[00:00] but I'll teach it to you in under 30 minutes. I have seven, which generate me over $100,000 per week, explain how I got started,
[00:16] This video is gonna create future millionaires to build multiple income streams First is my retail stores
[00:29] helicopters, cars, and more. is by launching an online one. because there are lower startup costs,
[00:41] and you have the flexibility to run the business But just because online stores are easier to start, are outdated or unachievable.
[00:53] from fried chicken shops to clothing stores. You're basically saying to become rich Disliked and unsubscribed."
[01:08] but when I started my store, I had hardly any money. with no qualifications to fall back on, I'm not gonna sit here and tell you it was easy for me
[01:23] I remember on the opening day of my first model shop, because unless I made enough money on the day, So how did I manage to start a shop
[01:37] Well, I got funding, which is something you can do too. but I took three simple steps. I identified the perfect location for a shop,
[01:52] how much money I needed, and finally how much money I thought I could make. without professional help,
[02:05] and find a free business plan template online Step two is to do some customer research. to test out if your business will actually work.
[02:20] and get so carried away with it and asking their potential customers what they think. and gathering actual data.
[02:34] and potential headaches. I did this without even knowing it This allowed me to talk to customers
[02:47] that I could fix in mine. like they probably force you to do on school trips. then it can prove to be
[03:01] Step three is to get funding. It was very hard to secure, until someone believed in me.
[03:15] funding options available such as crowdfunding. you can use platforms like Kickstarter to raise money Right, time to rank this income stream out of five stars
[03:31] Firstly, how much time does managing a retail store take? because I'm not gonna lie, However, with that being said, as time goes by,
[03:46] especially when you start scaling it by hiring staff that can run while you are not there. Secondly, how much money do you need?
[04:00] because although the initial stage of, you don't have to do it all alone and crowdfunding methods that can get you there,
[04:13] Thirdly, how easy is it to make $100 per week? For this one, I'm gonna say five out of five stars. and you know the ins and outs of the niche,
[04:28] buy into not just the products, but into you. which I manufacture in China the idea of seeing my own products
[04:42] I would sit in school staring at my drawings I always thought you had to have millions of dollars, to make it a reality.
[04:57] clutching onto my designs I drew as a kid So how did I go from a kid with a dream on a piece of paper Well, I took three key steps that you can replicate
[05:12] Step one is picking a niche. If people weren't watching the latest competitions they were busy collecting kits and accessories
[05:26] It had what's known now as a cult following. You need to identify a popular niche with lasting appeal, I'd personally start by following Instagram pages
[05:38] You need to know what the people in this niche Also try to understand their challenges Take a brand like Represent, for example.
[05:52] and ended up on everyone's Christmas list. for oversized clothing within the fashion industry with their oversized hoodies and tracksuit sets.
[06:05] It's interesting because if you look at them now, with their 247 range Here in the UK,
[06:17] with 74% of people owning fitness products. because young people aren't drinking as much. and created a new clothing range to meet the demand.
[06:30] Step three is creating a culture. that is the secret sauce. People feel like they wanna be part of something bigger.
[06:45] not just for what you're selling, but for the whole vibe. in the Super 10K Spartan Race rope climbs, and even swimming through icy water.
[07:02] where people go to test their limits They've built a genuine community with around 1.5 million people participating last year.
[07:15] with a whole wedding party completing the course. in your own niche. Firstly, how much time does creating your own brand take?
[07:29] because you're gonna have to put in the work. to build the audience, so you can ride with them instead of drowning in them.
[07:43] I'd give this one a three out five But once sales start rolling in, growth can happen quickly, Thirdly, how easy is it to make $100 per week?
[08:01] if you've completed steps one and two, Once you've built hype there's no reason you can't easily make $100 per week.
[08:15] and sell it online. but I made quite a name for myself in the model industry with their failing businesses.
[08:27] Before I knew it, it became a side hustle. and offered them a lump sum in exchange for their stock. and I was completely shocked by the results.
[08:43] and bought lots more failing businesses. Now my team just lists these items on eBay for me. and I never imagined my little side hustle
[08:59] "But Mark, I don't have enough money How can I do this too?" Step one is to identify businesses run by older people.
[09:15] and the traditional methods aren't as effective anymore. and you've gotta change with it if you want to stay on top. This is where you come in.
[09:31] and ask if you can try and offload then list and sell it on eBay in exchange for a commission. and you can earn some extra cash.
[09:43] Over time, you'll be able to build up profits, Step three is to use your profits This is a huge turning point
[09:56] the pricing and the customer experience. and enables you to build up a strong reputation as a seller.
[10:08] into a real business. Firstly, how much time does running an eBay shop take? Well, I'll say this is a three out of five, if not a four,
[10:22] you're simply selling someone else's stock. why you can't be selling in your sleep. I'm gonna rate this a five out of five
[10:37] especially if you're selling stuff for a commission and a great way to get stuck into business Thirdly, how easy is it to make $100 per week?
[10:52] because all you have to do is sell 50 items you've made an extra $100 that week. and let it grow over time.
[11:05] but in my humble opinion, your money's losing value due to inflation. this averages out to be a loss of 3.8% per year.
[11:20] then you're getting poorer by the second. that provides an average return of 8 to 10% every year so that you can both beat inflation and earn some profit.
[11:35] However, you can achieve returns like this A stock is a small part of a company there are two ways you can make money.
[11:49] during the time you own it, The second way is receiving dividends. Now, not all stocks pay dividends,
[12:02] without ever selling your stock. My son has actually been investing 5 pounds a day instead of buying a morning Starbucks coffee.
[12:17] that small investment is now worth 1,783 pounds, or $359 for all my American subscribers.
[12:32] Of course, past results are no guarantee of future returns, To set something like this up, and then click the plus button.
[12:45] you want to include in your pie. this S&P 500 Index fund. and then the arrow button.
[13:01] Right, tap Next, and then Autoinvest. as it shows you how much money you could make you can get back less than you invested
[13:14] but it's still a great way to get an idea of how much you could make based on data-backed projections. I mean, say we invested 250 pounds per month
[13:26] This says that you'll have only invested 94,250 pounds and your portfolio could be worth 2.19 million pounds.
[13:38] that could give you a portfolio That's over $10 million. in my three core categories.
[13:53] I'd rate this five stars out of five such as Trading 212, Since I was planning to talk about Trading 212 anyway,
[14:07] in sponsoring this portion of the video. to anyone that uses the code Tilbury with as little as 1 pound or euro.
[14:22] Both of you will get a free share Also, don't worry if you've opened an account and receive your free share.
[14:36] I'd rate this a five stars out of five again, you can start with as little as a price Because of the way compound interest works,
[14:49] so that time is on your side Thirdly, how easy is it to make $100 per week? because it's very challenging to make this kind of money
[15:06] net worth really starts to accelerate after the first 100k. is now the easiest thing in the world, so who knows?
[15:18] than $100 a day through investing. I rent these out to families. that would constantly bring in money
[15:31] so I did some research and that's when I bought and it's in an up-and-coming area and good local schools.
[15:44] The reality was it needed a lot more fixing up and I just tied up a big amount of my money. so I spent every free moment down at the house
[15:59] Now, looking back, this was hands down It's over doubled in value has given me a steady income for years.
[16:11] a big chunk of change to start, without actually buying any property yourself. This involves you sitting at a computer finding deals
[16:25] and receiving a commission. and so are thousands of other real estate investors. you can take right now to start this.
[16:38] Learn about the local real estate market, Become obsessed, watch videos and read plenty of books. Connect with real estate agents, property managers,
[16:53] Attend local real estate meetups and join online forums Step three, start finding deals. through online listings, auctions,
[17:07] present it to investors in your network for a finder's fee. this experience will prove invaluable You'll already possess all the necessary knowledge.
[17:24] You're learning and earning at the same time. Firstly, how much time does residential real estate take?
[17:36] and if you're the investor, to fix up the property at the beginning. then this is a five out of five stars
[17:49] However, if you're investing, to buy the property and also maintain it. Being a landlord isn't always easy.
[18:01] I'd get called up for the craziest of things. And thirdly, how easy is it to make $100 per week?
[18:14] as it's relatively easy to make $100 a week. just one finder's fee can earn you thousands in commissions. from both rental payments and property value appreciation.
[18:30] I rent these warehouses to different businesses. This is something I explored later in life and I recommend you do the same.
[18:45] and you can typically earn more per month However, my warehouses are unlikely to increase in value I'm gonna keep this one short and skip to the ratings.
[19:00] First, how much time does commercial real estate take? Honestly, it can be relatively hands off However, setting it up does take time,
[19:13] Once you're up and running, Secondly, how much money do you need? as commercial real estate isn't cheap
[19:27] However, financing options and partnerships if you're not ready to put in all the money yourself. And thirdly, how easy is it to make $100 per week?
[19:41] as the potential is definitely there, well above $100 per week. can provide a strong cash flow,
[19:53] Seventh is my personal brand to help the next generation grow their wealth. and in the movies.
[20:06] becoming an actor yourself seemed like an impossible dream. and then become a star." However, nowadays with social media,
[20:20] to become famous and get rich at the same time. like giving you a sense of purpose and authority,
[20:34] while having the freedom to travel whenever you want when I became a content creator and posted my first video,
[20:46] I just wanted to work with my son, and hopefully help some people along the way. although it's really cool
[20:58] But let's not beat around the bush here. through ad revenue and sponsors, to produce better videos for you guys.
[21:12] the other night reflecting on a few of my old videos. seeing how much everything had improved. Let's discuss how you can start posting on social media,
[21:26] Step one is research. but if you want to grow on social media, For example, my lane is personal finance and side hustles,
[21:40] If I just posted whatever I wanted, let's say one day I was discussing my passion for RC models, and then maybe investing,
[21:53] And the reason for that is you don't actually have any idea So think about what you're interested in and experienced at, and hatch a plan to put your own spin on things.
[22:07] Remember a moment ago when I mentioned Well, that's exactly why you need to create. and learn everything there is to know about creating videos
[22:23] So what are you waiting for? and have a clear goal for where you want to end up, Step three is monetize.
[22:36] but if you're not able to make any money from it, you'll be able to continue doing it. and takes more time than you'd probably think.
[22:49] that's all time that could be spent working a job My advice for monetizing your social media career and instead focus on creating great videos that people love.
[23:05] which is crucial for monetizing in the future. there's three main ways you can start making money. where YouTube will pay you for those adverts
[23:19] The second way is brand deals and get them to agree to pay you either a flat fee, And the third way is by creating your own digital product
[23:32] Now let's rank personal brand. I'll give building a personal brand two out of five stars because when you're just starting out,
[23:46] Even when you're an expert, creating content takes time. as at least you can create when you want Secondly, how much money do you need?
[23:59] as it really does depend. and create videos with your iPhone or you can go all out and get the best camera,
[24:12] Thirdly, how easy is it to make $100 per week? as posting videos online At first, there are some requirements you need to meet
[24:27] like having over 1,000 subscribers But once you've gained access to this making $100 a week is very realistic.
[24:40] then I'm gonna leave that video right up there. if you want to grow your wealth, okay? I'll see you over there.