Will It Work? New Way To Make Money Online For Free In 2024 For Beginners! ($100/Day)

Turn your skills into a thriving online business generating $8K/month.

If you’ve been looking for a way to make money online as a complete beginner, you’re in the right place. In this blog post, we’re breaking down a viral video that claims to have a brand-new method for making $100 per day. We’ll explore whether this strategy is worth your time and what the pros and cons are. This post will guide you through the details, reasons for its potential success, reasons it might fail, and how you can actually make it work for yourself.

Overview of the Method

The original content creator suggests that we use two new software tools to create a podcast that generates income. Here’s a quick summary of what he advises:

  • Tool 1: Notebook LM — This free tool, supported by Google, creates scripted conversations between two or more people. You don’t have to be on camera, making it perfect for those who want to create content without showing their face.
  • Tool 2: Canva — After generating a podcast script, you can upload it to Canva, add visuals, and then upload the content to YouTube.

The creator suggests making money through three main channels:

  1. YouTube Partner Program (requires 4,000 watch hours and 1,000 subscribers).
  2. Affiliate Marketing.
  3. Selling Your Own Digital or Physical Products.

The idea is to combine Notebook LM and Canva to create and edit podcasts, then distribute them across YouTube and other free podcasting platforms like Anchor.fm.

Why This Method Could Work

1. YouTube’s Potential for Traffic

YouTube is the second-largest search engine in the world, and the possibility of getting traffic from YouTube is significant. If you optimize your videos well, YouTube might recommend them next to similar content or even show them in search results, which could lead to significant organic reach.

2. Monetization Opportunities

There are a few different ways to make money with this method, such as:

  • YouTube Ads: Once you meet YouTube’s requirements, you can start earning from ads.
  • Affiliate Marketing: You can recommend products and services that align with your niche.
  • Digital Products: You could also sell your own products, making this method flexible.

3. Easy and Quick Setup

This process is relatively fast once you get used to it. With the right prompts and tools, you can create content quickly—as little as 15 minutes for a video. Plus, most of the tools involved, like ChatGPT and Canva, have free versions, making this accessible for beginners with minimal upfront costs.

Why This Method May Not Work

1. The Creator Might Not Be Practicing What They Preach

One red flag is that the original content creator is on camera while encouraging viewers to create faceless accounts. This raises questions about whether they genuinely follow the method themselves.

2. Using Paid Tools for Better Results

Although many of the tools are free, the creator uses the paid version of ChatGPT, which delivers better results compared to the free version. If you want optimal output, you may need to invest in the paid versions, costing approximately $50 per month.

3. Need for High-Quality Visuals

If you want to succeed on YouTube, you need engaging content. Static images alone may not hold the viewer’s attention. Including motion graphics, B-roll, and dynamic visuals significantly increases production time, meaning this method isn’t as “quick and easy” as it seems.

4. SEO Knowledge is Critical

Understanding SEO (Search Engine Optimization) is crucial to getting your content found on YouTube. You need to know how to optimize titles, descriptions, and tags. Without this knowledge, your videos won’t gain much traction.

5. Audience Receptiveness to AI

A big question is whether audiences will stay engaged with AI-generated content. If they know the content is created by AI, some viewers might lose interest. Transparency is key, and marking the content as AI-created can affect how viewers respond.

How the Content Creator is Actually Making Money

The content creator isn’t only relying on YouTube Partner Program income. Here’s how they’re likely making money:

  1. YouTube Ads: They earn based on RPM (Revenue per Thousand Impressions). For example, if their RPM is $19 and they have 20,000 views, that translates to around $380 in ad revenue.
  2. Email Marketing: The creator collects viewers’ email addresses in exchange for something free and then uses that list to promote other products.
  3. Affiliate Marketing: They place affiliate links in their video descriptions. When viewers click on these links and purchase a product, the creator earns a commission.
  4. Digital Products: The creator also sells digital products that are promoted through their email marketing efforts.

My Plan to Test This Method

I decided to give this method a try for 30 days to see if it works. Here’s my process:

  • Step 1: Use the prompts I developed to generate different podcast episodes, ensuring a consistent workflow.
  • Step 2: Create visuals in Canva and upload everything to YouTube.
  • Step 3: Track the growth of my test YouTube channel. I’m starting with just 31 subscribers, and I’ll document the journey to see if it gains traction or income.

Final Thoughts: Is This Method Worth It?

Ultimately, this method has both potential and pitfalls. If you have basic SEO knowledge and are willing to learn the ropes, this could work for you. However, it’s important to be aware of the challenges, such as needing paid tools for the best results, staying transparent with your audience, and creating dynamic content to keep viewers engaged.

What are your thoughts on this process? Do you think it’s worth trying, or is it just another overhyped money-making scheme? Let me know in the comments below. And if you want the prompts I used for my experiment, feel free to ask!

If you’re interested in other ways to make money online, check out my next post, where I lay out step-by-step instructions on starting an online business from scratch.