Do THIS to Make $10,000 as a Student

    This is how I started making $10,000/month back when I was a student

    Ladies and gentlemen. Absolutely everyone wants to know how to make $10,000 a month as a student. The only issue is there's a lot of BS out there. There's a lot of misinformation and there's a lot of people making it seem a lot easier than it actually is. So in today's video, I'm going to break down the three main components you need to focus on in order to make $10,000 a month as a student. Now, in this video, I'm going to give you the three main components. But after you finish watching this video, I'm going to leave a link in the description and that link will take you to my most popular video so far this year on YouTube. That video breaks down the 7 to 8 most popular online business models and will help you break down and figure out what will work the best for you this year. Now the first thing you need in order to hit $10,000 a month as a student is the right vehicle. And let me tell you what I mean. You see, the thing is, you need a means. You need an opportunity that is big enough, but not too risky. You can actually achieve $10,000 a month as a student. Now, I will say that $10,000 a month. And I'm really not trying to be insensitive here. I understand that I was a fringe case. I hit $10,000 a month when I was 17 years old.

    But I'm going to talk about that a little later on in this video and how I actually got to that place. I hit $10,000 a month when I was 17 years old. And by the end of that year before I turned 18, I was hitting 30 to $40,000 a month. So I'm speaking here from experience. You need a vehicle, a way that you can make that sort of money, but a way in which you're not going to risk losing all of the money that you do have. So the first thing that I will tell you is trading is out the window. I'm going to be very honest with you. There's a lot of traders out there that are trying to sell you BS, because when you sign up with their little affiliate link and you get your $10 free, blah, blah, blah, blah, when you lose money, that's actually where they make money. They don't make money on the little $10 or $20 sign up that they get when you join. They make money when you lose. They're literally incentivized for you to lose and listen. That's just the honest truth of it. Even if you have $1,000 for you to take $1,000 and turn that into 10 or $20,000 in a single year is actually very difficult. The amount of successful trades, the average of all those successful trades is very, very difficult. Whereas for you to take $1,000 and invest that into starting a very lean online business, I mean, by the end of the year, you're talking tens of thousands of dollars.

    I don't think realistically you're going to hit hundreds of thousands of dollars in your first year. It happens sometimes, but it's very unrealistic. But definitely by the end of the year, you should be making more than your average salary. If you were just working a traditional 9 to 5. And the best part is you should be able to do a remotely. So in order to make money, you need something that spits out free cash flow. And what I mean by that is profit that you can actually use. Because here's the other thing I'm going to tell you. People always look at net worth. They go, Oh, he has $100 million net worth, but his entire net worth is in his company and he can't take out money out of his company because he may have investors or this or that, or you have certain people, for example, a lot of people in the property game where they have a lot of money, their portfolio is worth a lot, but they're not very cash rich. They don't actually have a lot of cash laying around. They're wealthy, but their money is tied up in places and that's not the place that you want to be at when you're first starting a business. So a lot of businesses like, for example, building a proper eCommerce brand.

    And by the way, when I say proper ecommerce brand, once again I'm speaking from experience. I've had an eyewear company for a few years and the thing is the packaging, everything is beautiful. We've got this beautiful black velvet finish on the inside, so this business is okay. It's my smallest business. It makes around 1.2 to $1.5 million a year. And that sounds great until you realize that we have 50% margins. So I'm only keeping 50% of that money. And it's even worse when you realize that any of my profit that I make, I can't keep I have to roll that into new stock because especially a product like this is actually very difficult to make. So for me to put in an order now of another 5000 to 10,000 units, I may only get that in three, 4 or 5 months, depending on the time of the year. So even though someone would look at it and go, that's a $1.5 million a year business at 50% margins, you never actually get to keep that profit because you always have to reinvest into the business. And that is very different to, for example, a service based business. So if you're offering a service to clients, whether that be building their marketing funnels, whether that be doing their short form content, you know, little short form tiktoks and reels and doing lots of those and creating many accounts for them and distributing it all over the Internet all the way to doing, for example, their Google ads and focusing specifically on Google ads for e-commerce brands as an example.

    Listen, whatever the service is, it needs to have one of two things high perceived value to the client. And what I mean by that is it needs to be something that they're like, Oh wow, this is actually worth it. I'm more than happy as a business to pay this external consultant or service provider $1,000 a month, $3,000 a month, you name it, or it needs to have high leverage. And what I mean by that is, listen, you can still be an online personal trainer, but if you want to make $10,000 a month, you need to hire people below you who work as coaches. And that way you're an online personal trainer and you do some of the coaching, but then you may have coaches underneath you, you know, personal trainers, they work with local gyms and you just pay them a small fee and they do the rest of the coaching. So that's leverage. Or let's say you have an agency that creates YouTube thumbnails for people. Thumbnails on YouTube are such an important aspect to video, but people don't pay. Crazy amounts for thumbnails. But if you can hire someone in Brazil, Romania, India for $1,000 a month, which is a great salary there, especially remotely, and their work is able to produce three, four, $5,000 a month in terms of business for your thumbnail agency or for your thumbnail performance marketing business, whatever you want to call yourself.

    The point is, is that that is leverage. That's you being able to take something off your plate. So either you need to offer a service or guidance consulting on something that brings so much value to businesses that you can actually make ten K a month just as a solopreneur or more realistically, you'll be able to do it solo until three, four, $5,000 a month. And then you need to start using leverage and you need to maybe make a little less on the margin, but make far more money at the end of the month because you have people who can deliver these things for you. So just remember, with the business models that I'm talking about, you're not going to make $100 million. I'm going to be very honest with you. But the other thing that you're not going to do is you're not going to go broke. And that's the unfortunate thing with a lot of these other businesses. For example, I'll give you my main business, my software company. That is a business that gets into the multiple nine figures and that's all cool and fine and well. But you need to realize there's a big chunk of money needed that I had to put forward to start the company and that's number one.

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