How To Start A $100k/Year Online Business (FAST)
Look, I get it.You set as your New Year’s resolution that you were going to make $10,000/month in 2024.But then you come across all the different business models: affiliate marketing, Amazon FBA, Dropshipping, Infoprocuts, Coaching – and you have no idea which one to pick and where to start.
Well, I got you…
In this video, I will walk you through the blueprint to make $10,000/month online in 2024Spoiler:It doesn’t require any initial investment or previous experience and can get you to 5 figures a month with just a handful of sales…
In fact, there are 20-year-olds taking advantage of it to get paid as much as CEOs each month…
Short Summary for The Blueprint to $10,000/Month as a Beginner (2024) by Merlin
Title: The Beginner’s Blueprint to $10,000/Month Online in 2024
00:01 Avoid financial investments as a beginner to make $10,000/month online
01:53 Avoid investing money and getting into debt as a beginner.
Detailed Summary for The Blueprint to $10,000/Month as a Beginner (2024) by Merlin
Title: The Beginner’s Blueprint to $10,000/Month Online in 2024
00:01 Avoid financial investments as a beginner to make $10,000/month online
- Beginners often fail by investing in marketing, stock, or testing products
- This can lead to burning through savings, being stuck with unsold stock, or facing payment processor holds
01:53 Avoid investing money and getting into debt as a beginner.
- Beginners should avoid investing money and getting into debt, as it can take years to recover from the financial impact.
- Beginners should not try to pursue skills that take years to master, such as learning to code for app development or creating content for YouTube.
So this is the blueprint to making $10,000 a month online as a beginner in 2024. And I’m gonna walk you through the nine steps to getting there. Now, step one is figuring out what not to do. You see, most beginners fail to make $10,000 a month online, not because of what they don’t do, but because of what they do. They do the things that beginners shouldn’t be doing because they’re not at a level yet to do them.
A few of the things that beginners do and lead them to failure are trying to start a business that requires you to invest money to get it off the ground. Anything that requires you to invest in marketing, to invest in stock, in testing products, or really any type of financial investment really is a very bad idea for a beginner. Why? Because you’re most likely gonna burn through all of the money you have trying to figure out how to get your ads to run profitably, or you’re gonna end up being stuck with a lot of stock for a product that doesn’t sell. Or you might spend months trying to find a product that sells until you run out of money and you basically haven’t found that anything works.
So you burn through all of your life savings and now you don’t have anything left. Or even worse, you might find a product that works and it starts selling well the first month, so you increase the volume, you get even more sales, and then your payment processor decides to put a hold on your funds for 180 days to investigate that you’re not doing anything fraudulent. And now you have a really big problem because you need to fulfill dozens of orders, which might cost you dozens of thousands of dollars, and you don’t have access to your own money that your customers have paid you. Meaning you’re gonna have to pay for the cost to fulfill those orders out of your own pocket until your payment processor decides to give you access back to your own funds, which can take six months, eight months, oftentimes even an entire year. And that’s how you get into debt, which you should avoid at all costs as a beginner. And this happens extremely often with a few business models that I’m gonna mention in a few minutes, and no one talks about this.
And if you get caught in this situation, it might literally take years to recover from it and pay off your debts. So as a beginner, you want to avoid this at all costs. You don’t wanna do anything that requires you to invest money, and you don’t wanna get into debt. Trust me, making these mistakes is deadly, especially when you’re first starting out. Now, the second thing beginners do that they shouldn’t be doing is trying to do something that takes years to get good at. I’ll give you an example.
They try to learn how to code in order to develop an app or a software. Listen, you know how much time it takes to get good enough at coding in order to develop an entire app, or even work at a position where you’re getting paid $10,000 a month as a developer? It takes years to get there. And it’s the same thing with creating content, for example. You know, people see me and a few other YouTubers with millions of subscribers making good money from their YouTube channel, from the ad revenue, so they start thinking, I should probably start creating content. You need to remember, it took me four years of uploading multiple times a week to get to my first 100,000 subscribers.
And even at 100,000 subscribers, that’s not a full-time income that I could live off of. You know, I actually had my real business as YouTube was just a side hobby for many, many years. And once I hit 100,000 subscribers, it took me another three years to get to my first million.
You know, I’ve been on YouTube for my ninth year now. Creating content is one of the slowest and least efficient ways to get to $10,000 a month online. Listen, even if you’re extremely good at it, it’s not gonna take less than a year. Realistically, it will most likely take two or three years to get there. And that shouldn’t be your main focus when you’re first starting out. There’s multiple opportunities out there that allow you to get to $10,000 a month in a fraction of that time.
And I’m gonna share them with you in the upcoming steps. And this takes us directly to our second step. Step number two. Now, here’s what you wanna do as a beginner. As a beginner, you wanna find something that first allows you to make mistakes and be wrong for months on end without getting you bankrupt in the process.
Something that doesn’t cost you money to do because as a beginner, you don’t have an abundance of cash to burn through. And you also want something that allows you to make $10,000 a month without having to spend years of your life learning without getting paid during the learning process. You know, you really want something that allows you to learn as you earn instead. Listen very closely because right now we are living through the digital renaissance and you have such a beautiful window of opportunity if you make the most out of this. You know, there are a bunch of 20-year-olds taking advantage of this opportunity to get paid as much as most CEOs every single month without having any previous work experience.
And that is exactly what I’m gonna show you how to do in the next steps. How to take advantage of one of the greatest opportunities from the last two decades to get started with virtually no startup capital and that can get you paychecks like this along with this in just a matter of weeks, even if you have never made any money online before.
And if you’re looking for the best online opportunity to start as a beginner right now in 2024 and do so without having to spend years working 10 hour plus days just to get a decent income, then these next steps are for you. I’m about to show you the nine step proven blueprint that 20-year-olds all over the world are using to get paid as much as CEOs. And finally, without having to invest your hard earned money in some risky opportunity that may end up costing you all of your savings. And actually, without even having to invest barely any money at all.
Now, I do wanna be 100% transparent here. So I have to just say this, just because I got these results does not mean that you will. After all, I am the creator of this blueprint. So I always like to make this very clear at the beginning of any training because my reputation and success are built on how transparent I am.
So I certainly cannot guarantee that you will get results like the ones that I’ve gotten. But what I can 100% guarantee is that what you’re about to see are the results of other regular average people who are using the simple legal loophole that I’m about to show you. Like Armando, who’s only four months into this and is on his way to hit his first $20,000 a month. Or Edvin, who signed an 11,400 deal as a 15-year-old. Or Vaclav, who went from delivering Uber Eats to $10,000 a month in May all the way to $57,000 a month in December. So with that said, let’s get into our third step. So most people consider starting with dropshipping, e-commerce, or affiliate marketing, Airbnb, the list goes on.
And they jump into these opportunities without ever taking the time to do the most important thing when it comes to making money online, which is evaluate each opportunity on a fundamental level. So they end up making the biggest mistake of them all. They jump into something that doesn’t match their skill level.
So their likelihood of failing is enormous. You see, out of all of the online opportunities out there, I’ve just mentioned, none of those are beginner-friendly opportunities. Now, listen, don’t get me wrong, they work. And you could actually make tons of money with each of them. However, some opportunities that will allow you to make millions a month will be extremely hard to succeed with as a beginner.
Now, at the same time, there are a few opportunities out there that allow you to make up to seven figures while being realistically attainable for beginners. And picking the wrong opportunity is like trying to play a new video game in the hardest difficulty instead of working your way up.
And that’s when people end up spending tons of their time spinning their wheels. And the result, them getting frustrated and most of the time losing all of the money that they invested into making that opportunity work. So what we wanna do is evaluate which opportunity is gonna give you the best odds of success as a beginner with the smallest amount of risk. It’s all about finding those asymmetric returns.
So that’s why you gotta evaluate each opportunity to see how beginner-friendly it is before risking your money and time on any of them. Now, I actually published a video doing exactly that.any of them. Now, I actually published a video doing exactly that almost two years ago that went viral and people have been requesting for me to make an updated version of it since the opportunities have changed a lot since then.
So, let’s do that together now. Now, the first step to evaluate any opportunity is to set the parameters that we’re gonna judge them based off of. And there are six parameters that come into play when evaluating this. Transaction value, upfront investment, upfront work, profit margins, fulfillment, and deal type.
Now, transaction value stands for how much money you get paid for each sale. If your product sells for $100, well, your transaction value is $100. If your service sells for $1,000 on average, well, then your transaction value is $1,000. Now, upfront investment is how much money you need to invest to get the business off the ground.
And upfront work is how much work is required to get the business started and running. Profit margin is how much money you keep out of everything you make in revenue. And fulfillment is how much work is required to deliver the product or service. Recurrence is whether you get paid recurringly, as in every single month, or you only get paid once. Now, let’s use these parameters to judge the most talked about opportunities online.
Now, you might be wondering, why does E-Man have the authority to speak on each of these opportunities? And I’ll tell you why. I’ve been making money online since 2014. And when I started my first proper online business, I was 16 years old. I was living with my single mom. She was working minimum wage for NHS, which is the free healthcare service in the UK. As a receptionist, my father was an alcoholic abusive. I’ve never met him. And listen, I’ll be honest, this is a very common story.
You know, it’s not like my childhood was rare, but the point is I had no one to guide me. You know, not only was I starting from zero, but I basically had all of the odds stacked against me. Now, fast forward to today, I have my own e-commerce brand. It’s an eyewear company, and that makes well over seven figures a year.
I ran a seven-figure marketing agency for six years. I’ve started and invested in dozens of software companies. I have a YouTube channel with over 4 million subscribers, and the YouTube channel brings in over seven figures a year, as well, just from AdSense. I make over $100,000 a month in commissions from different affiliate programs that I don’t even really ever promote. I made my first million dollars when I was 18 years old.
And every single year I have grown my income since then. There’s not been one year in my career that my portfolio of companies haven’t grown at least 20% in a year. And all of that to say that when it comes to making money online, I’ve got it down. I have tried and succeeded with literally every online opportunity under the sun. I know exactly what works, and I know exactly what doesn’t work. And most importantly, I know exactly what works today. So with that being said, let’s get into our first online opportunity. Now, dropshipping is probably one of the most well-known online business models, and also the one that attracts the most beginners. And it consists of selling physical products, but instead of having to manage inventory, you ship the product directly from your supplier, which is usually in China, directly to the final customer. Now, dropshipping is an interesting one because it does have a lot of positive sides. Since you ship the product directly from the supplier, the fulfillment of the sale is basically hands-off. So it’s pretty much automated, which is great. And you also don’t need to pay anything out of pocket since you only pay for the cost of goods once your customer has already paid you. The profit margins can be quite high as well since you’re shipping the product from China. So usually the cost is just a fraction of what you sell it for. It’s also very scalable, so you can make a lot of money with it.
Now, here’s what most people don’t think about when starting a dropshipping store. When it comes to the transaction value for products that you dropship, usually they range from 20 to $300. So that means in order to make $10,000 a month online with it, you would have to sell it anywhere from 33 to 500 units, which requires a lot of marketing skill to accomplish.
Most likely way beyond your skill level when you’re first starting out. And it’s on the upfront work and investment that most people really get caught off guard. You see, just because you don’t pay money out of pocket for cost of goods, it doesn’t mean that you don’t have any upfront investment. In fact, you do.
And it can be quite a lot. For what you might ask, the products don’t sell themselves. It requires marketing to sell them, a lot of marketing. And the cost of marketing is what makes dropshipping stores a no-go for beginners. You see, usually anywhere from 40 to 90% of the price of sale of your product was invested into marketing in the first place. So you never even see this money. And this is for the successful products, by the way.
I’ve worked with a lot of dropshipping stores in my agency. And on average, you usually have to test 10 to 15 products that fail in order to find one that succeeds. Meaning you’re gonna have to burn through a lot of money before ever finding a profitable product that you can scale. So I would say a realistic figure for the investment required to go through all of this testing is $5,000 to $10,000.
Now, when it comes to recurrence, dropshipping is a one-off sale. Meaning if you do sell $10,000 worth of products in a month, the next month, you gotta start from scratch because none of those sales are recurring. Now, this is an online opportunity that’s actually very good if you’re experienced as well as have money to burn through. And that’s why personally for me, it’s not a beginner-friendly online opportunity.
Next, let’s talk about affiliate marketing because it’s become extremely popular over the last year and a half. Now, affiliate marketing is basically when you sell other people’s products and get a commission from them. I mean, just think about all of the TikToks and shorts you see on YouTube that promote a product in the description and pinned comment. The thing they’re selling usually has a unitary gain between 20 and $50 on average. Once again, that means that to make $10,000 a month with it, you would have to sell anywhere from 200 to 500 units, which is an even harder job than the dropshipping example.
Now, when it comes to fulfillment, this is the big perk of affiliate marketing, in my opinion, because once the sale is done, you don’t have to do anything else. The owner of the product takes care of all of the fulfillment. Another perk is that you don’t really need to have any upfront investment to get started. Now, the big problem that most people don’t see when getting into affiliate marketing is the upfront work that is required.
The amount of work you got to put in editing and publishing content day in and day out is insane. Listen, in order to sell 500 units a month, you literally need thousands and thousands of views on your content every single day, which takes a lot of volume of content to get. To give you practical numbers, listen, you’re literally gonna have to publish thousands of shorts, reels, TikToks every single month.
And trust me, I know this because I had an entire team of 20 people full-time that worked for me with a manager and a department lead that all they do is create content for my personal brand to keep awareness high. And I can tell you it takes so much time and one person can’t do enough of it. And finally, the deal type is usually one-off, meaning you get paid once for the sale and that’s it.
So it’s the same situation where if you do make $10,000 in one month, the next month you’re back to zero. And doing $10,000 worth of sales consistently month after month is an extremely difficult task. And the truth is it hardly ever happens. And the big problem with this is that you have to do all of the manual work. So at the end of the day, you’re still trading time for money, which means you’ll always have to work more in order to make more because you have no leverage.
And the truth is if you’re trading time for money, in a rare scenario, you might achieve financial freedom, but you will never achieve time and location freedom because the moment you stop working is the moment you stop making money. The bottom line is you want to find an online opportunity that allows you to get paid without you needing to trade your time for money.
Now, another opportunity that I’ve been seeing a lot lately online is Airbnb arbitrage. It basically consists of renting a property with a landlord and enlisting it on Airbnb. Then with the money you make from hosting people from Airbnb, you can pay for the price of rent and make profit on top. Now, the transaction-it on Airbnb. Then, with the money you make from hosting people from Airbnb, you can pay for the price of rent and make profit on top.
Now, the transactional value really depends on location and the size of the property that you’re renting. It could be anywhere from $100 to upwards of $2,000. Now, there’s a lot of upfront work that most people just don’t talk about. You see, in most places, you’re going to need special licenses or agreements with a landlord to be able to host people in their property, which can be very difficult to get.
And since you need to sign a lease agreement, you may get stuck for months with a property that isn’t getting booked often enough, which is a very risky situation for a beginner. And then, when it comes to upfront investment, you have to have enough money to pay for, at the very least, three months worth of rent for the property, which can be anywhere from $1,000 to tens of thousands of dollars.
The profit margins are usually okay. Don’t expect to find 80% profit margins here. And when it comes to deal type, each sale is a one-off, since you’ll hardly ever get anyone booking a property for months on end on Airbnb. Again, this is another one of those that is a great opportunity to make money if you already have a bunch of money sitting around. And so, don’t get it twisted. I love property. I don’t do this whole Airbnb arbitrage thing.
For me, personally, I have all of my businesses. I have all the businesses I’m invested in. I just take my dividends and I buy properties cash. I don’t play around with this whole arbitrage thing, but I know it can work, but just not as a beginner. As a beginner, it’s too risky. If you are a beginner, please, I would advise, stay away.
Now, the next online opportunity is info products. Info products are eBooks, audio books, and online courses. And with info products, the scenario is very similar to affiliate marketing, but you have control over the price of the product, so you can have higher ticket items if you want. However, with control over the product also comes the responsibility of delivering the product itself, which is the most difficult and time-consuming task of the whole business model. In the past, I myself have spent six entire months of my life, day in and day out, preparing and recording classes for one of my info products.
That is a lot of time to invest in something if you don’t have any certainty that such a product would sell. As a beginner, you should be investing the majority of your time in selling, not fulfilling the sale. Finally, you have to have money to invest in ads, a lot of money on ads, testing, software, and a lot more, which is gonna have a very similar effect on your margins as some of the examples above.
And then for deal type, you can choose to have your product as a one-off or as a subscription. So once again, info products are great. All of these business models, they work. If you have money, if you have a lot of experience in business, or you have a massive audience, these things can work. But if you’re a beginner and you want the fastest path to making $10,000 a month in 2024, do not pick those business models.
Now, do you see why it’s so hard to succeed as a beginner if you don’t pick the right opportunity? It is literally the difference between success and failure. So after going through all of them, the question becomes, what would be the ideal beginner-friendly opportunity then? Does it even exist? Well, let’s take a look again at our table and together draw the ideal scenario. When it comes to transaction value, ideally, it should require just a few sales to get you to $10,000 a month so that it becomes a realistic and achievable goal. This means that it needs to be something that sells for at least $1,500.
Now, when it comes to upfront investment, ideally, it should be as close as possible to $0 because as a beginner, you want to risk as little cash as possible to get started. And then for upfront work, we want something that ideally requires as little upfront work as possible to start making money. For profit margins, we want something with very little cost. So that way you keep pretty much everything that you make.
For fulfillment, we want something that is easy to fulfill and that doesn’t take the majority of our time. And finally, when it comes to recurrence, we want something that ideally is sold once and then pays us recurringly every single month so that each sale stacks on top of each other and each month we have a higher payout than the month before. And so that we never have to start back from zero when the next month comes around.
Now, I have discovered an online opportunity that takes advantage of a legal loophole that checks all of the boxes for every single one of the ideal parameters that I just mentioned. This is the only solution I know that allows you to have the best of each parameter. The upfront investment for it is virtually non-existent. All you need is a business email, and then you’re good to go. The margins are very high, usually in the 70 to 80% profit range.
And clients are willing to pay anywhere from $1,500 to $10,000, but not a one-time payment, a recurring monthly payment of $1,500 to $10,000 a month.