Hi everyone, welcome back to another video.
In today's video, I'm going to be breaking down
my rather simple plan to make $1 million
in one month by age 26.
Now I've noticed from looking
through my channel here on YouTube,
there are a ton of videos, but they're all tutorial videos
in order to help you guys get to the point
where I currently am in my business.
With that said, I've never shared my future plans.
So today is going to be a special video.
And I think that brings a lot of value
to the table because you don't typically
find people in online business to this degree
sharing what their future plans are over the next year.
So whether you're new to online business,
or you have some experience with online business,
I think this video will be helpful
in setting your long term goals.
To all of you who are new to the channel.
Welcome to the channel.
My name is Greg and I like to talk
about online entrepreneurship.
And since I've been in this space for so many years,
I'm trying to give back and share helpful resources
to help you guys get to the point where I currently am.
Now before we get into this video,
I need to take a few seconds just
to thank all of you guys who are returning
to this channel and to all of you guys
who have been showing support on these videos.
The likes, the comments, the sharing these videos,
I really do appreciate it and it keeps me motivated
to give you guys more helpful content.
So without further ado, let's start this video
and start unraveling my plan to make $1 million
in one month by age 26.
Now where we need to begin on this
is to go back one step and just explain
how I got to where I am.
So I can show you how I'm going to get where my goal is set.
When I started out on online business over five years ago,
I tried all of the different online businesses out there.
This is everything from Amazon FBA to Dropshipping
to Fiverr services.
If your experience getting started
in online business is anything similar to mine,
you will see that there are a ton of advertisements
pushing you and selling you on different
online business models.
Now probably just like you I had
to try all of these business models
to see what they were really about.
Now over the course of the next few years
from trying all these business models,
I was able to find out which ones
were actually making money,
which ones were realistic business opportunities.
And which ones most importantly were
passive income business models.
Some of the business models that I tried,
they did make money, but they were
so hands on that it wasn't worth the money
that you were making.
Now all in all, from the years of trying
all of these business models,
it really boiled down to the two business models
that I currently do today.
These two business models are print-on-demand
and affiliate marketing.
With that said to any of you who are new
to online business, or if you haven't gotten
into these business models, yet.
This is where all of the other videos
on my channel will come in handy for you.
They're all free tutorials.
There are no paid courses and all the information
that you need to grow your businesses
as big as mine is all on my YouTube channel for free.
So hopefully now we're all on the same page.
But now the question becomes,
how do I plan to turn my print-on-demand business
and my affiliate marketing business
into $1 million in one month by age 26.
This is the part of the video
that I'm excited to share with you.
So let's get right into it.
Over on print-on-demand, you're able
to create multiple accounts.
What I mean by that is you can create
an account on Teespring, you can create
an account on Redbubble, you can create
an account on Merch by Amazon.
These are in my opinion the top three
although there are a handful of other ones
out there that you could upload designs on as well.
The cool thing about this is
that you can upload these same design
to each one of these businesses,
but all three of those websites, they get their own traffic,
so you're going to get sales separately
on all three of them.
Now, the important takeaway from that,
is that you have three separate businesses
Now coming over to the other side on affiliate marketing.
This is where I've been creating niche
specific affiliate marketing websites.
The beauty of this is that they are very low cost
to get started.
Yes, they do take a lot of hard work
and quite a bit of time for you
to start ranking on Google and making substantial money.
However, you can make as many of these websites as you want.
There's literally no limit,
you can have one, five, 10, 50 different websites
all making money separately every month.
Now although it's definitely possible
to make $1 million in one month just
from the earnings of all these businesses combined.
It might not be realistic, and it's going
to take several more years to build
these businesses up to that point.
Now my plan to make a million dollars
in one month is way more realistic
and is going to happen a lot faster.
Something that's not very common knowledge
in online business, especially
for people getting started in online business
is once you grow your online business,
you can actually sell that online business.
Now this is where it gets good.
Remember how I was explaining on print-on-demand,
you have three separate accounts.
And over on affiliate marketing,
you can have as many different websites as you want.
Well, the beauty of this is that you can sell
any of those individually.
If you choose just to sell one of your accounts
on print-on-demand, you can absolutely do that.
And you keep all of the other ones.
Vice versa on affiliate marketing,
if you choose just to sell one
of your affiliate marketing websites,
you keep all of the others.
You don't have to sell them all as a lot.
So with that being said in a nutshell,
my plan to make $1 million in one month
by age 26 is to sell off one of my businesses.
This is only going to be one of my websites
or one of my print-on-demand accounts
and I'll be able to keep all of the rest
and continue growing them.
However, the question becomes how big do you have
to build up a business in order
to sell it for $1 million.
This brings us to the best part
about selling an online business.
And that is that online businesses
typically sell for 25 to 35 times
their monthly net profit.
Now what that means in layman's terms
is if you're going off the modest number
of this metric of only 25 times
the monthly net profit of a business.
That means that if one of your business
is earning a net profit of $40,000 in one month,
you can expect to sell that business
for a minimum of $1 million.
Now since I've been an online business
for over five years now.
I've been able to put in a lot of hard work
and a lot of time for these businesses to grow.
So I have several different accounts
that are already earning over $40,000 profit per month.
Now if you guys have watched any of the other videos
on this channel, you know that I typically
do not talk about what my business's profit,
but the reason I chose to tell you that is simply
to inspire you or motivate you
and show you that this business model
of print-on-demand and affiliate marketing
is a viable and very profitable business model.
And the cherry on top of that is
that if you choose to sell any of your accounts
down the road, you can make 25 to 35 times
your monthly net profit on any of those individual accounts.
So the last part in this video I think is going
to be helpful and tie all this together.
You may be asking how do you find someone
who's willing to pay a million dollars for your business.
And this is something that I'm going
to be experiencing firsthand in the coming year.
And as you can bet, I'm going to share
this process with you guys on the channel.
However, my plan here is to use marketplace websites
to sell online businesses.
And the reason I plan on using these marketplace websites
is because I've been recommended them
from people who have had success selling
their online businesses in the past.
Now just to give you an idea of one of these websites,
so you can go look through and see other businesses
that are for sale and what they have sold for.
I've never personally used them before
but one of the big websites in this space
is called empireflippers.com
and I know there's a couple other ones out there
that are very similar.
Something that I personally like
about Empire Flippers, grant that I haven't
used them before is that it shows
their total amount of businesses sold.
At the time that I'm recording this video,
they've sold just about $150 million worth of businesses.
Specifically in the last 30 days,
they've sold about $3.6 million worth of online businesses.
This proves to me that people are selling businesses
and people are buying businesses
for big amounts of money on this platform.
So all in all, I hope this video has been helpful,
it has made you think about something differently,
and I hope it's provided value at the end of the day.
This is the first time I've shared
something about my future plans
for my personal online businesses.
So I hope you were able to get
some helpful takeaways from this
and it keeps you inspired to keep growing
and working on your print-on-demand
and affiliate marketing businesses.
As always, if you hit the thumbs up button,
if you comment or share this video,
I really do appreciate it, so thank you.
If you have any questions, let me know down
in the description.
And I'm going to go ahead and link up a full tutorial
for print-on-demand and a full tutorial
for affiliate marketing.
So if you are new to the space,
you can get started the proper way.
All right guys, I hope you enjoyed this one
and I will see you all in the next video.