TOP 4 ONLINE BUSINESSES TO START ON JAN 1ST 2021!! | Make Money Online
Published on: November 27 2022 by Peter Pru - Ecommerce Empire Builders
TOP 4 ONLINE BUSINESSES TO START ON JAN 1ST 2021!! | Make Money Online
Table of Contents About TOP 4 ONLINE BUSINESSES TO START ON JAN 1ST 2021!! | Make Money Online
TOP 4 ONLINE BUSINESSES TO START ON JAN 1ST 2021!! | Make Money Online
startTime | durationTime | text |
00:00:00 | 00:00:04 | nowadays starting an online business |
00:00:02 | 00:00:05 | isn't no longer really a luxury |
00:00:04 | 00:00:07 | but for a lot of people it's starting to |
00:00:05 | 00:00:09 | become a necessity and in today's |
00:00:07 | 00:00:12 | video i'm just showing you the best and |
00:00:09 | 00:00:14 | easiest business models to get into |
00:00:12 | 00:00:15 | if you're just getting started my name |
00:00:14 | 00:00:17 | is peter prue i've been in online |
00:00:15 | 00:00:19 | businesses now for 13 years |
00:00:17 | 00:00:21 | i've done millions of dollars across a |
00:00:19 | 00:00:22 | wide range of industries out there i'm |
00:00:21 | 00:00:23 | gonna be sharing with you the pros and |
00:00:22 | 00:00:25 | cons |
00:00:23 | 00:00:26 | of the big kind of ways to make money |
00:00:25 | 00:00:27 | online and which one |
00:00:26 | 00:00:31 | you should be using that's going to give |
00:00:27 | 00:00:37 | you the best shot at success |
00:00:31 | 00:00:37 | [Applause] |
00:00:37 | 00:00:40 | now guys if you're just tuning in for |
00:00:39 | 00:00:42 | the very first time to the ecommerce |
00:00:40 | 00:00:44 | empire builders my name is peter pru |
00:00:42 | 00:00:45 | every single video here we do a giveaway |
00:00:44 | 00:00:47 | today's giveaway winner is going to get |
00:00:45 | 00:00:49 | a hundred dollars to your paypal account |
00:00:47 | 00:00:51 | completely for free all you have to do |
00:00:49 | 00:00:52 | to enter this giveaway is drop a comment |
00:00:51 | 00:00:53 | down below on today's video |
00:00:52 | 00:00:55 | make sure you're subscribed to the |
00:00:53 | 00:00:56 | channel and most importantly this is the |
00:00:55 | 00:00:58 | most important part you got to hit that |
00:00:56 | 00:00:59 | notification bell you want to tune into |
00:00:58 | 00:01:01 | that next video |
00:00:59 | 00:01:02 | to see if you're that lucky winner and |
00:01:01 | 00:01:03 | make sure you stay and watch this whole |
00:01:02 | 00:01:05 | video because we're going to be |
00:01:03 | 00:01:07 | announcing that giveaway winner |
00:01:05 | 00:01:09 | all right guys so let's tok about this |
00:01:07 | 00:01:10 | first business model for most of you |
00:01:09 | 00:01:12 | that are on the channel here already |
00:01:10 | 00:01:14 | know e-commerce right e-commerce and |
00:01:12 | 00:01:15 | drop shipping so i want to get this |
00:01:14 | 00:01:16 | first one out of the way |
00:01:15 | 00:01:18 | and listing out the pros and cons of |
00:01:16 | 00:01:20 | e-commerce and drop shipping as a |
00:01:18 | 00:01:22 | business model now |
00:01:20 | 00:01:23 | the first thing right as far as pros are |
00:01:22 | 00:01:25 | concerned right |
00:01:23 | 00:01:26 | e-commerce and drop shipping is my |
00:01:25 | 00:01:27 | favorite way to make money online |
00:01:26 | 00:01:29 | because |
00:01:27 | 00:01:31 | it is very low risk and it is very very |
00:01:29 | 00:01:33 | very low cost which are really really |
00:01:31 | 00:01:34 | important especially during these times |
00:01:33 | 00:01:35 | where maybe you don't have thousands of |
00:01:34 | 00:01:38 | dollars to invest |
00:01:35 | 00:01:38 | into a new business opportunity right |
00:01:38 | 00:01:41 | however with |
00:01:38 | 00:01:43 | drop shipping and e-commerce usually you |
00:01:41 | 00:01:45 | don't need a lot of money to get started |
00:01:43 | 00:01:46 | and you also don't need to risk a lot on |
00:01:45 | 00:01:47 | your behalf meaning you don't have to |
00:01:46 | 00:01:49 | necessarily risk |
00:01:47 | 00:01:50 | a whole bunch of money or risk a whole |
00:01:49 | 00:01:52 | ton of time |
00:01:50 | 00:01:54 | right now the way we're doing e-commerce |
00:01:52 | 00:01:56 | is using a model called drop shipping |
00:01:54 | 00:01:58 | where your supplier on demand |
00:01:56 | 00:01:59 | sends your products to your customer and |
00:01:58 | 00:02:00 | you take a cut in the middle you don't |
00:01:59 | 00:02:02 | have to buy inventory |
00:02:00 | 00:02:04 | you don't have to buy in bulk you don't |
00:02:02 | 00:02:05 | have to do any sort of those things and |
00:02:04 | 00:02:07 | this is why if you're somebody on a |
00:02:05 | 00:02:08 | really really tight budget |
00:02:07 | 00:02:10 | and you don't have a lot of money to go |
00:02:08 | 00:02:12 | and invest in in a real like you know |
00:02:10 | 00:02:14 | kind of invest in a business |
00:02:12 | 00:02:15 | the drop shipping e-commerce is the best |
00:02:14 | 00:02:16 | one right i personally don't know about |
00:02:15 | 00:02:19 | any other business model |
00:02:16 | 00:02:20 | that's as low risk and low cost to get |
00:02:19 | 00:02:22 | started the other |
00:02:20 | 00:02:23 | pros of drop shipping is you're building |
00:02:22 | 00:02:25 | your own |
00:02:23 | 00:02:26 | business right you're actually creating |
00:02:25 | 00:02:27 | an asset for yourself and this is |
00:02:26 | 00:02:28 | something a lot of people don't realize |
00:02:27 | 00:02:29 | that they're doing when they're drop |
00:02:28 | 00:02:31 | shipping |
00:02:29 | 00:02:32 | right but you're building your own email |
00:02:31 | 00:02:34 | list you're building your own customer |
00:02:32 | 00:02:36 | database which is so |
00:02:34 | 00:02:37 | important now again we're doing a model |
00:02:36 | 00:02:38 | called drop shipping with e-commerce we |
00:02:37 | 00:02:41 | don't go and you know start |
00:02:38 | 00:02:42 | on amazon and you know build amazon's |
00:02:41 | 00:02:44 | business you don't want to do that right |
00:02:42 | 00:02:45 | those are amazon's customers you want to |
00:02:44 | 00:02:47 | take control of your own business and |
00:02:45 | 00:02:47 | that's what drop shipping really allows |
00:02:47 | 00:02:49 | you to do |
00:02:47 | 00:02:51 | it lets you build your own email list |
00:02:49 | 00:02:52 | your own assets for your business and it |
00:02:51 | 00:02:54 | really allows you to grow |
00:02:52 | 00:02:56 | faster which leads me to my next point |
00:02:54 | 00:02:57 | right drop shipping and ecommerce is |
00:02:56 | 00:02:59 | extremely |
00:02:57 | 00:03:00 | extremely scalable right you don't need |
00:02:59 | 00:03:02 | me to be the one to tell you that |
00:03:00 | 00:03:04 | ecommerce is the most booming industry |
00:03:02 | 00:03:06 | out there right now right |
00:03:04 | 00:03:08 | people are buying things online more so |
00:03:06 | 00:03:09 | than ever before and buyers are |
00:03:08 | 00:03:12 | continuing to double |
00:03:09 | 00:03:13 | over and over and over again right so of |
00:03:12 | 00:03:15 | course you know a business model like |
00:03:13 | 00:03:17 | that gives you the best shot at winning |
00:03:15 | 00:03:18 | and ecommerce and dropshipping is really |
00:03:17 | 00:03:20 | scalable because you have a lot of |
00:03:18 | 00:03:21 | opportunities to continue to grow your |
00:03:20 | 00:03:23 | business |
00:03:21 | 00:03:25 | okay meaning let's say you want to you |
00:03:23 | 00:03:26 | know launch your product on amazon |
00:03:25 | 00:03:27 | absolutely you can do that you can |
00:03:26 | 00:03:29 | launch your product on walmart right and |
00:03:27 | 00:03:29 | you can have multiple different sales |
00:03:29 | 00:03:32 | channels |
00:03:29 | 00:03:32 | selling your ecommerce products right |
00:03:32 | 00:03:34 | and again |
00:03:32 | 00:03:36 | with uh drop shipping and e-commerce you |
00:03:34 | 00:03:37 | don't have to you know go put your face |
00:03:36 | 00:03:38 | out there you don't have to go and |
00:03:37 | 00:03:41 | create content necessarily |
00:03:38 | 00:03:42 | around it it's a lot faster way to start |
00:03:41 | 00:03:43 | seeing results |
00:03:42 | 00:03:45 | in your business now some of the cons |
00:03:43 | 00:03:46 | let's tok about some of the cons |
00:03:45 | 00:03:48 | i hope you understand the pros and if i |
00:03:46 | 00:03:49 | missed any let me know in the comments |
00:03:48 | 00:03:50 | you'll also be entered in to win a free |
00:03:49 | 00:03:52 | hundred dollars |
00:03:50 | 00:03:54 | but some of the cons are if you're doing |
00:03:52 | 00:03:55 | like aliexpress or overseas |
00:03:54 | 00:03:57 | right you're gonna have a bit slower |
00:03:55 | 00:04:00 | shipping times right absolutely now |
00:03:57 | 00:04:02 | is this a huge con you know yes and no |
00:04:00 | 00:04:03 | right it can often be combated you know |
00:04:02 | 00:04:05 | slow shipping times with really good |
00:04:03 | 00:04:06 | customer service |
00:04:05 | 00:04:08 | right telling your customers and being |
00:04:06 | 00:04:10 | honest with them but again |
00:04:08 | 00:04:12 | it's a low-risk low-cost way to get |
00:04:10 | 00:04:14 | started before you go and source and |
00:04:12 | 00:04:16 | brand your own inventory which is the |
00:04:14 | 00:04:17 | next step with drop shipping right |
00:04:16 | 00:04:19 | so again the goal with your doing |
00:04:17 | 00:04:21 | aliexpress specifically |
00:04:19 | 00:04:23 | is to test out your product make sure |
00:04:21 | 00:04:24 | you can actually sell it in a low risk |
00:04:23 | 00:04:26 | low cost way |
00:04:24 | 00:04:28 | and then you can go and buy bulk which |
00:04:26 | 00:04:29 | leads me to my next con right |
00:04:28 | 00:04:31 | when you start doing but to buy bulk |
00:04:29 | 00:04:31 | right it does take a little bit of |
00:04:31 | 00:04:34 | capital |
00:04:31 | 00:04:35 | however that capital usually you're |
00:04:34 | 00:04:37 | making a profit on |
00:04:35 | 00:04:39 | because you've already validated that |
00:04:37 | 00:04:40 | you can sell the product right |
00:04:39 | 00:04:42 | this is what i stress so much about |
00:04:40 | 00:04:45 | e-commerce and drop shipping is |
00:04:42 | 00:04:46 | test first low risk low cost then buy |
00:04:45 | 00:04:48 | inventory in bulk okay |
00:04:46 | 00:04:50 | now again yes that will require a little |
00:04:48 | 00:04:51 | bit of extra capital on your part when |
00:04:50 | 00:04:53 | you buy bulk |
00:04:51 | 00:04:54 | however right that will turn into a |
00:04:53 | 00:04:56 | profit because you've already proven |
00:04:54 | 00:04:58 | that you can sell the product |
00:04:56 | 00:05:00 | and leads me to my last con right if |
00:04:58 | 00:05:02 | you're doing aliexpress |
00:05:00 | 00:05:04 | drop shipping specifically you really |
00:05:02 | 00:05:05 | want to make sure now this is a pro and |
00:05:04 | 00:05:07 | a con because it forces you to do so |
00:05:05 | 00:05:09 | but you really want to make sure you |
00:05:07 | 00:05:11 | focus on very very very good customer |
00:05:09 | 00:05:12 | service right a lot of the reasons that |
00:05:11 | 00:05:14 | drop shippers fail |
00:05:12 | 00:05:15 | is because you know they don't |
00:05:14 | 00:05:17 | communicate well with their customers |
00:05:15 | 00:05:18 | they're the customers are confused they |
00:05:17 | 00:05:18 | don't know where their product is and |
00:05:18 | 00:05:20 | you know |
00:05:18 | 00:05:22 | most dropshippers don't even respond to |
00:05:20 | 00:05:24 | them right so i challenge you right |
00:05:22 | 00:05:26 | over compensate with good customer |
00:05:24 | 00:05:28 | service test your offers |
00:05:26 | 00:05:29 | and then grow your ecommerce business |
00:05:28 | 00:05:31 | from there now let's tok about |
00:05:29 | 00:05:33 | affiliate marketing right affiliate |
00:05:31 | 00:05:35 | marketing is a huge huge way |
00:05:33 | 00:05:37 | to make money online and so many people |
00:05:35 | 00:05:38 | do it i actually got my start |
00:05:37 | 00:05:41 | in making money online doing affiliate |
00:05:38 | 00:05:41 | marketing 13 years ago back in college |
00:05:41 | 00:05:43 | now |
00:05:41 | 00:05:45 | affiliate marketing again similar to |
00:05:43 | 00:05:46 | e-commerce and drop shipping is really |
00:05:45 | 00:05:48 | really low cost |
00:05:46 | 00:05:50 | and it really doesn't it's a low-risk |
00:05:48 | 00:05:52 | business model however |
00:05:50 | 00:05:54 | right with affiliate marketing you are |
00:05:52 | 00:05:55 | really just building someone else's |
00:05:54 | 00:05:57 | empire right you're helping |
00:05:55 | 00:05:58 | them grow their business not really |
00:05:57 | 00:06:01 | something of your own |
00:05:58 | 00:06:01 | however right because you're able to |
00:06:01 | 00:06:03 | kind of |
00:06:01 | 00:06:04 | you know promote somebody else's product |
00:06:03 | 00:06:06 | you can kind of |
00:06:04 | 00:06:07 | you know protect yourself in a way where |
00:06:06 | 00:06:08 | you don't really have to do customer |
00:06:07 | 00:06:09 | service |
00:06:08 | 00:06:12 | right you really don't have any |
00:06:09 | 00:06:13 | fulfillment right which makes it a huge |
00:06:12 | 00:06:15 | huge huge pro |
00:06:13 | 00:06:16 | right so the biggest con with affiliate |
00:06:15 | 00:06:18 | marketing is that you're building |
00:06:16 | 00:06:20 | somebody else's business right |
00:06:18 | 00:06:22 | you're helping them grow their customer |
00:06:20 | 00:06:23 | base and all of that however in exchange |
00:06:22 | 00:06:25 | for that con |
00:06:23 | 00:06:26 | your biggest pros are it's low risk low |
00:06:25 | 00:06:27 | cost |
00:06:26 | 00:06:29 | you don't have to handle any of the |
00:06:27 | 00:06:31 | customer service because |
00:06:29 | 00:06:33 | the person you're you're promoting is |
00:06:31 | 00:06:35 | doing that and then you don't have any |
00:06:33 | 00:06:36 | fulfillment costs as well because again |
00:06:35 | 00:06:37 | the person the |
00:06:36 | 00:06:39 | product that you're promoting and |
00:06:37 | 00:06:41 | getting a commission off of that company |
00:06:39 | 00:06:43 | handles all of that stuff for you |
00:06:41 | 00:06:45 | now one of the other big pros about |
00:06:43 | 00:06:47 | affiliate marketing is it allows you to |
00:06:45 | 00:06:48 | test your offers out right so |
00:06:47 | 00:06:50 | let's say you want to launch a |
00:06:48 | 00:06:52 | supplement company or or you know |
00:06:50 | 00:06:54 | whatever it might be an e-commerce |
00:06:52 | 00:06:56 | product whatever right you can go find |
00:06:54 | 00:06:57 | an affiliate product like that |
00:06:56 | 00:06:59 | and promote it and see if you can |
00:06:57 | 00:07:00 | actually sell it now if you're able to |
00:06:59 | 00:07:01 | sell it and you're |
00:07:00 | 00:07:03 | you're seeing sales come in that tells |
00:07:01 | 00:07:03 | you okay this could be a potential |
00:07:03 | 00:07:05 | product that |
00:07:03 | 00:07:07 | i can launch for my own brand so |
00:07:05 | 00:07:09 | affiliate marketing is really versatile |
00:07:07 | 00:07:10 | in that way that allows you to kind of |
00:07:09 | 00:07:12 | test the waters and see if you can |
00:07:10 | 00:07:13 | actually sell a product before you go |
00:07:12 | 00:07:15 | and put the time and energy into |
00:07:13 | 00:07:17 | actually developing it for yourself now |
00:07:15 | 00:07:18 | let's tok about some of the cons so one |
00:07:17 | 00:07:20 | of the cons i already mentioned |
00:07:18 | 00:07:22 | was you're not really building your own |
00:07:20 | 00:07:23 | business which it is a big deal right |
00:07:22 | 00:07:25 | because you you don't get to control |
00:07:23 | 00:07:26 | those email addresses |
00:07:25 | 00:07:28 | you don't get to kind of control the |
00:07:26 | 00:07:30 | customers and that's really where most |
00:07:28 | 00:07:32 | money in a business is made right that |
00:07:30 | 00:07:33 | first sale that a business makes |
00:07:32 | 00:07:35 | isn't where the money is made right most |
00:07:33 | 00:07:37 | of the money in a business is made on |
00:07:35 | 00:07:39 | the back end right the repeat purchases |
00:07:37 | 00:07:41 | that you get to your customers |
00:07:39 | 00:07:42 | which you being an affiliate marketer |
00:07:41 | 00:07:44 | right you really don't get to take |
00:07:42 | 00:07:46 | advantage of the second con is |
00:07:44 | 00:07:47 | you need to be good at this right |
00:07:46 | 00:07:49 | affiliate marketing used to be really |
00:07:47 | 00:07:51 | really easy back 10 years ago but right |
00:07:49 | 00:07:52 | now it's such a competitive landscape |
00:07:51 | 00:07:53 | that |
00:07:52 | 00:07:55 | you really need to be an expert at |
00:07:53 | 00:07:57 | direct response marketing meaning |
00:07:55 | 00:07:58 | you need to understand how sales funnels |
00:07:57 | 00:07:59 | work you need to understand how |
00:07:58 | 00:08:01 | advertising works |
00:07:59 | 00:08:03 | to make your business actually |
00:08:01 | 00:08:04 | profitable a lot of the people that are |
00:08:03 | 00:08:06 | already doing well in affiliate |
00:08:04 | 00:08:07 | marketing are people that already have |
00:08:06 | 00:08:09 | big lists of customers so if you're just |
00:08:07 | 00:08:10 | getting started with affiliate marketing |
00:08:09 | 00:08:13 | it's going to be a little bit more |
00:08:10 | 00:08:14 | challenging for you um to to get the |
00:08:13 | 00:08:15 | ball rolling and seeing those |
00:08:14 | 00:08:17 | commissions coming in |
00:08:15 | 00:08:19 | which leads me to my next point right it |
00:08:17 | 00:08:21 | takes a lot of time right |
00:08:19 | 00:08:23 | affiliate marketing unlike ecommerce and |
00:08:21 | 00:08:25 | drop shipping right you can throw a |
00:08:23 | 00:08:27 | site together you know within a day or |
00:08:25 | 00:08:29 | two and start driving traffic and sale |
00:08:27 | 00:08:31 | and seeing sales come in |
00:08:29 | 00:08:32 | however with affiliate marketing it's |
00:08:31 | 00:08:34 | kind of it's a more it takes a lot of |
00:08:32 | 00:08:34 | time whether you're putting out youtube |
00:08:34 | 00:08:36 | content |
00:08:34 | 00:08:38 | or blog posts right it takes time to |
00:08:36 | 00:08:39 | rank on certain keywords |
00:08:38 | 00:08:41 | and actually then start seeing the |
00:08:39 | 00:08:43 | fruits of your labor and it leads me to |
00:08:41 | 00:08:45 | my last con about affiliate marketing |
00:08:43 | 00:08:46 | it's very difficult to sell directly |
00:08:45 | 00:08:47 | right you can't just promote your |
00:08:46 | 00:08:51 | affiliate links |
00:08:47 | 00:08:53 | on on uh on on facebook or or youtube |
00:08:51 | 00:08:54 | ads or any of these ad platforms |
00:08:53 | 00:08:56 | because that then you're just really |
00:08:54 | 00:08:57 | just competing with that direct person |
00:08:56 | 00:08:59 | right so they don't |
00:08:57 | 00:09:01 | allow you to really sell it directly so |
00:08:59 | 00:09:01 | usually you have to hide these affiliate |
00:09:01 | 00:09:04 | offers |
00:09:01 | 00:09:05 | like on behind some sort of funnel which |
00:09:04 | 00:09:06 | makes it a little bit more difficult to |
00:09:05 | 00:09:08 | actually |
00:09:06 | 00:09:10 | sell affiliate products on the front end |
00:09:08 | 00:09:11 | alright guys i'm gonna quickly announce |
00:09:10 | 00:09:12 | our last video giveaway winner we're |
00:09:11 | 00:09:14 | gonna flash your name right there if |
00:09:12 | 00:09:15 | that is you email peter |
00:09:14 | 00:09:17 | ecommerceempirebuilders.com to claim |
00:09:15 | 00:09:18 | your free prize and don't forget if you |
00:09:17 | 00:09:19 | want to win a hundred dollars to your |
00:09:18 | 00:09:21 | paypal account |
00:09:19 | 00:09:22 | drop a comment down below in today's |
00:09:21 | 00:09:23 | video make sure you smash that like |
00:09:22 | 00:09:24 | button if you're getting tremendous |
00:09:23 | 00:09:25 | value from this video |
00:09:24 | 00:09:27 | and most importantly hit that |
00:09:25 | 00:09:28 | notification bell so you can see if |
00:09:27 | 00:09:30 | you're that lucky winner |
00:09:28 | 00:09:31 | so now let's tok about the next online |
00:09:30 | 00:09:33 | business model that |
00:09:31 | 00:09:35 | you can make money online and that is |
00:09:33 | 00:09:37 | starting an agency right i see these |
00:09:35 | 00:09:38 | very very often people saying that hey |
00:09:37 | 00:09:41 | i'm going to start an agency |
00:09:38 | 00:09:43 | i want to offer services out there and |
00:09:41 | 00:09:44 | charge a retainer or money for them so |
00:09:43 | 00:09:46 | if you don't know what an agency is |
00:09:44 | 00:09:47 | think about people that run ads for your |
00:09:46 | 00:09:48 | business right they charge you a couple |
00:09:47 | 00:09:50 | thousand dollars a month |
00:09:48 | 00:09:53 | right and they provide a service for you |
00:09:50 | 00:09:54 | now the pros of an agency the biggest |
00:09:53 | 00:09:56 | pro of them all is that you can charge |
00:09:54 | 00:09:57 | more premium prices |
00:09:56 | 00:09:59 | right meaning if you're really good at |
00:09:57 | 00:10:02 | what you do you can charge people 10 |
00:09:59 | 00:10:03 | 20 000 a month right just for the |
00:10:02 | 00:10:04 | services that you provide for their |
00:10:03 | 00:10:07 | business |
00:10:04 | 00:10:08 | right now again with agency work it is |
00:10:07 | 00:10:09 | low risk and it's low cost because it |
00:10:08 | 00:10:12 | really doesn't |
00:10:09 | 00:10:14 | cost you any money to get started but it |
00:10:12 | 00:10:16 | does take a lot of your time |
00:10:14 | 00:10:17 | okay so again the biggest pros with an |
00:10:16 | 00:10:19 | agency is that you can |
00:10:17 | 00:10:20 | charge more right you can make more |
00:10:19 | 00:10:22 | money |
00:10:20 | 00:10:24 | okay and it is also low risk and it is |
00:10:22 | 00:10:26 | low cost to get started |
00:10:24 | 00:10:27 | now let's tok about the cons right |
00:10:26 | 00:10:28 | because i see the pros here okay i want |
00:10:27 | 00:10:29 | to make more money i want to do all |
00:10:28 | 00:10:30 | these things |
00:10:29 | 00:10:32 | right it's going to allow me to scale |
00:10:30 | 00:10:34 | faster and that leads me to the cons |
00:10:32 | 00:10:34 | right because with the agency side of |
00:10:34 | 00:10:37 | things |
00:10:34 | 00:10:38 | there are a little bit more cons and |
00:10:37 | 00:10:39 | other business models that a lot of |
00:10:38 | 00:10:41 | people |
00:10:39 | 00:10:44 | aren't aware of number one the biggest |
00:10:41 | 00:10:46 | one is you have to absolutely be |
00:10:44 | 00:10:47 | amazing at what you offer right you |
00:10:46 | 00:10:48 | can't just go |
00:10:47 | 00:10:50 | out there and say hey i'm gonna run your |
00:10:48 | 00:10:52 | facebook ads for this local |
00:10:50 | 00:10:54 | uh you know uh business near your house |
00:10:52 | 00:10:55 | or this e-commerce business |
00:10:54 | 00:10:57 | right because they're maybe they'll |
00:10:55 | 00:10:58 | trust you for a month |
00:10:57 | 00:11:00 | right but then they're gonna cancel your |
00:10:58 | 00:11:02 | retainer and you're no longer going to |
00:11:00 | 00:11:04 | have that that client anymore |
00:11:02 | 00:11:06 | okay so the first thing is you need to |
00:11:04 | 00:11:07 | already be very good at something before |
00:11:06 | 00:11:09 | you start offering |
00:11:07 | 00:11:11 | some sort of service to people okay |
00:11:09 | 00:11:12 | which most people that are getting |
00:11:11 | 00:11:13 | started with making money online whether |
00:11:12 | 00:11:14 | you're a beginner or somebody that's |
00:11:13 | 00:11:16 | just getting started or you're already |
00:11:14 | 00:11:17 | seasoned and doing you know doing good |
00:11:16 | 00:11:18 | numbers |
00:11:17 | 00:11:19 | is that when you're just getting started |
00:11:18 | 00:11:21 | usually you don't have you're not an |
00:11:19 | 00:11:23 | expert at one specific skill |
00:11:21 | 00:11:24 | but think outside the box sometimes |
00:11:23 | 00:11:24 | right maybe you're somebody that you |
00:11:24 | 00:11:26 | know |
00:11:24 | 00:11:28 | that really knows accounting services or |
00:11:26 | 00:11:30 | maybe you're a cpa well maybe |
00:11:28 | 00:11:32 | positioning yourself as hey i'm a cpa |
00:11:30 | 00:11:33 | for e-commerce business owners |
00:11:32 | 00:11:36 | and then offering that as a service so |
00:11:33 | 00:11:37 | oftentimes in our life we have skills |
00:11:36 | 00:11:39 | that you know could be translated |
00:11:37 | 00:11:40 | different things uh that you can offer |
00:11:39 | 00:11:42 | as a service |
00:11:40 | 00:11:44 | but you have to be good at what you do |
00:11:42 | 00:11:46 | that is the key otherwise |
00:11:44 | 00:11:47 | people are just going to cancel after a |
00:11:46 | 00:11:49 | month of working with you |
00:11:47 | 00:11:51 | and really if you want to make money as |
00:11:49 | 00:11:52 | an agency you really need to to have |
00:11:51 | 00:11:54 | people on retainer |
00:11:52 | 00:11:55 | and staying with you because the |
00:11:54 | 00:11:58 | services that you provide are so |
00:11:55 | 00:12:00 | valuable number two as far as cons with |
00:11:58 | 00:12:02 | the agency work is it's not as scalable |
00:12:00 | 00:12:03 | as other business models right with |
00:12:02 | 00:12:05 | ecommerce products right |
00:12:03 | 00:12:06 | you're scaling your advertisements and |
00:12:05 | 00:12:07 | trying to reach as many people in your |
00:12:06 | 00:12:09 | niche as possible |
00:12:07 | 00:12:11 | now with agency side if you're very |
00:12:09 | 00:12:12 | niched in there's a finite amount of |
00:12:11 | 00:12:14 | people that may want your service |
00:12:12 | 00:12:16 | and not to mention if it's a large pool |
00:12:14 | 00:12:18 | right and you you're going to need to |
00:12:16 | 00:12:20 | train more people to kind of do |
00:12:18 | 00:12:22 | what you do at the level that you do |
00:12:20 | 00:12:24 | right which takes a lot of trust and it |
00:12:22 | 00:12:25 | takes a lot of building systems and |
00:12:24 | 00:12:27 | processes into your business |
00:12:25 | 00:12:29 | that's something that we are doing right |
00:12:27 | 00:12:29 | now at the e-commerce empire builders |
00:12:29 | 00:12:32 | right |
00:12:29 | 00:12:33 | because you can't just do everything by |
00:12:32 | 00:12:34 | yourself you're going to need team |
00:12:33 | 00:12:35 | members help |
00:12:34 | 00:12:36 | you're going to need assistance and |
00:12:35 | 00:12:38 | you're not going to be able to just |
00:12:36 | 00:12:40 | scale to 100 |
00:12:38 | 00:12:42 | you know clients a month by doing all of |
00:12:40 | 00:12:43 | the work by yourself so |
00:12:42 | 00:12:46 | you have to already have that kind of |
00:12:43 | 00:12:47 | that mindset you know of having that |
00:12:46 | 00:12:50 | systems and the processes |
00:12:47 | 00:12:52 | and going into the agency side of things |
00:12:50 | 00:12:53 | like with that mindset because you know |
00:12:52 | 00:12:55 | you might think right now oh if i just |
00:12:53 | 00:12:56 | get two three clients that pay me two |
00:12:55 | 00:12:57 | grand a month like i'm gonna not do |
00:12:56 | 00:12:59 | anything |
00:12:57 | 00:13:01 | it doesn't work that way as you scale |
00:12:59 | 00:13:02 | your business you're gonna see and uh |
00:13:01 | 00:13:04 | see a bunch of different kinds of |
00:13:02 | 00:13:05 | issues that come up and expenses that |
00:13:04 | 00:13:06 | come up that you might have not |
00:13:05 | 00:13:08 | otherwise |
00:13:06 | 00:13:09 | seen before number three is dealing with |
00:13:08 | 00:13:11 | clients right |
00:13:09 | 00:13:13 | with agency work you're dealing with a |
00:13:11 | 00:13:15 | lot of clients similar to your customers |
00:13:13 | 00:13:17 | however clients are going to require |
00:13:15 | 00:13:18 | a lot more of your attention so when |
00:13:17 | 00:13:20 | you're doing an |
00:13:18 | 00:13:21 | agency typically it's going to take a |
00:13:20 | 00:13:22 | lot more of your time you might be |
00:13:21 | 00:13:23 | having to get on calls you're going to |
00:13:22 | 00:13:25 | have to |
00:13:23 | 00:13:26 | you know be immersed in whatever service |
00:13:25 | 00:13:28 | that you're offering with them |
00:13:26 | 00:13:28 | constantly having that communication |
00:13:28 | 00:13:30 | with them |
00:13:28 | 00:13:31 | right so when you're doing this kind of |
00:13:30 | 00:13:33 | work you really need to have really good |
00:13:31 | 00:13:34 | communication with your clients |
00:13:33 | 00:13:36 | and making sure that you're |
00:13:34 | 00:13:38 | extinguishing any fires that happen |
00:13:36 | 00:13:40 | with your clients now as i mentioned |
00:13:38 | 00:13:42 | with agency there's a lot more logistiks |
00:13:40 | 00:13:44 | that go into play here |
00:13:42 | 00:13:46 | okay because again as you scale this |
00:13:44 | 00:13:48 | business you're going to be |
00:13:46 | 00:13:49 | seeing a lot of moving pieces especially |
00:13:48 | 00:13:51 | now with your own business and then with |
00:13:49 | 00:13:53 | your clients businesses or how whatever |
00:13:51 | 00:13:55 | service that you're offering them |
00:13:53 | 00:13:56 | and this also leads me to another point |
00:13:55 | 00:13:58 | is that you need to make sure that |
00:13:56 | 00:14:00 | you're an authority in your space |
00:13:58 | 00:14:02 | speak confidently about what you're |
00:14:00 | 00:14:03 | offering your customers right if you get |
00:14:02 | 00:14:05 | on a call |
00:14:03 | 00:14:06 | with a potential client and you don't |
00:14:05 | 00:14:08 | speak confidently about how you're going |
00:14:06 | 00:14:09 | to be able to help them with accounting |
00:14:08 | 00:14:10 | or whatever service that you offer |
00:14:09 | 00:14:12 | facebook ads |
00:14:10 | 00:14:13 | whatever they're going to sniff that out |
00:14:12 | 00:14:14 | and not work with you and again that |
00:14:13 | 00:14:16 | comes back to |
00:14:14 | 00:14:18 | making sure that you're an authority and |
00:14:16 | 00:14:19 | you're so confident in the services that |
00:14:18 | 00:14:22 | you offer that you know |
00:14:19 | 00:14:24 | that nobody else offers what you do and |
00:14:22 | 00:14:25 | lastly this is probably the biggest con |
00:14:24 | 00:14:27 | with agency work |
00:14:25 | 00:14:28 | is you're going to have to do calls |
00:14:27 | 00:14:30 | right oftentimes either you're going to |
00:14:28 | 00:14:31 | have to get sales people or you're going |
00:14:30 | 00:14:34 | to have to do these calls |
00:14:31 | 00:14:34 | yourself where you hire people to you |
00:14:34 | 00:14:36 | know |
00:14:34 | 00:14:37 | find clients for you right there now |
00:14:36 | 00:14:38 | either you're running your own ads and |
00:14:37 | 00:14:40 | doing all that |
00:14:38 | 00:14:41 | cold calling and all the cold calling |
00:14:40 | 00:14:42 | and you know direct outreach and all |
00:14:41 | 00:14:44 | those things |
00:14:42 | 00:14:45 | right or you have to go and find sales |
00:14:44 | 00:14:47 | people that can then be finding these |
00:14:45 | 00:14:48 | customers for you again more logistiks |
00:14:47 | 00:14:50 | that come |
00:14:48 | 00:14:52 | into this and but it all comes down to |
00:14:50 | 00:14:52 | making sure that you're putting in the |
00:14:52 | 00:14:54 | proper |
00:14:52 | 00:14:56 | time and effort into each and every |
00:14:54 | 00:14:58 | single one of your clients and the last |
00:14:56 | 00:14:59 | business model of making money online i |
00:14:58 | 00:15:02 | want to tok with you about |
00:14:59 | 00:15:03 | is digital products now there's a ton of |
00:15:02 | 00:15:05 | uh pros and cons |
00:15:03 | 00:15:07 | for digital products so let's start with |
00:15:05 | 00:15:09 | some of the pros right pros about |
00:15:07 | 00:15:12 | digital products is they are so |
00:15:09 | 00:15:13 | versatile right meaning that you can |
00:15:12 | 00:15:14 | sell them you can give them away as free |
00:15:13 | 00:15:16 | bonuses right |
00:15:14 | 00:15:18 | you can do a lot of things with these |
00:15:16 | 00:15:20 | digital products that you |
00:15:18 | 00:15:21 | normally really can't do with other |
00:15:20 | 00:15:23 | kinds of business models because you |
00:15:21 | 00:15:26 | might have some hard costs involved |
00:15:23 | 00:15:27 | right with digital products right you |
00:15:26 | 00:15:29 | create them once |
00:15:27 | 00:15:31 | or you pay somebody to create them for |
00:15:29 | 00:15:33 | you and whatever those costs associated |
00:15:31 | 00:15:35 | with it maybe it cost you a hundred |
00:15:33 | 00:15:37 | dollars to get a very |
00:15:35 | 00:15:38 | nice video course or you know a pdf |
00:15:37 | 00:15:40 | created for you |
00:15:38 | 00:15:42 | right that's your only cost every time |
00:15:40 | 00:15:45 | you sell it over and over again now |
00:15:42 | 00:15:47 | that is all profit right now this leads |
00:15:45 | 00:15:48 | to the big con because i see probably |
00:15:47 | 00:15:50 | some of you have some light bulbs going |
00:15:48 | 00:15:51 | off and oh well then why don't i just |
00:15:50 | 00:15:53 | sell digital products is |
00:15:51 | 00:15:54 | digital products are very difficult to |
00:15:53 | 00:15:57 | sell as a front-end |
00:15:54 | 00:15:59 | product right because there's so much |
00:15:57 | 00:16:00 | information readily available out there |
00:15:59 | 00:16:03 | that people are really only consuming |
00:16:00 | 00:16:04 | and purchasing information from people |
00:16:03 | 00:16:07 | that they already know |
00:16:04 | 00:16:08 | like and trust okay so where do where |
00:16:07 | 00:16:09 | should you use these digital products |
00:16:08 | 00:16:10 | well |
00:16:09 | 00:16:12 | the best part about these digital |
00:16:10 | 00:16:14 | products is that you can use them in |
00:16:12 | 00:16:15 | every single business model that we've |
00:16:14 | 00:16:17 | discussed so far |
00:16:15 | 00:16:18 | you can bundle in digital products sell |
00:16:17 | 00:16:19 | them give away for free in your |
00:16:18 | 00:16:21 | ecommerce drop shipping business |
00:16:19 | 00:16:24 | you can use digital products to give |
00:16:21 | 00:16:25 | away uh you know free bait opt-ins for |
00:16:24 | 00:16:27 | which you sell then your affiliate |
00:16:25 | 00:16:28 | program uh within that you're promoting |
00:16:27 | 00:16:30 | you can use it for your agency as a |
00:16:28 | 00:16:32 | bribe to get clients to opt in |
00:16:30 | 00:16:34 | learn about a case study and then |
00:16:32 | 00:16:34 | booking a call with you right this is |
00:16:34 | 00:16:36 | what makes |
00:16:34 | 00:16:38 | digital products so versatile because |
00:16:36 | 00:16:40 | once you create them once you can use |
00:16:38 | 00:16:40 | them on repeat over and over and over |
00:16:40 | 00:16:42 | again |
00:16:40 | 00:16:45 | right now one of the biggest pros about |
00:16:42 | 00:16:46 | digital products is you the value of the |
00:16:45 | 00:16:48 | what you have |
00:16:46 | 00:16:49 | is kind of like what you put the price |
00:16:48 | 00:16:50 | on right so |
00:16:49 | 00:16:52 | i always like to look at digital |
00:16:50 | 00:16:54 | products is how big of a pain point are |
00:16:52 | 00:16:55 | you solving for a customer |
00:16:54 | 00:16:57 | that's what the value is right so if |
00:16:55 | 00:16:58 | you're if you have some sort of pdf |
00:16:57 | 00:16:59 | cheat sheet that's showing that you know |
00:16:58 | 00:17:01 | some |
00:16:59 | 00:17:03 | tax loopholes or whatever it is right |
00:17:01 | 00:17:04 | that pdf that you put together might be |
00:17:03 | 00:17:06 | worth a thousand dollars because if they |
00:17:04 | 00:17:07 | implement those things immediately into |
00:17:06 | 00:17:08 | their business |
00:17:07 | 00:17:10 | they will save you know tens of |
00:17:08 | 00:17:12 | thousands of dollars in their business |
00:17:10 | 00:17:14 | now again digital products are an |
00:17:12 | 00:17:16 | amazing amazing asset for any single |
00:17:14 | 00:17:18 | business business model out there |
00:17:16 | 00:17:20 | again i want to encourage you guys to |
00:17:18 | 00:17:21 | make sure whatever business model that |
00:17:20 | 00:17:23 | you're actually doing |
00:17:21 | 00:17:24 | you always are sprinkling in some sort |
00:17:23 | 00:17:26 | of digital products whether you're |
00:17:24 | 00:17:27 | upselling digital products giving them |
00:17:26 | 00:17:28 | away for free |
00:17:27 | 00:17:30 | right the best thing about these digital |
00:17:28 | 00:17:32 | products is we can give value |
00:17:30 | 00:17:34 | to our customers before they even give |
00:17:32 | 00:17:36 | us a dollar but again don't try and go |
00:17:34 | 00:17:38 | out there and sell it as a front-end |
00:17:36 | 00:17:38 | offer there are some more logistiks that |
00:17:38 | 00:17:40 | go |
00:17:38 | 00:17:42 | into it which makes it a little bit more |
00:17:40 | 00:17:44 | difficult to sell like a video course |
00:17:42 | 00:17:46 | or pdf cheat sheets solely by itself all |
00:17:44 | 00:17:48 | alright guys i hope |
00:17:46 | 00:17:49 | you enjoyed today's video if you did you |
00:17:48 | 00:17:50 | know what to do smash that like button |
00:17:49 | 00:17:52 | if you haven't already hit that |
00:17:50 | 00:17:53 | subscribe button and don't forget to |
00:17:52 | 00:17:54 | drop a comment for your chance to win a |
00:17:53 | 00:17:56 | free hundred dollars |
00:17:54 | 00:17:58 | directly to your paypal account those of |
00:17:56 | 00:18:00 | you that want to learn more |
00:17:58 | 00:18:01 | and really get this ball rolling on your |
00:18:00 | 00:18:03 | online business |
00:18:01 | 00:18:04 | specifically with e-commerce and drop |
00:18:03 | 00:18:06 | shipping make sure you check out the |
00:18:04 | 00:18:07 | seven figure master class down below |
00:18:06 | 00:18:09 | it's the first link in the description |
00:18:07 | 00:18:11 | where i show you exactly how to find |
00:18:09 | 00:18:12 | winning products build out your sales |
00:18:11 | 00:18:14 | funnel which is just a more profitable |
00:18:12 | 00:18:16 | way of selling products online |
00:18:14 | 00:18:17 | and also how to drive traffic and at the |
00:18:16 | 00:18:18 | end of that training i actually give you |
00:18:17 | 00:18:20 | a completely built website |
00:18:18 | 00:18:21 | you can walk away with and start using |
00:18:20 | 00:18:23 | for your online business |
00:18:21 | 00:18:25 | again that will link will be the very |
00:18:23 | 00:18:26 | first one in the description of this |
00:18:25 | 00:18:27 | video guys as always have fantastik rest |
00:18:26 | 00:18:35 | of your day |
00:18:27 | 00:18:35 | and remember your empire starts now |
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