A short YouTube talk (Eric Deeran) advising video-service providers to choose clients carefully: target service-based businesses with high-ticket sales (solar, roofing, med spas, chiropractors, home services) because higher client lifetime/value makes it easier to justify charging higher prices for video work and enables profitability and scaling.
The clients that you target to serve in your video business is the determining factor of whether or not you're successful. Because if you're targeting the wrong types of people, you're going to work super hard, make no money, and it's going to be a ton of stress. If you target the right types of people, then you make more money and you're able to actually scale and have more profit in the business. And so what you want to do is you want to target service based businesses that have a high margin. So people who sell something for a lot of money, so like solar companies, roofing companies, home service companies, medical companies, med spas, chiropractors, anybody who sells something for a higher ticket of amount of money. Because then what I can say is, I could say if I get you one more client with this content, would it be worth it? And if one client is $10,000, then it's a lot easier to charge $10,000 for a video rather than the coffee shop down the street that makes $5 per customer.
