3 Steps To Make $10,000 This Month

Rick Pino breaks down a three-step method to hit $10,000 monthly: pick a niche with real demand and paying customers, create digital products by recording 20 minutes of audio and hiring a Fiverr freelancer for $50 to turn it into an ebook, then bundle and scale with courses and group coaching.
Questions this video answers
August 16, 2023
Over 70%
About 20 minutes
Otter (Otter.ai)
Fiverr.com
Chapters
In this video, we're going to be talking about how over 70% of Americans say they have financial stress until they get to at least $10,000 per month. And I'm going to show you the simple way how you can get there as fast as humanly possible. Stay tuned. What's up, guys? Welcome back to the video. Today I'm going to be sharing with you the three steps that you can do right now to make $10,000 even as fast as this month. Be looking for that, guys, before we ju make sure to subscribe, like hit the bell, all that good stuff. If you want to continue to see more content like this. Let's jump right on in, guys. Let's talk about step number one, guys. Here's the very first thing that you have to do in order to get to at least $10,000 a month. Okay? Step number one, you have to choose your niche. Don't get confused on this one. This isn't find your niche. This is choose your niche. A lot of people, whenever they're trying to figure out the people group or the market or the type of business they want to start, they say, find my niche. I'm trying to find my niche. I'm looking for my niche. Guys, if you are trying to find your niche, you subconsciously put it into your mind that it's like your niche is out there under some rock or, you know, maybe it's hidden from you and you're on a magical journey to go try to find. Find your niche. Guys, you're not finding your niche. You're choosing your niche. In fact, here's the simplest way on how you can choose your niche. Okay? Really what you want to know is you want to know three things when picking your niche. Okay? Number one, you have got to see, is there even a market for this idea, right? Are there people actually interested in this thing? The best way to find out if there's actually even a market for the thing that you want to do or the people you want to serve is to couple of things. You can do a Google search. You can search for the thing that you want to do. If there's a lot of websites, a lot of blogs around the subject, that's probably a good sign. You could go search on Instagram or TikTok. Are there a lot of people talking about the thing or the market that you would like to serve? If there are, that's probably a good sign. The last thing you can do with this is you can actually go on Facebook and go check, are there Facebook groups around the market or the people group that you want to serve, right? So the first thing is you have to make sure is there an actual market? The second part of picking your niche is the market growing, right? I heard a story recently of a man who. He started a newspaper company and for a while his business was growing and growing and growing. But after a while, his business started sinking and it started shrinking. And he went to a mentor and he was like, man, I cannot figure this out. Why is my business shrinking? We're doing better than ever. Our systems are in place. Why are we shrinking? And his mentor just told him, because you're in a dying market. Nobody reads newspapers anymore, right? So not only do you want to make sure that when you're picking your niche, there's an actual market, you want to make sure that the market is growing and not dying. Because if you choose a market that is there but it's dying, it's going to be really, really hard to make money. And then the third part of picking your niche, you want to make sure that that market or that people group that you would like to serve and bring value to, they have to have money. If they don't have money, they're not going to be able to pay you, and you're not going to be able to make much money in your business. So, guys, the very first thing that you have to do when it comes to making at least $10,000 a month, and you have to choose the niche that you're going to serve whenever you choose that niche. Now, you can reverse engineer what we're going to talk about next. Step number two, you need to create a digital product. You might be sitting here going, what is a digital product like? Guys, a digital product is very simple. It's basically an educational resource, Something like an ebook, a course, a training, a downloadable cheat sheet, a workbook, et cetera, something that you create one time and then it could be purchased and downloaded over and over and over and over again. Guys, when you create your digital product or products, the amazing thing is this. You work one time in the creation of the digital product, and as soon as you put it out there, people will pay you over and over and over again. In fact, the great billionaire Warren Buffett said it like this. If you don't figure out how to make money while you sleep, then you will work until you die. Guys, digital products is the most incredible way for you to be able to begin to build wealth. This year, in 2023, maybe you're sitting here going, man, I don't know how to create an ebook or an E course. Let me give you a very simple strategy on how you can create your very first digital product. In this case, it would be an ebook. Okay, step number one, what you're going to do is you're going to take your phone and you're going to talk into your phone about your niche or about your subject or about the thing that you're really good at or you're really passionate about. Talk into your phone for 20 minutes about the thing that you are really passionate about. Okay? Then you're going to take that recording and you are going to go to a website called otter.otter otter IO you are going to take this recording, upload it to Otter IO. Otter is going to transcribe your recording for you. Then you're going to take the transcription of that audio and you're going to take that transcription and you're going to go to fiverr.com. okay, when you get to Fiverr, you're going to search create my ebook. Okay? There's gonna find tons of people on there who they actually take your transcripted audio and they turn it into an ebook for you. Okay? You can literally do this for around 50 bucks. Then you're gonna submit your audio to your favorite person there on Fiverr, they're going to create your ebook for you. And then boom, now you have your first digital product that you can begin to either give away for free or begin to sell. And literally this thing could start even selling while you sleep. This is how it works, guys. And then of course, over time, you start creating more digital products. Stack them on top of each other, put together programs, et cetera, et cetera. Before you know it, you have a big online store of digital products where people can purchase all kinds of educational resources for you. And then you are off to the races. And lastly, guys, let's talk about step number three. I alluded to it a little bit there at the end of step number two, but basically what you want to do is you want to continue creating and distributing your digital products. You want to put together your ebook, and then you want to put together a course, and then maybe you'll offer like a group coaching thing where everybody gets together once a week and you educate them and coach them on the very thing that you're passionate about or the niche that you have chosen, et cetera. Right? When you keep stacking and stacking your digital products, something incredible happens. Your money begins to start stacking as well. Especially if you begin to create these digital products these educational resources around different subjects within your niche. For instance, if you are in health and wellness, maybe you could create an ebook and a course around a workout plan, right? And then you start selling that. Well, what if you also created a nutritional guideline ebook and course. Right now you have a bunch of different digital products within the same niche. And then what if you combine these four pieces of content, two ebooks, right? Your workout plan and your nutrition plan. And then you combined your workout course and your nutrition course. What if you bundle them together? And on top of that said, I'm also going to do weekly live coaching in a group setting over Zoom and now you've got a program and you could sell that for even more. Guys, this is the fastest way to go from being stuck in your 9 to 5 or just being stuck trying to make ends meet. So let me know down in the comments. What digital product are you going to start with? And guys, here's the cool part. If you want more information on what are digital products and how they can work for you, I have created a free educational resource. It's at the link down below. Go ahead and go watch that. After you're done watching it, you can actually book a free call with one of my client success coaches and they can help you along your journey. Thank you guys so much for watching this video. I hope it brought you value. Don't forget to like and subscribe, Smash the Bell, all that cool stuff. Let me know in the comments if you guys are liking this content or not and we will see you guys next time. Thanks for joining me.
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