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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.