Anyone who’s in business knows that there are ebbs and flows. There’s a cyclical nature to making money online, and Tai Lopez will be the first to admit that he’s had his fingers in a bunch of different pies. When he first got started, his go-to was Lead Generation, following Facebook and YouTube Ads. In fact, I love the ad he did in his garage. Not long after, he jumped into Social Media Marketing Advertising (SMMA). Real Estate, Crypto and Ecom soon followed. Needless to say, Tai has made millions from all these business models. So, what’s next on the horizon for Tai?
Well, Tai doesn’t disappoint and lets the cat out of the bag…
“For this year, here’s the thing, I’m gonna give ya one phrase that you have to understand. And that’s profit margin. So, the best business for you to launch? And the best one for you to scale? Is the one that has a naturally high profit margin. Say you own Walmart. They have a 1-2% profit margin. Don’t start that kinda business until you’re extremely advanced. Me, I’ve been extremely busy, but I’m seeing what people are suggesting you do on TikTok, and it’s laughable.”
“I don’t know if they just don’t know what they’re talking about,” Tai quips, “or they do but they just don’t wanna share the whole truth, but the reality is, the best thing you can do for a long time, like until you make your first $10 million in revenue, is to do an extremely high profit margin business. Okay? So what’s the enemy of a high profit margin business? Simple. Shipping. Selling a physical product. With the rise in the cost of fuel, with supply chain issues. Take it from me. You can do it and you can make money but it ain’t easy.”
So, if were not talking about physical products, what else is left? Well, Digital products of course. I mean, you can create a digital course for you own online business, sell it on the internet to millions of people and keep like 99% of the profit. Tai goes on to say, “I’ve done over 9-figures in revenue selling information online. Well over $100 million dollars. That’s the best business for most people to start. I’m serious. Think about it. If there’s a refund, you don’t have to ship anything back. If FedEx raises their rates, it doesn’t matter. If a global pandemic happens again, doesn’t matter.”
Tai doesn’t stop there… “All you have to do is figure out how to market and get customers, so, for many years, people have asked me, ‘Can you help me take what I know and turn it into a product to sell online?’ Whether it’s cooking, maybe you know a martial art, maybe you’re a parent and so you know all about parenting, or how to play guitar—whatever it is. You should package that up and sell it. And there’s websites that help you do that, like Udemy, for example, but they take a lot of the profit.”
Tai says that it’s your turn now, and wants to show you exactly how to do it. Don’t worry, if you don’t think you can teach, even if you don’t have any special skills that you think people would wan to buy, you can still make money with this. All you have to do is find someone who does have a special skill, agree to split the profits with them, and you do the rest. He’s gonna be floating a test balloon soon, taking a few people and showing them how to develop, advertise and sell a digital coaching course on the internet. Does this sound like something you could get behind?
Because if it does, Tai isn’t going to be charging much for this in the beginning, which makes it kinda like a ground-floor opportunity. He wants people to get in, be successful and provide a whole bunch of testimonials that he can use when he decides to take this thing to the next level. He wants you to join his $4 Trillion Online University which will be sorta like Masterclass.com that does more than a couple hundred million in annual revenue. Personally, I think this sounds great, but Tai might just be biting off more than he can chew, which means you might not the attention you’ll need if you jump on board.