There is a whole new world of making money online.
This is essentially making money
from your computer rather than having a traditional job.
So if you're someone who's interested
in making money online,
this is going to be the video for you.
This one single video is going to cover
at least 80% of everything you need to know
about making money online so you can figure out
if that's something that's right for you.
With that being said, my name is Greg Gottfried
and I've officially been making money online,
working from home from my computer,
for the last seven years now with a full-time income.
So this video should be very helpful
and I should have some good key takeaways to share with you.
So the way that this video is going to work
is to quickly cover all of the broad strokes
or the overview of what making money online is.
All the different routes you could do,
different business models, different jobs.
And then at the end,
I'll give you the key takeaways that I've learned
from doing this for seven years
that should help you out if you're just getting started.
So without further ado,
let's just go ahead and jump right into this.
When anyone's talking about how they make money online,
it's going to fall into one of three categories.
The first category is a remote job.
The second category is being a freelancer.
The third category is starting your own online business.
So the best way to explain this
is to dive into each of these three categories separately.
You'll learn everything about what that category is,
what kind of opportunities are in them,
and if that's a good fit for you.
So starting with a remote job.
Essentially, what a remote job is, is a traditional job
whether that's part-time or full-time
where you're an employee for a company.
Now, the remote part of this
is basically you have zero time in the office.
So you have location freedom.
You can work from anywhere with internet and your computer.
Now, remote jobs can really be in any occupation.
So what I've done to give you the best examples
is pulled up a list of the top remote jobs for 2022.
This will give you a good idea of what is in demand
and what kind of companies are hiring
what types of positions.
So looking at this list, you have a copywriter,
an executive assistant, a front end developer
a marketing manager, product manager, a recruiter,
a social media manager and a web designer.
Those are the most in demand remote jobs for 2022.
Now, not all occupations obviously can be done remote.
If it's something that needs to be hands on,
it's not going to be a good fit for a remote job.
Now with that said, there are many other remote job
types out there.
These are just the most in demand ones right now.
So when it comes to remote jobs,
there are certain things that you need to consider
if you think one of these will be right for you.
The first is legal and tax requirements.
So when someone's hiring you remotely,
there may be some stipulations
on where you have to be located
in order for that company to be able to pay you
or hire you as an employee.
The second thing to consider is licenses and certifications
For some remote jobs,
since you are an employee for the company,
you may need to be licensed or have a certain certification
in order to do the requirements of that job.
The third thing is time zones.
Not many people think about it,
but once you work on the computer or remote,
you may be working for a company
that is on the other side of the world
or the other side of the country.
They may be in a totally different time zone.
You may wanna pick a company that's in a time zone
that works for you, where their workday lines up with yours
so that if you do need to be live for a certain meeting,
you can do that not at a crazy hour for you.
And the last thing to consider for remote jobs
is your resume.
When you are applying for these jobs,
you're going to be competing with more people than ever.
As remote jobs have become more popular
and companies are more
comfortable hiring people fully remote,
you're going to have a lot more competition.
So on your resume,
be sure to have a section about remote work.
This is where you wanna list
if you've done remote work before,
who you did it for, how long you did it,
what kind of experience you've learned through that
and then also that you know how to use the tools
that are commonly used for remote work.
These are things like Zoom or Skype.
Also things like the Google Suite or Trello.
If you know any of these tools,
you definitely want to list it in your resume.
And if you don't know them,
you may wanna get familiar before your interview.
So that covers remote jobs.
And basically to wrap it all up,
remote jobs are just physical jobs
but done fully remotely without you going into a job.
Now let's move on to the second category,
which is freelance.
So another way to make money from home
is being a freelancer.
You can basically think of this as being a contractor
for any company or any person
where you basically do work on a gig basis.
You do one job
and that's basically all you do for that customer.
They may hire you for multiple jobs
but it's just on a freelance basis.
The important distinction here between freelance
and remote jobs is that
remote jobs, you are an employee for the company,
a freelancer, you are not an employee for any company.
Now, as a freelancer,
you can control your workload a little bit better.
You can try to get more clients if you want more work
or you can back off and put clients on the back burner
if you don't want as many clients right now.
The flip side to that is that being a freelancer
may not be as stable as having a remote job.
Now, as a digital marketer myself,
I've actually done a lot of these freelance things
over the years.
However, I still got a list
of the most popular freelance jobs from 2022
just to give you a good idea of
what freelance services are in demand right now.
So looking at this list,
you have a web designer or web developer.
You have a graphic designer, a teacher, a virtual assistant,
a freelance writer, an editor,
an accountant or financial consultant,
a social media specialist, a content creator
and an app developer.
Now, I've actually done a number of these on this list.
So these are things that
typically are going to stay in demand.
So if this sounds like a better idea to you
than remote jobs,
here are the things you need to consider
when you're being a freelancer.
The first and most important thing is getting clients.
As a freelancer,
you are responsible for getting all of the clients.
So you actually have to be your own marketing department
and sales department.
You have to get people to hire you.
Now, if nobody hires you,
you have no work and therefore you have no income.
So this is the first barrier to being a freelancer
that you really need to cross
in order to get started in this business.
The second thing is the legal side of being a freelancer.
So you can totally be a freelancer without a business.
You can just do everything in your name
and basically operate as what's called a sole proprietor
and you don't need to start a business.
You can just start taking on clients.
However, as you start to get bigger
and you have more people hiring you,
you may want to start a business
which will help you and protect you
as you really start to make more money in this.
Speaking of making money, the next thing is taxes.
As a freelancer,
you're now going to be responsible for your own taxes.
You are now responsible to keep track of your taxes
and pay your taxes.
I'll talk about this a bit later at the end of this video,
but don't be scared by this.
The next thing to consider is time zones.
Just like a remote job,
you may be hired by someone
who's on the other side of the world.
Just keep that in mind for your communication
if you're working with many clients at the same time
who are all in different time zones
it can get a little bit tricky,
but as long as you stay on top of it,
you'll be able to communicate with people
at the right times.
And then the last thing to keep in mind is invoicing.
As a freelancer, you have to bill your clients.
So you have to be able to send out invoices
and then be on top of it
to make sure that those invoices are paid on time.
So that wraps up the freelance section here.
You can think of it as a remote job
but you're not an employee for the company.
You basically control your workload
but you now have to get your own clients
and you have to keep track of taxes.
And that brings us into the third category
for making money online.
And this is starting an online business.
So in this one, you totally work for yourself.
You are your own boss.
What that means is you can pick your own hours,
you can work as much or as little as you want,
you set your own schedule.
However, it does come with some challenges.
So, if you are going to start your own business,
you have to be willing and know going into it,
that you have to get through the initial startup phase.
You're not going to start making money
just from day one when you start that business
you really have to put in the work.
And then once that business starts working,
then you will start to see the income start to flow in.
Now, this is what I would call my area of expertise
over the last seven years.
I got into online businesses pretty quick
because I learned that
I didn't like working for other people.
I didn't like being on a schedule
and I wanted to be able
to just take days off when I wanted to
and build things my way
without having other people's permission to do it.
So with that said,
I've basically done all of the popular
online business ideas.
So what I've done to be totally unbiased here,
is I got a list of the top online businesses for 2022.
These are all relevant right now.
Some of them are better than others
but I still wanna share all of these with you
just so you have a good idea
of what falls into this category.
So looking at this list here,
you can publish your own Amazon eBooks.
You can start Dropshipping.
You can start a blog website, create handmade goods,
create a software as a service website.
You can be a social media influencer,
you can start print on demand,
you can flip items that you find at thrift stores.
You can teach an online course.
You can start Amazon FBA.
And you can be a YouTuber.
Now, overall, these are really good ideas.
There are some other ideas out there
but they haven't made this list for a reason.
So ultimately, any of these that you see on this list
are probably going to be a pretty decent business
for you to start.
There's some that I definitely prefer
but I don't wanna influence you.
I just wanna give you these straight idea
to help you with your research.
Now, when it comes to starting an online business,
here are the things that you need to consider.
The main thing to understand and wrap your mind around
is that there is going to be an initial startup phase.
Everyone dreams of owning their own business,
being their own boss
but if it were easy, everyone would do it.
So in the beginning of starting out, be patient, don't quit
and keep trying until it starts to work.
The second thing to consider is the legal requirements.
So when you are starting an online business,
you do not need to start a business.
However, you can start a business
once you start to be making more money.
It'll just help to protect you.
The next thing is taxes.
If you are starting your own business,
you are going to be responsible for your taxes.
You'll have to keep track of them
and you'll also have to pay them.
And then the last thing that you really need to consider
if you're starting an online business
is that you may need to get creative.
A big part of starting an online business
is trial and error.
So if it doesn't work the first time, keep at it,
try something a little bit different
until you can get it to work.
A lot of people who start online businesses
end up failing pretty early on
because they saw someone who offered an expensive course
and said, "I can guarantee that you will have success
if you just follow this and pay for this course."
People pay all this money and they go through these courses
and then they find out
that it's not as easy as just clicking a few buttons
and you're making all this money
and then they just deem it as that business doesn't work.
So now that we've talked about the three categories
of making money online,
that basically covers everything
for how to make money online,
what your different options are.
Now let's get into just five pieces of advice
that I wish I knew in the beginning.
These are things that I've learned
over seven years of making money online.
I'll share them with you right now.
So the first thing is that your individual life situation
and financial situation
is going to help you pick
which category we just talked about
fits your needs best.
The second thing is taxes
and starting a business are actually very easy things.
For most people in the US,
once you get to the point of needing to start a business,
it's most likely going to be a Single Member LLC.
And then for taxes,
you're going to pay quarterly estimated taxes.
And then on top of that,
if you simply use something like QuickBooks
or something similar, an accounting software,
that will do all of the hard work for you
when it comes to taxes, basically tracks everything for you
and just tells you how much you owe in taxes.
The third thing I wish I knew is
no matter which one of these you are doing,
whether it's a remote job, freelance
or starting your own business, avoid burnout.
What we typically do when we're working from home
or from the computer is we don't properly set off hours
or when we're not working.
It's a very challenging thing to do
because your whole business
or your whole job can be right with you all the time.
Be sure that you're properly taking time off
so that you don't overwork yourself and hit burnout.
The fourth thing is extremely important
and that is that the jobs that we just really talked about
are typically deemed as unstable.
However, if you take a really good look
at a traditional job,
you'll see that that's not as stable
as people claim it to be.
You probably know this from either personal experience
or from someone else that you know
where they've worked at a company for countless years,
they've invested their heart and soul into that company
and then all of a sudden,
"Hey, we're laying off all these people,
we're gonna have to fire you."
That leaves you back at the drawing board.
So you might as well start something for yourself
where essentially you can build up that stability
on how many clients you build in your client base
or how many businesses you start
or how big those businesses are.
You can essentially build something that's more stable
than a traditional job.
And then the last piece of advice,
which again, is so important
that I've learned over the years
is that if you can, try to pick one of these
that is a passive business model.
Essentially, something where the work can be automated
where you don't have to be
glued to your computer all the time, no matter where you are
and you can't take any time to yourself
or the business or your job stops.
So try to pick something
where you can step away from your computer
and the business or the job or the freelance,
it continues to go on.
There are many ways to do that
and I don't wanna dig into that into this video.
However, just keep that in mind
because that's a very valuable piece of advice.
So guys, that is it for this video.
I hope it has been helpful.
If you enjoyed it, please give it a thumbs up.
I would really appreciate that.
If you have any questions,
let me know down in the comments
and I can help you out there.
Otherwise, I will see you all in the next video.