Nick Saraev Daily Update Friday, August 15
Key Money-Making Insights
AI automation agencies represent "the straightest path to wealth" by selling implementation services during the AI gold rush. Nick emphasizes mastering core tools rather than constantly learning new ones, and highlights how strategic positioning can mean the difference between saving $2,900 on salary costs versus losing $3,000 in revenue. Smart guarantee strategies can triple revenue even with a 10% refund rate, resulting in 270% business growth.
Top Money-Making Q&As
Question 1
Should I start a copywriting agency or an AI automation agency?
An AI automation agency. It's the straightest path to wealth. In a gold rush, you sell shovels. Selling AI implementation is selling the shovel. Copywriting is a skill that can be automated, making it a worse business.
Question 2
What are your thoughts on selling AI receptionists to businesses like med spas or chiropractors?
Positioning it as a timesaver is a bad move. A receptionist's main value is closing deals, not just admin. You might save $2,900 on a salary but lose $3,000 in revenue because an AI converts fewer leads than a human. You're net negative. Be careful replacing front-end functions close to revenue.
Question 3
How do you check that a person actually took action before honoring your 90-day guarantee and how do you prevent abuse?
There's no real way to ensure it isn't abused. I can usually tell if someone is bullshitting. The logic is simple: the guarantee increases top-of-funnel revenue far more than it costs in bottom-of-funnel refunds. If it triples revenue for a 10% refund rate, the business is up 270%. It's just math.