I know I’m still kinda new to #Defi #crypto #finance (under 1yr) BUT I got some other expertise
I’ve:
Sold almost $1mil in product on Amazon
Sold 10’s of thousands in info products
Sold hundreds of thousands in consulting
So here’s a thread on making $$ in a bear market
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Here I will lay out all the ways I’ve made money (all of them) as well as a couple ways people I personally know have.
I’m not sharing theory here. These things have put money in my or people I know’s pockets.
Let’s get it…
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Selling on Amazon -
By far the most profitable endeavor, but also the most expensive and labor intensive.
There are LOTS of ways to sell on #Amazon but I chose to create my own brand of product.
I know that sounds kind of hard BUT I did it with zero money (starting out).
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Here’s what I did:
I chose a market to serve.
I researched the needs of that market.
I chose a line of products that would serve that market.
I found suppliers on Alibaba.com that make those products.
I designed a brand and logo.
…
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…
I negotiated branded bulk orders with the Alibaba suppliers.
I paid using credit cards (that I had JUST opened up a month prior).
I started an LLC.
I opened a pro account on Amazon.
I got my step-dad to take photos of the product.
…
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…
I did competitor research and determined the best keywords.
I wrote an SEO friendly Amazon listing for my first product.
I turned on Amazon ads (still putting everything in the credit cards).
I ran a couple of promotions.
I sold $25,000 worth of product the first month
…
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I expanded the product line with more products and variations.
I started a sub-brand under the parent brand.
I introduced a different niche of products.
I got to the point where I was ordering 40ft HQ containers of product every other month.
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Obviously it’s easier said than done and there’s more to it than that but those are the basics on how I sold hundreds of thousands of dollars on Amazon.
But there are other ways to make money on Amazon.
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I have a good friend who is a consultant/wholesaler that does $6 to $10 million a year.
Here’s how.
He started by scrolling through Amazon. He found crappy listings for great products.
He reached out to the brand.
…
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…
He told the brand he could “fix” their listing (increase conversions, get more sales, etc) for a *hefty* fee.
OR
If they give him wholesale prices he’d sell the products himself.
Now he has a team that does this for him.
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I’ve also made great money selling info-products.
Here’s how…
First, I mastered a topic.
Again, easier said than done. But almost everyone has enough interest in at least one topic to be well versed on it.
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True story I knew of a guy who was making $15k a month selling instructions on how to build a chicken coop.
Just about everyone knows enough about a topic that somebody is willing to pay you for what you know.
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And if you really don’t, you can always go learn.
Anyway, so I had mastered how to rank on Amazon at this point.
So I wrote a book.
You’re probably thinking “I can’t write a book.”
But I have a HACK…
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… Get a speech-to-text software and just speak your knowledge and expertise.
Then give the text to an editor. This is literally what I did.
I spoke the words into a program called Dragon Naturally Speaking. Then I had someone else copy edit.
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Later I decided books took to long to write so I created SOPs (standard operating procedures).
I built a sales funnel and sold these in PDF format.
These info products generated $$10’s of thousands.
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I know someone who makes money selling info products with NO INFO.
These are called “low content.”
They are:
Notebooks
Sketch pads
Calendars
Planners
Many of these were not even professionally designed, but made in Canva.
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I’ve also made a lot of money consulting.
Again this is because I mastered a skill.
But honestly mastery may not even be required.
You just have to be a few steps farther along a journey than other people and they’ll typically be willing to pay you for help.
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I’ve had mentors set up consulting clients for me, I’ve had my peers refer others to me, and I’ve been hit up in DMs by strangers looking for help.
All this happened because of ONE activity. ..
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…I would go online and answer questions.
I answered questions on Reddit, on Quora, on Facebook, in niche forums. Everywhere.
Funny thing is the answers weren’t even always correct.
It didn’t matter though. I was being helpful and I established myself as an expert.
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These consulting gigs landed me job opportunities as well. All amounting to very good money.
And all I had to do was prioritize being helpful and answering questions.
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Other, smaller things I’ve done to make extra money:
Taught myself how to build Manychat chatbots and sold them.
Taught myself how to build no-code automations in Integromat and sold them.
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All total I’ve generated over $1million with little to no startup capital by teaching myself new skills and then ultimately sharing what I’ve learned.
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So if you’re looking to change your economic status then my advice is to:
Find an in-demand industry or skill.
Learn how to master that skill or serve that industry (YouTube is your friend).
Illustrate your expertise by being helpful and answering questions.
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If you like this, I got TONS of ideas for side-hustles I’m happy to share.
ALSO if you found this helpful please retweet the first tweet. Twitter been trippin on my distribution lately.
RETWEETING REALLY HELPS
cheers mfkers
🧵/finis