Nick Saraev Daily Update Wednesday, July 16
Key Money-Making Insights
Nick emphasizes charging proportionally to value delivered - if you solve a $10,000/month problem, charge $3,000-$5,000/month. Avoid compliance-heavy industries like healthcare as a beginner, and focus on services that solve direct money needs for clients who have budgets. He makes more money teaching than doing client work, with main revenue from communities and info products.
Top Money-Making Q&As
Question 1
I run cold email and get a 5% reply rate, but my business isn't profitable because I'm charging too little. How do I plan my AI business to hit $50k to $100k/month?
Charge more. Price your service proportional to the value you deliver. If you solve a $10,000/month money need, charge $3,000-$5,000/month. Don't take on unnecessary expenses for clients—have them pay for things like inboxes and domains. Avoid guarantees that kill your margins.
Question 2
How many and what kind of services should I offer when starting out? I don't want to overwhelm clients or seem like a non-option.
Offer services that solve direct money needs for people who have money and are willing to spend it. Start with three offers/packages. Put them in front of people, adjust based on feedback. The fear of too many or too few services is mostly in your head; just get started and iterate.
Question 3
What is the rough monthly budget I should expect after joining Maker School, considering tools and Upwork Connects?
Expect $350–$400/month if you're a total beginner. $40 for cold email, $50–$60 for mailboxes/domains, $100–$250 for Upwork Connects (depends on outreach volume), a few dollars for leads. Main variable is how much outreach you actually do.