Best Way to make 6-Figures Online In 2023 (NOT SMMA)

The video is about different online business models, such as dropshipping, YouTube automation, and social media marketing agencies, and the drawbacks and challenges that come with each of them, ultimately leading to the recommendation of lead generation as a game-changing business model to make six figures online in 2023.

This video by CantFaizMe was published on Jul 4, 2023.
Video length: 07:10.

This YouTube video titled "Best Way to make 6-Figures Online In 2023 (NOT SMMA)" discusses different business models and their drawbacks for making a six-figure income online.

The video highlights the challenges and limitations of dropshipping, YouTube automation, and social media marketing agencies. The speaker emphasizes the importance of finding the right business model with higher profit margins and lower investment.

The video then introduces lead generation as a game-changing business model that, if done right, can lead to a monthly income of at least ten thousand dollars.

• Drop shipping requires finding the right product and can require a high amount of startup capital.
• Many people spend a lot of money on ads without success and margins can be as low as 10%.
• Amazon FBA offers convenience but has high storage costs, strict regulations, and limited personal branding.
• YouTube automation can be expensive and there are risks of demonetization and dependence on YouTube.
• Social media marketing agencies can provide global clients but can be challenging for beginners and require effective client acquisition and service delivery.

Best Way to make 6-Figures Online In 2023 (NOT SMMA) - YouTube

Drop Shipping

• Drop shipping requires finding the right product, which is often not emphasized.
• It requires a high amount of startup capital.
• Many people spend a lot of money on ads without success.
• Margins can be as low as 10%.
• There are other business models with higher profit margins.

Amazon FBA

• Amazon takes care of storage, order processing, customer support, and customer trust.
• However, there are high storage costs, strict regulations, and other expenses.
• Profit margins can be affected by these costs.
• Amazon Basics copies items from sellers and brands them as their own.
• Personal branding is limited on Amazon.

YouTube Automation

• Outsourcing work and building a team can be expensive.
• Demonetization risks are present as YouTube can take action against your channel.
• Dependence on YouTube can be a drawback.
• Some popular YouTubers have experienced demonetization.
• YouTube automation is not a separate entity but dependent on YouTube.

Best Way to make 6-Figures Online In 2023 (NOT SMMA) - YouTube

Social Media Marketing Agencies

• Outsourcing work to third parties can be a gateway to global clients.
• However, it can be challenging for beginners to find success.
• Bad vendors can lead to disappointing results for clients.
• Client acquisition and service delivery are crucial for success.
• Lead generation is a game-changing business model.

Lead Generation as a Game-Changing Business Model

• Lead generation, client acquisition, and service delivery are the same skill.
• Getting your first client proves that you can get results for clients.
• Delivering the same service that got your first client will attract more clients.
• Lead generation is perfect for beginners, easy to learn, and has high profit margins (80-90%).
• Scaling a lead generation agency is possible without experience, employees, and working long hours.
• Lead generation is the best way to make money online without high costs and time-consuming efforts.

Watch the video on YouTube:
Best Way to make 6-Figures Online In 2023 (NOT SMMA) - YouTube