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How to Start and Scale to $10K a Month as a Growth Operator in 2024
Jul 1, 2024
How to Start and Scale to $10K a Month as a Growth Operator in 2024
Introduction
Growth operating changed the presenter's life.
Went from broke to $100,000 profit per month at age 19.
Testimonials of success stories:
Justin: $0 to $14.5K/month in 1.5 months.
James Niser: 17-year-old achieving $20K/month.
Andrea and Kyle: Reached over $20K/month.
What is Growth Operating?
Business model: Partnering with creators to launch and scale paid communities.
Applicable in various niches (fitness, nutrition, make money online, etc.).
Examples of successful communities:
Creators making over $20K/month.
Presenter’s community makes over $100K/month.
Why Partner with Creators?
Creators have the audience and attention.
Growth operators manage the backend, allowing creators to focus on content.
1% of a creator's audience typically buys into a paid community.
Example: 96K followers, sold to 2,000 people at $75/month.
Benefits of Growth Operating
Low startup costs.
Can be done from anywhere in the world.
Digital products have high profit margins.
Requires minimal maintenance once set up.
Ideal creators are educational creators with personal brands that solve a problem.
Ideal Creators to Work With
Educational creators (ex. fitness, entrepreneurship)
Personal brand creators (show their face, build trust)
Creators solving specific problems (ex. weight loss, relationships)
Finding Creators
Social media (Instagram, YouTube, TikTok, Twitter)
Free communities (Discord, Facebook groups)
School and paid communities
Creator search engines
Outreach Strategy
Effective outreach involves looking like a human.
Clear profile with a face picture, concise bio, content.
Use DM scripts:
Start with a personal approach (e.g., appreciating their content).
Introduce the idea of a paid community and discuss potential earnings.
Move to a call.
Conducting a Sales Call
Show up prepared, calm, and confident.
Use a clear framework:
Introduction, establish control.
Understand their current and desired state.
Explain how the paid community can help them reach their goals.
Price anchoring: start high, offer a deal for quick commitment.
Have a contract ready (e.g., PandaDoc).
Onboarding Creators
Schedule an onboarding call to discuss the next steps.
Cover the 12 Steps to Make Money Within 14 Days of Starting a Paid Community.
Get necessary details and access from the creator.
Begin market research.
Market Research
Understand the creator's audience.
Use tools like Fireflies and Read AI to record and analyze calls.
Create comprehensive data to tailor offers.
Creating the Offer
Use market research to design the paid community.
Summarize findings into a Master Messaging sheet and course outline.
Build out the structure of the community and content.
Building the Community (e.g., on School)
Set up the community on platforms like School.
Include discussion categories, courses, and group calls.
Add branding and descriptions.
Launching the Community
Use a video sales letter (VSL) to explain the community and offer.
Push traffic from the creator's social media to the VSL.
Utilize DM outreach to close sales.
Managing the Funnel
Use a content strategy (e.g., 7 out of 10 credible videos, 2 out of 10 trust-building, 1 out of 10 viral).
Push potential buyers to the creator's Instagram and eventually to DM for the offer.
Nurturing and Scaling
Fulfillment Diamond: Maintain community engagement through events, support, and new content.
Continue improving the community based on feedback.
Example Success Stories
Rapid scaling examples in the community:
Participants achieving $11K to $20K/month in a short period.
Potential for life-changing income.
Final Notes
Encourage subscribing and engaging with the content.
Weekly free classes for live teaching and Q&A.
Commitment to ongoing learning and adapting strategies.
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Full transcript