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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)

How I Make My Money (17 Year Old Entrepreneur)

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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

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