The AI business landscape is vast and full of opportunities. As an entrepreneur, you have the chance to capitalize on the growing demand for AI services and solutions.

In this chapter, we'll explore the big picture of the AI business space. You'll learn about the different types of AI businesses that you can start, and we'll help you overcome any doubts or concerns you may have about your ability to succeed in this industry.

Specifically, we'll cover:

1. The Size of the Opportunity: The AI market is exploding, with billions of dollars in investment pouring in. We'll show you the data behind this growth and why now is the perfect time to get involved.

2. AI Business Models: From AI consulting to AI-powered SaaS, we'll introduce you to the various business models you can pursue in the AI space. This will help you identify the best fit for your skills and interests.

3. Overcoming Self-Doubt: Many aspiring AI entrepreneurs struggle with imposter syndrome and uncertainty about their abilities. We'll address these common concerns and give you the confidence to take the first step.

By the end of this chapter, you'll have a clear understanding of the AI business landscape and the immense potential it holds. You'll be primed and ready to dive into the practical steps of starting your own successful AI venture.

Starting Your AI Business

In this chapter, we will focus on actually starting your AI business. The videos in this section will help you:

• Find where to begin your journey
• Build AI skills quickly
• Choose profitable niches and pick the best one for you
• Get your first client
• Price your services
• Everything you need to get your business off the ground and go from zero to one.

The key steps covered in this chapter include:

1. Finding Your Unfair Advantage: Conduct a self-audit to uncover your past experiences, interests, connections, and relationships that can give you a unique edge.

2. Building Your Knowledge Gap: Rapidly build your expertise in AI through free resources and paid programs. Your knowledge gap is your money-maker.

3. Finding Your First Free Clients: Ease into selling AI services by starting with free clients from your warm connections. This builds confidence and momentum.

4. Scaling with Content or Ads: Transition from warm connections to consistently generating new leads through content marketing or paid advertising.

5. Building a Team: Transform your business from a high-paying job into a scalable enterprise by building out a team at the right growth stages.

By the end of this chapter, you'll have a clear roadmap to get your AI business off the ground, even if you're a complete beginner. The strategies provided will help you navigate the early stages and position yourself for long-term success in the AI space.

Scaling Your AI Business

The 5 Phases of Scaling an AI Automation Agency

Phase 1: Startup (0 to $5k/month)

• Team:
  • Non-technical founder: Freelance AI developer (revenue share)
  • Technical founder: Just you as the lead developer
• Focus:
  • Warm outreach to find your first free clients
  • Build confidence and experience gradually
• Tech Stack: Slack, Google Meet, Google Calendar, Calendly, Stripe
• Estimated Costs & Profit Margin:
  • Costs: ~$1,000/month (20% revenue share)
  • Profit Margin: ~80%

Phase 2: Early Growth ($5k to $10k/month)

• Team:
  • 1-3 freelance AI developers
  • Virtual assistant to scale warm outreach
• Focus:
  • Scale warm outreach
  • Start creating content to build authority
• Tech Stack: Add Make/Zapier, Notion
• Estimated Costs & Profit Margin:
  • Costs: ~$3,000/month (30% revenue share)
  • Profit Margin: ~70%

Phase 3: Establishment ($10k to $20k/month)

• Team:
  • Senior AI developer (full-time)
  • Junior AI developer (full-time)
  • Virtual assistant
  • Bookkeeper
• Focus:
  • Scale content production to generate consistent leads
  • Build email list for lead generation
• Tech Stack: Add Kite (email marketing)
• Estimated Costs & Profit Margin:
  • Costs: ~$14,500/month
  • Profit Margin: ~27.5%

Phase 4: Scaling ($20k to $50k/month)

• Team:
  • CTO (full-time)
  • Senior AI developer
  • 3 Junior AI developers
  • Virtual assistant
  • Fractional CFO
  • Consultant
  • CMO
  • Copywriter
  • Product/Client Relations Manager
• Focus:
  • Optimize onboarding & service delivery processes
  • Diversify offering (e.g. add consulting, education)
• Estimated Costs & Profit Margin:
  • Costs: ~$40,000/month
  • Profit Margin: ~40%

Phase 5: Expansion ($50k to $100k/month)

• Team:
  • Expanded from Phase 4
  • Adds more junior AI developers as needed
• Focus:
  • Streamline hiring & training processes
  • Diversify revenue streams (consulting, education)
• Estimated Costs & Profit Margin:
  • Costs: ~$80,000/month
  • Profit Margin: ~50%

The key to scaling an AI automation agency is:

1. Start with a narrow niche and expertise
2. Systematically build your team as you grow
3. Continuously improve your processes and offerings

By following this roadmap, you can successfully scale your AI business to 6-figures per month.

In conclusion, the easiest business to start right now is an AI automation agency. This opportunity is being highlighted by billionaires like Kevin O'Leary and Mark Cuban, who say it's the first business they would start if they were starting over.

The key reasons why this is such a great opportunity:

1. Massive Demand: Businesses, especially small and medium-sized ones, desperately need help understanding and implementing AI. There is a huge knowledge gap that needs to be filled.

2. Low Barrier to Entry: You don't need to be an AI expert or have coding skills to get started. The key is learning how to identify the best AI tools for businesses and help them implement those solutions.

3. Scalable and Profitable: AI automation agencies can generate high-ticket projects ($10k+) and scale to $100k+ per month in revenue. The profit margins are also very attractive.

4. Timing is Perfect: We are still very early in the AI revolution. Most businesses are just starting to realize the potential of AI. Getting in now allows you to become the go-to expert in your niche before the market gets saturated.

To get started, I recommend following these steps:

1. Find your unfair advantage - Identify your unique background, experience, connections, and interests that can give you an edge in a particular niche.

2. Build your AI knowledge - Use free resources like my YouTube channel and community to rapidly learn about AI tools and how to implement them for businesses.

3. Start with free clients - Offer free AI tool audits and consulting to build your skills and confidence before transitioning to paid clients.

4. Scale with content and ads - Create content to attract new leads and clients, and consider paid advertising once you have a proven offering.

5. Build a team - As you grow, hire developers, project managers, and other roles to scale your agency.

The AI revolution is here, and the window of opportunity is wide open. If you're serious about starting a profitable business, I highly encourage you to take action on this AI automation agency model. The potential is enormous.