Laziest Way To Make £20k A Month

Summary

This video outlines a lazy, passive income business model requiring minimal investment and effort. It promises high earnings, minimal work hours, and long-term viability without relying on social media or selling courses. The core idea is outsourcing work to countries with lower labor costs like Pakistan or Thailand, thereby saving businesses significant employee expenses. The speaker shares personal success, emphasizing the ease of setting up and maintaining the business. Key steps include hiring skilled workers abroad via job ads, using LinkedIn for client acquisition, and leveraging the cost savings to attract businesses.

Takeaways

• 😀This plan allows you to make money passively without significant upfront investment.
• 😀The business model doesn't require social media presence, selling courses, or showing your face.
• 😀Initial work commitment is minimal, with less than 5 hours a week required to get started.
• 😀Once established, you will only need to work up to 2 hours per week.
• 😀The business can generate substantial income, potentially over £10,000 per month.
• 😀The model focuses on solving problems for businesses, making it easier to charge high fees.
• 😀It involves hiring remote employees from countries like Pakistan, Thailand, or India at lower costs.
• 😀Employing overseas workers can save companies 50% or more on employee costs.
• 😀Using platforms like LinkedIn to document your journey can help attract clients.
• 😀You can start small with one employee and gradually expand by convincing companies to use your services.

Q & A

What are the key characteristics of the business model described in the script?

The business model is described as lazy and passive, requiring no initial investment, minimal ongoing work (less than 5 hours a week initially and no more than 2 hours a week long-term), and having the potential to generate significant income (over £10,000 monthly). It also doesn't require social media presence or course sales, and is sustainable for the long term.

Why does the script emphasize solving a problem as essential for a successful business?

Solving a problem is highlighted because it provides value to the end customer, making it easier to charge premium prices and establish a business model that can become passive and sustainable over time.

How does the business model utilize the concept of outsourcing to reduce costs?

The model suggests employing workers from countries like Pakistan or Thailand, where wages are significantly lower than in the UK. By paying these workers above their local market rates but below UK rates, businesses can save substantial amounts on labor costs while providing competitive salaries in those countries.

What is the process for finding and hiring employees in other countries according to the script?

The process involves placing job adverts on platforms like Indeed, specifying the desired country. This can quickly attract numerous candidates. The employer then selects the best candidates who can work remotely from their home country at a lower cost.

How does the script suggest maintaining minimal weekly work hours while running this business model?

Once the initial setup and client acquisition are complete, ongoing work involves minimal management such as checking in with clients and employees, which can be done in less than 5 hours a week. Automation and efficient processes also help in reducing the time commitment.

What role does LinkedIn play in the business strategy outlined in the script?

LinkedIn is suggested as a crucial platform for documenting the business journey, networking, and finding companies that are looking for roles similar to those offered by the outsourced employees. This helps in gaining traction and attracting clients.

How does the script propose ensuring high-quality work from remote employees?

The script mentions paying above-market rates in the employee's country to attract and retain skilled workers. It also suggests that workers from countries like Pakistan and Thailand often work harder compared to some employees in Western countries.

What kind of roles does the script suggest outsourcing, and why?

Roles such as customer service, sales, AI specialists, web developers, and editors are suggested for outsourcing. These roles can be performed remotely and are in high demand, providing opportunities for cost savings while maintaining quality.

What are the expected initial and ongoing costs associated with setting up this business model?

Initial costs include spending on job adverts (about £5 per day) and potentially a small amount of time each week for setup and initial management. Ongoing costs are minimal, primarily involving the salaries of outsourced employees, which are significantly lower than UK salaries.

How does the script suggest handling client acquisition for the business?

Client acquisition involves reaching out to companies via LinkedIn and email, offering them the cost-saving benefits of hiring remote employees. It suggests starting with one highly skilled worker and gradually expanding by demonstrating the quality and cost-effectiveness of the service.

What is the potential long-term benefit of using this business model according to the script?

The long-term benefit is the ability to generate substantial passive income with minimal ongoing effort. The business can continue to grow and sustain itself over time, providing a steady stream of income with very little active management.