and show you guys to the lifetime earnings
on this particular video. This is a video that has
made me $21,402 and 71 cents for a video that I created
once that continues to perpetually get views,
day in and day out. So imagine creating multiple pieces of content just like this, that have the potential to earn you a couple of dollars per day. Or in this video’s case,
it’s earning more like 25, $30 per day somewhere in that range. This is the power of YouTube, by having multiple pieces of content, all earning your passive income, they all stack on top of each other. And it can really add up to a decent amount of passive income that should be consistently coming in as that video is viewed. All right number 17 is going
after and long tail keywords. And so this again is very
much related to YouTube and blogging and just
creating online content. So let’s jump into my computer now. And I’ll show you guys
a couple of examples of long tail keywords,
and how you can capitalize on this opportunity to
earn passive income. So when it comes to
search engine optimization and just the way of the digital world, you have two types of keywords. You have long tail keywords and you have short tail keywords. Short tail keywords have the most traffic and the most competition. While long term keywords
have less traffic, but much less competition. So for example, one of my
affiliates is M1 Finance. And I’m actually able to rank for them for a short tail keyword,
which is M1 Finance review. Now I’ve been doing this for a while. So as a result it’s easier
for me to rank for this than somebody who’s brand new. So if you go on YouTube, and
you type in M1 Finance review, well, there’s my smiling face right there with my review of this brokerage platform. But let’s say you’re a complete beginner, and you don’t have the ranking
authority of Ryan Scribner well, what would you do? What you can do is go after
long tail keyword searches that the big guys like myself
are not actually tapping into. And all you do to figure these out is type in the search bar,
your short tail keyword, and see what else populates. So if we do this with M1 Finance, here’s what we’re seeing as far
as these long tail keywords. M1 Finance tutorial. M1 Finance portfolio, M1
Finance dividend portfolio. M1 finance dividend, Roth IRA, M1 Finance pies, M1 Finance taxes. These are all long tail keywords that people are probably
not making content for which gives you the potential
to easily get in there and rank for them. And again, drive conversions
for this particular affiliate. If we go ahead and look
at Webull review again, there’s my smiling face
ranked at number one, because I’m so authoritative in this space with close to half a million subscribers. But if you’re not, here
is some long tail keywords that you should probably be looking at. Webull desktop, Webull paper trading, Webull day trading limits,
Webull versus Robinhood, which I already took that
piece of comparison content. Webull live trading,
Webull account opening. Webull trading tutorial,
Webull app user guide. These are all long tail
keywords that people are just not going after. Like so for example
Webull account opening, I doubt there’s a video out there. Oh there is okay so here we go. Perfect example of of somebody
taking advantage of this, how to set up a Webull
account for short sales, 6000 views in nine months. Imagine if a couple of these people actually clicked on this and
then signed up for Webull. Well, that’s where you start
earning your commissions. And you can do the same
exact thing on Google, which I’ll show you now. I’ll go ahead and type in M1 Finance and see what else
populates just to show you some examples of more of
these long tail keywords. And the other thing that’s helpful as well is starting to fill in different letters. So like M1 Finance
followed by the letter A, M1 Finance auto invest, M1
Finance account minimum. M1 Finance assets under management. So literally all you do
is take these different, affiliates of yours or whatever it may be, find some long tail keywords
that the big players aren’t going after. And then you create content around these very specific search terms to ultimately drive conversions and earn that sweet passive income. Okay and my final one on my list here is called being an owner
occupied real estate investor. Now, technically speaking, no, this isn’t truly passive income. But this is something I
just started doing myself. And I’ve been trying to work
it in anywhere possible, just to really push this
idea home for people because of how much it can
really help you out financially. And essentially, what this means is that, rather than going out there and buying a single family house, what you’re gonna do is
buy a duplex or a triplex and you’re going to live
in one of those units, renting out the other ones
to offset your mortgage. And this is exactly what I’ve done with the property that I’ve purchased. So the property that I purchased is actually a main house
that’s about 2000 square feet with two apartments attached to it. And there’s also a barn on the property. Now if I wanted to get top dollar, what I could do is move
into one of the apartments rent house out and rent
the other apartment. But I like having the space
and I like nice things. So I live in the house for now, maybe down the road, I’ll change that up. But even that being said,
my mortgage on this property is $3,150 per month. That’s a lot higher than if I had just a single family property. But the difference here is that I have these other apartments and
buildings offsetting my mortgage. So apartment number one
rents for about $1,000. So that’s what I’m gonna rent it for when I increase the rent,
that’s the market rate. Apartment number two several
hundred dollars per month. And there’s also a barn on the property, I can rent a storage for $400 per month. And so after factoring all of that in, my cost on that mortgage is only $1,050. Now when I used to rent an apartment, I was paying like $1700 per month for about 1000 square feet. But now I’m in a position
where I have a housing payment of 1050 for a much larger space and I’m building equity in the process. Now is it passive
income, some months it is if you don’t have to,
you know, go fix a toilet or have anything like that. So there will be months that yes, it is passive, you don’t
really do anything. But once in a while you are
going to get phone calls or things that you have to fix up. But the advantage is that since you are actually living there yourself, you can keep an eye on things and keep up on that maintenance yourself. But that’s the final method
there for passive income, one of my favorite ones. And it’s a brand new method for me in a way to basically cut down a lot on your housing payment and build equity in a much more valuable property. And have all those tax benefits
as a real estate investor. But that being said, guys,
that wraps up this video. Thanks so much for sticking
around until the very end. If you did drop me a comment down below, I’m always curious how
many people stick around for these marathon videos. And as I mentioned earlier, I have links to all the resources mentioned down in the description below. But thanks so much for watching guys. I hope you enjoyed this video. I hope you start earning
some passive income and I will see you in the next one.

How To Actually Work On Your Business Not In Your Business – Systemize Your Business Ep. 9


– Don’t confuse what you don’t like to do with what you don’t need to do. Don’t confuse what you don’t like to do with what you don’t need to do. There are a lot of things I
know that you don’t want to do. There are a lot of things
that I don’t want to do. But don’t confuse that
with what you don’t. I do not like to set up. I do not know how to
set up with the sound. Good to have Chris helping me out. I don’t know how to set up this stuff. I just wait, get prepared mentally, Chris help me to mic up, I go. But it’s what needs to be done. It’s what needs to be done. – [Narrator] The king
of high-ticket sales, World’s highest paid consultant. Media Celebrity. Multi-millionaire entrepreneur. Acclaimed TEDx speaker. International best selling author. Dan Lok. – So this illusion to
most business problems are systems and training solutions. Most of the time, it’s a systems solution. Better training, better system, that will solve most business problems. Most business problems. Not all, but most business problems. So let’s recap. What have you learned today? Nothing? – [Man] Systematization. – Shit. (laughter) No, what have you learned today? Procedures, manuals, yes? – [Man] Systematization. – Systematization. Yes.
Be more specific, yes. – [Man] Work on your business,
not in your business. – Work on your business, not
in your business, very good. Yes. – [Man] Become more
specific with the purpose of what you want in your business. – Okay, become more
purpose, more of a purpose. On target, on purpose business, yes. Very good, yes. (audience member speaking faintly) – Yeah, build the business up. It’s a part from you not
a part of you. Very good. Give me a couple more. – [Man] Do a doofus test for employees. – Do a doofus test for employees. Okay, here’s a tip, don’t
call it a doofus test. (laugher) – Like someone applying for the job, I’m gonna give you a doofus test. (laughter) – They’ll be like, “What?” “No, I got that from Dan
Lok, I’m gonna do it”. And don’t do that, okay? But just say, “I want you to do this”. Give me one more. Give me one more. – [Man] Three types of systems. – Yeah, three types of system, hard system, soft system
and information systems. Again, you don’t have to have
all those things overnight. But it’s good to start with
one little piece at a time. One little piece at a time. One little piece at a time. And you’ll see, it creates
predictable results and then once it creates
predictable results, you can take your mind off it and you can work on high
income producing activities. You’re highest and best gift. And you can now delegate those, yes? (audience member speaking faintly) – Sure. – [Lee] So, my name’s Lee, I
have my own startup business, and after reading Michael Gerber’s book, – Yes. – [Lee] What I did, is I
took every single activity of my business and
basically mapped it out. – Very nice. – [Lee] And that was you can see, you can assign
responsibilities to everything and you can also start
to look at what things, you could maybe outsource or automate. – Yes. And don’t keep that in your head. – [Lee] Yeah. – If you actually lay it all out, whatever’s in your head right now, how many of you sometimes can
see, with the amount of tasks there is to be done in your business, sometimes, be honest,
it feels overwhelming. Yeah, so when it’s
overwhelming in your head, you don’t take any action. But when you put everything
out on the table, I guarantee you, here’s
what you’re gonna find. It’s not as bad as I thought. ‘Cause in your mind, you think, I got a million things to do, a million? 100,000 things to do. 100,000 things to do? 10,000 things to do. 10,000 things to do? And then you narrow it down, actually I’ll only do 20 things. I’ll only do 15 things. Don’t bullshit me, right? Then let’s look at those 15 things, and you break it down into smaller tasks, well let’s see what we can count off, and sometimes you’d be shocked. It could be, why am I doing
this task that I just hate? When maybe there’s a software that could help you easily do that. Maybe not a person, a software. Oh, let’s do that. One thing off my plate. And when you’re creating momentum, when you’re thinking of 20 things, and you get it to 19, 18, 14, 15, 13, you get that sense of control. And say, You know what? Now
I’m running my business. ‘Cause I know what’s going on,
my business doesn’t run me. And that’s my aspiration for you. When you can get to that point and say, I run my business, I know what’s going on, I’ve got systems in place. And you will look at every
other business owner, you’re like, These guys have
no clue what they’re doing. Here’s what they’re doing, most people, they run their business, they’re driving, with no driver license, ’cause they have no training. But I’m gonna drive, because
I hate my fucking boss I’m gonna start my own business, right? They’re driving, blindfolded, like that. Hand, taped in the wheel, because they’re singing a lifesaving, starting their own
fucking business, right? So now I’m with the car,
with a knife in the front, and hopefully I don’t crash. Paint that picture in your mind. That’s how most people run their business. Really, no training? Don’t need training, I’ll
just start my own thing. I’ll mortgage my house. Really? Really? Nah, don’t need training. Okay, and how do you know it’s gonna work? It’s gonna work, that’s the knife. Right? It’s gonna work. Not gonna kill me. – [Man] They read The Secret. – I read The Secret five times. (laughter) I read The Secret five times, right? Now applause. (applause) There’s a place for positive thinking and being positive and having
that positive attitude, what I’m saying is, it’s not enough. And I always like to use a lot of martial art
metaphor and sports metaphor, just imagine, I say to you, I want to go to the Olympics. I’m not gonna get the
Olympic by just visualizing. I’m a great swimmer. The energy comes to me,
I’m a great swimmer. And I go compete, I’m gonna win. And it’s no different than someone says, I’m gonna take a two day
workshop, a training, you get skills from it. But it’s like saying, I’m
gonna take a class in swimming, then I’m gonna win championship. It makes no fucking sense. And if it doesn’t make
sense in the sports world, why do you think it makes
sense in the business world? If you have this mentality, that’s why I say, most
people they much prefer to buy the half truths and misinformation. It’s easier to accept. That I take that course, I sign
up for that three day thing, and I do this, and I buy the software. My business would be fine. And they get disappointed every time. And I’m sadden because
they get disappointed and they give up and
they buy the next thing, and the next thing and next thing. Where if we just look at the truth at who do I need to be to get what I want? That’s a good question. Who do I need to be, to get what I want? Who do I need to be, to
win that championship? Who do I need to be, to win in business? Then when you can do that, business works. And that’s why, once you
know you have the skills, you can make one business work, it’s totally transferrable to
make another business work, it’s totally transferrable to
make the third business work. And that’s why people say to me, Hey, Dan, everything now, they see who I am today, and they say, Dan, everything you touch turns into gold. I said, you should’ve seen me 10 years ago when everything I touched turns into shit. (laugher) Because I had no skills. Everything works now because
I have the skillsets, I have the mind set
that could make it work. I could be successful
in different industries. Because I’ve mastered
the skills of business. I’m suggesting that you need to master the skills of business. Doesn’t have to be from me, could be from somebody else, but you need to work on
that if you want experience, the freedom to control, that personal satisfaction that you want. You can’t get there unless
you work on the skills. I can’t present if I don’t work on my public speaking skills. You follow me, yes? – Yes.
– That’s the key. “Success is the sum of small efforts, repeated day in and day out.” I love this quote by Robert Collier. “Success is the sum of small efforts, repeated day in and day out”. I would also argue that failure
is the sum of small efforts repeated day in and day out. No business fails overnight. It’s always cumulatively
a lot of bad decisions, to a point where it cannot be saved. And then it’s too late. And sometimes people come
and say it’s too late. It’s too late, I can’t
help you, it’s too late. So working on, not just in your business. So now fully understand a
need to have a clear vision, you now fully understand
a need for structure, organization and clearly defined position so that you can, and everyone else, aware of their responsibilities. So you now also fully understand a need to have systems to support everyone in delivering
consistence in standards across every facet of the business. So that’s what we learned today. I wanna leave you with one thought, You can’t manage people, I’ve said this. You can’t even manage yourself, to do the things that you want. Example, get fit, lose
weight, stop smoking. So what hope do you have
of getting other people to do what you want? You can’t manage people,
don’t focus on that. Focus on manage time, space and systems. Those things you have control. Time, space and systems. And then the systems run the business and the people run the systems. People run the systems. And that’s all I got, thank you very much. (applause) So, what have you learned from my talk and how does it apply to you and how do you take direct action? Comment below and let me know. If you have any other questions,
you can also comment below. And don’t forget, click
on the subscribe button. Turn on notification and hit the bell so every single time I upload new video you will get notified. If you wanna watch my other videos, make sure you can check
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other videos that I have. We have hundred’s of videos on YouTube. You wanna expand on a topic? Check it out.

9 Best Home Business Ideas: Mix Convenience and Cash


Did you know that 50% of small businesses
are home-based firms? Faster internet speeds and an increasing demand
for flexible work environments are driving an increase in home-based business ideas. By adopting a home business, you can save
a ton of money on rent and overhead expenses. In fact, many home-based businesses cost under
five grand to launch. In this video, I’ll help you find a profitable
business idea that you can start in your living room, kitchen, or fill in the blank with any
other room in your home. At the end, we’ll cover a bonus tip for
home-based business owners, so make sure you keep watching. Our first home business idea is photography. If you like to take photos of people, places,
or things, you can make a lucrative business out of it. People pay a significant amount of money for
photographers at weddings, baby showers, and corporate events. In fact, the average photographer charges
$2,000 per wedding. In addition to events photography, you can
also sell your photos to stock photography sites like Shutterstock, Fotolia, and Getty. Every time someone downloads your photo, you’ll
receive a commission on a per download basis. These commissions might seem small, but they
really add up over time. The only tools you need to launch a photography
home business are a high quality camera, editing software, and an online portfolio of your
work. Home business idea number two is personal
training. If you’re passionate about fitness, then consider
starting a personal training business right in your home studio. You can also visit your clients’ homes,
or use the great outdoors if you’re lucky enough to live in a place that has a temperate
climate year round. Most personal trainers charge between $40
and $70 per hour, but you can charge a higher fee by getting certified by a national fitness
organization such as the American Council on Exercise or National Academy of Sports
Medicine. By getting certified, you can also ensure
that you keep your clients safe while they’re training. Home business idea number three is freelance
writing. If you like to write, freelance writing is
a home business idea that’s perfect for you. There are lots of ways to get started. Even if you don’t have a single byline to
your name yet, many creative publications, like poetry magazines, pay for submissions
from budding writers. Alternatively, if you have years of experience
in a particular industry, you can pitch blog ideas to companies in that sector. You can also make money from technical writing
or resume writing. A great way to pitch your writing services
is on freelance job sites like Fiverr and Upwork. Once you grow into an expert freelance writer,
you can charge $1 per word or more. Not bad for a business that you can start
in your living room! Our fourth home business idea is social media
consultant. The world of social media is a little bit
in flux right now. Major social networks like Facebook and Twitter
are reporting declining user numbers, so why is this idea on our list? Well, although user rates are in decline,
77% of businesses still use social media for sales, marketing, and customer service. Most of these businesses don’t have a budget
to hire a full-time social media manager. Home-based consultants advise their clients
on social media strategy, run ads, and analyze postings and ad spend. An experienced social media manager can charge
$120 or more per hour, and all you need is a computer and an internet connection to get
involved with this job. Our fifth home business ideas to become an
Etsy seller. There are currently over two million active
sellers on the handmade and vintage goods marketplace. When first starting out as an Etsy seller,
it will probably need to be as a side hustle or part-time home business because competition
on the platform is high. However, if you have a product that customers
really love, you can make thousands from the Etsy platform, even six figures. For more insight, check out our video with
Tips on Opening an Etsy Shop. Our sixth home business idea is video game
design. You probably expect to see a profession like
software engineering or coding show up on our list of home business ideas, but you might
not think of video game design. Getting paid to design code and test video
games is a dream job for many people. If you don’t already have the technical skills
for game design, there are plenty of tech boot camps that can teach you the skills you
need to know in just a few months. Today, games are developed only by a few major
studios around the world, so it can be tough to break out as your own game publisher. However, many work-from-home gamers consult
with and develop games for larger studios as contractors. Although video game design jobs have remained
stagnant for many years, this industry is now showing an annual growth rate of almost
12%. Even inexperienced game designers can make
an annual compensation over $40,000. Our seventh home business idea is home staging
and renovation. A good home stager is very valuable for home
sellers and sellers’ real estate agents and brokers. On average, staged home sell at 8% faster
and for 20% more money than non-staged homes. Home staging is the art of decorating a home
so that buyers can envision living in that space. If you have connections with local real estate
professionals or home builders, you can land home staging jobs for several homes in a single
community. Appointment scheduling and communications
with sellers and their representatives can all occur from the comfort of your own home. Home staging is always in demand, but it’s
especially impactful in a slow market when sellers want to incentivize buyers. Self-employed home stagers can charge around
$300 to $600 for a home staging consultation, and $500 to $600 per month for each fully
staged room. Our eighth home business idea is senior care
services. Every day in the US, about 10,000 seniors
turned 65 years old. As baby boomers age, more and more of them
want to stay in their own homes instead of using nursing home care. This opens up plenty of opportunities for
nurses’ therapists and personal aides. The number of jobs in home health care is
expected to rise 41% by 2026, making this one of the fastest growing industries in the
country. Most states require entrepreneurs to get licensed
to provide home health services, but you can focus on just helping seniors with day to
day tasks. Or, to command a higher pay, you can obtain
Medicare and Medicaid certifications from your state. Get your business’s name out there and start
finding clients by advertising your business on social media and on local associations
such as the National Association for Home Care and Hospice. Our last home business idea is to teach English
(or any other language that you’re fluent in). Several countries around the world are generating
big demand for native English speakers to teach English. In China, for example, 300 million people
are currently learning English. South Korea, Japan, Vietnam, and Taiwan are
other countries with a huge demand for English teachers. The website italki.com allows both professionals
and non-certified individuals to sign up as language teachers. You can provide your schedule of availability,
your lesson plan, and pricing, and then you’ll be matched to students around the world who
want to learn English. Make an average of $10 to $15 per hour to
teach English by Skype, FaceTime, or other video software. With a big enough roster students, this could
turn into a very successful home business idea. And that wraps up our list of home business
ideas. Remember that bonus tip we mentioned at the
beginning? Well, our bonus tip is to treat your business
like a real business even if it’s home-based. Before you get started, create a business
plan to test your idea and plan for your company’s growth. You might even want to start part-time and
then slowly ramp up to full-time as your business gains more customers. Check out fundera.com/blog for more business
insights, and subscribe to our YouTube channel for more videos. Thanks for watching, everyone.