How to Make $10,000 a Month Online as a Beginner in 2024

Key Steps to Success

Step 1: What Not To Do

• Most beginners fail because they do things they shouldn't do.
• Avoid these mistakes:
  • Starting a business that requires financial investment.
  • Engaging in activities requiring significant upfront work without speedy returns.
  • Example pitfalls: Drop Shipping, Coding, YouTube content creation.
• Risks:
  • Burning through savings in ads and stock.
  • Potential payment processor holds.
  • Delayed returns making things financially unfeasible for beginners.

Step 2: Criteria for a Beginner-Friendly Business

• Seek low-investment, low-risk opportunities.
• Choose something that allows continuous learning without huge upfront capital.
• Leverage the digital transformation post-2020.
• Key is finding something scalable, lean on investment, and practical in the short run.

Evaluation of Popular Online Opportunities

• Drop Shipping

  • Automated fulfillment but high marketing costs.
  • Requires a lot of sales for significant revenue.
  • Not beginner-friendly due to marketing expenditure.

• Affiliate Marketing

  • Low investment but requires high volume of content creation.
  • Quality services (high ticket/high return): Benefits over quantity.
  • Not consistent and still trades time for money.

• Airbnb Arbitrage

  • Requires significant upfront investment and legal agreements.
  • Also involves high risk and isn't immediately profitable.

• Info Products

  • Control over pricing but demands substantial creation effort.
  • Needs continuous funding for ads and better suited for experienced individuals.

Ideal Beginner-Friendly Opportunity

• Must have high transaction value without requiring a high number of sales.
• Should have minimal upfront investment and operational costs.
• Needs to provide high-profit margins and easier fulfillment.
• Must have recurring revenue potential.
• Solution: Drop Servicing - Connect businesses with service providers without doing the actual work.

Step-by-Step Process to Establish Drop Servicing

1. Setting Up

   • Choose a niche and service to offer.
   • Prefer niches where businesses make significant monthly revenue.
   • Prioritize online marketing services due to high demand (e.g., content creation, Facebook ads).

2. Outreach Methods

   • Employ tactics such as cold emailing, LinkedIn, video audits.
   • Present offers and close deals by understanding client needs.
   • Charge what the service is worth, not what it costs to deliver.

3. Fulfilling Orders Through Contractors

   • Leverage contractors from countries with lower labor costs.
   • Pay contractors a fraction of what clients are charged.
   • Maintain transparency and focus on high-quality service delivery.

The Legal Loophole - Drop Servicing

• Functions similarly to Drop Shipping but with services instead of products.
• Connect businesses requiring services with global contractors.
• No upfront costs as the client pays first, ensuring zero risk in payment flow.
• Leverage different labor costs across countries to maintain high-profit margins.
• Ensures scalability without the need for proprietary skill sets.

Path to Success in Drop Servicing

• Consider niche sectors (e.g., equipment sellers for specific professions).
• Leverage diverse service providers offering high-quality outputs at lower costs.
• Focus on efficient management and clear communication for service delivery.
• Use platforms like Loom for effective client pitches.

Further Steps for Guaranteed Success

• Participate in community and mentorship programs for continuous support.
• Take advantage of plug-and-play templates and trainings.
• Enroll in programs like Agency Navigator for a structured, supportive learning path.
• Use the first 6 weeks to build foundational habits for consistent progress.
• Access community forums and coaching for real-time support.