How To Make Your First $10,000 Online

By Davie Fogarty ยท 2023-08-21

Learn how to make $10,000 profit a month with an online business. Discover the best strategies and tips to start earning a significant income online.

How to Make $10,000 Profit a Month with an Online Business

In today's video, I'm going to cover how to make $10,000 profit a month with an online business. I'm not going to try to sell you a course. The reason why I'm doing this is because all of the online videos out there on YouTube on how to make money are dated. And the best thing is a lot of these examples that I'll give you today can take you to that first million dollars. To make sure that you make the right decision on what business to start, I'm going to use a ranking system. The first is how cheap it is to get started. How much capital do you need? The second is how much technical knowledge, how easy is it to get started? The third is how quickly can you expect to take $10,000 out of the business? Not just sales, but $10,000 profit per month in your personal spending account. And then the fourth criteria is how likely will it be that this business can scale up to being a million dollars take home cash for you. And I must say the last one on the list, I do think can make the most money, but it might be the slowest way. So this brings us to our first business. You see, entrepreneurship is like surfing. You don't get to create the waves, but you do need to paddle out, learn the skill, and then you can catch the wave when it comes. You see, technology goes through platform shifts. First we had the desktop, then we had mobile. Now we have something called AI, which is artificial intelligence. I'm sure you've been seeing lots of it. With any new platform shift, the media goes absolutely crazy. All of these newspapers that are talking about job loss and stuff like that are creating fear in founders and business owners that you can capitalize on. This is why one of the best businesses that you could start right now to make $10,000 is an AI automation agency or AAAC. You see, automation agencies have been around forever. However, now with AI, they have just been supercharged.

How to Make $10,000 Profit a Month with an Online Business
How to Make $10,000 Profit a Month with an Online Business

How to Use AI in Your Agency's SEO Optimization Strategy

The amount that you can do with AI in your agency's SEO optimization strategy is way more than you think. For example, let's say you have a client who is one of the biggest outdoor retailers selling water sports equipment. They generate about $20 million in revenue each year and receive thousands of visitors on their website. As an AI agency, you can offer to set up a chatbot that utilizes chat TPT, an advanced AI language model, to interpret people's intent and provide personalized experiences on the website. The chatbot can integrate the client's FAQ, customer service information, and database to deliver the best possible user experience. While implementing AI into chatbots may seem technically challenging, there are user-friendly tools available, such as Botpress, Stack AI, and various Shopify apps, that can be customized to meet the client's specific needs. As an AI optimization engineer, you can acquire these skills over a weekend and start offering them to potential clients. Another valuable application of AI in your agency's SEO strategy is cold outreach optimization. By leveraging tools like Google Sheets, Zapier, and chat GPT, you can scrape data from platforms like Shopify and automate the process of finding optimal prospects. Using chat GPT, you can generate tailored messages for each prospect, highlighting how your client's services or products can benefit them. This personalized approach yields a higher response rate compared to generic outreach methods. So, how do you find your first client? LinkedIn is an excellent resource for connecting with outdoor retailers and initiating conversations about your agency's AI services.

How to Use AI in Your Agency's SEO Optimization Strategy
How to Use AI in Your Agency's SEO Optimization Strategy

Chatbot Agency

just reach out to them and say, hey, I can create an amazing chatbot that will increase your return on ad spend and increase customer satisfaction. The other thing you have is just Google businesses if you don't wanna use LinkedIn, you could write in dentists, find all the dentists in the area and create a custom AI solution that helps their business function. So where does this business rate with our four criteria? The first in terms of how cheap is it to launch? It's probably gonna be a nine out of 10 simply because you are doing everything yourself. You're gonna go onto YouTube and you're gonna study how to set up these automations. The reason why it's not a 10 is you might need to pay for some support. Maybe you need a developer every now and then, but I highly doubt it. You wanna start off small with simple no-code solutions. In terms of technical or how knowledgeable you need to get started, it's probably a six out of 10. It's probably the most complicated example that we have today. In terms of how quickly I think you could be making $10,000 a month, it is definitely a 10 out of 10. It is the perfect timing for this type of agency and it will be very, very easy for you to get clients. And finally, how easy is it going to be to make a million dollars? It's probably a six out of 10 simply because anything agency side is hard to scale up because you just need to hire lots more people in your capacity. So this brings us to our next business idea, which if you're not technical, this is the perfect one for you. Unless you've been living under a rock, you have seen that Threads has now launched, which is basically a Twitter clone. It means brands will be flocking to the platform because they can transfer all of their Instagram followers into a text-based app. Brands are going to be wondering, how do we even use a text-based app? Because lots of them weren't on Twitter. They'll be looking for ways to use the platform to either educate or entertain, to grow their following and also sell their services to their following. I was just talking to a ghost writer who has a very,

Chatbot Agency
Chatbot Agency

Generating Business Ideas: Part 3

simple process. He has a call with the founder of the brand and asks them a bunch of questions. He records the entire thing, transcribes it, sends it to the Philippines or even uses AI ChatGPT to create all of these Twitter or thread posts for the founder. He was then charging his clients $5,000 per month for this service and he was creating hundreds of tweets which was creating a lot of value. So how are you going to do this? First you're going to identify a certain niche that you want to write about. The best niches on these text based platforms are ones that are selling to other businesses. This is what we call business to business. One of the best examples of this is agencies, people selling services such as Facebook media buying, content creation or even influencer marketing. A common technique that they do is they create a free resource so it might be 50 content hooks or my top Facebook ad account structure and then they'll create a post on Twitter or threads and say all you need to do is comment on this post and I will send it to you. As soon as that happens you've got their email, you've got their intent and you can sell them the service such as your agency. So where does this score? In terms of cheapness it's a 10 out of 10. You need absolutely nothing to get started. In terms of technical knowledge slash ease of starting it's probably a 10 as well. All you need to do is write and you've been writing since school. To start making your first $10,000 a month it's probably a 7 out of 10 and to scale it up to a million dollars probably a 3 out of 10. It's gonna be very tough to make that into a million dollar business. So this brings us to our third business idea. Now you can't watch one of my videos without me mentioning e-commerce. I've made over 80 million dollars profit using e-commerce but this idea is a little bit different because our main goal is to make $10,000 cash in your own personal bank account. So let me give you an example of this criteria of just your class

Generating Business Ideas: Part 3
Generating Business Ideas: Part 3

What is Dropshipping?

Dropshipping is a popular e-commerce business model where you don't have to invest in inventory. Instead, you partner with a dropshipping supplier who stocks and ships products on your behalf. This means you can run an online store without the hassle of warehousing and fulfillment logistics. In this blog segment, we will explore the benefits of dropshipping and how to start a successful dropshipping business.

What is Dropshipping?
What is Dropshipping?

How to Use Influencer Marketing for Organic Growth

Toy or the sex tabs chocolate. There's even an amazing seller selling samurai swords using this organic strategy. The first step is finding a group of creators. And no, I'm not just going to suggest influencer marketing. Don't just send them a product, get them to do a post. That is the old way of doing things. You're going to build a relationship with these creators. Maybe you've got three or four. They need to be experts in making things viral. Then they're going to create a bunch of accounts. They're not going to worry about posting lots and lots of times and ruining their own followers on their own accounts or looking stupid because they're using what we call vertical niche pages. So if we're selling bath bombs, it might be bath bomb explosions or something like that. And then they will just post three to four times a day on that account with different viral formats. And they all share knowledge that all three of the creators are talking about what work. You can pay them in different ways. You can pay them based on affiliate commission. You might just pay them monthly for a certain amount of creatives. And this is how you absolutely explode on the platform, getting hundreds of millions of views. Cheap. It's probably only a six out of ten because there are a few expenses there. Technical, I'd probably say a seven out of ten, making your first ten thousand dollars a month, probably also a seven or an eight out of ten. And then making a first million. I actually do think that this is a good way to do it. It's probably a six out of ten because, let's face it, making a million dollars is not easy. The next business idea, I do think, can make you millions. And I do think that it's becoming more and more common, especially with AI. Have you ever seen one of those videos on YouTube where it's like the top five Amazon finds and it just goes through and it shows you a bunch of just random footage? And it's got this weird narration, like an old infomercial. This is what we call a cash cow Facebook.

How to Use Influencer Marketing for Organic Growth
How to Use Influencer Marketing for Organic Growth

Top Businesses to Start Making $10,000 a Month

A channel. A creator behind that has just compiled all of that footage, gone to Upwork or Fiverr, paid someone with a voiceover, edited it all together and put it on YouTube. They can upload five videos a week in this format and then some of them rank really well in the algorithm allowing them to produce revenue from the ads that YouTube provides. I recently talked to someone that's making over a 1 million dollars profit a year passively. He's not even every single 12 months using this formula. So where does the secret lie? It's all about picking the perfect niche and when you're getting started there's always riches in niches. Meaning that you don't want to compete with everyone else. You want to use something like the free trial of Exploding Topics or Google Trends to find something really niche and really current so that you can create some videos for that. You can use a bunch of stock footage, use something like ChatGPT to help you with the script outline, use your iPhone to record the video and start pumping out these videos on YouTube until you can start monetizing. My main tip with niches is you don't want to advertise to people like 12 year olds that have no money. You want to focus on things like golf where they have lots of money but you need to find niches within golf that you can create content for that ranks. In terms of cheapness to get started this is a 10 out of 10. All you need to do is get a free video editing software. In terms of technical probably a 7 out of 10. You're gonna need to learn how to edit videos. How easy it is to make $10,000 a month probably a 7 out of 10 and a million dollars. I think this is possible at scale with AI. It's probably a 6 out of 10. So there are the four top businesses to start making $10,000 a month. If you have any questions leave a comment. I'm always rooting for you guys. Don't forget to Like and subscribe.

Top Businesses to Start Making $10,000 a Month
Top Businesses to Start Making $10,000 a Month

Conclusion:

Start implementing these strategies today and take your first step towards making $10,000 online. With dedication and persistence, you can achieve financial success with your online business.

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3 Profitable Ways to Earn with OpenAI GPTs in 2024How to Earn Your First $10,000 Online

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