Youtube Video

Summary published at 9/24/2024

👋 Leam Watley discusses the true size of AI niches and dispels the myth that the market is saturated. If you're a beginner, this video will clarify that it's not too late to enter the AI space.

💼 Leam has been building and selling AI solutions for nearly two years through his agency, Morning Site AI, and teaches others how to do the same. He emphasizes that building AI solutions for businesses is a lucrative opportunity.

🌍 The global market for AI solutions is vast. For example, focusing on the dental industry alone, there are approximately 500,000 practices in regions like the USA, EU, UK, Australia, New Zealand, and Canada.

🦷 If we niche down to AI voice systems for small dental practices in Germany, we find around 33,000 small practices. This niche is still largely untapped, providing a significant opportunity for growth.

📈 Leam shares a hypothetical case of Sarah and Alex, who started an AI automation agency for dental practices in January 2024. They began with a €2,500 upfront fee and a €750 monthly retainer, experiencing steady growth over the year.

💰 By December, they achieved a monthly revenue of €150,000 with 109 clients on retainer. This demonstrates that even in a small niche, there is substantial potential for income.

🔍 The saturation analysis shows that even after significant outreach, they only engaged with 3.4% of the market, highlighting the vast opportunities still available.

🚀 Leam encourages viewers to consider various angles for niching down, such as industry, solution category, business location, and language. This specialization can provide a competitive advantage.

🏆 The key takeaway is that the AI niche is far from saturated. There is still ample opportunity to create and sell AI solutions, especially in localized markets. Now is the time to take action!

🎥 For more insights on entering the AI solutions market, Leam invites viewers to check out his other videos.

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