$30,000 / month business idea with zero startup costs

Summary

In this video, Cody Schneider outlines a step-by-step guide to starting a lucrative business with zero initial investment. The business model begins with creating YouTube tutorial videos on email marketing, which can lead to consulting opportunities. As the business grows, transitioning into an agency model can significantly boost income. Schneider also suggests developing software tools to streamline workflows, which can be sold externally. The video promises to teach viewers how to start this business with just a laptop and the provided list of keywords.

Takeaways

• 💻 Start with zero investment: All you need to get going is a laptop and internet connection.
• 🎥 Begin by creating tutorial-style YouTube videos on email marketing tools, focusing on keywords related to how-to guides.
• 📈 Build trust and an audience: Post YouTube videos regularly to gain subscribers, rank on Google, and attract inbound traffic.
• 💰 Multiple revenue streams: Monetize YouTube videos, create an email newsletter, and secure affiliate sponsorships.
• 👨‍💼 Transition to consulting: Offer email marketing services to clients, charging around $2,000 per month for five clients, earning $10K per month.
• 🏢 Scale to an agency: Hire a team to manage the work, allowing you to expand client capacity and increase monthly revenue.
• 💡 Optimize workflows: Develop software internally to streamline repetitive tasks in your agency, such as designing emails.
• 🚀 Turn internal tools into external products: The software you create can be spun off into its own company.
• 🌍 Leverage global talent: Use platforms like Talent Fiber to hire cost-effective talent from places like the Philippines.
• 🛠 Collaborate with agencies for software development: Hire companies like HTML Burger to quickly bring your ideas from concept to completion.

Q & A

What is the primary business model described in the script?

The primary business model described is starting with creating tutorial-style YouTube videos on email marketing, then progressing to consulting, building an agency, and potentially developing software tools for internal and external use.

What are the initial steps to start this business according to the script?

The initial steps include creating YouTube tutorial videos on how to use specific email marketing tools, ranking these videos on Google, and building an audience through inbound traffic.

How does the script suggest monetizing the YouTube channel?

The script suggests monetizing the YouTube channel through ads, selling ads on an email newsletter, and earning revenue from affiliate partnerships or sponsored videos.

What is the consulting phase in this business model?

The consulting phase involves offering unlimited email marketing services to clients for a monthly fee, which includes design, copywriting, and deliverability management, after gaining knowledge and trust from the tutorial videos.

How does the script propose scaling the business to an agency?

The script proposes scaling to an agency by hiring a team to assist with client management and production processes, allowing the business owner to sell other people's time and take a margin on top of that.

What is the potential revenue from the agency model as described?

The potential revenue from the agency model could reach $100,000 a month in top-line revenue, with a margin of about $80,000 a month, scaling up to approximately a million dollars a year.

Where does the script recommend finding talent for the agency?

The script recommends using Talentfiber.com for headhunting the best global talent, particularly because they have physical offices in Manila that attract premier talent.

What role does software development play in this business model?

Software development plays a role in optimizing workflows and increasing productivity within the agency. The script suggests creating tools that can be used internally and potentially spun out into separate companies.

How does the script advise building the initial software for the business?

The script advises using a company like HTML Burger to build the software from zero to one, due to the difficulty of finding individuals capable of building software completely from scratch.

What is the recommended approach for making incremental improvements to the software?

The recommended approach is to use a company like Talentfiber to find global talent, specifically full-stack software engineers, who can make incremental improvements to the software.