The Tai Lopez Show #602 - The most foolproof way to make $100,000 per year working from home
May 20, 2022
Learn how to turn your skills into a $100,000 income from home with the right strategies. Discover why service-based businesses are more lucrative than product-based ones. Delve into the importance of timing in entrepreneurship and how to build wealth gradually. Explore practical tips for using platforms like Upwork for freelancing success. Gain insights into e-commerce growth and the value of mentorship to navigate the remote work landscape effectively.
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S + I = M Formula Explained
- The formula S + I = M represents Service plus Internet equals Money, the simplest path to six to seven figures from home.
- This formula applies globally, regardless of age or location, requiring only a good internet connection and a service skill.
Service Business Advantages
- Service-based businesses require less capital, have lower failure rates, and are more accessible than product-based businesses.
- While product businesses create more wealth overall, services are more realistic for most people without wealthy backgrounds or elite connections.
Launch a Service Business Online
- Start a service business offering skills like social media marketing or personal assistance to earn $1,000 to $10,000 per month.
- Use freelance platforms like Upwork or Fiverr to find clients and build testimonials to grow your customer base.