Blueprint to Generating $10,000 Monthly Revenue Part 1
So this is the blueprint to achieving significant monthly earnings online as a beginner in 2024, and I'm going to walk you through the N steps to getting there now.
Step One is figuring out what not to do. You see, most beginners fail to achieve significant monthly earnings online not because of what they don't do, but because of what they do. They encounter challenges that beginners shouldn't be facing because they're not at a level yet to handle them.
A few of the things that beginners do and lead them to failure are trying to start a business that requires you to put your funds at risk to get it off the ground. Anything that requires you to invest in marketing, to invest in stock, in testing products, or really any type of initial investment really is a very bad idea for a beginner.
Why? Because you're most likely going to put your funds at risk trying to figure out how to get your ads to run profitably, or you're going to end up being stuck with a lot of stock for a product that doesn't sell.
Or you might spend months trying to find a product that sells until you run out of money and you basically haven't found that anything works, so you put your funds at risk and now you don't have anything left.
Or even worse, you might find a product that works and it starts selling well the first month, so you increase the volume, you get even more sales, and then your payment processor decides to put a hold on your funds for 180 days to investigate that you're not doing anything fraudulent and now you have a really big problem
Because you need to fulfill dozens of orders which might cost you dozens of thousands of dollars and you don't have access to your own money that your customers have paid you, meaning you're going to have to pay for the cost to fulfill those orders out of your own pocket until your payment processor decides to give you access back to your own funds which can take 6 Months 8 months often times
Even an entire year and that's how you get into debt which you should avoid at all costs as a beginner and this happens extremely often with a few business models that I'm going to mention in a few minutes and no one talks about this and if you get caught in this situation it might literally take years to recover from it and pay off your debts.
So as a beginner, you want to avoid this at all costs. You don't want to do anything that requires you to put your funds at risk and you don't want to get into debt. Trust me, making these mistakes is deadly especially when you're first starting out.
Now the second thing beginners do that they shouldn't be doing is trying to do something that takes years to develop proficiency in. I'll give you an example: they try to learn how to code in order to develop an app or a software.
Listen, you know how much time it takes to develop proficiency in coding in order to develop an entire app or even work at a position where you're earning income of $110,000 a month as a developer?
It takes years to get there and it's the same thing with creating content, for example. You know, people see me and a few other YouTubers with millions of subscribers earning income from their YouTube channel from you know the ad Revenue so they start thinking I should probably start creating content.
You need to remember it took me 4 years of uploading multiple times a week to get to my first 100,000 subscribers and even at 100,000 subscribers, that's not a full-time income that I could live off of.
I actually had my real businesses YouTube was just a side hobby for many many years, and once I hit 100,000 subscribers it took me another 3 years to get to my first million. You know, I've been on YouTube for my 9th year now.
Creating content is one of the slowest and least efficient ways to achieve significant monthly earnings online. Listen, even if you are extremely good at it, it's not going to take less than a year. Realistically, it will most likely take two or 3 years to get there, and that shouldn't be your main focus when you're first starting out.
There's multiple prospects out there that allow you to achieve significant monthly earnings in a fraction of that time, and I'm going to share them with you in the upcoming steps. And this takes us directly to our second step, step number two.
Now here's what you want to do as a beginner: you want to find something that first allows you to encounter challenges and be wrong for months on end without getting you bankrupt in the process. Something that doesn't cost you money to do because as a beginner you don't have an abundance of cash to burn through.
And you also want something that allows you to achieve significant monthly earnings without having to spend years of your life learning without getting paid during the learning process. You know, you really want something that allows you to learn as you earn.
Listen very closely because right now we are living through the digital Renaissance and you have such a beautiful window of opportunity if you make the most out of this. You know there are a bunch of 20-year-olds taking advantage of this opportunity to get paid as much as most CEOs every single month without having any previous work experience.
And that is exactly what I'm going to show you how to do in the next steps, how to take advantage of one of the greatest opportunities from the last two decades to get started with virtually no initial investment and they can get you paychecks like this along with this in just a matter of weeks even if you have never earned income online before.
And if you're looking for the best online prospect to start as a beginner right now in 2024 and do so without having to spend years working 10-hour plus days just to get a decent income, then these next steps are for you.
I'm about to show you the N-step proven blueprint that 20-year-olds all over the world are using to get paid as much as CEOs and finally without having to put your funds at risk in some risky opportunity that may end up costing you all of your savings and actually without even having to invest barely any money at all.
Now I do want to be 100% transparent here so I have to just say this: just because I got these results does not mean that you will. After all, I am the creator of this blueprint so I always like to make this very clear at the beginning of any training because my reputation and success are built on how transparent I am.
So I certainly cannot guarantee that you will get results like the ones that I've gotten but what I can 100% guarantee is that what you're about to see are the outcomes of other ordinary individuals who are using this legal strategy that I'm about to show you
Like Armando who's only 4 months into this and is on his way to hit his first $220,000 a month or Edin who signed an $11,400 deal as a 15-year-old or VAV who went from delivering Uber Eats to significant monthly earnings in May all the way to $57,000 a month in December.
So with that said let's get into our third step. Most people consider starting with Drop Shipping e-commerce or partner marketing Airbnb the list goes on and they jump into these prospects without ever taking the time to do the most important thing when it comes to making money online which is evaluating each option on a fundamental level so they end up making the biggest mistake of them all
They jump into something that doesn't match their skill level so their likelihood of failing is enormous. You see out of all of the digital prospects out there, I've just mentioned none of those are beginner-friendly prospects.
Now listen don't get me wrong they work and you could actually achieve significant monthly earnings with each of them however, some prospects that will allow you to make millions a month will be extremely hard to succeed with as a beginner. Now at the same time there are a few prospects out there that allow you to make up to seven figures while being realistically attainable for beginners.
And picking the wrong opportunity is like trying to play a new video game in the hardest difficulty instead of working your way up and that's when people end up spending tons of their time spinning their wheels and the result then getting frustrated and most of the time, losing all of the money that they invested into making that opportunity work.
What we want to do is evaluate which opportunity is going to give you the best odds of success as a beginner with the smallest amount of risk, it's all about finding those unequal returns so that's why you got to evaluate each opportunity to see how beginner friendly it is before risking your money and time on any of them.
I actually published an article doing exactly that almost 2 years ago that went viral and people have been requesting for me to make an updated version of it since the prospects have changed a lot since then. So let's do that together now, the first step to evaluate any opportunity is to
1. Set the parameters that we're going to judge them based off of
There are six parameters that come into play when evaluating this transaction value upfront, initial investment upfront, work profitability margins order fulfillment and transaction type.
Transaction Value
Transaction value stands for how much money you receive for each sale. If your product sells for $100 your transaction value is $100, if your service sells for $1,000 on average then your transaction value is $1,000.
Initial Investment And Upfront Work
Now initial investment is how much money you need to invest to get the business off the ground, and upfront work is how much work is required to get the business started and running
Profitability Margins And Order Fulfillment
Profitability margins is how much money you keep out of everything you make in revenue and order fulfillment is how much work is required to deliver the product or service. Recurrence is whether you receive recurring payments as in every single month or you only receive payment once.
Let's use these parameters to judge the most talked about prospects online. You might be wondering why does Kingsley have the authority to speak on each of these prospects? I'll tell you why I've been earning income online since 2014 and when I started started my first proper online business I was 16 years old.
I was living with my single mom she was working minimum wage for NHS which is the free healthcare Service in the UK as a receptionist my father was an alcoholic abusive, I've never met him and I listen I'll be honest this is a very common story you know.
It's not like my childhood was rare but the point is I had no one to guide me. Not only was I starting from zero but I basically had all of the odds stacked against me, now fast forward to today I have my own e-commerce brand it's an eyewear company and that makes well over seven figures a year I ran a seven figure marketing agency for six years I've started and invested in dozens of software companies.
I had a YouTube channel with over 4 million subscribers and the YouTube channel brings in over seven figures a year as well just from AdSense. I earn over $100,000 a month in commissions from different affiliate programs that I don't even really ever promote I made my first million dollar when I was 18 years old.
And every single year I have grown my income since then there's not been one year in my career that my portfolio of companies haven't grown at least 20% in a year. And all of that to say that when it comes to to earning income online, I've got it down. I have tried and succeeded with literally every online opportunity Under the Sun.
I know exactly what works and I know exactly what doesn't work and most importantly I know exactly what works today so with that being said, let's get into our first online prospect.
Drop Shipping
Drop Shipping is probably one of the most well-known online business models and also the one that attracts the most beginners and it consists of selling physical products but instead of having to manage inventory, you ship the product directly from your supplier which is usually in China directly to the final customer.
Drop Shipping is an interesting one because it does have a lot of positive sides since you ship the product directly from the supplier the, Order Fulfillment of the sale is basically hands-off so it's pretty much automated which is great and you also don't need to put your funds at risk since you only pay for the cost of goods once your customer has already paid you.
The profitability margins can be quite high as well since you're shipping the product from China so usually the cost is just a fraction of what you sell it for. It's also very scalable so you can achieve significant monthly earnings with it. Here's what most people don't think about when starting a Drop Shipping Store.
When it comes to the monetary value of transactions for products that you drop ship usually they range from $ 20 to $300 so that means in order to achieve significant monthly earnings online with it, you would have to sell anywhere from 33 to 500 units which requires a lot of marketing skill to accomplish most likely way beyond your skill level when you're first starting out.
It's on the upfront work and investment that most people really get caught off guard, you see just because you don't put your funds at risk for cost of goods it doesn't mean that you don't have any upfront investment. In fact you do and it can be quite a lot for what you might ask the products don't sell themselves, it requires marketing to sell them a lot of marketing and the cost of marketing is what makes drop shipping stores a no-go for beginners.
You see usually anywhere from 40 to 90% of the price of sale of your product was invested into Marketing in the first place so you never even see this money and this is for the successful products by the way, I've worked with a lot of drop shipping stores in my agency and on average you usually have to test 10 to 15 products that fail in order to find one that succeeds.
This means you're going to have to put your funds at risk through a lot of money before ever finding a profitable product that you can scale so I would say a realistic figure for the investment required to go through all of this testing is $5,000 to $10,000. When it comes to recurrence drop shipping is a one-off sale meaning if you do sell $10,000 worth of products in a month the next month you got to start from scratch.
This is because none of those sales are recurring, now this is an online prospect that's actually very good if you're experienced as well as have money to burn through and that's why personally for me it's not a beginner-friendly online prospect.
Affiliate Marketing
Next let's talk about affiliate marketing because it's become extremely popular over the last year and a half. Affiliate marketing is basically when you promote other people's products and get a commission from them. I mean just think about all of the TikToks and shorts you see on YouTube that promote a product in the description and pin the comment.
The thing they're selling usually has a unitary gain between $ 20 and $50 on average, once again that means that to achieve significant monthly earnings with it you would have to sell anywhere from 2,200 to 500 units which is an even harder job than the Drop Shipping example.
When it comes to order fulfillment this is the big perk of affiliate marketing in my opinion because, once the sale is done you don't have to do anything else. The owner of the product takes care of all of the order fulfillment, another perk is that you don't really need to have any initial investment to get started.
The big problem that most people don't see when getting into affiliate marketing is The upfront work that is required. The amount of work you got to put in editing and publishing content day in and day out is insane, listen in order to sell 500 units a month you literally need thousands and thousands of views on your content every single day which takes a lot of volume of content to get.
To give you practical numbers you're literally going to have to publish thousands of shorts, reels, TikToks every single month and trust me I know this because I had an entire team of 20 people fulltime that worked for me with a manager and a department lead that all they do is create content for my personal brand to keep awareness high.
And I can tell you it takes so much time and one person can't do enough of it, and finally the transaction type is usually one-off meaning you get paid once for the sale and that's it. So it's the same situation where if you do achieve significant monthly earnings in one month the next month you're back to zero
Achieving $10,000 worth of sales consistently month after month is an extremely difficult task and the truth is it hardly ever happens and the big problem with this is that you have to do all of the manual work so at the end of the day, you're still trading time for money which means you'll always have to work more in order to make more
Because you have no leverage and the truth is if you're trading time for money in a rare scenario you might Achieve Financial Freedom but you will never achieve time and location freedom, because the moment you stop working is the moment you stop making money.
The bottom line is you want to find an online prospect that allows you to get paid without you needing to trade your time for money. Another prospect that I've been seeing a lot lately online is Airbnb Arbitrage
Airbnb Arbitrage
Airbnb Arbitrage basically consists of renting a property with a landlord and then listing it on Airbnb then with the money you make from hosting people from Airbnb, you can pay for the price of rent and make profit on top. The transactional value really depends on location and the size of the property that you're renting.
It could be anywhere from $100 to upwards of $2,000, there's a lot of upfront work that most people just don't talk about. You see in most places you're going to need special licenses or agreements with the landlord to be able to host people in their property which can be very difficult to get.
And since you need to sign a lease agreement you may get stuck for months with a property that isn't getting booked often enough which is a very risky situation for a beginner and then when it comes to initial investment, you have to have enough money to pay for at the very least 3 months worth of rent for the property which can be anywhere from a hundreds to tens of thousands of dollars.
The profitability margins can be quite good especially if you're able to consistently book out the property and keep it at a high occupancy rate. However, you have to consider that you'll be responsible for maintaining the property, handling any issues that arise with guests, and managing the rental process.
Additionally, Airbnb Arbitrage doesn't offer recurring income. Once a guest checks out, you need to find a new guest to book the property, so there's no passive income aspect to it. It requires constant management and effort to keep the income flowing.
Overall, while Airbnb Arbitrage can be profitable if done right, it's not the most beginner-friendly option due to the initial investment, legal requirements, and ongoing management involved.
This article will produce a part two that you'll have to be on the look out for 2 weeks after this has been published. There is more to talk about but I believe I will have to end this one here and continue in my next articl which will be a part 2. Ladies and gentlemen that is all for today and I will see you in two weeks time
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