How I Built 7 Income Sources That Make $400,000 Per Month

it took me 10 years to learn this but I'll teach it to you in under 30 minutes to become rich you need multiple income streams I have seven which generate me over $100,000 per week so today I thought I'd walk you through each income stream explain how I got started and rate them on a scale of 1 to five this video is going to create future millionaires because after watching it you'll have all the information you need to build multiple income streams and escape the traditional 9-to-5 life first is my retail stores where I sell remote control planes helicopters cars and more many young people believe the only way to start their own store is by launching an online one now I can see why people might think this because there are lower startup costs a global customer base and you have the flexibility to run the business from anywhere you like but just because online stores are easier to start it doesn't mean that physical stores are outdated or unachievable I mean just look at the amount of physical locations of siden are opening up from Fried Chicken shops to clothing stores but Mark starting a retail store requires a lot of money you're basically saying to become rich you already have to be rich disliked and unsubscribed I understand it might seem that way but when I started my store I had hardly any money I'd recently resigned from my job and dropped out of school with no qualifications to fall back on so I simply had to make it work I'm not going to sit here and tell you it was easy for me because it really wasn't I remember on the opening day of my first model shop I put a sleeping bag in the back of the van Because unless I made enough money on the day I couldn't even afford to fill my car with fuel to get home so how did I manage to start a shop with barely no money to my name well I got Fund in which is something you can do too I know it sounds a bit complicated but I took three simple Steps step one is to write a business plan I identified the perfect location for a shop how I was going to attract customers how much money I needed how I was going to allocate that money and finally how much money I thought I could make back in the day this was about as far as I could go without professional help but now you can go one step further and find a free business plan template online to make your plan look as professional as possible step two is to do some customer research you have to find a cheap way to test out if your business will actually work so many people come up with a business plan and get so carried away with it that they don't actually ever consider going out and asking their potential customers what they think this step is all about going out into the real world and Gathering actual data trust me doing this will save you so much money and potential headaches you may even find you need to adapt your plan I did this without even knowing it as I worked in someone else's model shop on the weekend this allowed me to talk to customers and find issues within the business that I could fix in mine you can also walk around with a clipboard asking people's opinions like they probably force you to do on school trips but if you can get a part-time job in a similar business bus then it can prove to be the best customer research opportunity ever step three is to get funding I got my initial money in the form of a bank loan it was very hard to secure but I eventually got it by knocking on enough bank manager doors until someone believed in me nowadays there are so many alternative funding options available such as crowdfunding if you have a solid business idea you can use platforms like Kickstarter to raise money by pitching your concept directly to potential customers right time to rank this in stream out of five stars in my three core categories firstly how much time does managing a retail store take I'm going to give this a two out of five stars because I'm not going to lie it takes a lot of your time at the start however with that being said as time goes by you can afford to take a step back especially when you start scaling it by hiring staff and implementing systems that can run while you're not there now I probably spend less than a couple of hours a week actually in this store secondly how much money do you need I'm going to rate this four out of five stars because although the initial stage of ah how do I get the money is tricky to overcome you don't have to do it all alone and there are so many investors loans and crowdfunding effords that can get you there especially if they see the potential in your business thirdly how easy is it to make $100 per week you know what for this one I'm going to say five out of five stars if you're really passionate about what you're selling and you know the ins and outs of the niche then you'll sell to be a top seller you have to make the customer buy into not just the products but into you second is my own brand and product range which I manufactur in China and distribute all over the world when I was younger the idea of seeing my own products on the shelves of other shops seem just like a dream I would sit in school staring at my drawings of model airplane designs thinking how can I make this happen I always thought you had to have millions of dollars Niche connections or a huge team behind you to make it a reality I was wrong little did I know years later I'll be sacked clutching onto my designs I drew as a kid on a plane heading to China so how did I go from a kid with a dream on a piece of paper to a successful brand owner well I took three key steps that you can replicate to get started with your own brand Step One is picking a niche back in my day model airlanes were all the rage if people weren't watching the latest competitions or going crazy for new designs they were busy collecting kits and accessories to customize their own it had what's known now as a cult following you need to identify a popular Niche with lasting a pill not just a fleeting fad I'd personally start by following Instagram pages and joining in on the conversations you need to know what the people in this Niche are passionate about also try to understand their challenges to use to your advantage step two keep an eye on Trends take a brand like represent for example I mean it just got so popular out of nowhere and ended up on everyone's Christmas list they recognize the growing trend for oversized clo clothing within the fashion industry and quickly capitalized on it with their oversized hoodies and tracksuit sets this is where they really made a name for themselves it's interesting because if you look at them now they're moving more towards Fitness Gear with their 24/7 range because they're following new and Rising Trends here in the UK Fitness has become so popular with 74% of people owning Fitness Products I mean even the nightclubs are shutting because young people aren't drinking as much it's clear that representative spotted this trend and created a new clothing range to meet the demand you should aim to do the same in your chosen Niche step three is creating a culture if you can build a real Community around your products that is the secret Source it's not just about selling stuff anymore people feel like they want to be part of something bigger this way your brand sticks around because customers are all in not just for what you're selling but for the whole vibe my son Curtis recently participated in the super 10K Spartan Race which was filled with obstacles like monkey bars rope clins and even swimming through icy water it's become more than just a race it's now become a movement where people go to test their limits and meet like-minded individuals they've built a genuine Community with around 1. 5 million people participating last year there's even being a wedding ceremony on the start line with a whole wedding party completing the course so maybe have a think about how you can do this too in your own Niche now on to the rankings firstly how much time does creating your own brand take I'd say a 2hour five for this one because you're going to have to put in the work you'll have to Post online consistently to build the audience keep up to date with research and also keep up to date with Trends so you can ride with them instead of drowning in them secondly how much money do you need I'd give this one a three out of five because you do need some initial Capital but once SES start rolling in growth can happen quickly and you can then reinvest that money to fuel further expansion thirdly how easy is it to make $100 per week I'd rate this four out of five stars if you've completed steps one and two and five out of five if you've achieved all three once you've built hype and people are talking about your brand on social media there's no reason you can't easily make $100 per week third is my eBay store where I buy stock from failing shops and sell it online not to toot my own horn but I made quite a name for myself in the model industry and people started asking me to help them with their failing businesses with all my experience and knowledge I thought to myself why not before I knew it it became a side hustle I remember the first time I visited a struggling store and offered them a lump sum in exchange for their stock I then listed the items on eBay in my spare time and I was completely shocked by the results I managed to Triple my money so I just kept going and bought lots more failing businesses before long I ended up with this Warehouse full of gear behind me now my team just list these items on Ebay for me it's become a huge part of my business and I never imagined my little side hustle could TR transform into something as big as this I know what you're thinking but Mark I don't have enough money to just buy failing businesses how can I do this too well here's my best advice for getting started with eBay step one is to identify businesses run by older people the world has changed a lot and the traditional methods aren't as effective anymore that's just how the world is it just keeps on changing and you've got to change with it if you want to stay on top unfortunately some older business owners are just left in the dust this is where you come in step two is to approach these older owners and ask if you can try and offload the stock they can't sell then list and sell it on eBay in exchange for a commission this way they get rid of their dead stock and you can earn some extra cash it's a win-win over time you'll be able to build up profits and this is where the game changes step three is to use your profits to start buying directly from your own supplier this is a huge turning point because you'll be in control of the products you offer the pricing and the customer experience this gives you far more flexibility for profits and enables you to build up a strong reputation as a seller this is crucial for scaling this side hustle into a real business okay once again it's time to rank it in my categories firstly how much time does running an eBay shop take well I'd say this is a three out of five if not a four because you don't need to come up with any of the products or designs You're simply selling someone else's stock if you got things running smoothly then there's no reason why you can't be selling in your sleep secondly how much money do you need I'm going to rate this a five out of five because you can actually get started with $0 especially if you're selling stuff for a commission like I recommended it's really accessible and a great way to get stuck into business and learn on the go thirdly how easy is it to make a $100 per week I'm going to rate this a five out of five because all you have to do is sell 50 items with a $2 profit on each and boom you've made an extra $100 that week fourth is a stock market where I invest my money and let it grow over time I'm no financial advisor but in my humble opinion this is something everyone should be doing because without investing your money is losing value due to inflation over the last 60 years this averages out to be a loss of 3. 8% per year so if your money isn't growing by more than this on its own then you're getting poorer by the second in a perfect world you'd have a savings account that provides an average return of 8 to 10% every year so that you can both beat inflation and earn some profit unfortunately such savings accounts don't exist however you can achieve returns like this by investing in the stock market a stock is a small part of a company and when you buy it you become a shareholder when you're a shareholder there are two ways you can make money the first way is if the price of the stock goes up during the time you own it then you can sell it for more than you paid the second way is receiving dividends Dividends are regular pay payments to shareholders now not all stocks pay dividends but if they do this means you can receive money without ever selling your stock you can start investing from your phone my son has actually been investing 55 a day for over a year now on the trading 212 App instead of buying a morning Starbucks coffee it's a bit of an experiment and as you can see that small investment is now worth 1,783 which is a profit of £276 or $359 for all my American subscribers that's a return of over1 18% of course past results and no guarantee of future returns but that's not bad for a little experiment to set something like this up all you have to do is Select pies and then click the plus button now you can select whatever stocks you want to include in your pie for this demonstration let's just pick the same investment as my son this S&P 500 Index Fund now let's tap add to Pi and then the arrow button right tap next and then Auto invest this value projection is really awesome is it shows you how much money you could make based on historical averages of course when you invest you can get back less than you invested as Investments can rise and fall but it's still a great way to get an idea of how much you could make based on datab backed projections I mean say we invested £250 per month for 31 years this say says that You' have only invested £4,250 and your portfolio could be worth £ 2.

19 million and if we expand this to 40 years that could give you a portfolio worth of 8. 63 million that's over $10 million now let's rank this income stream out of five stars in my three core categories firstly how much time does investing take odd rate this five stars out of five as all you have to is download an investing app such as trading 212 deposit some money and start investing since I was planning to talk about trading 212 anyway I reached out to them to see if they'd be interested in sponsoring this portion of the video they agreed and are offering a free stock worth up to £100 to anyone that uses the code Tilbury when they sign up and fund their account with as little as1 or Euro plus you can get more free shares by inviting your friends both of you will get a free share as long as they fund their account also don't worry if you've opened an account in the last 10 days you can still use the promo code Tilbury in the app and receive your free share secondly how much money do you need I'd wrate this a five stars out of five again as I've shown with my son's experiment you can start with as little as a price of a Starbucks coffee a day or even less because of the way compound interest works it's much better to get started sooner rather than later so the time is on your side even if you can only put aside a little bit every month thirdly how easy is it to to make $100 per week this will have to be a 2.