How to Earn Your First $10,000 Online

How to Make $10,000 Profit a Month with an Online Business

• Today's video covers strategies to generate a profit of $10,000 a month through an online business. There is no attempt to sell a course, and the focus is on providing valuable information.

• Many existing online resources on making money are outdated, and the examples shared aim to help individuals reach their first million dollars in revenue.

• It is essential to make well-informed decisions when choosing the type of business to start in order to achieve financial success.

How to Make $10,000 Profit a Month with an Online Business

Choosing a Business to Start

• When considering starting a business, it's important to use a ranking system to assess different opportunities.

• The first criterion to consider is the initial capital required to get started. This includes the amount of investment or funds needed to launch the business.

• The second criterion is the level of technical knowledge needed. This refers to how easy or complex it is to start and operate the business, including any specialized skills or expertise required.

• The third criterion is the timeline for generating a profit. Specifically, how quickly one can expect to make a consistent monthly profit of ten thousand dollars after all expenses.

• The fourth and final criterion is the potential for scalability. This assesses how likely it is for the business to grow and expand over time.

• These criteria form a framework for evaluating business opportunities and can help in making informed decisions about which venture to pursue.

Understanding Entrepreneurship and Platform Shifts

• Entrepreneurship is like surfing, where you need to learn the skill and be prepared to catch the wave when it comes.

• Technology goes through platform shifts, starting with the desktop and moving to mobile devices and now to the cloud and AI.

• The platform shifts create new opportunities for entrepreneurs to innovate and create value in the market.

The Rise of AI in Business

• The rise of AI (artificial intelligence) is the latest technological shift impacting business operations.

• The media has been buzzing with discussions about AI and its potential impact on job displacement and business operations.

• This has created fear among founders and business owners, prompting them to seek solutions to capitalize on this trend and mitigate potential risks.

• Starting an AI automation business is touted as one of the best opportunities to capitalize on the AI trend and potentially earn ten thousand dollars.

The Power of AI in Automation Agencies

• Automation agencies, now supercharged with AI technology, have revolutionized the way businesses operate.

• With AI, the capabilities of automation agencies have expanded significantly, allowing businesses to achieve much more than before.

• For instance, a large outdoor retailer selling water sports equipment with an annual revenue of $20 million and thousands of physical visitors to their website, could greatly benefit from the launch of an AI-powered agency.

• By leveraging AI, such an agency could offer a wide range of advanced services to businesses, enabling them to enhance their operations, marketing strategies, and customer experience.

Utilizing Chatbots for Personalized Customer Experience

• Chatbots can be set up to utilize chat TPT technology, enabling them to interpret people's intent and incorporate existing databases.

• They can integrate FAQs and customer service information to provide a personalized experience on the website.

• Despite the perceived technical challenges of AI incorporation, there are user-friendly tools available, such as Botpress and Stack AI.

• These tools make it easier for businesses to implement chatbots and enhance the overall customer experience.

Conclusion:

In conclusion, making $10,000 a month with an online business requires informed decision-making and effective strategies. Taking advantage of technological shifts and AI automation can greatly contribute to achieving this goal.