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00:00 do about a million dollars a year, [music] just myself. These are low-effort, low-cost, low-risk startups that you can just spin up a website tomorrow and then you're set, [music] right? Which is a huge opportunity right now because AI is so dang good that you could take [music] something like that and scale it to the moon and back. Everyone needs it.
00:17 Usually you get instant customers with [music] it and it's totally free. On a Friday I had the idea, on a Saturday I built the thing, on a Sunday [music] I launched it on Product Hunt, and on Monday my life was It's not not ever the same. Did you have an audience then? No, no audience. No Nothing. [music] I was completely anonymous. Nope. Nope. I think it was about $10,000 the first day it was cited income for me.
00:38 I held my full-time job until [music] I was making 80,000 a month and then I quit. >> 80,000 Oh, crap. Yeah, and I was making 75,000 a year at the other job. I kept the full-time job for 4 years [music] while running DesignJoy. So, you were making more per month in profit than you were per year from your full-time job. I I [music] was. Yes, I was. Yeah.
00:59 Oh my gosh. What is your net profit per month? I think the peak was 200,000 a month, but it usually averages [music] somewhere in the 60 to 80,000 a month. It's probably about 1,000 a month in expenses. Oh my gosh. That's wild. What productized agencies right [music] now you see out there in the world that are very successful that other people could copy?
01:18 Yeah, is it okay if I give two? Oh, I want as many as you got. >> Okay, I think there's two primary ones right now. Meet Brett. He's making about 80 grand a month in net profit all by himself. No team, no contractors. This guy launched an agency on a Sunday and had 10 grand in recurring revenue by Monday. No audience, no followers, nothing. He was a nobody in a town of 500 in the Midwest.
01:44 Not just that, but he kept his day job for 4 years while running the business making more per month in his business than he was making per year in his day job. And today he works 30 hours a week and his clients pay him 6 grand a month before they ever talk to him. So, we're going to talk about this thing called productized services. And not just his, but other productized services that you guys can launch in all kinds of different industries.
02:06 Enjoy. One of the important things like noting like who might be watching this is like I don't want this to conversation to totally be focused around just design. These These principles and like the what I've done here can really be applied to any sort of like mainly digital skill, whether it's marketing, copywriting, you know, maybe you're running social media for a brand or something like that in small.
02:28 Like any of this stuff can be technically what I call productized, which just basically means selling it off the shelf, right? So, instead of filling out a form on a website, getting a quote, jumping on a call, having you a three or four meetings to discuss pricing and proposals and estimates and all that sort of stuff, it's just you go to the website, you buy the service, you pay for it then, and then you can consume it. So, it's really I like to call it like lowering the the TTV, which is time to value.
A productized service business: sell a standardized digital service online, with fixed purchasing and delivery instead of custom proposals and sales calls.
Offer a clearly defined digital service that customers can buy online without a custom sales process.
A standardized digital service is sold off the shelf through a website rather than through custom proposals and meetings.
Clients pay a recurring monthly amount for the standardized service.
selling it off the shelf
lowering the TTV, which is time to value