How to Actually Make Money Online in 2025 - Case Study
Short Summary:
This video is a case study on how to make money online, focusing on the journey of Aman, a former broke college student who now earns over $20,000 per month. The key points revolve around taking consistent action, overcoming resistance and the fear of failure, and leveraging available resources like online courses and coaching programs. Specific examples include creating Skillshare courses, building a YouTube channel, and investing in business coaching. The implications highlight the potential for financial freedom and location independence through online entrepreneurship, emphasizing that consistent effort, even with initial failures, can lead to significant success. The detailed process involves identifying teachable skills, creating online content, and persistently refining strategies based on feedback and learning from others.
Detailed Summary:
The video begins with Ali, a doctor-turned-entrepreneur, introducing Aman, who quit his software engineering job after building a successful online business. Ali emphasizes the importance of taking action, contrasting the 99% who watch such videos without acting with the 1% who succeed through consistent effort. Aman's story is then presented.
Section 1: Aman's Inspiration and Initial Steps: Aman explains how watching Ali's video four years prior inspired him to launch his first Skillshare course on C programming within a week, despite lacking experience in video production. He borrowed equipment from a friend, demonstrating a strong "bias to action." This course, while generating only $1500 over four years, served as a crucial first step. Aman highlights the importance of self-belief ("there's basically anything that someone has done I feel like with given enough time, effort and work I could replicate at least a little bit of that success") and an internal locus of control.
Section 2: Overcoming Resistance and the Importance of Action: Ali and Aman discuss the common resistance people face when considering online ventures. They stress that the first attempt doesn't have to be perfect or even highly successful; it's simply a starting point. Ali uses the analogy of learning to ride a bike – multiple falls are part of the learning process. The importance of consistent action is repeatedly emphasized.
Section 3: The Role of Difficulty and Friction: Aman shares his experience with finding a singing teacher, illustrating the friction inherent in any undertaking. He emphasizes the need to persevere through multiple attempts and not be discouraged by setbacks. Ali adds that the difficulty itself is a sign that the endeavor is worthwhile ("if it was so easy then everybody would do it").
Section 4: Timing and Procrastination: The video addresses the common excuse of "bad timing." Both Ali and Aman argue that the ideal time never arrives; action is necessary regardless. Aman recounts his rapid launch of a blog, email newsletter, and YouTube channel, demonstrating his bias towards action.
Section 5: Consistency, Sacrifice, and Content Consumption: Aman details his consistent YouTube posting schedule, even with initially low subscriber counts. He stresses the importance of consistent effort and sacrifice ("everything has a price"). He also highlights the value of consuming self-improvement content repeatedly, emphasizing that consistent messaging reinforces the necessary mindset. He mentions using the app Beeminder to incentivize consistent uploads.
Section 6: The Power of Investing in Knowledge: Aman describes a significant turning point in his journey: investing in coaching programs. He emphasizes the ROI of investing in knowledge and skills, contrasting it with the lower returns of passive investments. He highlights the value of mentorship and personalized guidance. He also addresses the fear of loss aversion, suggesting that the potential gains far outweigh the risks.
Section 7: Aman's Success and Final Advice: Aman reveals his current income of around $20,000 monthly profit, highlighting the freedom and flexibility it provides. He advises viewers to invest in their knowledge and skills, emphasizing the possibility of achieving significant online income with consistent effort and perseverance. He concludes by reiterating the importance of consistent action and the potential for success even starting from a position of "almost nothing."