Nick Saraev Daily Update Wednesday, July 16
Key Money-Making Insights
Focus on charging proportionally to value delivered - if you save a business $10,000/month, charge $3,000-$5,000/month. Start with three services that solve money-based needs for clients with budgets, and expect monthly tool costs around $350-$400 as a beginner. Avoid compliance-heavy industries like healthcare when starting out, and prioritize money-making or money-saving automation services.
Top Money-Making Q&As
Question 1
How do I make my cold email/lead gen business more profitable? I'm getting leads, but not charging enough.
Charge more. Price in proportion to the value you provide. If you save a business $10,000/month, charge $3,000-$5,000/month. Avoid unnecessary liabilities—pass platform and tool costs to your client when possible. Don't undercut your margins.
Question 2
How many and what kind of services should you offer when starting out in automation or AI?
Offer services that solve money-based needs for clients who have money and are willing to spend it. Start with three offers. Don't worry about being seen as having too many or too few services. Iterate based on feedback. Focus on money-making or money-saving services.
Question 3
What is the rough monthly budget for someone joining Maker School, considering tool and outreach costs?
Expect to spend $350-$400 per month as a beginner. Main costs: $40 for cold email system, $50-$60 for mailboxes/domains, $100-$250 for Upwork connects (depends on outreach volume), a few bucks for leads. Outreach volume is the main variable.