I helped her create a $37,500/mo business in 19 mins

Summary

In this video, the speaker discusses how to generate significant income through webinars by leveraging affiliate marketing. They emphasize the importance of conversion rates and affiliate involvement, illustrating how even a small group of participants can lead to substantial earnings. The speaker offers a business strategy that’s ideal for beginners, focusing on building a system with strong affiliate partnerships. Viewers are encouraged to explore further through free training linked in the description, highlighting an effective business model for newcomers.

Takeaways

• 😀 Shifting from service-based businesses to product-based businesses can significantly increase income and scalability.
• 😀 Jerielle can leverage her existing knowledge and podcast to create an online course about becoming a night nanny.
• 😀 By moving away from hourly work, Jerielle can scale her business and reach a wider audience while reducing time commitment.
• 😀 Creating a webinar or course that offers actionable insights will allow Jerielle to sell a high-value product (priced between $1,500-$3,000).
• 😀 Joint ventures and affiliate marketing are powerful tools to expand reach and increase sales by partnering with influencers and related businesses.
• 😀 A successful conversion rate of 10% on a live webinar could result in substantial income, even with a small audience.
• 😀 The key to successful affiliate marketing is ensuring strong conversion rates, with the goal of growing that rate over time.
• 😀 Jerielle can use her podcast to promote the course, offering value-driven content that naturally guides listeners to her course or webinar.
• 😀 Using a strong, memorable domain (like nightnanny.com) can help with branding and make it easier for potential clients to find Jerielle’s offerings.
• 😀 The business model is scalable; with automated webinars, Jerielle can continue selling courses with minimal ongoing effort.

Q & A

What was the main concern of the person in the video regarding their current business model?

The person was concerned about their ability to scale their current business, which was offering night nanny services. Their income was limited by the number of hours they could work, making it difficult to earn more than $6,400 per month.

What alternative business model was suggested to the person in the video?

The speaker suggested transitioning to a business model centered around online courses and webinars, where the person could teach others to become night nannies, thereby creating a more scalable and higher-earning business.

How does the suggested business model of creating a course offer scalability?

Creating a course allows for the sale of knowledge to many people at once, rather than offering one-on-one services. This model is scalable because the course can be sold to an unlimited number of people without additional effort per sale.

What role do webinars play in the proposed business model?

Webinars are a key component of the proposed business model as they serve as a platform for selling the course or service. The speaker emphasizes the importance of high-conversion webinars, which can lead to significant earnings from a relatively small audience.

What was the potential income calculation mentioned for a 10% conversion rate on a webinar?

If 100 people attend a webinar and the conversion rate is 10%, this would result in 10 sales. At $1,500 per sale, the income from the webinar would be $15,000 for just an hour's work.

Why does the speaker suggest aiming for a conversion rate higher than 10%?

The speaker recommends aiming for a conversion rate higher than 10% because affiliates and marketers will prefer to promote a product with a strong conversion rate. A higher conversion rate leads to more successful sales and a higher overall income.

What would be the financial outcome of a 30% conversion rate from 300 people in a webinar?

With 300 people attending a webinar and a 30% conversion rate, this would result in 90 sales. At $1,500 per sale, the total income would be $135,000 for a single webinar.

What was the speaker’s reaction when the person expressed surprise about the potential earnings from this business model?

The speaker acknowledged their own surprise as well, stating that they did not expect such high earnings when they first started but found that the webinar model made the most sense for scalability.

What additional resource was offered to help the person get started with the new business model?

The speaker offered a free training link in the video description, which would provide more insights into the best and easiest business model for beginners, specifically related to creating and selling online courses.

Why does the speaker advise against offering one-on-one coaching and recommend creating a course instead?

The speaker advises against one-on-one coaching because it is time-intensive and not scalable. Instead, creating a course allows for a larger audience to be reached without requiring additional time per person, thus making the business more scalable.