Nick Saraev Daily Update Saturday, July 26
Key Money-Making Insights
Nick reveals that replacing your lifetime salary potential in your first year of entrepreneurship is achievable with the right approach. For AI automation services, value-based pricing can generate significant revenue - calculate the total value you create from cost savings and new revenue, then charge 30% of it. The key is taking immediate action rather than overthinking, with cold outreach campaigns sending 30 emails per day per mailbox to rapidly reach market.
Top Money-Making Q&As
Question 1
I built an AI chatbot system. How should I price it, and is getting 20 clients at $1.25k/month realistic?
20 clients is feasible but has high fixed management costs. Don't productize your price yet. Use value-based pricing: calculate the total value you create from cost savings and new revenue, then charge 30% of it.
Question 2
What are your quickfire tips for a first cold outreach campaign on Instantly?
No links, no HTML. Write informally, like a 30-second text. Buy their attention with every word. Differentiate yourself. Send 30 emails per day per mailbox. Focus on speed to market; optimize later.
Question 3
What are your thoughts on a 9-to-5 versus entrepreneurship?
Entrepreneurship is safer long-term if you have some runway. The potential upside is massive. I replaced my lifetime salary potential in my first year.