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Start for freeChoosing the Right Business Model
The foundation of earning $10,000 monthly lies in selecting an appropriate business model. After extensive research, here are the top four business models for 2025:
1. Product Business (50-60% Gross Margin)
A product business involves finding an item that people are buying and adding a unique twist to it. The beauty of this model is that you can sell products without necessarily building, possessing, or fulfilling them yourself. This includes dropshipping, e-commerce, and micro-brands.
Key advantages:
- Easy to set up and manage
- Potential for passive income
- Scalable with the right products
2. Agency Model (60-70% Margin)
The agency model revolves around identifying customer problems, productizing your services, and delivering solutions. Examples include copywriting agencies, marketing agencies, e-commerce agencies, and AI automation agencies.
Why agencies work well:
- Relatively easy to start
- Can leverage other people's skills
- Potential for high-value clients
3. Consulting (70-80% Margins)
Consulting involves analyzing data, providing reports, and offering direction to businesses to solve their problems. This model is particularly effective if you have industry experience and expertise.
Benefits of consulting:
- High profit margins
- Leverages your existing knowledge
- Flexibility in client selection
4. Software as a Service (SaaS) (80-90% Margins)
SaaS is one of the most profitable business models, with extremely high margins. Once you build the software, you can sell it multiple times with minimal additional costs.
Advantages of SaaS:
- Recurring revenue model
- Scalable with the right product
- Potential for rapid growth
Building a Six-Figure Skill
Choosing the right business model is crucial, but it's equally important to develop high-value skills. Here are the most in-demand skills for building a six-figure income in 2025:
1. Coding
Despite initial perceptions of difficulty, coding has become more accessible than ever. With numerous online resources and AI-assisted tools, learning to code is now within reach for many.
Why coding is valuable:
- High demand across industries
- Potential for remote work
- Constantly evolving field with new opportunities
2. Video Editing
As media and personal brands continue to grow, the demand for skilled video editors is skyrocketing. This skill is accessible to people of all ages and can be learned through various online platforms.
Benefits of video editing:
- Growing demand in multiple sectors
- Can start with basic tools and improve over time
- Potential for freelance or full-time opportunities
3. Copywriting
Copywriting remains one of the most valuable skills in the digital age. Understanding how to persuade and communicate effectively through writing is a meta-skill that applies to numerous industries.
Why copywriting is essential:
- Crucial for marketing and sales
- Applicable across various mediums (web, email, social media)
- Can lead to high-paying freelance or in-house positions
4. Sales (Specifically Chat Sales)
Sales skills, particularly in the realm of chat sales, are highly lucrative. Many professionals are earning substantial incomes solely through chat-based sales techniques.
Advantages of focusing on sales:
- High earning potential
- Transferable skill across industries
- Improves overall communication abilities
5. AI Automation
AI automation is at the forefront of technological advancement. Learning how to implement and manage AI systems is a skill that will remain relevant for years to come.
Why AI automation is the future:
- Rapidly growing field
- Applicable to virtually every industry
- Potential for high-paying specialized roles
Selling Before Building
One common mistake entrepreneurs make is building products or services without validating market demand. To avoid this pitfall and increase your chances of reaching $10,000 monthly, focus on selling before building. Here's how:
1. Find Your Customers
Identify where your potential customers are and how to reach them. Ask yourself:
- Who has the problem that my product or service solves?
- Where are these people congregating (online or offline)?
- How can I effectively communicate with them?
2. Sell the Opportunity
Learn to articulate the value of your offering effectively. This involves:
- Clearly communicating the benefits of your product or service
- Demonstrating how it solves a specific problem
- Creating a compelling narrative around your offering
3. Learn to Collect Payment
Become comfortable asking for money and securing commitments. Consider:
- Requesting a 50% upfront deposit
- Offering annual payment options with discounts
- Using secure payment systems to build trust
Remember, if you haven't sold anything, you haven't truly started your entrepreneurial journey. Collecting payment is a crucial step in reaching your $10,000 monthly goal.
Automating Your Delivery
Once you've secured clients and payments, it's essential to have a system in place for efficient delivery. Here's how to automate your delivery process:
1. Simplify Your Offer
Reduce complexity by focusing on the core elements of your product or service. Ask yourself:
- What is the simplest form of my offering that still provides value?
- Are there any unnecessary features or components I can remove?
- How can I streamline the delivery process?
2. Engineer Success
Design your product or service with the end goal in mind. Consider:
- How would you structure your offering if you only got paid when the customer succeeded?
- What non-negotiable elements should be included to ensure customer success?
- How can you build momentum and quick wins into the customer experience?
3. Implement AI
Leverage artificial intelligence to streamline your workflows and improve efficiency. Look for opportunities to use AI in:
- Customer intake forms
- Support systems
- Email automation
- Payment processing
Buying Back Your Time
To scale beyond $10,000 monthly, it's crucial to optimize your time and focus on high-leverage activities. The "buyback loop" is an effective method for achieving this:
1. Audit Your Calendar
Regularly review your schedule to identify:
- High-leverage activities that only you can do
- Tasks that drain your energy but could be delegated
- Time-consuming activities with low return on investment
2. Transfer Low-Leverage Activities
Delegate tasks that don't require your specific expertise:
- Use the "camcorder method" to document processes
- Create detailed playbooks for tasks you're delegating
- Hire contractors or employees to take over these responsibilities
3. Fill Your Time with High-Value Activities
Reinvest your freed-up time in activities that drive growth:
- Focus on marketing and sales
- Develop new products or services
- Build strategic partnerships
- Improve your skills and knowledge
Conclusion: Staying the Course
Reaching $10,000 monthly income is an achievable goal with the right approach and mindset. The key is to stay focused and committed to your plan. Remember:
- Choose the right business model for your skills and goals
- Develop in-demand skills that command high rates
- Validate your ideas by selling before building
- Automate your delivery to scale efficiently
- Continuously optimize your time and focus on high-leverage activities
By following these steps and remaining dedicated to your vision, you'll be well on your way to achieving and surpassing your income goals. The journey may be challenging, but with persistence and the right strategies, success is within reach.
Remember, it's not just about doing the right things; it's about making a decision and committing to making that decision work for you. Stay focused, follow one course until successful, and you will achieve your goal of making $10,000 a month and beyond.
Article created from: https://www.youtube.com/watch?v=8akZ5Ahh6Ww
