Sunday, October 19, 2014

In most cases, the fastest way to make $100,000 a year legally is to offer a product or service to people who have money and want to spend it on that product.

To do that, you'll need a product or service, a way to accept payment (credit cards), a way for customers to order the product, and a marketing campaign to let people know the product is available.

This can be as simple as showing up at a flea market with the right product selling for $10, selling 500 of them, and doing that twenty times a year.

Or it can be as involved as spending months creating a product, then creating a web site, then getting a merchant account, then setting up a shopping cart and affiliate program, then signing up affiliates, then rolling out a marketing campaign, and then sticking with it long enough to see if it is going to produce the results you want.

You asked about what is the most promising way - the answer depends on your skill set, the tools available to you, the time you can spend, and your ability to understand what people want and how to package it so they are happy to pay for it.

In our current economy, one of the quickest ways to make $100,000 a year is with monetized YouTube videos.

To do this, you'll need a Google Adsense account, a YouTube account, a video camera, and the time to go out and shoot interesting or funny videos or videos of celebrities doing funny or stupid things.

You'll also need to post lots of videos and monetize them all.

Once you discover the kinds of videos people want to watch, concentrate on those and you'll see your YouTube earnings grow.

Clearly, not everyone will make a $100,000 a year with YouTube videos. But if a few of your videos get a million views or more, you'll reach that goal.

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