ilmscore | How to Make Money Online: The 4 Levels

How to Make Money Online: The 4 Levels

Published: 2023-11-03
Status: Available | Analyzed

Predictions from this Video

Total: 9
Correct: 0
Incorrect: 0
Pending: 9
Unrated: 0
Prediction
Topic
Status
The majority of individuals attempting online money-making will either quickly move past the 'Brute Force' (Level 1) method or skip it entirely to pursue freelancing (Level 2).
"most of you will not stay on this level for too long or you might even completely skip it entirely and just go on to level two"
Online Business Models
Pending
Customers of dropshipping businesses will become angered by long shipping times (e.g., 3-4 weeks) and initiate credit card chargebacks.
"what's going to actually happen with your customers is that they're going to get really pissed off and then they're going to start charging back to your own website"
E-commerce (Dropshipping)
Pending
A dropshipping business will face shutdown from its payment processor if its chargeback rate exceeds 1%.
"you'll eventually get shut down due to your payment processor and then you're unable to actually accept payments"
E-commerce (Dropshipping)
Pending
White-labeled products will inherently lack significant differentiation in the market.
"your products aren't going to be that differentiated at the end of the day"
E-commerce (White Labeling)
Pending
Creating your own product from scratch will provide a comprehensive learning experience across all aspects of business operation.
"you're going to learn the full stack of how a business works"
Entrepreneurship
Pending
A single piece of online content (e.g., blog article, YouTube video) can achieve hundreds of thousands of views/reads with only a one-time creation effort.
"as long as you make that piece of content perhaps it's a Blog article or a YouTube video one time it can be viewed or read hundreds of thousands of times just for the same amount of work"
Content Creation
Pending
A significant number of product-based online businesses can be launched with a startup capital of less than $10,000.
"I'm fairly certain that you can get a lot of product businesses started for less than 10K"
Online Business Startup Costs
Pending
Entrepreneurs who hastily engage with initial vendor quotes due to excitement risk overpaying and encountering non-delivery of services/products.
"I've actually seen friends do this and they actually end up overpaying their vendors and their vendors don't end up delivering in the future"
Entrepreneurship (Vendor Management)
Pending
Attempting an entrepreneurial venture, even if it fails, will result in significantly more learning than not attempting it at all.
"even if you fail you're still going to learn a lot more than someone who doesn't even try at all"
Entrepreneurship (Learning from Failure)
Pending