ENT 51: Monetization

Making money is always fun but remember rule #1. Creating value is more important than any amount of money. 

There are TONS of ways to make money in today's society. Which way do you or will you make yours? 

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Are you ready to be entre Vied? Let's break free of the life we're told to live, create freedom and well, by adding value to others live, challenge traditions, challenge authority and get onto ified. Hey, guys, welcome to show Hope you're ready to get on terrified your host, Patrick Hughes here today. Lovely January 31st last day of January 2020. Already kicking it off pretty pretty hard here. Uh, so today we're gonna be talking monetization, just going to give you guys for quick ways to create wealth for your life. Not really quick, but four ways to create wealth for your life. I mean, there's a lot of ways to make money. There's a lot of ways to create wealth. There's a lot of ways out there, guys, and I was gonna give you a couple. And just a funny story is actually a kid named Ryan. And last year he won. The hay was last year. He had the most money generated on YouTube and it was $22 million. All right, Guess how old iwas seven years old and ah, he beat everybody. All he did was unpackaged toys sent in from companies kid made 22 million bucks reviewing toys. So point is, you could make money almost create wealth almost any way out there today. There's so many different ways you can do it. So I just want to tell you right now you can do it. I believe in you. You can create wall for yourself in your family. Outside of a job, you already have a business. You can add new revenue streams. I mean, there's so many options out there, so we're just gonna break down four ways today. So what is on fire do? Well, we'll help you get to that next step in your business. Whether you're a brand new or a veteran, we're here for you. I'm here for you to help you up there because sometimes you can't make it by yourself. There's things I can't do about myself. I need help with so just identifying that. So today we're talking about how I'm making money. It's always fun. It's always fun to see the fun. To see the numbers in your bank account. Go up, up, up. It's like a video game. I mean, everything's digital now. Basically, video game. There's tons of ways to make money in today's society. Which way do you make yours or will you make yours? All right? I personally make money from a couple places that are kind of hilarious. I'm just pointing these out because I don't even I mean, I didn't expect to make money. It was just kind of like a Oh, Okay, So number one is Cora. I asked a question one time about two years ago about eel sauce, I said, Is ill sauce the same thing? Soy sauce question, maybe $30. Every every month. I get paid a dividend. For that question, it's maybe like a dollar. But that's just one question you can ask unlimited amounts of questions. So I've asked hundreds of questions. So you can only imagine you make a dollar off a question every month. Um, then you make a dollar every ah, and you have 100 questions. That's a dollar every month or $100 over my cheese totally wouldn't blink there. So that's just one way in and medium just write articles on there. I made a couple of bucks off there, and I didn't I wasn't expecting it. And the funniest one of all is a Mazon Associates. So about 17 2003 years ago, I mean this website about, like, tech stuff like take parts and all that because I was in the I t. At the time, and I'm still making money from it today. It's not. It's not like life changing, like thousands of dollars, just a couple 100 bucks. So I'm making hundreds of dollars a month off these random, just one off things I never even tried. So imagine if I go back and try, you know, imagine if I go back and apply myself in those areas. Imagine, have become passion off about it to pursue it. My core. I could be really passionate riding. I'm not gonna lie like riding, but I don't like it that much. All right, Every much rather talk, I can convey stuff easier way. When I talk as opposed to riding, I just It's funny when you ever listen to a recording playback and then you ride it out. It's like two different ways, just completely different ways of saying the same thing. So it is different, all right, so let's go ahead and break him down. Here's the four, uh, ways you create wealth for your life, these arm or oven? Online stance? Not necessarily product. This is Maur Creation. Number one is the educational model. See that a lot? It's basically ah, business model created around education and teaching. So what are you teaching? Teaching Spanish me? Look a dueling Go. They destroyed the school systems, man. They teach more people than an entire school systems. Um, different languages. I use it myself. I love doing a great app. You can create something like that that creates massive value per of people. You want to make a lot of value for everybody that's listening. Training tutorials, online courses. YouTube is the holy grail of this and other ongoing educational content for all fall under the educational model. And maybe you offer basic art lessons for free or in charge. Premium lessons, um, and and then take deeper dives and more advanced concepts. Maybe you put together a new tutorials every time you create a video gamer or something along those lines. But the point is, you're educating people on things that they're that they're that they're really experience based. Because colleges all theory, none of its action, none of its experience. And that's why I'm not the biggest fan of college because you don't really, at least for what I took. I took computers, information technology and stuff like that. None of it really. It was all a theory, none of those applications. So when I got into the real world, I didn't know how to troubleshoot stuff. They don't teach you in college. And so if you made tutorial videos on how a basic troubleshoot stuff basic troubleshooting, that could help a lot of people. All right, Number two. Gated Content model. So basically, you're making a content library. It's just a collection of your past material that your fans paid access. You know, you make a bunch of really awesome videos you and then you get it off. You give away 18 24 free. There's nothing wrong with that. I mean, I personally made you know, all these podcasts. I make him free and charging the body. I'm not gonna bog you down with the ads and all this other crap. It's just free, just like, Hey, guys, here's some. Here's some awesome content. It's free heaven on the house, but with the gate of model. I would basically take, you know, 10 20 hours of stuff, move it and make and asked people to pay for it. That's another way you can do it if you create ever being content, like music. Um, stuff like that. So that's another way. Bonus content. Basically extra content. The same type style is usually produced, but it's gated. Maybe you had something extra. You know, it's not better than what you already do, but it's extra and not free. It's just basically like, Hey, you know, you want to see some behind the scenes look of How do you record a podcast? How you set it up, How you how you monetize it, how you make it quicker. And you can do that. I mean, I'd love to show you guys had to hit me up. Patrick used 9000 on Facebook. Patrick used 9000 on Facebook. Come, come see me. A message sent me a message post. I love the answer. Some questions. Yeah, but all mine. I got plenty of time. I'm taking charge of $1,000,000 as her question. Just not about that. Life number four premium content is defined as content. That's higher quality of more advanced than your normal free content. And this is where I would you make a course. Like I've been doing a 90 day podcast challenge of podcasting every day, something of really high quality with a lot of action. Steph Pak. Well, not a lot with simple action steps packed and just really great quality that you can take action on, put it implement in your life and create value for others. That's really been the goal of me and Jeff. He's co host, and we really work together to do that. And this 90 days we've been doing a 90 day everyday podcast, and this is like number 50 out of 90. So I would totally make a 90 day course on how we did it, how we stuck with it, how we never missed a beat. Never miss an episode. You can go back and look, guys never miss an episode and 50 days so far running strong and 90 should be really simple. And I'll totally, totally if you guys want it, I'll give it to you. Hit me up, Patrick. Use 9000 Facebook. Tell me you want a course on how I made in 90 days with no issues. I'll gladly help you gladly show you that's premium content. Perfect example. So the main point is they're just a few ways to generate wealth. I'm just kidding. I know there are many ways in right wealth. No. What's a few thes air? Just a few ways. I'm showing you guys sorry. Totally thought about their own. There is a lot of ways to generate wealth. What I've given you is just a couple. This is like a handful, you know, in a hole well of ways to create. Well, I mean, there's people out there that make money off of the most random thing you could imagine. I guarantee you somebody's making money right now off of probably breathing like somebody's probably getting paid to breathe right now, it's just goofy was one guy one time he was unlike Instagram. I think he got paid two, I think just live and people would. I think he just set up a camera and people wash him, live his life, and they paid him to live his life. I'm pretty sure I saw it was absurd and he would like you know, go buy drugs with it and do the drugs on and on the show and people, I guess. Yeah, bro. Yeah. It was so goofy, so goofy. All right. And I just just won't leave you guys with. There's a lot of ways to do it, and I want to give you some hope. I'm gonna give you some hope. Like a look. Guys, you can do it. If I could make money off of asking a question about soy sauce, you can find a way to make an extra $100 a month. 200? What would you do with an extra $100 a month or 200? Do you put it in your debts? Your businesses, your kids, your family? Vacation of whatever May you could do a lot with $100.200 extra month people, people all the time. Think about it's about hitting a home run. It's about hitting a single man. It's about making that next step. It's not about making that leap. It's about making that next step. That's what we're here for. All right, That's what we're here for. So head over the apple. ITunes. Give me some feedback I'd love to hear your feedback. Guys, write the show. It helps get more listeners. It helps that more value to people's lives. I really appreciate that guy's in there and choose. Here's the action step for today. Getting ahead of myself. I want you to choose one model. All right, choose one of these models. Her education model, gated content model bonus content model, premium content model If you're a primarily driven content business. And to be honest, everybody is nowadays. Doesn't matter what business you're in. You have continous some kind. Pick one of those four educational, gated bonus or premium, and work your way towards generating money with it. All right, so let's say educational. Oh, said out are not even educational. Look, let's just say you sit down. You think about what do I do? The content wise, that could benefit other people. Don't think about the money thing about the benefit of other people. If you say you know, man, I'm very good at teaching people. Okay, Go to YouTube. Start dropping some free videos. You're gonna free video. What? Yeah, Dude, if your goal is to make money, you're not gonna make it. You go should be the add value to help people and make it difference. So if you go to YouTube with that mindset, you don't mind giving out videos. You don't mind helping people. Eventually, someone was notice all the value created, and they'll start supporting you. And then guess what, Tim? More people will support you than 100 people support. Then you have all these supporters because you're not doing it for money. You're doing it for value and for helping people. You're creating these educational videos to help others, and you're not solely focused on yourself. People realize that, and they will support you. And then when they support you, guess what that give you some money about? Hey, man, keep this going to love this. Keep it going. All right. So that what you're not some scummy sells guy in a Sam's Club that's sitting there waiting for you to walk by him so you can interrupt you and just awkwardly ask you to buy something that you're never gonna buy ever. There's no trust in that relationship. You just met the guy. He's some weird dude who's like a man. You would buy this TV right here. No, no. Who are you? Why are you? I'm just coming to Sam's club to buy some crackers. Why are you interrupting me? You know, it's so intrusive, so intrusive. So don't be that guy. Don't Don't just make an educational content library and the blasting off Facebook as asking people buy it when nobody knows who you are, what you are about. Build your free content, get some supporters, create value. Then the money will come. Don't worry about money. And if you're worried about money, well, you should probably focus more on creating mawr in your job or your business in ways that aren't taking advantage of people and ways of their hard work. So you can pay off stuff. And there you go. There you go. Don't mean to go off on attention like that. You guys probably already lost the whole point of the episode. But I just want to reiterate she was one of your models and work away towards during some money with it, work your way towards impacting some people with it towards creating some value with it, you know, Go, go that route. It'll take a long time and I go it's gonna take a while. It's good taken, but it could take months. Could take years. Whatever. Go that route. Build it. And then there you go. All right. So thanks for listening. They guys, if you give 100% you don't have to look back. So give it 100%. Get out there tracing by for people. Work your way towards it to pick one of these models. All right, I'll see you next time. Are you ready to be entre Vied? Let's break free of the life we're told to live, create freedom and well, by adding value to others live, challenge traditions, challenge authority and get entre fied.