145: Blueprint To Make $100K Per Month Online - #GrowYourLife

Hey everyone, thanks for listening to the Grow youw Life podcast. My name is Jeremiah Krakowski and on this podcast we talk about how you can grow in your life, in your business, to get more results and reach your goals faster. Now, in this episode, I'm going to walk you through a blueprint of how to make $100,000 per month or more in a business. A lot of people been asking me this because I said, you know, it's actually easier to make 100k a month than it is to make 10-30k a month. And I'm going to map out exactly how we've helped business owners do it, how we've done it. Application, not just theory based information that you can use, that you can apply and what I believe is the framework that everybody needs to take for this. So take some notes. If you want to become a millionaire online, this is the strategic process. We're actually not going to talk about mindset at all in this one and I think some of you are going to like that. Listen, I got a ton of episodes on mindset. I believe that if your mindset is not in order to allow you to execute on the stuff I'm going to detail here, then that's what you need to focus on. But we're going to go into just straight strategy today on this topic. All right, the first thing that you need to do if I if you're starting out social media content every single day, posting on social media videos, doing 30 second videos a minute long, doing a live video posting throughout the day, a lot of people get stuck on the nuances of that and get too confused as to what they should post. Post something as it relates to what your target customer cares about relating to what you're selling. If you don't have a product to sell, a lot of people say, Jeremiah, can you help me make some money? Well, what is your product or service that you're selling if you don't have the answer to that? I have a podcast episode where I break down the top ways to make money on the Internet that I know of that are proven that work and that can work for you. I did it at the beginning of last year. Maybe I'll do another version at the beginning of this year for you to go through that and to learn what are some business models that work on the Internet to make money. So once you identify your business model, because I think that's really going to be your phase one. And if you need help identifying that again. Episode number. Let me find which episode number this is episode number 94 and 95. January 11th and January 18th of 2021 is where I walked you through business ideas. So if you need ideas for businesses, that's where you're going to kind of want to start. And so then you start making social media content around what that target customer cares about, what that target customers problems are. Oh, and by the way, it has nothing to do with your, your, your product. By the way, I sell business coaching. Everything that I talk about has to deal with the problems and frustrations that the people that our business owners deal with. Imposter syndrome, self sabotage, discipline. I don't sell anything on those topics, but it's related to what my target customer is dealing with. And then that helps build trust and ultimately I become an authority figure, a trusted figure of information for people online. One of the fastest ways that I know to make $100,000 online is by selling information and information products. And so what you want to do is you then want to create a course. Okay? Create an online course that you can sell. And really the fastest way that you can make that kind of money is, is have a high ticket course, something that's $1,000. If that seems hard for you to think about selling a thousand dollar course, start with a $97 course, a 47, a 27, whatever you feel comfortable with, you're going to have to grow in your sales skills, your sales ability, your ability to sell, your ability to connect with people. If you want to make $10 online, you're going to have to become a better salesperson that's going to be able to sell and close deals and that's required all the way up to 100k. But what happens is once you click into understanding sales, understanding your market, it actually becomes very easy to reach that 100k level because it's just rinse and repeat on a proven process. Okay, so you create a product, you start posting social media content that's related to what the target customer of that product is dealing with. And now you've essentially established yourself by doing this consistently as somebody who is knowledgeable in the area that your course teaches. Now one of the next thing that you can do is you can offer one on one coaching with people. This is another high level thing, one on one coaching. Now you're not going to do this long term and for some of you, you may also attach a service based business to this model, to where you do services for people for a short period of time, maybe the first year or two. Okay, so think about this if you're then doing services for people, you're taking all the stuff that you teach in your course that you help people with and you're doing it for them. You're working hands on with people at a higher cost for that. So because here's the deal, if you have less customers, you charge more for higher value products. When you have hundreds of thousands of customers, you're not going to be able to serve them with services one on one coaching. So you offer this in the beginning to start to get hands on experience about what your target market needs. And that's how you would start. You start doing that and you start creating, figuring out, okay, what's a lane of product that I can start to create. You create a second product and a third product and a fourth product. As you start creating these products, you're going to find what people really are resonating with around the first year, what people really want to hear from you the most of what their real problems are. Oh, and by the way, that's probably going to be disconnected from what you think they care about. We had a client where the, the, the product that he was selling was spiritual enrichment training on worship. And we pivoted because we realized not a lot of people want to buy that. They would rather get that for free free and expect it for free. But those people, they want to learn because he's a songwriter, how to write songs and publish them. And that has actually helped generate hundreds of thousands of dollars just by him pivoting and teaching people how to write songs and how to publish them out there. Because it's a practical thing that he has experience in that he's teaching application for. But that took a little bit of time, some trial and error to discover. Listen, you're going to have to commit to trial and error. You're going to have to commit to, for at least a couple of years, things not working out, things not going how you want them to go. Okay, to learn about your market, you want to learn as much as possible about the other human beings that are on the other side of the platform, that are on the other side of social media. As you start to sell these courses, this coaching, this training, once you reach a level where you have a lot of business, you're going to double your prices on everything. And this can happen in six months, this can happen in a year. The idea is supply and demand. You're doubling your prices. If you struggle with the idea of doubling your prices, that's directly related to your mindset 100% if you struggle with that, it's because you don't believe that you're valuable enough to charge that much. And so you need to work on that area to be able to make more money. One of the biggest reasons people never make the kind of money that's possible for them is they don't believe that they are worth it to make that kind of money. And then there's people that are less talented than them, less skilled than them, making a thousand times more than they are in a similar business. My friends, you gotta cut it out and you're gonna have to grow past this self defense doubt and believe in yourself more. I believe that self esteem and the level of belief that you have in yourself and your worth is what decides how much money you make. If you feel a struggle to charge a certain amount to people, it's directly related to you not believing that you're worth that much. I truly think so. I know for a fact that I am worth what I charge and more. And there's not a question in my mind now. A couple years ago when I started, I actually struggled with some of that. I dealt with some of that self belief issues. I worked with a therapist and was reading personal development books and books to grow in my sales skills. Through this process, I want you to grow in your skill sets of what you don't know how to do, how to sell better, how to lead people better, how to communicate better, how to become more effective at what you do. Reading books every single month is a great way to do that. Whatever area that you struggle with, if it's self esteem, reading some books on that topic, if it's how to sell to people, reading books on that topic, then as you do this, now we're at phase three, right? You got your product out, you got your coaching, you raised your prices. The next phase is you launch a group model where you do group coaching. Okay? And so group coaching is the phase where you bring in a number of people at a lower cost than your one on one because you're answering the same questions to a group of people. I've gotten to the point now where I'm going to be launching a group program for the first time this next year. Because I have such common issues that people are dealing with that I can now coach a group effectively based off of coaching hundreds of people the last two years in my business and the business owners that I know that have produced businesses that make seven figures. This is the exact process that we've worked with them through. This is the exact process that we walked with them through. Some of, you know my story about working with, with my mom, she grew that from zero to multiple seven figures using this exact formula that I'm sharing with you right now. Client that we work with, the one that does the worship and then the worship songwriting, exact formula that he used, that's what I'm sharing with you right now is that. And that's how you can grow to that place. Okay, then you offer away because again, supply and demand, group coaching. People can pay you 27 bucks a month, 47amonth, 97 bucks a month to get into a group environment with you or buy the whole year in advance to learn from you, to get around you and you manage and maintain this as a group. Again, for you to learn how to lead a group of people that are paying you money, you're going to have to grow personally as a leader. You're going to have to grow in your confidence, you're going to have to grow in your ability to, to effectively lead people. Then from there what you end up offering people is you have some kind of a high ticket offering. So people, if you're really good at sales, I would start with the high ticket, 300 to 5 to $1,000 and get people into virtual events. Run a virtual event every other week or every single week, whether it be a one day event or a three day event. We'll do three day events and one day events and rotate between these two. Okay. And you run ads to get people into these events that are your target customer and then you close them on your thousand dollar product. When you do this consistently, this will get you right around that 50 to $100,000 a month range that I'm talking about. And then from there it's rinse and repeat for about another year. And you will consistently surpass $100,000 a month by doing that. Then as stuff grows, you're going to probably end up publishing a book from a lot of the content that you put out. I have a book that I'm going to publish this next year. You'll see me on Audible and Amazon with a book that I'm putting out there based off of all the stuff that I've talked about, all the stuff that I put out there once thing that I did different that I. You don't have to do, but I did it more for me than anybody else. A podcast to where I did once a week, a long form teaching for people for free. Where I put out these lessons. There's over 145 podcast episodes on the Grow youw Life podcast. You don't have to do a podcast. Honestly, I would say my podcast had probably the least amount of impact on, on my business growth, but it gave me opportunities to master my message better and I'm so thankful for that. I'm not going to continue to do the podcast because I want to bring my message to the mass audience. This podcast is probably going to turn more into a way of moving people into the higher level stuff that I do with people. For instance, if you're listening to this right now, you need some help going through this process to a hundred thousand dollars a month. We do coaching and consulting with people to help them do this. It starts at $500 an hour for hourly or $10,000 a month retainer minimum. If we're going to help you advertise and market and build your team together, okay. And so we're, we're able to work together with you to do that to help you grow and build your business. When you offer products and services and you have these higher ticket level products for the kind of the cream of the crop. So you might have a thousand or two thousand. My client Rick, he has 3,000 people in his membership, okay, 3,000 people paying a monthly fee for group coaching. And then a few hundred people go up to that higher thousand dollar level because they're ready for that level. And that's for the people that are more qualified, that are ready for that highest level of training that you offer. And that's called a value ladder. And that's one of the fastest ways as a course creator, a coach, somebody with digital products can use to grow to that level. Now if you're in a different business, e commerce, service based business, there's different ways to do this. You're going to have to essentially duplicate yourself more. If you're in a service based business in E commerce, you're going to have to scale up a product that you know is scalable. I'm not super experienced in those industries, but when it comes to the course and coaching business, I know what it takes to get to multiple tens of millions of dollars very quickly. It's not difficult for most people and it's one of the fastest ways that an individual can get started with very little skill set, with very little technical expertise. Now there's so many tools out there to help you with the technical aspects. I have a course bundle on my website. The price is actually going up on this course bundle this week. It actually did go up this week on the course bundle. But if you write me an email, I'll give you a discounted rate to it. If you listen to this podcast, write me, say, I want the discount on the course bundle, okay? And I will give you that discount where you can get all of my courses on offers on social media ads, on creating your courses. We have an upcoming social media ads course that's going to be in there and I'm building your website that's going to walk you through everything that you need to know to build and launch your own course and coaching business online. We have an upcoming free event that we're doing as well on this topic. And this, my friends, is how you can scale a business to over $100,000 a month. I believe anybody, any of you that are listening to this right now can do. So what's stopping you? What's holding you back? Answer that question. If anything, I'm talking about and you're like, I couldn't do that. Well, first off, you're thinking way too ahead of the process. You're. You put the cart before the horse. Figure out where you are in that process and focus on what do you need to do during the next 30 days to move the needle forward for you. And if you need some help and accountability in that getting a coach, having me help you walk you through that process is going to be a great fit for you. We have ended our free calls. We're no longer doing free calls with people. But if you'd like to be serious about coaching with me, you can send me a message and we can schedule a time together where you and I can talk about coaching and, and what that looks like. I've already told you, the rate starts at 500 an hour. If you're ready to make that investment, I'm ready to talk with you. Are you ready to start moving your business forward and start making 100k a month? Are you start ready to start making 10k a month, 30k a month, 50k? Let's get started. We'll talk soon. Everybody.