what's going on guys welcome back to
another video in today's video I want to
talk about what is the best business to
start online in 2019 I get asked this
question all the time and I get it
you're watching videos on YouTube you're
trying to figure out how to make money
online and there's all the stuff going
on do this method do that method this
what makes you more money this one
doesn't make you more money and it can
get confusing and what happens is you go
and follow all of these different
methods and you try this method try that
method and then in the end you don't
actually end up doing anything and
making any money because you get
sidetracked by the next best thing and a
great example of that is a friend of
mine right now he's trying to start his
own business online and it hit me up
yesterday I said I'm gonna go and try
and focus on Bitcoin because the price
is rising right now I said do not do
that focus on your own business so
that's we're going to talk about today
you start so you can make consistent
money online and actually get this
online thing to work because I do
understand and it can be frustrating and
it can be hard to get the ball rolling
and get there snowball effect and start
to make money online I'm gonna jump
straight into this but before we
actually talk about the methods it's a
few things we need to focus on first
that you need to do before you even
think about what method you're gonna do
online so there's a few pointers here
first of all we need to think about cash
flow you want to start something online
that's going to produce cash flow for
you I know that's an obvious thing you
want money coming in you obviously want
to make money but the problem is a lot
of people don't really understand cash
flow and they just go and waste all of
this money on the wrong method that
don't bring in good consistent cash flow
now cash flow doesn't mean cash that you
can use to buy guide and buy nice things
and stuff like that obviously you want
to pay yourself gonna buy some nice
things but you also want cash flow so
you can reinvest back into your business
okay you want to keep reinvesting back
in whether it's a being to paid ads or
just expanding your business you need
cash flow to do that and the second
thing that I look for guys is is it
passive well this business end up being
passive you know will I end up just
making money and in the long run without
actually putting in a lot of work let
another thing I look at when I decide to
start something online and the next
thing guys is a low capital you know
what'll be putting it all
money at the start because I know that a
lot of people don't have a lot of money
to start a business for a start but
second of all you know you don't want to
go and put in all this money and then it
doesn't work you decide that this isn't
for you the number three thing is you
want to have something that doesn't
require a lot of capital upfront I'm
talking like thousands of dollars right
you don't want to be spending twenty
thirty thousand dollars on a business
you know if you can't afford to actually
do that now what I want to do guys is go
through some actual methods and some of
them I am heavily involved and one of
them I don't really know much about
we're going to talk about it anyway and
I'll explain to what they are and kind
of like the pros and cons so business
myth that number one I know a lot of you
guys have heard about this it's kind of
blowing up it's been blowing up for
quite a few years now and then as
dropshipping now the thing about you
know drop should be enough don't know
what dropshipping is drop should because
we need go and you advertise a product
on Facebook Pinterest Google and someone
purchases the product from you and then
you contact your supplier overseas and
they send the product that person so you
don't touch it now the good thing about
drop shipping guys is obviously that
reason you don't need to pay for any
product up front so that's a really good
thing about drop shipping however you do
need quite a bit of capital upfront
because you need money for ads and it
does take a while to get the ball
rolling and for you to test products
that I recommend you need at least two
thousand dollars a thousand to two
thousand but if you have two thousand or
more to jump in to something like this
then you are off to a good start but
just removing that drop shipping does
require capital to start and I think
that's where a lot of people kind of get
lost with shipping because they think
that you know like everyone says how you
don't need any money which you don't for
the products but you do need money for
the traffic now another thing about drop
shipping guys that I don't necessarily
like but you know that's just part of
the game is drop shipping isn't really
passive you're not you know you have to
go out and run ads and stuff to get
traffic and you have to keep doing it
consistently now later on it might get a
bit more passive when you have an email
list and a customer base but that's not
going to last forever
either so you constantly need to keep
running edge to regenerate those
customer sources so you can keep making
money so drop shipping isn't really
passive now it could become passive if
you run a team but the likelihood of
that happening is pretty slim because
it's you know it's very hard to run a
team 100% without being involved in any
type of business now the next one we're
gonna be talking about guys is Emma's on
FBA and I'm pretty much not really going
to say much about this because I don't
really know anything about Amazon FBA
I've never been involved with Amazon FBA
but as far as I know correct me if I'm
wrong you buy a bunch of products you
send them to a fulfillment center and
Emma's on sales it all for you and sends
it out the problem with that once again
you need a lot of capital and what I've
been hearing from friends of mine that
do this as they're gone buy a lot of
products they go and send it to the
amazon fulfillment centers they go and
put it on Amazon and they products don't
rank because you've got it's a ranking
system an algorithm and they've got a
little product sitting there so they're
already in the hole they're already in
debt well because they can't sell these
products so Amazon FBA I'm going to push
it aside because that's not a very good
business model for beginners in my
opinion but there are people making
really good money online with amazon FBA
now the next one we're going to talk
about guys is affiliate marketing if you
don't want to flip marketing is guides
it's when you take somebody else's
product and you promote that for a
commission now we're not going to touch
on this briefly cuz you probably already
know affiliate marketing is but most
companies do a flip marketing treble
companies they all do affiliate
marketing it's a great way to go out
there and promote someone else's product
now don't get a flip marketing confused
with that pyramid scheme I always get
people telling me affiliate marketing as
a pyramid scheme a pyramid scheme is
when there is someone at the top and
there is levels so this and the person
keeps making money from everybody down
the level affiliate marketing there's
only one level there's you you're
promoting a product and then you get a
commission the other person doesn't get
a commission so a pyramid scheme guys is
completely different to general
affiliate marketing the good thing about
affiliate marketing guys is there's a
low capital you can start a YouTube
channel and you can put a flip marketing
links in the description is completely
free you can start a blog for a few
dollars per month and you can get free
organic Google traffic so the good thing
about affiliate marketing is a really
low barrier to entry and the really is
really low capital now if you don't get
into advertising with affiliate
marketing you can that comes back to
putting in quite a bit of money into
advertising costs so that becomes power
with dropshipping on that level but
essentially there is really low capital
nests and you can start drop shipping
for next to nothing even free
a lot of cases and what I love most
about the affiliate marketing is it
becomes really passive almost completely
passive so for example if you start a
blog and let's say you put a lot of work
in the first six months and then you
don't put some you don't have to put so
much work and after that six months or a
year or whatever
it becomes passive because all that
content you created is still on the
internet if you have a YouTube channel
your content is still there if you start
a blog your content is still there so
that you know a lot of people say to me
Franklin why don't you focus on you know
advertising which I do and a lot of my
businesses when it comes to the Flynt
marketing I don't really focus on
advertising because I don't need to
focus on the organic traffic and
creating so much organic traffic then it
becomes fully passive and I don't have
to work on it as much anymore another
great thing about affiliate marketing
guys there's nothing really ever changes
so affiliate marketing has been around
since the 90s and 2000's and stuff and
nothing really changes the concept is
simple you take someone else's product
you promote it for a commission it's so
different to a lot of other things when
you have drop shipping things change
you can lose suppliers your store can
have even problems in your store you
know drop shipping changes advertising
cost gets more gets more expensive some
products not training anymore than they
were like a few weeks ago drop shipping
changes all the time and Amazon FBA you
there are a lot of problems problems
with that as well as I've been told but
with affiliate marketing it really never
changes it hardly ever changes the
constant stays the same so when you buy
an affiliate marketing course it's not
going to get outdated or wouldn't you
know the myth that just doesn't really
get outdated it all works the same it
doesn't change now we're gonna go back
to what is the best method out of these
but I do have one more method I want to
talk about in that method as day trading
so day trading is when you go and you
trade on the stock market penny stocks
and stuff like that every single day a
new short sell you bit against the
company going down you can also bet that
the company is going to go out when you
make a profit if they go up the other
thing about day trading guys it's not
really a legitimate business I kind of
tell people to do it as a side hustle
because what day trading right you have
to put in a lot of research you have to
research the companies you are working
with working on trying to you know get
into the stocks with them so before you
buy stocks before you decide if you're
going to short sell them or not
you know a bit bit with them you need to
research that company you know I
actually invested some stocks a few days
ago I did two weeks worth of research on
this company right you need to do a lot
of research with day training and
essentially day training is just
gambling if you don't know what you're
doing you're just putting money in and
hoping you're going to get a return and
it doesn't always happen so day trading
in my opinion is not safe for a
full-time living unless you're an expert
I'm not saying that day trading is bad
plenty of people have become
millionaires from it and they make a lot
of money however if you're a beginner I
would recommend you stay away from day
trading and go into something that's you
know a lot less volatile and doesn't
require a lot of capital and becomes
passive so what is the best business to
start online guys well that would be
affiliate marketing because it's low
capital right it becomes passive nothing
really interchanges and it's not
volatile like it's not like they start
day trading where things go up and down
and go to doors with kind of research
now what I will say well the affiliate
marketing goes right so that is the
number one method I recommend for
beginners but what I will say is there
is quite a bit of work to put up front
so it really depends on what traffic
methods you go down but there's a lot of
free traffic methods YouTube blogging
you can go on forums and stuff like that
which is how I started and go and learn
about affiliate marketing but once
you've put in all the hard work and
you've got all the traffic coming in it
essentially becomes really passive and
one thing I love about affiliate
marketing is you can promote products
that have a monthly recurring Commission
so it builds up and up and up when
you're doing dropshipping when you stop
traffic and you stop doing drop shipping
your money stops unless you have a
subscription service when you're doing
day trading the money stops when you
stop Amazon FBA or your products run out
the income stops with the fellate
marketing guys if I've got a blog that I
haven't touched in two to three years it
still makes me a ran about two thousand
dollars per week it's not one of my main
blogs but it still makes me run about
two thousand dollars per week from doing
absolutely nothing because I built that
up and I became completely pestered and
that's why affiliate marketing has come
such a long way and doesn't really
change because the concept is always the
same and nothing changes so you can
start a blog and then in five or six
years
I still make money and say with a
youtube channel and well you can also do
guys as you can interact listed building
with affiliate marketing so you can also
build enough an email list and then you
can go and promote stuff to these to
this email list every day or every week
we new affiliate marketing products come
out or new products come out here an
affiliate marketer for them you can make
money with that too then once your list
is built guys you can start a course on
affiliate marketing where you can start
a course or something else if you have
any skills in that you can promote that
to a list and you can make money as well
with courses via the list that you've
built up with affiliate marketing so my
opinion guides and from all my years of
experience working online my number one
go-to if I was a complete beginner to
making money online would be go with
affiliate marketing now if you want to
know how to make money with affiliate
marketing some more advanced training
I'll leave some videos up on the screen
that are completely free for you to
watch you can go and click them and I'll
leave a playlist because obviously I
can't fit it all in this one video you
can go through that playlist
step-by-step and I teach you how to
start your own affiliate marketing
business so I'm going to tap that
subscribe button guys give this video a
like and I'll see you in the next video
#Best Education Page #Online Earning
online earning,make money online, earn money online, online earning, online earning sites,
make money online free, online money income, earn money online free, money online, best way to earn money online, online income site, money earning websites, best online earning sites, easiest way to earn money online, earn money payment bkash, online money income site
Posts
No comments:
Post a Comment