Introduction
We are entering a new era where everything is changing – the way we buy, the way we work, and the way we live. This new era is also changing the way people do business. Experts are calling it the new arbitrage economy. In this new economy, there are young entrepreneurs in their twenties who are taking advantage of it to earn as much as doctors, without any previous work experience. In this blog, I will show you how you can harness the power of the new arbitrage economy to start your own business with minimal startup capital.
Table of Contents
The Ideal Business Model for Beginners
When it comes to starting an online business, many people make the mistake of choosing business models that are not beginner-friendly. They try dropshipping, Amazon FBA, affiliate marketing, or info products without realizing that these models can be challenging and require significant investment of time and money. To succeed as a beginner, it is essential to choose a business model that is realistic and attainable. After evaluating various business models based on metrics such as unitary gain, startup capital, profit margins, demand, fulfillment, and deal type, one business model stands out as the ideal choice for beginners – selling ROI marketing services for small businesses.
Why ROI Marketing Services?
Selling ROI marketing services for small businesses is a beginner-friendly business model for several reasons. Firstly, it requires only a handful of sales to reach a monthly income of $10,000, making it a realistic and achievable goal. Secondly, the startup capital required is minimal, as all you need is a business email to get started. Thirdly, the profit margins can be as high as 97%, allowing you to keep a significant portion of your revenue. Additionally, there is a high demand for marketing services, as businesses are increasingly moving online. Finally, the deal type is recurring, meaning you get paid every month, providing a steady income stream.
The Power of Contractor Arbitrage
To deliver ROI marketing services, you don’t need to do the work yourself. Instead, you can hire experienced contractors to fulfill the services for you. This is known as contractor arbitrage, and it allows you to scale your business without the risks and costs associated with traditional employment relationships. By hiring contractors on a per-service basis, you only pay them once you have been paid by your clients, eliminating cash flow issues. Additionally, hiring contractors from countries with lower labor costs allows you to provide high-quality services at a fraction of the cost. This win-win situation benefits both you and the contractors.
The Four Steps to a $10,000 a Month Agency
Now that you understand the power of selling ROI marketing services and leveraging contractor arbitrage, let’s dive into the four-step process to start your own agency:
Step 1: Set Up
Start by choosing a name for your agency and setting up a business email. These are the only startup costs you will have. Don’t overthink the name; it’s not as important as you may think. The key is to have a professional email address that instills trust in potential clients.
Step 2: Pick a Niche and a Service
Choose a niche and a specific marketing service to offer to clients. The niche should be one that is already making at least $10,000 a month, ensuring they have the budget to pay for your services. Additionally, make sure you understand the mechanics of the niche, as this will help you communicate effectively with clients and build trust.
Step 3: Arbitrate
Hire experienced contractors to fulfill the marketing services for your clients. This allows you to scale your business without taking on the risks and costs of traditional employment. You can find contractors online, particularly in Facebook groups related to your service or niche. By hiring contractors from countries with lower labor costs, you can provide high-quality services at a fraction of the cost.
Step 4: Reach Out
Start reaching out to potential clients and presenting them with your offer. There are various outreach methods you can use, such as cold calling, cold email, video audits, LinkedIn outreach, or Instagram outreach. Choose the method that best suits your personality and start setting meetings with potential clients. Be confident in charging what you’re worth, as businesses see marketing as an investment and are willing to pay for it.
The Benefits of Joining Agency Navigator
If you want to fast-track your success in starting a $10,000 a month agency, joining Agency Navigator is your best option. Agency Navigator is a comprehensive program that provides step-by-step training, templates, tools, and a supportive community to help you build your agency from scratch. Here’s what you’ll get when you join Agency Navigator:
- Full access to the Agency Navigator program, including over 40 hours of step-by-step training covering every aspect of building an agency.
- Professionally designed website templates, template contracts and agreements, a battle-tested sales script, and high-performing ad examples.
- Access to exclusive private mastermind community where you can network with fellow agency owners, get your questions answered, and celebrate your wins.
- Real-life software and tools, including a financial planner, plan of attack scheduler and to-do list, outreach tracker, client revenue calculator, and break-even ROAS calculator.
- Weekly live Q&A calls with dedicated coaches to get expert advice and guidance.
Conclusion
The new arbitrage economy presents a unique opportunity for aspiring entrepreneurs to start their own agency and earn as much as doctors without any previous work experience. By selling ROI marketing services and leveraging contractor arbitrage, beginners can build a successful agency with minimal startup capital. Agency Navigator provides the necessary training, templates, tools, and support to help you fast-track your success. Don’t miss out on this opportunity to enter the new era of business and achieve financial freedom.