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Turning $0.01 into $1000 in 24 Hours

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Manage episode 373103085 series 3456602
Content provided by Michael Cheney. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Michael Cheney or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
  • Michael Cheney attempts to turn $0.01 into $1000 in 24 hours using the Internet, starting from scratch without utilizing his existing Internet business.
  • He initially planned to buy a domain name for a penny and flip it for a profit but was shocked to find the actual startup cost was higher than just a penny with a 3-year commitment stipulation.
  • Upon the failure of the first method, he turns to trade his time for money. He creates an account on Upwork.com and applies for various jobs, including voice acting work and content creation.
  • Simultaneously, Michael explores "Get Paid To" websites, where he earns cash in exchange for signing up to various websites and receiving promotional content. He uses a platform called Swagbucks, earning the equivalent of $1.47 by the end of the day.
  • After struggling to gain traction on Upwork.com and earning modestly on Swagbucks, Michael decides to use his earned $1 to purchase a domain name (marketingwithx.biz).
  • He sells the domain name by posting it on his Facebook account and markets it on various websites where domain names can be sold. The result is a sale of $6, bringing his total to $6.47.
  • Michael ends by highlighting valuable lessons from the challenge: Trust is critical, success takes time, and always offer something of value to the marketplace.
  • Despite not reaching his goal, his efforts multiply his initial penny, demonstrating progress and potential scalability over time.
  • He concludes by reminding viewers about his $1000 prize to a lucky subscriber.

If you want to know more about Michael Cheney, you may reach out to him at:


  continue reading

86 episodes

Artwork
iconShare
 
Manage episode 373103085 series 3456602
Content provided by Michael Cheney. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Michael Cheney or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
  • Michael Cheney attempts to turn $0.01 into $1000 in 24 hours using the Internet, starting from scratch without utilizing his existing Internet business.
  • He initially planned to buy a domain name for a penny and flip it for a profit but was shocked to find the actual startup cost was higher than just a penny with a 3-year commitment stipulation.
  • Upon the failure of the first method, he turns to trade his time for money. He creates an account on Upwork.com and applies for various jobs, including voice acting work and content creation.
  • Simultaneously, Michael explores "Get Paid To" websites, where he earns cash in exchange for signing up to various websites and receiving promotional content. He uses a platform called Swagbucks, earning the equivalent of $1.47 by the end of the day.
  • After struggling to gain traction on Upwork.com and earning modestly on Swagbucks, Michael decides to use his earned $1 to purchase a domain name (marketingwithx.biz).
  • He sells the domain name by posting it on his Facebook account and markets it on various websites where domain names can be sold. The result is a sale of $6, bringing his total to $6.47.
  • Michael ends by highlighting valuable lessons from the challenge: Trust is critical, success takes time, and always offer something of value to the marketplace.
  • Despite not reaching his goal, his efforts multiply his initial penny, demonstrating progress and potential scalability over time.
  • He concludes by reminding viewers about his $1000 prize to a lucky subscriber.

If you want to know more about Michael Cheney, you may reach out to him at:


  continue reading

86 episodes

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