The Best Online Businesses To Start In 2021

https://www.youtube.com/watch?v=HTRnKBWkjE0

Hey everyone this is stefan james from project life mastery today i'm going to share with you what i believe to be the
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best online businesses to start in 2021. so if you're here right now because
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you're considering or interested in pursuing an online business but you're not quite sure where to start
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you're not quite sure what direction you should go and what are the best opportunities for you
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then that's what this video is for i want to give you clarity so that you can identify the best online business
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opportunity for you so that you can hit the ground running and build your business to provide the
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lifestyle and the freedom that you really want now before i dive into this i will
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mention that's a little bit difficult to define what the best is because all of us have a different definition
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of what the best online business is for us we all have a different criteria of what you want to get from your business
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and that's really where you got to start you got to get clarity on what you really want from
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your business for some of you maybe it's to make as much money as you can and if that's the case then i can share
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with you different opportunities that are going to make you a lot more money and provide a lot more
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freedom perhaps or financial abundance than other opportunities but i also know for some of you you're
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not just doing this to make money because at the end of the day if you make your money but you're still
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miserable you're not happy you're not really doing what you love you're not making an impact and a contribution in
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the world then what are you doing it all for so for some of you i know you want to make
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money but at the same time you want to make money doing something you love doing something that you actually enjoy
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something that brings fulfillment to your life and if that's you there's a different opportunity that i can share
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with you that might make you less money but provide more of that fulfillment that
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what you're looking for some of you you want to make an impact you want to make a contribution to the
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world you want to feel good about what you're putting out there what you're selling you want to make the
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world better through your business and the work that you're doing and if that's you there
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might be better opportunities that's the best one for you to pursue
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that can give you the impact that can give you the fulfillment doing what you love but also can provide the income and
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the freedom so for all of us here there's going to be a business that's right for you
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you know and you got to identify what that is there's some businesses that require you perhaps to put your face out
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there to be the face of the business to be the brand as i am with project life
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mastery but i also recognize there's a lot of you that don't want to do that you're more of a private person you're
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more behind the scenes and if that's you there's a different path there's a different business opportunity for you
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so that's why it's difficult and impossible to say what's the best i want to give you an accurate answer
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and an actionable answer so that you can get that clarity and move in the right direction to where you
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want to be that's in alignment with your strengths and your weaknesses but also your vision
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right that's what kind of information i want to give you here today now before i dive into this i have a
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bold request of you please give this video a thumbs up here on youtube that helps the youtube
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algorithm boost this video and reach more people subscribe here on project life mastery
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for more great quality content on how to build a business and change your life
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as well as leave a comment below and i also will mention that i put together a quiz that i'll link to below or if you
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go to www.projectlifemastery.com quiz that will complement this video takes about 60 seconds to complete but
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based on your answers will point you in the best direction for you on which online business opportunity
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that you should pursue and it takes into consideration of how much money you have because some of you have
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more money some of you not much money that's going to maybe change your options of what opportunity is best for
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you as well as you know do you want to really make an impact you want to
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have the freedom there's some businesses that provide more freedom others not as much
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some that might make it so you're trading your time for money a little bit more
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all of those things are taken into consideration so complete the quiz at projectlifemaster.com quiz and it'll
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help point you in the right direction okay so here's the opportunities that i think are the best ones
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to consider first one would be e-commerce and specifically starting to sell on
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amazon and the reason why i think this is one of the greatest opportunities especially going into 2021
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and even beyond that is because e-commerce and online retail has been exploding due to everything that's been
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happening with the pandemic more and more people are being forced to shop online more and more
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retail stores physical retail stores malls and shopping outlets are closing down
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this provides a huge opportunity for someone like yourself to put a product out there
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on a website like amazon leverage amazon's fulfillment fulfillment by amazon so they'll store
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the product for you they'll ship the product for you they'll handle the payment processing the refunds
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all the heavy lifting amazon kind of takes off your shoulders and handles that for you
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that's a huge opportunity because amazon has been at the the forefront of all the benefits and the growth
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out of everything that's been happening thus far with the pandemic so selling on amazon is a fantastic
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business opportunity starting with amazon because they're a marketplace people go to amazon to buy
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amazon's a search engine people go there search for products to buy amazon has their paid advertising
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platform and again they take care of a lot of the parts of running your business so that you can focus on just
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creating creating a great quality product that's unique and different but also marketing that product and
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promoting it and that's a huge trend and opportunity that's been happening for a few years now but it's
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really accelerated so much more and so much faster due to everything that's been happening with
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the pandemic so that's not slowing down a rising tide raises all boats
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getting your boat on amazon getting your own piece of your own listing your own real estate on
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amazon's website will only benefit you long term and then from there that opens up other
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doors if you're building your brand to start selling on shopify to build your own website on shopify now
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shopify is not a marketplace so you don't get the search engine benefits and the
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advertising benefits and to attract customers that amazon provides for you but shopify is powerful when you want to
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scale and you're building your brand outside of amazon and you've got external
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traffic sources so if you want to run facebook ads or google ads or influencer marketing or
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doing seo or you know youtube or social media all of that will benefit once you ven eventually
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build your brand and transition from amazon to also building your shopify huge opportunity there uh that's a
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business model though that might not be for everybody because it does cost money to start you have to invest in
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inventory shipping your product overseas if you're shipping it from somewhere like china either by boat or
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plane that's going to cost money packaging your product even selling on amazon
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has amazon has their seller fees there's inventory and a couple thousand dollars worth of expenses to really
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start that business if you're starting with less than a couple thousand bucks like less than a thousand dollars
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you're going to be very limited in product opportunities that you can start with
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and that's going to affect your profit margins and make it very difficult for you to really grow that sort of business
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but nonetheless if you have a couple thousand dollars and you're willing to invest it and build this business
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it's one of the greatest business opportunities i think that exists right now
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it's also a business that you can be behind the scenes you don't have to put yourself out there
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although if you want to if you want to be the face of your brand and product that could be a great benefit
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it's also an incredible business that you can sell it's an asset that you're building that you can sell
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and a lot of ecommerce entrepreneurs they build it their business to a point and they sell it for
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a three to sometimes six times multiple so that's huge um because there's a big demand of
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people that want to buy ecommerce businesses that want to buy online businesses i know a few brokers
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that's all they do is they broker of different different opportunities for people that
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want to buy and sell ecommerce businesses so there's a lot of opportunity there and a huge demand if
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you want to build it to six figure seven figures and then sell it and get a six or seven figure
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payouts huge opportunity there that i think can be a great fit for a lot of people
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the next opportunity i'd say is being an influencer or a content creator the rise of
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influencers has been huge i mean this was not an opportunity
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uh you know when i grew up going to school and trying to figure out what i want to do with my life
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being an influencer was not an option but today it is and companies uh understand how powerful
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an influencer is and that's why a lot of these big companies are now partnering with in influencers and
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finding people have a youtube channel a podcast following on instagram any form of
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attention on tick tock they're willing to pay these influencers to endorse their product to to sponsor
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their product to share their product um because the influencer is someone that's creating
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content that's in direct relationship with the audience that these companies want to
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reach the influencers building the relationship the goodwill
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the followers like know and trust that influencer and that gives a tremendous amount of influence that an influencer
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has in someone else's life and so by building your your youtube channel or building a podcast or your
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instagram or whatever it might be that's a huge opportunity that's not slowing down a lot of kids in high
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school are doing this and making six figure seven figures a lot of opportunity in that and there's
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a lot of a lot of different options in how you monetize your audience
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so you build an audience and either companies will pursue you to do brand you know different
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sponsorships or collaborations so they'll pay you to create a video promoting their product uh they'll pay
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you to make a post on your instagram i know a variety of influencers that command thousands to tens of thousands
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of dollars just for making a post on their instagram or making a youtube video
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so companies are willing to pay that right because they know what the return on investment they're gonna get
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and how powerful that is for them growing their their sales and growing their business as well
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as all the different platforms or not all of them but a lot of them are getting better with their
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advertising platforms so for example here on youtube you probably watched an advertisement
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before watching this now when i first started as a youtuber over nine years about nine years ago
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there was no advertising on youtube uh that's something that they've started off over the last few years so
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now what i've noticed on my youtube channel is that there's a lot of advertisers that want to advertise
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to you guys to my audience and they're bidding and competing on how much money they want to pay
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so my youtube channel now makes a significant income a six-figure income every year
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just from the advertisements that are being displayed on my channel that's huge so content creators are
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getting rewarded for the content that they're producing if you have a podcast there's a lot of
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companies that will pay to have an advertisement on your podcast that that opens up the door and is a huge
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game changer and when you look at some of the top podcasts or the top youtube shows out
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there what kind of deals they've been getting if you look at the kardashians if you
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look at joe rogan and a variety of others have been getting multi-million dollar deals of companies
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that want to pay to get in front of their audience or to be exclusive like joe rogan signed
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with spotify for a number of years i think got like 100 million dollars for that
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so the bar is being set on what the value is of being an influencer and it you know you cannot only make
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money of collaboration sponsorships the advertisements on youtube and things like that but also it opens up the door
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for other things like affiliate marketing or creating your own online course which are other things
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that i'll talk a little bit about as well now when it comes to being an influencer it's not for everybody not
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everybody wants to put themselves out there not everybody uh knows how to communicate in a way
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that you need to communicate to get people's attention it's not easy to get people's attention it's not easy
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to get people to like know and trust you it's not easy to be entertaining
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and to have someone sit there and give you their time especially when there's a lot of different options of things that
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they can watch or consume so it is a business you're trading your time for money um
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it's going to require you to always kind of stay on the cutting edge and to be relevant to get people's attention you
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have to be creative with that but a lot of people enjoy the creativity of that and for me i enjoy doing this
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because i get to help a lot of people and make an impact but it also helps me grow and
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improve myself in my life too and so um for someone that's interested in those components of that and have the
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strengths that complement being an influencer i think it can be a great one of the best
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opportunities to pursue the third one is affiliate marketing affiliate marketing is a process of
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promoting someone else's product and you earning a commission from that now one of the best ways for companies
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to build their company and to get more sales is through creating an affiliate program
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so some of the biggest companies they have an affiliate program even amazon has their own affiliate program called
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amazon associates which give you the opportunity to promote almost any product out there
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through the affiliate program you get an affiliate link and when you share this link or you
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promote this link when people click on it and they go to buy that product you earn an affiliate commission from
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that affiliate marketing is one of my favorite ways of making money online because i'm
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always investing myself coming across great quality products things that i use for myself to grow and
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improve myself that it's pretty easy for me just to share that with my audience it's pretty easy for me to share that
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with you guys number one because i believe in it and i know you guys will benefit from it
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but number two if they have an affiliate program then i can also make some money from that as well
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so it's great because you're not going to create every product yourself you might want to create your own
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product your own course but maybe that's not your thing maybe you're just really good at marketing maybe
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you're really good at getting people's attention and you can share great quality products
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and what i like about affiliate marketing is i don't have to shoulder all the responsibility and the
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burden of creating a product creating a course creating an amazon product dealing with
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customers and you know the the marketing of it the funnels the sales copy
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conversion rates refunds all the components that are involved in creating a product it's not easy
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but as an affiliate marketer i can instead partner with these companies promote their product as if it's my own
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and then just focus on the marketing component of it and make a great commission from that
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so i love that that's a win-win it's a win for you because if you have an audience your audience
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hopefully benefits from what you share with them uh the products that you share with them
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can help them go further faster and helping them achieve their goals it's a win for the company because
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they've now acquired customers they wouldn't normally have been able to acquire by you
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promoting their product to your audience and it's a win for me too because i got to share something that's
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awesome and get rewarded for that so i like affiliate marketing for that reason and affiliate marketing
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is always going to be an amazing opportunity because it is just one of the best
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ways for a company to grow their company and to sell their products is just to incentivize affiliate
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marketers to incentivize influencers to share and promote their product by rewarding them by
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offering them a commission for the promotions that they do so i love affiliate marketing uh there's
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many products that i promoted and shared done incredibly well with i make seven figures a year just from
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doing affiliate marketing uh courses and softwares and tools that i use i'm just never gonna create but i
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know can help you guys because they help me and my business and i can share these things
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with you and if you happen to sign up or purchase it through my link i can make some money doing that
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so affiliate marketing is awesome powerful uh you have to get good at creating content or or advertising
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that's the one skill you got to get good at and it's pretty simple because you know
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like i said you're kind of sharing half the responsibilities of building a business
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you don't have to focus on everything you're only focusing on half so getting good at
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one platform maybe it's youtube maybe it's facebook instagram a blog and doing seo uh getting really
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great at attracting people to your content and funneling them funneling them to an email list or
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through your affiliate links that's a lot simpler in my opinion than creating your own product and doing all
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that sort of stuff great business model that doesn't really cost much money to start you can start
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pretty much with nothing so that's very appealing for a lot of people but with affiliate marketing you got to
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enjoy marketing and learning about how to generate traffic now the fourth one is creating a course
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educating people now i mentioned creating content let's say on youtube or being a content
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creator the next level is creating your own online course and that could be a video
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course an audio course could even be books if you want to pursue that on amazon books are still
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great opportunity if you can really benefit from the growth of amazon and the
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platform and what they provide books are lower ticket products they're great to sell if you want to
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create a book or you want to generate leads from a book or maybe you don't have much money to
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start with and you want to make some passive income and publishing books on amazon is a great
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entry point a great beginner friendly model to make some passive income by leveraging amazon that doesn't cost as
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much as creating a physical products business with all the inventory and whatnot
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but online courses is also great too because there's a lot of people there's a lot of information obviously
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out there on the internet but a lot of the information is not that high quality or it's very scattered it's not complete
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it's not sequential so a lot of people they don't want to learn just by watching
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a million random youtube videos and trying to figure it out and pieces together
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people want to learn in a way that's efficient a way that can help them produce the result a lot
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faster and time is such a valuable asset that a lot of people are willing to invest their money in a course that can
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save them time i'm one of those people i never you know i think it's always stupid for
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me to try to figure out learning something or mastering something by being really scattered i'd much
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rather find the best and learn directly from that person and invest in a comprehensive
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in-depth program that can guide me from a to z and not confuse me and complicate or
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overwhelm me along the way that's very actionable that can progres progress me towards achieving my
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goal that's what an online course is it's a shortened learning curve
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so there's a lot of people that that's how they want to learn they don't want to go to university they want to learn
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almost anything you can think of and they're looking for an online course or an educational program
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that can help them achieve that so i create some of my own courses it's not easy to credit course it is a
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more i say intermediate or more advanced business model because creating a course is challenging to not
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only create the course and the product itself but the membership website the expenses
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involved with that your sales pages your copywriting your email marketing the integrations
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the payment processing the customer support there's a lot of pieces involved in that on top of the marketing and
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getting traffic that you would have to do with something like affiliate marketing that's why i
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like affiliate marketing because i don't have to do all of this i just focus on attracting people and
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funneling them to a great quality course that might be even better than what i could personally create but if you are
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someone that does like to teach if you are someone that likes to help other people and maybe you've built an
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audience already through youtube and you've already proven and validated that people like to listen to you and
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they they think you're a good teacher and there's an opportunity there for you to
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take it to that next level by providing a course for them then that can be a great step to pursue
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i think it's smarter though before you do that to be an influencer first as well as maybe do affiliate marketing
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and then once you got the basics down and you got consistent traffic and you know how to promote and sell something
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through an affiliate link then take that next step in creating an online course but i look at the online
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course industry as a great opportunity a great opportunity for me i'm pursuing all of these opportunities of what i've
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shared with you but i'd say these are the four uh best ones that i'd consider pursuing in 2021
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and even beyond that i only see the opportunity getting better with these i only see the
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internet growing and these opportunities have accelerated in their growth because of the pandemic so more and more people
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spending their time on the internet provides an even greater opportunity for you so these are the ones that i like
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that i consider pursuing for you these are all ones that i personally pursue and have been pursuing and will continue
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to pursue just because i think the opportunities are so great hopefully this video has been helpful
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for you and helping you to get some clarity on what might be the better option for
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you now the question is can you make money with all of these the answer is of course you can make
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money with any of these opportunities but really the one that you should pursue is the one that you believe in
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the one that you're going to actually do and take action with if you don't take action with it you're
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not going to make money i could tell you how great of an opportunity this is or that is but if you don't believe it
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enough and you're not inspired enough to actually do it then you're obviously not going to get
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any results from it so you can make money from any of these it's up to you now to take action with it
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and to pursue it and to master it and if you do that it can really change your life and and provide so much
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for you now if you want to check out the quiz i'll link to that below or go to
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www.projectlifemaster.com quiz takes about 60 seconds will help give you more clarity but i also share a
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lot of resources that can help you get started with each of these different
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opportunities uh some of the best resources that i've come across a course that i've created
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or someone else's course or product that can help teach you the steps involved to to start making
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money from this opportunity so i'll link that below for you otherwise thank you so much for watching
00:20:51
if you enjoyed this give it a thumbs up leave a comment below let me know what opportunity that you're pursuing
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or perhaps there's a better one perhaps there's one that i didn't mention that you really like
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that you want to pursue instead whatever that is leave a comment below let me know
00:21:05
subscribe here to project life master for more and i look forward to seeing you again

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