You Won't Believe How Easy It Is to Make Your FIRST Million!
There are so many different ways you can make a million dollars these days…
But if you’re brand new or just getting started, how do you know which business model is going to give you the highest chance of success?
Well in this video I’m going to break down my top 5 beginner friendly business models that can help you reach a million dollars within 5 years or less.
The Daily Mentor - Scale Your Brand To 8-Figures & Beyond, From Real E-Commerce Experts Who’ve Built $100M+ Brands: www.dailymentor.co/
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WATCH NEXT:
1️⃣ How I Went from $500 to Half a Billion in 5 Years: • How I Went from $500 t...
2️⃣ COMPLETE Shopify Tutorial for Beginners 2023 - Build A Profitable Shopify Store From Scratch: • Shopify Tutorial For B...
WHO AM I?
Hey, if we haven’t met before, I’m the owner and founder of 'The Oodie', one of Australia's fastest growing ecommerce brands.
Timestamps:
00:00 - Intro
01:36 - 1. Learning a high-income skill
02:43 - 2. Buying other businesses
05:13 - 3. Starting a digital agency
07:32 - 4. Real estate investing
08:47 - 5. Selling products online
DISCLAIMER: The content provided in this KZread video is for informational purposes only and should not be considered as professional advice. Any recommendations, reviews, or opinions expressed are based on personal experiences and research, and individual results may vary. Viewers are encouraged to conduct their own due diligence and consult with relevant professionals before making any purchasing decisions or implementing strategies discussed in this video. The creator of this content shall not be held liable for any direct, indirect, incidental, or consequential damages arising from the use of information presented herein.
Пікірлер: 230
the first thing that stand out from you is your honesty and compassion to truly help the world. thank you bro.
yea high-value skills is essential. Not only u can use it for hustling, but can use it to create a business.
Davie is single handedly building the biggest community of Millionaires through his free content 💣
@b2bt696
Жыл бұрын
selling his products in every video with the dream of 'easily become a millionaire' okay mate lol
respect! i'm also a fellow Adelaidean.. my honest feed back, this video was really great. Your examples made it very much understandable and relatable... I currently run my own business online so i appreciate and understand your hustle, would love too meet you one day or cross paths stay humble my man! x
Thank you for this davie. This is awsome stuff to know 🙌
Hey Davie, hope you are doing well. Personally, I want to thank you very much for this content. You truely inspire me more than anyone else I have looked into to learn from. You’re an Aussie just like myself and I’m very grateful to have found you. I hope to one day have contact with you and be able to speak with you one on one. Please keep going. God bless.
thanks for sharing. Love the new background music style and lighting.
Great advice and content Davie. What a lot of inexperienced people do not understand when looking for and transacting a deal, the most important trait required is persistence - you need to knock on a lot of doors, have many conversations and listen for cues to progress a deal! Always be in a qualify mindset and ask challenging questions as so you can determine if the deal is real or not!
Bro David, I love your videos and it’s actually insane because you are telling people how to build actual value and not shitty drop shipping stores that sell bad products. I really strive to have that absolutely solid foundation you have bro. Much love, love to see your success!
Awesome content Davie!! Your Channel is so inspiring and motivating ✊
Keep it going Davie! I've spent the whole last month and watched all of your videos. All lesson learned and will be applied, You are the best thanks for everything man
@DavieFogarty
Жыл бұрын
Good luck!
Another quality video again. Cheers
i really enjoy your videos thanks for that!
Great video Davie. Loved it
thanks for the honesty on the different caveats. ( retention. never give up and so on )
Beautifully explained, thanks for sharing this.
I really appreciate your transparency in everything you suggest :)
Thank you so much. Your offer is really great!
Great video Davie
Love the videos, Davie! Super keen to see a video on how you would structure a digital agency. I’m currently working for myself on hourly rates with a number of clients for email, social, websites and videography. Biggest problem I’m finding is how I scale up my rate/business. I’ve read in places that an hourly rate isn’t the best model. What are some better alternatives in your opinion?
Thank you Dave! Appreciate you
Super Quality content again🌟
Another fantastic video, thanks! Super inspirational
Thank you!!! So helpful
Thank you bro, for sharing this knowledge. Wish you all the best in everything.
I love your videos. Please do not STOP what you do. We need you!! I love your transparency and the way you explain everything. God bless you!! 💙
Impressive.. " Success haven't any time. It can occur any time. Just we need to focus on our certain goal and work on it with love and patience.. "
Truly thank you for this. You make it sound so easy. I’m starting with videography as a skill. I’ve always wanted to invest in real estate & ecommerce.
@DavieFogarty
Жыл бұрын
Glad it was helpful!
Yes really awesome guy. Very much appreciated!
Davie, you motivate me so much. You taught me how to launch Klaviyo campaigns and SMs marketing. I just want to be like you, a successful entrepreneur. I'm camping on your channel until I get my 1st million. I'm trying to try all your strategies and never give up. Thank you for all the free information. I'm seeing you headed to the Billion $ status very soon and you deserve it💯 keep up the good work.
You're a GODSEND! So generous of you to share your "secrets!" You truly have acquired a wealth mindset! Bless you!
Thanks bro. So genuine and helpful.
As a person living in Europe, I envy those who can do real estate and online businesses without much upfront cost. After starting my e-commerce business and paying mandatory fees for a business license, social security and VAT, earning nothing but seeing how easy people make it seem, I feel that there's something wrong with me...
@casper7578
Жыл бұрын
Most people make things seem easy because they have something to sell... Hard doesn't sell for wantrepreneurs. Truth is that nothing is done easily
@jumhed994
Жыл бұрын
This is why London is so popular with Europeans. It's A LOT easier to start businesses there. London is technically the 5th biggest French city as there are so many French people there.
@rml4289
Жыл бұрын
@@jumhed994 and I bet none of those french speak to anyone non french
@becsta365
Жыл бұрын
It isn’t easy and you must persist. I’ve had 5 failed stores and one successful one but the work has been immense because I put the time into branding even though „dropshipping“ - it takes time…persist. It does work out eventually so keep going @nadia
@becsta365
Жыл бұрын
@@rml4289 no wrong! Many Europeans speak and understand very good English
Love the video. Can you create a video on each of the high ticket skill
Love you man watch you’re videos over and over you’re a such a great teacher especially to me ur the real one man🙏❤️
Extremely educative ❤️
Thank you David :D
Always do something that excites you. Even the hard graft of sanding floors on you way to flipping a house. Or enjoying the giddy feeling from an online sales day. You may to a new interest when you are in any business or any stage of a business, but keep in the direction to need to go to flip / grow / resell; in order to move on. Every step should be a step forward. And just always, always take any set-back as a @learn' ; not an indication you don't have what it takes. You learn, Move on. That's it. Thanks for the talk Davie good man.
Thanks for sharing great value
Man I love your videos thank you for sharing
Great advice mate!
Yes! Great tips -
Thanks mate!
I wish I were half smart as you seem to be! You seem successful in many endeavors! Just your YT chanel is a success on its own!
Davie you are just super mate - truly excellent content - you are a fantastic example to learn from !!! Keep up the good work my friend !! Rudi Spain
wait bro this is seriously useful info, i wasnt expecting this. respect bro
@DavieFogarty
11 ай бұрын
Glad to hear it!
Very informative video i will surely follow your advice.
Thank U Davie.
Really Awesome, This Guy Is One Of The Best Entrepreneur On KZread, Really Valuable Content, And Point To Point Appreciate This Guy
Great video! I enjoyed watching! Great results on the ecommerce sales! To answer your question. Videos about product selection could be helpful!
Thank you 👍🏻
Great vid
solid advice
Let's go! Been waiting for this banger
Was recommended to you from a friend and looking forward to future videos. I plan to sell a product (not figured out the product just yet, was thinking watches but that was with dropshipping as it would cost too much to start my own brand at this point in time for me). I can build the website without an issue. Going to try find different unbranded products i could sell that would be easier to source for here in the UK.
You are completely right! People just don't want to hear it because then thy'd have to look in the mirror and take responsibility for their life. I struggle so much with my adhd I have so may great ideas and have learned so many skills over the years but its my ability to stick with it that is my downfall. I am getting back on medication this year so that I can hopefully change my life for the better. Thank you for the motivation to keep trying.
Keep going brother, you know what, i'm an general practioner but in my country the salary is too small it's just less than $300 a month bcs the birocracy is too suck, the income and the cost when im study its just too far, so i think this way would help me a lot to cover it. Thanks this is the most logically realistic way to become wealthy in this era.
@theinformerboy399
Жыл бұрын
Oh davie you may share us how to find winning product or product market fit to sell?
@DavieFogarty
Жыл бұрын
I have the exact video on finding winding products on my channel for free
Davie, thanks so much for all this info. Much appreciated! You truly inspire me. Do you need a patent or patent pending for selling your "unique" product?
@DavieFogarty
Жыл бұрын
Only if you want to protect your designs. However if you're dropshipping, it's likely you won't be in this position until you have an idea and enough capital to start it.
Two minutes in and I am shocked at what he’s saying. The sentence, “if you want to learn a skill, go on KZread and study it. I’m an older guy, I have 2 degrees which took me four years each. It’s amazing how time has changed. Nuts
best of best
Im hoping to make my first multi million deal within the next 30 days. Wish me luck. If the deal goes through ill be working on making building my real estate empire.
U can also buy a property in the same way as to buy a business from someone retiring, and u can get the property WITHOUT a bank loan, and let the owner be the bank and pay the owner a smaller interest… it’s very very hard, bit it’s possible.
I am listening!
Davie you’re the best!
I've always been business driven i started creating content in on my youtube channel with a 10yr marathon run! In the meantime im doing labour with to buy my first property at 20yrs old, flip then repeat the process! before i perish all my money will be donated very little will go to my fam
THE GRASS ISN'T GREENER ON THE OTHERSIDE, IT'S GREENEST WHERE YOU WATER IT! Don't be chasing shiny objects, there is no such thing as an easy business model! Pick one business model and focus on it obsessively. Business is delayed gratification, you put in the work and time to learn everything & get paid later when you're actually VALUABLE. Forget about getting rich & focus on the skills needed to get rich. Value has to be created for your customers or otherwise you'll make nothing. Forget about your wants & needs, focus on your customer and provide the best service/product for them. IF YOU DON'T QUIT YOULL NEVER LOSE. I WISH YOU ALL SUCCESS IN YOUR ENDEAVORS!
God bless you Davie 🙏
Finanicial controle and passive income are the best ways to get free. Like your video!
Business is all about being the first to offer the solution for a specific problem in the market.......
What A Living W !! ❤❤
Good morning boss I do appreciate this wonderful episode
Buying businesses and real estate investing requires large amounts of capital to begin with, usually.
I'm Shopify developer. First of all thanks for sharing great content. E-commerce is best option to earn money. But before that we need to find market fit product that really solve problem. Thanks
Hi Davie, thank you for this video. Very helpful. Can you create another video explaining the challenges that we can face as a beginner to start a dropshipping store. Specially how to not get banned from paypal? And how to select suppliers with short delivery times. Thanks in advance.
@DavieFogarty
Жыл бұрын
Might be worth checking out my Million Dollar Brand series!
Hey David I was wondering how you would go about finding clients for you digital marketing agency and what skills you should perfect and in what order. I’m more than willing to give it a go and put in the time but I don’t know where fully to start.
@DavieFogarty
Жыл бұрын
If you have no skills in that area, learn from those who do! Ask agencies to intern or work for free while learning the ins and outs of their infrastructure. In regards to getting clients, your first few will be your hardest bt this either comes from cold outreach, or referrals
him leaving the car lights on is unnerving to me lmao, gonna need a jump start
Hi Davie, as a graphic designer and "marketeer" the Online product selling is most appealing but i've been down that rabbithole of finding the right product for ages now. Any quick tips?
@DavieFogarty
Жыл бұрын
Often times it's best just to go down the rabbit hole as it seems you're paralysed by analysis and overthinking.
Hey i was curious , in what you edit your video?
Hey Davie, awesome video with lots of value bombs. especially part 3 sounds interesting for me, because I am building a German UGC video agency since a few months ago which is doing really well at the moment. Is there a way to connect with you? I would love to show you what we are doing, maybe it is a good fit for you ecom brands that advertise in the German speaking countries. Appreciate your time reading this 😊
@k1nl1k1nl1
Жыл бұрын
Hey Christian! If you look in the description of the video you will see that there is a mentorship program. As far as I know you don't have access to Davie one on one, but are in a group. Still you might find it useful.
@k1nl1k1nl1
Жыл бұрын
Don't fall for that... It's not Davie!
I wish it was as easy, as it is said in this video but thanks to the auther for sharing his experience
@DavieFogarty
Жыл бұрын
Glad it was helpful!
Hey Davie. I was wondering on your opinion about lunching such businesses as mentioned in the video, in a country aside USA or UK, like Poland or Germany. Looking forward to knowing your opinion!
@DavieFogarty
Жыл бұрын
It could be worth testing the niche market if there is product market fit.
Only ecommerce guru you can trust
background reminded me of alex becker hahahaha brilliant
a quick question davie what do you think on taking a loan to buy my dream house or to build it ?
@DavieFogarty
Жыл бұрын
Depends where you are at with your life and how you plan on sustaining it.
Feeling Alex Becker vibes with this vid haha
great content watching you from starting but unable to start e-commerce and stuck in job how to do get digital marketing for e-commerce should I start with influencer marketing and can you make video on it
@DavieFogarty
Жыл бұрын
I've already made a video on influencer marketing with a Gretta!
If I can make money as a side hustle training people to make soap, can you imagine the possibilities of those teaching more digital based products. It's very possible my friends x
I don’t know if you already covered this because I just recently Learnt about your KZread channel from someone on Reddit. But I am looking to find out what is the best way to find a unique product to sell?
@DavieFogarty
Жыл бұрын
It's not so much the best way to find it rather than your ability to discern a trending product worth selling that currently does not have high levels of competition. To begin with, I would recommend checking out my winning product youtube video on my channel.
Thank you for making this type of content Davie. im a 13years old guy who wants to get into e-commerce later into real estate as well and those videos help a lot
Hey @Davie Fogarty i've got a question about e-commerce. How can I find products that arent that popular right now but have the potential to get a big hype?
@DavieFogarty
Жыл бұрын
Winning products fall under certain umbrellas. Those that have their own demand and those that you need to create demand. It could simply be finding another angle for a product that has already found value, but that depends on your ability to market the product itself. To find a product that isn't "popular" right now means that you simply need to create the demand for it yourself and put in the money to build it up.
Hey Davie, what do you think about affiliate marketing as a business and which one is better to start affiliate marketing or dropshipping to make my first million dollars ? Please share your opinions?
@DavieFogarty
Жыл бұрын
You'll see better results starting with eCommerce, but it depends where your strengths lie.
@jackop9832
Жыл бұрын
@@DavieFogarty Thanks for your suggestion, I really appreciate that
Hey David, I’m launching my business in about a month and a bit struggling with the photography. can you do a video about product photography?
@DavieFogarty
Жыл бұрын
I have already done a video within my Million Dollar Brand series!
I'm overwhelmed on where to start exactly. I have a product idea that I've already made, I'm the author and filed for a copy right, but never quite knew how to sell; I'm just the idea/inventor guy. Your video makes me excited again but I could use a mentor to work with me directly. Is this possible?
@DavieFogarty
Жыл бұрын
If you're after more advanced assistance, I also have a mentorship program with a thriving community and we meet up every month 👉 kzread.info/dron/-JHxwWL4-WoqyQIYsBvTbA.htmljoin
you are awesome
Im living in morocco *Africa And im starting making videos about gaming editing and learning new skils😀
After having failed with SMMA umm actually not failed just didn't stiick with it long enough i decided i'll go into realestate
davie i love your channel really high values!Im trying to do organic with dropshipping its been 2 months im working all day but still not success.I only got an iphone trying to learn the skill of going viral and picking good products that people want or need so i can start getting some profits and building skills! w
Davie with due respect i am asking you how to get started to shopify dropshipping, and what to avoid, and what to do.
@DavieFogarty
Жыл бұрын
Check out my videos about getting into dropshipping. That will help you avoid common issues and exactly what to do to get started!
Debt is risk - extended over a long enough period of time it will revert to zero. What does this mean?
Thanks for the informative video. What's average net profit margin in Ecommerce?
@DavieFogarty
Жыл бұрын
eCommerce brands generally aim to make 30% net profit after COGS and advertising.
@scottha4935
Жыл бұрын
@@DavieFogarty thanks for the reply. To my understanding, COGS doesn’t include inbound freight, it’s pretty much just what the suppliers charge you, right? Just making sure we are on the same page. Thank you