From: alexhormozi
It is possible to earn substantial income, including millions of dollars, with little to no upfront capital by leveraging strategies such as affiliate marketing and performance-based commissions [00:00:08]. The core principle revolves around providing significant value to others and earning a percentage of the created value [00:06:07].
Selling Value for Commission
One method to earn a high income without initial capital is by selling something for a high value and receiving a commission [00:00:22]. This approach focuses on the value you provide to others, rather than direct hourly or yearly earnings [00:06:03].
For instance, if an e-commerce store generates 5 million for the company, earning one percent of that, or 5 to $10 million in value to earn a million dollars yourself [00:00:51]. If one lacks the skills, the next step is to acquire them [00:00:57].
Similarly, selling high-value assets like a 20 million residence, for example, typically grants a realtor around five percent, which amounts to a million dollars, without ever owning the asset [00:03:53].
Affiliate Marketing
Affiliate marketing offers a way to earn income by promoting products or services you genuinely like, without needing to create your own [00:06:11]. By becoming an affiliate for existing products, you can make money without any out-of-pocket expenses [00:06:16].
The strategy involves:
- Honest Recommendations Being transparent about your experiences, such as trying multiple products and recommending your favorite, builds trust [00:06:22].
- Saving Customer Time and Money Audiences appreciate individuals who have already invested the time and money to identify the best products [00:06:27]. When you make a recommendation, customers are likely to purchase through your link because you’ve saved them effort [00:06:33].
This method allows individuals to make money by affiliating other people’s products without requiring any initial capital [00:06:39].