Nick Saraev Daily Update Monday, August 25
Nick Saraev Daily Update - Money-Making Insights
Key Money-Making Insights
Nick emphasizes that starting an agency with zero money is brutally hard - even saving $20 makes life easier. The math on Upwork's customer acquisition cost vs. lifetime value is "insanely good" for beginners. He reveals that sponsorships could boost his annual revenue by 2-3%, but he prioritizes long-term brand trust over short-term gains.
Top Money-Making Q&As
Question 1
How can I start an agency with absolutely no money?
Get a job. Starting with zero is brutally hard. Save up a little, even $20, and your life gets easier. If you must start with nothing, use cold DMs on social media. It's free. Just need good copy. Send 20-40 a day, consistently.
Question 2
As a beginner in AI and automation who has never built anything, what's the first step to making a sale?
Go to Upwork. Land your first client ASAP, even if the pay is low for the work. The math on customer acquisition cost vs. lifetime value is insanely good. The clients there have already stated their need.
Question 3
Why don't you run ads or sponsorships on your main channel for more money?
The short-term money isn't worth the long-term damage to my brand's trust. A sponsorship might boost my annual revenue by 2-3%, but I believe it would hurt new signups for my products by more than that. It's a bad trade.