Here's a Foolproof Business Idea for 2024 (Automation Consulting)

Summary

The video script outlines a strategy for starting an automation consulting business aimed at non-tech traditional businesses, like local landscaping or appliance repair services. The presenter suggests learning tools like Zapier for automation, crafting irresistible service offers, and guaranteeing time savings. The business model involves an upfront setup fee with a maintenance contract, scaling up by targeting larger businesses or offering consulting services. The ultimate goal is to expand into operational efficiency consulting and potentially creating an online course to reach a global market.

Takeaways

• 🌐 The speaker proposes a business model centered around automation consulting for non-tech traditional businesses, such as local landscaping or appliance repair services.
• 🔗 The script highlights the potential to automate manual processes using tools like Zapier or Integromat, which can save business owners significant time and effort.
• 📈 The speaker's tweet thread on this topic went semi-viral, indicating a broad interest in the subject among entrepreneurs and business owners.
• 📝 A guarantee is offered to clients: if the service does not save them more than five hours a week, there's no charge, emphasizing a risk-free proposition.
• 🛠️ The speaker suggests learning how to use automation tools like Zapier through tutorials and experimentation, which is crucial for providing the service.
• 📚 Reading '100 Million Offers' by Alex Hormozi is recommended to craft an irresistible service offer that resonates with potential clients.
• 💼 The pitch involves offering a free audit to potential clients, showcasing the time-saving potential and then proposing the paid service.
• 💵 The business model includes charging an upfront setup fee and a monthly maintenance fee, with the fees structured based on the value provided to the client.
• 📈 Scaling the business involves targeting larger businesses, offering different service tiers, and potentially teaching clients how to use automation tools themselves.
• 🚀 For ambitious growth, the speaker suggests upskilling in operational efficiency, expanding into multiple verticals, and eventually creating an online course to reach a global audience.

Q & A

What was the main topic of the tweet thread that went semi-viral?

The main topic of the tweet thread was about how to start a business from scratch and generate money quickly, specifically focusing on automation consulting for non-tech traditional business owners.

What are some examples of traditional businesses that could benefit from automation consulting?

Examples of traditional businesses that could benefit from automation consulting include local landscaping businesses and appliance repair businesses, which often have manual processes that can be automated with software tools.

What is the proposed guarantee for the automation consulting service?

The proposed guarantee is that if the automation consulting service does not save the business owner more than five hours a week, the client will receive a refund and will not need to pay any setup fees.

Which tools are recommended for learning automation consulting?

The tools recommended for learning automation consulting include Zapier and Integromat, which are no-code internet automation tools that can link different apps together.

What book is suggested for understanding how to craft an irresistible service offer?

The book suggested for understanding how to craft an irresistible service offer is '100 Million Offers' by Alex Hormozi.

How does the speaker propose to approach potential clients initially?

The speaker proposes to approach potential clients by learning how to use automation tools, developing a service offer, and then pitching businesses by making a list of potential clients in the local area and systematically working through it with cold emails and calls.

What is the suggested pricing model for the automation consulting service?

The suggested pricing model includes an upfront deposit (10-20% of the setup fee) and a monthly maintenance fee, with the specific amounts varying based on the value provided and the size of the business.

What is the importance of offering a maintenance contract in this business model?

The maintenance contract is important as it ensures a recurring revenue stream and covers the ongoing work needed to maintain and adjust the automations, such as fixing issues that arise due to API changes or other technical updates.

How does the speaker suggest scaling the business to higher revenue levels?

The speaker suggests scaling the business by offering a more expensive maintenance fee, targeting bigger businesses with higher margins, offering a 'done with you' consulting service for smaller businesses, upskilling in operational efficiency, and eventually launching an online course to teach others how to implement these strategies.

What is the potential long-term goal for the business according to the speaker?

The potential long-term goal for the business is to transition from automation consulting to operational efficiency consulting, targeting a wider range of clients including corporate companies, and launching an online course to reach a global audience.