Nick Saraev Daily Update Sunday, July 13
Key Money-Making Insights
Focus on high-leverage skills like sales, marketing, and lead generation rather than technical skills that AI will eventually replace. For those with significant debt ($50k), get a stable job first before starting an agency. Digital B2B niches with mid-to-high ticket offerings and short sales cycles provide the best revenue opportunities.
Top Money-Making Q&As
Question 1
Should I target a niche like recruitment or go broad B2B for my agency? I have 6 months to pay off $50k debt.
Get a job. Don't start a business under high pressure. Pay off debt first, then consider entrepreneurship.
Question 2
How do you handle agency revenue as a Canadian (saving, investing, paying yourself)?
American LLC passes income to Canadian corp, pays myself as employee ($120-150k/yr). Treat business account as RRSP. Invest through the corp.
Question 3
How do you pick a niche?
Digital, B2B, online presence, mid-to-high ticket, short sales cycles. Avoid niches with long cycles (like recruitment). Prefer tech or B2B solutions with recurring revenue or big upfront fees.