Nick Saraev Daily Update Wednesday, June 11
Nick Saraev Daily Update - Money-Making AI Insights
Key Money-Making Insights
The most profitable automation opportunities involve replacing manual tasks equivalent to 3 full-time employees, which should be priced at roughly 30% of their combined salaries as a monthly fee. Cold email platforms with AI personalization offer the best return on time investment for client acquisition. US markets generally pay more and have higher productivity expectations compared to European markets, making geographic targeting crucial for pricing strategies.
Top Money-Making Q&As
Question 1
How should I price software that automates tasks equivalent to freeing up three full-time employees?
Charge a flat monthly fee based on the average salary of those employees, roughly 30% of that cost. Avoid revenue share initially because revenue depends on many factors outside your control.
Question 2
Are there differences between the US market and places like Italy regarding automation and client willingness to pay?
Yes. US clients generally have higher labor productivity, pay more, and expect more productivity. Europe tends to be less problem and solution aware, making sales slightly harder. Pricing and cultural approach should adapt accordingly.
Question 3
What is the best return on time for cold outreach: cold emails, personalized texts, or Loom videos offering a free trial?
Best return on time is using cold email platforms combined with AI to personalize icebreakers. For early-stage businesses with less capital, prioritize effectiveness over efficiency, even if Loom videos have poorer return on time but higher intent.