Nick Saraev Daily Update Sunday, June 15
AI Automation Money-Making Insights
Key Money-Making Insights
Focus on building systems and optimizing product design before hiring employees to avoid costly band-aid solutions. Target podcast owners with personalized repurposing services by demonstrating value upfront with free clips. Position yourself as a business owner to business owner in sales conversations to build authority and command higher rates.
Top Money-Making Q&As
Question 1
How to bring the first employee into your business? Do you give them a salary, increment it, or do profit share bonuses? How much time do people work and when do you bring the first employee?
Hire last, not first. Focus on systems and product design to reduce workload before hiring. Hiring early is a band-aid for system problems. First hires should be affordable relative to margins. Pay flat salary plus clear, trackable bonuses. Deliverables matter more than hours worked. Manage quality, not time.
Question 2
Who should I sell podcast repurposing services to and how to approach them?
Sell to anyone with a podcast. Scrape podcast directories for leads. Pitch with personalized, free clips upfront to demonstrate value. Target a large volume for best results.
Question 3
How to reposition yourself as equal to the prospect in sales?
Learned from door-to-door sales experience. Position as business owner to business owner, not salesperson to prospect. This builds perceived authority and avoids 'dancing monkey' dynamic.