How i'd make $10K a month asap if i had to start again from scratch

Summary

The video offers a step-by-step guide to building a successful online business. It emphasizes selecting the right platform, such as YouTube for long-term growth, Instagram for quality traffic, and TikTok for engagement. The process involves creating content to attract visitors, directing them to an explainer video, and booking a call to close sales. The speaker highlights that anyone can build a business by offering value, building relationships, and using the right strategies. With the right niche and offer, even those with 10,000 followers can scale to $20,000+ a month, as illustrated by simple business models like a cigar club.

Takeaways

• 😀 YouTube is the most effective platform for long-term traffic generation, as videos on it get views for life.
• 😀 Platforms like Instagram and TikTok have quality traffic, but YouTube should be the main focus for building a business.
• 😀 Using social media platforms to drive traffic to an explainer video is a proven way to get potential clients interested.
• 😀 The goal is to build relationships with potential clients through calls (preferably Zoom calls) and determine if you can genuinely help them.
• 😀 After the call, if the client feels you can help them, you can close the sale and bring them into your program.
• 😀 Having an audience of over 10,000 followers on any platform should ideally generate at least $20,000-$40,000 per month if you are doing things right.
• 😀 If you're not making significant money from your existing audience, the problem may lie in your niche, offer, or the traffic you're attracting.
• 😀 It's crucial to send your audience to an explainer video that clearly explains who you are, what you do, and how you can help.
• 😀 The process of making money involves three simple steps: get traffic, send them to an explainer video, and close the sale on a call.
• 😀 A real-life example of a cigar meetup business generating over $10,000 a month proves that niche businesses can be highly profitable.
• 😀 Thinking outside the box and leveraging your unique skills or passions can turn any interest into a profitable business opportunity.

Q & A

What is 'platform market fit' and why is it important?

'Platform market fit' refers to the idea that different platforms attract people for different reasons. Understanding this helps businesses target the right platform where their audience is most likely to engage with the content. For example, YouTube is best for long-form educational or entertainment content, while TikTok is more suited for short, viral content. Identifying the right platform is crucial for effectively reaching and engaging your target audience.

Why is YouTube considered the best platform for building a business?

YouTube is considered the best platform because videos on YouTube have long-term visibility. Unlike Facebook or Instagram posts, which get buried in a few days, YouTube videos continue to gain views over time. This compounding effect makes it an ideal platform for building a business and generating consistent traffic.

How can Instagram contribute to growing a business?

Instagram is a valuable platform for entrepreneurs and business owners, particularly for building brand visibility. It offers a visual approach to attract followers and connect with an engaged audience. By including a link in the bio that leads to an explainer video, businesses can direct traffic to a sales funnel and ultimately convert followers into customers.

What is the key process for converting traffic into paying clients?

The key process involves directing traffic to an explainer video, which showcases your expertise and how you can help potential clients. After watching the video, interested individuals are encouraged to book a call, typically via Zoom. The call helps assess if there’s a genuine fit between the client’s needs and your services, and if so, the sale is closed during the conversation.

Why is the explainer video so important in the process?

The explainer video is critical because it serves as the first step in conveying who you are, what you do, and how you can help potential clients. It allows you to provide value upfront and builds trust with the audience, increasing the likelihood that they will book a call with you.

What role does a phone call or Zoom session play in closing a sale?

A phone or Zoom call allows you to build a relationship with the potential client and ensure that you can genuinely help them. During this call, you assess whether the client is a good fit for your program and whether your services can meet their needs. If the match is right, the sale is closed, and the client is onboarded.

What can businesses do if they already have an audience but are not making enough money?

If a business already has an audience but isn't making significant money, the issue could lie in the niche, the offer, or the pricing. Additionally, improper messaging, ineffective traffic generation, or failure to direct traffic to an explainer video could be reasons for the lack of conversion. Businesses should ensure they are providing value, targeting the right audience, and using the correct sales funnel techniques.

What is the significance of offering value in exchange for money?

Offering value in exchange for money is the foundation of any successful business. When you provide valuable solutions to your clients' problems, they are willing to pay for the service. This principle ensures that both you and the client benefit from the transaction, which is the basis of building a sustainable business.

How can someone with a niche hobby or interest turn it into a profitable business?

Even niche hobbies or interests can be turned into profitable businesses by offering a membership or service related to the hobby. The example of the cigar meetup organizer illustrates this perfectly, where the organizer made over $10,000 a month just by hosting cigar meetups for a community of enthusiasts. The key is to find a group of people who share the same interest and are willing to pay for the value you provide.

What mindset shift is needed to succeed in building an online business?

The key mindset shift needed is to recognize that almost anyone can make money from their skills or interests. By applying the right marketing strategies, offering value, and directing traffic effectively, you can turn virtually any passion or expertise into a profitable business. The example of the cigar meetup organizer emphasizes that if he can succeed by sharing a simple interest, anyone can too.