Laziest Way to Make Money Online For Beginners ($100/day+)
Summary of "Laziest Way to Make Money Online For Beginners ($100/day+)"
Short Summary:
This video explores the concept of "lazy" ways to make money online, focusing on methods that can realistically generate over $100 per day for beginners. The speaker, a self-proclaimed millionaire businessman, analyzes five different money-making methods based on five key criteria: learning curve, fulfillment, scalability, startup capital, and risk level. The video highlights the potential of AI-powered Shopify stores as the most "lazy" option due to its minimal learning curve, automated fulfillment, and high scalability.
Detailed Summary:
Section 1: Introduction
The video starts by addressing the common question of finding the easiest way to make money online. The speaker emphasizes the desire for minimal effort and the freedom to work from anywhere. He introduces a grid system to evaluate different methods based on five criteria: learning curve, fulfillment, scalability, startup capital, and risk level.
Section 2: Freelancing
Freelancing is presented as a viable option, offering flexibility and control over work schedule. The speaker suggests video editing as a particularly in-demand skill due to the rise of digital content. The learning curve is estimated at 6 months, with fulfillment being challenging due to client interactions. Scalability is limited, requiring either higher rates or hiring others. Startup capital is minimal, with the main investment being time. Risk is low due to direct payment for each project, but inconsistent income is a potential concern.
Section 3: Airbnb Arbitrage
This method involves renting out a property on a long-term lease and subletting it short-term on platforms like Airbnb. The learning curve is estimated at 1-3 months, with fulfillment being moderate due to customer issues and management tasks. Scalability is high, allowing for adding more properties to the portfolio. Startup capital is significant, requiring 5K-15K for lease, furnishings, and cleaning services. Risk is high due to the upfront investment.
Section 4: eBay Shop
Selling products online through eBay is presented as a relatively easy option. The learning curve is estimated at 2 weeks, with fulfillment being moderate due to shipping and customer issues. Scalability is high, allowing for adding new products and branching out to other platforms. Startup capital is estimated at $500 for initial stock. Risk is moderate due to the potential for unsold stock.
Section 5: Affiliate Marketing
This method involves promoting other people's products or services and earning commissions on sales. The learning curve is very short, with fulfillment being very easy as the responsibility lies with the product owner. Scalability is high, allowing for promoting multiple products and leveraging organic short-form content. Startup capital is estimated at $250 for content creation. Risk is very low due to minimal upfront cost and no inventory management.
Section 6: AI Shopify Store
This method utilizes AI-powered tools like Build Your Store to create and manage Shopify stores. The learning curve is practically zero, with fulfillment being very easy due to automated processes and dropshipping. Scalability is unlimited, allowing for adding new products and growing the store without logistical concerns. Startup capital is minimal, requiring only $1 for Shopify and $0.99 for AutoDS trial. Risk is almost non-existent due to low upfront investment.
Conclusion:
The video concludes by highlighting the AI-powered Shopify store as the most "lazy" option due to its minimal learning curve, automated fulfillment, and high scalability. The speaker encourages viewers to explore this method and emphasizes the importance of investing wisely.