 Hey everybody welcome to Monday morning. Let me know if you can hear me there How fortunate are we that we are here this Monday morning, right? There's a lot of people that after the weekend they're gone. They're done. It's over with they didn't get it to Monday So we did we are incredibly lucky. Let's take advantage of it. Hey, these sessions are for you guys so that You actually learn how to do stuff. Okay, you learn how to make money online Doing these live every single day of the week Except for Sundays, but Monday through Saturday. I'm doing live on 9 a.m. Monday through Friday 10 a.m. On Saturdays Why the difference I couldn't tell you that's what I'm doing And I picked different topics to teach you guys things that you know, I have done things that I know Things that actually work that you can get results from so you can start running grill online businesses If you haven't subscribed yet, make sure you do so some of you may be watching this after the fact where it's not live anymore Don't worry about that. If you've got questions, you can put a comment section I am live right now though And you can put it in the chat section. Don't forget also ring the bell turn on all bell notifications So you're notified every single time I go live and every single time I upload a video Let's see James says loud and clear on sunny Savannah. Oh, yeah, I hit the like button Hey, there's a good idea everybody. James keeps me straight Don't forget to hit the like button. What's your weather there today James and the rest of you folks in there? Go ahead and post in there. You know, what's your weather? Where are you at? What's going on today in? San Diego, it's a high as 72. It's a little cooler today. So we don't have it as warm James is on the other coast and he keeps the east coast down. I keep the west coast down But don't forget guys put in your comments there. I love them. I love your questions Love conversing with you guys. I love getting to know you And so that's what we got today. We have 72 and today I'm gonna talk about how to make money online without investment I get that all the time. I have people come to me and go JR I want to make money online, but I don't have a lot of money in the to invest You don't need a lot of money to invest now I will tell you you do need some money to do something Okay, you're gonna need a laptop or you're gonna need an internet connection If you're gonna start a business, you're gonna have to pay for a license, okay? I mean if you're totally flat broke and you don't have a laptop, you don't have anything you need to just go work more Okay, you need to shut this off and just go work more. I guess you're borrowing somebody else's computer I mean if you've got nothing going on that would be a shame But some people don't some people don't have anything going on There was a time in my life when I was totally broke and I had nothing, you know, I had negative bank accounts So hey, that stuff happens. But if you if you don't want to invest a lot of money, but you want to start and make some money This is a good session for you today. I'm gonna give you some ways. You can make money. It's really easy It's not hard to do Give me a sip of my tea here. This is our saying for today. There you go That's how often it's every damn day every damn day. Aren't it? Okay, don't try to get by with not doing something I was watching a Podcast yesterday. I'm getting ready to get into the subject matter, but I'm gonna share with you I was watching Joe Rogan and he says he always has these comedians That come up to him and they're like, hey, what do I got to do to get on your show? How can I get on your show? Why don't you interview me or they say well? How do how do I headline at one of these comedy clubs? How do I get there? How do I do that and when he was talking about this? He was talking to a comedian named Laura or Laura bites is or L. A. R. A. Bites Be itz. I believe it was and she had come up through the ranks and they both were looking at each other going There is no easy way. There is no hack. There is no simple way You just got to put in your time and he said, you know if you were out there working hard as a comedian and you know You were doing your sets and showing up and you were good He says I would probably ask you to be on my show That's how you get on a show is you make yourself undeniable undeniable. You're out there doing something It's the same thing with making money online and the girl said that you know She when she started doing comedy She would get off work early and she would go stand in the streets in Chicago at one of these Comedy clubs and get in line for the opportunity to go on stage for five minutes for free So she could tell her jokes and she said she did that for hours and hours and weeks and months and years To get up on the stage to tell something funny and when she was not on stage She was doing her best to write things, you know that were funny So she put in her time and and Joe said the same thing He says I did the same thing and it's like guys you got to put in your time There's no shortcuts to this stuff. There is no shortcuts. You know people say well How do you get a lot of subscribers? I'm like do a lot of content. You know, there's no shortcut to this stuff The other day I had you know, I normally get like six to 800 views every 48 hours Which is bitter stuff. I mean, you know, I'm working on this channel But the other day I woke up and I had 2600 views in 48 hours Instead of having six or 800 and I was like wow, that's really cool But the reason it was really cool is because I had 800 and some odd videos I'd already done It was already there and somebody you know saw a video and started sharing it You know, I got thousands of views within a couple days But it's all because of effort guys and you know, I'm prefixing all this stuff because I'm gonna tell you some ways You can make money online, but you got to put forth the effort I mean, I just it drives me bad when people say well, how do you do this? How would I do this? I'm like work friggin work and that's what Joe Rogan said. That's what this comedian lady said You just got to put in the work man. That's how it works And this this is so unpopular for me to talk about this stuff Nobody wants to hear that you got to work hard To make money they don't want to hear that they want to hear it's easy and you can work a couple hours a week And you're gonna make a million bucks and it's just not true It's not you can't show me a person and I keep put this challenge out there show me somebody who makes a million dollars a year It hasn't put forth hardly any effort at all show them to me. I want to see them You know, they don't have some inheritance. Nobody gave them money, but they make a million dollars a year They only work a couple hours a week. I want to meet that person I really do because I would love to do that. That sounds great, but it's not possible. It's just not possible James says it's currently 69 Fahrenheit in Savannah. Well, that's a little chilly. I'd say that's chill That's about as probably warm as it's gonna get today because it's noon there now. I know it's nine o'clock here So it's gonna be noon there and it's always five o'clock somewhere, right? That's a whole another thing. That's a Jimmy Buffett thing if you don't know Jimmy Buffett, you probably don't know that So anyhow guys, let me get into this. I want to go over Exactly what you can do to make some money online if you don't have a lot of money So here's the deal First off, I got through the effort thing, right? I did get through the effort Everybody understands now that there has to be effort But you know the internet is a great equalizer really Anybody anybody I don't care how old you are how young you are what country you're in what sex you are What your race is it doesn't matter you can make money online because nobody cares about any of that stuff All they care about is what kind of product? What are you giving me? What are you doing for me? and That's all you got to do. So At the start of a lot of these businesses these no money e-commerce startup solutions People have done really well because they put in all this effort, okay? So what I'm gonna do is I'm gonna be five ways today that you can do it online business and make money Online with little or no cost at all. Okay, which is not bad, right? I'm the first one. I would tell you would be drop shipping The basic idea behind a online drop shipping business is that as a small business owner You don't have to maintain any inventory. Okay, you don't have to because somebody else ships it up for you So this eliminates the financial cost and risk of having a warehouse full of stuff Which I do I have a warehouse full of stuff and it's very expensive The only thing you have to focus on is marketing and if you want to spend a little money on Advertising to find customers to make the sales Now once a sale is made the rest is handled by somebody else all you're trying to do is get a sale That's it. Okay, and if you have questions about this as I go through here put them in there because I have like a iPad down here I've got my laptop up here and I keep looking down for questions I got a good group of people in here today So feel free to ask me any questions you want So Once that's done you'll work with a company that specializes in drop shipping So, you know an example is let's say you're going to use Something like you know, I don't know Etsy or eBay or something like that to list your product When one of your customers makes a purchase you actually buy the product from a third-party company the drop shipper It's usually a manufacturer a wholesale or that type of thing for a lower price That what you sold it for Make sure you figure out this pricing before you sell it. Okay, that would be kind of important This process is simple as forwarding the order from your customer And then a process actually can be completed or automated Remember you don't have any risk here and buying inventory because the sale was already made So you don't have that initial investment now It is true that you're gonna have to pay a little bit more for the product if you're drop shipping because you don't maintain an Inventory, okay, so they're gonna charge you a bit more for it, but as long as you make a profit. It doesn't matter James is what's your opinion of the expression do what you love and the money will follow? Wow, you know, I would say that works sometimes for some people and I would say it doesn't always hold true. It just really doesn't always hold true because here's the deal You can love doing something and when you're faced with doing it every single day for a living you may not love it anymore, okay? So that's one example and I'll give you an example. I used to fly airplanes all the time. I love flying airplanes. It was so much fun That was my hobby. I was a member of the Norfolk Navy Flying Club And I could go check out 150s and 172s and T-34s with the sliding canopies on them And I just loved it And then later on in life I ended up running an air charter service And I looked at the pilots having to get up at two or three o'clock in the morning because we did air ambulance And they would have to fly somebody and they were miserable and they weren't happy and They were doing what they love they love flying, but they weren't doing it the hours They wanted they weren't doing when they wanted and that's how flying is flying is no more than a glorified taxi cab driver I mean, that's all it really is So that's one example and of course the other example I gave you is you may love doing something But also it may not be something that's marketable. Okay, maybe you love doing a thing, but it's not marketable. I Would say Generally, it doesn't hold true. It doesn't hold true. I mean like I own a survival food company I'm not a survivalist. I mean I prepare and do all that stuff, but I'm not out there in the woods And I don't have every little gadget and I don't have camouflage gear and I don't have any of that But I own a survival food company one of the biggest ones in the United States and we do very well every single day So I would say it's more work ethic because some days you're not even gonna want to do it Okay, you could love doing something you could just love it, but some days you're just not gonna feel like it So I think it's more, you know get yourself to do stuff When you don't want to do it I think that's one of the biggest talents that you can build in life is going Hey, I don't feel like like today. We're gonna work out my wife and I we're gonna do push-ups and we're gonna do all these Exercises and I'm gonna ride a bike and do all this. I don't want to do that But I know it's important and I think once you get through saying hey, there are certain things I get to do in life And when I do them I'm gonna get good results and you force yourself to do it. I'd say that's more realistic Let's see here Who you're thinking about Oberlo and Shopify you could do that, you know Oberlo and Shopify certainly works The only problem I would say right now is they did away with e-pack it Trump did away with that in his administration. It may come back But that really did up your shipping costs using Ali Express or something like that Not that you can't do it. I'm just saying it did readjust which you can sell stuff for and it also takes a lot of time to get there But oh this drop shipping thing, you know after you've done your thing you purchase your product the drop shipper actually sell You know sends it out for you And the cool thing about drop shipping is you can offer a wide range of products So the operating expenses for your business are super low Now you can see there's no risk of your part because you don't even purchase the product, okay? Until the actual sale is made which is pretty cool The downsides of drop shipping model you got to find a reputable drop shipper Okay, you got to find somebody you can trust somebody you can count on somebody's going to deliver the goods on time If the order is late or doesn't go out or products is poor quality that you get blamed because you were the seller As a company, this is you know, you're the one to represent the product. So that's all they know is they only know you They don't know the drop shipper or anything like that Can my passion for flying kites be monetized? It may be. I don't know. I mean is that a Product that you can sell can you sell kites? Can you sell courses on flying kites and the best way to figure this stuff out guys? If you have a question about that is go to Facebook and see if there's groups on it Though groups are getting kind of crappy on Facebook But see if there's other people selling online start googling kites online or people selling them What kind of kites are they selling? What is their volume? So the best the best test nowadays since there is the internet is you can go and see if there's other people doing what you Want to do look and see how long they've been around like you go to a website And then after you find the website you take the website name and you go to who is comm and you try to find How long is that website being in existence? You know if it's only been there three months doesn't tell you much if it's been there, you know, 12 years It does tell you a little bit Where do you search for trends and drop shipping? Actually, I don't really search for trends I can go to Ali express And I can find products that are selling very well I can go to Shopify and I can search top Shopify stores and what they're selling And that's the best way to go about it. Just looking at the data that's out there So that's something you can do now also in this drop shipping you can put your own label on it You know some of these are white labeled and you can put your own name on some of these products Anyone really considering a drop shipping business should seriously consider, you know using Amazon to grow their business or Shopify Some of these other Places to start out because it's an established marketplace and people already trust and they have you know existing customer base So I would say the pros to this require very little startup cost. You don't have to have inventory You can leverage established marketplaces with existing customer bases the cons to this there are cons to everything Is you can be blamed for your drop shippers mistakes, right? That can happen The market is very competitive in this area because a lot of people want to do it And you must sell a lot to generate a substantial income because your profit margins are going to be smaller Let's see here Are there any US drop shipping companies you recommend? Well, there's tons of them I mean, there's literally thousands of them, but it depends on the niche I would go by the niche and figure out what niche you're interested in and then kind of approach it that way Brunson, I know you I know you mean Russell Brunson started off selling how to make a potato cannon Yes, potato guns is what he did. He made great money that summer and said there's something to marketing online Yeah, and what he did was he figured out funnels and retargeting To people and how to upsell them to other things and that's where the buddies made I have ads running and Back to back within like an hour This weekend I was looking in that the initial offer of one of my ads is $97 And that's a month-to-month thing But you can get a lifetime right after it goes to $97 it goes to a video and says hey if you want a lifetime I'll sell it to you for 300 bucks more and for $3.97 you get lifetime within an hour two people bought that So I had made you know $800 within an hour, which was nice, you know, and that's not all I made this weekend But I'm just giving you an example And this morning I had two recurring Payments before I went and got breakfast. They were both $197 each so I had made $400 there, which was nice very very nice It is it's it I hate to say it, but it gets better every year. It gets better every year Okay, so let me move on to the next one. The next one is affiliate marketing I would recommend you check it out a place like click bank I have courses on click bank on this channel that you can learn how to use click bank It's it's like drop shipping, but with some differences, okay? With this model, you don't actually maintain an inventory of your own products And you don't have to worry about shipping products to customers because really You become a salesperson for somebody else's product. You pick a profitable niche for your business You find an affiliate partner who has products available in that niche. This can be physical or it can be digital And you know you look at places like click bank or Amazon or CJ affiliates Can that's what was that Something junction. I can't remember what CJ last stands for and oh, it was formerly commissioned junction that's what I was trying to think of and You can sell audio files ebooks physical products And big name companies like Walmart Home Depot run their own affiliate program So I mean you could literally sell from there if you want and just post stuff say hey, I like this blender It's really cool. Here's a link where you can go grab one and that could be Amazon that could be you know Walmart it could be home Depot Be any of these places. I like the idea of your education products as you did the work up front And it is evergreen except for updates. Yeah, and I tell you what I do Paul with Those kind of products is I have to be successful at doing that thing first I've tried other things that I didn't do well at so I've never done a course on those obviously But now I'm starting to get pretty good on YouTube ads My wife's getting really good YouTube ads and I think on down the road I'm gonna do a course on YouTube ads though I still have my digital course designer that's coming out and I'm working on it I got all these other things going on but Yeah, that's what I do once I figured out a thing and it makes me money Then I feel like I have a right to teach other people Some of these sites like clickbank will pay you know 5% 25% 50% some of them 90% or 100% And you wonder well, how can they pay 100% because they just want to get a customer They're willing to give up all their profits just to get somebody on the list because they know they have other products They have upsells and stuff they can do so basically all you have to do is handle The marketing to get your products For the prospect to buy them You can do this through social media if you have an email list you can email your customers You can blog whatever you choose But after they click the affiliate link it's out of your hands once they click that link and they go there and they buy You just make money. That's how it works. It's pretty simple. Now. The pros is it's no risk. No initial investment is required It's really a hands-off business the cons are you're responsible for driving traffic to the affiliate link So no traffic means no money. So if you're not good at social media, you're gonna have to pay for ads You may need to spend money on ads to get marketing going So I would say that's the drawbacks to it. The next one is going to be blogging If you have expertise or a passion or interest for a subject You're ready to start making money with a blog now James. I think you had asked that earlier Is it true that you can just follow your passion? I would say in blogging more so than anything else Because blogging is you can just write about what you want or you can vlog you can do videos about whatever you want Which is what I do and I enjoy doing this I enjoy making a video and talking to you guys And in doing so I get views and when I get views I have affiliate links below in the description I have courses. I have free opt-ins. I have all these different things in the description which you'll see once this goes I guess we're live now, but once it gets recorded and it's up on YouTube and I can make money off those things But I just sit there talking to you guys, which is nice You may think it's all about writing, but that's only if that's what you want to do Written blog posts are only the beginning you can post photos you can do videos you can do links to other sites You could repost news and articles anything is game Okay, really as long as it relates to your niche and you're you know satisfying what your audience wants Have you ever attended an event like affiliate East or West? You think it's worth a trip I Actually was at the affiliate summit in Bangkok Matter of fact, I posted a link the other day Paul I think you liked it and I was actually there because I was interviewed and I was meeting one of my partners from Serbia there and I liked it it It's it's for a certain group of people it probably wasn't for me But they wanted to interview me about my thoughts about affiliate marketing. So I went there and I did that It really it matters what you're doing I mean if you're into the affiliate marketing thing, you know and you want to do You know native ads or whatever you want to do. That's a great place to go there But it doesn't fit everybody. It didn't really fit me at the time But that's not why I was there. I want to see Bangkok and have fun anyhow The other things you can do in your blogs guys is adsense So you can put ads on your blogs where people click on them and when they click you make money It's really that simple Google will only show ads that are relevant to your blog So you don't have to worry about that and it maximizes the number of clicks you get meaning more income You can also work with ad networks Other than Google you can use a blog ads Dot com blog ads you could run a banner on your ads or on your blog It's the same as Google adsense You place the code once your website is up and when your visitors click on the ads then you get paid In addition to banner ads you can also run video ads on your site. You can do all kinds of things In many cases you can make more money with blog ad networks But they tend to only work with blogs that are getting tens of thousands of visitors a month or more So you're gonna have to put some content up as opposed to Google ads where you can start right away Regardless the amount of traffic you get Let's see here Dave Ramsey is a perfect example of a blogger that found a niche and went huge with his passion Products to get out of debt. Yeah, that's just yeah, I don't know how he's done this But he built an entire career off paying off your credit cards in your car Kind of interesting, but he's got some good stuff He does I like him matter of fact when I was on the road doing seminars and I'm saying like 96 And I was in Nashville. He was a local DJ in Nashville And he just had an afternoon show where he talked about paying off your debts So he's really grown since then because he just had a local, you know radio show He wouldn't make any money at all back then Let's see here Next up you need to use powerful content In an engaging way so you can't just write and it's boring if it's boring. Nobody's gonna read it If your videos boring nobody's gonna watch it Let's see here You have to post content on a regular basis, you know, I go live every day I go live six days a week in addition to that There's a video posted Monday through Friday that I've recorded. That's that's what five eleven That's eleven videos a week. Okay, so that's 44 a month. I have to post a lot I have to work a lot and that's in addition to my regular work that I do in my courses and my survival food company and everything else I do so it's a lot of hours It's not easy. I'm not gonna tell you it is easy Let's see. Do I have any other comments? I haven't hit Nothing I'm doing good keep putting your comments in there guys. I love getting them I will say be genuine. Don't rip off somebody else, you know Make sure you are doing your own content You can reference news articles and stuff like that But don't make that all your content because people would be like, well, you don't ever have anything original I mean you could start a blog in less than an hour, but it's gonna take time to make money as you build a readership There and only a small percentage of this folks end up in buying any products from you So you really do have to have a big following. It's not an instantaneous thing The pros to this are it's very low startup cost. I mean you gotta you gotta pay for a website You know you use wordpress and get hosting for three or four dollars a month I matter of fact, I have blue hosts that I would recommend and they're gonna be in the description click on blue host And they will give you a free domain name if you use my link. You'll find that in the description You can work your own schedule. Okay, that's so funny. Everybody says man, so you're so lucky You're gonna work your own schedule. I said, yeah, it's from like eight in the morning to like nine at night That's my own schedule You can the cons to this though are it's gonna take you a long time to build up the the site and actually make some money And also creating and posting content can be very time-consuming Like I said, I spend a lot of time doing this when I record my videos they go up Monday through Friday I may spend three or four days writing the information They go into those 12 videos that I do every two weeks And I say 12 I only need five a week, which is only 10, but I always do a couple extra So I have something in the bank because sometimes I can't record sometimes It's two weeks before I record and if I went two weeks, then I wouldn't have a video to go up And then you guys would be disappointed and you'd be mad. I don't want that to happen Thoughts on modeling other people's success and then putting your own spin on it. Oh, I think that's great I think that's all anybody does. I think everything you learn you learn from somebody else Never copy somebody never try to be somebody else. I mean, I'm not trying to be any other personality This is who I am. Okay, this is how I talk. This is how I act around my wife my friends. Everything. This is me This is me So don't try to like, you know, be a Frank Curran or be a Tony Robbins or be a whoever but look at what they do Look at their work ethic. Look at the stuff they put out. Look at how they go about stuff Get on their email list. Look at their emails buy their products see what the products are Dig into that. I've done that with so many marketers out there over the years So I can learn stuff because I didn't do the stuff, you know, I couldn't even type I still can't type but I mean, I didn't have some send an email in 2009 and now I teach it So, I mean anybody can learn this. Okay, number four online video So have you ever watched a YouTube video? Ah, yes, you're doing it right now. Of course you have This is one of the most popular websites with more than two billion users watching hundreds of millions of hours of video every single day And it's not all cats and funny things and you know pranks and all that stuff You can really leverage YouTube to make money and I'm on YouTube talking to you right now So obviously I'm making money doing it. You're not trying to create viral videos. So don't even go that angle It's not the thing to do If you do get a viral video, it'll do it on its own And the thing is that's not going to support a channel if you have one video that takes off What supports a channel is a is a a base of work that is consistent and good and always evolving And you know, you want to do a proven strategy for maximizing the number of views your videos on a regular basis. So You're going to be successful by using Creating really good content something engaging that people want to watch and it works in many many different niches It could be a how-to thing. It could be a talking head video It could be a topic of interest for people in your niche. It really disguised the limit You're going to make money with ad revenue after you've established a customer base But that's not going to be in the beginning Okay, because you're going to need a thousand subscribers and four thousand hours of watch time and that could take you hundreds of videos It could take you months or even a couple years to get there So if you think you're going to make money on AdSense in the beginning, you're not I make money on AdSense and it's taking me time But you can do other things you can build your email list by having links below for downloads You can offer some of your products in the downloads You can put affiliate links in the comment section. Excuse me the description section So there's a lot of ways to make money Without getting monetized Now what do you need? Well, you could use your smartphone You could use a really simple video camera, but make sure the lighting is good In lighting you don't have to buy a bunch of lighting but get somewhere where light is shining on you Not from behind you back lit's not good Don't stand in front of a window with the sun beaming in on you because if you do the front of you is going to be dark Okay, it's not going to look good You want to turn yourself away and turn yourself around and face the window right and put your camera at the window facing you That's how you want to do it. You always want to be front lit Make sure the audio is clear number two You want to make sure that the sound is good You can get a little lavalier microphone for 29 bucks plug it into your cell phone and you're off and running now I've got I've got this thing. Okay. This is a sign houser and I've got two of these ones a transmitter ones a receiver This is $650. It's a lot of money, but it has good sound. I like it. It has a metal case on it I mean, it's really good stuff. You don't have to get that But if you do want to get that I have a link in the description at the end of this video You're welcome to get that. Let's see what else I got here. I like the way Bobby play a flave city makes money He delivers quality content and promotes products with an affiliate link Yeah, he always has some type of sponsored thing in his video. I think he's doing thrive market right now You know watch some of this stuff. Obviously. I can't watch everything. Have you ever attended a Tony Robbins event? Yeah, I have Well, it wasn't really a Tony Robbins event. I went to Click funnels in Dallas, Texas in 2017 or 18 and Tony Robbins was the speaker there And I've never really thought much about him because he's he's kind of like a rah-rah thing and that kind of wears off But he was pretty good. I gotta admit he was pretty good. He worked well with the audience. He's super talented So yeah, I did get to see him there He's like a nice enough guy. He's a hard worker. I mean, that's it. I mean it comes right back to it's a hard worker But the last thing I'm gonna tell you about creating these videos guys Use a simple editing software. You can use like iMovie You can use a movie maker you can use any there's a lot of them out there now. I have paid ones I like Camtasia. I'll have a link in the description of for Camtasia. It's probably one of the best ones But I also have File and Cut Pro. I rarely use it, but I have it Let's see here. I think people need to follow your example of ABL always be learning. Oh my god Yeah, well, I mean it's just it makes sense guys because stuff's gonna pass you by because stuff's invented every day New software comes out new techniques come out the market changes You just got to learn stuff, you know, and then I try to stay on top of it and literally I feel like every day I learned something new but If you don't do that, you get left behind above all on this guys Your videos can be simple. They don't have to be slick, but they do have to provide useful content They got to be engaging and interesting funny helps to if you could be funny But funny is not going to make you a lot of money all the time like you know these prank videos get millions of views But their CPM, you know could be two dollars or a dollar CPM and that's the what the advertiser pays per thousand my CPM is 48 dollars Hang on to that for a second. My CPM is 48 dollars I make anywhere from 25 to 27 dollars RPM, which is my revenue per thousand views I mean, that's craziness But it's because I have a very specific topic and it's about making money online So let's talk about the pros and cons about making these videos The pros you can use your existing smartphone or computer. Okay, my computer right now. I could go ahead and make my videos It works across several different niches. It doesn't matter what your niche is you can make videos The cons to this is creating and posting videos can be time consuming not can be is time consuming It's very time-consuming And it takes a while to begin making revenue if you're looking for something like AdSense Now you can make it off your affiliate stuff. And the last thing I got for you number five today How much time we got left? Oh, I'm getting overtime here. Sorry about that Informational products when you have an internet business it doesn't have to be about selling physical products Okay, I have a lot of informational products There's no shortage of ways to create informational products, but the most popular formats include audio So an audio would be a recorded teleconference interview course some other spoken word type product next one would be videos Of which I have those those are recorded webinars Maybe how tos interviews courses on how to do things which I have And then the last one would be text so that could be an e-book an instruction booklet of some sort It could be a travel guide. It could be a food guide something like that And in each of these categories you can really get creative and make any type of format of content You want as long as it's engaging and useful. You got to make sure okay? No matter which way you do it Passive income money that you earn while you sleep because you put these products up for sale Or on your website and a customer can buy and download them any time day or night Automatically all you have to do is check the sales periodically and make sure the topics of these products are selling So that you can make changes as need be and now the pros to doing these types of products Is they can bring in passive income while you put the product on the market, okay? Once you put the product on the market they can be a quick way to make money So you as soon as you write this stuff and created, you know You can make money the cons are creating a product takes them up front work and time You know every single one of these things I'm telling you got to put some work in isn't that terrible? You may also need to invest some money initially to do it, okay? So the trick with any online business is to make sure you're in a profitable market You want to be sure to keep an eye on the trends? What's going on? You want to check out the best seller list on Amazon and stuff and see what other people are doing And you want to keep in mind you don't have to restrict yourself to just one of these e-commerce opportunities You could do all these things if you want it, you know, and I do I'd say the majority of all of these things Yeah, I do I think now that I think about it. I got all of them You start out with one and you just get going. I think it's a say seems like this big mountain everybody like oh my god That's so much stuff to do. I'm falling over looking at it. But so what what else are you gonna do hang out until the bitter end? You will grow your income and you will make more money the more effort you put into this stuff Let's see here What is Paul saying here? You brought up a good point on your equipment in that you invest back into your business and education Yeah, and you know, I don't I don't buy a lot of goodies, you know every two years. I'll get me an iPhone This computer I got I bought in 2019 The one I bought previous to that was 2012 and I only buy Apple products because they last forever I got this iPad here when I bought my phone, I think I think it was yeah, I bought my phone And all the equipment I slowly get I slowly get this stuff guys and now I have it It's like I don't have to buy lights again. I bought lights. I'm done. Okay. I got lights. I'm good I've got this stand here. You can't see it for my camera and I bought a good stand. It's sturdy It's heavy-duty, you know, you can use it outside, but I can put my iPhone on it I can put a DSLR camera on it. I can put lights on I put whatever I want on it And I own it. So think of these things as investments in your future But think of these things as you know instead of buying fancy jewelry and necklaces and designer clothes I don't know what I got under there. What do I got under there? Something I got at GH Bass and Company at Costco. Yeah, I went to Costco and got this shirt. Nice shirt though. Good workout shirt, right? Nice stretchy comfortable. I don't need to have a fancy designer thing to impress you I don't think you I don't think you want to be impressed with that What you want to be impressed with is when I give you content And you take those ideas and those ways of doing things and you apply them and you make money You're gonna be a lot more impressed with that than if I have a Louis Vuitton Jacket on or something like that. I'm gonna say who cares who cares right jacket It's a jacket and how I look at it And you know sometimes I'll walk by some of those stores and those fancy designers and I can go in there by that stuff I can afford it When I walk in they're gonna think I can't because they're gonna look at my clothes They're going well, you don't have Louis Vuitton right now You don't have a John Barbados on there now and by the way John Barbados a box, but it shrinks up It's terrible. He must be a little skinny guy But you know invest in stuff that's going to help you make more money don't invest in dumb things Okay, don't invest in the next new watch or something like that I have a black card and it's when there's metal black cards and I spend a lot of money on it like I Don't want to say but maybe when I average 50,000 a month on it because I use it for products for my business and They send me a gift every year and it's inevitably a stupid gift I mean that they're expensive the gifts they send me but they're just dumb It's like they sent me this custom watch the other day of this this white wooden case and that was my gift of the year It's like I got an eye watch or an apple watch. I'll use it. I'm not going to use some gaudy-looking flashy watch And you know in some of the parts of town I go to I like to eat at some pretty Authentic restaurants Mexican restaurants or Asian restaurants, and they're not in the best neighborhoods I don't want to watch that says rob me, please I don't want that kind of watch on my wrist, right? Because I just want to go there and blend in and enjoy my meal So yeah, you guys got any more questions or anything else you want to ask me I hope you got something out of this if you got something out of this Make me feel good and put something in that comment section there in that chat section there Whether you're watching this afterwards or whether you're watching this live put in there that you enjoyed it I would love that if you say I like this I got something out of it now. Don't put that in there if you didn't if you thought it sucked today You want me to change things put that in there be honest with me? I have no problem with that But just give me some feedback Will your new home in Texas have a room devoted for creating videos? Oh, yes It was just gonna have probably three of them my wife's gonna have one I'm gonna have one and our kitchen is gonna become one because I'm gonna do a cooking channel So yeah, we're gonna have at least three in there and we may switch that stuff up It's got a lot of different angles. It's got really high ceilings It's got a lot of windows, so there's a lot of light coming in It's it's got a lot of cool stuff to it. It's got this when you first walk in It's got this rotunda where it's like the circular area and you can look up to the top and it's 15 feet high it's really cool and Yeah, I think we're really gonna enjoy that. So yeah, we'll have all that What other questions you got this was the goods, baby, thank you Paul. I appreciate it You're always some complimentary, but you can pick on me too. It's alright if you pick on me, not a problem Paul, have you noticed my beard getting grayer and longer? I'm starting to look like you now. Isn't that something I actually look like Paul at this point Actually, I look like James to James gonna be right. I think it's this is like the old gray hair beard guys group or something I hope hope not. I don't know. Is that okay? I guess that's fine. It doesn't matter It doesn't just doesn't matter So guys, thank you so much. If you haven't subscribed yet, please subscribe ring the bell Turn on all bell notifications so that you're notified every time I go live or I uploaded video And don't forget to smash the thumbs up if you haven't done so guys Just click it click it click it matters so much to me gets me more distribution gets me more views gets me more subscribers And this video can help out more people now. They've got five things They can do to make money online and they don't have to invest a bunch of money So that's good. Thank you guys. I appreciate you being here so much. I love each and every one of you Reggitly handsome. Yeah rugged is definitely right And I really appreciate you being here. I'll be here again tomorrow I have all the videos set up for this week so you can go to my channel and you can look at the subject matter for each day If it's something you're interested in please show up if not no big deal come back to the next day And maybe it's a day you are interested in keep in mind on these videos and you've seen it today I will answer questions with anything that has to do with making money online So feel free to ask those questions to feel free to ask them Even if it's not live put it in the comment section. I'll come back through and I'll answer this I'll be doing that today. So if you've asked a question or you put a comment in there You could rest assured I'll be back today and I will get all those things handled and I'll answer all those things I got a bunch of them that stacked up over the weekend. Thank you so much