The Next Big Trend of 2024 (I’m all in)

Summary

The video script discusses the importance of adapting to new trends for business success, emphasizing the dangers of constantly shifting strategies. It predicts that micro-SAAS will be a significant trend in 2024, offering a scalable and profitable business model accessible even to non-technical individuals. The speaker shares their strategy for capitalizing on this trend by establishing a no-code development agency, creating a sustainable income while simultaneously building their own micro-SAAS products. The script also highlights the potential of personal branding in the era of AI companions and the democratization of various business models.

Takeaways

• 😀 The speaker emphasizes that every year brings new trends that can be capitalized on for financial success, but warns against the dangers of relying on fleeting trends alone.
• 🚀 The potential for individuals to become self-made millionaires is highlighted, especially in the current digital age where traditional business overheads are significantly reduced.
• 💡 The importance of taking action and removing excuses is underscored as a crucial step to online business success.
• 🌐 The script discusses how the internet has democratized business opportunities, allowing individuals to compete with large corporations by leveraging platforms like Facebook for advertising and AliExpress for dropshipping.
• 📈 The concept of 'equalizers' in technology is introduced, referring to moments when new technologies lower barriers to entry, allowing more people to succeed in business.
• 🔮 Predictions for 2024 trends include AI companions, VR, crypto, and micro-SAAS, but the speaker suggests that micro-SAAS will be particularly significant due to its accessibility and potential for niche solutions.
• 🛠️ The speaker introduces the idea of 'micro-SAAS' as a business model that allows individuals to solve specific problems for niche markets without the need for extensive coding knowledge.
• 💼 The benefits of micro-SAAS are outlined, including high profit margins, scalability, and the ability to create a lifestyle business with location and time freedom.
• 🎯 The script suggests that focusing on a niche market within the software industry can provide a competitive edge, as traditional software companies may overlook these smaller opportunities.
• 📚 The speaker shares personal experiences and learnings from building SAAS businesses, offering insights into the process and the potential pitfalls to avoid.
• 🔑 The final takeaway is an invitation to join the speaker's academy to learn how to build micro-SAAS businesses, emphasizing the support and resources available to help individuals succeed in this field.

Q & A

What is the main message of the video about trends and business strategies?

The main message is that while trends can be profitable, relying on hopping from one to another isn't a sustainable strategy. Instead, the speaker suggests focusing on creating a business that can adapt to trends without needing to change its core operations.

What does the speaker claim about the potential of online businesses and the role of excuses?

The speaker argues that online businesses have the potential to make anyone wealthy, and that excuses for not succeeding are unfounded, as all that's needed is an internet connection and a laptop.

Why did traditional business models require significant upfront investment and risk?

Traditional models required large sums of money for advertising, production, and inventory before any revenue could be generated, which made it difficult for individuals without substantial capital to start a business.

What is the significance of 'equalizers' in the context of the speaker's discussion about business trends?

Equalizers refer to moments when new technology lowers the barriers to entry, allowing not just large corporations but also average individuals to become successful in business.

What is the speaker's view on the current state of the internet and business opportunities?

The speaker believes that the internet has democratized most business models, and that there may be few opportunities left for new entrants to make significant profits online.

What is the speaker's prediction for the next big trend in 2024?

The speaker predicts that the next big trend in 2024 will be micro-SaaS (Software as a Service), focusing on hyper-specific software for niche needs.

What is the appeal of micro-SaaS according to the speaker?

Micro-SaaS is appealing because it allows individuals to solve specific problems for niche markets without the need for extensive coding knowledge, making it accessible for non-technical people to enter the software industry.

How does the speaker propose to capitalize on the trend of micro-SaaS?

The speaker plans to capitalize on the micro-SaaS trend by offering a no-code development agency that builds software for clients, while also developing their own micro-SaaS products.

What is the speaker's advice for those interested in starting a micro-SaaS business?

The speaker advises learning how to use no-code tools, doing some small marketing, and solving a small problem in a niche market to start earning a comfortable income from anywhere in the world.

What is the potential downside of trying to compete with established tech giants according to the speaker?

The downside is that trying to outcompete established tech giants in their own domain is likely to be futile due to their extensive resources, employee base, and market presence.

How does the speaker define 'productized agency' and its role in capitalizing on trends?

A productized agency is a business model where services are packaged into a fixed offering with a set monthly fee. It allows the agency to generate cash flow by building software for clients and can pivot its messaging based on current market trends.