Top 4 Ways to Make Your First $10,000 Online

In today's video, I'm going to cover how to make ten thousand dollars profit a month with an online business. I'm not going to try to sell you a course; the reason why I'm doing this is that all of the online videos out there on YouTube about how to make money are dated. The best thing is that a lot of the examples that I'll give you today can take you to that first million dollars.

To make sure that you make the right decision on what business to start, I'm going to use a ranking system. The first criterion is how cheap it is to get started; how much capital do you need? The second is how much technical knowledge you need; how easy is it to get started?

The third is how quickly you can expect to take ten thousand dollars out of the business—not just in sales, but ten thousand dollars profit per month in your personal spending account. Finally, the fourth criterion is how likely it is that this business can scale up to being a million dollars take-home cash for you. I must say the last one on the list, I do think can make the most money, but it might be the slowest way.

So this brings us to our first business. You see, entrepreneurship is like surfing: you don’t get to create the waves, but you do need to paddle out, learn the skill, and then you can catch the wave when it comes. Technology goes through platform shifts.

First, we had the desktop; then we had mobile. Now we have something called AI, which is artificial intelligence. I'm sure you've been seeing lots of it.

With any new platform shift, the media goes absolutely crazy. All of these newspapers that are talking about job loss and stuff like that are creating fear in founders and business owners that you can capitalize on. This is why one of the best businesses you could start right now to make ten thousand dollars is an AI automation agency, or AAA.

You see, automation agencies have been around forever; however, now with AI, they have just been supercharged. The amount that you can do is way more. For example, I have one of the biggest outdoor retailers selling water sports equipment; we do about 20 million dollars a year and get thousands of physical visitors on our website.

If you launch an AI agency, what you could do is come to a business like mine and say, "I will set up a chatbot that utilizes ChatGPT, which is so smart it can really interpret people's intent and then incorporate our database. " This includes things like our FAQs and all of our customer service, to give the best personalized experience on the website. Chatbots are one of those things that people feel really challenged about; they think it's technically challenging to incorporate AI.

But there are simple tools out there like Botpress and Stack AI, as well as a ton of Shopify apps even being launched at the moment that you could tailor for your customers' needs. Founders don’t know this, nor do they have the time to do it. This is where you just need to learn those skills over a weekend and then start selling yourself.

Another great application your agency could do is cold outreach optimization using Google Sheets, Zapier, and ChatGPT. One of the best examples I've seen of this is where someone is scraping Shopify stores. It's very easy to get a list of Shopify stores; you can just Google "list of Shopify stores," and they will pop up.

Then, you set up an automation that asks ChatGPT, "What is an optimal app that I can pitch to this Shopify store? " For example, if it's a bath bomb store, ChatGPT will write a tailored response saying, "This would be the perfect app that I would love to develop for you, where customers can tailor-make their bath bombs and pick all of their colors. It'll only cost this and will take about this long.

" The response rate would be massive for that compared to all of the other cold outreach that I'm sure people have seen that makes no sense. So, how do you get your first client for this? The best resource for this is LinkedIn, where you can go to all the outdoor stores and just reach out to them and say, "Hey, I can create an amazing chatbot that will increase your return on ad spend and improve customer satisfaction.

" The other approach you have is just to Google businesses. If you don't want to use LinkedIn, you could search for dentists, find all the dentists in the area, and create a custom AI solution that helps their business function. So, where does this business rate with our four criteria?

The first, in terms of how cheap it is to launch, is probably going to be a 9 out of 10, simply because you are doing everything yourself. You're going to go onto YouTube and study how to set up these automations. The reason why it's not a 10 is that you might need to pay for some support—maybe you need a developer every now and then—but I highly doubt it.

You want to start off small with simple no-code solutions. In terms of technical knowledge needed to get started, it's probably a 6 out of 10. It's probably the most complicated example that we have today.

In terms of how quickly I think you could be making ten thousand dollars a month, it is definitely a 10 out of 10. This is the perfect timing for this type of agency, and it will be very easy for you to get clients. Finally, how easy is it going to be to make a million dollars?

It's probably. . .

a six out of ten, simply because anything agency side is hard to scale up. You just need to hire lots more people when you get capacity. So, this brings us to our next business idea, which, if you're not technical, is the perfect one for you.

Unless you've been living under a rock, you have seen that Threads has now launched, which is basically a Twitter clone. It means brands will be flocking to the platform because they can transfer all of their Instagram followers into a text-based app. Brands are going to be wondering, "How do we even use a text-based app?

" because lots of them weren't on Twitter. They'll be looking for ways to use the platform to either educate or entertain, to grow their following, and also sell their services to their following. I was just talking to a ghostwriter who has a very simple process.

He has a call with the founder of the brand and asks them a bunch of questions. He records the entire thing, transcribes it, sends it to the Philippines, or even uses AI like ChatGPT to create all of these Twitter or Threads posts for the founder. He was then charging his clients five thousand dollars per month for this service and was creating hundreds of tweets, which was creating a lot of value.

So, how are you going to do this? First, you're going to identify a certain niche that you want to write about. The best niches on these text-based platforms are ones that are selling to other businesses; this is what we call business to business.

One of the best examples of this is agencies—people selling services such as Facebook media buying, content creation, or even influencer marketing. A common technique that they use is to create a free resource; it might be "50 Content Hooks" or "My Top Facebook Ad Account Structure," and then they'll create a post on Twitter or Threads saying, "All you need to do is comment on this post, and I will send it to you. " As soon as that happens, you've got that email, you've got their intent, and you can sell them services such as your agency.

So, where does this go in terms of cheapness? It's a 10 out of 10. You need absolutely nothing to get started.

In terms of technical knowledge, ease of starting, it's probably a 10 as well. All you need to do is write, and you've been writing since school. To start making your first ten thousand dollars a month, it's probably a seven out of ten, and to scale it up to a million dollars, probably a three out of ten.

It's going to be very tough to make that into a million-dollar business. So, this brings us to our third business idea. Now, you can't watch one of my videos without me mentioning e-commerce.

I've made over 80 million dollars profit using e-commerce, but this idea is a little bit different because our main goal is to make ten thousand dollars cash in your own personal bank account. Let me give you an example of this. Criteria for just your classic e-commerce business involves buying product from China, branding it, even porting it to a 3PL, and selling online to customers using something like Facebook ads or other paid ads.

If I had to rate the capital intensiveness of that, it's probably a two out of ten. It’s going to cost a lot of money to get the branding done and to order the stock. Look, I love e-commerce; I've made over 500 million dollars in sales through e-commerce, and I made all my money from it, but it is capital intensive to begin with.

As for technical knowledge, I do think e-commerce is simple, but there are just lots and lots of elements to master. You need to master fulfillment, importing, product design, and marketing, so even that's a six out of ten in terms of rating. Now, this is where things get really difficult—making your first ten thousand dollars take-home cash.

You're not going to be able to do that for a very long time because you have to put all your money into inventory to keep up with orders if you're growing. To make a million dollars, I know businesses that are doing ten million dollars in revenue per year, and they're still not taking a million dollars out in cash, so those ratings would also be really low—maybe a three and a two out of ten. The main way we're going to achieve this is not by ordering inventory.

Yes, that's right, I can't believe that I'm suggesting drop shipping for this. Since you're just getting started, you might not have capital. For those who don't know, drop shipping is where you're not actually buying the inventory and shipping it to a country; you're just shipping it straight from China to the customer.

So, you're basically only ordering your stock as you need it, and the second requirement is we're not going to use paid ads. That's why no Facebook ads for this business model. So, the first step is exactly the same as it always is: you’re going to set up a Shopify free trial, get one or two samples, use a ten dollar Amazon light box to take some photography of your product, and then you're ready to start selling.

Now, this is where things get crazy. There are a bunch of businesses out there that you may have seen on TikTok, like the monkey smash toy or the sex tabs chocolate. There's even an amazing seller selling samurai swords using this organic strategy.

The first step is finding a group of creators, and I'm not just going to suggest influencer marketing. Don't just send them a product; get them to do a post. That is the old way of doing things.

You're going to. . .

Build a relationship with these creators. Maybe you've got three or four. They need to be experts in making things viral, then they're going to create a bunch of accounts.

They're not going to worry about posting lots and lots of times and ruining their own followers on their own accounts or looking stupid because they're using what we call vertical niche pages. So, if we're selling bath bombs, it might be bath bomb explosions or something like that. Then they'll just post three to four times a day on that account with different viral formats, and they all share knowledge.

So, all three of the creators are talking about what works. You can pay them in different ways; you can pay them based on affiliate commission, or you might just pay them monthly for a certain amount of creatives. This is how you absolutely explode on the platform, getting hundreds of millions of views cheap.

It's probably only a six out of ten because there are a few expenses there. Technical, I'd probably say a seven out of ten. Making your first ten thousand dollars a month is probably also a seven or an eight out of ten, and for making your first million, I actually do think that this is a good way to do it.

It's probably a six out of ten because let's face it, making a million dollars is not easy. The next business idea I do think can make you millions, and I do think that it's becoming more and more common, especially with AI. Have you ever seen one of those videos on YouTube where it's like the top five Amazon finds, and it just goes through and shows you a bunch of random footage with this weird narration like an old infomercial?

This is what we call a cash cow faceless channel. A creator behind that has just compiled all of that footage, gone to Upwork or Fiverr, paid someone for a voiceover, edited it all together, and put it on YouTube. They can upload five videos a week in this format, and then some of them rank really well in the algorithm, allowing them to produce revenue from the ads that YouTube provides.

I recently talked to someone that's making over one million dollars profit a year passively—he's not even involved—every single 12 months using this formula. So, where does the secret lie? It's all about picking the perfect niche.

When you're getting started, there's always riches in niches. This means that you don't want to compete with everyone else; you want to use something like the free trial of Exploding Topics or Google Trends to find something really niche and really current so that you can create some videos for that. You can use a bunch of stock footage, use something like ChatGPT to help you with the script outline, use your iPhone to record the video, and start pumping out these videos on YouTube until you can start monetizing.

My main tip with measures is that you don't want to advertise to people like 12-year-olds that have no money. You want to focus on things like golf, where they have lots of money. But you need to find niches within golf that you can create content for that ranks.

In terms of cheapness to get started, this is a 10 out of 10. All you need to do is get a free video editing software. In terms of technical skills, it’s probably a 7 out of 10; you're going to need to learn how to edit videos.

How easy it is to make ten thousand dollars a month? Probably a seven out of ten. And a million dollars?

I think this is possible at scale with AI; it's probably a six out of ten. So, those are the four top businesses to start making ten thousand dollars a month. If you have any questions, leave a comment.

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