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how to make money on youtube
how to earn money from youtube
how to create a youtube channel and make money
how do you make money on youtube
how to get money from youtube
how do youtubers make money
how to earn from youtube
So, the ways of making money are as follows
1. trade your time for money
first is time for money now this is what most jobs are and there's nothing wrong with the job a lot of people are gonna come and say quit your job no there's nothing wrong with having a job and it's better than doing nothing but this is the first level this is the first level on how to make money so what you do when you have a job is you give up your time to get some cash so a guy will say if you stand here all day i'll give you x amount of money and you agree you give up your time to make money the problem with giving up your time to make money is what who knows the problem with giving up your time to make money i'll tell you the problem the problem is you only have a certain amount of time it's very difficult to get rich if you give up your time for money because you have a certain amount of time in which you have to do all your work and you don't have time to sit and get rich that way . So, yes time for money is great and obviously the more valuable your time is the better that's fine you can make more but you still have a finite amount of time and this is the problem with trading your time for money
2. information for money
next is information for money now the good thing about getting information for money is that your time is not explicitly linked so if you do something like a video giving information that one video you can film at one time but it can be given out or sold a million times and you get paid every single time but your time is no longer linked to the money so a lot of people make money purely on information and this it can be done lots of ways it can be done with what i'm doing right now i'm making money based on what i know right now i am selling information to you people i know information and i'm providing there are also high level consultants do the same thing information is valuable we live in the age of information another thing i guys want you to write down your notes some of the two most important things in the world today are information and attention if you can get if you have information and you can get attention you will be rich because if you can get attention people are going to pay attention to you and if you have information to give them you're going to be rich this webinar is an example of how me a person who can attract attention who has information can make money so information for money is better than time for money now every single person sitting here there must be something you know you know something you know something others don't know it doesn't matter if it's how to play guitar doesn't matter how to play piano doesn't matter if it's how to fix a car doesn't matter what it is you must have some information that other people find useful that information can be weaponized and it can be turned into money we're gonna get into how to do that later but it's not actually very complicated you need to garner attention you need to produce uh the videos or the subject material or the pdfs or whatever you want to do explain to people what you know you need to establish credibility so they understand that they can trust you and they will pay for your information this is another way to get money information so keep that in mind write that down because when you write down your piece of paper information you also need to sit and think what do i know that other people don't know so there must be something you know and that information is valuable you have to convince people it's valuable and to come and buy it from you.
3. provide a product or a service for money
next this is what most businesses do they provide a product or a service for money now this is different from information because even though if you provide a service you have information let's say you fix cars you know how to fix cars you have that information but you're not selling the information you're selling the service which is different the information would be selling me a book on how to fix my own car the service is coming here to fix it for me so a product or service selling for money this is very very simple that's what most businesses do they buy they get a product or a service and they sell it for a marker now this is actually this is the way that most mega businesses make money but in the modern world it's quite difficult to do and it's difficult to do because most products and services are monopolized there they're monopolized because everyone's already selling everything and we live in a global economy now and there's no product you can think of that i can't go to amazon.com and find cheaper from china and they'll sell it at a one penny maybe two penny marker so the product root is getting harder unless you're very very unique and you build a brand which is something we're gonna get into the service is fine but you know what the problem with services service is once again linked to your time if you're providing a service you're still giving up your time for money do you understand so the product angle's difficult the service angle is difficult the time angle is difficult so far the only angle we have will allow you to make money scalable out and beyond is information for money.
4. putting someone/something else to do work for you
next putting something else to do the work for you now this is what corporations and the mega rich people do they either get people to work for them or they get their money to work for them so to keep their time free they make other people or other things give up their time so a company will come along let's look at the slides a company will come along with a service it will advertise its service it will then hire people number one it will get people to work for them and then those people will give up their time in exchange for a wage give up their time exchange for a wage and the company will keep money so the owner of that company although he has to manage things his time is explicitly linked to income now the super wealthy what the super wealthy people do is they get their money to work for them and if your money works for you it's even better than people because people need to be managed a lot more than money your money doesn't need to be managed money just works so if you have millions of dollars and you put them in a 10 you can get 10 return or even a 3 return you're gonna be rich on the interest without doing anything so making your money make you money is great but you could only live off this money if you already have a lot of money so let's go back through and analyze getting people to work for you is complicated set up because you actually need to sell a product or service to get most people to work also you need to people manage so for a long period of time you're not going to have your time free this is the first thing second thing getting your money to work for you you need a lot of money to live off the work your money does you need a lot of money to get this to happen most people don't have enough money to put their money to work to live off it now you still should put your money to work i want to talk about that you can't live off your money work
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