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How To Make Money Online When The World Is Shutdown - YouTube
Channel: Greg Gottfried
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Hi everyone and welcome
back to another video.
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In today's video I'm going
to be sharing with you,
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specifically during the time
of this economic shutdown
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and kind of the whole world is on pause,
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how do you go about making money online?
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And from my years of experience,
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what are my best tips for you?
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For those of you who
are new to the channel,
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my name is Greg,
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and I like to make videos
about online entrepreneurship
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and share the tips and resources
[21]
that I wish I had along my journey.
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So for those of you interested
in making money online,
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feel free to look around the channel
[26]
and consider subscribing.
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Now in today's video,
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I'm going to break down
five different categories
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of ways to make money online,
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go through each of those categories
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and show you the best ways within them,
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and then share with you
really helpful resources
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and even tips that you should use
[38]
and things you should avoid
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so you don't make mistakes
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as you're going through this process.
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Now for those of you who stick around
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to the end of this video,
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I'm also going to put in a bonus way
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that is probably one of the easiest ways
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to make money online.
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The only catch to this one
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is that it's not currently available
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in all countries and regions.
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Now, I'll get to that
at the end of this video
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but stick around for that,
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this is going to be a
really helpful video.
[57]
Now before we get into
these five categories
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and start breaking them down
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there's a couple of things
that we need to discuss
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for everyone who wants
to make money online
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that you need to know
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before we can even get
into the different methods.
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Now the very first thing is
a disclaimer for everyone
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and that is just that if
you haven't found out yet,
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there are no get-rich-quick ways,
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there are no shortcuts or no secrets.
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Now, for those of you
[76]
who have been making
money online for a while,
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you guys already know this,
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but this is for those of you
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who are new to making money online.
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If you see something that
offers get-rich-quick
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or promises you to get results,
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just know that those are people out there
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trying to take advantage
of you in an unethical way
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while you're in the
beginning of this journey.
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So first things first,
be cautious of scams
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and don't go into this
thinking that you need
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to spend a lot of money to get started.
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Now another big thing
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before we get into these five categories
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is that speaking of money,
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yes, you may need to spend money.
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After watching this video,
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you'll see all the different
ways to make money online
[106]
and you'll be able to see
what fits best for you.
[108]
Now the way that you choose
that fits best for you
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that you wanna start with may
come with some requirements.
[113]
For example, you may
need to have a website
[115]
where you'll have to pay for hosting,
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you may need to buy a paid tool
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in order to do something
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a certain way, et cetera, et cetera.
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But go into this knowing that
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even if you do have to
spend an amount of money,
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whether that's small or a little
bit larger to get started,
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this is an investment in your business.
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The biggest word of caution
I can give you though
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is don't go in thinking that
you need to buy $1,000 course
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or anything crazy
expensive to get started.
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Every way that you see here
should be extremely low cost
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and you just need the bare
minimums to get started
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and start making money online.
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Now I promise just two more quick things
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before we start breaking
down these five categories.
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First being, there's a link
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to a video down in the description
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that links to another
video on this channel
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covering in detail 10 of
the worst online businesses
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for beginners to start.
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I'm going to briefly touch
on this in this video,
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but if you want more details
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on what businesses you should
not be starting as a beginner,
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that video is going to be
extremely helpful for you.
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So if you get anything from this video,
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I highly recommend at least
watching that after this
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so you can save yourself a lot of time,
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effort, and probably money down the road.
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Now the last thing before we
get into these five categories
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is why should you guys be listening to me.
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If you have been searching on the internet
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for how to make money online,
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you will find that there
are no shortage of people
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telling you their best
advice on how to get started.
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What I bring to the table for you guys
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is truth, honesty, and experience.
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I've been doing this for
the last four to five years,
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and I've been making a full-time income,
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six figures, multi six figures,
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and close to seven figures
now, completely online.
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All of these videos that you find
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on this YouTube channel
are completely free,
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you will never have to purchase a course
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and I just wanna share
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the helpful information with you guys
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completely free of charge.
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So hopefully you can find some value
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from not only this video,
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but the other videos on the channel.
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Now with all that being said,
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we should now be on the same page.
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And now let's break
down the five categories
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of different ways to make money online,
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especially right now when the whole world
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is practically on pause.
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So the very first way
that you're going to see
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as you start doing some research
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is paid online surveys or
similar things like that.
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Now essentially what these are
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is you make an account on a website.
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There's many websites that offer this
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and you basically go through
and just answer surveys.
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Now each survey that you answer
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is going to offer you a certain bounty
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which is typically about
50 cents or $1 per survey.
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When you answer these surveys,
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you're basically putting
in your demographics
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and your interests on
what you like to purchase.
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And that either goes directly
[246]
or is sold to major companies
looking for that information
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to further refine their marketing
[251]
and their product development
for their company.
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Those companies are willing
to pay for that information,
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and these websites are
basically the brokers
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for giving that information to them.
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Now the sole reason that
I'm including these surveys
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and other things similar in this list
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is because as you start doing research,
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you are bound to see them
in the search results.
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Now, I wanna be very clear,
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I do not recommend doing these,
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they take a lot of time,
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and at the end of the day,
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it's not going to be worth your time
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for how much money that you make.
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As you will likely see if
you start doing some searches
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for how much money you
can make with these,
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there are some YouTubers out there
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who have made great videos
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showing a full day spent answering surveys
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and how much real money they earned.
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All in all, I don't
recommend you do paid surveys
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or anything similar like that,
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I just wanted to include it in this video
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for informational purposes,
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so when you do see them, you
know what they're all about.
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Number two, the second category
is online gig-based work.
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Now this is actually a great option
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for making money online,
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especially in the current environment
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that we're in right now,
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if you're curious about what these are,
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you can go to a website called
fiverr.com, or upwork.com.
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Those are the two biggest marketplaces,
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and you can browse through their website.
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As you're browsing
through their marketplace,
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you will see the different
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types of services that people offer,
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and you can even use that to brainstorm.
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See if any of those skills or
services that you see on there
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are things that you know,
and you could offer.
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Now further, if it's something
that you kind of know
[324]
or you're pretty good at,
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feel free to go over to YouTube
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and practice your skill even more,
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and then you could consider
going back to these websites,
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creating a profile and
offering that service yourself.
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Now personally, I have been
both a seller of services
[335]
and a buyer of services
for multiple years now,
[338]
and there are definitely some major tips
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that I can pass on to you,
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if you're considering
being a seller of services.
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The first tip is to build up
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a strong portfolio to put on your profile.
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When a buyer is going through
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and comparing who they wanna hire,
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they're looking at the type
of work that you've done.
[352]
Although everyone's bio may look great,
[354]
the buyer really wants
to go into your profile
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and see the work that you've done
[357]
because they know what
they want in their mind.
[359]
And if you've done something similar
[361]
or at their standards,
[362]
they can see with a real life example
[364]
that you're capable of
doing what they want.
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The second big tip is to make sure
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that you have competitive prices.
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Go on the marketplace and
look at the other sellers
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and make sure that you're
priced competitively.
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When a buyer is going through
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and they are comparing
all the different sellers,
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the ones that are way too high,
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typically just get discarded.
[379]
For a lot of buyers, if your
price is on the higher end,
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you're just going to
be out of their budget,
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and they can't hire you
even if they wanted to.
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On the other end of the spectrum,
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the sellers that have really low prices
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are probably also not going to get hired
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because buyers have the mentality
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that their quality is going to
be the same as their prices.
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The third biggest tip I can give you
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if you're going to be a seller
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on this online gig environment,
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is to make sure that you're
actually applying for requests.
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On these marketplaces,
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a buyer can go in and
they can submit a request,
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which then notifies all of the sellers
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that sell that service,
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and those sellers can take
advantage of this opportunity
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by applying to that request
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and submitting a personal proposal.
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Now the last big tip that I can offer
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comes during this proposal.
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If you are a seller and you see a request,
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apply to that request,
say that you have read
[421]
exactly what they're looking for,
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you understand it, you're capable,
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now there's two parts here,
[425]
if you were able to include
a link to a real example
[428]
that you've done in the
past that is very similar
[430]
to what that buyer is looking for,
[431]
make sure that you include
a link to that example,
[434]
and then further, if it makes sense
[436]
for that service that you're
offering, include a free trial.
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This has got to be by far the
biggest tip I can give you,
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and here's the reasoning why,
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when a buyer on one of these platforms
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is comparing all of the different sellers,
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it is at no risk to that buyer,
[449]
if a seller is offering a free
trial to take advantage of it
[451]
and see what kind of
work that seller can do.
[453]
Now if you're the seller
offering that free trial
[455]
and you do the free trial really well
[457]
and you do exactly what
the buyer is looking for,
[459]
you are very likely to be hired
[461]
over all of the other sellers.
[462]
Now again, just make
sure that a free trial
[464]
makes sense for that service
that you're offering.
[466]
It doesn't work for all of
them, but if it works for yours,
[468]
that is a huge tip that
I can recommend for you.
[470]
Now the third category for different ways
[472]
that you can make money online,
[473]
especially right now, is remote jobs.
[476]
This is an excellent opportunity
[477]
and although remote jobs
[478]
seems very similar to
online gig-based work,
[481]
they are different.
[482]
Now both of them are
going to be online-based,
[484]
however, a remote job is
going to be more stable,
[486]
in that essentially, you're being hired
[488]
by a company to fill a position,
[490]
as opposed to online gig-based jobs
[491]
where you're basically just
doing one job for a client,
[494]
moving on to the next client,
doing one job for them,
[496]
and being hired here and there.
[497]
Now, just know that a remote
job is an excellent job,
[500]
especially for now because
you can just work from home
[502]
or really anywhere that
you are that's safe.
[504]
However, with the current situation,
[506]
it is going to be generally harder
[507]
to get hired for a remote job.
[509]
The reason for this is that
there is a lot more competition,
[512]
a lot of people are
filing for unemployment,
[513]
so they're looking for more jobs.
[515]
And a remote job offers them
the freedom to work from home,
[517]
which is a perfect fit right now.
[519]
And the second reason
[520]
that it's going to be generally
[521]
a little bit harder right now
[522]
is because most companies
are not hiring new people.
[524]
A lot of these companies are downsizing,
[526]
and actually decreasing
the size of their staff.
[528]
However, the benefit here
[529]
is that the companies that are bringing on
[531]
new members of their staff
are doing this remotely.
[533]
Now I've found that the best way
[534]
to find remote jobs is simply on Google.
[537]
You'll find that once you search
in looking for remote jobs,
[539]
different types or different skills,
[541]
you're going to see a
bunch of different websites
[543]
that offer kind of a marketplace,
[544]
and then additionally, just on Google,
[546]
Google offers different job listings,
[548]
so you can browse directly on Google.
[550]
Now if you can get hired for a remote job,
[552]
this is going to be
generally stable income,
[554]
but it doesn't mean it's
going to be more income
[556]
than online gig-based work.
[558]
Although you may have
more stable paychecks
[559]
and more stable work,
it does not guarantee
[562]
that overall you will make more money
[563]
when compared to doing gigs.
[565]
Now the fourth category
for making money online
[567]
is starting your own online business.
[569]
This is by far my absolute favorite one
[572]
for quite a few reasons,
but just know that
[573]
there are great online
businesses out there to start.
[576]
There are also very bad online businesses
[578]
that you can start.
[579]
So make sure that if
you're going into this,
[580]
you're spending time to choose wisely
[582]
on which online business you
are starting for yourself.
[584]
Now this category of online business
[586]
is probably going to be the hardest one
[588]
to actually start and grow,
[589]
and potentially the longest one
[591]
until you start earning money,
[592]
but I can definitely say it
will be the most rewarding.
[595]
Now as I just mentioned,
[596]
within this category of starting
your own online business,
[598]
there are good online businesses
and bad online businesses.
[601]
The reason I say this
[602]
is because it depends on the fit for you.
[604]
For those of you who are a beginner,
[606]
there are some big online businesses
[607]
that you should definitely be avoiding.
[609]
Now if you move into an advanced
level on certain skills,
[612]
those businesses that you
were avoiding as a beginner
[614]
may become a better fit.
[615]
So with that said,
[616]
allow me to elaborate a little bit
[617]
on some good online businesses
[619]
and some bad online
businesses for beginners,
[621]
if you're just going
ahead and getting started.
[622]
Some of the best online
businesses for beginners
[624]
especially right now with
the current environment,
[626]
are one, print on demand,
[628]
two, affiliate marketing,
[629]
there's a few ways you can do this,
[630]
you can have a niche specific
affiliate marketing website,
[633]
you can make niche
specific YouTube videos,
[635]
then as a bonus for affiliate marketing
[637]
you can also make ad revenue
[639]
from that niche specific
[640]
affiliate marketing website
and the YouTube videos.
[642]
Now further, you can create
and sell online courses
[644]
on online course marketplaces,
teaching a specific skill.
[648]
And then lastly, another great one
[649]
is creating and selling
digital downloadable products.
[652]
Some examples of those could be an ebook,
[654]
teaching the same content
as that online course,
[657]
could be creating and
selling a custom Excel sheet
[659]
that people could download,
[660]
think along the lines
of creating something
[662]
where you input your
numbers for your budget
[664]
and it analyzes it and spits out numbers
[665]
from an equation that most people
[667]
wouldn't be able to do themselves.
[668]
You can create and sell
photo editing presets,
[671]
think of things
[671]
that you could just
download from the internet
[673]
so you don't have to
actively work every time.
[675]
And lastly, I'll give you another example
[676]
just to think about,
[677]
creating and selling a website template,
[679]
so WordPress or Wix.
[680]
It can be generally pretty hard
[681]
to create a custom template
for something specific,
[684]
so if you can spend the time
creating it, perfecting it,
[687]
you can sell it to people
and they can download it
[688]
and skip all that process
of creating it from scratch
[691]
and they can just buy yours
[692]
and plug and play and start instantly.
[694]
So there are so many
other digital products,
[695]
that just gives you a few,
[696]
but those are some good online businesses
[698]
I recommend starting for beginners.
[700]
Now let's move into some of the bad ones.
[702]
Now some of these bad ones
[703]
you will see heavily
advertised and promoted
[705]
but just be cautious especially
if you are a beginner.
[707]
The first one is dropshipping,
[709]
you've probably seen that everywhere
[710]
but I do not recommend
that for a beginner,
[712]
the second one is multilevel
marketing or network marketing,
[715]
the third one is stock trading
specifically forex trading,
[718]
the fourth one is ClickBank
[719]
or JVZoo style affiliate marketing,
[722]
their products are generally not good,
[723]
so I don't recommend doing that.
[724]
And then the last one is Amazon
FBA or Fulfilled by Amazon,
[728]
I just don't think this
one's very beginner friendly,
[730]
it's very hands on,
[731]
and given the circumstances right now
[732]
with the current climate and situation,
[734]
I don't think it's a good fit
[735]
because your products go into a warehouse,
[737]
if they don't sell right away,
[738]
you're going to pay storage fees,
[740]
and since they're in Amazon's warehouse,
[741]
it makes them subject to contamination.
[743]
So again, I just don't
think this is a good fit
[745]
especially to start right now.
[747]
Now, as I mentioned, in the
beginning of this video,
[748]
I put a video down in the description
[750]
that covers the 10 worst online businesses
[752]
for beginners to start,
[753]
that will cover these
businesses plus a few more
[756]
and go over in detail
[757]
of why it's not a good fit for beginners.
[759]
Additionally, there's another
video down in the description
[762]
going over that good list,
[763]
that goes over 10 of the
best online businesses
[765]
to start for beginners,
[766]
so feel free to check that one out as well
[768]
for some more detail.
[769]
Now before we move on to
the fifth category here,
[771]
just know that all the online
businesses that I recommend,
[773]
and I personally do,
[774]
I have tons of videos
on them on this channel
[777]
completely for free.
[778]
Like I said, I've been
doing this for years
[779]
and I'm sharing all this information
[781]
with you guys completely for free.
[782]
So feel free to browse
through the channel,
[784]
check out all the videos,
learn everything you need to,
[786]
and even feel free to subscribe
[788]
so you get notifications of the
new videos as they come out.
[790]
Now the fifth category here
[791]
for making money online is interest.
[794]
Now I know this one kind
of comes with a stipulation
[796]
where you need to have money to invest
[797]
in order to make interest.
[799]
However, if done properly,
[800]
you're essentially
guaranteed to make money
[802]
and you don't have to lift a finger.
[803]
So it's extremely passive,
[805]
I could make a whole video on this
[806]
and matter of fact,
[807]
I do have another video
on this on the channel.
[809]
However, in short, if
you have money to spare
[811]
that's just sitting in a
standard savings account,
[813]
I recommend opening up a high
yield online savings account.
[816]
There are a ton of different
online banks that do this,
[818]
they are FDIC insured,
so your money is safe.
[820]
Just figure out based on
your country or region,
[823]
which is the best in your area,
[824]
but you're looking for
an online savings account
[827]
that acts the same way as your
traditional savings account,
[829]
but it's online-based,
so there are no branches.
[831]
But with that comes with
extremely high interest rates,
[834]
so they're completely free to open,
[835]
there are no contracts or anything,
[837]
if you have extra money laying around
[838]
in a traditional savings account,
[840]
just move it into an
online savings account
[841]
and you can collect that
interest every month.
[843]
Now, as promised in the
beginning of this video,
[845]
I do have a bonus way which is generally
[847]
a very easy way to make money online,
[849]
the only thing is it's
not going to be available
[851]
in every country or region,
[852]
and here's what that is,
[853]
if you go to Ebates.com,
which is now known as Rakuten,
[857]
you will be able to
see the Ebates program.
[859]
Now not only do I recommend using Ebates,
[861]
but I recommend Ebates referral program.
[863]
If you're not familiar with Ebates,
[864]
it's basically you create a free account,
[866]
you put a plug in on your computer,
[868]
and as you go about your daily activity
[869]
of buying things online,
[871]
they are partnered with
thousands of different websites
[873]
and Ebates actually gives you cashback.
[875]
So when you buy something,
let's say for $100,
[877]
if they offered 8% cashback
[879]
you would get $8 back
into your Ebates account.
[881]
And then as this builds up
[883]
Ebates pays you out either direct deposit,
[884]
I think they even do PayPal
or you can get mailed a check.
[887]
Now although this is a
great way to make money
[889]
they also have a referral program.
[891]
So when you sign up for
your Ebates account,
[892]
you get a specific link
to share with people.
[894]
Now all you have to do is share this link
[896]
with as many people as you can,
[897]
family members, friends,
[899]
you can even share it
on Facebook or Twitter,
[901]
wherever you wanna share it,
[902]
and whenever someone signs up
[903]
completely for free using your link,
[905]
when they then go on
normally buying things online
[907]
and they spend their first $25 online,
[910]
you will get $25 put right
into your Ebates account,
[913]
and they will even get $10
back into their Ebates account,
[916]
it's a win-win, you both get free money,
[918]
just for signing up for Ebates,
[919]
and using it to collect your cashback
[921]
every time you buy something online.
[923]
Now given the current state of things,
[924]
Ebates is actually upping
this to help us all out,
[927]
and they raised it to $30.
[928]
So when they spend their first $30 online,
[930]
you get $30 into your account
[932]
and they actually get $30
into their account as well.
[935]
So again, this is not available
in every country or region
[937]
what I'll do is I'll put a link to this
[939]
down in the description,
[940]
I'll actually put my Ebates referral link
[941]
so if you wanna use that,
[943]
as you spend money you
will be able to get $10
[945]
or currently $30 back into your account.
[947]
But the way you'll find out
[948]
is once you use that link and you sign up
[950]
if it says Ebates is not yet available
[952]
in your country or region,
[953]
you just have to wait until it is,
[955]
it will send you an email
to notify you when it is,
[957]
and then you can start referring people.
[958]
But with that said that is a very easy way
[960]
you don't need any skill
[961]
and you can just share this link
[962]
with as many people as possible
[964]
and as they start spending money online,
[966]
you will see the referral commissions
[967]
start to come into your account.
[968]
So guys, that is it for this video.
[970]
Hopefully this has been helpful.
[971]
If you have any questions
on any of these things,
[973]
feel free to leave them in a comment
[975]
and I will get back to
you as fast as I can
[976]
and help you out and get you the answer.
[978]
I'll link up a couple
of those helpful videos
[980]
with the 10 best businesses
[981]
and the 10 worst businesses,
[982]
hopefully that'll be
helpful for you as well.
[984]
But I hope you guys enjoyed this video
[985]
and I'll be seeing you
guys all in the next one.
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