How I Make My Money (17 Year Old Entrepreneur)
Published on: December 4 2022 by Hayden Bowles
How I Make My Money (17 Year Old Entrepreneur)
Table of Contents
How I Make My Money (17 Year Old Entrepreneur)
| startTime | durationTime | text |
| 00:00:00 | 00:00:07 | my most frequently asked question is how |
| 00:00:03 | 00:00:10 | do I make my money let's tok about it |
| 00:00:07 | 00:00:12 | like any entrepreneur I'm following the |
| 00:00:10 | 00:00:13 | path of creating multiple streams of |
| 00:00:12 | 00:00:15 | income right so my main business |
| 00:00:13 | 00:00:16 | affiliate marketing right so selling |
| 00:00:15 | 00:00:18 | other people's products get into |
| 00:00:16 | 00:00:20 | commission whether that's through social |
| 00:00:18 | 00:00:21 | media through Facebook Ads through |
| 00:00:20 | 00:00:23 | gettin on calls with people on the phone |
| 00:00:21 | 00:00:25 | it really comes from a variety of |
| 00:00:23 | 00:00:27 | sources so whether it's selling my |
| 00:00:25 | 00:00:28 | friends course you know for a thousand |
| 00:00:27 | 00:00:30 | bucks I get five hundred whether it's |
| 00:00:28 | 00:00:32 | selling a residual income thing like |
| 00:00:30 | 00:00:33 | lead friend which is you know what I |
| 00:00:32 | 00:00:35 | used to do when I promoted a ton of |
| 00:00:33 | 00:00:37 | different stuff for my influencer pages |
| 00:00:35 | 00:00:38 | I don't know if a lot you guys know but |
| 00:00:37 | 00:00:39 | I used to run multiple different |
| 00:00:38 | 00:00:41 | Instagram pages with hundreds of |
| 00:00:39 | 00:00:43 | thousands of followers so I use that to |
| 00:00:41 | 00:00:44 | promote an Instagram growth system that |
| 00:00:43 | 00:00:47 | like helped manage your account |
| 00:00:44 | 00:00:48 | everything and I've built that into a |
| 00:00:47 | 00:00:50 | multi four figure a month you know |
| 00:00:48 | 00:00:53 | residual income stream that's not gonna |
| 00:00:50 | 00:00:54 | pay for my car my rent food and |
| 00:00:53 | 00:00:56 | everything when I move out so that's |
| 00:00:54 | 00:00:58 | kind of giving me a good basis to build |
| 00:00:56 | 00:01:00 | off of obviously it's not enough to like |
| 00:00:58 | 00:01:02 | fully support me but it is a nice and |
| 00:01:00 | 00:01:03 | very consistent income stream one of my |
| 00:01:02 | 00:01:05 | more recent ones that I'm trying to |
| 00:01:03 | 00:01:07 | build is my digital marketing agency so |
| 00:01:05 | 00:01:08 | picking up clients you know right now |
| 00:01:07 | 00:01:09 | I've been meeting tomorrow actually with |
| 00:01:08 | 00:01:11 | the restaurant owner it's these two |
| 00:01:09 | 00:01:13 | brothers who own three different |
| 00:01:11 | 00:01:15 | restaurants in the local area they were |
| 00:01:13 | 00:01:18 | actually the first people I thought of |
| 00:01:15 | 00:01:19 | when I started my agency so really |
| 00:01:18 | 00:01:20 | trying to just get that going you know |
| 00:01:19 | 00:01:22 | sign each restaurant at twenty-five |
| 00:01:20 | 00:01:24 | hundred bucks a pop that's seventy five |
| 00:01:22 | 00:01:26 | hundred I outsource let's say I get |
| 00:01:24 | 00:01:28 | forty to fifty percent of that it's a |
| 00:01:26 | 00:01:30 | good three to four three thousand thirty |
| 00:01:28 | 00:01:32 | five hundred a month so maybe a little |
| 00:01:30 | 00:01:34 | more about a math but you know it's |
| 00:01:32 | 00:01:35 | money so that's a very consistent |
| 00:01:34 | 00:01:37 | residual income and one thing I like |
| 00:01:35 | 00:01:39 | about the agency and I'm sure a lot of |
| 00:01:37 | 00:01:40 | you have gone through Ty's social media |
| 00:01:39 | 00:01:42 | marketing agency program the great thing |
| 00:01:40 | 00:01:44 | about it is like it's such a long-term |
| 00:01:42 | 00:01:45 | play now if you get a business owner |
| 00:01:44 | 00:01:47 | who's been in business for twenty years |
| 00:01:45 | 00:01:48 | you start doing their marketing helping |
| 00:01:47 | 00:01:50 | them and helping them make more money |
| 00:01:48 | 00:01:51 | consistently if they're seeing that |
| 00:01:50 | 00:01:52 | return they're gonna stik with you you |
| 00:01:51 | 00:01:54 | know it's not something that's gonna |
| 00:01:52 | 00:01:56 | fade off in six months know you could |
| 00:01:54 | 00:01:58 | have a client for five ten fifteen years |
| 00:01:56 | 00:01:59 | get eight referrals in that time off for |
| 00:01:58 | 00:02:01 | them and then referrals from those |
| 00:01:59 | 00:02:02 | people so you know just that one |
| 00:02:01 | 00:02:04 | connection from one client can really |
| 00:02:02 | 00:02:05 | lead to something a lot bigger which is |
| 00:02:04 | 00:02:07 | one of the things that you know really |
| 00:02:05 | 00:02:09 | entiked me with that I'm trying to build |
| 00:02:07 | 00:02:11 | you know a very consistent base of |
| 00:02:09 | 00:02:12 | residual income that I can then use to |
| 00:02:11 | 00:02:13 | really support myself and like rely on |
| 00:02:12 | 00:02:15 | one of the things I want to be careful |
| 00:02:13 | 00:02:16 | of you know when moving out and starting |
| 00:02:15 | 00:02:18 | to make money and getting cars and |
| 00:02:16 | 00:02:19 | whatnot it's like where's my money |
| 00:02:18 | 00:02:21 | coming from you know I know a lot of |
| 00:02:19 | 00:02:23 | people who do drop shipping that's one |
| 00:02:21 | 00:02:24 | thing I do that's very volatile you know |
| 00:02:23 | 00:02:26 | I know people who have gone from a |
| 00:02:24 | 00:02:28 | hundred thousand a month and now they're |
| 00:02:26 | 00:02:29 | doing next to nothing so it's kind of I |
| 00:02:28 | 00:02:31 | don't want to have just one stream of |
| 00:02:29 | 00:02:33 | income like that that's not that |
| 00:02:31 | 00:02:35 | consistent and have you know fixed |
| 00:02:33 | 00:02:36 | expenses where I have to pay because I |
| 00:02:35 | 00:02:38 | don't want have to spend money that I |
| 00:02:36 | 00:02:39 | made last month you know because I |
| 00:02:38 | 00:02:41 | didn't make enough this month to even |
| 00:02:39 | 00:02:42 | cover my expenses drop shipping is one |
| 00:02:41 | 00:02:44 | of the things that I'll be working a lot |
| 00:02:42 | 00:02:46 | more on hopefully gonna make series on |
| 00:02:44 | 00:02:47 | my youtube channel you know as I scale |
| 00:02:46 | 00:02:50 | my store how to go to 100 bucks a day |
| 00:02:47 | 00:02:52 | 200 300 500 thousand whatever it is my |
| 00:02:50 | 00:02:54 | personal goal is get to about 5,000 a |
| 00:02:52 | 00:02:57 | day total sales of course with that |
| 00:02:54 | 00:02:59 | within about two months or so so I'd |
| 00:02:57 | 00:03:01 | like to be doing about a thousand a day |
| 00:02:59 | 00:03:03 | profit in my pocket I do have a partner |
| 00:03:01 | 00:03:05 | who is a beast with Instagram he's |
| 00:03:03 | 00:03:06 | actually the co-founder of lead friend |
| 00:03:05 | 00:03:07 | so he's managing all the Instagram side |
| 00:03:06 | 00:03:09 | of things growing in influence or shout |
| 00:03:07 | 00:03:11 | outs or whatever I am just solely |
| 00:03:09 | 00:03:13 | focused on Facebook Ads |
| 00:03:11 | 00:03:14 | which is a great skill you know that'll |
| 00:03:13 | 00:03:16 | carry over to other things if I ever |
| 00:03:14 | 00:03:18 | need to to do client work you know do |
| 00:03:16 | 00:03:20 | some consulting maybe launch other |
| 00:03:18 | 00:03:21 | products you know whatever it is I have |
| 00:03:20 | 00:03:24 | that skill which is a great skill in |
| 00:03:21 | 00:03:25 | itself so I always build a skill and try |
| 00:03:24 | 00:03:28 | and get paid for it you know become the |
| 00:03:25 | 00:03:30 | best of what you do by no means even |
| 00:03:28 | 00:03:31 | good at Facebook Ads but I am kind of |
| 00:03:30 | 00:03:34 | figuring out how to make them profitable |
| 00:03:31 | 00:03:35 | for a Shopify store what gym have income |
| 00:03:34 | 00:03:38 | I've been playing with a little bit is |
| 00:03:35 | 00:03:39 | investing right I'm not pushing ten |
| 00:03:38 | 00:03:41 | thousand dollars out and waiting 10 |
| 00:03:39 | 00:03:43 | years to get that back with a you know |
| 00:03:41 | 00:03:45 | doubling my money you know I'm really |
| 00:03:43 | 00:03:47 | focused on things that are like a week |
| 00:03:45 | 00:03:48 | to three months out right so I'm trying |
| 00:03:47 | 00:03:50 | to move out in the next few months I |
| 00:03:48 | 00:03:51 | don't want to be pushing out capital and |
| 00:03:50 | 00:03:54 | not seeing that come back within like a |
| 00:03:51 | 00:03:55 | couple month window so one of my buddies |
| 00:03:54 | 00:03:57 | friends you know a friend of a friend |
| 00:03:55 | 00:03:58 | does a lot with Bitcoin so I've been |
| 00:03:57 | 00:04:00 | giving him some money and we signed into |
| 00:03:58 | 00:04:02 | a contract it's basically a loan and |
| 00:04:00 | 00:04:05 | then you know he'll make me you know |
| 00:04:02 | 00:04:06 | most recently 30% on my money in three |
| 00:04:05 | 00:04:07 | days so now I'm just starting to scale |
| 00:04:06 | 00:04:09 | and give him more money |
| 00:04:07 | 00:04:12 | signing in a more contract doing more |
| 00:04:09 | 00:04:13 | things I'm probably make a whole video |
| 00:04:12 | 00:04:15 | on that about him because we have |
| 00:04:13 | 00:04:16 | some issues but it's a very interesting |
| 00:04:15 | 00:04:18 | income stream you know finding people |
| 00:04:16 | 00:04:20 | who do different things and are able to |
| 00:04:18 | 00:04:21 | make you a return you know because then |
| 00:04:20 | 00:04:23 | it's a lot better than having your money |
| 00:04:21 | 00:04:24 | just sitting in your bank account which |
| 00:04:23 | 00:04:27 | is kind of the whole reason I got into |
| 00:04:24 | 00:04:31 | Bitcoin I bought summit just under 2100 |
| 00:04:27 | 00:04:33 | and again at 2,500 I've since exited my |
| 00:04:31 | 00:04:35 | position by no I mean am I telling you |
| 00:04:33 | 00:04:36 | to buy but you don't just want capital |
| 00:04:35 | 00:04:38 | sitting in your bank account you know |
| 00:04:36 | 00:04:39 | getting next to nothing of a return you |
| 00:04:38 | 00:04:42 | know you might as well do something with |
| 00:04:39 | 00:04:44 | it invest it get books get courses |
| 00:04:42 | 00:04:45 | whatever invest in yourself invest it to |
| 00:04:44 | 00:04:47 | make more money if you have a lot of |
| 00:04:45 | 00:04:49 | cash flow get into real estate or |
| 00:04:47 | 00:04:50 | something but always be learning and |
| 00:04:49 | 00:04:51 | looking for the next thing because the |
| 00:04:50 | 00:04:53 | fastest way to make money is to use your |
| 00:04:51 | 00:04:55 | money to make more what else do I want |
| 00:04:53 | 00:04:57 | to say hopefully I'll be dropping this |
| 00:04:55 | 00:04:58 | video within a few days of when I'm |
| 00:04:57 | 00:04:59 | recording you know I got to put it |
| 00:04:58 | 00:05:01 | together edit it and see what's up but |
| 00:04:59 | 00:05:03 | I'm kind of recording a few in advance |
| 00:05:01 | 00:05:05 | I'll be traveling a lot over the next |
| 00:05:03 | 00:05:06 | couple weeks and my goal is to drop |
| 00:05:05 | 00:05:08 | content throughout that right so a lot |
| 00:05:06 | 00:05:09 | of traveling content coming soon |
| 00:05:08 | 00:05:11 | hopefully some vlogs some kind of you |
| 00:05:09 | 00:05:13 | know traveling edit type stuff as well |
| 00:05:11 | 00:05:15 | as sit-down videos you know toking |
| 00:05:13 | 00:05:17 | about a specific subject with either |
| 00:05:15 | 00:05:18 | just myself other entrepreneurs or |
| 00:05:17 | 00:05:20 | whoever you know I'm going to ask a few |
| 00:05:18 | 00:05:21 | people at the event in La Jolla if I can |
| 00:05:20 | 00:05:23 | kind of interview them you know just sit |
| 00:05:21 | 00:05:25 | down for 10 minutes and you know toking |
| 00:05:23 | 00:05:27 | about their life what they do you know |
| 00:05:25 | 00:05:29 | what business what they recommend to all |
| 00:05:27 | 00:05:30 | you guys watching so let me know what |
| 00:05:29 | 00:05:31 | you guys want to see if you're familiar |
| 00:05:30 | 00:05:33 | with the event that's happening in the |
| 00:05:31 | 00:05:35 | Jolla this Sunday and you know it was |
| 00:05:33 | 00:05:36 | going let me know who you want me to |
| 00:05:35 | 00:05:38 | make some videos with I'd be more than |
| 00:05:36 | 00:05:40 | happy to collaborate with them see the |
| 00:05:38 | 00:05:40 | next one |
