7 Strategies to Attain Substantial Monthly Income

Not only choosing the wrong model but choosing the wrong strategy that surrounds that model. This goes very true with the first one that I'm going to talk about which is dropshipping. Historically, i have never been a fan of dropshipping over the years.

This is because when you are first starting off a business, it is all about offense and defense. It's about choosing businesses where the risk to reward ratio is in your favor. I have seen it time and time again over the past few years where people will spend $2,000 or even $10,000 on ads just putting more money into ads trying to find a winning product and it just doesn't work.

Now the beauty is, in 2023 you can use free traffic sources like tiktok, wheels and even YouTube shorts. You can use these in order to validate your product. When it comes to dropshipping the most important thing isn't having a fancy headline or having a fancy creative.

The most important thing is product selection, finding the right product. And not only finding the right product but in the right timing. There are products that made sales back in 2014 that will not sell in 2023. It is okay to constantly find new winning products as long as you're not pouring money down the drain with ads.

This is why in 2023, i would recommend it as a viable business model. The next way to achieve significant monthly earnings in 2023 is not for everyone. Not everyone is born a natural sales person, so making it your full time career and basically where you base your income off of isn't the wise move.

But if it doesn't scare you or you have a natural propensity to it, then becoming a high ticket closer is a very profitable method to earn income. There are soo many companies out there that needs sales people. There are agencies out there that needs sales people.

There are even software communities out there that needs sales people, in most cases we have sales reps making significant monthly earnings because they basically speak and sell to some of our enterprise clients. And the beauty of this is that you can work from anywhere around the world.

But i will say that there are certain countries where you may be at a disadvantage, for most companies, they don't buy into the idea of hiring remote sales people in Australia because it's a bit of a tough time zone. Then again, there is plenty of sales roles within Australia and Swaziland.

So you can work from anywhere in the world and the beauty of it is that majority of the world's billionaires actually started off with offering some sort of sales. That makes sense because i truly believe that sales is something that everyone has to learn. Even if you get the rudimentary of sales, it is something that will feed you for the rest of your life.

The next way to achieve significant monthly earnings is by creating a YouTube channel. YouTube is not for everyone but if you do it right, you can achieve a comfortable lifestyle from adsense. But the main thing here is strategy, just understand that this days vlog channels don't really work and you need to understand the CPM which is how much you're getting paid for a thousand views.

It's very low in some industries and a lot higher in other industries. So if you understand that if you set your strategy correctly, if you understand how to make interesting and engaging content with good titles, good thumbnails and keep the audience interested then you can definitely make from $2,000 to $10,000.

Obviously there are some people making hundreds of thousands of dollars a month on YouTube. And even a $k5 to $10k a month is very incredible and it is more than possible.

Now moving on, we all have our unique skill sets, we all have those things that we've just been reading and studying about for as long as we remember. And this is where online coaching becomes a very clear avenue to make significant monthly earnings online.

There is some of you that have had horrible crippling health issues and because of that you've had to learn about good health, and you spend years studying about everything about immune system and stuffs like that. If you've experienced that and you've helped yourself, then you could help other people too.

Some of you guys are banging at google sheets, and trust me when i tell you there are a lot of individuals and a lot of companies who are paying top dollar for organizational help. If you are good at setting up home offices, setting up lightings, smart systems in a house.

That is something i recently had to deal with when i moved into a new home. I cleared out one room as an office and i had to set up all the light, smart systems and if i had someone who i could literally just pay for this set up and let them do all the work, of course i will pay for it.

And if i had someone who would consult me to provide me services then i would pay because it helps me reclaim a lot of my time. So whatever it is that you have a keen interest in, that thing that you've been studying and learning about. Just even in your free time never even expecting to make money, well you can make money from that by coaching other people online in 2023.

The next method i want to talk about is affiliate marketing. Some of you guys do not want to spend years developing a product, building a company behind it and risking your money with everything that comes with it as a traditional entrepreneur

And by the way, I'm speaking from experience. I started my first online business when i was 16. And i can tell you that starting an online low-capital venture is by far the best thing. It's the best quarry of life, it's what i will recommend to everyone.

It's soo much better than what i had to do latter on in my journey more serious businesses, spending hundreds of thousands of dollars to just get the business off the ground in investment. Having employees, complicated cooperate stuff.

The point is that if you want to avoid all of that, and instead you just want to focus on helping sell a product, service or whatever it maybe, then affiliate marketing is for you. Pretty much every company out there has an affiliate marketing program, even Amazon.

So as longs as you can get traffic from blogs, videos or maybe you even have a free facebook group or a free discord group where you help people and in the back-end you recommend softwares. If that is the case then you can make a very good income from affiliate marketing.

I would definitely say that out of all the affiliate marketing offers out there, the best ones are softwares. There is actually a software out there where a friend of mine makes $20,000 a week because he mentioned it in one YouTube video about two years ago.

He used the video as his medium to deliver that. But let's say he had a blog post reviewing it and every single year he made an update of review on that software, then ones again the real beauty of becoming an affiliate for a software is that there is monthly recurring income.

If the software company is good and have a good affiliate program, they should pay you month in and month out. Moving on, for some people, they like to be alone. They like to write, they like to be in peace and in silence.

You know, and they don't want to be in front of a camera, they don't want the public eye. They just want to write and write. This is really where you can start to get compensated handsomely. The next thing I'm going to suggest to you is copywriting. And copywriting is the ability to sell to many people through written word.

So rather than selling to just one person, for example like being a high ticket sales closer, instead you can sell to many people through written word. You've got ecommerce companies, software companies, education companies and the list goes on and on.

All of these companies have current existing customers or potential leads and they've spent money to acquire these and a lot of times they are just sitting there doing nothing. If you can start doing email marketing for them even some copywriting for their Twitter page or whatever it may be, you can very easily if they have all these customers sitting there and waiting, you can easily bring them in an extra $20,000 in revenue.

And this is from people who already know, like and trust the company and you can strike a deal and earn 10% of that money. If you brought me a million dollars, I will be happy to give you a hundred thousand of that. And that's the exact same philosophy that these companies have.

Now let's say you brought to that company $20k and you took 10%, you have 2k for yourself and that's cool. That's $2k still a gig side money but say you get four of these clients, now you're making a very good substantial revenue in 2023. The best part is you never need to make your face public in the same way you need to in coaching, YouTube or being a high ticket sales closer.

The last model I am going to suggest is my absolute favorite and it's business I run for six years. It was the first business to yield significant wealth for me and that allowed me to cash out to definitely go ahead and start the remaining of my companies. And that is starting an online boutique marketing agency.

In my first couple of years I was basically a glorified contractor. I was an agency owner but I was basically doing everything myself until one day when I started to realize that the biggest companies like Uber and more, they focus on the experience and let someone else deliver the actual thing for them.

I looked at that and that's what I started to realize that you need to apply the same business model to an agency. Basically what you do is to use contractor arbitrage. In a lot of countries, making $300, $500 per month per client is a lot of money and the beautiful thing is you can sell to clients in France, England, USA.

Selling an actual business, I'm not talking about personal trainer or coaching. I'm talking about real actual businesses that have hundreds of thousands of dollars a month in expenses and are always looking for new ways to get customers whether that be through short form content, email marketing or whatever it is.

You can sell to proper business for $1,500 a month or even $3,000 but the problem is there is an arbitrage there because you are very skilled hungry dedicated talent for example, in Brazil, they will service that client for $600 and that client will happily pay $2k.

Your main thing you need to do is to focus on getting clients and make sure that you're giving them the best agency experience possible. If this sounds crazy to you, these massive agencies that make a hundred million dollars and have those swanky offices, do you know what they do?

They get cheap interns, cheap people out of college, they work for them and then they charge ten plus the mark from their clients. So you're basically doing the same thing that big agencies do except you're doing it lean, remote and you're using the entire global landscape to find the best talent to service your client.

This is the model where potential is boundless. Yes of course you should aim for significant monthly earnings but you can hit the 20's, 50's really just how far you want to take that particular model. My only recommendation to you is don't think that traditional paid facebook ad agency. Think about potential short form agency.

Whatever service you feel is off the market or your specific industry that you want to get into needs, feel free to offer that. Don't be confined from just google ads or facebook ads agency. You can really get creative with it here. So ladies and gentlemen, those are 7 ideas to achieve significant monthly earnings.

I have given you many options here and you can choose one of them. The most important theme is "just pick one and do it. No more procrastinations and just understand that imperfect action is better than inaction." And on that note, I'm rooting for you and I'll see you in the next article.