Codie Sanchez shows how to use AI to boost profits in unglamorous businesses like laundromats and window-cleaning services. By automating scheduling and customer service, her own businesses have seen margin jumps. The play is buying cash-flowing Main Street businesses cheap, then layering in AI for outsized returns.
Chapters
There's a way to actually use AI to make money that I haven't seen anyone talk about, and it has nothing to do with AI startups. You know, everybody's worried AI is taking their job, but I don't think anybody's talking about what happens to the person who owns the business when AI cuts their labor costs in half. I own a portfolio of businesses— laundromats, window cleaning service businesses. They're unglamorous, but they cash flow. And when we started layering in AI for scheduling, customer service operations, margins jumped up. The businesses that win the next decade won't be the ones that build AI. They'll be the ones that use it, owned by people who found the right business at the right price. Exactly why I'm obsessed on buying these now, and I'm talking about it nonstop at Main Street Millionaire Live. I'm gonna break it down in person because I think we should go and own some.