How to Build a Million-Dollar Business with SAS in 7 Days

The SAS Business Potential

• SAS, or software as a service, is a lucrative business model that offers monthly recurring revenue for providing software solutions.

• Even without coding skills, it's possible to profit from SAS by white labeling existing software and selling it to business owners.

• The goal is to secure monthly recurring revenue and have the flexibility to set price points, resulting in high-profit margins.

• The potential for this business is substantial, with the opportunity to turn it into a million-dollar venture by targeting local business owners.

• By focusing on businesses such as medical spas or chiropractic clinics, there's potential to tap into a market and offer SAS solutions for monthly software subscriptions.

The SAS Business Potential

Strategies for Building Recurring Income with Realtors

• The author began by using Apollo on their Mac to obtain a set of email addresses of Realtors, which they then verified using a bulk email checker. They also collected the phone numbers of Realtors using an AI tool called browse.ai and saved all the information on their desktop.

• To stand out from the competition and build recurring income, the author decided to offer simple lead generation services with a twist. They offered to run Facebook and Instagram ads for free, while charging a $97 per month fee for a CRM. This strategy aimed to provide value while creating a steady income stream.

• The author acknowledged that there are others charging much higher fees for similar services, leading to increased competition. By offering ad management for free and focusing on the CRM fee, they aimed to differentiate themselves and appeal to Realtors who may be considering cheaper alternatives.

• The author used a clever analogy by comparing their strategy to McDonald's, selling the burger for break-even or at a loss but making the profit on the upsell. Similarly, by offering free ad management and charging for the CRM, they aimed to create a compelling value proposition for Realtors.

Strategies for Building Recurring Income with Realtors

Key Points for CRM Fee and Lead Generation Services

• The main source of income is the monthly fee for the CRM (Customer Relationship Management) system, which offers various features for realtors.

• Realtors using the CRM with its features lead to a steady monthly recurring income, as purchasing a CRM separately would cost them at least $97 per month.

• The CRM enables realtors to call and text leads from Facebook and Instagram ads, manage appointments through the calendar feature, and provides a basic custom website, among other functions.

• Pitching the lead generation services involves offering them for free to get realtors to use the CRM, leveraging its sticky nature to ensure continued usage.

• The blogger utilized a tool called instantly.ai to send out cold emails to potential clients and create a quality email campaign with follow-ups, using a basic free Gmail account for this purpose.

Key Points for CRM Fee and Lead Generation Services

Challenges in Making Cold Calls

• The author describes the challenges faced while making cold calls to Realtors. Despite making over 60 dials in a day, there was no luck and the calls mostly ended with being hung up on.

• Although a few appointments were booked, none of the Realtors showed up, reflecting the difficulty of approaching cold leads who do not know or trust the caller.

• The author found some success with cold emails, receiving positive responses and booking four appointments. Instead of emailing back to request a call, the author immediately called the Realtor, resulting in better outcomes.

• The author now needs to prepare a presentation for the upcoming appointments to ensure conversion into customers, opting for a different approach by creating a step-by-step process instead of a traditional PowerPoint presentation.

Challenges in Making Cold Calls

The Power of Recurring Income for a Real Estate Agent

• The realtor in the article managed to overcome the common objection of 'I need to think about it' and successfully acquired two new customers, generating a total of $194 in monthly recurring income from them.

• To collect payments from the customers, the realtor utilized a feature called the SAS mode in the online payment platform, Stripe. This allowed seamless payment collection through the software.

• The realtor plans to leverage Facebook and Instagram ads, utilizing their past experience working with realtors to create effective ad copy and targeting for their new clients.

• Furthermore, the realtor emphasized the significance of recurring income from realtors, highlighting that once a realtor adopts a CRM, they are likely to continue using it long-term, akin to a vital tool in their business.

• In order to attract more clients, the realtor believes in offering valuable services for free initially in exchange for long-term recurring income, with the goal of reaching $8,333 per month to increase the valuation of their business.

The Power of Recurring Income for a Real Estate Agent

Conclusion:

The potential to build a million-dollar SAS business within 7 days by targeting local business owners is within reach. With the right strategies and a focus on recurring income, white-labeled software solutions offer a pathway to success.