Youtube Video

Summary published at 9/18/2024

💡 I spent 8 hours with the top 10 business owners discussing money-making strategies from the last month. Here are the key takeaways:

📈 The first topic was about generating leads and converting them into customers. We discussed using a free school group to create content on platforms like YouTube and Instagram.

🔍 We emphasized the importance of organic traffic and optimizing profiles to attract more visitors. Content creation and outreach were highlighted as essential strategies.

📚 Once leads join the free group, they receive an auto DM and are directed to a classroom section with a pinned post guiding them to a course. This course is designed to indoctrinate them and encourage booking a call.

💬 Maintaining community value is crucial. Although some members may be inactive, they can still convert into paying customers. For instance, a community with 450 members achieved 53 sales, resulting in a 14% conversion rate.

💰 We also discussed pricing strategies. A $999 monthly fee was mentioned, and it was noted that many people are willing to pay for valuable content and community.

🔄 The conversation shifted to the importance of community culture and engagement. Fun and personality in posts can significantly increase interaction and retention.

📊 We talked about the four levers of business growth: traffic, conversion, price, and churn. Focusing on these areas can help identify where to allocate resources for maximum impact.

🤝 Building a strong team is essential. Hiring the right people who align with your vision can lead to significant growth. It's important to prioritize culture and chemistry over just skills.

🔑 In summary, focus on generating leads, optimizing your community, maintaining engagement, and building a strong team to drive growth and success.

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