The Ideal Business Model for Beginners in Their 20s

📈 Following a seven-step formula can increase your chances of making $10,000 per month and provide a clear path to full-time income.

🌍 Most profitable businesses like app development or online stores require significant resources and expertise, making them unsuitable for beginners with limited funds and experience.

💼 Choosing a business model that aligns with your strengths and does not require significant investment or product development is crucial for success in the early stages.

Selling services is more profitable and easier than selling products.

Choosing the right service allows for higher pricing and organic client acquisition.

Remote work and recurring services offer scalability and consistent income.

💼 Choose a service that allows for a price point of $1000-$2500 a month, has recurrency, is remote, and offers ROI.

💼 Various services can generate consistent monthly revenue of over $10,000, such as email marketing, thumbnail design, Facebook ads, etc.

💰 Businesses are willing to pay top dollar to get more customers, creating a big opportunity for those offering these services.

🕵️‍♂️ Choosing the right niche is crucial, focusing on high-revenue businesses and those with profit margins of 40% or higher.

🏷️ Working with businesses that have a product ticket higher than $1000 ensures profitability with fewer sales.

🔍 Consider non-obvious or quirky niches, as well as businesses with big email lists or a strong online presence, to make your job easier.

💼 A service-based business only needs a select handful of clients to make a full-time income.

🔍 Creating a high-quality list of potential clients is key to successful cold outreach.

📝 A bulletproof template for cold outreach includes introducing yourself, expressing a common value, identifying an opportunity, taking pressure off the client, and showing how you can help.

💼 The process of starting a service-based business and securing clients to generate a consistent monthly income of $1,000 to $2,000 is outlined.

💰 Through efficient time management and effective outreach, it is possible to close a client within 20 hours and start earning $10,000 per month.

💸 Using invoicing software and payment processors like Stripe, you can easily charge clients, send online invoices, and receive payments.

📈 By hiring experienced contractors on a per-client basis, you can provide services to clients while minimizing risks and maximizing profits.

📌 Contractor Arbitrage allows you to hire experienced contractors and only pay them once you get a client, ensuring you never have cash flow issues.

💼 Hiring contractors from countries like South Africa, Brazil, and Colombia is more cost-effective and efficient than hiring inexperienced graduates from the US.

💰 By structuring deals with contractors, you can pay them a monthly fee per client and charge clients a higher monthly fee, resulting in high-profit margins.

💼 Paid ads are the most profitable and scalable business in your 20s, offering potential earnings of $1,000 to $10,000 per month with time and location freedom.

🌍 Having a strong community and expert coaches as a safety net is crucial for success in this business.

🎓 Agency Navigator provides a comprehensive program with a map to success, a supportive community, live coaching calls, and dedicated one-on-one coaches.

📈 Agency Navigator will be moving to a yearly subscription model soon, requiring a yearly fee on top of the existing programs and benefits.

⌛ Now is the best time to start an online agency business due to high demand, as waiting means potential clients and income will be taken by others.

💼 To start a $10,000 a month agency from scratch, access the lifetime membership to Agency Navigator and get support from our Student Success team.