How to Earn $10,000 a Month on Social Media

TL;DR

To earn $10,000 a month on social media, start by sharing your knowledge and building a personal brand, then develop an email list to nurture your audience. Offer one-on-one coaching to gain experience, charge appropriately, and transition to digital programs as your business scales. This model minimizes upfront costs while maximizing potential revenue.

Transcript

I literally shared my journey of how I  went from creating free content online to now having a multimillion dollar company, the million dollar question that I  get a lot is Vanessa. How did you even [inaudible] What's up everyone. Welcome back to my channel  via best place for new coaches, content, creators, and entrepreneurs in today's  video. Let... Read More

Key Insights

• Vanessa Lau shares her journey from creating free content to building a multimillion-dollar business, emphasizing the importance of sharing knowledge online.
• She discusses three types of experts: results-based, role model, and research-based, highlighting that one doesn't need to be a results-based expert to start.
• Building an email list is crucial for maintaining audience contact and leveraging future business opportunities, as social media platforms can be unreliable.
• Vanessa recommends saying yes to opportunities, even unpaid ones, to gain experience and build confidence in working with clients.
• Starting with a service-based business model is advisable for those with limited capital, as it requires minimal setup and can be highly profitable.
• She transitioned from one-on-one coaching to a digital program, allowing her to scale and reach over 2000 clients with her Boss Graham Academy.
• Vanessa emphasizes charging appropriately for services, suggesting higher fees for one-on-one coaching to achieve financial goals with fewer clients.
• She warns against diving into creating courses too early, as success requires a proven process, social proof, and sufficient traffic.

Questions & Answers

Q: What are the three types of experts Vanessa mentions?

Vanessa mentions three types of experts: results-based experts, role model experts, and research-based experts. Results-based experts have social proof and results to show. Role model experts share their journey and experiences, while research-based experts gather and share information, often becoming a hub for knowledge.

Q: Why is building an email list important?

Building an email list is important because it allows you to maintain contact with your audience independently of social media platforms, which can be unreliable. An email list provides leverage for launching new offers or products, as you can directly communicate with your audience without competing for attention on social media feeds.

Q: How did Vanessa get her first clients?

Vanessa got her first clients by saying yes to opportunities, even when she felt imposter syndrome. She started by offering free coaching to gain experience and confidence. This approach allowed her to refine her skills and eventually charge for her services, leading to her first $10,000 month by signing paid clients.

Q: What business model does Vanessa recommend for beginners?

Vanessa recommends a service-based business model for beginners, especially those with limited capital. This model requires minimal setup costs and allows you to start making money by working directly with clients. It is a practical way to gain experience and build a foundation for future business growth.

Q: How did Vanessa transition from one-on-one coaching to a digital program?

Vanessa transitioned from one-on-one coaching to a digital program by packaging her teachings into the Boss Graham Academy. This shift allowed her to scale her business and reach over 2000 clients. By moving from one-on-one to one-to-many, she was able to expand her impact and accommodate more clients than she could with individual coaching.

Q: Why does Vanessa caution against creating courses too early?

Vanessa cautions against creating courses too early because success requires a proven process, social proof, and sufficient traffic. Without these elements, a course may not be profitable or effective. She advises starting with one-on-one coaching to build experience, gather feedback, and refine your process before scaling to a course model.

Q: What is the benefit of charging higher fees for one-on-one services?

Charging higher fees for one-on-one services allows you to achieve financial goals with fewer clients. This approach is beneficial, especially for those with a smaller audience, as it enables you to make a substantial income without needing a large client base. It also reflects the personalized attention and value you provide to clients.

Q: What resources does Vanessa offer for aspiring entrepreneurs?

Vanessa offers several resources for aspiring entrepreneurs, including an ebook outlining the top 50 lessons she learned in her first year of business, a free training on different business models, and various content planning tools. These resources provide valuable insights and guidance for those looking to monetize their content and grow their business.

Summary & Key Takeaways

• Vanessa Lau shares her journey from free content creation to building a multimillion-dollar business. She emphasizes the importance of sharing knowledge online and discusses three types of experts: results-based, role model, and research-based.

• Building an email list is crucial for maintaining audience contact and leveraging future business opportunities. Vanessa recommends saying yes to opportunities, even unpaid ones, to gain experience and build confidence in working with clients.

• Starting with a service-based business model is advisable for those with limited capital. Vanessa transitioned from one-on-one coaching to a digital program, allowing her to scale and reach over 2000 clients with her Boss Graham Academy.