How To Make $2,400,000 Without Selling Anything | Summary and Q&A

45.1K views
•
February 18, 2024
by
Brett Malinowski
YouTube video player
How To Make $2,400,000 Without Selling Anything

TL;DR

Jordan Bound, an entrepreneur, explains how he makes around $2.4 million a year in profit by offering a free course on Drop Shipping and using affiliate links to generate income.

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Key Insights

  • 🥶 Offering a free course can be a strategic way to build a personal brand, establish credibility, and attract a large audience.
  • 🥶 Monetizing a free course through affiliate links can be a lucrative income stream, especially if the course provides valuable information and recommendations.
  • 🙃 Leveraging affiliate programs, such as Shopify's, can be a profitable way to earn commissions from sign-ups and conversions.
  • 🤩 Building a personal brand and creating content that resonates with specific audiences is key to the success of a free course.
  • 🥶 Providing ongoing value and support beyond the free course can increase customer retention and affiliate income.
  • 🫵 Personal stories, specific hooks, and mystery-based content can be effective in attracting and engaging viewers.

Transcript

how much money do you make around 200k a month profit right now profit yep wow okay so two $2.4 million a year in profit yep okay what do you do have a free course a free course okay how do you make money from a free course just affiliate links what type of affiliate links so it's it's a Drop Shipping course um to to have a successful Drop Shipping... Read More

Questions & Answers

Q: How does Jordan Bound make money with a free Drop Shipping course?

Bound monetizes his course through affiliate links, particularly Shopify affiliate commissions. He recommends various software and tools that drop shippers need to run their businesses and earns commissions from the sign-ups he generates.

Q: What are the terms of the Shopify affiliate program?

While Bound is not aware of the full details, he mentions that Shopify pays affiliates a flat fee for each sign-up. If the sign-up converts to a paid user after a free trial, the affiliate receives a commission of $150 each month for three months.

Q: Why does Bound offer a free course instead of charging for it?

Bound believes that offering a free course builds his personal brand, establishes credibility, and allows him to reach a wider audience. Additionally, recommending affiliate products in the course enables him to monetize the content without directly charging the learners.

Q: How does Bound ensure that learners stay engaged and continue their membership beyond the free course?

Bound has a paid community section where learners have access to additional support, live streams, and specialized help. By providing ongoing value and support, he increases the likelihood of learners staying enrolled and generating affiliate income.

Summary & Key Takeaways

  • Jordan Bound offers a free Drop Shipping course that has gained millions of views on YouTube in just a few months.

  • He monetizes the course through affiliate links, with Shopify being the main driver of income.

  • Bound's strategy is to provide valuable content for free, attract a large audience, and generate income through affiliate commissions from the products and services he recommends in the course.

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