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Make 10,000 dollars

Sulayman Kone

By Sulayman KonePublished 3 years ago 14 min read

ladies and gentlemen absolutely everyone

wants to know how to make ten thousand

dollars a month as a student the only

issue is there's a lot of BS out there

there's a lot of misinformation and

there's a lot of people making it seem a

lot easier than it actually is so in

today's video I'm gonna break down the

three main components you need to focus

on in order to make ten thousand dollars

a month as a student now in this video

I'm gonna give you the three main

components but after you finish watching

this video I'm Gonna Leave a link in the

description and that link will take you

to my most popular video so far this

year on YouTube that video breaks down

the seven to eight most popular online

business models and will help you break

down and figure out what will work the

best for you this year now the first

thing you need in order to hit ten

thousand dollars a month as a student is

the right vehicle and let me tell you

what I mean you see the thing is you

need a means you need an opportunity

that is big enough but not too risky you

can actually achieve ten thousand

dollars a month as a student now I will

say that ten thousand dollars a month

and I'm really not trying to be

insensitive here I understand that I was

a fringe case I hit ten thousand dollars

a month when I was 17 years old but I'm

gonna talk about that a little later on

in this video and how I actually got to

that place I had ten thousand dollars a

month when I was 17 years old and by the

end of that year before I turned 18 I

was hitting 30 to 40 000 a month so I'm

speaking here from experience you need a

vehicle a way that you can make that

sort of money but a way in which you're

not gonna risk losing all of the money

that you do have so the first thing that

I will tell you is trading is out the

window I'm gonna be very honest with you

there's a lot of Traders out there that

are trying to sell you BS because when

you sign up with their little affiliate

link and you get your ten dollars free

blah blah blah when you lose money

that's actually where they make money

they don't make money on the little ten

dollars or twenty dollar sign up that

they get when you join they make money

when you lose they're literally

incentivized for you to lose and listen

that's just the honest truth of it even

if you have a thousand dollars for you

to take a thousand dollars and turn that

into ten or twenty thousand dollars in a

single year is actually very difficult

the amount of success successful trades

the average of all those successful

trades is very very difficult whereas

for you to take a thousand dollars and

invest that into starting a very lean

online business I mean by the end of the

year you're talking tens of thousands of

dollars I don't think realistically

you're gonna hit hundreds of thousands

of dollars in your first year it happens

sometimes but it's very unrealistic but

definitely by the end of the year you

should be making more than your average

salary if you were just working a

traditional nine to five and the best

part is you should be able to do it

remotely so in order to make money you

need something that spits out free cash

flow and what I mean by that is profit

that you can actually use because here's

the other thing I'm going to tell you

people always look at net worth they go

oh he has 100 million dollars net worth

but his entire net worth is in his

company and he can't take out money out

of his company because he may have

investors or this or that or you have

certain people for example a lot of

people in the property game where they

have a lot of money their portfolio is

worth a lot but they're not very cash

Rich they don't actually have a lot of

cash laying around they're wealthy but

their money is tied up in places and

that's not the place that you want to be

at when you're first starting a business

so a lot of businesses like for example

building a proper e-commerce brand and

by the way when I say proper e-commerce

brand once again I'm speaking from

experience I've had an eyewear company

for a few years and the thing is the

packaging Everything Is Beautiful we've

got this beautiful black velvet finish

on the inside so this business is okay

it's my smallest business it makes

around 1.2 to 1.5 million dollars a year

and that sounds great Until you realize

that we have 50 margins so I'm only

keeping 50 of that money and it's even

worse when you realize that any of my

profit that I make I can't keep I have

to roll that into New Stock because

especially a product like this is

actually very difficult to make so for

me to put in an order now of another

five thousand to ten thousand units I

may only get that in three four five

months depending on the time of the year

so even though someone would look at him

go that's a 1.5 million dollar a year

business at 50 margins you never

actually get to keep that profit because

you always have to reinvest into the

business and that is very different to

for example a service based business so

if you're offering a service to clients

whether that be building their marketing

funnels whether that be doing their

short form content you know little short

form tick tocks and reels and doing lots

of those and creating many accounts for

them and distributing it all over the

internet all the way to doing for

example their Google ads and focusing

specifically on Google ads for

e-commerce Brands as an example listen

whatever the service is it needs to have

one of two things High perceived value

to the client and what I mean by that is

it needs to be something that they're

like oh wow this is actually worth it

I'm more than happy as a business to pay

this external consultant or service

provider a thousand dollars a month

three thousand dollars a month you name

it or it needs to have high leverage and

what I mean by that is listen you can

still be an online personal trainer but

if you want to make ten thousand dollars

a month you need to hire people below

you who work as coaches and that way

you're an online personal trainer and

you do some of the coaching but then you

may have coaches underneath you you know

personal trainers that work with local

gyms and you just pay them a small fee

and they do the rest of coaching so

that's leverage or let's say you have an

agency that creates YouTube thumbnails

for people thumbnails on YouTube are

such an important aspect to video but

people don't pay crazy amounts for

thumbnails but if you can hire someone

in Brazil Romania India for a thousand

dollars a month which is a great salary

there especially remotely and their work

is able to produce three four five

thousand dollars a month in terms of

business for your thumbnail agency or

for your thumbnail Performance Marketing

business whatever you want to call

yourself the point is is that that is

leverage that's you being able to take

something off your plate so either you

need to offer a service or guidance

Consulting on something that brings so

much value to businesses that you can

actually make 10K a month just as a

solopreneur or more realistically you'll

be able to do it solo until three four

five thousand dollars a month and then

you need to start using leverage and you

need to maybe make a little less on the

margin but make far more money at the

end of the month because you have people

who can deliver these things for you so

just remember with the business models

that I'm talking about you're not going

to make 100 million dollars I'm gonna be

very honest with you but the other thing

that you're not gonna do is you're not

gonna go broke and that's the

unfortunate thing with a lot of these

other businesses for example I'll give

you my main business my software company

that is business that gets into the

multiple nine figures and that's all

cool and fine and well but you need to

realize there's a big chunk of money

needed that I had to put forward to

start the company and that's number one

but then I had the massive competitive

advantage of a massive audience and even

me it took me four years to be like

listen I'm not ready I'm not ready I

don't feel like I have the skill set the

understanding and the sort of influence

to start a business worth hundreds of

millions of dollars so what did I do I

started a service based business back in

2016 and I ran that business for six

years so just remember the business

model that gets you to ten thousand

dollars a month and by the way I

actually managed to get my service based

business up to 150 000 a month in profit

can never get further than that I tried

I'm sure someone else has been able to

do it but for the way that I wanted to

run it which was lean remote no office I

was pretty happy with that so as I was

saying the business that gets you the

10K a month will not necessarily get you

to a hundred million dollars but that's

okay baby steps here choose the right

vehicle for the right career stage

you're at and then the next component to

making ten thousand dollars a month once

you find the right vehicle is stretch

out the timeline and here is the very

unfortunate thing about social media you

see 20 years ago if you were let's say

21 years old and you were making four

thousand dollars a month without having

to go to a traditional nine to five you

would think that you are a king you

would think that you're a baller you

would think that you are killing it and

we live in such a up world where

now you look online and you think I'm 21

years old and I don't work a traditional

nine to five and I have location freedom

and I have time freedom I can wake up

whenever I want but I'm only making four

thousand dollars a month I'm not making

ten thousand dollars a month and you

feel depressed because of it how

up is that and by the way I even know

that I have a part to play in that

because what I've been able to do in my

career at my age is not normal but

that's why I always like to tell people

that listen what I've done is very

unrealistic and a third of it was

incredible dedication and hard work a

third of it was timing creating the

right businesses at the right time and

the last third of it was luck or God or

whatever you want to call it whether

you're a person of Faith or not up to

you so I like to make that very clear to

people and then I also like Point people

back to 2015 when I was broke and I was

starting a business to take care of me

and my single mom and I was going to the

gym every single day and recording it I

was reading a book a week and putting

out on YouTube so you need to understand

I started my first business my first

Venture and at that point you know I was

really more of a side Hustle but still I

was making a few thousand dollars a

month back in 2014 and granted I only

did that for a few months and then that

business model stopped working and then

I moved to the next thing but really the

point is I was putting in work between

2014 to 2017 and it took me three years

to have my first ten thousand dollars a

month and that's totally fine that's

actually pretty cool if you work as hard

as I did do I think it will take you

three years no because it's so crazy the

internet moves so quickly the back in

2014 I didn't have the opportunities

that you can have today even things like

getting payment processors were so

difficult back then it was it was such a

struggle to even just try to do business

being a 14 year old whereas these days

you have so many more options so do I

think it will take you three years if

you really dedicate pick the right

vehicle follow all of the advice that I

give you in this video do I think that

it will take you 3 years no honestly no

but even if it does who cares I really

cannot stress how vital it is that you

set your expectations to making ten

thousand dollars a month set your

expectation not in months but in years

don't think how many months it's gonna

take me think how many years now here's

the thing if you achieve it quicker

Bless you that's amazing I'm over the

moon for you and listen try to get rich

faster of course do it wealth needs to

be built slowly and Welfare is built

over time but try to get rich try to

make as much money as you can ethically

and morally that is but at the end of

the day I'm trying to set these

expectations for you because here's the

thing many of you guys will try and

let's say you're giving your absolute

best for six months and if your

expectations are oh within six months

you know I was expecting to be doing

seven thousand dollars already and

you're only doing twelve hundred dollars

from your online business dude you're

making twelve hundred dollars online do

you realize how amazing that is

and here's the beautiful thing when it

rains it pours and by the way that also

applies negatively and positively in

life and the point here here is this is

usually how business works and this is

what I can tell you now coming up to 10

years since I started my first side

hustle and getting to a point where I

have a conglomerate of businesses and

over 150 employees the way it works is

usually something like this it goes like

this and you Flatline for the longest

time and right as you're thinking like

am I just gonna be stuck here forever it

shoots up and then you Flatline it

shoots up and by the way within these

points you have little down moments and

stuff like that but the point is there's

a lot of flat lining there's a lot of

you getting to a new level in life and

then really cementing it really setting

that foundation so I wanted to make this

clear and I wanted to make this one of

the other components just so that way

your expectations are clear they're in

the right place and so you don't quit

before you even properly try now the

last component to making ten thousand

dollars a month and it's kind of like if

you're running a marathon I would much

rather tell people that hey on Mile 18

that's really going to be the tough mile

that's really where things are gonna get

rough because at least when you face

something if you have context beforehand

it makes it a little easier and you feel

less alone so I want to give you guys

context not only for how to get to 10K

but what happens once you hit 10K you

see the third component is not just

getting there it's staying there you see

making 10 000 a month and once again I'm

really trying my best not to be

insensitive here I get it I have done it

I've witnessed thousands of people do it

even in my close proximity so I know

that for me it may seem easier than for

you guys for some of you guys you may be

looking at this and going okay well it's

easy for you to say but trust me you'll

you'll understand in due time making ten

thousand dollars a month is the easy

part continuing to make ten thousand

dollars a month that's where it gets

difficult and also keeping that money

and then multiplying it growing your

wealth over time and rather than acting

like some new money idiots learn from

old money even in my situation even

though I am new money I knew from day

one that I would make it but I always

promised myself that I would study old

money to understand how to actually keep

it and multiply my wealth so the third

component of making ten thousand dollars

a month is understanding that once you

get there you're not done that is

actually simply just the beginning now

it is time to cement your place have

that as a Baseline and the crazy thing

is we all have Financial baselines you

know for me I remember when when my

Baseline was a thousand dollars a month

and this around six years ago I was

still in school at this point and that

doesn't mean what you're trying to make

what you're aiming to make it just means

if you go below that point it will keep

you up you're like this it doesn't match

your identity you're like this isn't me

and I remember when I went from a

thousand dollars and I went to five

thousand dollars and then went to ten

thousand dollars and listen since then

I've been very blessed to have an

amazing career and it's gone up to a

hundred thousand dollars a month and now

a million dollars a month and you know

God willing at some point it'll be a few

million dollars a month and that'll be

my absolute Baseline I can't even

conceive a reality where it's less than

that so the point I'm trying to make is

once you get to 10K a month it's more

than about making it an identity it's

more than about making that as your

Baseline as I said your financial

identity is not what you're aiming for

it's where anything below that and you

would just feel off you'll be like this

isn't me I'm I'm better than this so

number one is get to 10K a month and

once you get there make it your

financial identity and once that is

solid and that's locked in then you can

keep working your way up the ranks so

ladies and gentlemen I hope this has

been useful to you and as always I'm

watching you from afar and I'm rooting

for you

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