discusses various online money-making methods for beginners, focusing on the concept of achieving financial success with minimal effort. The speaker, a millionaire businessman, evaluates each method based on five criteria: learning curve, fulfillment, scalability, startup capital, and risk level. The aim is to identify the laziest and most effective ways to earn over $100 a day without resorting to low-paying options like surveys or transcription jobs.
Method one is freelancing, which involves using personal skills to work directly with clients. While it offers flexibility and control over projects, the learning curve can take around six months to start earning decent money. Fulfillment can be challenging due to client interactions, and scalability is limited as income is tied to time. The startup costs are low, but the risk is relatively low as well, making freelancing a viable option for those willing to invest time and effort.
The second method discussed is Airbnb arbitrage, which entails renting a property on a long-term lease and subletting it short-term on platforms like Airbnb. This method has a learning curve of one to three months and can generate passive income. However, it requires significant startup capital of $5,000 to $15,000 and carries a higher risk due to the upfront investment needed. Yet, it offers high scalability as more properties can be added to the portfolio.
The third method is setting up an eBay shop, which allows individuals to sell various products online. The learning curve is relatively short, around two weeks, and fulfillment presents medium difficulty due to customer interactions. This method is highly scalable, but startup capital of at least $500 is needed to purchase stock. The risk level is medium, as there is potential for unsold inventory, but it remains a lazy option for generating income.
The fourth method is affiliate marketing, which involves promoting other people's products and earning commissions on sales. This method has a very short learning curve of one to two days, minimal fulfillment responsibilities, and high scalability. The startup capital requirement is around $250, and the risk is low since there is no inventory to manage. Lastly, the text highlights an AI-built Shopify store as the laziest method, with an almost zero learning curve and very low startup costs, making it an attractive option for those seeking passive income with minimal effort.
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