Do you have no money but you have a ton of willpower and you want to start an online business from scratch. Okay listen, kid, you’re fricking crazy if you don’t have any money and you’re looking to start an online business, but I’m going to go over how it is possible and how we can do that. In this video, I have a couple of things I’ll be going over on this board showing you the step by step process that I would go about if I had nothing and I want to start an online business, start making some money.
Hey, I’m John Crestani and way back when I actually started my business from scratch as well. This was back in college. I had just read this book, the four hour work week and I was like, this is what I want to do. I want to start an online business. I want to travel the world. I want to make lots of money, have tons of fun experiences, but if I was in your position today, now I make over $500,000 per month in my business and you can look up stories about me on Forbes and whatever, but I’m going to go through in this video just being super real with you. If I was starting from zero, here’s how I would go about things. So hopefully this helps. If you like this video or if you have any questions, make sure to like it and ask your questions in the comments. But I’m going to just go to blast through these five things right here.
So the first thing I would do is quantify your time and quantify the amount of money that you are willing to invest. Write it down. Seriously get real about this because can you spend two hours a day creating your online business and how much can you invest? Can you invest a thousand dollars $2,000 $10,000 because this is real talk. It’s going to determine what sort of business you can start. If you have only $5,000 and you want to start an Amazon business, see you later. It’s not going to work out. If you aren’t willing to spend a lot of time, let’s say two hours a week, you’re not going to be able to start a social media consulting business or coaching business. It’s not going to work out. So you need to be real and literally like really quantify this. Write it down. This is how many hours I have. This is how much money I have to invest in creating a business here.
Next thing I would say is to know your strengths and your weaknesses. So if one of your weaknesses is you hate talking to people, okay, you hate doing customer service, you hate pitching clients are doing sales. Starting a social media agency is not going to be your thing. You may have watched a Webinar from Sam Ovens or you may have subscribed to Tai Lopez videos and you find him funny. Both of those guys recommend you start a social media marketing agency, but if that’s your weakness is you don’t want to talk to people, that’s going to be a business for you. That’s not going to be a business. You’re going to survive and you’re not going to be able to handle it. Don’t play to your weaknesses, never play to your weaknesses. There’s a ton of types of businesses you can start and it doesn’t make sense to play to your weaknesses.
Now for instance, if you are good at empathy and graphic design or maybe you’re good at like copywriting and writing really like funny, interesting things. If that’s your strength, affiliate marketing might be for you because, affiliate marketing, a lot of what you’re doing there is writing ads and,, getting ads that are catchy that make people want to engage and buy products. So if you can do that, then that will be a great place for you to be. Now if you are just allergic to money and you are very bad at working for yourself, you have no focus and you can’t even motivate yourself to really focus in on a business.
If you’re just not a self-motivated person, that’s fine. Go out there and be a freelancer find project-based or task-based work on upwork.com something like that, but know your strengths and know your weaknesses, write them down and at for instance. Another one is Amazon. If you’re good at project management and accounting, that’s great for Amazon businesses. Okay? Or business development is great for sourcing products on Amazon, but no, these things. Be aware of them because each different type of online business I’ve been naming a few has different qualities like qualities of the people who succeed in them.
Now l stands for learning; Learn about the different business models that are out there. There are a lot of different ways to make money online. You could start an ad agency, could be an affiliate marketer and write ads. You could start a social media marketing agency.
You could do consulting or coaching. There’s a whole wide range of things you can do, freelancing, etc. To learn about the different business models subscribe to channels such as, mine, I talk about different business models, subscribe to other peoples channels, learn about what business models that are out there, but when you decide on one focus on it and really go deep in that one thing. Okay, when you’re learning, test the waters. But when you’re ready, go deep. But keep in mind there’s a learning phase and then there’s are going deep phase. ‘D’ stands for diary and I don’t mean actually write a diary in like some (fool -fool) stuff and like a life journal. I go, we go. Sue said to do and go from broke up with me. No, what a diary means is I’m talking about basically no and measure your KPIs.
If Your Business is affiliate marketing, for instance, the only way you’re going to make money is if you’re launching ads out there to the public and seeing what people think of your ads. So what you’d want to do is you’d want to make sure that you’re launching five ad campaigns a week, keep an excel spreadsheet of it or keep an actual note pad and write down when you launch an ad campaign. If you’re trying to start a social media marketing agency, keep tabs of how many people you reached out to that day to actually become clients. Let’s say you got to reach out to 25 people a day to grow your business. Make sure you’re reaching out to 25 people every day, but quantify yourself. Don’t be flimsy. Just because you’re working for yourself doesn’t mean you can’t measure it. You have to measure yourself.
You can’t start a business by just being totally free. If you really want to make it as an entrepreneur, know what your KPI’s, key performance indicator, whether that’s reaching out to people, whether that’s writing ads, whether that’s researching and sourcing products on Amazon or whatever that is. Make sure, that metric and you quantified every day or week, whatever that is, to make sure you’re making progress towards that goal. You’ll eventually get better and you’ll optimize things. Your first ads might fail. Your first outreach as a marketing consultant might fail, but you’ll get better over time if you measure yourself and know your numbers.
The last item here is conferences. I actually think conferences are very important for making things real. Every industry has conferences. Affiliate marketing has conferences. Amazon sellers have conferences. ,, consultants are social media agencies have conferences, freelancers have conferences, and these are great places to go.
Meet, mix and mingle. Have a beer if that’s what you’re into. Eat with people, have a coffee, and just learn about real other people’s experiences in the field that you’re interested in going into because that’ll make it real. It’ll give you both the motivation if you see that other people are actually making money in this field, but will also help teach you and give you a network of people to start surrounding yourself with. You are the five people that you surround yourself with, and if you surround yourself with other consultants or other ad agency owners or other coaches or other affiliate marketers, you will become one of them through Osmosis, but you have to surround yourself physically with those people. And I know it sounds weird, but it becomes real.
And I hope this video helps you out. And if you’re interested in learning more about different business models where you can make money online with or just ways that you can quit your job or be a digital nomad, make sure you subscribe to my channel. There should be a button somewhere around here and click that notification bell. You’ll also get by subscribing, you get a free course on affiliate marketing. There are 10 videos in there and I’ll show you the basics of how to get started in affiliate marketing.
Okay, I also have a six-week program, a more intensive program, if that’s something you’re interested. The link is in the description like this video, and if you have any questions or comments for me, make sure to post them down below. I’d love to hear what your thoughts are, and also I’d love to hear which one of these items helped you out the most. Was it knowing to quantify your time and your money? Strengths and weaknesses, learning diary or attending conferences.
© Pendragon Labs LLC. 2019