How To Make Your First $1,000 Online In Less Than 14 Days

Summary

In this video, Matt shares a step-by-step strategy for making $1,000 online within 14 days, focusing on a service-based business model. He advises against dropshipping and affiliate marketing for beginners due to their high initial costs and low profit margins. Instead, he recommends leveraging social media marketing (SMM) and sales skills to offer services with high perceived value. Matt emphasizes the importance of controlling variables, setting competitive prices based on value, and scalability. He outlines a process involving creating an offer, conducting cold outreach, refining offers through sales calls, and collecting payment promptly. The key takeaway is to stay consistent, do the necessary math to reverse engineer conversions, and provide substantial value to clients.

Takeaways

• 😀 Building an online business can be achieved through various models like E-commerce, Drop Shipping, and affiliate marketing, but each has its pros and cons.
• 💰 The speaker, Matt, emphasizes that making money online is about putting in time and effort, and not just finding a 'perfect way' to do things.
• 🛑 He advises against Drop Shipping for beginners due to the high upfront costs and the need for substantial ad spend to drive sales.
• 🔽 Affiliate marketing is passive but requires significant traffic to be profitable, making it less ideal for those looking to quickly make their first $1,000.
• 📈 Matt recommends Social Media Marketing (SMM) for beginners as it requires only sales skills initially and offers high-profit potential.
• 📊 A service-based business is the best for quick financial gains as it allows control over all variables, the ability to set prices based on value, and scalability.
• 🎯 Crafting an offer that resonates with potential clients involves maximizing dream outcomes and perceived likelihood of achievement while minimizing time delay and effort required.
• 📝 Testimonials and free trials are effective in building trust and attracting customers to new services.
• 🚀 Cold outreach is highlighted as a powerful strategy for making sales due to its direct contact with potential customers and cost-effectiveness.
• 💡 Sales calls should focus on understanding the customer's needs and tailoring the pitch to their specific interests and pain points.
• 📉 Collecting money on the call is crucial to ensure the sale is solidified and to avoid the pitfalls of relying on verbal agreements alone.
• 🔄 Consistency in outreach and sales efforts is key to achieving the goal of making $1,000 in under 14 days, emphasizing the importance of persistent action.

Q & A

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

The speaker aims to provide a step-by-step guide on how someone can make $1,000 online in less than 14 days, particularly for beginners with no prior online income.

What business model does the speaker initially discuss and why might it not be suitable for beginners?

The speaker initially discusses the Drop Shipping model. It might not be suitable for beginners because it requires a significant amount of upfront money for product purchasing and ad spend, which can be a barrier for those just starting out.

Why does the speaker consider affiliate marketing as less ideal for beginners trying to make money quickly?

The speaker considers affiliate marketing less ideal because it requires a large volume of traffic to be worthwhile, and the commissions are often low, especially for beginners without a significant following.

What alternative business model is suggested by the speaker for beginners to make money quickly?

The speaker suggests Social Media Marketing (SMMA) as an alternative business model for beginners, as it requires primarily sales skills and can be more profitable and faster to set up than other models.

What is the value equation mentioned by the speaker and how can it help in creating an offer?

The value equation is 'Dream outcome times perceived likelihood of achievement divided by time delay times effort and sacrifice equals value'. It helps in creating an offer by maximizing the desirable outcomes and perceived likelihood of achieving them while minimizing the time delay and effort required by the client.

Why does the speaker recommend using free trials to attract customers?

The speaker recommends free trials because they allow potential customers to experience the value of the service without upfront cost. This can lead to higher conversion rates as customers are more likely to stick around after experiencing the benefits.

What is the importance of cold outreach according to the speaker?

Cold outreach is important because it allows direct contact with potential customers without intermediaries. It's a numbers game where volume negates luck, and with consistent effort, one can achieve sales.

What are some key points to focus on during sales calls according to the speaker?

During sales calls, the speaker advises to barely talk and let the customer explain their needs, ask questions to refine the offer and targeting, and to have the customer explain why they need the service, which helps in closing the sale.

Why is it crucial to collect money on the call, as per the speaker's experience?

It is crucial to collect money on the call because a verbal confirmation does not guarantee a sale. The speaker emphasizes that without collecting money during the call, the deal might fall through, leading to a loss of expected revenue.

What final advice does the speaker give regarding reaching the $1,000 goal in less than 14 days?

The speaker advises to sell a high-ticket offer based on the value provided, do the math to reverse engineer conversions and goals, and stay consistent with the outreach and sales process to reach the goal.