Nick Saraev Daily Update Tuesday, September 2
Key Money-Making Insights
Nick reveals that good salespeople are severely underpaid at 4% commission when they should be earning 10-20%, meaning a $200k earner generating $5M should be making $500k-$1M annually. To reach $10 million in 10 years, you need approximately $700k in annual profit or $58k per month, which is highly achievable through an automation agency model rather than building software from scratch.
Top Money-Making Q&As
Question 1
I'm a salesperson making $200k/year but generating $5M in revenue for my company. What should I do?
You are heavily underpaid at a 4% commission. Good salespeople get 10-20%. You should be making $500k to $1M. Your best path isn't starting a business, it's finding a sales role that compensates you properly.
Question 2
I'm 17 and want to make $10-100 million in 10 years. Is an automation agency a better path than building software?
To get $10M in the bank in 10 years, you need about $700k in profit annually, or $58k/month. This is very feasible with an agency model and is a much higher probability path than building a major software product from scratch. Stick with the agency.
Question 3
Should I pivot my small communication consulting business into an AI automation business?
Yes. AI is a gold rush, and selling the shovels is the way to go. You should be part of that massive transfer of money.