I Built a $10 Million Trash Collecting Business in 36 Minutes | Summary and Q&A

556.4K views
January 20, 1970
by
Alex Hormozi
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I Built a $10 Million Trash Collecting Business in 36 Minutes

TL;DR

Learn how to start a successful trash collecting business and generate revenue by utilizing four core strategies: reaching out to personal contacts, creating and promoting free content, engaging in cold outreach, and running paid ads.

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Key Insights

  • 💨 Leveraging personal contacts is an effective way to introduce and promote your business, as people are more likely to trust recommendations from those they know.
  • 🥶 Creating and sharing free content provides value to your audience and serves as a tool for establishing credibility and attracting potential customers.
  • 🥶 Cold outreach, although more challenging, can yield positive results by directly connecting with individuals who may be interested in your services.
  • 🥺 Running paid ads can significantly expand your reach, increase brand visibility, and generate leads, but it requires careful targeting and optimization to maximize ROI.
  • 🐕‍🦺 Emphasizing the uniqueness of your service, such as reliability, timeliness, and excellent customer service, can differentiate your business in a competitive market.
  • 🥶 Offering incentives, such as free trials, discounts, or guarantees, can motivate potential customers to try your services and build trust in your brand.
  • 🤩 Consistency in creating and promoting content, as well as in outreach efforts, is key to building a strong brand presence and attracting a steady flow of customers.

Transcript

I'm going to start a $10 million trash collecting business so if you want to start a business this video is for you we're going to turn this trash Into Cash the first thing you need to do is get customers and the easiest way to do that is to talk to people you already know and the easiest way to do that is to pull up your phone look in your contact... Read More

Questions & Answers

Q: What is the first step in starting a trash collecting business?

The first step is to leverage your personal contacts by reaching out to people you already know and offering your services for free as a trial. Use their feedback and reviews to improve your service and attract more customers.

Q: How can free content help in generating customers for a trash collecting business?

By creating valuable and engaging content related to trash collection, you can attract potential customers who are looking for solutions to their trash problems. Establishing yourself as an expert and providing useful information can drive traffic, engagement, and eventually conversions.

Q: What are the benefits of engaging in cold outreach for a trash collecting business?

Cold outreach allows you to connect with individuals who may not be in your personal network. By approaching them directly, you can offer your services, address their pain points, and build trust. This method helps you expand your customer base and increase brand awareness.

Q: How can running paid ads contribute to the success of a trash collecting business?

Paid ads provide a targeted and scalable way to reach a larger audience. By designing compelling ads that highlight your unique selling points, you can grab the attention of potential customers, generate leads, and ultimately convert them into paying clients.

Summary & Key Takeaways

  • Starting a $10 million trash collecting business by offering free services to five to ten individuals in exchange for reviews and referrals.

  • Explaining the "Core 4" strategies: leveraging personal contacts, creating and posting free content, engaging in cold outreach, and running paid ads.

  • Demonstrating effective methods for reaching out to potential customers, including using personal connections, scripting conversations, and offering incentives.

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