How I’d Make 10K a Month If I Had To Start Again

Summary

This video script reveals a lucrative method used by 85% of young millionaires for generating over $10K per month: selling info products. It suggests choosing a niche with high demand and minimal competition, collaborating with experts if necessary, and leveraging digital platforms for global reach. The speaker emphasizes building a community to boost conversion rates, using strategies like personal branding and email lists. The script also covers the importance of upselling with a 'value ladder' and the benefits of creating a membership model for recurring revenue. Finally, it touches on the freedom of info products, allowing for location independence and the potential for automation and outsourcing.

Takeaways

• 💰 **Making Money with Info Products**: You can potentially earn at least $10,000 a month by selling information products, which are favored by many young millionaires.
• 🌐 **Global Reach**: Unlike traditional businesses, info products have no location limitations and can cater to a global market.
• 🔍 **Choosing the Right Niche**: It's crucial to select a niche with sufficient demand and minimal competition for successful info product sales.
• 💡 **Innovative Ideas**: Think creatively within a niche, like Anthony Metivier did with the Magnetic Memory Method, to capture a diverse audience.
• 🤝 **Collaboration with Experts**: Pairing with an expert in your chosen field can help overcome the lack of trust that comes with not being an expert yourself.
• 📈 **Profit Potential**: By selling info products at a high price point and splitting profits with a partner, you can achieve significant earnings.
• 🔑 **Community Building**: Creating a community around your info product can increase conversion rates and customer loyalty.
• 👥 **Personal Branding**: Establishing a personal brand on platforms like TikTok can effectively reach a mass audience and foster a personal connection.
• 📊 **Value Ladder**: Implementing a value ladder strategy can upsell customers from entry-level products to higher-priced offerings.
• 🏦 **Investing Wisely**: Investing a portion of your earnings into the stock market can help grow your wealth sustainably.
• 🔄 **Recurring Revenue**: Selling to the same customer multiple times, like through memberships, increases customer lifetime value and ensures recurring revenue.
• 🌴 **Location Freedom**: Info products offer the flexibility to work from anywhere, allowing for a liberated lifestyle.

Q & A

What is the potential monthly income from selling info products according to the video?

The video suggests that it is possible to make at least $10,000 a month, with examples given of individuals making over $20,000 a month selling info products.

What is an example of an info product mentioned in the video?

An example given in the video is an info product teaching people how to look after chickens at home, which the part-time farmer is selling for $1000 each.

How does the video suggest one can overcome the challenge of not being an expert in a chosen field for creating an info product?

The video suggests partnering with an expert in the field. This could be someone with experience in tutoring, running a club, or having a sport qualification, allowing you to work behind the scenes while the expert provides the content.

What is the importance of building a community around your info product according to the video?

Building a community around your info product is important because it can increase conversion rates. The video suggests that a community can make potential customers feel like they are part of something bigger, which can boost conversion rates from 2% to 5%.

How does the video explain the concept of a 'value ladder' in relation to info products?

The 'value ladder' is a strategy used to upsell customers. It starts with a bait offer to attract customers and then encourages them to move up the ladder through various offers, increasing the value of each sale.

What is the significance of the lifetime value of a customer in the context of selling info products?

The lifetime value of a customer is an estimate of the total revenue a customer will generate during their relationship with a business. It is significant because it helps in forecasting future growth and determining how much to spend on acquiring new customers.

How does the video suggest one can achieve location freedom by selling info products?

The video suggests that selling info products can lead to location freedom because these products are not tied to a specific location. This allows the seller to work remotely and potentially automate certain aspects of their business, enabling them to live and work from anywhere in the world.

What is the role of personal branding in selling info products as per the video?

Personal branding plays a crucial role in selling info products as it helps in reaching a mass audience and making a personal connection. The video suggests using platforms like TikTok to build a personal brand and attract a community that can later be converted into paying customers.

How does the video recommend one should invest the money generated from selling info products?

The video recommends investing a portion of the money generated from selling info products into the stock market. It suggests using an investment app that offers a wide range of stocks and ETFs, fractional shares, automated investing, and zero commission investing.

What is the strategy of upselling as explained in the video?

Upselling is a strategy where businesses offer additional items or services to customers with the aim of maximizing the amount of money per order. The video uses McDonald's digital ordering screens as an example, where customers are encouraged to buy larger meals or additional items.

How does the video suggest one can increase the conversion rate of potential customers?

The video suggests that by building a community around the info product and making potential customers feel part of something bigger, the conversion rate can be increased. It gives an example of how a 2% conversion rate could be boosted to 5% by creating a community on platforms like Facebook or Discord.