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In this episode, the host explains how to start a profitable chatbot agency that can generate recurring monthly income.
Key Points:
- Agency work allows you to make money quickly by getting clients, but requires ongoing work each month.
- Chatbot agencies are a hybrid model - easier to get clients than a SaaS, but generate recurring revenue.
- Offer free 2-week trials of your chatbot service in exchange for a testimonial. Charge $100/month after.
- Use the www.Chatstorm.AI software to easily build and train chatbots for clients.
- Install chatbot on client website and tweak based on feedback. Get video testimonial.
- Charge $500 setup fee, keep $100/month recurring revenue per client. Compounds over time.
- Learn the skills to run this business in 1 day. Rely on AI to do the heavy lifting.
- Clients want you to handle the AI complexity. Easy passive income stream.
Key Quotes:
"You can learn all the skills that you need to do it in one day, in 24 hours, and by tomorrow, you can have a new company that's up and running."
"We just built a chatbot software just for you because you guys were saying, we want to make money faster."
"If we start advertising, we start reinvesting into our business, into our marketing, and getting more and more people set up on our chatbots, we could be at $36,000 a month or more."
Action Steps:
- Sign up for www.Chatstorm.AI
- Offer free trials for testimonials
- Charge monthly fee
- Scale with marketing