How I Make $1.2 Million A Year Online
TLDRMonique shares her journey of making over $1.2 million a year online, detailing her income sources including e-commerce, digital products, affiliate marketing, and YouTube. She emphasizes the importance of promoting products you believe in and offers tips for beginners, such as using free tools for market research and design. Monique also discusses the benefits of high-yield savings accounts and credit card rewards, while highlighting the hard work and dedication required for such success.
Takeaways
- 😀 The speaker made over a million dollars in a year using just their phone and computer.
- 🏠 They were once laid off, almost lost their home, and quit a new job, but bills kept coming.
- 💻 The speaker encourages others to consider new ways of making money, inspired by their own journey.
- 🛍️ E-commerce, specifically print on demand and digital products, is one of their income sources.
- 📈 They recommend using free tools like Chat GPT and Canva to identify products and create designs for e-commerce.
- 💰 Affiliate marketing is another significant income source, averaging about $30,000 a month.
- 📚 They emphasize the importance of promoting products they believe in to maintain trust with their audience.
- 🎥 YouTube is their biggest source of income, with earnings ranging from $35,000 to $67,000 in a month.
- 💳 They also earn income from high yield savings accounts and premium banking accounts, making about $3,000 a month.
- 💳 Credit card rewards and cash back are additional income streams, but they caution against incurring debt for rewards.
- 🏦 The speaker is exploring other income streams like investments and real estate to diversify their earnings.
Q & A
How much money did the speaker make in the last year using online methods?
-The speaker made over a million dollars in the last year using online methods.
What are the primary activities that allow the speaker to earn money while traveling?
-The speaker earns money through e-commerce, selling print on demand products and digital products, affiliate marketing, and YouTube.
What is the speaker's first income source mentioned in the script?
-The first income source mentioned is e-commerce, specifically selling print on demand products and digital products.
How does the speaker describe the process of selling digital products like guides and courses?
-The speaker mentions creating and selling digital products such as editing guides and courses, highlighting that she made $7,000 in one night from a course.
What tools does the speaker recommend for starting in e-commerce and digital product sales?
-The speaker recommends using free tools like Chat GPT for product ideas, Canva for creating designs, and print on demand platforms or websites like Etsy for selling.
How much money does the speaker make on average through affiliate marketing per month?
-The speaker makes an average of about $30,000 a month through affiliate marketing.
What is the speaker's biggest source of income according to the script?
-The speaker's biggest source of income is YouTube, where she earns money through Google.
What advice does the speaker give about promoting products in affiliate marketing?
-The speaker advises only promoting products that one believes in and warns against promoting products one does not like, as trust is crucial in affiliate marketing.
How does the speaker describe the potential of a faceless YouTube channel?
-The speaker describes a faceless YouTube channel as a viable option for beginners, mentioning that many people are making thousands a month with this approach, even using AI for voiceovers.
What additional income streams does the speaker mention besides online activities?
-The speaker mentions income from premium and high yield savings accounts, as well as rewards from credit card usage.
Outlines
🌐 Digital Entrepreneurship Success
Monique shares her journey of making over a million dollars in a year through online ventures, emphasizing that this is a consistent annual achievement. She discusses the freedom and flexibility this lifestyle provides, allowing her to travel and set her own schedule. Monique clarifies that her intention is not to brag but to inspire viewers to consider alternative income streams. She recounts her personal struggles, such as job loss and financial instability, which led her to explore the internet's potential. Monique introduces her series, 'The Money Hive,' where she shares stories of financial success, and decides to share her own experiences, particularly focusing on e-commerce. She highlights the ease of selling print on demand and digital products, suggesting tools like Chat GPT for market research and Canva for design creation. Monique also mentions the importance of starting with minimal investment and provides resources for further guidance.
💰 Passive Income through Affiliate Marketing
Monique delves into the lucrative world of affiliate marketing, where she earns an average of $30,000 per month. She explains that this income is largely passive, as it is earned through promoting products and earning commissions on sales or sign-ups. Monique stresses the importance of promoting only products she believes in, maintaining trust with her audience. She highlights the potential of platforms like TikTok for beginners in affiliate marketing, especially with its new affiliate program. Monique also mentions other affiliate programs, such as Amazon and Impact.com, and plans to share more about this topic in future videos. She concludes by revealing her largest income source, YouTube, and the significant earnings she has made from it, encouraging viewers to consider the power of social media for generating income.
🏦 High Yield Savings and Credit Card Rewards
Monique discusses her income from high yield savings accounts and premium banking, which offers a 4.25% return rate. She advises viewers to maximize their savings by choosing the right banks and emphasizes the potential of this method to generate significant income, even for those with modest savings. Monique also mentions her earnings from credit card rewards and cash back, cautioning against using credit cards irresponsibly. She advocates for paying off balances in full each month to avoid debt. Monique hints at other income streams she is developing, such as investments and real estate, and encourages viewers to subscribe and engage with her content for more insights into building wealth online. She acknowledges the challenges and hard work involved in her journey, but expresses gratitude for her achievements and the opportunity to share her experiences.
Mindmap
Keywords
💡E-commerce
💡Print on demand
💡Digital products
💡Affiliate marketing
💡TikTok
💡YouTube
💡High yield savings account
💡Credit card rewards
💡Faceless YouTube channel
💡Investments
Highlights
Monique has made over $1.2 million in a year online using her phone and computer.
She emphasizes that her success is not to brag but to inspire others to consider new ways of making money online.
Monique was once in a challenging financial situation, having been laid off and almost losing her home.
She shares her journey of not giving up and now being able to help others achieve financial freedom.
E-commerce, specifically print on demand and digital products, is one of her income sources.
Monique has successfully sold a variety of products, from t-shirts to digital guides and courses.
She made $7,000 in one night from selling a course.
Affiliate marketing is another significant income stream, averaging $30,000 a month for Monique.
Monique only promotes products she believes in to maintain trust with her audience.
TikTok is a current hot spot for affiliate marketing, especially for beginners.
YouTube is Monique's largest income source, where she made over $67,000 in a single month.
She quit her six-figure nurse practitioner job to focus on YouTube opportunities.
Monique recommends creating faceless YouTube channels for those uncomfortable being on camera.
She successfully tested a new faceless channel, gaining over 100 subscribers in less than 7 days.
Monique also earns income from high-yield savings and premium accounts, making about $3,000 a month.
She advises against using credit cards for rewards if one cannot pay off the balance each month.
Monique is working on additional income streams, including investments and real estate.
She emphasizes the importance of hard work, dedication, and time investment for online success.