How to make money online with no money ($1,000,000 in 12 months)
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If you want to learn how to make money online with no money, stay until the end of this video. I’m going to show you step by step how you can make 1 million dollars in the next 12 months with zero dollars initial investment. This is not clickbait, it’s not a fairytale and I’m not going to waste your time. If you want to have an extra 1 million dollars in the bank every year, keep watching.
What’s up, everyone. Welcome to the 0.1% Show. You are here because you want to crush mediocrity and create the richest, healthiest, happiest version of yourself. My name is Simeon Ivanov, I’ve built an 8-figure business, wrote the most practical personal growth book, and raced the fastest machines on the planet as a professional racing driver. Today, my mission is to help you upgrade every important area of your life to levels you’ve never experienced before. I don’t have everything figured out but I’m dedicating my life to change that. Join me on this journey!
If you are new here, make sure you subscribe and hit the notification bell so you get updated whenever we publish a new episode. Remember to comment below because every week we’ll give a shoutout for the best comments.
Alright, let’s get right into the topic of today.
How can you make money online if you have no money? And even better, how can you make 1 million dollars with zero dollars initial investment in the next 12 months?
This is 100% possible and you have the opportunity to achieve such results. It won’t be easy, but it’s doable and I’m going to show you exactly how you can make it happen.
All you are going to need is a phone with a camera which you most likely already have. There’s nothing more you need to start this online business that can make you millions of dollars.
First off here’s the path to 1 million dollars which people believe is so impossible to reach. It’s not. Picture that for a second.
Let’s say you have a quality digital product (which I know you can create and I’m going to show you exactly how in a minute). Let’s say you sell this product for $97. This means you need to sell to 10,309 people to make 1 million dollars in revenue. Of course, that doesn’t take into consideration any marketing expenses but we’ll get to that later as well and I’m going to show you the best and cheapest way to market your products.
Some people might say – “why would anyone pay me $97”. Please, don’t think like that! People pay $13 to go watch a movie and $4 on a Starbucks coffee every single day. By the way, if you pay $4 on Starbucks every day which is nearly $1,500 a year – stop that now! Anyway, a high-quality digital product is worth much more than that. This is why e-learning is estimated to become a 325 Billion dollar industry by 2025.
And what if your product added significant value and you priced it at $497. Well, then you’ll need to reach 2,012 people to make 1 million dollars in revenue.
And if that product helped people make money for example and you priced it at $997, it would take acquiring only 1,003 clients to reach your goal.
Is all of that doable? Absolutely. And as I said, you can start building that online business with zero investment. Let me show you exactly how.
But first, a big shoutout to Randy Lail for the amazing comment on our “Rich vs Poor People” episode. Randy wrote: “If you aren’t successful in America, then you are the problem.“
Thanks for commenting, Randy. I love your no-excuses mindset.
Alright, let’s move on to step 1 of the process.
STEP 1: THE IDEA PROCESS (1 DAY)
The first step that shouldn’t take you more than 1 day to complete is the idea process.
In order to begin, you’ll need a great idea for a digital product. It can be an online course with video lessons or it can even be a great PDF that provides a lot of value to a specific audience.
Think about what expertise you have today that you didn’t have a few years ago? People think that they can’t teach anyone anything because they are not experts. But the truth is that you don’t need to be an expert to teach and provide value. If you have developed a specific set of skills or knowledge over the last few years and you went from level 1 to level 5 out of 100 levels at something, then you can teach everyone who is just starting off. Someone at level 100 will be charging much more for their knowledge than you so you can easily provide significant value at a lower price.
If you don’t believe you are good at anything, well, do something about it. Study the ten best books on that topic. Start practicing different techniques. Do your research and become good. What’s your excuse?
So, what you’ll do is give all the value you can in that course and offer a 30-day money back guarantee. If any of your members are not satisfied with the quality of the course or the information you provided, you’ll just give them their money back. It’s that simple. People will respect that and you’ll never have an unsatisfied client. You must always offer a money back guarantee and be fully transparent and honest with your clients.
To make sure people are interested in that type of product, go and see how many people search for that topic on YouTube. Just go to the search bar and search for related terms. For example – how to build an online course, or how to find a job with no experience, or how to start a business, and so on. You want to make sure that there is enough volume and you are not way too niche with your idea.
STEP 2: CREATING THE PRODUCT (7 DAYS)
So here’s what we are going to do in step 2 which can take you no longer than 7 days for your first product. Once you figure out where you can add the most value, we’re going to create a digital product that you will start selling. And we will try to make your first $1,000 in the first month with absolutely zero investment.
To do that, you’ll be using the platform that I’ve been using for the past three years called Kajabi. Right now, they are the most advanced and easy to use platform for selling digital products in my opinion.
They are used by Grant Cardone, Brendon Burchard, Chalene Johnson, Cassey Ho and many more big names in all kinds of different industries. Basically, they offer an all in one solution for making money online – they make it super simple to create products, pipelines, landing pages, webinars, they have an affiliate system implemented so other people can promote your products and get paid for it - basically they have everything which you would otherwise have to buy by many different providers. That’s why it’s so amazing – it’s just super simple and affordable.
Once you have a product idea, you’ll sign up for a 28-day free trial that Kajabi is providing for the people who follow my show. Kajabi are not offering a 28-day free trial on their website by the way, they only offer 14-days so this deal is amazing. The link for that extended 28-day free trial is in the description below.
And here’s the plan. You’ll build your product, you’ll try to sell more than $1,000 in the first month with no investment, and then if you succeed you’ll scale that up by investing that money in advertising on YouTube.
Full disclosure, I’m not getting paid if you sign up for the trial version but if you succeed and continue using their platform after the trial I will get a compensation at no extra cost for you since you used my link to get the 28 days trial.
Let me show you how simple it is to create a product in Kajabi. Their software does all the hard work for you. You just have to click a few buttons and record the videos or create the PDF. Check this out.
You can create your first product in less than 7 days and start selling it without spending a single dollar.
STEP 3: MAKE YOUR FIRST SALE
Step three is all about making your first sale. You can make your first $1,000 to $10,000 in the first month all without paying a single dollar. How? By promoting your product through your social media channels. You already know at least 10 people who need what you are teaching in this course. And these 10 people know 10 more each. That’s how you will make your first couple of sales. Offer these people a 50% discount to be your first students. Get their feedback and improve your product. Also, ask if they would recommend the product to others and put their testimonials on your product sales page.
As I said, with Kajabi you can also make people your affiliates so they would earn money if they recommend your product and people buy through their links. This can scale your reach extremely fast. And let’s face it, many people would be happy to recommend a great product especially if they are able to make money from that while helping their friends at the same time. It’s a big win for everyone.
Kajabi makes all of that possible and it’s super simple.
STEP 4: SCALE TO $1,000,000
Step 4 is scaling your game. After you’ve made your first couple of thousand dollars, you are now no longer in the club of people who have no money to invest in their online business. So it’s time you scale it up to make your first $1,000,000.
To do that, you’ll need to learn some basic YouTube advertising strategies. There are a ton of great free videos online that teach you how to do that. A great that I’ve learned from is this video from Kevin David called YouTube Ads in 2019 | From YouTube Ads Beginner to EXPERT in One Video! Make Money Online! You can find a link to it in the description below.
Kevin David has spent a million dollars on YouTube Ads and can teach you how to make $2 from every $1 you spend on ads.
This is how you can make your first one million dollars online without needing any money to start.
If you enjoyed this video, make sure you hit the like button, subscribe and comment your thoughts below. Also, share it with your friends that might be interested in starting an online business as well.
Thanks for staying with me until the end, my friend. I really appreciate it!
Until next time, aim higher!
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Some of the links above are affiliate links, which means that if you choose to make a purchase, I will earn a commission. This commission comes at no additional cost to you. I recommend these companies or resources because they are useful and because I've researched them, not because of the small commissions I make if you decide to buy something. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.
After years of testing, after all experiences as a professional racing driver, an entrepreneur, a Neuro-Linguistic Programming Coach, and simply a human being that wants to grow, I've narrowed down a set of skills that help me win the day, the week, and the game of life.