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All right, so are you trying to figure out

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how to make money online,

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especially without spending a bunch of money up front?

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Wow.

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You've come to the right place.

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Yeah.

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Today, we're diving deep into the world of Make Money Matt,

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this YouTube guru who says he's like,

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crack the code to online income.

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He really does present himself as that.

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Yeah, and we're gonna break down his top three strategies

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and kind of tease apart what's really interesting

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and maybe what's a little too good to be true

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and help you see the big picture.

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I think that's important, right?

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Because there is so much out there

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and so many people promising, you know, quick riches.

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It's secret.

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And it's not always that simple.

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No, absolutely not.

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But what's interesting is that Matt doesn't just tell you

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like do this, she actually breaks it down

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like why these methods work.

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He's tapped into some fundamental things

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about like consumer psychology.

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Yeah, so he starts off with a method

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that's like blown up in recent years.

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Yeah.

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What's your products?

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Absolutely.

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We're talking eBooks, online courses, templates,

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things that you create once.

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And you can sell over and over again.

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To an unlimited number of people.

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Yeah.

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That's the beauty of it.

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So why are digital products so hot right now?

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Well, I think there's a couple reasons.

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Yeah.

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And it's more than just like low overhead.

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Yeah.

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You know, think about it.

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We live in a world of instant gratification.

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Right.

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Like people want solutions and they want them now.

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And digital products really deliver that.

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It's instantly downloadable knowledge, right?

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Yeah.

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Which makes it so appealing to consumers.

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Makes sense.

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And on the flip side,

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creators love this idea of recurring revenue.

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You know, so much more stable than just like one-off sales.

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If you can create something once and sell it repeatedly.

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That's the dream.

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Right is.

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It's the dream.

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And Matt actually gives us an example.

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He clears out this guy named Adam Wammum.

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Adam Wammum, yeah.

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Who made over $2.5 million selling eBooks?

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I know. It's pretty mind-blowing.

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It's hard to even like wrap your head around that number.

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Like were they all best sellers?

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You know, not necessarily.

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Okay.

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And that's the beauty of digital products.

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Okay.

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You don't have to hit the New York Times best seller list

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to make a solid living.

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Okay.

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Even niche products.

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Yeah.

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If they solve a specific problem.

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Yeah.

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For a targeted audience.

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Mm-hmm.

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Can generate significant revenue over time.

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So it's not just about creating like any old eBook.

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It's about tapping into like a need.

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Uh-huh. Yeah.

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Very specific need.

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And providing real value.

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Absolutely.

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So I guess this leads to the question.

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What skills do you have that could translate

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into a digital product?

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That's the question everyone needs to ask themselves.

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Yeah.

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Right?

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What knowledge or expertise do you possess

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that others would be willing to pay for?

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Mm-hmm.

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And Matt encourages you to think beyond just eBooks.

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Okay.

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Like online workshops.

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Customizable templates.

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Even coaching services.

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Oh, right.

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These all fall under that digital product umbrella.

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Okay. So there's lots of options there.

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Yeah.

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He even breaks down the math.

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Yeah. He loves to do that.

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To make it super clear.

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It's very appealing.

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Right.

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Like imagine you create an online course.

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Mm-hmm.

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And you price it at $1,000.

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Okay.

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Which isn't crazy for like a high value course.

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No, not at all.

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If you sell just 10 of those courses each month.

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That's $10,000.

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Right.

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But is it really that simple?

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Well, that's where we need to dig a bit deeper.

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Yeah.

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Right.

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Okay.

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While the math seems pretty straightforward.

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Yeah.

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There's a lot more to consider.

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Okay.

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Pricing strategy, marketing, finding your ideal customers.

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Right.

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And constantly updating your content.

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Yeah.

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To stay relevant.

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Right.

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Those are all crucial pieces of the puzzle.

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Okay. So there's a little more to it.

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Than just like.

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There always is.

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Creating the course.

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Right.

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Than watching the money roll in.

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It'd be nice though, wouldn't it?

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It would be great.

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Yeah.

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All right. So that's digital products.

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All right.

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Now let's talk about the second method.

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Okay.

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Faceless YouTube automation.

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This one's interesting.

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This one kind of blew my mind a little bit.

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Because it's not the typical YouTube grind.

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Right.

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That we always hear about.

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Why?

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No need to be a camera ready superstar.

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Yeah.

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They don't have to be like, you know,

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the next big YouTuber.

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Yeah.

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Doing all the dances and all the crazy stuff.

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So how does this faceless thing actually work?

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So there's a couple ways to approach it.

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Yeah.

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AI tools are getting so sophisticated.

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Mm-hmm.

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You can use them for script writing.

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Okay.

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Voiceovers, even creating visuals.

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Whoa.

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Or you can just record your own voice.

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Okay.

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If you're comfortable with that.

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Mm-hmm.

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The key is to choose a profitable niche.

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Okay.

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Which is an area with a large engaged audience.

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Okay.

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Like travel, finance, fitness.

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Right.

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Things like that.

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That isn't YouTube all about personality.

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And like being authentic on camera.

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That's a good question.

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How can you build a following without showing your face?

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Well, and that's kind of the beauty of it.

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Okay.

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Right.

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While those personality driven channels do really well.

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Yeah.

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There's a huge demand.

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Mm-hmm.

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For high quality.

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Look, the cremation.

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Informational content.

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Yeah.

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People are searching for tutorials.

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Yeah.

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Reviews.

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Yeah.

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Explainer videos.

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Mm-hmm.

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On all sorts of topics.

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Makes sense.

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And if you can deliver that valuable information.

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Yeah.

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In an engaging way.

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Yeah.

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You could totally build an audience.

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Mm-hmm.

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Without ever stepping in front of a camera.

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So this is where that automation part comes in.

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Exactly.

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Okay.

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So he suggests creating a month's worth of content up front.

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Whoa.

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Okay.

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Right.

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Scheduling it to release gradually.

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Right.

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And then outsourcing the ongoing tasks.

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Okay.

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Like editing.

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Mm-hmm.

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Creating thumbnails.

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Yeah.

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And even managing comments.

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Wait, so you're not even creating the content after a while.

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Not necessarily.

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Okay.

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The initial phase.

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Mm-hmm.

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Really requires your vision and expertise.

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Right.

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To establish like the channel's direction and tone.

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Okay.

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But as it grows.

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Yeah.

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Outsourcing.

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Freeze you up.

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Okay.

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To focus on those big picture things.

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Okay.

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Like strategy.

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Right.

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New content ideas.

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Yeah.

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Or even launching other ventures.

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Okay, so that kind of makes sense.

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Yeah.

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But then how do you ensure the quality.

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Yeah.

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Of the content if you're not directly involved in creating it.

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That's where finding the right people becomes crucial.

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Okay.

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Right.

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Yeah.

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Thoroughly vetting freelancers.

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Mm-hmm.

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Establishing clear communication channels.

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Yeah.

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And having a robust quality control process.

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Mm-hmm.

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Are all essential for maintaining that high standard.

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So Matt claims that if you can get around like 6,000 daily views.

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Mm-hmm.

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Across your videos.

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Yeah.

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That translates to a thousand to $5,000 per month in ad revenue.

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Even after paying someone else to do the work.

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Is that realistic?

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Yeah, is that realistic?

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I mean those figures are definitely eye catching.

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Yeah.

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Right.

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Yeah.

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It's important to remember.

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Mm-hmm.

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That YouTube earnings can fluctuate wildly.

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Oh, okay.

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Right.

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Yeah.

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Factors like your niche.

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Right.

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Audience engagement, the types of ads.

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Mm-hmm.

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Even the ever changing YouTube algorithm.

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Yeah, you never know what they're going to do.

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Exactly.

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Yeah.

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I'll play a role.

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Right.

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It's not as simple as just hitting a certain number of views.

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Okay.

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There's a lot more to the story.

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All right.

294
00:07:38,940 --> 00:07:42,320
So faceless YouTube automation.

295
00:07:42,320 --> 00:07:42,760
Yeah.

296
00:07:42,760 --> 00:07:45,440
Is a potential gold mine.

297
00:07:45,440 --> 00:07:46,680
It has potential.

298
00:07:46,680 --> 00:07:48,280
It's not without its complexities.

299
00:07:48,280 --> 00:07:48,720
Right.

300
00:07:48,720 --> 00:07:50,200
It requires careful planning.

301
00:07:50,200 --> 00:07:51,000
Mm-hmm.

302
00:07:51,000 --> 00:07:51,960
And execution.

303
00:07:51,960 --> 00:07:52,300
Yeah.

304
00:07:52,300 --> 00:07:54,680
It's definitely not like a passive income stream.

305
00:07:54,680 --> 00:07:55,440
That's for sure.

306
00:07:55,440 --> 00:07:55,920
Not at all.

307
00:07:55,920 --> 00:07:57,440
But before we get too deep.

308
00:07:57,440 --> 00:07:57,760
Yeah.

309
00:07:57,760 --> 00:07:58,560
In the weeds.

310
00:07:58,560 --> 00:07:59,080
It was long.

311
00:07:59,080 --> 00:08:01,360
Let's move on to this third method.

312
00:08:01,360 --> 00:08:05,600
Which he calls affiliate marketing supercharge.

313
00:08:05,600 --> 00:08:08,440
This one's all about layering on additional income streams.

314
00:08:08,440 --> 00:08:09,040
Okay.

315
00:08:09,040 --> 00:08:09,160
Right.

316
00:08:09,160 --> 00:08:09,560
Yeah.

317
00:08:09,560 --> 00:08:10,760
So affiliate marketing.

318
00:08:10,760 --> 00:08:11,320
Yeah.

319
00:08:11,320 --> 00:08:15,880
Is all about partnering with companies that sell products

320
00:08:15,880 --> 00:08:17,280
related to your niche.

321
00:08:17,280 --> 00:08:17,880
Okay.

322
00:08:17,880 --> 00:08:19,920
And promoting those products on your platform.

323
00:08:19,920 --> 00:08:20,360
Okay.

324
00:08:20,360 --> 00:08:21,800
In this case your YouTube channel.

325
00:08:21,800 --> 00:08:22,520
Got it.

326
00:08:22,520 --> 00:08:24,160
You use special affiliate links.

327
00:08:24,160 --> 00:08:24,880
Mm-hmm.

328
00:08:24,880 --> 00:08:26,920
And when someone clicks your link.

329
00:08:26,920 --> 00:08:27,160
Yeah.

330
00:08:27,160 --> 00:08:28,240
And makes a purchase.

331
00:08:28,240 --> 00:08:28,800
Mm-hmm.

332
00:08:28,800 --> 00:08:30,040
You earn a commission.

333
00:08:30,040 --> 00:08:31,000
Okay.

334
00:08:31,000 --> 00:08:35,200
And Matt says this can be integrated with either of those other methods.

335
00:08:35,200 --> 00:08:35,920
Oh, okay.

336
00:08:35,920 --> 00:08:37,840
For a serious income boost.

337
00:08:37,840 --> 00:08:42,000
So you're basically getting paid to recommend products.

338
00:08:42,000 --> 00:08:42,200
Yeah.

339
00:08:42,200 --> 00:08:43,480
You already believe in.

340
00:08:43,480 --> 00:08:44,160
Ideally, yes.

341
00:08:44,160 --> 00:08:44,640
Right.

342
00:08:44,640 --> 00:08:46,280
To an audience you've already cultivated.

343
00:08:46,280 --> 00:08:46,600
Exactly.

344
00:08:46,600 --> 00:08:49,880
Either through your digital products or your YouTube channel.

345
00:08:49,880 --> 00:08:50,720
Mm-hmm.

346
00:08:50,720 --> 00:08:52,600
That sounds pretty smart.

347
00:08:52,600 --> 00:08:53,760
It's a smart strategy.

348
00:08:53,760 --> 00:08:54,000
Yeah.

349
00:08:54,000 --> 00:08:55,120
If you do it right.

350
00:08:55,120 --> 00:08:57,600
But how do you choose the right products.

351
00:08:57,600 --> 00:08:58,440
Yeah.

352
00:08:58,440 --> 00:08:59,200
To promote.

353
00:08:59,200 --> 00:09:00,440
That's a big question.

354
00:09:00,440 --> 00:09:03,520
And how do you make sure you're being ethical.

355
00:09:03,520 --> 00:09:04,240
Right.

356
00:09:04,240 --> 00:09:05,800
And transparent with your audience.

357
00:09:05,800 --> 00:09:06,240
Yeah.

358
00:09:06,240 --> 00:09:07,520
Those are excellent questions.

359
00:09:07,520 --> 00:09:08,240
Yeah.

360
00:09:08,240 --> 00:09:10,040
And definitely things to consider.

361
00:09:10,040 --> 00:09:10,680
Mm-hmm.

362
00:09:10,680 --> 00:09:13,320
Before jumping into affiliate marketing.

363
00:09:13,320 --> 00:09:13,880
Okay.

364
00:09:13,880 --> 00:09:16,160
Choosing products you genuinely believe in.

365
00:09:16,160 --> 00:09:16,720
Yeah.

366
00:09:16,720 --> 00:09:19,400
And that align with your values is crucial.

367
00:09:19,400 --> 00:09:19,800
Right.

368
00:09:19,800 --> 00:09:22,120
Your audience can sense when you're promoting something.

369
00:09:22,120 --> 00:09:22,880
Mm-hmm.

370
00:09:22,880 --> 00:09:24,200
Just for the commission.

371
00:09:24,200 --> 00:09:24,840
Right.

372
00:09:24,840 --> 00:09:27,280
And that can really erode trust.

373
00:09:27,280 --> 00:09:27,640
Yeah.

374
00:09:27,640 --> 00:09:27,960
Totally.

375
00:09:27,960 --> 00:09:29,480
So authenticity is key.

376
00:09:29,480 --> 00:09:30,760
Authenticity is everything.

377
00:09:30,760 --> 00:09:33,560
But what about choosing products that are actually going to sell.

378
00:09:33,560 --> 00:09:34,160
Right.

379
00:09:34,160 --> 00:09:35,720
Do you just pick whatever is popular.

380
00:09:35,720 --> 00:09:38,680
Well Matt emphasizes choosing high ticket products.

381
00:09:38,680 --> 00:09:39,480
Okay.

382
00:09:39,480 --> 00:09:42,240
So those priced at $500 or more.

383
00:09:42,240 --> 00:09:42,760
Okay.

384
00:09:42,760 --> 00:09:44,520
To really maximize your earnings.

385
00:09:44,520 --> 00:09:45,080
Okay.

386
00:09:45,080 --> 00:09:46,720
And he even breaks it down.

387
00:09:46,720 --> 00:09:47,080
Okay.

388
00:09:47,080 --> 00:09:48,720
Imagine you promote a product.

389
00:09:48,720 --> 00:09:49,240
Yeah.

390
00:09:49,240 --> 00:09:51,240
With a 50% commission rate.

391
00:09:51,240 --> 00:09:51,800
Okay.

392
00:09:51,800 --> 00:09:53,600
And make just one sale a day.

393
00:09:53,600 --> 00:09:54,200
Mm-hmm.

394
00:09:54,200 --> 00:09:56,400
That's $90,000 a year.

395
00:09:56,400 --> 00:09:57,480
Oh wow.

396
00:09:57,480 --> 00:09:58,240
Pretty compelling right.

397
00:09:58,240 --> 00:10:00,120
That is a huge difference.

398
00:10:00,120 --> 00:10:00,440
Yeah.

399
00:10:00,440 --> 00:10:03,000
From promoting a bunch of $10 items.

400
00:10:03,000 --> 00:10:03,800
For sure.

401
00:10:03,800 --> 00:10:05,440
But how realistic is that.

402
00:10:05,440 --> 00:10:06,000
Wow.

403
00:10:06,000 --> 00:10:10,080
Are people really buying $500 plus products online.

404
00:10:10,080 --> 00:10:11,000
Mm-hmm.

405
00:10:11,000 --> 00:10:13,280
Based on a YouTube recommendation.

406
00:10:13,280 --> 00:10:15,200
That's where understanding your audience.

407
00:10:15,200 --> 00:10:15,800
Okay.

408
00:10:15,800 --> 00:10:17,280
And building trust comes in.

409
00:10:17,280 --> 00:10:17,800
Yeah.

410
00:10:17,800 --> 00:10:17,960
Right.

411
00:10:17,960 --> 00:10:18,480
Makes sense.

412
00:10:18,480 --> 00:10:22,200
People are more likely to make a significant purchase.

413
00:10:22,200 --> 00:10:22,760
Yeah.

414
00:10:22,760 --> 00:10:25,440
Based on a recommendation from someone they trust.

415
00:10:25,440 --> 00:10:26,200
Mm-hmm.

416
00:10:26,200 --> 00:10:29,520
If you've established yourself as an authority in your niche.

417
00:10:29,520 --> 00:10:30,440
Right.

418
00:10:30,440 --> 00:10:33,520
And you consistently provide valuable content.

419
00:10:33,520 --> 00:10:34,240
Right.

420
00:10:34,240 --> 00:10:36,120
Your audience will be more receptive.

421
00:10:36,120 --> 00:10:36,640
Mm-hmm.

422
00:10:36,640 --> 00:10:37,640
To your recommendations.

423
00:10:37,640 --> 00:10:38,360
Okay.

424
00:10:38,360 --> 00:10:40,880
So it's not just about slapping an affiliate link

425
00:10:40,880 --> 00:10:41,880
on any old product.

426
00:10:41,880 --> 00:10:42,040
No.

427
00:10:42,040 --> 00:10:43,000
It's got to be strategic.

428
00:10:43,000 --> 00:10:45,520
It's about strategically choosing products.

429
00:10:45,520 --> 00:10:45,960
Mm-hmm.

430
00:10:45,960 --> 00:10:47,880
That align with your brand.

431
00:10:47,880 --> 00:10:48,240
Yes.

432
00:10:48,240 --> 00:10:50,040
Resonate with your audience.

433
00:10:50,040 --> 00:10:50,560
Absolutely.

434
00:10:50,560 --> 00:10:51,680
And offer real value.

435
00:10:51,680 --> 00:10:52,800
Consider it better myself.

436
00:10:52,800 --> 00:10:53,120
Okay.

437
00:10:53,120 --> 00:10:53,760
That makes sense.

438
00:10:53,760 --> 00:10:54,200
All right.

439
00:10:54,200 --> 00:10:56,040
And transparency is paramount.

440
00:10:56,040 --> 00:10:56,960
Oh for sure.

441
00:10:56,960 --> 00:10:58,560
Your audience needs to know.

442
00:10:58,560 --> 00:10:59,080
Mm-hmm.

443
00:10:59,080 --> 00:11:00,960
That you're earning a commission.

444
00:11:00,960 --> 00:11:01,240
Yes.

445
00:11:01,240 --> 00:11:02,360
From your recommendation.

446
00:11:02,360 --> 00:11:03,280
That's huge.

447
00:11:03,280 --> 00:11:04,960
And not only is it ethical.

448
00:11:04,960 --> 00:11:05,240
Right.

449
00:11:05,240 --> 00:11:08,400
But it also builds trust and credibility.

450
00:11:08,400 --> 00:11:09,200
Exactly.

451
00:11:09,200 --> 00:11:11,880
And it seems like Matt really walks the walk.

452
00:11:11,880 --> 00:11:12,360
He does.

453
00:11:12,360 --> 00:11:14,040
When it comes to affiliate marketing.

454
00:11:14,040 --> 00:11:14,480
Yeah.

455
00:11:14,480 --> 00:11:17,600
His own course is on Digistore 24.

456
00:11:17,600 --> 00:11:18,160
Uh-huh.

457
00:11:18,160 --> 00:11:21,880
And he offers a 50% commission to affiliates.

458
00:11:21,880 --> 00:11:22,160
Yeah.

459
00:11:22,160 --> 00:11:23,760
He puts his money where his mouth is.

460
00:11:23,760 --> 00:11:27,080
That's a pretty big statement about his confidence.

461
00:11:27,080 --> 00:11:27,840
It really is.

462
00:11:27,840 --> 00:11:28,640
In the system.

463
00:11:28,640 --> 00:11:29,200
Mm-hmm.

464
00:11:29,200 --> 00:11:29,800
Yeah.

465
00:11:29,800 --> 00:11:30,320
Yeah.

466
00:11:30,320 --> 00:11:32,640
But as with everything we've talked about,

467
00:11:32,640 --> 00:11:34,200
it's important to do your own research.

468
00:11:34,200 --> 00:11:34,840
Absolutely.

469
00:11:34,840 --> 00:11:35,360
Always.

470
00:11:35,360 --> 00:11:38,600
Evaluate whether any product you promote

471
00:11:38,600 --> 00:11:40,000
is a good fit for your audience.

472
00:11:40,000 --> 00:11:40,400
Yeah.

473
00:11:40,400 --> 00:11:43,720
And make sure it aligns with your own ethical standard.

474
00:11:43,720 --> 00:11:44,480
Your own values.

475
00:11:44,480 --> 00:11:44,920
Yeah.

476
00:11:44,920 --> 00:11:45,920
For sure.

477
00:11:45,920 --> 00:11:46,120
Okay.

478
00:11:46,120 --> 00:11:47,800
So we've covered a lot of ground.

479
00:11:47,800 --> 00:11:48,480
We have.

480
00:11:48,480 --> 00:11:51,040
These three things sound incredibly promising.

481
00:11:51,040 --> 00:11:51,320
They do.

482
00:11:51,320 --> 00:11:52,160
Especially for someone.

483
00:11:52,160 --> 00:11:52,760
Yeah.

484
00:11:52,760 --> 00:11:54,280
Starting with limited resources.

485
00:11:54,280 --> 00:11:54,640
Right.

486
00:11:54,640 --> 00:11:56,400
But there's definitely a lot to consider.

487
00:11:56,400 --> 00:11:57,040
Absolutely.

488
00:11:57,040 --> 00:11:57,320
Right.

489
00:11:57,320 --> 00:11:57,840
There always is.

490
00:11:57,840 --> 00:11:59,520
So we've just scratched the surface.

491
00:11:59,520 --> 00:11:59,760
Yeah.

492
00:11:59,760 --> 00:12:01,400
We've just kind of laid the groundwork.

493
00:12:01,400 --> 00:12:01,840
Yeah.

494
00:12:01,840 --> 00:12:03,760
There's a whole world of nuance.

495
00:12:03,760 --> 00:12:04,160
Right.

496
00:12:04,160 --> 00:12:05,080
And strategy.

497
00:12:05,080 --> 00:12:06,840
And even potential pitfalls.

498
00:12:06,840 --> 00:12:07,560
Yeah.

499
00:12:07,560 --> 00:12:08,480
We've got to dig into that.

500
00:12:08,480 --> 00:12:10,240
Within each of these methods.

501
00:12:10,240 --> 00:12:10,640
Yeah.

502
00:12:10,640 --> 00:12:12,000
And that's what we're going to unpack.

503
00:12:12,000 --> 00:12:12,320
Yes.

504
00:12:12,320 --> 00:12:13,720
In the rest of this deep dive.

505
00:12:13,720 --> 00:12:14,160
Right.

506
00:12:14,160 --> 00:12:15,760
We'll explore the challenges.

507
00:12:15,760 --> 00:12:16,080
Mm-hmm.

508
00:12:16,080 --> 00:12:17,560
We'll dig into the details.

509
00:12:17,560 --> 00:12:18,000
Yeah.

510
00:12:18,000 --> 00:12:20,640
And help you figure out which method.

511
00:12:20,640 --> 00:12:21,040
Okay.

512
00:12:21,040 --> 00:12:21,600
If any.

513
00:12:21,600 --> 00:12:22,040
Right.

514
00:12:22,040 --> 00:12:26,680
Resonates most with your skills, interests, and goals.

515
00:12:26,680 --> 00:12:27,520
It's about you.

516
00:12:27,520 --> 00:12:28,040
Yeah.

517
00:12:28,040 --> 00:12:30,280
Because ultimately this is about your journey.

518
00:12:30,280 --> 00:12:30,800
Your journey.

519
00:12:30,800 --> 00:12:32,160
To making money online.

520
00:12:32,160 --> 00:12:32,600
Right.

521
00:12:32,600 --> 00:12:33,720
And speaking of your journey.

522
00:12:33,720 --> 00:12:34,280
Mm-hmm.

523
00:12:34,280 --> 00:12:35,920
What's standing out to you so far?

524
00:12:35,920 --> 00:12:36,240
Yeah.

525
00:12:36,240 --> 00:12:37,280
What are you thinking about?

526
00:12:37,280 --> 00:12:40,480
Which of these methods kind of sparks your interest.

527
00:12:40,480 --> 00:12:40,920
Yeah.

528
00:12:40,920 --> 00:12:43,800
Which one are you most excited to learn more about?

529
00:12:43,800 --> 00:12:47,560
And what are your burning questions about making money online?

530
00:12:47,560 --> 00:12:48,040
Yeah.

531
00:12:48,040 --> 00:12:51,040
What resonates most with your skills and aspirations?

532
00:12:51,040 --> 00:12:54,760
Because we're here to help you navigate this exciting world.

533
00:12:54,760 --> 00:12:55,520
Yes.

534
00:12:55,520 --> 00:12:57,160
This ever-evolving world.

535
00:12:57,160 --> 00:12:57,800
That's right.

536
00:12:57,800 --> 00:12:58,920
And we'll be right back.

537
00:12:58,920 --> 00:12:59,240
Mm-hmm.

538
00:12:59,240 --> 00:13:00,320
After a short break.

539
00:13:00,320 --> 00:13:00,800
Okay.

540
00:13:00,800 --> 00:13:02,400
To delve even deeper.

541
00:13:02,400 --> 00:13:02,720
All right.

542
00:13:02,720 --> 00:13:04,560
Into this fascinating world.

543
00:13:04,560 --> 00:13:05,200
That sounds good.

544
00:13:05,200 --> 00:13:07,400
Of online income generation.

545
00:13:07,400 --> 00:13:09,640
You know what strikes me about all these methods

546
00:13:09,640 --> 00:13:14,400
is how they really challenge that traditional 9-to-5 grind.

547
00:13:14,400 --> 00:13:15,120
Right.

548
00:13:15,120 --> 00:13:18,080
We're talking about like building income streams

549
00:13:18,080 --> 00:13:19,320
from anywhere.

550
00:13:19,320 --> 00:13:19,720
Mm-hmm.

551
00:13:19,720 --> 00:13:20,840
On your own terms.

552
00:13:20,840 --> 00:13:21,280
Yeah.

553
00:13:21,280 --> 00:13:24,560
It's like the whole concept of work is being redefined.

554
00:13:24,560 --> 00:13:25,080
Totally.

555
00:13:25,080 --> 00:13:25,520
Right?

556
00:13:25,520 --> 00:13:29,600
Like the laptop lifestyle being your own boss,

557
00:13:29,600 --> 00:13:30,920
it's freedom.

558
00:13:30,920 --> 00:13:31,920
It's appealing.

559
00:13:31,920 --> 00:13:32,280
Yeah.

560
00:13:32,280 --> 00:13:33,280
It's incredibly appealing.

561
00:13:33,280 --> 00:13:35,560
But I imagine it comes with its own set of challenges.

562
00:13:35,560 --> 00:13:36,200
Absolutely.

563
00:13:36,200 --> 00:13:38,480
It can all be sunshine and rainbows.

564
00:13:38,480 --> 00:13:38,920
No.

565
00:13:38,920 --> 00:13:39,520
Definitely not.

566
00:13:39,520 --> 00:13:40,480
Right.

567
00:13:40,480 --> 00:13:42,360
There's a whole other side to this world

568
00:13:42,360 --> 00:13:44,240
that often gets overlooked.

569
00:13:44,240 --> 00:13:44,680
Okay.

570
00:13:44,680 --> 00:13:45,160
Like what?

571
00:13:45,160 --> 00:13:48,440
Like the legal and financial aspects, for example.

572
00:13:48,440 --> 00:13:48,760
Right.

573
00:13:48,760 --> 00:13:49,840
Can be a real headache.

574
00:13:49,840 --> 00:13:50,160
Okay.

575
00:13:50,160 --> 00:13:53,520
Like taxes, contracts, intellectual property protection.

576
00:13:53,520 --> 00:13:54,200
Right.

577
00:13:54,200 --> 00:13:57,480
It's crucial to be informed and set yourself up properly

578
00:13:57,480 --> 00:13:58,360
from the start.

579
00:13:58,360 --> 00:13:59,080
That's a great point.

580
00:13:59,080 --> 00:14:02,240
It's easy to get caught up in the excitement

581
00:14:02,240 --> 00:14:03,920
for making money online.

582
00:14:03,920 --> 00:14:04,440
Right.

583
00:14:04,440 --> 00:14:06,080
And kind of forget about.

584
00:14:06,080 --> 00:14:06,920
The practicality.

585
00:14:06,920 --> 00:14:07,320
Yeah.

586
00:14:07,320 --> 00:14:08,800
The practical side of running a business.

587
00:14:08,800 --> 00:14:09,120
Yeah.

588
00:14:09,120 --> 00:14:09,640
Absolutely.

589
00:14:09,640 --> 00:14:14,000
So are there any specific resources that you recommend.

590
00:14:14,000 --> 00:14:14,400
Oh, yeah.

591
00:14:14,400 --> 00:14:18,480
For navigating those legal and financial complexities.

592
00:14:18,480 --> 00:14:21,000
There are some fantastic online resources.

593
00:14:21,000 --> 00:14:21,520
Okay.

594
00:14:21,520 --> 00:14:24,880
Specifically for online entrepreneurs,

595
00:14:24,880 --> 00:14:27,040
the Small Business Administration website

596
00:14:27,040 --> 00:14:28,280
is a great starting point.

597
00:14:28,280 --> 00:14:28,640
Okay.

598
00:14:28,640 --> 00:14:28,880
Yeah.

599
00:14:28,880 --> 00:14:32,360
They offer tons of free information and guidance.

600
00:14:32,360 --> 00:14:32,960
That's awesome.

601
00:14:32,960 --> 00:14:36,760
On everything from registering your business

602
00:14:36,760 --> 00:14:40,120
to understanding tax obligations.

603
00:14:40,120 --> 00:14:40,960
Okay.

604
00:14:40,960 --> 00:14:43,040
So that's definitely worth checking out.

605
00:14:43,040 --> 00:14:45,600
And what about protecting your intellectual property?

606
00:14:45,600 --> 00:14:45,880
Yeah.

607
00:14:45,880 --> 00:14:47,400
Especially with digital products.

608
00:14:47,400 --> 00:14:49,160
It seems like it'd be so easy.

609
00:14:49,160 --> 00:14:50,320
It's a valid concern.

610
00:14:50,320 --> 00:14:50,560
Yeah.

611
00:14:50,560 --> 00:14:52,120
For someone to just copy your work.

612
00:14:52,120 --> 00:14:52,920
Right.

613
00:14:52,920 --> 00:14:55,760
There are a few ways to protect your digital creations.

614
00:14:55,760 --> 00:14:57,520
You can use copyright notices.

615
00:14:57,520 --> 00:14:58,160
Mm-hmm.

616
00:14:58,160 --> 00:14:59,520
Trademarks.

617
00:14:59,520 --> 00:15:01,880
And even look into registering your work.

618
00:15:01,880 --> 00:15:02,320
Okay.

619
00:15:02,320 --> 00:15:03,880
With the copyright office.

620
00:15:03,880 --> 00:15:04,600
Right.

621
00:15:04,600 --> 00:15:06,520
And for more complex situations.

622
00:15:06,520 --> 00:15:06,960
Yeah.

623
00:15:06,960 --> 00:15:09,400
Consulting with an intellectual property attorney.

624
00:15:09,400 --> 00:15:09,720
Okay.

625
00:15:09,720 --> 00:15:10,840
Is always a good idea.

626
00:15:10,840 --> 00:15:11,160
All right.

627
00:15:11,160 --> 00:15:13,040
So there's definitely more to it.

628
00:15:13,040 --> 00:15:13,680
A little more to it.

629
00:15:13,680 --> 00:15:15,960
Than just creating the product and hitting publish.

630
00:15:15,960 --> 00:15:16,480
Yeah.

631
00:15:16,480 --> 00:15:17,480
A bit more.

632
00:15:17,480 --> 00:15:18,840
But let's shift gears a bit.

633
00:15:18,840 --> 00:15:19,280
Okay.

634
00:15:19,280 --> 00:15:21,840
And talk about something that's so crucial.

635
00:15:21,840 --> 00:15:22,480
Mm-hmm.

636
00:15:22,480 --> 00:15:24,720
For any online business.

637
00:15:24,720 --> 00:15:25,160
Yeah.

638
00:15:25,160 --> 00:15:26,640
Building an audience.

639
00:15:26,640 --> 00:15:27,440
Absolutely.

640
00:15:27,440 --> 00:15:31,320
You mentioned earlier that people buy from those they trust.

641
00:15:31,320 --> 00:15:32,000
Mm-hmm.

642
00:15:32,000 --> 00:15:32,720
That's key.

643
00:15:32,720 --> 00:15:36,200
So how do you go about cultivating that trust.

644
00:15:36,200 --> 00:15:36,680
Right.

645
00:15:36,680 --> 00:15:38,280
And connection.

646
00:15:38,280 --> 00:15:38,960
Yeah.

647
00:15:38,960 --> 00:15:40,800
With potential customers.

648
00:15:40,800 --> 00:15:42,840
It all starts with understanding your audience.

649
00:15:42,840 --> 00:15:43,320
Okay.

650
00:15:43,320 --> 00:15:44,120
Like who are they.

651
00:15:44,120 --> 00:15:44,960
Mm-hmm.

652
00:15:44,960 --> 00:15:45,920
What are their pain points.

653
00:15:45,920 --> 00:15:46,440
Yeah.

654
00:15:46,440 --> 00:15:47,640
What keeps them up at night.

655
00:15:47,640 --> 00:15:49,000
What are they struggling with.

656
00:15:49,000 --> 00:15:49,600
Exactly.

657
00:15:49,600 --> 00:15:51,040
Once you have a clear picture.

658
00:15:51,040 --> 00:15:51,560
Okay.

659
00:15:51,560 --> 00:15:52,960
Of your ideal customer.

660
00:15:52,960 --> 00:15:53,640
Yeah.

661
00:15:53,640 --> 00:15:57,080
You can tailor your content and messaging.

662
00:15:57,080 --> 00:15:58,160
To resonate with them.

663
00:15:58,160 --> 00:16:01,000
So it's not about casting a wide net.

664
00:16:01,000 --> 00:16:01,480
No.

665
00:16:01,480 --> 00:16:03,240
And hoping to catch anyone.

666
00:16:03,240 --> 00:16:03,720
No, no.

667
00:16:03,720 --> 00:16:05,000
Who swims by.

668
00:16:05,000 --> 00:16:06,240
It's about focusing.

669
00:16:06,240 --> 00:16:06,680
Huh?

670
00:16:06,680 --> 00:16:09,320
On a specific group of people.

671
00:16:09,320 --> 00:16:09,840
Right.

672
00:16:09,840 --> 00:16:11,760
And providing them with real value.

673
00:16:11,760 --> 00:16:12,360
Mm-hmm.

674
00:16:12,360 --> 00:16:15,000
It's about becoming that trusted resource.

675
00:16:15,000 --> 00:16:15,440
Yeah.

676
00:16:15,440 --> 00:16:17,520
A go-to expert in your niche.

677
00:16:17,520 --> 00:16:18,280
Okay.

678
00:16:18,280 --> 00:16:19,400
That makes sense.

679
00:16:19,400 --> 00:16:20,000
Right.

680
00:16:20,000 --> 00:16:21,840
But with so much noise online.

681
00:16:21,840 --> 00:16:22,400
Oh, I know.

682
00:16:22,400 --> 00:16:23,840
How do you stand out.

683
00:16:23,840 --> 00:16:24,160
Right.

684
00:16:24,160 --> 00:16:26,120
And actually get people to pay attention.

685
00:16:26,120 --> 00:16:28,800
That's where a strong content strategy comes in.

686
00:16:28,800 --> 00:16:29,920
Whether it's blog posts.

687
00:16:29,920 --> 00:16:30,400
Mm-hmm.

688
00:16:30,400 --> 00:16:31,160
Videos.

689
00:16:31,160 --> 00:16:31,520
Yeah.

690
00:16:31,520 --> 00:16:32,560
Social media updates.

691
00:16:32,560 --> 00:16:33,640
Or even podcasts.

692
00:16:33,640 --> 00:16:34,200
Yeah.

693
00:16:34,200 --> 00:16:37,920
The key is to consistently create high quality content.

694
00:16:37,920 --> 00:16:38,560
Okay.

695
00:16:38,560 --> 00:16:40,080
That educates, entertains.

696
00:16:40,080 --> 00:16:40,280
Right.

697
00:16:40,280 --> 00:16:41,840
Or inspires your audience.

698
00:16:41,840 --> 00:16:43,760
So it's not just about selling, selling, selling.

699
00:16:43,760 --> 00:16:44,360
No, it's not.

700
00:16:44,360 --> 00:16:44,840
Right.

701
00:16:44,840 --> 00:16:46,680
It's about building relationships.

702
00:16:46,680 --> 00:16:47,080
Yeah.

703
00:16:47,080 --> 00:16:48,120
And providing value.

704
00:16:48,120 --> 00:16:49,400
It's about building a community.

705
00:16:49,400 --> 00:16:49,920
Exactly.

706
00:16:49,920 --> 00:16:50,400
Yeah.

707
00:16:50,400 --> 00:16:52,120
And once you've established that trust.

708
00:16:52,120 --> 00:16:53,280
Mm-hmm.

709
00:16:53,280 --> 00:16:55,400
The sales will follow naturally.

710
00:16:55,400 --> 00:16:56,560
I love that.

711
00:16:56,560 --> 00:16:58,360
This all sounds great in theory.

712
00:16:58,360 --> 00:16:58,840
Yeah.

713
00:16:58,840 --> 00:17:02,240
But what about the practical side of getting your content seen.

714
00:17:02,240 --> 00:17:02,760
Okay.

715
00:17:02,760 --> 00:17:05,080
The internet is a vast place.

716
00:17:05,080 --> 00:17:05,520
It is.

717
00:17:05,520 --> 00:17:07,960
How do you actually get your amazing content.

718
00:17:07,960 --> 00:17:08,240
Right.

719
00:17:08,240 --> 00:17:09,520
In front of the right people.

720
00:17:09,520 --> 00:17:11,280
That's where marketing and promotion come in.

721
00:17:11,280 --> 00:17:11,960
Okay.

722
00:17:11,960 --> 00:17:14,200
And there's so many avenues to explore.

723
00:17:14,200 --> 00:17:14,760
Right.

724
00:17:14,760 --> 00:17:16,120
It can feel overwhelming.

725
00:17:16,120 --> 00:17:17,600
Like where do you even start?

726
00:17:17,600 --> 00:17:20,040
A good starting point is to think about.

727
00:17:20,040 --> 00:17:20,680
Mm-hmm.

728
00:17:20,680 --> 00:17:23,040
Where your target audience hangs out online.

729
00:17:23,040 --> 00:17:23,560
Okay.

730
00:17:23,560 --> 00:17:24,680
Are they on Instagram?

731
00:17:24,680 --> 00:17:25,240
Yeah.

732
00:17:25,240 --> 00:17:26,560
TikTok?

733
00:17:26,560 --> 00:17:27,040
Facebook.

734
00:17:27,040 --> 00:17:27,640
Mm-hmm.

735
00:17:27,640 --> 00:17:30,440
Do they listen to podcasts or read blogs?

736
00:17:30,440 --> 00:17:30,760
Right.

737
00:17:30,760 --> 00:17:32,280
Once you know where they are.

738
00:17:32,280 --> 00:17:33,120
Yeah.

739
00:17:33,120 --> 00:17:35,200
You can focus your efforts on those platforms.

740
00:17:35,200 --> 00:17:35,440
Okay.

741
00:17:35,440 --> 00:17:36,920
So it's about being strategic.

742
00:17:36,920 --> 00:17:37,440
Exactly.

743
00:17:37,440 --> 00:17:39,000
And targeting your marketing effort.

744
00:17:39,000 --> 00:17:39,840
Targeted marketing.

745
00:17:39,840 --> 00:17:40,080
Yeah.

746
00:17:40,080 --> 00:17:42,720
But with all these different platforms and strategies.

747
00:17:42,720 --> 00:17:43,480
Mm-hmm.

748
00:17:43,480 --> 00:17:46,160
How do you know what's actually working?

749
00:17:46,160 --> 00:17:48,440
That's where tracking and analytics come in.

750
00:17:48,440 --> 00:17:48,920
Okay.

751
00:17:48,920 --> 00:17:51,800
Most online platforms offer tools.

752
00:17:51,800 --> 00:17:52,120
Yeah.

753
00:17:52,120 --> 00:17:53,400
To track your performance.

754
00:17:53,400 --> 00:17:53,720
Mm-hmm.

755
00:17:53,720 --> 00:17:56,600
You can see how many people are viewing your content.

756
00:17:56,600 --> 00:17:57,000
Okay.

757
00:17:57,000 --> 00:17:58,240
Clicking your links.

758
00:17:58,240 --> 00:17:58,640
Right.

759
00:17:58,640 --> 00:18:00,360
And ultimately making purchases.

760
00:18:00,360 --> 00:18:03,360
So it's all about gathering that data.

761
00:18:03,360 --> 00:18:03,800
Mm-hmm.

762
00:18:03,800 --> 00:18:06,480
And using it to refine your strategy.

763
00:18:06,480 --> 00:18:07,120
Exactly.

764
00:18:07,120 --> 00:18:09,840
It's a continuous process of learning and adapting.

765
00:18:09,840 --> 00:18:11,480
So it's not about setting it and forgetting it.

766
00:18:11,480 --> 00:18:12,240
Yeah, not at all.

767
00:18:12,240 --> 00:18:12,960
Okay.

768
00:18:12,960 --> 00:18:14,920
The online world is constantly evolving.

769
00:18:14,920 --> 00:18:15,160
Right.

770
00:18:15,160 --> 00:18:17,000
So you need to be willing to adapt.

771
00:18:17,000 --> 00:18:17,880
Mm-hmm.

772
00:18:17,880 --> 00:18:19,600
And experiment to stay ahead of the curve.

773
00:18:19,600 --> 00:18:20,640
Yeah, you gotta stay on top of it.

774
00:18:20,640 --> 00:18:21,520
You do.

775
00:18:21,520 --> 00:18:21,920
Okay.

776
00:18:21,920 --> 00:18:25,240
So we've talked about identifying your niche.

777
00:18:25,240 --> 00:18:25,560
Mm-hmm.

778
00:18:25,560 --> 00:18:26,840
Building an audience.

779
00:18:26,840 --> 00:18:27,200
Yeah.

780
00:18:27,200 --> 00:18:30,080
Navigating those legal and financial complexities.

781
00:18:30,080 --> 00:18:30,400
Right.

782
00:18:30,400 --> 00:18:33,320
We even dipped our toes in the vast world of marketing.

783
00:18:33,320 --> 00:18:33,960
We did.

784
00:18:33,960 --> 00:18:38,920
Is there anything else aspiring online entrepreneurs

785
00:18:38,920 --> 00:18:42,080
should be thinking about as they embark on this journey?

786
00:18:42,080 --> 00:18:43,960
You know, this brings up an interesting point.

787
00:18:43,960 --> 00:18:44,480
Okay.

788
00:18:44,480 --> 00:18:46,760
How do you define success?

789
00:18:46,760 --> 00:18:47,400
Okay.

790
00:18:47,400 --> 00:18:48,240
In this realm.

791
00:18:48,240 --> 00:18:48,680
Right.

792
00:18:48,680 --> 00:18:50,960
Is it solely about financial gain?

793
00:18:50,960 --> 00:18:51,280
Yeah.

794
00:18:51,280 --> 00:18:53,240
Or are there other metrics that matter?

795
00:18:53,240 --> 00:18:55,360
That's a great question, because, yeah.

796
00:18:55,360 --> 00:18:55,720
Yeah.

797
00:18:55,720 --> 00:18:56,920
Money's important.

798
00:18:56,920 --> 00:18:57,720
Of course.

799
00:18:57,720 --> 00:19:00,280
But it's not the only measure of success.

800
00:19:00,280 --> 00:19:00,840
Exactly.

801
00:19:00,840 --> 00:19:01,040
Right.

802
00:19:01,040 --> 00:19:05,960
Some entrepreneurs might prioritize flexibility and freedom.

803
00:19:05,960 --> 00:19:06,200
Yeah.

804
00:19:06,200 --> 00:19:07,800
Over maximizing their income.

805
00:19:07,800 --> 00:19:08,480
Right.

806
00:19:08,480 --> 00:19:11,160
Others might focus on building a strong community.

807
00:19:11,160 --> 00:19:11,680
Mm-hmm.

808
00:19:11,680 --> 00:19:13,920
Or making a positive impact on the world.

809
00:19:13,920 --> 00:19:18,040
So it's really about defining what success means to you.

810
00:19:18,040 --> 00:19:18,320
Exactly.

811
00:19:18,320 --> 00:19:20,880
And aligning your actions with those values.

812
00:19:20,880 --> 00:19:21,360
It's not a particular.

813
00:19:21,360 --> 00:19:24,440
And recognizing that your definition of success

814
00:19:24,440 --> 00:19:25,920
might evolve.

815
00:19:25,920 --> 00:19:26,720
It will.

816
00:19:26,720 --> 00:19:28,400
As you gain experience.

817
00:19:28,400 --> 00:19:28,960
Of course.

818
00:19:28,960 --> 00:19:32,200
And learn more about what truly fulfills you.

819
00:19:32,200 --> 00:19:34,000
I think that's a really important point.

820
00:19:34,000 --> 00:19:35,720
This is getting really deep, but I love it.

821
00:19:35,720 --> 00:19:36,360
Me too.

822
00:19:36,360 --> 00:19:38,000
It's not just about the money.

823
00:19:38,000 --> 00:19:38,360
Yeah.

824
00:19:38,360 --> 00:19:42,760
It's about creating a life that aligns with your values.

825
00:19:42,760 --> 00:19:43,360
Absolutely.

826
00:19:43,360 --> 00:19:44,360
And aspirations.

827
00:19:44,360 --> 00:19:44,680
Yeah.

828
00:19:44,680 --> 00:19:47,720
And you know, it's about finding that sweet spot.

829
00:19:47,720 --> 00:19:48,320
Mm-hmm.

830
00:19:48,320 --> 00:19:50,920
Where your skills, passions, and values.

831
00:19:50,920 --> 00:19:51,560
Yeah.

832
00:19:51,560 --> 00:19:53,640
Intersect with the needs of the world.

833
00:19:53,640 --> 00:19:55,400
We've covered so much ground already.

834
00:19:55,400 --> 00:19:55,760
I know.

835
00:19:55,760 --> 00:19:56,320
It's a lot.

836
00:19:56,320 --> 00:19:59,800
From digital products and YouTube automation

837
00:19:59,800 --> 00:20:03,000
to the importance of niche selection and marketing.

838
00:20:03,000 --> 00:20:03,600
Right.

839
00:20:03,600 --> 00:20:07,160
It's clear that building a successful business online.

840
00:20:07,160 --> 00:20:07,760
Yeah.

841
00:20:07,760 --> 00:20:10,920
Requires this multifaceted approach.

842
00:20:10,920 --> 00:20:11,440
For sure.

843
00:20:11,440 --> 00:20:12,520
A holistic approach.

844
00:20:12,520 --> 00:20:13,040
Yeah.

845
00:20:13,040 --> 00:20:14,480
But before we wrap up.

846
00:20:14,480 --> 00:20:14,800
OK.

847
00:20:14,800 --> 00:20:17,960
I want to loop back to something that Matt mentioned.

848
00:20:17,960 --> 00:20:19,800
That really piqued my curiosity.

849
00:20:19,800 --> 00:20:20,240
Right.

850
00:20:20,240 --> 00:20:22,280
This idea of passive income.

851
00:20:22,280 --> 00:20:22,720
OK.

852
00:20:22,720 --> 00:20:23,200
Yeah.

853
00:20:23,200 --> 00:20:25,160
He talks about setting up systems.

854
00:20:25,160 --> 00:20:25,720
Right.

855
00:20:25,720 --> 00:20:28,920
That generate income even while you're sleeping.

856
00:20:28,920 --> 00:20:30,040
That's the dream, right?

857
00:20:30,040 --> 00:20:30,280
Yeah.

858
00:20:30,280 --> 00:20:32,400
Is that truly achievable?

859
00:20:32,400 --> 00:20:33,840
That's the million dollar question.

860
00:20:33,840 --> 00:20:36,440
Or is it more of a marketing myth?

861
00:20:36,440 --> 00:20:39,760
You know, while it's certainly possible

862
00:20:39,760 --> 00:20:42,920
to automate certain aspects of your business.

863
00:20:42,920 --> 00:20:43,600
Mm-hmm.

864
00:20:43,600 --> 00:20:45,920
True passivity is often elusive.

865
00:20:45,920 --> 00:20:46,280
OK.

866
00:20:46,280 --> 00:20:49,840
So it's not as simple as just like creating a product,

867
00:20:49,840 --> 00:20:52,560
setting up a YouTube channel, and kicking back on the beach

868
00:20:52,560 --> 00:20:53,840
while the money rolls in.

869
00:20:53,840 --> 00:20:54,520
I wish.

870
00:20:54,520 --> 00:20:55,000
I wish too.

871
00:20:55,000 --> 00:20:55,800
That'd be great.

872
00:20:55,800 --> 00:20:56,160
I know.

873
00:20:56,160 --> 00:20:57,080
It would be nice.

874
00:20:57,080 --> 00:20:58,600
So even with automation.

875
00:20:58,600 --> 00:20:58,840
Yeah.

876
00:20:58,840 --> 00:21:02,960
You still need to like monitor your systems, adapt

877
00:21:02,960 --> 00:21:03,880
to changes.

878
00:21:03,880 --> 00:21:04,280
Yeah.

879
00:21:04,280 --> 00:21:07,800
Continually invest in creating value.

880
00:21:07,800 --> 00:21:08,240
Right.

881
00:21:08,240 --> 00:21:09,160
For your audience.

882
00:21:09,160 --> 00:21:09,360
Yeah.

883
00:21:09,360 --> 00:21:09,920
And nurture it.

884
00:21:09,920 --> 00:21:12,840
So passive income is more of a spectrum.

885
00:21:12,840 --> 00:21:13,280
Yeah.

886
00:21:13,280 --> 00:21:14,200
I think that's a good way to put it.

887
00:21:14,200 --> 00:21:15,480
Than an on off switch.

888
00:21:15,480 --> 00:21:16,040
Exactly.

889
00:21:16,040 --> 00:21:16,520
OK.

890
00:21:16,520 --> 00:21:19,600
You can definitely build systems that free up your time.

891
00:21:19,600 --> 00:21:20,360
Yeah.

892
00:21:20,360 --> 00:21:22,000
And allow you to work less.

893
00:21:22,000 --> 00:21:22,760
Right.

894
00:21:22,760 --> 00:21:26,880
But it's rarely a completely hands off endeavor.

895
00:21:26,880 --> 00:21:27,440
Yeah.

896
00:21:27,440 --> 00:21:30,120
You know, building a sustainable business online.

897
00:21:30,120 --> 00:21:30,680
Right.

898
00:21:30,680 --> 00:21:33,720
Requires ongoing effort and engagement.

899
00:21:33,720 --> 00:21:35,800
It's not about setting it and forgetting it.

900
00:21:35,800 --> 00:21:36,240
Right.

901
00:21:36,240 --> 00:21:36,760
Exactly.

902
00:21:36,760 --> 00:21:39,920
It's about building something you're proud of and nurturing

903
00:21:39,920 --> 00:21:41,200
it over time.

904
00:21:41,200 --> 00:21:41,920
I like that.

905
00:21:41,920 --> 00:21:42,160
OK.

906
00:21:42,160 --> 00:21:46,000
So passive income is more of a goal to strive for.

907
00:21:46,000 --> 00:21:47,040
Than a guarantee.

908
00:21:47,040 --> 00:21:48,160
I think that's a good takeaway.

909
00:21:48,160 --> 00:21:50,160
But if it's not completely passive.

910
00:21:50,160 --> 00:21:50,640
Right.

911
00:21:50,640 --> 00:21:53,480
This idea of building a business that

912
00:21:53,480 --> 00:21:57,800
generates income while you sleep is still pretty alluring.

913
00:21:57,800 --> 00:21:59,200
It's a powerful concept.

914
00:21:59,200 --> 00:22:00,280
Right.

915
00:22:00,280 --> 00:22:00,680
It is.

916
00:22:00,680 --> 00:22:03,760
So as we wrap up this part of our deep dive.

917
00:22:03,760 --> 00:22:04,240
Yeah.

918
00:22:04,240 --> 00:22:05,640
What are some key takeaways.

919
00:22:05,640 --> 00:22:06,040
Yeah.

920
00:22:06,040 --> 00:22:07,720
You'd like to leave our listeners with.

921
00:22:07,720 --> 00:22:09,080
I'd say the most important thing.

922
00:22:09,080 --> 00:22:09,560
OK.

923
00:22:09,560 --> 00:22:12,440
Is to approach this journey with a balance

924
00:22:12,440 --> 00:22:14,480
of enthusiasm and realism.

925
00:22:14,480 --> 00:22:15,800
OK.

926
00:22:15,800 --> 00:22:18,120
Be excited about the possibilities.

927
00:22:18,120 --> 00:22:18,880
Yeah.

928
00:22:18,880 --> 00:22:21,640
But also be prepared to put in the work.

929
00:22:21,640 --> 00:22:22,360
Right.

930
00:22:22,360 --> 00:22:24,280
Don't be afraid to experiment.

931
00:22:24,280 --> 00:22:26,320
But also be willing to pivot.

932
00:22:26,320 --> 00:22:26,880
OK.

933
00:22:26,880 --> 00:22:28,120
If something isn't working.

934
00:22:28,120 --> 00:22:28,480
Right.

935
00:22:28,480 --> 00:22:29,600
Right.

936
00:22:29,600 --> 00:22:33,400
And don't forget to define what success means to you.

937
00:22:33,400 --> 00:22:33,640
Yeah.

938
00:22:33,640 --> 00:22:35,040
It's not just about the money.

939
00:22:35,040 --> 00:22:35,400
Right.

940
00:22:35,400 --> 00:22:37,000
It's about creating a life.

941
00:22:37,000 --> 00:22:37,480
Exactly.

942
00:22:37,480 --> 00:22:41,120
That aligns with your values and aspiration.

943
00:22:41,120 --> 00:22:41,920
Absolutely.

944
00:22:41,920 --> 00:22:45,800
And remember this is a marathon not a sprint.

945
00:22:45,800 --> 00:22:46,920
Oh good one.

946
00:22:46,920 --> 00:22:48,240
Be patient with yourself.

947
00:22:48,240 --> 00:22:50,080
Celebrate your wins.

948
00:22:50,080 --> 00:22:51,720
Learn from your setbacks.

949
00:22:51,720 --> 00:22:52,160
Right.

950
00:22:52,160 --> 00:22:55,640
And never stop learning and growing.

951
00:22:55,640 --> 00:22:56,480
Couldn't agree more.

952
00:22:56,480 --> 00:22:58,000
We've covered a lot of ground.

953
00:22:58,000 --> 00:22:58,400
We have.

954
00:22:58,400 --> 00:23:02,880
In this deep dive into online income generation.

955
00:23:02,880 --> 00:23:03,080
Yeah.

956
00:23:03,080 --> 00:23:04,160
We really explored a lot.

957
00:23:04,160 --> 00:23:07,200
We've explored Matt's three core methods.

958
00:23:07,200 --> 00:23:10,280
Delved into the complexities of running an online business.

959
00:23:10,280 --> 00:23:10,840
Right.

960
00:23:10,840 --> 00:23:13,560
Challenged this notion of passive income.

961
00:23:13,560 --> 00:23:14,080
We did.

962
00:23:14,080 --> 00:23:16,680
But before we wrap things up completely.

963
00:23:16,680 --> 00:23:17,160
OK.

964
00:23:17,160 --> 00:23:18,760
We want to hear from you.

965
00:23:18,760 --> 00:23:23,200
So what are your burning questions about making money online.

966
00:23:23,200 --> 00:23:23,720
Yeah.

967
00:23:23,720 --> 00:23:27,480
What resonates most with your skills and aspirations.

968
00:23:27,480 --> 00:23:29,600
We've explored some pretty intriguing strategies

969
00:23:29,600 --> 00:23:30,560
from Matt's playbook.

970
00:23:30,560 --> 00:23:31,120
Right.

971
00:23:31,120 --> 00:23:32,200
Digital products.

972
00:23:32,200 --> 00:23:34,800
The allure of faceless YouTube automation.

973
00:23:34,800 --> 00:23:35,720
Yeah.

974
00:23:35,720 --> 00:23:37,840
And the potential of affiliate marketing.

975
00:23:37,840 --> 00:23:39,320
It's a lot to absorb.

976
00:23:39,320 --> 00:23:39,840
It is.

977
00:23:39,840 --> 00:23:41,200
So let's take a moment to reflect.

978
00:23:41,200 --> 00:23:41,480
Oh yeah.

979
00:23:41,480 --> 00:23:41,960
Good idea.

980
00:23:41,960 --> 00:23:45,360
It's like we've opened this treasure chest of possibilities.

981
00:23:45,360 --> 00:23:47,600
But now we need to figure out which gems

982
00:23:47,600 --> 00:23:48,880
are the right fit for you.

983
00:23:48,880 --> 00:23:49,640
That's the key.

984
00:23:49,640 --> 00:23:50,480
Yeah.

985
00:23:50,480 --> 00:23:52,840
So think about your own unique skills and passions.

986
00:23:52,840 --> 00:23:53,360
OK.

987
00:23:53,360 --> 00:23:54,720
Are you a natural teacher.

988
00:23:54,720 --> 00:23:55,520
Mm-hmm.

989
00:23:55,520 --> 00:23:59,440
Drawn the idea of creating online courses or workshops.

990
00:23:59,440 --> 00:23:59,880
Right.

991
00:23:59,880 --> 00:24:04,400
Do you have a knack for explaining complex topics.

992
00:24:04,400 --> 00:24:05,080
Yeah.

993
00:24:05,080 --> 00:24:06,880
In a simple engaging way.

994
00:24:06,880 --> 00:24:07,600
Uh-huh.

995
00:24:07,600 --> 00:24:09,880
Perhaps leaning towards that YouTube route.

996
00:24:09,880 --> 00:24:10,760
Right.

997
00:24:10,760 --> 00:24:13,320
Or maybe you're a master networker.

998
00:24:13,320 --> 00:24:14,160
OK.

999
00:24:14,160 --> 00:24:17,400
Always connecting people with the perfect products or services.

1000
00:24:17,400 --> 00:24:18,000
Yeah.

1001
00:24:18,000 --> 00:24:20,040
Affiliate marketing could be your jam.

1002
00:24:20,040 --> 00:24:20,520
Right.

1003
00:24:20,520 --> 00:24:21,120
You know.

1004
00:24:21,120 --> 00:24:22,600
It's all about finding that sweet spot.

1005
00:24:22,600 --> 00:24:22,960
Yeah.

1006
00:24:22,960 --> 00:24:25,800
Where your strengths align with the needs of the market.

1007
00:24:25,800 --> 00:24:26,320
Exactly.

1008
00:24:26,320 --> 00:24:27,360
Like solving a puzzle.

1009
00:24:27,360 --> 00:24:27,800
Mm-hmm.

1010
00:24:27,800 --> 00:24:29,960
Figuring out how all the pieces fit together.

1011
00:24:29,960 --> 00:24:32,200
And remember you don't have to limit yourself

1012
00:24:32,200 --> 00:24:33,280
to just one method.

1013
00:24:33,280 --> 00:24:33,720
Oh.

1014
00:24:33,720 --> 00:24:33,880
OK.

1015
00:24:33,880 --> 00:24:35,040
You can combine them.

1016
00:24:35,040 --> 00:24:35,400
Right.

1017
00:24:35,400 --> 00:24:36,320
Experiment.

1018
00:24:36,320 --> 00:24:37,440
Mm-hmm.

1019
00:24:37,440 --> 00:24:38,720
And see what works best for you.

1020
00:24:38,720 --> 00:24:39,320
OK.

1021
00:24:39,320 --> 00:24:39,720
Yeah.

1022
00:24:39,720 --> 00:24:44,640
For example, imagine creating a digital product.

1023
00:24:44,640 --> 00:24:45,200
OK.

1024
00:24:45,200 --> 00:24:46,040
Like an e-book.

1025
00:24:46,040 --> 00:24:46,680
Mm-hmm.

1026
00:24:46,680 --> 00:24:49,840
And then promoting it through your faceless YouTube channel.

1027
00:24:49,840 --> 00:24:50,400
Right.

1028
00:24:50,400 --> 00:24:53,160
You can even weave in relevant affiliate products.

1029
00:24:53,160 --> 00:24:53,640
Oh.

1030
00:24:53,640 --> 00:24:54,040
OK.

1031
00:24:54,040 --> 00:24:56,040
To create multiple income streams.

1032
00:24:56,040 --> 00:24:58,440
That's what I love about this whole online business world.

1033
00:24:58,440 --> 00:24:58,880
Yeah.

1034
00:24:58,880 --> 00:25:01,000
It's so flexible and adaptable.

1035
00:25:01,000 --> 00:25:01,600
It really is.

1036
00:25:01,600 --> 00:25:03,520
You can really create a business that reflects

1037
00:25:03,520 --> 00:25:06,160
your unique personality and goals.

1038
00:25:06,160 --> 00:25:07,400
Absolutely.

1039
00:25:07,400 --> 00:25:09,160
And remember, this is an ongoing journey.

1040
00:25:09,160 --> 00:25:09,640
Mm-hmm.

1041
00:25:09,640 --> 00:25:12,120
You'll constantly be learning, adapting,

1042
00:25:12,120 --> 00:25:13,400
and refining your approach.

1043
00:25:13,400 --> 00:25:14,080
Right.

1044
00:25:14,080 --> 00:25:16,680
Don't be afraid to pivot if something isn't working.

1045
00:25:16,680 --> 00:25:17,120
OK.

1046
00:25:17,120 --> 00:25:19,720
And always be open to new ideas and strategies.

1047
00:25:19,720 --> 00:25:20,200
Right.

1048
00:25:20,200 --> 00:25:21,360
I think that's important.

1049
00:25:21,360 --> 00:25:23,760
Matt's success story is incredibly inspiring.

1050
00:25:23,760 --> 00:25:24,560
It is.

1051
00:25:24,560 --> 00:25:27,920
But it's important to remember that everyone's path is different.

1052
00:25:27,920 --> 00:25:28,520
Oh, for sure.

1053
00:25:28,520 --> 00:25:32,440
There's no magic formula, no one-size-fits-all solution.

1054
00:25:32,440 --> 00:25:33,000
Yeah.

1055
00:25:33,000 --> 00:25:34,280
You've got to find what works for you.

1056
00:25:34,280 --> 00:25:34,880
Right.

1057
00:25:34,880 --> 00:25:38,800
Success in the online world requires a blend of creativity,

1058
00:25:38,800 --> 00:25:41,760
strategic thinking, and a willingness to hustle.

1059
00:25:41,760 --> 00:25:42,760
Mm-hmm.

1060
00:25:42,760 --> 00:25:45,880
It's about finding your niche, building a loyal audience.

1061
00:25:45,880 --> 00:25:46,360
Right.

1062
00:25:46,360 --> 00:25:48,400
And consistently providing value.

1063
00:25:48,400 --> 00:25:51,480
And it's also about embracing the challenges and setbacks.

1064
00:25:51,480 --> 00:25:51,880
Totally.

1065
00:25:51,880 --> 00:25:54,080
As opportunities for growth.

1066
00:25:54,080 --> 00:25:57,200
Because, let's be real, there will be bumps in the road.

1067
00:25:57,200 --> 00:25:57,680
Oh, yeah.

1068
00:25:57,680 --> 00:26:00,040
But it's how you navigate those bumps that

1069
00:26:00,040 --> 00:26:02,080
truly defines your success.

1070
00:26:02,080 --> 00:26:03,440
That's where mindset comes in.

1071
00:26:03,440 --> 00:26:03,920
OK.

1072
00:26:03,920 --> 00:26:05,960
Building a successful online business

1073
00:26:05,960 --> 00:26:11,720
requires resilience, perseverance, and a belief in yourself

1074
00:26:11,720 --> 00:26:12,560
and your vision.

1075
00:26:12,560 --> 00:26:13,080
Right.

1076
00:26:13,080 --> 00:26:16,040
It's not for the faint of heart, but the rewards

1077
00:26:16,040 --> 00:26:17,320
can be extraordinary.

1078
00:26:17,320 --> 00:26:19,240
So we've covered a lot of ground today.

1079
00:26:19,240 --> 00:26:19,920
We have.

1080
00:26:19,920 --> 00:26:22,400
And I hope you're leaving this deep dive,

1081
00:26:22,400 --> 00:26:27,680
feeling inspired, informed, and ready to take action.

1082
00:26:27,680 --> 00:26:31,320
Remember, the online world is constantly evolving.

1083
00:26:31,320 --> 00:26:32,800
So stay curious.

1084
00:26:32,800 --> 00:26:33,600
Keep learning.

1085
00:26:33,600 --> 00:26:34,160
Yeah.

1086
00:26:34,160 --> 00:26:35,480
And never stop exploring.

1087
00:26:35,480 --> 00:26:36,160
Right.

1088
00:26:36,160 --> 00:26:36,640
Who knows?

1089
00:26:36,640 --> 00:26:39,000
Maybe one day we'll be featuring your success story

1090
00:26:39,000 --> 00:26:39,720
on the deep dive.

1091
00:26:39,720 --> 00:26:40,440
That's awesome.

1092
00:26:40,440 --> 00:26:42,160
Well, thanks for joining us on this deep dive

1093
00:26:42,160 --> 00:26:43,800
into the world of making money online.

1094
00:26:43,800 --> 00:26:44,480
It's been a pleasure.

1095
00:26:44,480 --> 00:26:47,760
Until next time, keep exploring, keep creating.

1096
00:26:47,760 --> 00:26:48,240
Yeah.

1097
00:26:48,240 --> 00:27:06,000
And keep pushing the boundaries of what's possible.

