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These are the user uploaded subtitles that are being translated: 1 00:00:00,000 --> 00:00:02,520 Welcome to Agency Accelerator Week. 2 00:00:02,520 --> 00:00:07,240 My goal here is to take you by the hand into a world that you didn't even know existed. 3 00:00:07,240 --> 00:00:11,800 A world which is going to reveal to you real life strategies and tactics that 20 something 4 00:00:11,800 --> 00:00:18,000 year olds use to get paid thousands of dollars every single month with their agency business. 5 00:00:18,000 --> 00:00:24,200 These tactics have been field tested for over 6 years by thousands of students. 6 00:00:24,200 --> 00:00:28,920 Regular people who went from working very regular jobs as waiters, cashiers, corporate 7 00:00:28,920 --> 00:00:32,880 jobs, studying in university, and some even in high school. 8 00:00:32,880 --> 00:00:36,639 And allowed them to achieve financial, location, and time freedoms. 9 00:00:36,639 --> 00:00:40,520 And will allow you too to go from wherever you are right now to wherever you want to 10 00:00:40,520 --> 00:00:43,560 be in life financially and lifestyle wise. 11 00:00:43,560 --> 00:00:46,279 Essentially fulfilling all of your greatest dreams. 12 00:00:46,279 --> 00:00:50,599 And this is what you're going to learn how to do step by step inside Agency Accelerator. 13 00:00:50,599 --> 00:00:52,680 And the idea for this event is very simple. 14 00:00:52,680 --> 00:00:56,459 Instead of trying to convince you that Agency Accelerator is the best program out there 15 00:00:56,580 --> 00:01:00,099 when it comes to starting a $10,000 a month online business from scratch. 16 00:01:00,099 --> 00:01:03,980 I'm going to give you the actual classes from Agency Accelerator so that way you can start 17 00:01:03,980 --> 00:01:05,540 taking action today. 18 00:01:05,540 --> 00:01:10,500 And by the end of these 7 masterclasses you can have your own agency business up and running 19 00:01:10,500 --> 00:01:13,820 ready to start paying you anywhere from $500 to $10,000 a month. 20 00:01:13,820 --> 00:01:17,980 And my promise to you is during this event I'm literally going to show you everything 21 00:01:17,980 --> 00:01:21,339 you need to start signing your very first clients. 22 00:01:21,339 --> 00:01:25,059 In today's episode you're going to get the 6 step action plan to start your agency from 23 00:01:25,059 --> 00:01:26,059 zero. 24 00:01:26,059 --> 00:01:30,900 In episode 2 on Wednesday I'm going to reveal why most people live in a vicious cycle of 25 00:01:30,900 --> 00:01:33,900 failures and how you can actually break free from this trap. 26 00:01:33,900 --> 00:01:37,940 On episode 3 on Friday I'm going to give you the map to get to $10,000 a month with your 27 00:01:37,940 --> 00:01:44,660 agency and exactly what you need to do in the first 100 days broken down week by week. 28 00:01:44,660 --> 00:01:49,059 Inside episode 4 on the next Monday I'm going to have the most important episode of them 29 00:01:49,059 --> 00:01:53,699 all where I'm going to personally give you the proven plan to sign your first client 30 00:01:53,699 --> 00:01:54,699 in 6 weeks. 31 00:01:54,820 --> 00:01:57,980 These are all of the core masterclasses taught by me. 32 00:01:57,980 --> 00:02:02,379 And then the last 4 days of the event are going to be all about your implementation 33 00:02:02,379 --> 00:02:06,419 with our guest instructors that teach inside of Agency Accelerator. 34 00:02:06,419 --> 00:02:10,399 The first one will be a masterclass on email outreach with Guillaume who is the founder 35 00:02:10,399 --> 00:02:14,940 of Lemlist which is a multi-hundred million dollar email outreach tool. 36 00:02:14,940 --> 00:02:20,020 Then we have Josh who owns an agency with over 350 active clients who's going to teach 37 00:02:20,020 --> 00:02:25,100 you how to put together an irresistible offer that clients can't say no to. 38 00:02:25,100 --> 00:02:29,179 And to close it all off my business partner Pierre is going to show you how to provide 39 00:02:29,179 --> 00:02:34,740 your client with a world class client experience so that way not only can you sign clients 40 00:02:34,740 --> 00:02:36,779 but you can keep them for as long as possible. 41 00:02:36,779 --> 00:02:41,380 Now all 3 of these implementation masterclasses go live from the 22nd to the 24th and if everything 42 00:02:41,380 --> 00:02:45,820 goes well you're going to be ready to sign your first client by the end of the event. 43 00:02:45,820 --> 00:02:49,740 Inside of today's class already I'm going to give you the 6 step action plan that you 44 00:02:49,740 --> 00:02:51,179 need to make that happen. 45 00:02:51,179 --> 00:02:55,320 This way we can get started with the most actionable content you could get. 46 00:02:55,320 --> 00:02:58,660 So make sure you stay tuned until the very end. 47 00:02:58,660 --> 00:03:09,339 And without further ado let's get into it. 48 00:03:09,339 --> 00:03:13,779 So ladies and gentlemen welcome to our very first I guess actual module inside of Agency 49 00:03:13,779 --> 00:03:14,779 Accelerator. 50 00:03:14,779 --> 00:03:18,339 The last one we basically went over the program foundations basically just got a lay of the 51 00:03:18,339 --> 00:03:19,339 land. 52 00:03:19,940 --> 00:03:22,539 So this module is very very important because in today's module I'm basically going to give 53 00:03:22,539 --> 00:03:26,860 you a high level of view I'm going to give you a 30 foot overview about this entire agency 54 00:03:26,860 --> 00:03:30,619 model and how to actually run it today in today's day and age. 55 00:03:30,619 --> 00:03:36,979 Not how to run it in 2018 or 2021 or 2023 how to actually succeed with it today. 56 00:03:36,979 --> 00:03:41,000 So that way you can know exactly what we're doing as an agency how we are using this new 57 00:03:41,000 --> 00:03:45,699 and improved agency model and also so you understand the components as to why this is 58 00:03:45,699 --> 00:03:48,860 the best business model to make 10k a month consistently. 59 00:03:49,380 --> 00:03:51,899 So by the end of this first module you're going to have a complete understanding of 60 00:03:51,899 --> 00:03:56,059 how an agency works what you need to do to sign your first client and then I'm going 61 00:03:56,059 --> 00:04:00,539 to give you the six step action plan to actually start making money with your own agency. 62 00:04:00,539 --> 00:04:03,059 So the first part is going to be a little bit conceptual because I need to give you 63 00:04:03,059 --> 00:04:07,139 the foundation that you need and then we're going to get to the more actionable stuff. 64 00:04:07,139 --> 00:04:09,660 With that being said let's get straight into it. 65 00:04:09,660 --> 00:04:12,820 So let me just tell you why the agency business is the best business. 66 00:04:12,820 --> 00:04:17,019 Now what you need to understand is that this is the superior business model to get you 67 00:04:17,019 --> 00:04:18,019 to $10,000 a month. 68 00:04:18,179 --> 00:04:22,779 It may not be the sexiest but it's the one that actually works and to be honest that's 69 00:04:22,779 --> 00:04:27,019 why you don't see as much online about it compared to dropshipping trading real estate 70 00:04:27,019 --> 00:04:30,820 affiliate marketing because I'm going to be entirely honest with you it actually requires 71 00:04:30,820 --> 00:04:34,820 you to do actual manual work and talk to real people and get paid. 72 00:04:34,820 --> 00:04:39,660 So it's harder to convince people to do it you know it's way easier to convince an uneducated 73 00:04:39,660 --> 00:04:44,700 unaware audience that they can make millions as a beginner by simply copying a proven Shopify 74 00:04:44,700 --> 00:04:48,140 store template and then you just create some simple Facebook ads to it and then you're 75 00:04:48,140 --> 00:04:52,339 magically printing money for every $1 you put in you get $5 back and you can do all 76 00:04:52,339 --> 00:04:56,700 of that without ever having to talk to anyone have any team members that you work with nothing 77 00:04:56,700 --> 00:04:59,540 it's just you're printing money on demand you're looking at the screenshots in your 78 00:04:59,540 --> 00:05:01,459 Lambo and chilling by the beach. 79 00:05:01,459 --> 00:05:04,619 People want to believe that's true because they want to find the hack they want to find 80 00:05:04,619 --> 00:05:09,700 the loophole that no one is talking about and the truth is there's no loophole. 81 00:05:09,700 --> 00:05:14,540 Every single business model out there will require you to put a lot of work into it. 82 00:05:14,540 --> 00:05:17,859 Listen I hate to break it to you but you're not going to make millions of dollars as a 83 00:05:17,859 --> 00:05:21,820 beginner with any business model and when I say millions I mean you personally because 84 00:05:21,820 --> 00:05:25,220 what the business makes and what you make are two very different things for most businesses 85 00:05:25,220 --> 00:05:28,260 that is so you're not just going to start a business and become a multi-millionaire 86 00:05:28,260 --> 00:05:29,260 straight off the bat. 87 00:05:29,260 --> 00:05:32,220 It's just with some business models people can hide the fact that there's a fuck ton 88 00:05:32,220 --> 00:05:35,299 of work associated to it and that there's a whole host of issues that they can hide 89 00:05:35,299 --> 00:05:40,299 behind a wall of proven Shopify templates the AI automations that do everything for 90 00:05:40,299 --> 00:05:45,700 you the wildly profitable Facebook ads the new AI robot trading strategy so on and so 91 00:05:45,700 --> 00:05:49,820 forth and by the way don't get me wrong I'm not saying that these are bad business models 92 00:05:49,820 --> 00:05:54,619 and they don't work inside of digital launchpad which is my e-learning platform I have educators 93 00:05:54,619 --> 00:05:58,519 teaching 10 to 20 hour programs on all of these the difference is those are all great 94 00:05:58,519 --> 00:06:02,739 business models to make your first thousand dollars online but what if you don't want 95 00:06:02,739 --> 00:06:05,739 to just make a thousand dollars what if you want to make ten thousand dollars a month 96 00:06:05,739 --> 00:06:11,260 consistently month after month and do it with the lowest risk possible well if that 97 00:06:11,260 --> 00:06:15,859 interests you well then there's no better business model than an agency business because 98 00:06:15,859 --> 00:06:19,179 with drop shipping you might do very well at first to make a few thousand dollars in 99 00:06:19,179 --> 00:06:23,579 one month and same with trading you know you might get lucky or competent and make a few 100 00:06:23,579 --> 00:06:28,459 thousand dollars at first here is the big problem between all of them it doesn't matter 101 00:06:28,459 --> 00:06:32,980 how well you do in a month because next month you're gonna have to do it all over again 102 00:06:33,339 --> 00:06:36,660 starting from zero there's no guarantees that because you did well in one month you're gonna 103 00:06:36,660 --> 00:06:40,100 do well in the month after if you want to make ten thousand dollars a month with e-commerce 104 00:06:40,100 --> 00:06:44,299 for example every single month well then you're gonna have to sell 200 to 500 units of your 105 00:06:44,299 --> 00:06:48,579 product and you're always gonna have to start the month at zero which is extremely hard 106 00:06:48,579 --> 00:06:52,260 to do and by the way that's why you see so many of these online millionaires they come 107 00:06:52,260 --> 00:06:56,720 and they go they might hit the jackpot once that's the easy part the hard part is hitting 108 00:06:56,760 --> 00:07:03,760 the jackpot every single month consistently month after month year after year and that 109 00:07:03,760 --> 00:07:09,160 is why an agency model is the best for you to make ten thousand dollars a month consistently 110 00:07:09,160 --> 00:07:14,519 because majority of our deals are something called client retainers meaning once you sign 111 00:07:14,519 --> 00:07:20,239 a client they don't just pay you once they pay you recurringly month after month after 112 00:07:20,239 --> 00:07:25,559 month so that every single new sale you make every single new client you sign it just stacks 113 00:07:25,559 --> 00:07:29,720 on top of each other if you sign a client for a thousand dollars today well the next 114 00:07:29,720 --> 00:07:33,920 month you start at a thousand dollars even if you make no sales now if you do sign another 115 00:07:33,920 --> 00:07:37,640 client for two thousand dollars well then now you're at three thousand dollars a month 116 00:07:37,640 --> 00:07:42,359 in recurring revenue meaning the month after that you're already starting at three thousand 117 00:07:42,359 --> 00:07:46,799 dollars and that is how you keep building step by step until you get to ten thousand 118 00:07:46,799 --> 00:07:51,160 dollars a month and this is the concept you need to internalize and use as your North 119 00:07:51,160 --> 00:07:57,839 Star monthly recurring revenue it is the eighth wonder of the world because it's compounding 120 00:07:57,839 --> 00:08:03,359 and it gives you predictability and it gives you consistency and by the way that's exactly 121 00:08:03,359 --> 00:08:07,640 what investors look at when they're acquiring big software or service companies what is 122 00:08:07,640 --> 00:08:11,079 their monthly recurring revenue because the bigger the monthly recurring revenue a business 123 00:08:11,079 --> 00:08:16,200 has the safer that business is the more predictable it is and the more valuable it is and that's 124 00:08:16,200 --> 00:08:21,279 why the agency model is the best business to make ten thousand dollars a month not once 125 00:08:21,279 --> 00:08:26,399 but consistently month after month because it optimizes for the best metric that a business 126 00:08:26,399 --> 00:08:30,519 could have which is MRR monthly recurring revenue now obviously there's caveats with 127 00:08:30,519 --> 00:08:34,799 that too you know you can also lose monthly recurring revenue if clients are not satisfied 128 00:08:34,799 --> 00:08:39,679 and leave you and that's exactly why we have step by step strategies on how to deliver 129 00:08:39,679 --> 00:08:45,280 services for your clients or get them delivered for you not 2019 strategies not 2020 strategies 130 00:08:45,280 --> 00:08:49,479 the cutting edge stuff and we're adding things to the program every few months so losing 131 00:08:49,479 --> 00:08:53,039 a client because you didn't deliver the service as well is something that you will never ever 132 00:08:53,039 --> 00:08:57,320 have to worry about listen some clients end up leaving just because but you can't control 133 00:08:57,320 --> 00:09:01,659 that the point is what is in your control which is the quality of the services agency 134 00:09:01,659 --> 00:09:05,599 accelerator as well as the bonus programs I have literally brought the best experts 135 00:09:05,599 --> 00:09:09,960 in the world to teach you a whole host of services that you can offer and how to be 136 00:09:09,960 --> 00:09:14,960 the best of the best at them step by step over the shoulder as they show their screen 137 00:09:14,960 --> 00:09:19,239 in their computer so now let's talk about how the agency model works you see I ran an 138 00:09:19,239 --> 00:09:24,520 agency starting in 2016 and I ran that for over half a decade and then from 2019 I've 139 00:09:24,520 --> 00:09:29,520 personally coached alongside with my team countless agencies some starting at zero some 140 00:09:29,520 --> 00:09:33,239 starting at a hundred thousand dollars a month I've worked with agencies in all ranges I've 141 00:09:33,239 --> 00:09:36,960 seen it all and I've helped people at wherever they're starting out and throughout these 142 00:09:36,960 --> 00:09:41,119 years the agency model has evolved and it hasn't adapted a lot and looking back over 143 00:09:41,119 --> 00:09:44,640 this time I mean as I said I got involved in the agency space eight years ago and I've 144 00:09:44,640 --> 00:09:48,200 been still involved in it over the space of eight years and I really consider there to 145 00:09:48,200 --> 00:09:52,520 be three different stages that the agency model has been through and I think it's extremely 146 00:09:52,520 --> 00:09:56,400 important that you're aware of these stages so that way you understand why we operate 147 00:09:56,400 --> 00:10:01,919 the way we operate and why it is the ultimate business model today and most importantly 148 00:10:01,919 --> 00:10:06,320 you always want to be ahead of the curve and in order to do that you have to understand 149 00:10:06,320 --> 00:10:11,520 how things evolved and adapted in the first place now it all started with what I call 150 00:10:11,520 --> 00:10:17,039 1.0 agencies and really today majority of the agencies out there are still operating 151 00:10:17,039 --> 00:10:21,880 like these 1.0 agencies and to be honest that's why they struggle and more and more often 152 00:10:21,880 --> 00:10:26,799 big agencies they used to be around for decades are going out of business because they just 153 00:10:26,799 --> 00:10:32,159 got stuck in the old 1.0 agency model now the first characteristic of a 1.0 agency is 154 00:10:32,159 --> 00:10:36,599 that they have offices and a lot of staff now that's a big problem because an office 155 00:10:36,599 --> 00:10:41,479 one costs a lot of money that cuts into margin it also limits your talent pool to one specific 156 00:10:41,479 --> 00:10:46,599 location and with a lot of staff comes a lot of cost high payroll and thus a lot of risk 157 00:10:46,599 --> 00:10:50,880 remember we want to keep things as lean and as simple as possible so that is the exact 158 00:10:50,880 --> 00:10:54,320 opposite of the structure we want to have and the reason why they do all of that is 159 00:10:54,320 --> 00:11:00,479 because 1.0 agencies are revenue driven business models so they offer a lot of services to 160 00:11:00,479 --> 00:11:05,239 a lot of clients which requires a lot of staff in order to increase their revenue as 161 00:11:05,239 --> 00:11:09,599 much as possible and usually they call themselves full service agencies meaning they do a bit 162 00:11:09,599 --> 00:11:14,320 of everything for everyone and and the result of that well they can definitely attract more 163 00:11:14,320 --> 00:11:20,119 revenue but at a massive cost because think about it they need so much staff their payroll 164 00:11:20,119 --> 00:11:24,520 goes through the roof and at the end of the month their margin range is between 15 to 165 00:11:24,520 --> 00:11:29,940 10 percent and that is the profit margin of the average 1.0 agency out there meaning if 166 00:11:29,940 --> 00:11:35,820 you make $100,000 a month in revenue after all of your staff and fixed costs you end 167 00:11:35,820 --> 00:11:40,299 up with only $10,000 a month in revenue now listen I know that $10,000 a month is still 168 00:11:40,299 --> 00:11:44,419 a solid amount of money but considering the amount of risk you're dealing with here and 169 00:11:44,419 --> 00:11:49,099 the volume you're moving on a monthly basis you should personally have way more left over 170 00:11:49,099 --> 00:11:54,380 at the end of the month and this is not where you want to be then we have the agency 2.0 171 00:11:54,380 --> 00:11:58,659 model and this is the next evolution of the agency business and honestly looking back 172 00:11:58,659 --> 00:12:03,179 I think it all started with Tai Lopez back in 2016 when he started promoting his agency 173 00:12:03,179 --> 00:12:07,900 program now if you've ever heard of the term SMMA this is the type of agencies that we're 174 00:12:07,900 --> 00:12:13,059 dealing with here basically the social media marketing agencies and the idea here was great 175 00:12:13,059 --> 00:12:17,299 instead of having a lot of clients let's just focus on the ones that pay the best and instead 176 00:12:17,299 --> 00:12:21,539 of getting a bunch of staff to fulfill them for you let's focus on services that are simple 177 00:12:21,539 --> 00:12:25,880 enough for you to fulfill yourself so that you don't need to have any staff to get started 178 00:12:25,880 --> 00:12:29,559 it was a very do-it-yourself approach and that was what allowed a lot of people in their 179 00:12:29,559 --> 00:12:35,359 20s to start making full-time incomes online $1,000 $2,000 $5,000 a month online and it 180 00:12:35,359 --> 00:12:39,280 was in that era that I got started with my content production agency and the idea here 181 00:12:39,280 --> 00:12:43,820 was that instead of trying to work with everyone only focusing on businesses that sell services 182 00:12:43,820 --> 00:12:48,840 for $1,000 $2,000 $5,000 a pop so that you only need to generate them a handful of new 183 00:12:48,840 --> 00:12:54,200 clients a month to justify the fee that you were charging them think dentists real estate 184 00:12:54,200 --> 00:12:58,599 agents chiropractors car dealerships mostly local businesses that you can find in your city 185 00:12:58,599 --> 00:13:03,799 and then you provide them with what I call a convenience offer now a convenience offer 186 00:13:03,799 --> 00:13:08,280 is an offer that saves the business time by them not having to do that themselves and 187 00:13:08,280 --> 00:13:13,159 still impacts their bottom line by bringing new customers think about video editing creating 188 00:13:13,159 --> 00:13:18,440 content for social media social media management etc and when I first started with my agency I did 189 00:13:18,440 --> 00:13:23,239 all that and again with the agency 2.0 model I managed to make very very good money honestly 190 00:13:23,239 --> 00:13:28,919 the only problem I had was that with that model 80% of my time was spent on service delivery so 191 00:13:28,919 --> 00:13:33,400 very annoyingly you never have time to work on getting new clients to grow your business 192 00:13:33,400 --> 00:13:39,559 you're stuck working in the business instead of on the business and the thing is very quickly 193 00:13:39,559 --> 00:13:43,719 you hit a ceiling with this one I personally noticed that around five to seven thousand 194 00:13:43,719 --> 00:13:47,320 dollars a month that was the area for most people where they got stuck and the reason for that is 195 00:13:47,320 --> 00:13:52,280 that you simply wouldn't have capacity left to fulfill more work past a handful of clients and 196 00:13:52,280 --> 00:13:56,760 in order to scale that you need to hire people to do the work for you and then it was very easy 197 00:13:56,760 --> 00:14:02,039 to run into the same problems as with the 1.0 agencies which is very low profit margins and 198 00:14:02,039 --> 00:14:08,440 very complex client fulfillment so the 2.0 agency model fixed a few of the problems of the 1.0 model 199 00:14:08,440 --> 00:14:12,440 especially by making the barrier of entry to businesses extremely low but it still had some 200 00:14:12,440 --> 00:14:17,880 issues that didn't allow you to turn this into a real scalable business and that is how we finally 201 00:14:17,880 --> 00:14:23,559 get into the ultimate agency model which is the agency 3.0 model now the idea with this model is 202 00:14:23,559 --> 00:14:29,799 to keep things as lean as possible and as simple as possible because when your operations are lean 203 00:14:29,799 --> 00:14:35,719 and simple they can scale and this model fixes the two big problems the previous models had 204 00:14:35,719 --> 00:14:40,280 you see for the 2.0 model you were essentially a self-employed freelancer you didn't have a 205 00:14:40,280 --> 00:14:44,760 real business it was a one-man show and really not that much different than having a self-employed 206 00:14:44,760 --> 00:14:49,479 job to have a real business you need a team and if you're doing it all alone you don't have a 207 00:14:49,479 --> 00:14:54,760 business now the problem with the 1.0 model was that by having a team that would mean running at 208 00:14:54,760 --> 00:15:00,840 15 margins in order to afford them and with the creation of the 3.0 agency model we managed to 209 00:15:00,840 --> 00:15:05,320 have a real business with a team that takes care of all the service delivery for you so that way 210 00:15:05,320 --> 00:15:11,080 you can focus on growing your agency instead of working on it all while maintaining 70 to 80 211 00:15:11,479 --> 00:15:15,799 margins and yes it's possible and i'm going to explain in just a second now first of all with 212 00:15:15,799 --> 00:15:22,119 the agency 3.0 model we focus on picking a single service at a single niche and being as good as 213 00:15:22,119 --> 00:15:26,599 possible with it now with the past models there was a lot of focus on offering different services 214 00:15:26,599 --> 00:15:32,440 to maximize your revenue per client but as we know that comes at a cost which is complexity 215 00:15:32,440 --> 00:15:37,640 and having to hire a bunch of people to fulfill all these different services now with the 3.0 216 00:15:37,640 --> 00:15:42,919 agency model we don't provide any additional services why because we don't care about 217 00:15:42,919 --> 00:15:48,359 maximizing our revenue per client the only thing we care about here is profit i don't want to make 218 00:15:48,359 --> 00:15:52,520 a hundred thousand dollars and only keep ten thousand dollars of that i want to make a hundred 219 00:15:52,520 --> 00:15:55,960 thousand dollars and keep seventy thousand dollars eighty thousand dollars ninety thousand 220 00:15:55,960 --> 00:16:01,960 dollars of that and we know that it is way more profitable to only have one service and be very 221 00:16:01,960 --> 00:16:06,119 good at that so that way you can have multiple high-paying clients for that service while the 222 00:16:06,119 --> 00:16:11,080 fulfillment is always the same and since it's always the same it becomes very easy for you to 223 00:16:11,080 --> 00:16:16,520 get one or two contractors that will get all of the service delivery done for you without you ever 224 00:16:16,520 --> 00:16:21,080 having to touch that side of the business while still getting great results for your clients 225 00:16:21,080 --> 00:16:26,359 because obviously with great client results your monthly recurring revenue will naturally grow 226 00:16:26,359 --> 00:16:31,000 month after month and if we keep things lean and simple as i'm going to show you how to do 227 00:16:31,080 --> 00:16:36,599 majority of that revenue will be profit once again we're talking 70 to 90 profit margins 228 00:16:36,599 --> 00:16:41,479 when structuring things properly with your 3.0 agency it's really all just a matter of 229 00:16:41,479 --> 00:16:47,000 specialization versus generalization we all know that brain surgeons make way more money than 230 00:16:47,000 --> 00:16:53,400 general practitioners yet the 1.0 and 2.0 agency models try to be as general as possible to appeal 231 00:16:53,400 --> 00:16:58,200 to as many different clients as possible not realizing that it is way better to appeal to 232 00:16:58,200 --> 00:17:04,359 only a handful of very good clients that pay well and streamline all of your operations again 233 00:17:04,359 --> 00:17:11,319 revenue is a vanity metric here we only focus on profit now the real beauty of the 3.0 agency 234 00:17:11,319 --> 00:17:15,400 model is that since we don't have an office and we're not attached to clients of any specific 235 00:17:15,400 --> 00:17:21,319 locations we can not only get clients worldwide but we can also work with talent worldwide and 236 00:17:21,319 --> 00:17:24,760 you can get incredible talent for a thousand dollars two thousand dollars three thousand 237 00:17:25,079 --> 00:17:29,160 while having multiple clients paying you two thousand three thousand five thousand dollars a 238 00:17:29,160 --> 00:17:34,040 month each and using a simple strategy that i've created you won't ever need to pay anything out 239 00:17:34,040 --> 00:17:39,000 of pocket i call it contractor arbitrage and with it you only have to pay your contractors 240 00:17:39,000 --> 00:17:43,079 after the service has already been delivered and the client has already paid you 241 00:17:43,079 --> 00:17:49,160 meaning you never run the risk of getting into any cash flow issues or high payrolls exactly like 242 00:17:49,160 --> 00:17:54,359 what happens with the 1.0 agencies now i'll go ahead and explain exactly how that works shortly 243 00:17:54,359 --> 00:17:58,680 but what you need to understand for now is that with this model you can spend eighty percent of 244 00:17:58,680 --> 00:18:03,319 your time on reaching out to potential clients which is the activity that actually grows your 245 00:18:03,319 --> 00:18:08,040 business and that will allow you to scale to ten thousand dollars a month without ever sacrificing 246 00:18:08,040 --> 00:18:14,520 your time and location freedom and this is how you build a cash flow business now the only thing 247 00:18:14,520 --> 00:18:20,040 you need to focus on here is getting great client results and building your cash reserves and by the 248 00:18:20,040 --> 00:18:25,640 way here's where you can spot people who actually have experience running a successful agency or to 249 00:18:25,640 --> 00:18:30,680 be honest just a cash flow business in general versus the ones who do not i hear this all the 250 00:18:30,680 --> 00:18:35,640 time and i'm sure you've heard it too once your business starts making money just reinvest it all 251 00:18:35,640 --> 00:18:40,199 into the business and surely once you're first getting started and hiring your first few contractors 252 00:18:40,199 --> 00:18:44,680 that does make sense but once you start making good money consistently with your agency you're 253 00:18:44,680 --> 00:18:48,680 going to see that there's not that much to reinvest back into listen it's not as if we're running an 254 00:18:48,680 --> 00:18:53,640 extremely complex business that requires thousands of employees like it happens with software companies 255 00:18:53,640 --> 00:18:58,280 for example where you need a bunch of developers listen i have many many businesses where i reinvest 256 00:18:58,280 --> 00:19:03,239 all the profits my eyewear business skaggy which makes millions of dollars a year well what do i 257 00:19:03,239 --> 00:19:07,239 do i reinvest that into better terms with my manufacturers i reinvest that into new stock 258 00:19:07,239 --> 00:19:11,160 my software businesses my main software business flozy for example we reinvest that back into the 259 00:19:11,160 --> 00:19:16,439 team new developers new offices we reinvest that into new acquisition channels big day for example 260 00:19:16,439 --> 00:19:20,680 which is my beverage company we get money in and we invest that into new product skews we reinvest 261 00:19:20,680 --> 00:19:25,719 that into more salt we prepay so we even get better terms with our logistics partners i can go on and 262 00:19:25,719 --> 00:19:30,199 on with my list of businesses the one business i genuinely could never find a way to reinvest back 263 00:19:30,199 --> 00:19:35,000 into was my agency i got to a point where i was making such healthy cash flows and i didn't need 264 00:19:35,000 --> 00:19:39,160 more employees to service the clients and even if i did bring on another full-time employee at that 265 00:19:39,160 --> 00:19:43,719 stage that meant that i was able to unlock so much more potential revenue in terms of our capacity 266 00:19:43,719 --> 00:19:47,800 to deliver services so speaking as someone who has so many businesses personally as well as so 267 00:19:47,800 --> 00:19:52,680 many businesses i've invested in i can genuinely tell you agency is the one where you don't need 268 00:19:52,680 --> 00:19:57,880 to reinvest it's just a cash cow it produces money you take that money you go invest in other 269 00:19:57,880 --> 00:20:01,719 businesses or you take that money and you use it to start other businesses or you take that money 270 00:20:01,719 --> 00:20:06,760 and you live like a king whatever you want to do you really can take the agency any way that 271 00:20:06,760 --> 00:20:11,079 you want for example with me i took a million dollars of profit from my agency i publicly 272 00:20:11,079 --> 00:20:15,560 invested that into bitcoin in november 2020 the other big thing i did that year with my agency 273 00:20:15,560 --> 00:20:19,640 profits i took that money and invested it into my software company with my business partner which 274 00:20:19,640 --> 00:20:23,160 since then we've now grown to the point where we have 30,000 agencies on there so i know that was 275 00:20:23,160 --> 00:20:27,400 a little bit of a rant but it always frustrated me when i heard people saying that ran agencies 276 00:20:27,400 --> 00:20:31,319 will reinvest back into business and i'm like are we like running the same business like what do 277 00:20:31,319 --> 00:20:35,640 you what are you talking about because i will tell you the truth when it comes to this business 278 00:20:35,640 --> 00:20:39,800 reinvesting in your agency is the biggest lie that you've been told and trying to reinvest 279 00:20:39,800 --> 00:20:44,280 everything you make back into the agency is the number one way to ruin your business 280 00:20:44,280 --> 00:20:48,839 cripple your costs destroy your margins thinking you're scaling a lot because your revenue is 281 00:20:48,839 --> 00:20:53,319 growing while you're still making the exact same amount of money every single month in profit with 282 00:20:53,319 --> 00:20:59,640 a lot more complexity a bigger team a bigger operation and overall carrying way more risk 283 00:20:59,640 --> 00:21:04,199 and when you're in the situation only takes one thing to go wrong for the entire business to fail 284 00:21:04,199 --> 00:21:07,719 because now you have a lot of staff to pay and you're investing thousands if not tens of thousands 285 00:21:07,719 --> 00:21:11,400 of dollars a month into ads you're investing into this thing and that thing and that thing 286 00:21:11,400 --> 00:21:15,880 and then you have one bad month your revenue drops a bit and then now all of a sudden you're in the 287 00:21:15,880 --> 00:21:20,280 red with a lot of staff that you need to pay and this is precisely how you get into cash flow issues 288 00:21:20,280 --> 00:21:24,839 and this is exactly how 90 of businesses go bankrupt and why does that happen in the first 289 00:21:24,839 --> 00:21:30,599 place because you've shifted your focus from our north star metric which is profit and instead you 290 00:21:30,599 --> 00:21:36,439 focus on a vanity metric which is revenue remember we want to keep things lean simple and profitable 291 00:21:36,439 --> 00:21:40,760 you want to build a cash flow business that allows you to spend 30 of what you make from 292 00:21:40,760 --> 00:21:47,319 the business and the other 70 you invest and this is how you become wealthy you spend 30 of what you 293 00:21:47,319 --> 00:21:52,760 make and you invest 70 into actual investments not back into your business eventually your 294 00:21:52,760 --> 00:21:58,359 investments will make just as much if not more than your actual business itself and at that point 295 00:21:58,359 --> 00:22:03,400 you get to choose when you work how long you work or even if you want to work in the first place 296 00:22:03,400 --> 00:22:09,400 and that is the path to wealth and what you need to get there is a cash flow business and that my 297 00:22:09,400 --> 00:22:15,959 friend is why the agency 3.0 model we optimize for cash flow now it's very important that we 298 00:22:15,959 --> 00:22:20,599 get clear on what we're actually doing here because i know that at times it can get confusing 299 00:22:20,599 --> 00:22:25,479 and if you are confused don't worry about it i know it's a lot of new content a lot of stuff 300 00:22:25,479 --> 00:22:29,959 to digest and it is good that you're feeling like that because it means that you're learning 301 00:22:29,959 --> 00:22:34,119 something new now we're about to clear all of this confusion and really understand together 302 00:22:34,119 --> 00:22:40,359 what we're doing here as the 3.0 agency really all we're doing here can be summed up to one sentence 303 00:22:41,160 --> 00:22:47,000 we are delivering a service to a client where the roi is higher than the fee we're charging 304 00:22:47,000 --> 00:22:52,599 roi stands for return on investment by the way to put it simply we charge a client x and they 305 00:22:52,599 --> 00:22:59,479 make 5 10 20 x that and the way that we do this is by taking advantage of what i call the arbitrage 306 00:22:59,560 --> 00:23:04,680 economy and that's what allows 3.0 agencies to exist and operate the way that we do now for you 307 00:23:04,680 --> 00:23:09,479 to understand what the arbitrage economy is think about businesses that are winning and made it big 308 00:23:09,479 --> 00:23:15,640 over the last few years uber expedia airbnb tick tock the way that all of these businesses operate 309 00:23:15,640 --> 00:23:21,880 is exactly the same none of them deliver their final product or service themselves airbnb doesn't 310 00:23:21,880 --> 00:23:28,599 own any houses uber doesn't have any cars expedia doesn't own any airlines and tick tock doesn't 311 00:23:28,599 --> 00:23:35,079 even produce any content all they do is connect someone who's looking for a house a ride or a 312 00:23:35,079 --> 00:23:40,359 flight to another individual or company who can deliver that service that they're looking for 313 00:23:40,359 --> 00:23:46,119 and then they package all of that under their own brand and take a cut of the final price 314 00:23:46,119 --> 00:23:52,199 charged for the service in the arbitrage economy the person that wins is not the one who delivers 315 00:23:53,160 --> 00:23:59,319 but rather the one that orchestrates it even better airbnb uber tick tock the individuals 316 00:23:59,319 --> 00:24:04,359 who deliver their services for them are not their employees they're not employees they work with 317 00:24:04,359 --> 00:24:11,719 contractors and most importantly the contractors only get paid after they deliver the service 318 00:24:11,719 --> 00:24:18,040 meaning there is absolutely no added risk to the business i mean think about it uber has no added 319 00:24:18,040 --> 00:24:23,160 risk when a new driver registers to it because they only have to pay the driver once he has 320 00:24:23,160 --> 00:24:27,959 already generated money for the company and this is the same concept that we apply to our 3.0 321 00:24:27,959 --> 00:24:32,520 agencies when we work with contractors because you only pay them once they already generated you 322 00:24:32,520 --> 00:24:37,560 money so instead of being a cost to your business they become an asset and the way we do this is by 323 00:24:37,560 --> 00:24:42,760 adopting the cash flow model and what i mean by that is you charge your client on day one before 324 00:24:42,760 --> 00:24:46,599 you provide them with any services which is standard when you're working with agencies by 325 00:24:46,599 --> 00:24:52,199 the way and then your contractor fulfills on the service and only then at the end of the month once 326 00:24:52,199 --> 00:24:57,880 the service has already been fulfilled on day 30 you pay your contractor and that's exactly what 327 00:24:57,880 --> 00:25:03,719 is expected in this case because clients know that agencies and any other service provider really they 328 00:25:03,719 --> 00:25:08,920 charge up front and contractors and employees well they know that they get paid at the end of each 329 00:25:08,920 --> 00:25:12,599 month basically what we're doing here is we're just being smart with our cash flow so that you 330 00:25:12,599 --> 00:25:18,040 don't ever need any money to hire those contractors in the first place because they generate the money 331 00:25:18,040 --> 00:25:24,599 before ever getting paid and that is what arbitrage is and that's how people get super wealthy using 332 00:25:24,599 --> 00:25:30,119 arbitrage and leverage and the smartest investors are the ones who do it with no risk and that's 333 00:25:30,119 --> 00:25:34,760 exactly what we're doing here now a lot of people have a few questions here such as but then how do 334 00:25:34,760 --> 00:25:39,239 you present a contractor as a part of your agency or do you tell your clients that you're outsourcing 335 00:25:39,239 --> 00:25:44,520 this service or basically like how does that work and the answer is very simple it's once again the 336 00:25:44,520 --> 00:25:49,479 same thing as with the uber driver you see the uber driver as a part of the company they're just 337 00:25:49,479 --> 00:25:54,839 part of uber you don't ever see it as uber is outsourcing the service to a contractor no it's 338 00:25:54,839 --> 00:25:59,160 just your uber driver they're they're a part of uber and the same thing applies for a contractor 339 00:25:59,160 --> 00:26:03,880 they're a part of your agency you present them as a part of your team you don't have to disclose if 340 00:26:03,880 --> 00:26:08,439 they're a contractor or if they work part-time or full-time with you what matters is that they 341 00:26:08,439 --> 00:26:12,680 are part of your team and that's exactly how you present them to clients and by the way that's how 342 00:26:12,680 --> 00:26:18,599 you should treat them internally too as a team member and then people usually ask well why wouldn't 343 00:26:18,599 --> 00:26:23,959 the client hire the contractor directly then and again for the exact same reason as to why you don't 344 00:26:23,959 --> 00:26:28,920 hire your uber driver you don't call up a driver and have a log of all the drivers no you want to 345 00:26:28,920 --> 00:26:33,880 have the convenience and the safety of working with a brand a company instead of just taking 346 00:26:33,880 --> 00:26:37,880 all the risk of hiring someone random it's the same for your client they are looking to work 347 00:26:37,880 --> 00:26:43,000 with an agency exactly because they don't want to hire employees to do that there's too much risk 348 00:26:43,000 --> 00:26:47,560 associated with it it's way easier to hire an agency because it's more hands-off it doesn't 349 00:26:47,560 --> 00:26:51,959 require any management and it also ends up being cheaper for them most of the time in the exact same 350 00:26:51,959 --> 00:26:56,760 way it's cheaper for you to grab an uber whenever you need it instead of having a full-time driver 351 00:26:56,760 --> 00:26:59,719 now another mental barrier that you're probably going to run through here when you're first 352 00:26:59,719 --> 00:27:04,760 starting out is to think oh wow a thousand dollars two thousand dollars five thousand dollars that's 353 00:27:04,760 --> 00:27:09,079 a lot of money why would a client spend that on me and it's true a thousand two thousand five 354 00:27:09,079 --> 00:27:13,160 thousand dollars is a lot of money when thinking about it from a personal setting like if you're 355 00:27:13,160 --> 00:27:18,280 personally spending that that's a lot of money but when you approach it from a business perspective 356 00:27:18,280 --> 00:27:22,040 it's totally different because a person would think a lot before spending five thousand dollars 357 00:27:22,040 --> 00:27:26,040 on something but when you're thinking about a business investment the mindset is totally 358 00:27:26,040 --> 00:27:31,880 different businesses spend that type of money on services on rent on software on staff every single 359 00:27:31,880 --> 00:27:36,680 day and that's because they know that these investments will generate them a return so it's 360 00:27:36,680 --> 00:27:41,079 not as if they're spending five thousand dollars with an expense they're investing five thousand 361 00:27:41,079 --> 00:27:45,800 dollars which is a huge difference it's a difference between seeing seen as an expense 362 00:27:45,800 --> 00:27:50,760 versus being seen as an investment and then again if you take the average e-commerce business doing 363 00:27:50,760 --> 00:27:54,439 fifty thousand dollars a month which is not much by the way because of all the reasons that we 364 00:27:54,439 --> 00:27:58,680 mentioned previously the costs the margins etc so let's say for example they have thirty percent 365 00:27:58,680 --> 00:28:02,520 margins it means that they're already spending thirty five thousand dollars a month on the cost 366 00:28:02,520 --> 00:28:08,760 of goods marketing logistics storage staff payment processing etc etc etc so they're already spending 367 00:28:08,760 --> 00:28:12,760 thirty five thousand dollars a month do you really think that a thousand dollars two thousand dollars 368 00:28:12,760 --> 00:28:17,000 even five thousand dollars a month on top of that will phase them not really especially when it's 369 00:28:17,000 --> 00:28:21,880 viewed as an investment so don't worry about charging these prices at the end of the day as 370 00:28:21,880 --> 00:28:26,359 i said it's not like the client is personally paying out of pocket themselves it's not like 371 00:28:26,359 --> 00:28:31,239 they're sending you the money no they're investing into their own business which for the businesses 372 00:28:31,239 --> 00:28:35,560 you're serving makes sense as i've mentioned that is how they should see their service and inside of 373 00:28:35,560 --> 00:28:39,880 the full offer master class here inside of agency accelerator i'm going to show you exactly how to 374 00:28:39,880 --> 00:28:45,079 frame your offer so the prospects see you as an investment versus an expense so that way it becomes 375 00:28:45,079 --> 00:28:50,680 a no-brainer for them to invest into your services but that's for later on so now that you understand 376 00:28:50,680 --> 00:28:55,000 all of these concepts i want to show you what the process is to actually signing clients and making 377 00:28:55,000 --> 00:28:59,479 money with your agency in fact i'm about to give you a six-step action plan you can start 378 00:28:59,479 --> 00:29:04,199 implementing today to get started with your agency by the way this is the exact same action plan that 379 00:29:04,199 --> 00:29:08,439 every single student we have that's generating thousands of dollars a month with their agency 380 00:29:08,439 --> 00:29:12,760 this exact same system that they follow so if you can send a few messages on instagram and jump on 381 00:29:12,760 --> 00:29:17,000 a few zoom meetings well then you can do this and after you finish this video you will already have 382 00:29:17,000 --> 00:29:20,040 everything you need to start making anywhere from five hundred to two thousand dollars with your 383 00:29:20,040 --> 00:29:25,079 online business so if you're tired of feeling like you're just wasting time now is the time to 384 00:29:25,079 --> 00:29:30,359 get out of the inertia and change that so let's get into it as i said this plan is broken down 385 00:29:30,359 --> 00:29:35,160 into six phases and if you log into the agency accelerator platform you're going to see these 386 00:29:35,160 --> 00:29:39,959 same exact phases here they are phase number one is foundations and this is where we go through 387 00:29:39,959 --> 00:29:44,199 all the setup we need to get started with your agency such as choosing your service and your 388 00:29:44,199 --> 00:29:48,680 niche as well as getting your entire agency set up as well as your website your onboarding funnel 389 00:29:48,680 --> 00:29:53,560 contracts templates business email everything it's all plug and play click one button it imports 390 00:29:53,560 --> 00:29:57,479 straight in all of the templates plug and plays it's all done for you and that's where you move 391 00:29:57,479 --> 00:30:00,599 to phase two mindset in the same way you have to set up your business you need to set up your 392 00:30:00,599 --> 00:30:04,599 mindset because if you don't have the right world view if you don't understand how to be the person 393 00:30:04,599 --> 00:30:08,359 that can make 10k a month well then you're going to inevitably fail so i don't want you to see 394 00:30:08,359 --> 00:30:12,119 your mindset and roll your eyes basically the mindset training is a way for you to have the 395 00:30:12,119 --> 00:30:15,719 correct worldview okay basically imagine right now you're wearing glasses but you're wearing 396 00:30:15,719 --> 00:30:20,040 the wrong lenses so you can't see the world clearly which means you can't get to the destination you 397 00:30:20,040 --> 00:30:24,920 want to get to phase two make sure that you have the right lenses for your eyes so you can see 398 00:30:24,920 --> 00:30:29,079 clearly and get to where you want to get to without bumping into walls and hurting yourself along the 399 00:30:29,079 --> 00:30:33,079 way which is what you're currently doing now phase three is outreach and prospecting and here i'll 400 00:30:33,079 --> 00:30:39,160 tell you how to find clients and what to say when reaching out to them now phase four is sales so 401 00:30:39,160 --> 00:30:42,680 from your outreach efforts you're going to start to get meetings booked and here's how you learn 402 00:30:42,680 --> 00:30:47,000 how to turn simple zoom meetings into paying clients that put thousands of dollars into your 403 00:30:47,000 --> 00:30:52,119 bank account month over month now phase five is systems and processes once you sign your first 404 00:30:52,119 --> 00:30:56,839 client inside of phase four here's where we put the processes in place to give your client a great 405 00:30:56,839 --> 00:31:01,560 client experience and ensure that they stay with you for a long time now phase six is service 406 00:31:01,560 --> 00:31:05,560 delivery and here's where you're going to learn how to get the service delivery done for you 407 00:31:05,560 --> 00:31:10,599 by someone else using contractor arbitrage or even by yourself if you prefer it to go at the 408 00:31:10,599 --> 00:31:14,760 do-it-yourself route and my objective here today is to run you through this six-step process so 409 00:31:14,760 --> 00:31:19,479 that you can first understand what running an agency looks like and second give you a 30-foot 410 00:31:19,479 --> 00:31:23,800 overview of each step so that way you can start implementing it and work towards signing your 411 00:31:23,800 --> 00:31:29,319 first paying client without having to wait all the way until phase six so phase one is foundations 412 00:31:29,319 --> 00:31:34,680 now your job as a 3.0 agency is to find one single problem big enough that paying top dollar to fix 413 00:31:34,680 --> 00:31:39,319 it is a no-brainer basically what you're doing is getting paid to fix problems for businesses 414 00:31:39,319 --> 00:31:43,959 now you have to ask yourself what is a problem that a business would pay you to get fixed and 415 00:31:43,959 --> 00:31:49,400 there are countless ones each niche and industry has its own peculiarities however there's one 416 00:31:49,400 --> 00:31:55,560 big problem that's shared between pretty much all businesses and that is sales if you can get a 417 00:31:55,560 --> 00:31:59,719 business to sell more they're going to pay you generously so now the question becomes how can I 418 00:31:59,719 --> 00:32:04,920 help businesses sell more and again you can do that in a variety of ways you can help them design 419 00:32:04,920 --> 00:32:09,079 better product pages you can help them shoot content better you can help them take better 420 00:32:09,079 --> 00:32:13,959 product pictures you can help them run better ads you can help them write better emails you can help 421 00:32:13,959 --> 00:32:19,560 them position better on google searches all of which leads into getting more sales what I recommend 422 00:32:19,560 --> 00:32:24,520 you is to think about how you can leverage different services in a way that allows businesses 423 00:32:24,520 --> 00:32:29,640 to make more sales with them and let me explain what I mean by that let's say your service is video 424 00:32:29,640 --> 00:32:34,839 editing for example majority of the agencies providing the service simply edit regular 425 00:32:34,839 --> 00:32:38,760 institutional videos they usually don't have much value for your client because no one really 426 00:32:38,760 --> 00:32:43,079 watches them and they don't really generate any roi you know return on investment for your client 427 00:32:43,079 --> 00:32:47,560 and that is why I call it the convenience offer it saves the time of that client from having to 428 00:32:47,560 --> 00:32:52,280 edit the video themselves but it doesn't really provide much more value than that and that is the 429 00:32:52,280 --> 00:32:57,719 type of service that a 1.0 and a 2.0 agency provide and that is why they struggle to sign high ticket 430 00:32:57,719 --> 00:33:03,319 clients now with the exact same service you could find businesses that run ads for example and help 431 00:33:03,319 --> 00:33:08,599 them create better ad creatives for their ad campaigns better ad creatives for them means 432 00:33:08,599 --> 00:33:15,239 lower costs on their ads which means more profitable ads so there is a clear roi on the service you are 433 00:33:15,239 --> 00:33:22,920 providing them or in simple terms it will bring them more sales and because of that you get paid 434 00:33:22,920 --> 00:33:28,439 way more and that is how you take a regular convenience service and turn it into an roi 435 00:33:28,439 --> 00:33:35,560 service and that is what we offer as a 3.0 agency now another example is if you're good at writing 436 00:33:35,560 --> 00:33:40,359 or if you get a contractor to do that for you you can either spend time writing blog posts which 437 00:33:40,359 --> 00:33:46,119 again don't have too much value or you can find e-commerce stores who have email lists of customers 438 00:33:46,119 --> 00:33:50,439 and write daily emails to that list which is usually the store's number one source of repeat 439 00:33:50,439 --> 00:33:55,719 purchases therefore it becomes an extremely valuable activity for such business now there 440 00:33:55,719 --> 00:34:00,839 are a lot of very simple and easy to offer high paying services that are framed correctly as an 441 00:34:00,839 --> 00:34:06,839 roi service you can leverage to get to ten thousand dollars a month with your 3.0 agency now what you 442 00:34:06,839 --> 00:34:12,360 have to keep in mind here is that the easier it is to attribute a monetary value to the service you 443 00:34:12,360 --> 00:34:18,280 offer the easier it will be to justify charging higher prices meaning if at the end of the month 444 00:34:18,280 --> 00:34:23,000 your client can say okay this guy's service directly brought x amount of sales to our company 445 00:34:23,000 --> 00:34:27,239 which in total represents x amount of money in our bank account how realistic do you think it is 446 00:34:27,239 --> 00:34:31,159 that you'll be able to charge a reasonable percentage of the amount that you brought 447 00:34:31,159 --> 00:34:36,520 them i mean it's a no-brainer and that is why i always recommend choosing services that are easy 448 00:34:36,520 --> 00:34:42,840 to attribute a monetary roi to them now here are a list of my favorite roi services to offer paid 449 00:34:42,840 --> 00:34:47,239 ads so you've got facebook ads google ads youtube ads and these are the easiest ones to attribute 450 00:34:47,239 --> 00:34:52,040 results to you have content creation now i like to use this one specifically for ads or sales videos 451 00:34:52,040 --> 00:34:56,600 where that specific piece of content is responsible for bringing sales you have conversion rate 452 00:34:56,600 --> 00:35:00,679 optimization which is basically a fancy name for saying taking an e-commerce's product page 453 00:35:00,679 --> 00:35:05,000 and redesigning it in a way that gets more people to buy their product and it's way easier than 454 00:35:05,000 --> 00:35:09,479 designing a completely new website from scratch you have email marketing which is basically writing 455 00:35:09,479 --> 00:35:14,199 daily or weekly emails and you'd be astonished if you saw the amount of revenue that emails can bring 456 00:35:14,280 --> 00:35:18,439 to an e-commerce store plus by the way majority of these stores have big email lists which they 457 00:35:18,439 --> 00:35:23,000 invest a lot to acquire each contact in so for them it's kind of like free marketing since it 458 00:35:23,000 --> 00:35:28,760 doesn't cost anything to send an email to their already existing contacts it is pure bottom line 459 00:35:28,760 --> 00:35:34,679 for them now here inside of agency accelerator you get three entire bonus programs for each 460 00:35:34,679 --> 00:35:37,800 service delivery each one of them teaches a different service that you can either learn 461 00:35:37,800 --> 00:35:43,159 yourself or use to train your contractors we have inbox insiders that teaches email marketing we 462 00:35:43,159 --> 00:35:48,520 have ad architect that teaches paid ads and we have pen to profit that teaches copywriting now 463 00:35:48,520 --> 00:35:52,919 lastly the thing you still need to choose here inside of phase one is your niche your niche is 464 00:35:52,919 --> 00:35:57,479 who you're going to be offering your service to remember we don't want to simply appeal to everyone 465 00:35:57,479 --> 00:36:03,080 here our goal as a 3.0 agency is to focus on providing one service to one niche and getting 466 00:36:03,080 --> 00:36:07,719 very good at it now we have an entire module here in phase one on choosing your niche so i won't get 467 00:36:07,719 --> 00:36:12,679 into too much detail here but just to give you some pointers i have two main things i deem as 468 00:36:12,679 --> 00:36:17,159 important when choosing a niche first is choosing a niche that you're knowledgeable about because 469 00:36:17,159 --> 00:36:21,719 this is going to make it 10 times easier to build trust when talking to potential clients now if 470 00:36:21,719 --> 00:36:25,560 you're not knowledgeable about any specific niche or industry just choose something that you're 471 00:36:25,560 --> 00:36:29,879 passionate about so that you're more excited to learn about it and second make sure to choose 472 00:36:29,879 --> 00:36:34,120 a niche with a business inside of it have high revenue numbers and good enough profit margins 473 00:36:34,120 --> 00:36:38,360 this is going to make it way easier for you to get higher paying clients pro tip by the way a lot of 474 00:36:38,360 --> 00:36:42,360 people get stuck here overthinking what's the perfect niche as if they only have one chance 475 00:36:42,360 --> 00:36:45,800 of choosing it and they're gonna get married to it and they're gonna have to stick to it forever 476 00:36:45,800 --> 00:36:51,080 remember you can always change this later and if you're in doubt just select two different ones and 477 00:36:51,080 --> 00:36:55,560 go prospect on both of them to see which one works better for you talking about getting stuck this 478 00:36:55,560 --> 00:37:00,600 takes us directly into phase two now phase two is mindset and i've given this exact same action plan 479 00:37:00,600 --> 00:37:04,840 to thousands of people some of them went on to make thousands and then dozens of thousands and 480 00:37:04,840 --> 00:37:09,080 then hundreds of thousands with it and some even got to millions now at the same time there's a lot 481 00:37:09,080 --> 00:37:12,679 of people who never managed to make a single dime from it and the difference between the people who 482 00:37:12,679 --> 00:37:16,600 have an incredible success with this compared to the people who never make a single dime is the 483 00:37:16,600 --> 00:37:21,479 ones who succeed weren't afraid to execute they weren't afraid of taking wrong decisions because 484 00:37:21,479 --> 00:37:26,199 they knew that eventually they would take that one right decision that would outweigh all of the 485 00:37:26,199 --> 00:37:31,399 wrong decisions that they've ever taken so they just executed while the people who never achieved 486 00:37:31,399 --> 00:37:36,919 anything with this plan they got stuck they got stuck choosing their niche their service or on 487 00:37:36,919 --> 00:37:42,040 one of the following steps of the plan the point is they never pulled the trigger they were 488 00:37:42,040 --> 00:37:47,000 overthinking it too afraid to take a decision whereas the ones that fail with this plan are the 489 00:37:47,000 --> 00:37:51,080 ones who don't execute now mindset is pretty much all we've been talking about this point that's all 490 00:37:51,080 --> 00:37:55,639 mindset and inside of agency accelerator we have one of the best mindset trainings you can find 491 00:37:55,639 --> 00:37:59,399 online and by the way that's where my viral monk mode routine comes from you know all those people 492 00:37:59,399 --> 00:38:03,239 who make monk mode videos or talk about monk mode that was a module inside of one of my old agency 493 00:38:03,239 --> 00:38:08,120 programs almost half a decade ago and that's how monk mode became popularized now getting into all 494 00:38:08,120 --> 00:38:12,600 of that will be out of the scope of today's module but throughout this module you already have all 495 00:38:12,600 --> 00:38:17,000 of the mindset training you need to get started so now you have to answer the question are you 496 00:38:17,000 --> 00:38:20,919 going to be one of those people who fall through the cracks or are you going to be another master 497 00:38:20,919 --> 00:38:26,120 of your own fate this decision has to be taken now because once you do it you have what it takes 498 00:38:26,120 --> 00:38:29,879 to get to the next phase the phase three is outreach which is learning how to find and 499 00:38:29,879 --> 00:38:33,719 approach potential clients and this can be your most important activity as an agency owner 500 00:38:33,719 --> 00:38:38,280 outreach and that is finding and approaching potential clients because that is the only way 501 00:38:38,280 --> 00:38:42,760 you're going to sign new clients and signing new clients is the only way you're going to grow your 502 00:38:42,760 --> 00:38:48,760 agency and this is where you should spend 80 of your time as an agency owner prospecting new 503 00:38:48,760 --> 00:38:53,639 clients and here is where most people fuck up with this business model as well because there is 504 00:38:53,639 --> 00:39:00,520 endless ways to outreach cold calling cold email sending looms instagram dms linkedin and the list 505 00:39:00,520 --> 00:39:06,199 goes on the problem is majority of people just start prospecting without ever working on coming 506 00:39:06,199 --> 00:39:11,239 up with a high quality list of people to contact in the first place you know what's the number one 507 00:39:11,239 --> 00:39:15,399 denominator of success when it comes to outreach efforts most people think it's about the script 508 00:39:15,399 --> 00:39:20,360 they have or the words they use inside of their outreach message and that indeed matters a lot 509 00:39:20,360 --> 00:39:24,760 if you have a weak message no one's going to respond to it however that only accounts for 510 00:39:24,760 --> 00:39:30,360 around 20 percent of your success when contacting potential clients the other 80 is about who you 511 00:39:30,360 --> 00:39:35,080 choose to contact in the first place you see most people try to reach out to potential clients 512 00:39:35,080 --> 00:39:40,120 through cold email with an email list they scraped from some free website and then their response 513 00:39:40,120 --> 00:39:44,439 rate is terrible and they think that's because of what they're saying in their messages it's not 514 00:39:44,439 --> 00:39:49,479 majority of those scraped email lists from free websites completely suck so it doesn't matter what 515 00:39:49,479 --> 00:39:55,879 you say in your messages your outreach efforts won't work what you have to do instead is find out 516 00:39:55,879 --> 00:40:01,080 where your ideal customer hangs out and go there to talk to them and by the way i don't mean 517 00:40:01,080 --> 00:40:05,560 physically go there let's say for example the niche you've selected is with e-commerce brands 518 00:40:05,560 --> 00:40:10,360 you want to know the best place to find them well there's a lot but here's a few very easy ones first 519 00:40:10,360 --> 00:40:15,239 open your instagram and search for an influencer that teaches e-commerce i won't name anyone here 520 00:40:15,239 --> 00:40:18,760 because otherwise everyone will start reaching out to their followers but you can find someone on 521 00:40:18,760 --> 00:40:24,199 your own now what you have to do is go on this influencers followers list and start opening 522 00:40:24,199 --> 00:40:29,239 profiles in there and just read their bios and soon you're going to find a bunch of e-commerce 523 00:40:29,239 --> 00:40:33,560 brand owners and then all you have to do is list them all and contact them which i'm going to show 524 00:40:33,560 --> 00:40:37,399 you exactly how to do in the next step you can also do the same thing on twitter by the way by 525 00:40:37,399 --> 00:40:41,239 searching on the followers list of shopify for example and you're going to find tons and tons 526 00:40:41,239 --> 00:40:45,959 of brand owners there as well facebook groups also work here you can also find people on linkedin and 527 00:40:45,959 --> 00:40:50,760 contact them there or find their email from their profile really the options are endless but inside 528 00:40:50,760 --> 00:40:56,120 of phase three of agency accelerator we have literally the best outreach training that's 529 00:40:56,120 --> 00:40:59,639 possible so you're going to learn all these strategies and the reason i say it's the best 530 00:40:59,639 --> 00:41:04,360 is because it's taught by guillaume who is the founder of lemlist which is the outreach tool 531 00:41:04,360 --> 00:41:09,320 that literally tens of thousands of successful agencies out there use to reach out to potential 532 00:41:09,320 --> 00:41:14,600 clients through cold emails so he gets to see the inner workings of the outreach process for 533 00:41:14,600 --> 00:41:19,479 thousands and thousands tens of thousands of agencies and knows exactly what works and what 534 00:41:19,479 --> 00:41:26,280 doesn't and most importantly what is working today so with that being said whatever approach you 535 00:41:26,280 --> 00:41:31,399 decide to take work on compiling a list of contacts and that will make your job 10 times easier and 536 00:41:31,399 --> 00:41:36,520 just remember we literally have the owner of a software company that's worth hundreds of millions 537 00:41:36,520 --> 00:41:41,800 of dollars he is literally the king of outreach because he owns the software that everyone uses 538 00:41:41,800 --> 00:41:46,040 in order to do it and he is the person that's teaching you outreach you're never going to find 539 00:41:46,040 --> 00:41:50,679 a better person on earth to teach you the proven strategies that are working today i'm sorry i'm 540 00:41:50,679 --> 00:41:54,040 getting a little flustered i'm sorry i'm getting a little excited but it's just like what we have 541 00:41:54,040 --> 00:41:58,520 put together here inside of agency accelerator it's the dream team it's the best the best and 542 00:41:58,520 --> 00:42:02,199 i'm just so excited for you to see all this training so i'm going to tell you exactly what 543 00:42:02,199 --> 00:42:05,879 to say when reaching out to potential clients and i'm going to give you a step-by-step breakdown on 544 00:42:05,879 --> 00:42:09,800 what it takes to sign your first client so after you have compiled the list of potential clients 545 00:42:09,800 --> 00:42:14,040 you now have to message them and here's the million dollar prospecting script to book meetings 546 00:42:14,040 --> 00:42:19,560 on demand with potential clients and it's composed of five parts first you say hi second you give 547 00:42:19,560 --> 00:42:24,679 context and express a common value that unites you and them and then you use the common value 548 00:42:24,679 --> 00:42:29,959 to pivot to an opportunity point and then you take the pressure off of them and then you show 549 00:42:29,959 --> 00:42:35,399 them that you can help them by actually helping them and finally you invite them to a meeting 550 00:42:35,399 --> 00:42:39,879 so let me break it down what that would look like in practice using the example of selling facebook 551 00:42:39,879 --> 00:42:46,120 ads to an e-commerce brand owner step one say hi hey john how you doing step two you give context 552 00:42:46,120 --> 00:42:50,760 and express a common value i stumbled across your profile while reading one of the influencer of 553 00:42:50,760 --> 00:42:56,040 your choices posts and notice that you also follow him and have a brand that sells online 554 00:42:56,040 --> 00:42:59,479 now this is important because whenever someone receives a message from someone they don't know 555 00:42:59,479 --> 00:43:03,879 the first question that they're going to ask themselves is how did this person find me step 556 00:43:03,879 --> 00:43:07,800 three you're going to pivot to opportunity point anyway i was taking a look at your store and 557 00:43:07,800 --> 00:43:12,439 notice that you currently don't have any active ads running now this answers their next obvious 558 00:43:12,439 --> 00:43:16,840 question which is why is this person contacting me step four you want to take the pressure off of 559 00:43:16,840 --> 00:43:20,280 them by saying something along the lines of now i'm not sure if that's something you're currently 560 00:43:20,280 --> 00:43:24,439 working on or you just haven't had the time to look into it yet you never want to point out a 561 00:43:24,439 --> 00:43:29,159 problem in their business without acknowledging the fact that it's not their fault that such 562 00:43:29,159 --> 00:43:34,120 problem is happening otherwise you're going to come across as an asshole step five you want to 563 00:43:34,120 --> 00:43:38,520 show that you can help them by actually helping them something along the lines of but i'm sure 564 00:43:38,520 --> 00:43:42,760 a few ads will help you increase your sales so i've taken a look at what a few other brands in 565 00:43:42,760 --> 00:43:47,479 the space are doing and i found these few ads that are working very well for them and i recorded this 566 00:43:47,479 --> 00:43:51,399 quick video breaking down these ads and the strategies for you and this is where you put a 567 00:43:51,399 --> 00:43:55,399 loom link here is where you send them a loom breaking down the ads or whatever relevant info 568 00:43:55,399 --> 00:43:59,800 you can provide them based on your service now if you don't know what a loom is it's just a simple 569 00:43:59,800 --> 00:44:04,439 chrome extension that allows you to record your screen while you talk over it and easily send it 570 00:44:04,439 --> 00:44:09,479 to people now the thing here is since you'll be prospecting people in the same niche you only need 571 00:44:09,479 --> 00:44:14,199 to record one loom and you can use it with all potential clients so record it as if you're 572 00:44:14,199 --> 00:44:18,520 speaking to one specific person just make sure not to mention their names so that way you can 573 00:44:18,520 --> 00:44:23,159 always use the same loom now you can find good ads by searching on the facebook ads library for 574 00:44:23,159 --> 00:44:27,479 some ads that have been running for a few weeks or a few months now it shouldn't take you more 575 00:44:27,479 --> 00:44:31,560 than 10 minutes to find them and record a quick three minute loom and you can do the same for 576 00:44:31,560 --> 00:44:36,679 emails if you offer copywriting video creatives if you offer video editing product pages if you 577 00:44:36,679 --> 00:44:41,320 offer conversion rate optimization and so on and step six you want to invite them to a meeting 578 00:44:41,320 --> 00:44:45,320 something along the lines of if you think those could work for you i have a few angles in mind 579 00:44:45,320 --> 00:44:49,959 that we'd be able to quickly record and put them to test within a few days you down to jump on a 580 00:44:49,959 --> 00:44:54,520 call so i can walk you through them hush mark and you should also do the same invitation at the end 581 00:44:54,520 --> 00:44:58,439 of your loom by the way and make sure you send each one of these as separate messages if you're 582 00:44:58,439 --> 00:45:02,760 doing it on instagram it's going to look way more organic that way and that's it no need to 583 00:45:02,760 --> 00:45:07,000 overcomplicate things and if you're wondering if this actually works in practice here's a screenshot 584 00:45:07,000 --> 00:45:11,080 inside of our private community where we have a wins channel where everyone shares their agency 585 00:45:11,080 --> 00:45:15,879 wins here you can see phil who signed his first client nine days after he started reaching out 586 00:45:15,879 --> 00:45:20,840 to prospects you can also see john b who made fifteen hundred dollars in profit two weeks after 587 00:45:20,840 --> 00:45:25,879 starting his outreach efforts then six days later he posted again saying that he signed his third 588 00:45:25,879 --> 00:45:31,080 client in three days quoting him perfect your outreach and the money will come rolling in and 589 00:45:31,080 --> 00:45:35,639 by the way that's exactly how i signed my first few clients back when i started my own agency and 590 00:45:35,639 --> 00:45:39,879 i still have the videos on my youtube channel by the way it still works to this day because 591 00:45:39,879 --> 00:45:45,159 the concept remains the same show your prospect that you can help them by actually helping them 592 00:45:45,159 --> 00:45:49,159 and it's funny i was watching one of our recent student interviews with one of our students who 593 00:45:49,159 --> 00:45:54,199 started from scratch he didn't have an agency when he got into our previous our old agency program and 594 00:45:54,199 --> 00:45:58,439 within a few months he scaled to over fifty thousand dollars a month and used that money 595 00:45:58,439 --> 00:46:04,360 to invest into two other businesses that he's now an owner in his name is armando and there was two 596 00:46:04,360 --> 00:46:09,719 things he kept repeating over and over throughout the interview the first one was how he was focused 597 00:46:09,719 --> 00:46:14,840 on providing value up front before ever working with a client and how that allowed him to attract 598 00:46:14,840 --> 00:46:21,399 a lot of clients in his niche and number two how he focused on specializing in one single niche and 599 00:46:21,399 --> 00:46:26,840 getting very good client results for that specific niche with his specific service which is exactly 600 00:46:26,840 --> 00:46:31,879 what i've said to you here inside of this module now phase five is sales once you dial in your 601 00:46:31,879 --> 00:46:36,199 outreach you're going to start getting meetings and inside of agency accelerator we have an 602 00:46:36,199 --> 00:46:42,120 incredibly in-depth phase on how to convert these meetings into paying clients taught by josh and 603 00:46:42,199 --> 00:46:49,080 matt who have over 350 active clients in their agencies and they manage teams of dozens of sales 604 00:46:49,080 --> 00:46:55,639 reps actively selling prospects into their agency services every single day meaning they know how to 605 00:46:55,639 --> 00:47:01,159 sell clients into agency services much better than even i do myself so you are going to be learning 606 00:47:01,159 --> 00:47:08,199 from the best of the best their agency does upwards of four hundred thousand dollars a month now i'm 607 00:47:08,280 --> 00:47:11,959 just going to give you a quick five minute summary on how to approach these meetings so in those 608 00:47:11,959 --> 00:47:16,760 meetings you should come from the exact same frame as your first conversation through message which 609 00:47:16,760 --> 00:47:21,080 is someone who genuinely wants to help them now obviously make sure you do your homework before 610 00:47:21,080 --> 00:47:25,560 hopping on the call study their website their products and everything they have available out 611 00:47:25,560 --> 00:47:30,919 there then compile a list of things that they're doing well and opportunities for improvement so 612 00:47:30,919 --> 00:47:35,879 if you promised that you had a few angles for ads in mind go in there and give them these angles 613 00:47:35,879 --> 00:47:41,000 and explain why they would work well for their business now by doing that you're going to first 614 00:47:41,000 --> 00:47:44,360 create a lot of goodwill and this is going to let their guards down because they'll see you as 615 00:47:44,360 --> 00:47:48,520 someone who is genuinely trying to help them rather than someone who's just trying to sell 616 00:47:48,520 --> 00:47:53,159 themselves and secondly it's going to show them that you understand what you're talking about 617 00:47:53,159 --> 00:47:57,639 and it's going to get the prospect to see you as an authority and a trustworthy figure and most 618 00:47:57,639 --> 00:48:02,760 importantly ask them questions figure out what are their goals and current struggles pay attention 619 00:48:02,760 --> 00:48:08,199 to their answers and use that as ammo help diagnose their problem and then give them direction 620 00:48:08,199 --> 00:48:12,600 which should lead directly into what you offer the more digging you do here to really uncover 621 00:48:12,600 --> 00:48:17,719 their problems and motivations the less objections you're going to get later down the line now you can 622 00:48:17,719 --> 00:48:22,840 go really deep in this one usually this part of the call is called digging phase or discovery phase 623 00:48:22,840 --> 00:48:27,320 and it's really where most of the sales training available out there focuses on inside of agency 624 00:48:27,320 --> 00:48:32,439 accelerator we have a set of questions to ask here specifically for agency sales but when 625 00:48:32,439 --> 00:48:37,399 first starting out don't overthink it just keep it simple the best sales tactic i could ever give 626 00:48:37,399 --> 00:48:42,120 you is just be completely honest whenever i'm on sales call and i'm not sure if i can help a client 627 00:48:42,120 --> 00:48:46,520 i literally just tell them i'm 50 50 on this i'm not totally sure that we can get you results and 628 00:48:46,520 --> 00:48:51,000 this has a weird reverse psychology effect on them it gets prospects trying to sell you into 629 00:48:51,000 --> 00:48:55,320 accepting them as your clients but above anything else it just clearly signals to them that you're 630 00:48:55,320 --> 00:49:00,360 not trying to bullshit or sign them at all costs then after you go through all of these simply ask 631 00:49:00,360 --> 00:49:05,560 them if they know how to execute it on their own if they don't offer to help them explain exactly 632 00:49:05,560 --> 00:49:10,600 how your offer works and give your price i suggest that when you're first starting out you divide this 633 00:49:10,600 --> 00:49:15,719 process into two separate calls where in the first one you go through this discovery process that i 634 00:49:15,719 --> 00:49:20,439 just walked you through then once you have all these inputs from the prospect this last part 635 00:49:20,439 --> 00:49:24,760 of presenting them with an offer can be done on a follow-up call this is going to make it easier for 636 00:49:24,760 --> 00:49:28,919 you and also take pressure off of your back now for this follow-up call i always suggest offering 637 00:49:28,919 --> 00:49:34,600 a money-back guarantee in case you don't generate the desired results this makes it a no-brainer for 638 00:49:34,600 --> 00:49:40,120 the client and takes the pressure off of the decision-making process again in phase four of 639 00:49:40,120 --> 00:49:45,479 agency accelerator josh has an incredible class on how to structure these no-brainer offers for 640 00:49:45,479 --> 00:49:49,800 your sales meetings is going to convert majority of the qualified prospects that you talk to when 641 00:49:49,800 --> 00:49:53,320 it comes to pricing i suggest you start at a thousand dollars to two thousand dollars a month 642 00:49:53,320 --> 00:49:57,879 and you work your way up as you get more experience and inside of the offer class in phase one i'm 643 00:49:57,879 --> 00:50:01,879 going to show you how to structure performance-based billing models which is the easiest 644 00:50:01,879 --> 00:50:06,840 way to double triple or even quadruple the size of your client retainers but at the beginning you 645 00:50:06,840 --> 00:50:11,159 should just avoid going that route and keep it stupid simple now if you find the systems and 646 00:50:11,159 --> 00:50:16,199 processes once you sign your first client it's important that you have a few systems in place 647 00:50:16,199 --> 00:50:21,159 to provide them with the ultimate client experience and ensure that they stay with you for a long time 648 00:50:21,159 --> 00:50:25,639 now that includes having a smooth onboarding process selecting what plan communication tool 649 00:50:25,639 --> 00:50:29,320 you're going to use how you're going to get paid how often you're going to have calls with 650 00:50:29,320 --> 00:50:34,520 your clients and a bunch of those little details that we overlook at first but are incredibly 651 00:50:34,520 --> 00:50:38,840 important to the client experience but no need to worry about that for now once you sign your 652 00:50:38,840 --> 00:50:42,919 first client you can worry about this now phase six is service delivery and here's where things 653 00:50:42,919 --> 00:50:47,639 start to get fun now there's two paths to follow one is delivering the services yourself and the 654 00:50:47,639 --> 00:50:52,919 second is taking advantage of contractor arbitrage to get the services delivered for you now the real 655 00:50:52,919 --> 00:50:57,159 perk of this business model is that you get to decide if you want to approach it as a one-man 656 00:50:57,159 --> 00:51:01,000 band where you do everything you take care of the sales aspect of it as well as the service 657 00:51:01,000 --> 00:51:04,679 delivery aspect of it and this is great for people that like to work on their own don't 658 00:51:04,679 --> 00:51:09,000 like depending on others and have extra time to invest in their business on the other hand you 659 00:51:09,000 --> 00:51:13,479 can also approach it as a businessman who just works on the business and puts other people in 660 00:51:13,479 --> 00:51:18,919 place to take care of the service delivery but without having to pay a single penny out of 661 00:51:18,919 --> 00:51:23,399 pocket so if you want to fulfill clients yourself we literally have three bonus programs inside of 662 00:51:23,399 --> 00:51:28,199 agency accelerator the first is ad architect and that teaches you how to run facebook ads google 663 00:51:28,199 --> 00:51:33,000 ads tiktok ads and everything you need to know to provide clients with paid traffic services 664 00:51:33,000 --> 00:51:37,159 next we have inbox insiders and that teaches you how to offer email marketing services for clients 665 00:51:37,159 --> 00:51:41,080 then we have pen to profit and that teaches you the art of copywriting which you can use to provide 666 00:51:41,080 --> 00:51:46,760 clients with copywriting services now let me cover how to get the services delivered for you if you 667 00:51:46,760 --> 00:51:51,719 observe how traditional service-based businesses operate all they do is hire someone for x amount 668 00:51:51,719 --> 00:51:57,399 and then they sell that time to their clients for two three five ten x what they pay the given 669 00:51:57,399 --> 00:52:01,239 employee that is extremely profitable for the business but it comes with its own risk what if 670 00:52:01,239 --> 00:52:05,239 they end up losing a few clients and they have a fixed number of employees on payroll well the 671 00:52:05,239 --> 00:52:09,879 employees still get paid no matter how many clients the business has and this can get pretty dangerous 672 00:52:09,879 --> 00:52:13,879 pretty fast now if a business is making twenty thousand dollars a month and they have a payroll 673 00:52:13,879 --> 00:52:17,639 of ten thousand dollars a month in the case they lose half their clients in a month they're now 674 00:52:17,639 --> 00:52:22,199 losing money and still have to pay their employees for the entirety of their contracts and that's why 675 00:52:22,199 --> 00:52:27,320 we use contractor arbitrage the beauty of it is that instead of having to deal with the risks 676 00:52:27,320 --> 00:52:33,080 that come with the typical employment relationship such as fixed payroll and long time frame contracts 677 00:52:33,080 --> 00:52:38,199 what we do is we hire contractors on a per service basis that means that we're essentially hiring 678 00:52:38,199 --> 00:52:43,399 someone at no risk because they only get paid after the client pays you so you won't ever have 679 00:52:43,399 --> 00:52:47,080 to pay anything out of pocket now the way it works is that you pay the contractor based on 680 00:52:47,080 --> 00:52:51,560 how many clients they're taking care of so the more clients they take care of the more they get 681 00:52:51,560 --> 00:52:57,639 paid but if you lose a client they also stop getting paid for that specific client and as i 682 00:52:57,639 --> 00:53:02,840 mentioned earlier the way we teach you to structure this inside of agency accelerator is that you as 683 00:53:02,840 --> 00:53:09,000 an agency always get paid up front by your clients and you always pay your contractors at the end of 684 00:53:09,000 --> 00:53:13,639 the month this way you are never running into any cash flow problems and the real beauty of 685 00:53:13,639 --> 00:53:18,760 contractor arbitrage is that you can hire people who already have experience with the service you 686 00:53:18,760 --> 00:53:23,719 offer meaning this way you can deliver services that you don't know how to deliver yourself and 687 00:53:23,719 --> 00:53:27,879 if you want to learn them yourself the best way to learn them is actually hiring contractors who 688 00:53:27,879 --> 00:53:32,439 know how to deliver said services and learn it from them as they do it themselves and that's 689 00:53:32,439 --> 00:53:36,840 exactly how i learned facebook ads i moved from a content creation agency to an advertising agency 690 00:53:36,840 --> 00:53:42,280 and i hired a contractor to deliver the services for my clients and i learned from him as he 691 00:53:42,280 --> 00:53:47,879 delivered the service to our clients and ig media and the craziest part of all of this is that it 692 00:53:47,879 --> 00:53:52,520 is cheaper to hire an experienced contractor who speaks impeccable english from countries like south 693 00:53:52,520 --> 00:53:58,760 africa colombia brazil algeria indonesia philippines than it is to hire someone who just graduated a 694 00:53:58,760 --> 00:54:04,120 marketing university in the u.s or canada and has literally zero experience this contractor 695 00:54:04,120 --> 00:54:08,679 my contractor for example was from colombia i've hired contractors from brazil south africa 696 00:54:08,679 --> 00:54:13,959 algeria spain and a few other countries who are at a top level at their craft now the question i 697 00:54:13,959 --> 00:54:17,639 get the most is how much should you pay a contractor basically you can work different 698 00:54:17,639 --> 00:54:21,560 deals with them but the way our students structured their deals with contractors 699 00:54:21,560 --> 00:54:27,639 is they pay them $250 to $1,000 per month per client then they charge these same clients 700 00:54:27,639 --> 00:54:32,439 anywhere from $1,500 to $10,000 when this contractor i mentioned first started working 701 00:54:32,439 --> 00:54:37,239 with me he was charging me $600 per month per client and i was charging these clients anywhere 702 00:54:37,239 --> 00:54:43,239 from $3,500 to upwards of $10,000 and you can work this out depending on your client retainers 703 00:54:43,239 --> 00:54:48,120 and amount of work required to service each client now people always ask me why would they accept to 704 00:54:48,120 --> 00:54:52,199 get paid these amounts knowing how much you're charging the client and the reason is that if 705 00:54:52,199 --> 00:54:56,679 they were to work the same job in their own countries they would usually get paid five to 706 00:54:56,679 --> 00:55:02,600 ten times less usually because of the huge discrepancy in currency exchange rates so this 707 00:55:02,600 --> 00:55:07,719 is a huge amount of money to them and usually the best contractors don't want to be business owners 708 00:55:07,719 --> 00:55:12,520 and have to deal with sales and management all they want to do is just focus on their craft 709 00:55:12,520 --> 00:55:17,000 and get paid for doing that now if you don't know where to find these type of people 710 00:55:17,000 --> 00:55:21,879 the best place is on facebook groups related to the service you offer you can just create a job 711 00:55:21,879 --> 00:55:26,120 post there and you're going to get a bunch of applicants you can also look on linkedin upwork 712 00:55:26,120 --> 00:55:31,399 and other business oriented social platforms again inside of agency accelerator we have a 40 713 00:55:31,399 --> 00:55:36,439 something minute long class that covers all of the ins and outs of contractor arbitrage 714 00:55:36,439 --> 00:55:42,120 in excruciating detail all right so i covered a lot in this module and it's literally all the 715 00:55:42,120 --> 00:55:45,959 content you need to get started with your agency inside of the next modules we're going to go 716 00:55:45,959 --> 00:55:50,520 deeper into each one of these concepts that i presented to you today and show you how to put 717 00:55:50,520 --> 00:55:54,760 everything in place so something wasn't super clear for you don't worry about it this is just 718 00:55:54,760 --> 00:55:59,719 a high level overview and we're still going to go a lot deeper with that being said i want you to 719 00:55:59,719 --> 00:56:05,080 start executing right away you already know what to do you already have the six-step action plan 720 00:56:05,080 --> 00:56:10,280 so the only thing between you and your first paying client is putting in the work execution 721 00:56:10,280 --> 00:56:16,120 so don't wait until phase six of agency accelerator to start taking action start taking action right 722 00:56:16,120 --> 00:56:20,199 now the earlier you do so the earlier you're going to start signing your first client and 723 00:56:20,199 --> 00:56:27,000 just remember as always i'm watching from afar and i'm rooting for you so that was the very first 724 00:56:27,000 --> 00:56:32,040 class from this week's event and you have one task to complete until episode two goes live on 725 00:56:32,040 --> 00:56:36,840 wednesday which is to start taking action my promise for this event was to show you how to 726 00:56:36,840 --> 00:56:42,439 sign your first client and i just did now it's time for you to do your part you now have the 727 00:56:42,439 --> 00:56:46,360 six-step action plan to sign your first paying client but you're only going to get a client 728 00:56:46,360 --> 00:56:51,080 if you put in the work and start outreaching and i can't do that for you so if you want to 729 00:56:51,080 --> 00:56:55,320 finish this event with a paying client it's time to do the work and don't forget to post on your 730 00:56:55,320 --> 00:56:59,399 stories tagging me with you putting in the work and reaching out to potential clients i'm going 731 00:56:59,399 --> 00:57:04,840 to personally be reposting some of your stories again our second episode goes live on wednesday 732 00:57:04,840 --> 00:57:10,600 and it is a must that you watch it live so make sure to join the telegram group in the description 733 00:57:10,600 --> 00:57:14,679 and that way you have access to all of the downloadable files for each episode and with 734 00:57:14,679 --> 00:57:19,719 that being said i will see you on wednesday 93228

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