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The Tai Lopez Show

#622 - REVEALED! The strategy I used to build a $100 million dollar business

The Tai Lopez Show

Tai Lopez

Business

4.86.9K Ratings

🗓️ 22 March 2023

⏱️ 13 minutes

🧾️ Download transcript

Summary

Tai reveals the simplest and fastest business to start at home.

The game has changed. Selling your knowledge requires a different approach in 2023. Tai reveals how to get started from scratch.

If you want more in-depth coaching on how to sell your knowledge, check out Tai’s Sell Your Knowledge program here: http://www.tailopez.com/sykpodcast

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

All right one of the most common questions I've gotten over the last five years is

0:04.4

Simplest quickest business to starve from home online and um selling knowledge information that the simplest. I got into info courses.

0:15.0

I don't know how many years ago.

0:18.0

Just look, the university system is a, you know, there's literally trillions of dollars spent globally on education and

0:27.3

now that's starting to fragment and so instead of people just having, you know, junior colleges, universities, community

0:36.1

colleges, people are going to just start learning online.

0:38.6

You already see it with big companies like masterclass.

0:41.4

You see all these people selling courses, and so selling your expertise is, and let me give you a specific thing.

0:50.0

So it's not, it's becoming saturated for you to just go out and sell a course for 50 bucks a month.

0:56.4

If nobody knows who you are, it's a little tricky.

0:59.4

Nowadays, just from the standpoint of, you know, you don't have a brand.

1:05.0

So what's best is launch a free or super low price course,

1:09.2

like a dollar or five dollars or ten bucks.

1:12.3

And then, um, or $5 or $10 and then build a little community and then make your money by upselling into

1:20.7

selling upgrades into live coaching.

1:24.3

And you can do two types of live coaching.

1:26.3

The most expensive you'll charge will be for 101, live like video coaching,

1:31.2

and then group, one to many so you that way if you build a hundred

1:36.8

people into a free course and you can convert 5% of them okay if 5% of them, okay, if 5 percent of them, that's just five people, come into a either group

1:47.7

or one-on-one coaching, and let's say depending on what you're teaching, you're charging anywhere

1:52.1

for group coaching to

1:53.7

one-on-one coaching of a hundred to a thousand bucks a month, you know, five customers

...

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