Step by step how I'd make $10k per month ASAP if starting again

Summary

In this video, Sam provides a step-by-step guide on how to start a business from scratch and quickly reach $10,000 per month. He explains the importance of creating an easy 'yes' offer to attract clients without using large ad spends or complex guarantees. Sam emphasizes leveraging cold calling, delivering exceptional service, and building efficient systems to scale. He also discusses strategies for converting prospects into clients and using affordable, performance-based offers to grow your business. This approach is geared toward those looking for practical, real-world solutions to launch and grow their business.

Takeaways

• 🚀 Start from scratch: The video is geared toward people who are starting a business from zero or struggling to get their business off the ground.
• 💼 Focus on small wins: The first goal is to generate $10,000 per month in revenue, as it provides a good profit margin to start scaling the business.
• ❌ Avoid expensive ads: In the early stages, it's recommended not to run ads, offer crazy guarantees, or charge clients large sums without the necessary experience.
• ✅ Easy 'Yes' Offer: Create an irresistible offer that is easy for potential clients to say yes to, with minimal risk and no ROI guarantees.
• 📞 Cold calling: The video emphasizes leveraging cold calling as an effective method to secure your first three to five clients.
• 🛠 Deliver value: Focus on delivering exceptional service to the initial clients to build case studies and gain valuable experience.
• 📊 Systematize: Build systems for onboarding and delivering services, ensuring that the process can be replicated and scaled.
• 🔄 Funnel: Use a simple sales funnel (either through cold outreach or ads) to convert prospects into clients. Keep the process streamlined to generate leads and close deals.
• 💡 Niche-targeting: Choose a niche that can be easily targeted with ads or outreach, and adjust your strategy accordingly for growth.
• 📈 Offer progression: Start with pay-per-call or low-cost trials, and as you build case studies, transition clients to retainers for consistent revenue.

Q & A

What is the main focus of Sam's video?

The main focus of Sam's video is to provide a straightforward guide for beginners or struggling business owners to achieve a monthly income of $10,000 without relying on large investments or extensive advertising.

Why does Sam suggest not running ads or offering crazy guarantees when starting a business?

Sam suggests not running ads or offering crazy guarantees at the start because new businesses lack the experience and credibility that established businesses have. It's important to gain practical experience and build trust with clients before making bold promises.

What is the significance of the 'easy offer' Sam mentions?

The 'easy offer' is a low-risk, attractive proposition for potential clients that requires minimal guarantees. It's designed to be so compelling that clients find it easy to say 'yes' to, facilitating the acquisition of the first few clients.

How does Sam recommend acquiring the first few clients?

Sam recommends acquiring the first few clients through cold calling, which he suggests is an effective method once you have an 'easy offer' in place. He also provides guidance on how to make the offer so good that it's hard for prospects to refuse.

What is the purpose of leveraging case studies after acquiring the first clients?

Leveraging case studies is about showcasing the exceptional service provided to initial clients. This helps build a portfolio of success stories that can be used to attract more clients and demonstrate the value of your services.

Why is it important to build systems around your service according to Sam?

Building systems around your service is crucial for scalability. It involves documenting each step of the process to simplify client onboarding and service delivery, making it easier to replicate for multiple clients and eventually hire contractors to help fulfill the service.

What are the two main acquisition strategies Sam suggests for early stages?

The two main acquisition strategies Sam suggests for early stages are cold calling and paid outreach. Cold calling involves direct phone calls to prospects, while paid outreach can include email, social media, or paid ads.

How does Sam define an 'easy yes' offer?

An 'easy yes' offer is one that is straightforward, low-risk, and highly attractive to clients. It should not require a large ad budget, extensive sales calls, or high sales skills to convert prospects. It's designed to be so compelling that it's easy for clients to agree to.

What are some examples of 'easy offers' that Sam provides?

Examples of 'easy offers' provided by Sam include: 1) Providing pre-qualified inbound calls on a pay-per-call basis with the first five calls free. 2) Offering 20 qualified leads in the first 30 days for a fixed low price. 3) Generating and booking in-person consultations on a pay-per-show basis.

Why does Sam recommend taking a deposit when offering performance-based services?

Sam recommends taking a deposit for performance-based services to secure a micro-commitment from the client and to have their payment method on file. This facilitates setting up automatic payments at the end of each month, ensuring a reliable revenue stream.