How to Make $600K a Month With Ai SaaS

WGMI Podcast
16 Sept 202497:56

TLDRIn this podcast, Daniel, who previously made $500,000 a month at 15, now 17, shares his journey to making a million dollars a month across his businesses. After Snapchat's decline, he pivoted to YouTube Shorts, where he initially made a couple thousand dollars per month. Seeing potential, he delved deeper, launching more channels and eventually co-founding Creo, an AI software company that simplifies short-form video creation. Creo's success, along with a YouTube Shorts course, now brings in around a million dollars in revenue monthly. Daniel emphasizes the importance of acting quickly on ideas and the power of influence in business growth.

Takeaways

  • ๐Ÿ˜€ Daniel, at 17 years old, has pivoted from Snapchat to YouTube Shorts and now runs multiple businesses generating around a million dollars a month in revenue.
  • ๐Ÿ’ผ After Snapchat's ad revenue declined, Daniel switched to YouTube Shorts, which initially earned a couple thousand dollars per month but grew as he expanded his channel network.
  • ๐Ÿ› ๏ธ Daniel and his partners created Creo, an AI software, to solve their problem of inefficient video editing for short-form content creation.
  • ๐Ÿ“ˆ Creo's revenue has grown from $50k in the first month to around $600k a month, with Daniel attributing this to their ability to adapt the software to industry trends and user needs.
  • ๐ŸŽ“ Daniel also runs a coaching course teaching people how to make money with YouTube Shorts, which he says complements and drives the use of Creo software.
  • ๐Ÿ”— Daniel emphasizes the importance of acting quickly on business ideas, from conception to execution, as a key factor in his success.
  • ๐ŸŒ The Creo software offers a range of features including scriptwriting, subtitles, animations, and generative AI for image creation, all aimed at enhancing short-form videos.
  • ๐Ÿ’ฌ Daniel discusses the power of affiliate marketing in driving sales for Creo, with their affiliate program contributing significantly to their revenue.
  • ๐Ÿ“Š Daniel shares his content strategy on YouTube, focusing on creating high-quality, engaging videos that tell a story and provide value to viewers.
  • ๐Ÿ’ฐ Daniel's journey illustrates the potential for significant revenue generation from short-form content creation and the smart use of AI software in business.

Q & A

  • How much revenue was Daniel making a month from his businesses at the age of 17?

    -At the age of 17, Daniel was making around a million dollars a month in revenue from all his businesses.

  • What platform did Daniel pivot to after Snapchat's ad revenue declined for him?

    -After Snapchat's ad revenue declined, Daniel pivoted to YouTube Shorts, where he started making a couple of thousand dollars per month.

  • What was the initial challenge that led Daniel and his partner to create Creo?

    -The initial challenge that led to the creation of Creo was the time-consuming process of editing short-form videos and the slow turnaround when hiring external editors.

  • What does Creo, the AI software company, specialize in?

    -Creo specializes in creating short-form videos by offering automation features for subtitles, animations, music, text captions, and more to make video creation more efficient.

  • How did Daniel's experience with Snapchat influence his approach to YouTube Shorts?

    -Daniel's experience with Snapchat, where he was making six figures a month, influenced his approach to YouTube Shorts by applying his knowledge of short-form content creation and leveraging it to grow his revenue on the new platform.

  • What is the monthly revenue that Creo, the AI software, is generating according to the podcast?

    -Creo, the AI software, is generating around $500,000 to $600,000 a month in revenue.

  • What is the YouTube portal mentioned in the podcast?

    -The YouTube portal is a program released by Daniel that teaches people how to make money with YouTube Shorts, which is a part of his broader strategy to drive sales for his software company, Creo.

  • How does Daniel's coaching course tie into his software business, Creo?

    -Daniel's coaching course teaches people how to make YouTube Shorts, which directly supports his software business, Creo, by providing users with the skills to create content that can be produced more efficiently with Creo's tools.

  • What is the significance of the 'viral engine' asset mentioned in the podcast?

    -The 'viral engine' is a newsletter asset that Daniel has built with over 800,000 subscribers, focusing on content about going viral and making money online. It serves as a marketing tool to promote his software company, Creo, and other business ventures.

  • What is Daniel's strategy for growing his personal brand on YouTube?

    -Daniel's strategy for growing his personal brand on YouTube involves creating high-quality, value-driven videos with a focus on storytelling, visual aids, and sound design to engage and retain viewers, as well as leveraging his accomplishments and personal experiences to establish authority and authenticity.

Outlines

00:00

๐Ÿš€ Entrepreneurial Leap: Teen to Millionaire

Daniel, a young entrepreneur, discusses his journey from making $500,000 a month at 15 to scaling his businesses to a million-dollar monthly revenue at 17. He pivoted from Snapchat to YouTube Shorts, leveraging short-form content creation. Daniel's experience with Snapchat's ad revenue motivated him to explore new platforms when Snapchat's profitability declined. He then co-founded Creo, a software solution designed to streamline the video editing process, which has significantly contributed to his revenue growth alongside his YouTube Shorts coaching course.

05:01

๐Ÿ“ˆ Scaling Business with YouTube Shorts and Creo

The conversation delves into Daniel's strategy for scaling his businesses, focusing on YouTube Shorts and the Creo software. He explains the monetization potential of YouTube Shorts, where he earns $250 for every million views, and contrasts it with the challenges of achieving similar views on TikTok. Daniel shares his experience in building Creo, an AI-based tool that automates video creation, including subtitles, animations, and captions, to address the time-consuming editing process. The tool has evolved to include generative AI features, enabling users to create entire videos with minimal effort.

10:02

๐Ÿ’ก Idea to Execution: The Making of Creo

Daniel and his partner Musa Li conceptualized Creo in late 2023 to address the inefficiencies they faced in editing short-form videos. Initially a scriptwriting tool, Creo has transformed into a comprehensive solution for video creation, adapting to industry trends and user demands. The software's success is attributed to its ability to generate content that aligns with viral patterns, offering users a competitive edge. Daniel emphasizes the importance of acting swiftly on ideas and the courage to execute them, which he believes distinguishes successful entrepreneurs.

15:03

๐ŸŒ Marketing Strategies: Organic Growth and Affiliate Programs

The discussion highlights Creo's organic growth and the strategic use of affiliate programs to boost sales without traditional advertising. Daniel and Musa's personal brands on YouTube and TikTok have been instrumental in promoting Creo, leveraging their expertise in short-form content creation. They have also developed a private affiliate program with select creators, which has significantly contributed to their revenue. The narrative underscores the importance of creating a product that resonates with users and empowers them to achieve their business goals.

20:04

๐Ÿ”„ Adapting to Market Trends: Continuous Improvement of Creo

Daniel shares insights on the continuous improvement of Creo, driven by user feedback and market demands. He discusses the importance of being adaptable and responsive to user needs, which has led to the introduction of new features like customizable text story themes. The focus is on enhancing user retention and satisfaction, ensuring that Creo remains a valuable tool in the competitive short-form video market.

25:06

๐ŸŽฅ The Art of YouTube Storytelling and Branding

Daniel delves into his approach to creating high-quality, engaging YouTube content. He emphasizes the importance of storytelling, using a mix of scripting and improvisation to create a narrative that captivates viewers. He also discusses the strategic use of visuals, sound design, and editing to enhance the storytelling experience. Daniel's commitment to producing content that wows and educates his audience reflects his dedication to standing out in the YouTube space.

30:07

๐Ÿ“Š Balancing Multiple Ventures: From YouTube to Software and Beyond

The conversation explores how Daniel manages his diverse business interests, including his YouTube channel, Creo, and other ventures. He discusses the importance of surrounding himself with a competent team, each member bringing unique skills and passion to their role. Daniel's approach to delegating tasks and trusting his team allows him to focus on strategic decisions while maintaining the creative control that defines his personal brand.

35:07

๐Ÿ’ผ The Power of Teamwork and Delegation in Business Growth

Daniel shares his philosophy on team building and the role it plays in the success of his businesses. He emphasizes the importance of hiring people he can not only work with professionally but also genuinely enjoys spending time with. He believes that a strong company culture, built on personal connections and mutual respect, is crucial for long-term success. Daniel's experiences in building teams for Creo and other projects have taught him valuable lessons in identifying and nurturing talent.

40:09

๐ŸŒŸ The Vision for Creo and Future Business Endeavors

Daniel outlines his vision for Creo's future and his ambitions for creating impactful businesses. He expresses his desire to build products that not only solve real problems but also have the potential to become industry standards. Daniel's focus on innovation and his belief in the power of persistence and self-belief drive his pursuit of creating businesses that leave a lasting mark in their respective markets.

Mindmap

Keywords

๐Ÿ’กAI SaaS

AI SaaS stands for Artificial Intelligence Software as a Service. It refers to the delivery of software applications that utilize artificial intelligence over the internet, typically offered on a subscription basis. In the context of the video, AI SaaS is the business model that Daniel has successfully adopted, leading to significant revenue growth. The script mentions Daniel's pivot from Snapchat to YouTube and eventually to developing AI-driven software solutions, which are offered as services to customers.

๐Ÿ’กRevenue

Revenue is the income generated from the sale of goods or services. It is a key financial metric used to measure a company's financial performance. In the video, Daniel discusses the substantial increase in his business's revenue, from $500,000 a month to around a million dollars a month, highlighting the success of his AI SaaS model and other ventures.

๐Ÿ’กPivot

To pivot in a business context means to change direction or strategy in response to changing market conditions or new opportunities. Daniel had to pivot from Snapchat to YouTube when theๅ‰่€…platform's ad revenue model became less lucrative. This keyword illustrates the importance of adaptability in business and how Daniel adjusted his strategy to capitalize on new opportunities.

๐Ÿ’กYouTube Shorts

YouTube Shorts is a feature on the YouTube platform that allows users to create and share short videos. In the script, Daniel discusses how he transitioned to creating content for YouTube Shorts after Snapchat's ad revenue model became less profitable. This move allowed him to tap into a new revenue stream and maintain his business's growth.

๐Ÿ’กRPM

RPM stands for Revenue Per Mille, a metric used in online advertising to measure the revenue an advertiser earns for every thousand impressions or views of an ad. The script mentions that Daniel's RPM on YouTube Shorts started to increase, which contributed to his decision to focus more on this platform and develop a business model around it.

๐Ÿ’กSide Hustle

A side hustle refers to a part-time job or business venture undertaken in addition to one's main job. In the video, Daniel initially treated Snapchat shows and later YouTube Shorts as side hustles. However, as his revenue from these ventures grew, they evolved into more significant business endeavors.

๐Ÿ’กCreo

Creo is the name of the AI software company that Daniel co-founded. The name is derived from the need to create a solution for the time-consuming process of editing short-form videos. Creo represents the evolution of Daniel's business from content creation to providing a tool that helps others in the same space, further expanding his revenue streams.

๐Ÿ’กAffiliate Program

An affiliate program is a type of performance-based marketing where businesses reward affiliates for each customer brought by the affiliate's own marketing efforts. In the script, Daniel mentions having a public affiliate program for Creo, where affiliates earn a percentage of sales generated through their referrals, contributing to the company's growth and marketing reach.

๐Ÿ’กEvergreen Content

Evergreen content refers to material that remains relevant and valuable over time, regardless of when it was published. Daniel discusses how YouTube Shorts can become evergreen, continuing to attract views and generate revenue long after they are published, unlike platforms like TikTok where content tends to have a shorter lifespan.

๐Ÿ’กViral Engine

Viral Engine is a newsletter asset that Daniel has created to provide insights and strategies on how to go viral with content and make money online. It serves as a marketing tool to engage with an audience interested in content creation and monetization, and it also promotes Daniel's other businesses, including Creo.

Highlights

Daniel has increased his monthly revenue to $1 million across all his businesses at the age of 17.

After Snapchat's decline, Daniel pivoted to YouTube shorts, leveraging short-form content creation.

Daniel and his partners identified a need for efficient video editing, leading to the creation of Creo, an AI software company.

Creo simplifies short-form video creation with automation features for subtitles, animations, music, and captions.

The software company's revenue grew from $50k to approximately $600k a month within six months of launching.

Daniel emphasizes the importance of acting on business ideas quickly for success.

Creo's AI features can generate entire stories, including images and voiceovers, optimizing for viral potential.

Daniel's strategy includes a coaching course teaching YouTube shorts creation, driving software sales.

Creo's success is attributed to its ability to help users make money through efficient video creation for platforms like YouTube.

The company has a lean operation, with a focus on organic growth and strategic marketing.

Daniel discusses the power of affiliate marketing in driving sales for Creo without paid ads.

He shares insights on the importance of product-market fit and how Creo addresses a clear problem in a large market.

Daniel's approach to content creation involves telling a story and using sound design to enhance the narrative.

He emphasizes the need for a clear call to action and the importance of branding in content marketing.

Daniel talks about his experience in building a personal brand and the strategy behind his YouTube content.

He shares his views on the future of his businesses, including aspirations for a $100 million exit for Creo.

Daniel discusses the importance of surrounding oneself with the right team and the value of a strong company culture.

He provides advice for developers looking to start a software company and the importance of finding the right partner with distribution capabilities.

Daniel emphasizes the significance of influence over audience size when choosing partners for business ventures.