The simplest way to go from 0 to $10,000

Hey everyone! I wanted to make this quick guide that anyone can use to go from $0 to 10,000. If you like this content, you can check out more stuff like this here.First things first, I intentionally used the word “simplest” rather than “easiest”. Simple ≠ EasyLosing weight is simple but not easy. The calories to eat need to be less than the calories you burn = simple. Sacrificing the food you love and sticking to a diet = difficult.Building a business is the same thing.With that out of the way, let’s get into it.Step 1: Choose a Business ModelWith so many avenues to explore, it can be tough to land on a direction. However, focus is 100% necessary if we’re going to hit our goal.So, do you choose SaaS, eCommerce, agency, small business etc…?They all have their pros and cons, but my recommendation to build a digital product (aka info product)Digital product examples = Video Course, Template, Guide, eBook, etc…Here’s why:Fast to build - you can spin something up in a week or twoNo cost of goods/overheadYou don’t need complex sales strategies - digital products are very easy to sell.Easy to operate - there aren’t very moving piecesStep 2: Find a ProblemThe easiest way to create something valuable is to solve a problem for customers.Why? People don’t pay for products, they pay for solutions.Everyone has something valuable they can offer someone.Jot down all the things you’re good atJot down all the things you know something about that most people don’tThis is a great starting point for finding areas where you can add value.Example: I’m really good at growing social media accounts, I’m going to explore what problems people have around growing their social following.It doesn’t matter what you sell so long as it’s valuable. It could be about knitting, traveling, croquette, etc…Step 3: Create a Big MarioNow that you've got a problem and a solution, we need a nice pitch to package it all together.The framework I use to simplify this is the Big Mario Framework -In Super Mario, you always start out as Little Mario. Pretty much everything on the map can kick Little Mario’s ass. But, eventually, you find the mushroom that makes you Big Mario...Big Mario doesn’t get his ass kicked, he does the ass-kicking.Your customer = Little Mario. Your product = Mushroom. Your Value = Big Mario.Example: Twitter accounts with less than 5,000 followers (Little Mario) use the Twitter Growth Blueprint (Mushroom) to get 50,000k followers in 12 months (Your Value)Step 4: PricingWhen thinking about pricing, don’t think about COGS or even the product itself.Think about the value it creates for your customers and use that to determine its worth. This is called value-based pricing.Using the example above, how much would someone who’s trying to grow their Twitter pay to 10x their Twitter following? Spoiler - it’s a lot more than you think.Note: You could take this a step further and say the value isn’t 50,000 Twitter Followers, but it’s instant credibility, business opportunities, and the ability to open doors that were previously locked - that’s next-level marketing.This is true for most products. Don’t undersell the value you’re delivering to people.If you’re looking for an easy answer, you should sell something that’s at least worth $100.Why?Accessible to a large number of peopleIt’s priced high enough to earn you real money.The key here is that the thing you create needs to be worth $100 - you can’t be selling bull shit.Step 5: Find CustomersNow that we know who we’re targeting, the internet makes finding these people pretty easy.Here are the channels I’d use:Social Media: Twitter, Facebook Groups, LinkedIn, Insta, etc…Forums: Reddit + QuoraOnline Communities: IndieHackers, Makerpad, Slack CommunitiesPersonally, my favorite channels are Twitter (people are SO responsive to DMs), Reddit, and Facebook Groups.There’s no excuse for not finding your customers online - you just need to dig a little bit and find the right channel.Step 6: Sales StrategyEverything up to this point was the “easy” stuff - market research, creating the product, writing marketing copy, etc...Now is the time to go out and sell.The goal is to make 100 sales in 6 weeks.100 x $100 = $10,0006 weeks gives you enough space to fully test an idea but isn’t so long that you’re wasting time working on a dead-end idea.Here’s how you’re going to do that:50 outbound DMs to people who match your target customer.50 comments on other's content who are in your industry.1 high-value post on whatever platform your customers hangout on.Your goal is NOT to sell immediately.Rather, add value with your DM’s, comments, and posts with the intention of starting conversations.If you play it right, and you’re talking to the right people, those conversations will lead to an opportunity to sell after you’ve added value.Here’s the funnel: 100 Interactions (DMs/Comments) > 10 Conversations > 2-3 sales/day.There it is boys and girls. As I mentioned, this is a simple but not easy process.At the end of the day, this takes a lot of hustle and consistency.But, it’s the most effective + repeatable way that I’ve found to go from $0-10,000 for early-stage entrepreneurs.If you like this content, you can check out more stuff like this here.Note: Inspiration was drawn from this Tweet. Though I’ve added and changed things as they’ve applied to my experience. see hubwealthy.com/wealthy