How I Made $1.4M Starting From $0

Grayson Loupas
15 Oct 202405:05

Summary

TLDRAt 22, I made $1.4 million, starting from zero at 19 with a full-time job and a laptop. In this video, I walk you through three steps to replicate my success. First, learn the skills by working in a related field. Second, sell those skills, either through one-on-one coaching or offering services. Finally, productize your skills to scale your business. By transitioning from offering services to creating scalable programs, I grew my income to $100,000 a month. Follow these steps and start building your online business today!

Takeaways

  • 🚀 Start your journey by gaining hands-on experience in a relevant field.
  • 💼 A full-time job can provide valuable skills that make starting a business easier.
  • 📈 Learning by doing allows you to test strategies without risking your own money.
  • 💡 Selling your skills is essential for making money online.
  • 👥 You can sell your skills through one-on-one coaching or by offering services.
  • 💰 Building an agency can quickly generate significant income by leveraging your skills.
  • ⏳ Transitioning from one-on-one services to coaching can help scale your business.
  • 📚 Productizing your skills means creating programs that can be sold at scale.
  • 🔑 Effective teaching is crucial to ensuring your products or programs are valuable.
  • 🌟 Focus on refining your skills to create high-quality offerings that attract clients.

Q & A

  • What was the speaker's initial source of income when starting their online business?

    -The speaker initially earned income by getting a full-time job as a marketing director at a real estate firm, where they learned essential skills.

  • How did the speaker suggest acquiring skills for starting an online business?

    -The speaker recommended learning skills by working for someone else, either in a full-time job or as a freelancer, allowing for practical experience without the risk of personal investment.

  • What are the two main ways to sell your skills online according to the speaker?

    -The two main ways to sell skills online are through one-on-one coaching/consulting and by offering services related to the acquired skills.

  • Why is it important to productize your skills?

    -Productizing your skills allows for scalability, enabling you to serve more clients simultaneously without increasing your workload significantly.

  • What transition did the speaker make from offering services to coaching?

    -The speaker transitioned from providing services that required extensive time per client to one-on-one coaching, which allowed them to work with more clients for the same income.

  • How did the speaker's income change as they transitioned from service to coaching?

    -The speaker was able to grow their coaching business to $100,000 per month by effectively managing their time and increasing client volume.

  • What was the significance of the speaker’s first four clients?

    -The speaker's first four clients, each paying $2,500 per month, marked the beginning of their online business success, leading to their first $10,000 month.

  • What does the speaker mean by 'programiz' their skills?

    -To 'programiz' skills means to create a structured program or product based on their expertise that can be sold to clients, separating time spent from income earned.

  • What is one of the key benefits of learning by doing, as highlighted by the speaker?

    -Learning by doing allows individuals to experiment and refine their skills in a real-world setting, gaining valuable experience without the risk of financial loss.

  • What should be the focus when creating a product or program based on learned skills?

    -The focus should be on delivering high-quality content and teaching efficiently to ensure that the program meets client needs and is worth purchasing.

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