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    Sunday, January 7, 2018

    "If you want to make money fast, learn a skill and contact 50 businesses per day once you've learned" Entrepreneur

    "If you want to make money fast, learn a skill and contact 50 businesses per day once you've learned" Entrepreneur


    "If you want to make money fast, learn a skill and contact 50 businesses per day once you've learned"

    Posted: 07 Jan 2018 03:14 AM PST

    That what told me a web designer/developer who owns a huge Facebook group of entrepreneurs. I've asked him what kind of online service does he provide for businesses and he responded with the following:

    "I'm selling websites for businesses. That's about it. Today, learning a skill is so easy. If you want to sell websites, just buy a 10$ course, learn how to create a website, then learn some prospecting and test email scripts. Businesses have no time to take care of their websites and they'll pay you thousands to do it for them."

    When I hear the term "make money FAST" I usually suspect this is some kind of bullshit. But I was surprised that he didn't send a 1000 lines message describing some MLM system, some kind of affiliate link or any website at all. He talked about develop a skill and sell it.

    As much as I recall from this subreddit, many of you are creating businesses from scratch and to my knowledge you don't have necessarily any background before.

    How did you find the knowledge (and courage) to do it?

    Or do you agree with that and you are using your skills to make money (online or offline)?

    I always believed skills (like web developing/designing) takes years to learn and master. He talks about it like it's piece of cake. Is that really the case?

    submitted by /u/johnsime
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    I decided to try becoming a YouTuber to save my 8 year old Ecomm business. So far...holy moly!

    Posted: 07 Jan 2018 08:02 AM PST

    I've been around this sub for years now and usually just read, maybe comment. My background: I design and manufacture my product and have sold it online since I was a teenager. No dropshipping, no social media bots, just good old fashion online business building a brand.

    Most importantly, I've never paid for advertising or traffic...ever. The benefit of this was that after an intial round of amazing international press I rode a 4-5 year wave of orders simply...coming in. Word-of-mouth advertising is just amazing and produces loyal, long-lasting customers.

    Until 2016.

    Backlinks die, hairdressers throw the magazine you're in away, sites go down, things happen. We started getting less traffic, and thus, fewer sales. Seeing my first downwards trend ever, I tried to hire social media marketing people, tried to learn how to advertise on Facebook, but I didn't have the time to do any of it properly and it just felt...wrong. We've always sold direct to our end customer, our product is very personal, and the advertising didn't work for us (at least the way I was doing it).

    Then one day, as I'm sure many of you have, I just lost it. I spent 8 hours in a fever of brainstorming, looking around for how we could reignite the organic growth we had easily done pre-Instagram and Reddit on forums back in the day (good lord were forums an amazing way to build a business quickly).

    I saw a specific video hit the Reddit #1 post and thought wait a minute...we could make videos like that with what we do, and people seem into it. I did some digging, having only seen YouTube as a place for viral videos, and saw the community there. I studied for months, maybe a year- It was a last ditch effort, but it was worth a shot.

    So finally we polished up a plan and an aesthetic and made a video...then we made another...then we made another, hoping people would watch us on YouTube and click the link to buy our products. At first, it was slow - a month went by, four weekly videos, and a grand total of 30 people visited the site.

    But it kept growing, so we kept going.

    I just figured I'd post because as of today, in just 9 weeks and a ten videos, YouTube has become our #1 Social referral to our website. It's overtaken our Instagram with 25k followers, our Facebook with 10k, and that's only with around 100,000 total views on the channel!

    Everyone loves graphs, HERE'S THE GROWTH SO FAR

    Our website has averaged around 250 uniques a day for the past 3-4 years (we did about $350k off that in 2016), but that dropped under 200 last year. Youtube is now sending a full days worth of traffic per week, which is great so far. The CTR is going up and up, from .02% to a full 1% this past week. Most importantly, people are buying! The traffic is more valuable than our other social media traffic, and for every million views at the current rate we'd be looking at about $10k in sales on our website.

    So, I know this sub is often times about the latest drop shipping importing Amazon thing, but I thought I'd drop a little note to say that yes - if you have patience and put out some good stuff for free, you can very much still grow your business organically. It's very Gary Vee, but it's true. And holy moly is video powerful!

    submitted by /u/longdrivehome
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    Anyone else super annoyed at “experts” and “gurus” selling online courses?

    Posted: 06 Jan 2018 06:20 PM PST

    seriously. spend half an hour on instagram and you'll see its flooded with people selling their shit ecommerce and real estate courses with little sponsered ads. What's your honest opinion? Are people going to start realizing that people are only out to get profit and not help you, or will they continue buying courses? I'm 17 and i'm thinking of creating one bc of the ridiculously small operationg cost.

    submitted by /u/thecashmasta
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    What happens when I bought a business that isn't exactly as advertised? Can I renegotiate?

    Posted: 07 Jan 2018 08:47 AM PST

    So we have purchased an online business and are still in the phase of migrating it over to ourselves. A couple things have popped up that make me feel like we aren't getting our money's worth. In the end I guess it's all about whether we are profiting, but I feel like I should point out to the seller and the broker the discrepancies. My question is, what should I demand for it, if I can demand anything?

    Background info: The business is two amazon listings. The product is sourced in China and generates about $1500 a month in revenue at the moment. We also got the social accounts and domain but there is no website and none of the accounts are mature. (we see this as a opportunity for growth). We paid 30k plus costs of the physical inventory.

    The first issue is that we have been migrating for a month and a half. We made the purchase a week prior to Black Friday and I made the comment that it would be nice if we could be migrated to get those sales (I knew it wasn't realistic). The response was that it wasn't likely but there was no indication that it would be over a month before we would be getting the sales on our end. The reason it took so long is that some issues came up that restricted the seller from migrating their full amazon seller account over to us. Instead we had to make our own account. This meant we needed new SKUs since the seller was different. Which means physically relabeling all inventory. We missed all holiday sales because of this delay.

    The next issue was that we were told the designs were exclusive to the seller. That there was no competition as far as the designs go because they were bought them from an artist with the agreement that they could not be sold elsewhere. Come to find out now that they finally gave us the source for the designs, they were just bought from creativemarket and etsy with a commercial license. This doesn't stop anyone else from buying these designs and using them on a similar product.

    Third, the sale was supposed to include SOPs, training manuals, etc. So far all of the guidance has been via a support thread or whatsapp message which is very hard to follow. To their credit they have made some quick cell phone videos to guide us through some of our questions, but nothing is organized unless I want to copy and paste everything and make my own training manual. I even created a google doc just so we could track questions and issues in one place. I feel like I shouldn't have to be the one spearheading that type of thing.

    submitted by /u/petiteminotaure
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    Were you ever completely lost in life? How did you find your direction?

    Posted: 06 Jan 2018 11:28 PM PST

    I ask because I am lost as fuck. I don't know what I enjoy, I don't know what I am good at except for following directions. All I know that I want is to call myself an 'entrepreneur' and to one day be significantly wealthy. I can't settle for the boring, easy life because I would actually rather kill myself. The only thing that keeps me from killing myself now is knowing that if I keep going it's gonna be pretty dope down the line and I can't end it like this.

    So to those who wandered, how did you find your way?

    submitted by /u/for2enty
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    The basics of Marketing that every entrepreneur should know

    Posted: 07 Jan 2018 11:12 AM PST

    Hello there entrepreneurs,

    I know most of you will inevitably think about ways of promoting your business in order to increase awareness or revenue. This process may become very frustrating because you either do not understand the process or find agencies to be an evil mechanism that only consumes money, which may or may not be true in some cases. From my experience, below you have some of the processes and important info to know before starting any marketing strategy.

    What's are the steps to start promoting your product/service online?

    1. Business Math - there is no guessing in digital marketing. Everything is determined by numbers. In order to determine max CPC, return on ad spent ( ROAS), conversion value you will need to provide some valuable business data.
    • your cost per acquisition ( CPA)
    • what is an action important for your business that brings revenue
    • what percentage of each of those actions turn into a sale
    • what's your monthly budget that you have set aside only for advertising
    1. Market information - there are tools available to help all marketers in order to help make informed decisions. You will need to know what are your competitors, how much they're spending and what advertising channels they use ( and yes, we do have access to that data through specialized tools).

    2. Budget - online marketing does not have a maximum budget. It's an endless pit and you can spend insane amounts of money. In case of Google Adwords, your budget determines how many keywords you can buy. For example, if one keyword costs $2 and you had 600 people clicking on the ad then you have spent a total of $600. The minimum amount of money you have to spend on each marketing channel is determined by how much budget your closest competitor has, targeted location, shipping radius, number of keywords you can afford to bid on, number of marketing channels you decide to go with.

    Here are all the current options for Advertising:

    • Adwords Search - you only pay when someone clicks on your ad and it's based on keywords
    • Adwords Display - people see images that link back to a page. You will need a graphic designer to create the images and you can choose between classic banners, dynamic display, responsive display. You still have to pay per click. The ROAS and CTR are lower.
    • Adwords Remarketing - these ads target people that have visited a page on your website but didn't make an action. You can create audience lists and target them based on their need. It offers you higher chances to convert people.
    • Adwords Shopping - these are the most complicated ads to run because it requires having a web programmer and an account on Google Merchant Center.
    • Adwords Video - these appear on youtube and on other Google Partners and you pay per view.
    • Facebook Ads - keep in mind that there are a lot of strategies that you can choose from in this case as well.
    • Instagram Ads
    • Twitter Ads
    • Pinterest Ads
    • E-mail Marketing - still one of the best marketing funnels out there
    • Influencer Marketing - there are tools to find the best influencers that can bring you a very high revenue.

    Extra marketing services:

    • Reputation management
    • Business Development
    • Content Creation

    I consider SEO is a part of a magical realm that never comes true.

    You do not need to use all the marketing channels, but only the ones that make sense for your business. You can start with one and then as you get more results you can add more.

    1. Patience - you and your expert/ agency/ freelancer are a team and the better you communicate your needs, within reasonable limits, the better results you will get. Nothing happens overnight and it might take 2 - 3 months in order to see some results. Everything is fine-tuned periodically. Experts do not just dump an ad and keyword together and then we let it happen.
      Marketing is a very complex monster which requires a lot of math, business development, creativeness, tactics, sweat and tears.

    2. Payment - some agencies or professionals charge a percentage of your ad spent, per hour, per creation or a mix of both.

    3. Several talents - you can hire several freelancers/agencies/experts because every each of them has different sets of skills.

    I hope this gave you a better understanding of what online marketing implies. Most people have very high expectations and have already a negative view of agencies and professionals but I do not believe this is the case at all. Again, this is my experience and I cannot vouch for yours.

    Cheers

    submitted by /u/digital_unicorn_ca
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    40k followers on social media, 90k monthly webpage visits. How do I monetize this?

    Posted: 07 Jan 2018 01:45 PM PST

    I've had a webpage running for a few years which has gotten way more attention than I originally anticipated. I never expected it to get more than 5k visits a month, but it has grown to over 90k visits a month, and now I'm a bit clueless about how to handle the situation, and more importantly, how to monetize it.

    The original vision was to educate people about a specific foreign language (because of privacy reasons, I won't go into which one here). Since there was countless of beginner material already available online, I chose to focus on the more advanced stuff. This was because I felt like I couldn't compete. Needless to say, my original content didn't do very well; most people learning a language won't even get past the beginner stage.

    Anyway, I switched to more beginner-friendly content and my website grew to numbers I could never have imagined (Very little SEO, yet on top of Google searches...). However, the ad revenue has been abysmal. At best, I've done slightly less than $200 per month. The visitor numbers have started to diminish (again, Google...) and I have no idea how to go about this.

    Any suggestions? Every suggestion is greatly appreciated.

    submitted by /u/1xx2x
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    Direct Mailing Solutions?

    Posted: 07 Jan 2018 01:36 PM PST

    Hey fellow grinders. We are looking to direct mail a summer camp brochure to customers in our area. Has anyone used / heard of company's who do the printing mailing work for you? Hoping I can just upload all of the addresses and the brochure design.

    Or if it's area specific, what should I google in my area to find (what did you google)?

    Thanks!

    submitted by /u/Rocky_Balboa_Lite
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    FREE social media marketing & management from my established agency, for YOUR business (Giving something back to r/entrepreneur)

    Posted: 07 Jan 2018 01:31 PM PST

    Hi there,

    Long-time lurker and infrequent poster here – some of you may or may not know that over the past few months, I've used this wonderful resource and pool of knowledge that is r/entrepreneur to gain not only invaluable advice, but even long-term clients, and since my social media marketing & management agency has now grown to 15 employees strong, I wanted to give something back to the community.

    My agency, Social Gainer, was born out of the vision to provide an affordable, quality service – the average social media marketing and management agency will charge $3,000 - $4,000 a month; we provide exactly the same as them, and more on top, for a literally negligible price that any business could afford – obviously I can't disclose the exact figure, but to even the smallest or newest of businesses, it's an insignificant cost (that doesn't sacrifice on quality!) – and anyway, unlike most, we aim to provide our clients a return on investment through social media, so it's more like we're paying you, to work for you, if that makes sense? 😉

    At this point, we've taken on a wide variety of clients, from one of the largest home brewing suppliers in North America, to a $2mil funded Silicon Valley self-driving start-up, several small local businesses and a completely new online blog.

    Anyway – here's what we're willing to offer your business, regardless of whether you're a fresh start-up, local independent business, or corporate empire – for free, for two weeks:

    • A guarantee to grow your social media profiles by 100% in at least two areas.

    • Two Twitter posts a day, and a Facebook and Instagram post every Monday, Thursday and Saturday (such are the best days for viewership and engagement) – with the whole schedule of posts across all platforms approved by you 100% beforehand, so you know exactly what's going out.

    • A fully comprehensive report at the end of the two weeks, detailing in precise terms the progress of all your social media platforms, such as followers and likes gained, alongside extensive research into your potential future growth, return on investment and indeed your online demographic and market (this being how to identify and attract your core customer base – and more still, grow it!)

    • 24/7 General support and advice on any matters pertaining to online presence coupled with consultancy advice on online marketing and presence

    Let me be clear: this is a free, two week, no strings attached offer from us to you; quite simply, if you think we're worth the investment at the end of it, then feel free to take us on full time – we pride ourselves in being highly affordable. But, if you didn't want to stay on with us, that would be fine and we'd wish you all the best.

    If you'd like to take up on this unique, free opportunity then please get back to me at admin@socialgainer.co.uk or leave a comment here, I can only take on so many people, so if in doubt, get in contact - as soon as possible! If you'd like, it would be wonderful, as part of our offer, to sit down and have a face to face meeting via Skype so we can get acquainted and go through the finer details, although if just going between E-Mail is more your style, then that's great too.

    We look forward to hearing from you soon,

    Sebastian, founder of Social Gainer; admin@socialgainer.co.uk

    P.S. - It doesn't matter if you haven't got social media accounts for your business, we'd be glad to help with that!

    By the way, here are some referrals/quotes regarding Social Gainer:

    "Sebastian has been working on accounts for me and really is a tremendous help. I would recommend him to anyone who needs some help in the social media area. My account has really grown in following and interaction in just over a few weeks"

    "I don't think I'd have it as big as I do now if it wasn't for your help" Brian Meiggs, founder and current owner of Millennial Money Guide

    submitted by /u/Jam-Tart
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    df

    Posted: 07 Jan 2018 01:30 PM PST

    Lead Generation for B2B Companies

    Posted: 07 Jan 2018 01:19 PM PST

    What are you guys using right now?

    The classic approach I used to use back in the day (I feel old) was either hiring someone off UpWork or a scrapebox + clever google search thing.

    How are you guys approaching it for new/small B2B services?

    submitted by /u/Mehtabification
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    Alibaba shipping directly to door

    Posted: 07 Jan 2018 09:31 AM PST

    I'm in the UK. After searching on Alibaba, contacting suppliers and requesting samples, I have found the product I'm looking for and about to put in an order.

    I'm ordering 500 iPhone cases, the cost is $400 (£295). They said they will ship directly to my house with the cost being $203 (£150). So the overall total being $603 (£445).

    I'm just wondering, will it actually make it to my door? Or will it be stopped at customs? If so, what will I have to do then, and around how much will it cost? How much am I looking at for import tax, if I will get charged for it?

    Thanks

    submitted by /u/KEE93UK
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    College sophomore looking for help with startup!

    Posted: 07 Jan 2018 01:12 PM PST

    Hey /r/entrepreneur, I have an idea and I'm not sure how to bring that idea to life in the most efficient way. I'm currently a sophomore college student in a fraternity at a big state school. The dues for half of the fraternities at my school are over 10k a year and a lot of this money goes to parties and the alcohol for these parties. The majority of the alcohol consumed is vodka and currently every fraternity and organization is paying $14+ for bottom of the shelf potato vodka. I want to start my own vodka brand to replace these shitty plactic bottles of popov and taaka. From what I see I have two options. *Buy bottles off of a wholesale website, make my own labels, and find a local distillery that will fill the bottles. By doing this I would go around getting all the necessary documentation but I would be saving money until I can afford to have these documents done. The lack of documentation would not effect wether or not the fraternities would buy these bottles of vodka, but a concern I have is wether or not I would be able to find a distillery that would fill the bottles without proper paperwork. *Try to raise enough money to have everything done properly using a contract bottling company. From what I understand the contract bottling company would file all the legal documents from the paperwork for the label to the paperwork for the vodka itself. The problem I see with this plan is that the people I am contacting to invest in my product would like to see results and after contacting companies I am seeing that it would cost no less than $15k for the smallest possible order (including paperwork). Another thing I have going for this idea is that one of the alumni of my chapter is the creator of one of the largest vodka companies in the U.S. and is constantly at the house for events, my plan is to talk to him and see what he thinks. Is my idea to start a vodka brand completely crazy or is it doable?

    submitted by /u/daviy6
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    thoughts on our student project idea

    Posted: 07 Jan 2018 12:20 PM PST

    hi,

    a friend of me and me are both students. He is working in IT now and I worked for a small company and did SEA, some analytics, and social-media marketing.

    We are creating now a guide on our website, a kind of an e-learning how to get your business digital. We do it because it fascinates us. I have some freelance experience in SEA, social media ads, and analytics, HTML, CSS, js. During our learning path, when we will be doing freelance work and while creating this e-learning platform, which will be also a source of a blog and marketing tool, we want to figure out, how we can specialize and deliver this product.

    The aim is in the end, to have a full functioning e-learning free guide to earn trust. After more experience in getting businesses online and driving traffic and getting case studies, we would like to focus on a niche and maybe later just do sales and even hire some other freelancer, who may deliver our product.

    This is the vision, if it will not work out we still will focus on our studies and job.

    Why? Because while working in a small company I saw that many small companies lack knowledge about going digital. Therefore we want to create this free e-learning guide.

    We saw google lunched something similar in the States: www.gybo.com

    As said we want to see how it will go and we are also doing it because we like seeing other people growth, especially smaller businesses getting more sales.

    Just wanted to share our project and if it has potential growth? Open to feedback and inputs

    submitted by /u/dyonn_digital
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    Ideas for using a plotter

    Posted: 07 Jan 2018 11:55 AM PST

    I was given a pen plotter, like what's shown here https://www.youtube.com/watch?v=5492ZjivAQ0 How could I use this to make money?

    I was thinking about high quality wedding invitations written and shipped using high quality ink.

    However I am open to ideas from anyone else.

    submitted by /u/vier86
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    How is my traffic top 19%?!?

    Posted: 07 Jan 2018 11:44 AM PST

    My Shopify back end says "your traffic is in the top 19% of stores that launched the same week as you."

    I get 10-12 visitors per day. Extremely low traffic (I need help BTW) but how is that even possible that represents top 19%. Madness.

    submitted by /u/RxYVR
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    What are some tasks that can be outsourced to a VA?

    Posted: 07 Jan 2018 11:15 AM PST

    I occasionally see people here talking about outsourcing tasks to a VA, but I've always wondered what kind of tasks could be outsourced?

    Do you have some examples for me?

    submitted by /u/Tycoon538
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    Families, what businesses have you started to stop working 9-5?

    Posted: 07 Jan 2018 10:57 AM PST

    (U.S.) Sorry if this has been posted before.

    I work a standard 40 hours a week and would like to start a business to eventually get out this grind. After attending school for 7 years (I have a master's) I found a decent job, but I don't want to work for someone else forever. I'm not doing too bad (probably 50k a year with commission) but nearly all of my money goes to bills.

    I have a 2 year old daughter and a girlfriend that says she's willing to support me through anything, but she doesn't feel like she can help with a business. It's essentially up to me get it started.

    I constantly think of things but don't seem to come up with a viable idea that hasn't been done already. My dream has always been to play drums in any capacity. I've been playing for 13 years with a few breaks and I know this is the ultimate job for me.

    My degree was sort of a "backup." I went to school for plant pathology and plant health management to eventually be able to grow cannabis. This would be a great backup, but I wanted to start my own grow. I just don't know where to start, especially in an industry with a questionable future.

    Is anyone else in a similar position? What advice would you give to someone like me?

    submitted by /u/ZebraServedFresh
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    Shipping Products

    Posted: 07 Jan 2018 09:19 AM PST

    I'm going to be starting an e-commerce website soon using Square Space (not taking the traditional FBA route) and was wondering if anyone had recommendedations on the cheapest way to ship products across the United States. My product is only around half a pound and can be made to be fairly compact. Further info, I'm going to be getting a po box with a physical addres. Thanks for any help.

    submitted by /u/HODLforlife
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    New "boss" here. Question about hiring. Do I need the "blessing" of an employees parents to offer a job?

    Posted: 07 Jan 2018 11:48 AM PST

    Had my eye an a certain prospect for a while now. Have no clue the proper "etiquette" in this situation. Do I need permission from this guys parents before I can offer a job? Like asking for a hand in marriage and all that?

    submitted by /u/firesnakeprophecy
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    Has anyone tried hiring outsourced virtual assistants to help with tasks?

    Posted: 07 Jan 2018 07:41 AM PST

    I was on the phone last night and this guy recommended them. I was curious if anyone here has tried it and if so, where did you find them, what kind of things do they do for you, how much do you pay them, would you recommend them?

    submitted by /u/zshakked
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    More clients with Instagram promotions

    Posted: 07 Jan 2018 07:03 AM PST

    I run logo and brand design service. I'm going to pay small amount of money to Instagrm account with 150k followers.

    I think I will choose an account that post entrepreneur quotes to attract people who have companies or planing to open one.

    Have anyone of you done something similar? Do you have suggestion for other Instagram account I should ask for promotion?

    Thank you.

    submitted by /u/netdom
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    I’d like to start teaching some of the ways I’ve made money over the past year... advice?

    Posted: 07 Jan 2018 06:40 AM PST

    I did a lot of freelancing for the past few years. This past year, after a lot of trial and error I landed on a few techniques and put some systems in place that I think could make anyone willing to put some time into them a good amount of money.

    I'd like to share this with other people so they can be profitable as well. I added one of my methods to YouTube (https://youtu.be/yhDNHcIC5Yo) and thought that if I give it for free I could add a guide on there and have some affiliate links to make me a few bucks here and there.

    Should I keep going with this method or would it be more profitable to provide less information for free and then sell a course for let's say $35. Also if a course is priced at $35 will that deter you from buying it?? All the courses I see now a days are $199+

    submitted by /u/MacaYT
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