LFTE 16: The three easiest ways to make 10k a month according to Tai Lopez...

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Learning From The Experts

Business


What's going on everybody, this is Coulton Woods. You are listening to "Learning From the Experts" and I'm actually gonna do another - sorry, this is another episode that I'm bringing to you from Miami. Just got done with the Growth Con - 10X Growth Con in Miami and I'm actually gonna go over the three easiest ways to make $10,000 a month according to Tai Lopez and what he taught us here at the event. So here's the deal, I know how frustrating it is as an entrepreneur to waste countless hours sifting through wannabe experts who never actually help me in the end, then to learn years later that there was an expert who really could help me 100 times faster than learning on my own. I have created this podcast to save you time and money while taking you on a journey with me as I learn from and interview real experts who can actually help you grow your business. My name is Coulton Woods and you're listening to, "Learning From The Experts". So, if you don't know who Tai Lopez is then maybe you've been living under a rock... no, I'm just kidding. He's pretty freaking huge in the social media world, he has some - yeah, he has a few different things that he sells but Tai Lopez, I totally get it, a lot of people hate him, a lot of people love him, I totally get it, he throws a lot of rocks and he's a little arrogant and can definitely come across as a little... yeah, self-centered or he's always standing by a Lamborghini or something. So, I totally get it but he - I'm actually gonna go through the three different ways to make $10,000 a month that he says are the easiest ways to make that much money a month. So, he got up... spoke at 10X Growth Con and honestly it was actually really interesting to see. He totally crushed a bunch of people's websites, talked about funnels on there and yeah, how Russell Brunson is like the funnel man, which I'm actually going to talk about Russell Brunson on the next one or maybe I'll do it for this one [laughs]. Anyway, so he got up... and I'm actually... really honestly I'm gonna make this one a little bit shorter, I'm just gonna give you guys the three easiest ways to make $10,000 a month according to Tai Lopez. He says the number one easiest way to start making $10,000 a month as an entrepreneur just honest - yeah, working your own thing is through a social media agency, honestly. And I see these things coming up everywhere. Everybody needs social media; advertising, positioning, how to grow your following, what you need to be posting, like all these different things. There are so many businesses asking for that right now and there are so many people taking them up and charging like literally $2,500 just to do their services and then that's not counting you know, the ad spend or anything. So, if you get four people or four businesses running for you, that's $10,000 a month, you've got your own agency running and you're just helping them with you know, ads and grow on their following, not bad at all. So, that is a very easy way to do it, I've seen lots of people be successful in it and if you know how to grow it right or manage people or get virtual assistants that actually know what they're doing, you can even scale that pretty far actually. So, that is the number one way according to Tai Lopez of how to make $10,000 a month, easy. The second one is actually through Airbnb which I thought was really surprising. I did not expect that to happen but he... I was not expecting him to say that. When he said people are making a ton of money right now by literally going to rich areas or rich people and that have bigger houses and saying "hey, I can put your house on Airbnb and I'll charge you a flat rate of you know, fifteen hundred bucks a month to rent it out or fifty percent of whatever we make on it", because a lot of times there're... other people have houses and they're not staying in them all the time right? They have multiple houses, so they rent out the house on Airbnb and he'll come in there, he'll say "hey, I want to help you get your house on Airbnb and I take this fee" or whatever maybe and you don't have to own any real estate, you don't have to put any capital into it, you don't have to do - like you don't have to put anything into it yourself other than time. That's actually a really interesting idea and a pretty easy one at that like you could start doing that pretty quickly and if you know how to do any kind of ads, even you can find people, you could do ads to be getting people coming to you, getting leads about putting their house on Airbnb and you just take a cut and you list it and get it all done for them. Honestly that's pretty cool idea. So, that's - I mean, that's the number two way of how to easily make $10,000 a month doing your own thing. So, interesting stuff, I thought that was pretty cool. I never would have guessed that's one that he would have said. And then the third thing which these - honestly, a lot of the social media marketing or a social media agency, that's been around for a while but it's really starting to grow, it's very - it's a very growing industry right now. The Airbnb thing, that's like a totally - that's a very small part - not a very small part, that's a very small portion of people doing that right now. That's a very very open thing to be able to get into you right - you know, at this time. So, this third one is actually - I don't feel like there's a whole lot of people in this space either and it wouldn't be that hard to get into, but the third one especially with ClickFunnels, you could rock this thing so easy, just... you can make it happen pretty quick. But the third easiest way to make $10,000 a month is through an E-com Agency. So literally, you are helping people who have an E-com business, an e-commerce business, you are helping them... and I would say with funnels is the easiest way, to be able to increase their revenue. You can even have a social media company helping them grow through social media or a social media advertising company, Facebook advertising company, excuse me, and then... you can even have a funnel building company or honestly just helping them build a funnel for their E - like whatever they're selling in their e-commerce. It's interesting, E-com is so slim on their margins because they don't know how to upsell, they don't know how to offer other things on their E-com page. Shopify is actually really bad at this, like Shopify is great, like you can do this but if you add a funnel instead of doing just a Shopify page, you can literally 540% increase your revenue on an E-com business through a funnel and it's actually been proven. I know it has, you can watch - I don't know if that webinar is actually up anymore from ClickFunnels. They went through... and they actually like went through tons of funnels, tons of funnels and found out that, just by simply having an order bump, which is like on the Order Page, you say "hey, click this button right here and you'll also get this for this price", okay, so a simple order bump and then after that when they order, the first - whatever they're buying you know, if you got a shirt, they're buying a shirt and then, hey, order bump is like; "you know, buy this hat or something with it, whatever it maybe that is related to it" and then if you simply have one upsell which is just like, "hey you bought this, you can buy this now" and then another upsell which is "hey, you might also like this if you bought these",  which is not - honestly that's not pushy, that's not that - people freak out over this and they're like "oh, I don't want to sell them too much, I don't want to be pushy". Honestly you're just offering them more or something that's gonna accommodate or work with what they just bought. You're not pushing it on them; they can say no, you're just giving them the option and you - if they say no to that, you have one down-sell. So, literally it's like "oh, you didn't want that, maybe you would like this instead.", that's it, that's all you got to do, that's it and 540% increase your revenue. 540% increase in revenue! Like that's the number, that's what they've gone through and checked it out. So, instead of simply having an E-com page where they click "Yes, I want to buy this" and they're like, "okay, cool, I'm done", checkout, whatever. If you just added a funnel to that instead where they say click on, I wanna buy and then it puts them into the funnel where they are gonna buy that and they look at the Order Form and they're like "oh, maybe I'll get this too with it" then they upsell upsell down-sell. Guys, it's like... nah... anyway, I'm just trying to [laugh], just trying to get that out there. So, ClickFunnels, if you have a business, you've been selling a product, I mean you can - you can do so much with a funnel but if you have an agency helping E-com people sell, you could literally - literally like five times their business revenue with just a funnel and people would go nuts over that. So, just saying, that's the third easiest way to make $10,000 month doing your own thing and really honestly, you don't need any employees for that unless you get bigger. Like it's not that big of a thing. So, those are the three easiest ways according to Tai Lopez. Hopefully that was little bit more shortened to the point and yeah, hopefully you guys like that. Don't forget to rate and subscribe and if you have any questions, feel free to reach out. I'd love to hear from you guys, so we'll talk to y'all later. 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