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Navigating Wealth in the AI Revolution

May 16, 2025

The AI Revolution: Key Steps to Wealth

The following notes detail a presentation on the current AI revolution and how individuals can capitalize on this technological shift. The presentation outlines strategies to harness AI for wealth generation, focusing on industry selection, business models, customer engagement, and more.

Overview

  • AI is transforming industries by replacing teams and altering traditional search engines like Google.
  • The speaker has extensive experience in tech and has witnessed several tech booms.
  • Excitement around AI is similar to the early internet boom.

Steps to Wealth with AI

Step 1: Choose the Right Industry

  • Focus on "boring" industries as they are ripe for disruption.
  • Supply Chain: AI can assist with logistics, forecasting, and delivery optimizations.
  • Admin Services: Automation in billing, filing, and scheduling.
  • Home Services: Automate processes in industries like roofing, plumbing.
  • Legal Services: AI tools for contract analysis and legal drafting.
  • Team Training: AI tools for onboarding and information access.

Step 2: Pick a High Margin Model

  • High margins protect and sustain business growth.
  • Avoid low-margin industries like restaurants.
  • AI Services (70% gross margin): Automation and workflow setup.
  • AI Consulting (80% gross margin): Strategy and hands-on deployment.
  • AI Software (90% gross margin): Workflow solutions powered by AI.
  • AI Digital Products (95% gross margin): Scalable digital products.

Step 3: Sell to a Rich Customer

  • Target millionaires in "boring" industries.
  • Networking Hacks:
    • Attend industry-specific events.
    • Send hyper-personalized emails.
    • Offer interviews through podcasts.
    • Host meetups and founders' dinners.

Step 4: Create a High Cash Flow Offer

  • Importance of cash flow in business growth.
  • Key Components:
    • Anchor Pricing: Use higher price tiers to make others attractive.
    • Scarcity: Limit spots to create urgency.
    • Bonuses: Offer extra value that complements the main service.
    • Volume Pricing: Encourage bulk purchases for upfront cash.

Step 5: Sell Before You Build

  • Validate product demand before full development.
  • Steps to Pre-Sell AI Solutions:
    • Create prototypes (using tools like Figma, Balsamic).
    • Identify and engage early adopters.
    • Ask for advice instead of direct sales.
    • Use one conversion tool for selling.

Step 6: Build Your MVP

  • Create a Minimal Viable Product (MVP) without overspending.
  • Strategies:
    • Utilize no-code platforms for basic solutions.
    • Explore AI-powered coding platforms for complex needs.
    • Engage AI developers with clear project guidelines.

Step 7: Automate the Delivery

  • Automation is crucial for scalability and operational efficiency.
  • Areas to Automate:
    • Payment processing.
    • Account setups.
    • Client onboarding.
    • Customer support via AI knowledge bases.

Step 8: Get Greedy (Smartly)

  • Different approaches to leveraging AI for long-term wealth:
    • Sell: Short-term gains.
    • Scale: Continue growing profitable ventures.
    • Stack: Develop a portfolio of AI-driven solutions.

Conclusion

  • The AI revolution presents immense opportunities; leverage these steps to not only create wealth but also gain valuable experience in the evolving tech landscape.
  • Further resources available on the speaker's social media for templates and advanced strategies.

Full transcript