Is This Advice for Making $10K/Month Actually Helpful?

In this video, Matt reacts to this young entrepreneur’s advice for growing your business. But is this information actually helpful? Or is it just a nice TikTok to watch?

There are tons of people out on social media giving business advice. Some of it is good advice, but most of it isn’t good. In this new series watch CapForge’s owner react to different advice videos. He’s an expert in all things business and has 20+ years of experience under his belt. Some of the things he reacts to might even surprise you!

Video Transcript: 

Business Advice Video: 

If you wanna be your own boss don’t know where to start this video is for you. My name is Abrakin Star and I went for making $10 an hour working at a coffee shop to over $100,000 per month and moving into my dream apartment by 22. And I’m gonna tell you the five changes I made in my business that got me there. First of all, you need to realize that the people you see online making tens of thousands of dollars per month aren’t fundamentally different from you,

they’re just a couple steps ahead of you. And if you devote just a couple months towards a specific goal you’ll be right up there, if not better. The way that I was able to hit my first $10,000 month was by focusing on the five ones which are as followed. Number one, focus on one target market. Don’t make a mistake of being everything to everyone. By honing in on one specific group you can really tailor your business solution or product offerings to meet your clients needs way more effectively. Number two, focus on one conversion strategy. What is the one way that will consistently convert prospects into clients? Is it calls emails, face-to-face, direct messages?

Figure it out, stick to it. Number three, focus on one offering that meets the most your target market. Show that you can solve their problem and the rest will follow. Number four, have one value proposition you can help differentiate your business from competitors. And provide a clear reason for customers to choose your product or service over others. Lastly, number five, lock in for one year. Spend the next year getting your marketing plan as efficient as possible. It’ll take discipline testing but it will sure as hell be worth it.

Matt’s Reaction: 

Okay, well, there’s some valid points there, but he didn’t say what his business is or how he’s doing this. So that doesn’t give us a lot to go with. But the point of focus and niche down, and you know get your marketing funnel in optimized shape so that you’re acquiring customers

at least cost, those are all good points. But say what he’s selling or what to sell or what business model he’s doing. He just showed us some nice footage of high-end penthouse type of apartment, and him working out, and hanging out at the beach. So didn’t learn a lot from that. And those tips are not very helpful from general standpoint unless you have something to 

apply them to. So that would have been super helpful to know. You know his steps for making $10,000 a month, which seems to be the magic number everybody talks about businesses that make $10,000 a month. Why not 11,000? Why not 9,000? I’d be you know but 10,000 seems to be the magic number everyone stops right at 10,000 I guess. But what is he doing? What’s the business? What is he offering? All those points were sort of left out of this video. So without that there’s not really much to talk about.