I Found the Fastest Way to Make $900+/day Online (Using a Laptop)

Summary

The video script outlines a strategy for creating a lucrative online business by establishing paid communities. It suggests that traditional Facebook groups are becoming less effective due to algorithm changes, and proposes building communities on a platform called 'school' instead of social media. The speaker shares personal experience from running a social media marketing agency, pivoting to help business owners monetize their knowledge through tiered community memberships and high-value coaching programs. The key to success is offering a compelling, low-risk proposition to potential clients, leveraging the power of reoccurring revenue and high-ticket sales to build a sustainable business.

Takeaways

• 💡 The script introduces a method to make money online by creating and monetizing online communities.
• 🚀 The speaker has personally tested and made money with this business model, collecting $5,400 for it.
• 📉 The speaker mentions that traditional Facebook groups are becoming less effective due to algorithm changes.
• 💼 The concept involves charging a monthly fee for membership in a specialized community, similar to subscription services like Spotify.
• 🏢 The platform 'school' is highlighted as a place to build these paid communities, instead of Facebook or Discord.
• 🤝 The importance of human beings being part of a tribe or community from ancient times to the present is emphasized.
• 💰 Examples are given where communities with memberships can generate significant monthly revenue.
• 🛠️ The speaker used to run a social media marketing agency but pivoted to helping business owners create their own communities.
• 🔑 A three-step ladder strategy is introduced, starting with a $97 per month community, escalating to a $297 per month community, and finally high-ticket coaching programs.
• 💼 The script suggests targeting wealthy business owners who can afford to pay for services that help them create recurring revenue streams.
• 🎨 The idea is to help business owners '10x' their income by leveraging their existing knowledge and skills in a new way.
• 📈 The speaker shares personal experience and strategies for helping clients build successful coaching programs and communities.
• 📊 A money-back guarantee is used as a risk-removing strategy to make the offer more enticing to potential clients.
• 📧 Cold DMs and cold emails are suggested as effective methods for reaching out to potential clients with the offer.

Q & A

What is the main proposition of the speaker in the video?

The speaker proposes an online business model where one can create and monetize a community, similar to a Facebook group but on a different platform, and charge members a monthly fee.

Why are Facebook groups mentioned as 'slowly dying down' in the video?

The speaker suggests that Facebook groups are declining due to algorithm changes made by Mark Zuckerberg's team, which may affect their visibility and engagement.

What platform is recommended by the speaker for building a paid community?

The speaker recommends using a platform called 'school' for building a paid community, instead of traditional platforms like Facebook or Discord.

What is the significance of recurring revenue in the business model discussed?

Recurring revenue is crucial because it provides a steady income stream, similar to a subscription service like Spotify, making the business sustainable and less reliant on one-time sales.

How does the speaker suggest approaching business owners with this business model?

The speaker advises approaching wealthy and successful business owners who already have a proven track record in their field and suggesting they start teaching others how to achieve similar success.

What is the 'three-step ladder' strategy mentioned in the video?

The 'three-step ladder' strategy involves creating a tiered system of paid communities with increasing price points: a $97 per month community, a $297 per month community, and a high-end $10,000 coaching program.

Why is it beneficial to start with the high-end coaching program in the 'three-step ladder' strategy?

Starting with the high-end coaching program allows the client to begin making money quickly, while simultaneously building the lower-tier paid communities to ensure a steady revenue stream.

What is the speaker's background in relation to the business model discussed?

The speaker used to run a social media marketing agency in the real estate niche but pivoted to become a community expert, helping business owners monetize their knowledge.

How does the speaker suggest structuring a coaching program?

The speaker suggests structuring a coaching program with multiple modules and providing video ideas for each module to guide the学员s through the learning process.

What is the importance of a 'no-brainer offer' in attracting clients?

A 'no-brainer offer' is so compelling that it's hard for potential clients to refuse, increasing the likelihood of them purchasing the service and becoming a long-term customer.

How does the speaker use guarantees to enhance the appeal of their service?

The speaker offers a money-back guarantee that if the client does not make back their initial investment, they will receive a full refund, removing the risk for the client and making the offer more attractive.

What pricing strategy does the speaker recommend for a new service provider?

For new service providers, the speaker recommends starting with a lower upfront price, such as $3,000, to attract more clients, with the understanding that the price may need to be increased as the service becomes more established.

How can cold DMs and cold emails be effective in securing clients for this business model?

Cold DMs and cold emails can be effective by presenting the compelling 'no-brainer offer' to potential clients, which can pique their interest and lead to a response or engagement.