How you get more money every day

If you don't want to be like everyone else, broke, stressed, and stuck in a never ending cycle, you need to focus on one thing: making your first $10,000. When I was 18, I had no money and no qualifications, but I did have big ambitions. Instead of worrying about making millions, I set myself the smaller, more achievable goal of making 10K. Now, as a self-made millionaire, I can tell you that first $10,000 was the hardest to make. However, everything changed once I reached it. It was more than just money. It was about proving to myself that making money is a skill and not luck. Once I figured out how to make 10K once, I knew I could do it again and again and eventually scale it into real well. So, if I had to start from scratch and earn that first $10,000 all over again, this is exactly how I would do it in three steps (slow, upbeat music). The majority of people make this way harder than it should be. They try day trading because a guru said it would make them rich, or they jump into crypto because a friend made money from it. The problem is both these methods need huge upfront cash reserves and crazy luck. These are side hustles and they should never be seen as your main source of income. Instead, think of them as tools to multiply your money. When you are just starting out, you need something that requires a small amount of money to begin with and constantly puts cash in your pocket every day. There are only four options when all the noise is removed. I've tried all of these, and take it from me, this choice is crucial because some options offer higher scalability while others are more limited. In the same way, some generate quick cash while others take more time to make money. The first option is to sell services in person. Look, you've probably heard of these before, but I'm talking personal training, delivery driving, dog walking, nail designing, barbering, videography, and so many more. Although these services sound so common and basic, they're actually one of the fastest ways to make money, so don't overlook them as they give you a way to get paid immediately. It's also pretty cheap to get started. All you need is some skills and maybe a few tools, which means you can get up and running very quickly. If you choose to do this, then please don't mess around trying to build a website, run ads, or make a logo. Just get out there. Find some customers in your local area. Pay for the service you provide. I even did this when I was in my teens. I used to walk around rich neighborhoods and offer to wash people's cars. I'd look out for tidy gardens but dirty vehicles. Now, this might sound strange. However, I was betting if they were obsessed over keeping their garden tidy, they'd also want a nice shiny car on their driveway to impress their neighbors. Because these kinds of services are limited by your local area, it meant my demand was pretty up and down. I struggled to produce anything some months while others were busy. When I was busy, I was only able to work with one person at a time, which kept how much I could make in a day. So in-person services are great to get started with, but you can quickly feel like they're limiting your potential. That brings me onto option two, which is local products. Homemade goods, artwork, fresh produce, and other items can all be purchased here. This can be a great way to make money, but it's not something that happens overnight. Unlike services where you get paid as soon as the job's done, selling local products takes time. I gave this a go using some of the profits from my car washing business. I bought some cheap model playing parts, then spent some time building each one up, and then sold them to people at the RC Flying Club, which I went to on the weekends. However, I quickly realized I was putting a lot of work in for very little money. This was hard for me to come to terms with because I really enjoyed building them. Most of my earnings were being eaten up by the cost of materials. And on top of that, my customer base was very limited as there weren't enough people willing to pay what I needed to make it worth my time. So selling local products can be fun and it's definitely worth it if you wanna make some money from something you love. Option three is global products. This includes starting a clothing brand, drop shipping, sneaker reselling, print on-demand, and so much more. Going global gives you access to a much larger customer base, which means you have more opportunities to make money than you do with local products or services. You are not limited to just the people in your town or city, anyone anywhere can buy from you. When I launched my own global products, I was overjoyed. I even flew all the way to China to partner with a manufacturer to produce my model airplane designs and sell them worldwide. Of course, you don't have to do this if you choose to go down the drop shipping or print on-demand routes. However, this wasn't really an option when I started. If I'm honest, things started off pretty slowly for me because I had to keep reinvesting my profits back into new products to sell. Every sale required more investment. Once I sold 10 items, I then needed to buy 20 more to keep up. Instead of pocketing the profits, my money kept getting trapped in this endless cycle of restocking. Ultimately, was it worth it? 100%. However, this is something you should only do if you can wait one to three months for everything to start working. So when this is up and running, it is probably the most passive laziest way to make money that actually works. So that brings us onto option four, selling online services. I didn't have this option when I was younger, but having it now is such a huge advantage. There are so many different online services you can offer. These include copywriting, video editing, thumbnail design, running ads, social media management, the list goes on. Actually, selling services online combines the two greatest advantages of in-person services and global products. This is because a service has global reach but low profit margins. With products, you might make 20 to 30% margin that needs to be reinvested. With services, you are looking at 70 to 80% margins that go straight into your pocket, plus you can start making money from day one. Look, all of these are fantastic ways to make $10,000 as a student, especially these last two options. However, if I wanted to begin earning money as soon as possible, I would choose option four, which would involve selling online services. Therefore, we must now select the precise online service to provide. So start by asking yourself three questions. What are your real strengths? What interests you most to learn about? And what problems do businesses consistently struggle with? The point where your responses overlap is the sweet spot. The majority of people get stuck at this point because they try to perfect their skill for months or even years before offering it to anyone. That is completely wrong. You need to start getting real-world experience as quickly as possible. So start by setting your prices under the normal market rate. Your main aim here is to earn and learn at the same time. Now, let's take this one step further. (slow upbeat music) This is the skill pyramid made up of four elements that when mastered together, transform a high income skill into a $10,000 income. Miss just one and you'll stay stuck at the bottom, working hard but never breaking through. Element one is positioning. You see, not all online services are equal. The real money is in offering to assist businesses in increasing their profits. That's because businesses think about money differently to individuals. When a business is making $50,000 a month, spending 2,000 to solve a problem isn't a big deal as long as it helps 'em make more money. And take it from me, they have a lot of these problems. They need more customers. They need better systems. They need to stand out from their competition. And they need to convert more leads into sales. These problems never go away and businesses are always willing to pay to solve them. On top of this, some industries simply have more money to spend than others. Additionally, you will begin making actual money more quickly if you consider how to reposition yourself. Here are some ideas to get you thinking. Instead of being a video editor for small YouTubers, you could edit videos for an entrepreneur who sells a product. If you make random thumbnails for clients, you could instead aim to become the main designer for an established creator. And if you're a copywriter, don't write cheap articles. Instead, focus on optimizing landing pages. This isn't about learning more skills, it's about putting yourself where the money's being made. Element two is leverage. You'll never make $10,000 without leveraging value over time. Companies do not pay for effort. They pay for results. You will immediately increase your revenue if you charge for the return on investment rather than the hours worked. Let's say you choose to run Facebook ads. If you charge per hour, you are stuck with a fixed rate and the client will always want to keep your hours low. But if you charge based on the money you bring in for the business, suddenly they're not thinking about cost, they're thinking about profit. Additionally, they will gladly pay you more if they can see that your work is directly benefiting them financially. The same goes for if you decide to offer social media management. If you just schedule posts and reply to comments, you are replaceable. But if you can prove that your strategy is bringing in more engagement, more leads and more sales, you become a valuable asset, not just an expense. Trust me, the moment you shift your pitch from what you do to what they gain, you'll find a lot of people are suddenly willing to pay a lot more. Element three is reach. One of the biggest mistakes people make when starting out is thinking they always have to chase clie