1 00:00:00,000 --> 00:00:01,480 All right, so get this right. 2 00:00:01,480 --> 00:00:03,880 We're talking about some serious cash today. 3 00:00:03,880 --> 00:00:04,560 Oh, yeah. 4 00:00:04,560 --> 00:00:08,560 Yeah, like potentially making your first $100,000 or more, 5 00:00:08,560 --> 00:00:10,880 we're diving deep into the world of starting 6 00:00:10,880 --> 00:00:14,200 your own business in 2024. 7 00:00:14,200 --> 00:00:17,000 And we always pick the most interesting sources 8 00:00:17,000 --> 00:00:18,200 for these deep dives. 9 00:00:18,200 --> 00:00:19,160 Of course, of course. 10 00:00:19,160 --> 00:00:21,280 Well, this time around, it's all based on insights 11 00:00:21,280 --> 00:00:22,480 from Sarah Finance. 12 00:00:22,480 --> 00:00:23,360 Oh, I've heard of her. 13 00:00:23,360 --> 00:00:26,000 Yeah, super successful entrepreneur, 14 00:00:26,000 --> 00:00:27,960 and she actually laid out her top five 15 00:00:27,960 --> 00:00:30,320 picks for businesses to start. 16 00:00:30,320 --> 00:00:32,720 In a YouTube video, and get this, 17 00:00:32,720 --> 00:00:37,720 she's making over $72,000 a month from these businesses. 18 00:00:37,720 --> 00:00:38,760 Wow, that's impressive. 19 00:00:38,760 --> 00:00:40,080 I know, right? 20 00:00:40,080 --> 00:00:42,000 So what's fascinating is Sarah is all 21 00:00:42,000 --> 00:00:45,120 about leveraging the power of AI and the internet 22 00:00:45,120 --> 00:00:46,360 for these businesses. 23 00:00:46,360 --> 00:00:48,600 And she even suggests that this kind of opportunity, 24 00:00:48,600 --> 00:00:50,520 like it might be fleeting, you know? 25 00:00:50,520 --> 00:00:51,080 Oh, interesting. 26 00:00:51,080 --> 00:00:52,840 Almost like a golden age. 27 00:00:52,840 --> 00:00:54,480 That won't last forever. 28 00:00:54,480 --> 00:00:55,560 That's a bold statement. 29 00:00:55,560 --> 00:00:56,200 It is, right. 30 00:00:56,200 --> 00:00:59,040 So the pressure's on, she's making bank. 31 00:00:59,040 --> 00:01:00,680 But is it replicable, right? 32 00:01:00,680 --> 00:01:02,400 That's the big question. 33 00:01:02,400 --> 00:01:05,000 So let's unpack her top five business ideas 34 00:01:05,000 --> 00:01:06,240 and see what's what. 35 00:01:06,240 --> 00:01:07,160 Sounds good to me. 36 00:01:07,160 --> 00:01:10,640 OK, so first up is content creation. 37 00:01:10,640 --> 00:01:12,360 This is Sarah's absolute favorite. 38 00:01:12,360 --> 00:01:13,880 This is her top pick. 39 00:01:13,880 --> 00:01:18,280 And she pulls in over $50,000 a month from it. 40 00:01:18,280 --> 00:01:20,080 Wow, so she's really putting her money 41 00:01:20,080 --> 00:01:21,560 where her mouth is on this one. 42 00:01:21,560 --> 00:01:22,280 She is. 43 00:01:22,280 --> 00:01:22,800 OK. 44 00:01:22,800 --> 00:01:25,720 But is that realistic for someone starting from scratch? 45 00:01:25,720 --> 00:01:27,560 That's the beauty of it, right? 46 00:01:27,560 --> 00:01:31,200 Content creation is so beginner-friendly. 47 00:01:31,200 --> 00:01:31,880 Think about it. 48 00:01:31,880 --> 00:01:33,680 No upfront costs. 49 00:01:33,680 --> 00:01:36,720 You could work from home in your pajamas if you want to. 50 00:01:36,720 --> 00:01:41,000 And the income potential is hugey-y. 51 00:01:41,000 --> 00:01:43,520 I mean, look at people like Mr. Beast, Graham Stephan. 52 00:01:43,520 --> 00:01:44,280 Oh, yeah, yeah. 53 00:01:44,280 --> 00:01:48,200 They built massive empires starting as content creators. 54 00:01:48,200 --> 00:01:48,760 Yeah. 55 00:01:48,760 --> 00:01:50,520 And it's like, if you're already scrolling through TikTok 56 00:01:50,520 --> 00:01:53,680 and Instagram anyway, it's not that big of a leap 57 00:01:53,680 --> 00:01:55,440 to start creating your own content, right? 58 00:01:55,440 --> 00:01:55,920 Totally. 59 00:01:55,920 --> 00:01:58,560 But how do you actually make money doing this? 60 00:01:58,560 --> 00:01:59,920 That's the million-dollar question. 61 00:01:59,920 --> 00:02:00,360 It is. 62 00:02:00,360 --> 00:02:01,840 Well, Sarah mentions a couple of books 63 00:02:01,840 --> 00:02:04,280 that I'm guessing are probably a good place to start. 64 00:02:04,280 --> 00:02:07,680 Have you heard of Show Your Work by Austin Cleon? 65 00:02:07,680 --> 00:02:08,160 Yes. 66 00:02:08,160 --> 00:02:10,240 And this is Marketing by Seth Godin. 67 00:02:10,240 --> 00:02:11,880 Yeah, I have those on my shelf. 68 00:02:11,880 --> 00:02:12,320 Oh, nice. 69 00:02:12,320 --> 00:02:13,200 Have you checked them out? 70 00:02:13,200 --> 00:02:14,560 I have, yeah. 71 00:02:14,560 --> 00:02:20,280 Show Your Work, it's really great for getting over that fear 72 00:02:20,280 --> 00:02:21,720 of putting yourself out there. 73 00:02:21,720 --> 00:02:22,040 Right. 74 00:02:22,040 --> 00:02:25,080 Cleon's whole thing is that sharing your process 75 00:02:25,080 --> 00:02:26,880 can actually attract an audience. 76 00:02:26,880 --> 00:02:27,840 Oh, interesting. 77 00:02:27,840 --> 00:02:29,320 Even the messy parts. 78 00:02:29,320 --> 00:02:29,600 OK. 79 00:02:29,600 --> 00:02:31,520 And then this is marketing. 80 00:02:31,520 --> 00:02:34,960 It's more about the strategy behind connecting 81 00:02:34,960 --> 00:02:37,480 with your audience, offering them genuine value, 82 00:02:37,480 --> 00:02:38,440 that kind of thing. 83 00:02:38,440 --> 00:02:42,080 So it's not just about making funny videos or whatever. 84 00:02:42,080 --> 00:02:42,400 Right. 85 00:02:42,400 --> 00:02:45,920 It's about understanding your audience and building a brand. 86 00:02:45,920 --> 00:02:46,560 Exactly. 87 00:02:46,560 --> 00:02:47,120 OK. 88 00:02:47,120 --> 00:02:51,080 Now, in terms of the actual content, 89 00:02:51,080 --> 00:02:56,000 Sarah suggests starting with short form videos on platforms 90 00:02:56,000 --> 00:03:00,360 like TikTok, Instagram Reels, Pinterest. 91 00:03:00,360 --> 00:03:01,120 Pinterest too. 92 00:03:01,120 --> 00:03:01,720 OK. 93 00:03:01,720 --> 00:03:02,680 Yeah, definitely. 94 00:03:02,680 --> 00:03:06,080 Think bite-sized, attention-grabbing stuff. 95 00:03:06,080 --> 00:03:08,000 Then once you've built a following, 96 00:03:08,000 --> 00:03:10,880 you could explore longer form YouTube videos. 97 00:03:10,880 --> 00:03:11,360 Got it. 98 00:03:11,360 --> 00:03:13,600 So short form first, long form later. 99 00:03:13,600 --> 00:03:15,800 But there's that age-old question. 100 00:03:15,800 --> 00:03:16,200 What's that? 101 00:03:16,200 --> 00:03:18,120 Do you have to show your face? 102 00:03:18,120 --> 00:03:20,280 Oh, that's a great question. 103 00:03:20,280 --> 00:03:21,760 It's something a lot of people struggle with. 104 00:03:21,760 --> 00:03:22,160 Yeah. 105 00:03:22,160 --> 00:03:22,680 You know? 106 00:03:22,680 --> 00:03:25,560 And Sarah actually emphasizes that showing your face 107 00:03:25,560 --> 00:03:28,200 can significantly boost your audience growth. 108 00:03:28,200 --> 00:03:29,160 Oh, really? 109 00:03:29,160 --> 00:03:29,520 Yeah. 110 00:03:29,520 --> 00:03:30,800 People connect with faces. 111 00:03:30,800 --> 00:03:31,960 Yeah, that makes sense. 112 00:03:31,960 --> 00:03:32,800 It's just natural. 113 00:03:32,800 --> 00:03:33,720 Yeah. 114 00:03:33,720 --> 00:03:36,200 But then on the flip side, you're losing a lot of anonymity. 115 00:03:36,200 --> 00:03:36,680 Right. 116 00:03:36,680 --> 00:03:37,640 So it's a trade-off. 117 00:03:37,640 --> 00:03:39,280 Definitely a trade-off to consider. 118 00:03:39,280 --> 00:03:39,960 Yeah. 119 00:03:39,960 --> 00:03:42,120 But let's get to the good stuff, the money. 120 00:03:42,120 --> 00:03:43,320 OK, yeah. 121 00:03:43,320 --> 00:03:46,680 How do content creators actually get paid? 122 00:03:46,680 --> 00:03:49,800 So there are a few main avenues for this. 123 00:03:49,800 --> 00:03:54,240 One is becoming an affiliate for products or services 124 00:03:54,240 --> 00:03:54,960 that you love. 125 00:03:54,960 --> 00:03:55,400 OK. 126 00:03:55,400 --> 00:03:58,440 So you're basically promoting other people's stuff 127 00:03:58,440 --> 00:04:01,280 and earning a commission on any sales that you drive. 128 00:04:01,280 --> 00:04:02,000 Right, right. 129 00:04:02,000 --> 00:04:04,440 You can also secure sponsorships from brands. 130 00:04:04,440 --> 00:04:05,000 Oh, OK. 131 00:04:05,000 --> 00:04:06,960 Who want to reach your audience. 132 00:04:06,960 --> 00:04:09,240 And then, of course, if you're on YouTube, there's ad revenue. 133 00:04:09,240 --> 00:04:10,280 Oh, yeah, yeah. 134 00:04:10,280 --> 00:04:11,440 Which can be pretty lucrative. 135 00:04:11,440 --> 00:04:13,880 So there's potential to make money in multiple ways. 136 00:04:13,880 --> 00:04:14,560 Exactly. 137 00:04:14,560 --> 00:04:17,520 That's one of the things that makes content creation so appealing. 138 00:04:17,520 --> 00:04:18,440 That's pretty cool. 139 00:04:18,440 --> 00:04:24,080 OK, so on to business idea number two, Amazon products. 140 00:04:24,080 --> 00:04:26,000 This is where things get a little tricky, right? 141 00:04:26,000 --> 00:04:27,320 Yeah, potentially. 142 00:04:27,320 --> 00:04:30,880 Because I know Sarah mentioned she hasn't personally made money 143 00:04:30,880 --> 00:04:34,160 from the traditional Amazon FBA route. 144 00:04:34,160 --> 00:04:35,080 Right. 145 00:04:35,080 --> 00:04:36,960 Just to clarify for our listeners, 146 00:04:36,960 --> 00:04:39,880 FBA stands for fulfillment by Amazon. 147 00:04:39,880 --> 00:04:40,440 Yes. 148 00:04:40,440 --> 00:04:42,680 Which is where you basically send your products 149 00:04:42,680 --> 00:04:45,520 to Amazon's warehouses. 150 00:04:45,520 --> 00:04:48,080 And they handle all the storage and shipping 151 00:04:48,080 --> 00:04:49,960 and customer service. 152 00:04:49,960 --> 00:04:50,360 Right. 153 00:04:50,360 --> 00:04:51,600 It's a huge industry. 154 00:04:51,600 --> 00:04:52,360 Don't get me wrong. 155 00:04:52,360 --> 00:04:55,560 But Sarah points out that it can be quite complex. 156 00:04:55,560 --> 00:04:56,040 Oh, yeah. 157 00:04:56,040 --> 00:04:58,360 And competitive, especially for beginners. 158 00:04:58,360 --> 00:04:59,440 For sure, especially now. 159 00:04:59,440 --> 00:05:00,160 Yeah. 160 00:05:00,160 --> 00:05:01,560 So what's the alternative? 161 00:05:01,560 --> 00:05:05,480 So she recommends starting with something called Amazon KDP. 162 00:05:05,480 --> 00:05:06,680 KDP, OK. 163 00:05:06,680 --> 00:05:08,880 Which stands for Kindle Direct Publishing. 164 00:05:08,880 --> 00:05:09,720 Oh, got it. 165 00:05:09,720 --> 00:05:11,600 This is all about selling digital products. 166 00:05:11,600 --> 00:05:11,960 OK. 167 00:05:11,960 --> 00:05:13,840 Specifically low content books. 168 00:05:13,840 --> 00:05:16,840 Things like journals and planners and notebooks. 169 00:05:16,840 --> 00:05:18,920 The beauty of it is you don't have 170 00:05:18,920 --> 00:05:21,000 to deal with any physical inventory. 171 00:05:21,000 --> 00:05:21,800 Right. 172 00:05:21,800 --> 00:05:23,120 Amazon handles everything. 173 00:05:23,120 --> 00:05:23,400 OK. 174 00:05:23,400 --> 00:05:25,400 So no warehouses full of journals. 175 00:05:25,400 --> 00:05:26,040 Exactly. 176 00:05:26,040 --> 00:05:26,720 Gotcha. 177 00:05:26,720 --> 00:05:28,400 But there's got to be a downside, right? 178 00:05:28,400 --> 00:05:28,680 Well. 179 00:05:28,680 --> 00:05:29,840 It can't be that easy. 180 00:05:29,840 --> 00:05:30,200 You're right. 181 00:05:30,200 --> 00:05:30,840 There is a catch. 182 00:05:30,840 --> 00:05:31,680 OK. 183 00:05:31,680 --> 00:05:34,480 The digital product market on Amazon 184 00:05:34,480 --> 00:05:36,920 is incredibly saturated. 185 00:05:36,920 --> 00:05:38,080 Oh, OK. 186 00:05:38,080 --> 00:05:42,880 You need a seriously top notch product 187 00:05:42,880 --> 00:05:45,640 and a solid marketing strategy. 188 00:05:45,640 --> 00:05:47,600 If you really want to stand out from the crowd. 189 00:05:47,600 --> 00:05:51,120 So maybe not the best option for a complete newbie. 190 00:05:51,120 --> 00:05:52,200 Potentially not. 191 00:05:52,200 --> 00:05:52,920 Yeah. 192 00:05:52,920 --> 00:05:55,240 Maybe you need some experience selling on Amazon first. 193 00:05:55,240 --> 00:05:55,600 Yeah. 194 00:05:55,600 --> 00:05:56,600 That's something to consider. 195 00:05:56,600 --> 00:05:57,120 Right. 196 00:05:57,120 --> 00:05:57,640 Definitely. 197 00:05:57,640 --> 00:05:59,440 I mean, think about your strengths and comfort level. 198 00:05:59,440 --> 00:05:59,840 OK. 199 00:05:59,840 --> 00:06:01,680 Before jumping into this one. 200 00:06:01,680 --> 00:06:05,120 Do you have a knack for design and eye for what sells? 201 00:06:05,120 --> 00:06:05,600 OK. 202 00:06:05,600 --> 00:06:06,040 All right. 203 00:06:06,040 --> 00:06:08,280 So let's move on to business idea number three. 204 00:06:08,280 --> 00:06:08,800 OK. 205 00:06:08,800 --> 00:06:10,600 Shopify dropshipping. 206 00:06:10,600 --> 00:06:10,920 All right. 207 00:06:10,920 --> 00:06:12,800 Now this one's all about building a brand, right? 208 00:06:12,800 --> 00:06:13,720 Exactly. 209 00:06:13,720 --> 00:06:16,960 With dropshipping, you create your own custom Shopify 210 00:06:16,960 --> 00:06:19,360 website to showcase your products. 211 00:06:19,360 --> 00:06:20,800 But here's the kicker. 212 00:06:20,800 --> 00:06:23,200 You don't actually hold any inventory yourself. 213 00:06:23,200 --> 00:06:24,040 Oh, OK. 214 00:06:24,040 --> 00:06:27,640 You partner with suppliers who handle the storage and shipping. 215 00:06:27,640 --> 00:06:27,960 OK. 216 00:06:27,960 --> 00:06:28,520 Interesting. 217 00:06:28,520 --> 00:06:29,800 Directly to your customers. 218 00:06:29,800 --> 00:06:31,640 So I'm the face of the brand. 219 00:06:31,640 --> 00:06:32,160 Yes. 220 00:06:32,160 --> 00:06:36,200 But someone else is doing all the heavy lifting 221 00:06:36,200 --> 00:06:37,080 behind the scenes. 222 00:06:37,080 --> 00:06:37,600 Exactly. 223 00:06:37,600 --> 00:06:38,600 What's the catch? 224 00:06:38,600 --> 00:06:43,520 Well, one potential downside is dropshipping 225 00:06:43,520 --> 00:06:45,800 often requires a bit of an upfront investment. 226 00:06:45,800 --> 00:06:46,320 OK. 227 00:06:46,320 --> 00:06:48,720 You'll need to pay for your Shopify website, 228 00:06:48,720 --> 00:06:50,560 potentially some marketing costs, 229 00:06:50,560 --> 00:06:53,320 maybe even a few hundred dollars to test different products. 230 00:06:53,320 --> 00:06:55,920 So not entirely free content creation. 231 00:06:55,920 --> 00:06:56,280 Right. 232 00:06:56,280 --> 00:06:56,960 Yeah. 233 00:06:56,960 --> 00:07:01,040 But it's still relatively low risk compared to, say, 234 00:07:01,040 --> 00:07:02,440 opening a brick and mortar store. 235 00:07:02,440 --> 00:07:03,000 Well, for sure. 236 00:07:03,000 --> 00:07:03,720 Much lower risk. 237 00:07:03,720 --> 00:07:04,120 Yeah. 238 00:07:04,120 --> 00:07:05,240 OK. 239 00:07:05,240 --> 00:07:10,280 What does Sarah say is the key to long term success 240 00:07:10,280 --> 00:07:11,480 with dropshipping? 241 00:07:11,480 --> 00:07:15,400 She stresses the importance of finding a truly great product 242 00:07:15,400 --> 00:07:16,800 that you genuinely believe in. 243 00:07:16,800 --> 00:07:17,360 Right. 244 00:07:17,360 --> 00:07:21,120 It could be tempting to just chase the latest trends. 245 00:07:21,120 --> 00:07:25,360 But she says focusing on one high quality product, 246 00:07:25,360 --> 00:07:28,000 that solves a real problem, is the way to go. 247 00:07:28,000 --> 00:07:30,960 She even gave an example of a facial razor. 248 00:07:30,960 --> 00:07:31,440 Oh, yeah. 249 00:07:31,440 --> 00:07:33,240 That went viral on TikTok, right? 250 00:07:33,240 --> 00:07:36,040 Which led to tons of sales for dropshippers 251 00:07:36,040 --> 00:07:37,360 who are selling it. 252 00:07:37,360 --> 00:07:40,840 So it sounds like, again, content creation skills 253 00:07:40,840 --> 00:07:42,720 can be a huge advantage here, too. 254 00:07:42,720 --> 00:07:43,280 Absolutely. 255 00:07:43,280 --> 00:07:44,920 And that's something we're seeing across the board 256 00:07:44,920 --> 00:07:46,320 with all these online businesses. 257 00:07:46,320 --> 00:07:47,000 Right. 258 00:07:47,000 --> 00:07:49,320 They often work best in synergy with each other. 259 00:07:49,320 --> 00:07:49,920 Interesting. 260 00:07:49,920 --> 00:07:53,240 It's like a web of entrepreneurial opportunities. 261 00:07:53,240 --> 00:07:53,800 Totally. 262 00:07:53,800 --> 00:07:56,160 But here's a question that keeps popping into my head. 263 00:07:56,160 --> 00:07:56,720 OK. 264 00:07:56,720 --> 00:08:00,080 Is dropshipping truly sustainable? 265 00:08:00,080 --> 00:08:02,560 Or are you just setting yourself up for disappointment 266 00:08:02,560 --> 00:08:04,320 when the next product fad comes along? 267 00:08:04,320 --> 00:08:05,800 That's the million dollar question. 268 00:08:05,800 --> 00:08:06,240 Right. 269 00:08:06,240 --> 00:08:08,480 And it's something we should definitely explore further. 270 00:08:08,480 --> 00:08:08,760 OK. 271 00:08:08,760 --> 00:08:11,720 So we've covered content creation, selling on Amazon, 272 00:08:11,720 --> 00:08:14,720 dropshipping, all of which have the potential 273 00:08:14,720 --> 00:08:17,640 to bring in some serious cash. 274 00:08:17,640 --> 00:08:18,760 Yeah, for sure. 275 00:08:18,760 --> 00:08:21,800 But I'm curious about this passive income aspect 276 00:08:21,800 --> 00:08:22,720 that Sarah mentioned. 277 00:08:22,720 --> 00:08:23,240 Oh, right. 278 00:08:23,240 --> 00:08:25,280 Is that something that's achievable with any 279 00:08:25,280 --> 00:08:26,360 of these businesses? 280 00:08:26,360 --> 00:08:27,440 Absolutely. 281 00:08:27,440 --> 00:08:31,400 And that leads us perfectly to our next business idea, 282 00:08:31,400 --> 00:08:33,000 Pinterest affiliate marketing. 283 00:08:33,000 --> 00:08:33,640 OK. 284 00:08:33,640 --> 00:08:36,880 This is where Sarah really highlights that potential 285 00:08:36,880 --> 00:08:38,160 to earn while you sleep. 286 00:08:38,160 --> 00:08:38,880 Wait, hold up. 287 00:08:38,880 --> 00:08:42,560 She's making over $15,000 a month just from Pinterest? 288 00:08:42,560 --> 00:08:43,920 Yep. 289 00:08:43,920 --> 00:08:45,120 I'm all ears. 290 00:08:45,120 --> 00:08:47,720 But I'll admit, I'm a little fuzzy on how affiliate marketing 291 00:08:47,720 --> 00:08:48,800 actually works. 292 00:08:48,800 --> 00:08:49,400 OK, yeah. 293 00:08:49,400 --> 00:08:51,600 Can you break that down for me and for our listener? 294 00:08:51,600 --> 00:08:52,600 Sure, sure. 295 00:08:52,600 --> 00:08:54,200 Think of it this way. 296 00:08:54,200 --> 00:08:56,080 You're basically a matchmaker, right? 297 00:08:56,080 --> 00:08:56,680 OK. 298 00:08:56,680 --> 00:09:00,240 Connecting people with products or services that they'll love. 299 00:09:00,240 --> 00:09:03,760 You find companies that offer affiliate programs, 300 00:09:03,760 --> 00:09:06,560 which means they'll give you a unique link to share. 301 00:09:06,560 --> 00:09:09,440 And then when someone clicks your link and makes a purchase, 302 00:09:09,440 --> 00:09:10,280 you get a commission. 303 00:09:10,280 --> 00:09:10,920 Oh, OK. 304 00:09:10,920 --> 00:09:12,320 It's like getting a finder's fee. 305 00:09:12,320 --> 00:09:12,680 Right. 306 00:09:12,680 --> 00:09:14,120 For recommending awesome stuff. 307 00:09:14,120 --> 00:09:14,640 Got it. 308 00:09:14,640 --> 00:09:16,280 OK, so where does Pinterest come in? 309 00:09:16,280 --> 00:09:16,920 Right. 310 00:09:16,920 --> 00:09:20,640 I thought that was just for recipes and DIY projects. 311 00:09:20,640 --> 00:09:22,080 Right, so a lot of people think that. 312 00:09:22,080 --> 00:09:26,000 But Pinterest is actually a visual search engine. 313 00:09:26,000 --> 00:09:27,120 Oh, OK. 314 00:09:27,120 --> 00:09:29,880 And it's a gold mine for affiliate marketing. 315 00:09:29,880 --> 00:09:30,760 Interesting. 316 00:09:30,760 --> 00:09:34,920 Yeah, people go to Pinterest to discover new ideas, new products. 317 00:09:34,920 --> 00:09:35,480 OK. 318 00:09:35,480 --> 00:09:39,360 So it's the perfect place to showcase those affiliate links. 319 00:09:39,360 --> 00:09:40,840 So walk me through the steps here. 320 00:09:40,840 --> 00:09:43,720 Let's say I want to give this Pinterest affiliate marketing 321 00:09:43,720 --> 00:09:44,840 thing a shot. 322 00:09:44,840 --> 00:09:45,080 OK. 323 00:09:45,080 --> 00:09:46,040 What do I do? 324 00:09:46,040 --> 00:09:48,440 All right, so first things first. 325 00:09:48,440 --> 00:09:50,000 You need to choose a niche. 326 00:09:50,000 --> 00:09:50,960 OK. 327 00:09:50,960 --> 00:09:52,800 What are you passionate about? 328 00:09:52,800 --> 00:09:54,240 What do you know a lot about? 329 00:09:54,240 --> 00:09:54,600 Right. 330 00:09:54,600 --> 00:09:59,240 It could be anything from fitness to fashion to travel. 331 00:09:59,240 --> 00:09:59,600 You know? 332 00:09:59,600 --> 00:10:00,160 Got it. 333 00:10:00,160 --> 00:10:02,280 Niche first, then what? 334 00:10:02,280 --> 00:10:05,560 Then you find affiliate programs that align with your niche. 335 00:10:05,560 --> 00:10:08,720 There are tons of websites that connect you 336 00:10:08,720 --> 00:10:12,480 with companies that offer these programs. 337 00:10:12,480 --> 00:10:15,520 Impact.com, click bank, or a couple of examples. 338 00:10:15,520 --> 00:10:16,120 OK. 339 00:10:16,120 --> 00:10:18,280 You can browse through different categories, 340 00:10:18,280 --> 00:10:21,640 find products or services that you genuinely believe in, 341 00:10:21,640 --> 00:10:23,120 and that you would recommend to your audience. 342 00:10:23,120 --> 00:10:23,800 OK. 343 00:10:23,800 --> 00:10:25,280 So I've got my niche. 344 00:10:25,280 --> 00:10:28,200 I've found some awesome affiliate products. 345 00:10:28,200 --> 00:10:29,400 Now what? 346 00:10:29,400 --> 00:10:32,400 How do I actually get people to click on my links? 347 00:10:32,400 --> 00:10:34,680 Right, so that's where the magic of Pinterest comes in. 348 00:10:34,680 --> 00:10:35,280 OK. 349 00:10:35,280 --> 00:10:39,000 You create engaging pins, which are basically 350 00:10:39,000 --> 00:10:44,560 visually appealing images or videos that showcase the products 351 00:10:44,560 --> 00:10:46,280 and link back to your affiliate links. 352 00:10:46,280 --> 00:10:48,880 So it's all about creating eye-catching content, 353 00:10:48,880 --> 00:10:51,080 kind of like with content creation in general. 354 00:10:51,080 --> 00:10:51,880 Exactly. 355 00:10:51,880 --> 00:10:52,640 Exactly. 356 00:10:52,640 --> 00:10:54,600 And here's where Pinterest gets really interesting. 357 00:10:54,600 --> 00:10:55,720 OK. 358 00:10:55,720 --> 00:10:58,080 You don't necessarily have to show your face 359 00:10:58,080 --> 00:10:59,280 if you're not comfortable with that. 360 00:10:59,280 --> 00:10:59,760 Right. 361 00:10:59,760 --> 00:11:01,840 You can create beautiful graphics, 362 00:11:01,840 --> 00:11:06,400 find stunning stock photos, or even use video clips 363 00:11:06,400 --> 00:11:07,920 without ever being on camera. 364 00:11:07,920 --> 00:11:09,800 Ooh, that's a game changer for people 365 00:11:09,800 --> 00:11:10,920 who value their privacy. 366 00:11:10,920 --> 00:11:11,320 Right. 367 00:11:11,320 --> 00:11:11,920 Yeah. 368 00:11:11,920 --> 00:11:13,960 But how do you make sure your pins actually 369 00:11:13,960 --> 00:11:15,800 get seen by people? 370 00:11:15,800 --> 00:11:16,400 Right. 371 00:11:16,400 --> 00:11:19,000 So Sarah recommends posting consistently. 372 00:11:19,000 --> 00:11:19,720 OK. 373 00:11:19,720 --> 00:11:22,600 She aims for three to five pins per day. 374 00:11:22,600 --> 00:11:23,960 Wow, that's a lot. 375 00:11:23,960 --> 00:11:24,840 It is. 376 00:11:24,840 --> 00:11:28,040 And you can also use relevant keywords in your pin 377 00:11:28,040 --> 00:11:30,480 descriptions to help people find your content. 378 00:11:30,480 --> 00:11:33,160 Oh, so like SEO for Pinterest. 379 00:11:33,160 --> 00:11:33,920 Exactly. 380 00:11:33,920 --> 00:11:34,240 Yeah. 381 00:11:34,240 --> 00:11:36,120 It's all about making it easy for people to find you. 382 00:11:36,120 --> 00:11:38,360 OK, so consistency is key. 383 00:11:38,360 --> 00:11:43,360 But is there anything else I can do to boost my chances of success? 384 00:11:43,360 --> 00:11:46,720 Well, if you're really serious about making this work, 385 00:11:46,720 --> 00:11:49,280 Sarah offers a dedicated course that 386 00:11:49,280 --> 00:11:52,280 dyes deep into her Pinterest affiliate marketing strategy. 387 00:11:52,280 --> 00:11:52,960 Oh, I got it. 388 00:11:52,960 --> 00:11:55,280 We'll be sure to include a link to that in the show notes. 389 00:11:55,280 --> 00:11:55,680 Awesome. 390 00:11:55,680 --> 00:11:56,800 I'll definitely check that out. 391 00:11:56,800 --> 00:11:57,520 Yeah, for sure. 392 00:11:57,520 --> 00:12:00,320 So to recap, Pinterest affiliate marketing 393 00:12:00,320 --> 00:12:04,800 is all about choosing a niche, finding affiliate products, 394 00:12:04,800 --> 00:12:08,640 creating beautiful tins, posting consistently, 395 00:12:08,640 --> 00:12:10,200 driving traffic to your lengths. 396 00:12:10,200 --> 00:12:11,080 Did I miss anything? 397 00:12:11,080 --> 00:12:12,120 Nope, you got it. 398 00:12:12,120 --> 00:12:14,520 And the best part is, once you've set up your pins, 399 00:12:14,520 --> 00:12:17,000 they can continue to generate passive income for you. 400 00:12:17,000 --> 00:12:17,760 Wait, really? 401 00:12:17,760 --> 00:12:18,120 Yeah. 402 00:12:18,120 --> 00:12:20,520 So I could be earning money even while I'm sleeping 403 00:12:20,520 --> 00:12:22,720 or on vacation or? 404 00:12:22,720 --> 00:12:23,560 Exactly. 405 00:12:23,560 --> 00:12:24,800 Well, you get the idea. 406 00:12:24,800 --> 00:12:26,400 That's the beauty of passive income. 407 00:12:26,400 --> 00:12:27,040 Right. 408 00:12:27,040 --> 00:12:28,760 And it's why Pinterest affiliate marketing 409 00:12:28,760 --> 00:12:31,720 is such an attractive option for so many people. 410 00:12:31,720 --> 00:12:33,840 It's relatively easy to start. 411 00:12:33,840 --> 00:12:36,080 It doesn't require any upfront investment. 412 00:12:36,080 --> 00:12:38,920 And it has the potential to scale up significantly. 413 00:12:38,920 --> 00:12:39,200 Yeah. 414 00:12:39,200 --> 00:12:41,040 OK, I'm definitely adding this to my list 415 00:12:41,040 --> 00:12:42,480 of potential business ventures. 416 00:12:42,480 --> 00:12:43,320 I think you should. 417 00:12:43,320 --> 00:12:44,040 All right. 418 00:12:44,040 --> 00:12:46,640 Now we've got one more business idea 419 00:12:46,640 --> 00:12:48,320 to cover rental properties. 420 00:12:48,320 --> 00:12:49,200 OK. 421 00:12:49,200 --> 00:12:51,720 This one seems a little different from the others. 422 00:12:51,720 --> 00:12:55,680 It feels more traditional, less online business. 423 00:12:55,680 --> 00:12:56,200 You're right. 424 00:12:56,200 --> 00:12:57,760 It is a bit different. 425 00:12:57,760 --> 00:13:00,960 And while Sarah has found incredible success 426 00:13:00,960 --> 00:13:04,520 with rental properties, she owns three town homes that 427 00:13:04,520 --> 00:13:07,320 bring in a whopping $7,700 a month. 428 00:13:07,320 --> 00:13:08,160 Wow. 429 00:13:08,160 --> 00:13:10,600 It's not necessarily the most beginner-friendly option. 430 00:13:10,600 --> 00:13:11,720 Yeah, I was going to say you usually 431 00:13:11,720 --> 00:13:14,280 need a good chunk of change to get started with real estate, 432 00:13:14,280 --> 00:13:14,400 right? 433 00:13:14,400 --> 00:13:14,880 Exactly. 434 00:13:14,880 --> 00:13:18,160 Not exactly something you can do with like $0 435 00:13:18,160 --> 00:13:18,960 in your bank account. 436 00:13:18,960 --> 00:13:19,920 Right, right. 437 00:13:19,920 --> 00:13:22,520 But Sarah does point out the power of leverage. 438 00:13:22,520 --> 00:13:23,280 OK. 439 00:13:23,280 --> 00:13:27,160 Basically, you can use a bank loan to buy a property 440 00:13:27,160 --> 00:13:30,720 and then use the rental income to cover the mortgage payments. 441 00:13:30,720 --> 00:13:31,760 OK, that makes sense. 442 00:13:31,760 --> 00:13:34,640 So I'm using the bank's money to build wealth for myself. 443 00:13:34,640 --> 00:13:35,280 Exactly. 444 00:13:35,280 --> 00:13:36,600 Clever. 445 00:13:36,600 --> 00:13:38,840 But it still sounds pretty risky, though, right? 446 00:13:38,840 --> 00:13:39,200 Yeah. 447 00:13:39,200 --> 00:13:41,520 What if you can't find tenants or the property 448 00:13:41,520 --> 00:13:43,240 needs expensive repairs? 449 00:13:43,240 --> 00:13:43,680 Right. 450 00:13:43,680 --> 00:13:45,960 There are definitely risks involved. 451 00:13:45,960 --> 00:13:47,400 It's important to do your research 452 00:13:47,400 --> 00:13:49,320 and really understand the responsibilities 453 00:13:49,320 --> 00:13:51,200 of being a landlord. 454 00:13:51,200 --> 00:13:53,560 But if you choose your properties wisely 455 00:13:53,560 --> 00:13:55,440 and you manage them effectively, 456 00:13:55,440 --> 00:13:57,600 rental properties can be a fantastic way 457 00:13:57,600 --> 00:13:59,080 to build long-term wealth. 458 00:13:59,080 --> 00:14:01,680 So it's more of a long game, not a quick way to make a buck. 459 00:14:01,680 --> 00:14:02,080 Right. 460 00:14:02,080 --> 00:14:03,280 OK. 461 00:14:03,280 --> 00:14:06,080 What does Sarah recommend for people who are interested 462 00:14:06,080 --> 00:14:10,520 in real estate but don't have a ton of capital to start with? 463 00:14:10,520 --> 00:14:12,440 She suggests building capital through one 464 00:14:12,440 --> 00:14:14,240 of the other business models that we discussed. 465 00:14:14,240 --> 00:14:14,960 Oh, OK. 466 00:14:14,960 --> 00:14:18,000 Like content creation, affiliate marketing, even drop 467 00:14:18,000 --> 00:14:19,040 shipping. 468 00:14:19,040 --> 00:14:21,560 Once you've generated some income and savings, 469 00:14:21,560 --> 00:14:24,040 then you can explore investing in rental properties. 470 00:14:24,040 --> 00:14:24,540 OK. 471 00:14:24,540 --> 00:14:26,520 So it's not an either situation. 472 00:14:26,520 --> 00:14:27,020 Right. 473 00:14:27,020 --> 00:14:28,840 You can actually use these online businesses 474 00:14:28,840 --> 00:14:31,360 to fund your real estate goals. 475 00:14:31,360 --> 00:14:32,120 Exactly. 476 00:14:32,120 --> 00:14:33,760 That's a really interesting perspective. 477 00:14:33,760 --> 00:14:35,480 I like how all these ideas are starting 478 00:14:35,480 --> 00:14:37,040 to connect and overlap. 479 00:14:37,040 --> 00:14:41,000 It's amazing how these different business models can all 480 00:14:41,000 --> 00:14:42,120 work together, right? 481 00:14:42,120 --> 00:14:42,680 It is. 482 00:14:42,680 --> 00:14:45,440 You can start with one, gain some traction, 483 00:14:45,440 --> 00:14:49,840 and then use that success to fuel another venture. 484 00:14:49,840 --> 00:14:52,400 It's like building a diversified portfolio. 485 00:14:52,400 --> 00:14:53,840 But for your entrepreneurial life. 486 00:14:53,840 --> 00:14:54,880 Exactly. 487 00:14:54,880 --> 00:14:55,380 OK. 488 00:14:55,380 --> 00:14:58,480 So we've explored five very different business ideas here. 489 00:14:58,480 --> 00:14:58,960 Yeah. 490 00:14:58,960 --> 00:15:03,600 Content creation, selling on Amazon, Shopify drop shipping, 491 00:15:03,600 --> 00:15:07,560 Pinterest affiliate marketing, and rental properties. 492 00:15:07,560 --> 00:15:09,120 It's a lot to take in. 493 00:15:09,120 --> 00:15:10,240 It is a lot. 494 00:15:10,240 --> 00:15:14,760 But remember, this deep dive is tailored just for you, right? 495 00:15:14,760 --> 00:15:15,200 Right. 496 00:15:15,200 --> 00:15:19,200 So let's take a moment here to pause and reflect. 497 00:15:19,200 --> 00:15:24,440 Out of these five businesses, which one really resonates 498 00:15:24,440 --> 00:15:25,760 most with you? 499 00:15:25,760 --> 00:15:27,080 What excites you? 500 00:15:27,080 --> 00:15:30,080 What aligns with your skills and resources? 501 00:15:30,080 --> 00:15:33,760 And what feels achievable right now? 502 00:15:33,760 --> 00:15:36,680 I love how you put that, what feels achievable right now, 503 00:15:36,680 --> 00:15:38,360 because it's easy to get overwhelmed 504 00:15:38,360 --> 00:15:39,440 by all the possibilities. 505 00:15:39,440 --> 00:15:40,240 Oh, absolutely. 506 00:15:40,240 --> 00:15:40,720 Right. 507 00:15:40,720 --> 00:15:41,220 Yeah. 508 00:15:41,220 --> 00:15:44,000 But the key is to just start somewhere. 509 00:15:44,000 --> 00:15:47,800 Even if it's just taking a small step in the right direction. 510 00:15:47,800 --> 00:15:48,400 Absolutely. 511 00:15:48,400 --> 00:15:54,520 I mean, maybe you're already drawn to creating videos for TikTok, 512 00:15:54,520 --> 00:15:57,560 or perhaps you have a knack for designing beautiful journals. 513 00:15:57,560 --> 00:15:58,080 Right. 514 00:15:58,080 --> 00:16:00,440 Or maybe you're dreaming of building a brand 515 00:16:00,440 --> 00:16:01,760 and selling products online. 516 00:16:01,760 --> 00:16:04,840 Whatever it is, trust your gut. 517 00:16:04,840 --> 00:16:05,520 Yeah. 518 00:16:05,520 --> 00:16:06,880 And explore it further. 519 00:16:06,880 --> 00:16:09,160 Now, I have to bring this up again. 520 00:16:09,160 --> 00:16:11,800 Because it really struck a chord with me, 521 00:16:11,800 --> 00:16:16,360 this idea that Sarah mentioned, that this golden opportunity 522 00:16:16,360 --> 00:16:19,360 to build online businesses might not last forever. 523 00:16:19,360 --> 00:16:19,840 Right. 524 00:16:19,840 --> 00:16:20,800 Right. 525 00:16:20,800 --> 00:16:22,360 You think she's right. 526 00:16:22,360 --> 00:16:26,480 I mean, why would this window of opportunity close? 527 00:16:26,480 --> 00:16:28,320 Well, it is a provocative thought, isn't it? 528 00:16:28,320 --> 00:16:29,320 Yeah. 529 00:16:29,320 --> 00:16:32,760 There are a few factors that could contribute 530 00:16:32,760 --> 00:16:34,400 to this potential shift. 531 00:16:34,400 --> 00:16:36,800 I mean, the internet is constantly evolving, right? 532 00:16:36,800 --> 00:16:37,200 Right. 533 00:16:37,200 --> 00:16:38,560 New platforms emerge. 534 00:16:38,560 --> 00:16:38,960 Yeah. 535 00:16:38,960 --> 00:16:40,320 Algorithms change. 536 00:16:40,320 --> 00:16:42,880 What works today might not work tomorrow. 537 00:16:42,880 --> 00:16:43,280 Right. 538 00:16:43,280 --> 00:16:45,080 Plus, as more and more people jumped 539 00:16:45,080 --> 00:16:48,880 into the online business world, competition naturally increases. 540 00:16:48,880 --> 00:16:49,120 Yeah. 541 00:16:49,120 --> 00:16:50,960 It's like a constantly shifting landscape, right? 542 00:16:50,960 --> 00:16:51,480 It is. 543 00:16:51,480 --> 00:16:53,040 And then there's the unpredictable, 544 00:16:53,040 --> 00:16:56,080 like economic downturns, global events, 545 00:16:56,080 --> 00:16:58,680 or even new technologies that disrupt the entire game. 546 00:16:58,680 --> 00:16:59,120 Exactly. 547 00:16:59,120 --> 00:17:00,440 We can't predict the future. 548 00:17:00,440 --> 00:17:01,120 Yeah. 549 00:17:01,120 --> 00:17:02,640 But we can prepare for it. 550 00:17:02,640 --> 00:17:03,120 Right. 551 00:17:03,120 --> 00:17:06,720 By being adaptable, staying informed, 552 00:17:06,720 --> 00:17:09,800 and always being willing to learn and evolve. 553 00:17:09,800 --> 00:17:12,240 So what does this mean for our listeners? 554 00:17:12,240 --> 00:17:15,640 Should they rush to launch a business tomorrow? 555 00:17:15,640 --> 00:17:18,640 Well, not necessarily. 556 00:17:18,640 --> 00:17:21,520 It's more about being mindful, I think, 557 00:17:21,520 --> 00:17:23,800 of that ever-changing nature of the online world, right? 558 00:17:23,800 --> 00:17:24,280 Right. 559 00:17:24,280 --> 00:17:26,360 And not taking anything for granted. 560 00:17:26,360 --> 00:17:28,400 Don't let fear paralyze you. 561 00:17:28,400 --> 00:17:29,960 But don't get complacent either. 562 00:17:29,960 --> 00:17:30,960 So it's a balance. 563 00:17:30,960 --> 00:17:31,280 Yes. 564 00:17:31,280 --> 00:17:31,760 Right. 565 00:17:31,760 --> 00:17:34,360 Being excited about the possibilities, 566 00:17:34,360 --> 00:17:36,400 but also being realistic about the challenges. 567 00:17:36,400 --> 00:17:36,920 Right. 568 00:17:36,920 --> 00:17:39,520 And most importantly, taking action. 569 00:17:39,520 --> 00:17:40,040 Yes. 570 00:17:40,040 --> 00:17:42,800 Because at the end of the day, it's all about doing something 571 00:17:42,800 --> 00:17:46,360 learning from it and continuing to move forward. 572 00:17:46,360 --> 00:17:48,320 Couldn't have said it better myself. 573 00:17:48,320 --> 00:17:51,200 Remember, knowledge is only powerful when you apply it. 574 00:17:51,200 --> 00:17:51,960 Yes. 575 00:17:51,960 --> 00:17:53,880 So we encourage you to take what you've 576 00:17:53,880 --> 00:17:57,440 learned from this deep dive, do your own research, 577 00:17:57,440 --> 00:18:00,080 and start exploring the world of entrepreneurship. 578 00:18:00,080 --> 00:18:02,000 There's a whole world of possibilities out there just 579 00:18:02,000 --> 00:18:04,520 waiting for you to make your mark. 580 00:18:04,520 --> 00:18:06,880 Thanks for joining us on this deep dive 581 00:18:06,880 --> 00:18:09,400 into the exciting, sometimes overwhelming, 582 00:18:09,400 --> 00:18:13,080 but ultimately rewarding world of starting your own business. 583 00:18:13,080 --> 00:18:14,840 We're always here to guide you along the way. 584 00:18:14,840 --> 00:18:17,760 Until next time, keep learning, keep exploring, 585 00:18:17,760 --> 00:18:39,840 and keep those entrepreneurial dreams alive.