I normally don't write comments; English is not my first language, so it's a bit challenging to express myself. However, I just wanted to say thank you, Nick. I've been studying and learning about AI automation, and your videos are some of the most insightful ones I've come across. I really wanted to let you know because it’s clear how committed you are to delivering high-quality content like this. I'm currently at a stage where I'm learning new things and maybe taking in a lot of information at once, which can feel a bit overwhelming, hehe. But I have a mission... to learn, get really good at it, and deliver great quality content. Thank you once again!
🎯 Key points for quick navigation: 00:00 *💼 Introduction to Automation Pricing Concepts* - Overview of personal automation revenue achievements and introduction to pricing challenges. - Mention of eight distinct pricing methods to be covered in the video. - Emphasis on selecting pricing strategies that align with project needs and client types. 01:12 *⏱️ Hourly Pricing Basics* - Introduction to hourly pricing, commonly used in small projects and high-uncertainty scopes. - Benefits: easy to understand, supported by platforms like Upwork, low-risk for clients. - Drawbacks: limits revenue potential, penalizes efficiency, lacks scalability for larger projects. 06:20 *💲 Value-Based Pricing: Cost-Saving Model* - Explanation of cost-saving pricing, where charges are a percentage of the client's operational cost savings. - Ideal for clients with significant inefficiencies or costly manual processes. - Advantages: scalable, rewards faster delivery, and incentivizes client benefits. 09:47 *📈 Revenue Uplift Pricing Strategy* - Introduction to revenue uplift pricing, charging based on projected revenue increase. - Suitable for sales and marketing automation with measurable impact on revenue. - Challenges include estimating client revenue impact and potential client budget limitations. 16:12 *📅 Per Outcome Pricing Model* - Description of per-outcome pricing, such as per-meeting fees, with payments based on achieved outcomes. - Benefits of scalability and potential for high earnings with strong performance. - Best for projects with clear, quantifiable outcomes that align with client goals. 17:49 *🎯 Per Outcome Model Insights* - Overview of per outcome pricing, especially for measurable outcomes like meetings booked. - Pros: Easier for clients to justify based on results, potential for high earnings, performance-based incentives. - Cons: Inconsistent revenue, startup costs, less client commitment without upfront payment. 21:08 *🔄 Hourly Retainer as a Stable Transition* - Explanation of transitioning to hourly retainers for ongoing work; clients prepay for a set number of hours. - Benefits: Regular monthly income, financial stability, easier to plan long-term. - Limitations: Still based on hourly work, does not fully capture the true value provided. 23:56 *📦 Deliverable-Based Retainers for Long-Term Value* - Focus on retainers based on deliverables rather than hours, providing specific services like weekly strategy calls, maintenance, and team training. - Ideal for clients valuing regular improvements and growth-oriented partnerships. - Pros: High leverage, flexible structure, scalable earnings. - Cons: Challenging for beginners as ROI is closely monitored by clients. 28:08 *🛠️ Per Asset Pricing for Scalable Deliverables* - Breakdown of per asset pricing, often used in SaaS or modular content systems where each item (e.g., article, report) is priced individually. - Works well for scalable content production, SEO, and legal documentation services. - Advantages: Low client entry cost, productizable service, highly scalable. - Drawbacks: Slower income growth, need for output tracking, reduced flexibility for high-value custom projects. 32:38 *💰 Revenue Share for High Earnings Potential* - Detailed overview of revenue-based pricing, where the provider takes a percentage of the client’s revenue generated by the service. - Effective for revenue-generating automations, often applied to front-end sales operations. - Upside: Unlimited earning potential, ideal for large earnings with strong client partnerships. - Downside: Requires high client trust, no upfront payment, challenging to manage if the provider lacks control over the entire sales process. 35:53 *🧑🔧 Percentage of Revenue Challenges for Beginners* - Explanation of how revenue-sharing models are challenging for beginners, who often lack the skills or network needed for success. - Key requirements: strong client relationships, proven skills, and trust. - Many beginners fail with this model due to inexperience, leading them to avoid it in the future. 36:46 *📏 Choosing the Right Pricing Model Based on Experience Level* - Guidance on selecting pricing models: starting with hourly, moving to value-based as skills develop, and adopting revenue-sharing once established. - Recommended approach for beginners: hourly pricing for ease and familiarity, progressing to value-based for larger returns. - Advanced practitioners can explore outcome or revenue-sharing models to maximize earnings. 38:10 *🚀 Scaling Revenue with Retainers and Subscription Models* - Strategy for professionals to scale revenue through subscription-based pricing combined with value and outcome-based models. - Highlights the importance of recurring income through retainers to avoid starting from zero each month. - Potential for high earnings by refining pricing models and automating processes for predictable revenue growth. Made with HARPA AI
Hi Nick, I really appreciate your effort here man! Just joined your skool because of this :D I've got a question though (perhaps I missed sth). In model 8 (% of revenue) who pays for the ads? Risking your time and money to set up automations is one thing but investing in the ads is whole another story I guess. Thanks
I have a question regarding the hourly based model: if you are a newbie, but certain you can deliver then how do you estimate the hourly cost so that it will not grow out of proportions for the client. Since being a newbie you cannot correctly predict the amount of hours you spend finalizing an automation. On hourly based model how much hours are reasonably payable by the client, what do you recommend?
For option 8, how do you track the results. is there a way to have certainty of the outcome so you can charge client, vs client telling you how many extra clients they got after your advertising, aka. they could lie to spend less
Love your videos, glad to see you're back! An automation tool for handling receipts would be incredibly useful! So you can upload photos of receipts to Google Drive and having dates, amounts, and tax info automatically extracted, categorized by AI, and matched in a spreadsheet. This would save hours for business owners like myself. Could something like this be created with Make? I'd love to see a video on your approach!
There is no need any specific laptop or mac book if you only use some no code tools than it's OK with some regular macbook or laptop but if you really dig into like model training tha you have think about rare machine...
Have you got any proof you can charge such a outrages prices for such simplistic automations? Record yourself having conversations with real business owners they would laugh at your face for your gimmicky unnecessary automations. Give me examples of REAL automations which can FULLY replaces employees
You think like somebody poor. Why there are privat Jets and first class flights? Only because you don't need it there are a bunch of business owners who don't have any idea of IT and happy paying few k to solve some problems and automate things😂
You must be new here. I am personally apart of his make skool community where he has real calls with potential clients going over proposals and them approving. He is probably the ONLY person that is genuine in this space and shows proof and justification. It might seem minimal but my first 3 weeks knowing Nick and being in the skool I made $1,200 just learning the skill and implementing what he said to do while skipping the unnecessary mistakes. I mean there is one guy in this space that just doesn’t seem genuine to me yet has legit proof of him making $15k on a project. He must have great sales skills because his expertise does not match Nicks by a long shot.
@@fruitEyesyou have no idea how it works in reality. I have a bunch of friends who owns small and medium businesses and nobody of them would do that and also usually the employees have different work or not enough experience in IT. But what do I know 😂😂😂
I normally don't write comments; English is not my first language, so it's a bit challenging to express myself. However, I just wanted to say thank you, Nick. I've been studying and learning about AI automation, and your videos are some of the most insightful ones I've come across. I really wanted to let you know because it’s clear how committed you are to delivering high-quality content like this.
I'm currently at a stage where I'm learning new things and maybe taking in a lot of information at once, which can feel a bit overwhelming, hehe. But I have a mission... to learn, get really good at it, and deliver great quality content. Thank you once again!
Another video with unmatched value! Thank you for your openness.
Thank you so much, Nick! Marvelous content, again!
🎯 Key points for quick navigation:
00:00 *💼 Introduction to Automation Pricing Concepts*
- Overview of personal automation revenue achievements and introduction to pricing challenges.
- Mention of eight distinct pricing methods to be covered in the video.
- Emphasis on selecting pricing strategies that align with project needs and client types.
01:12 *⏱️ Hourly Pricing Basics*
- Introduction to hourly pricing, commonly used in small projects and high-uncertainty scopes.
- Benefits: easy to understand, supported by platforms like Upwork, low-risk for clients.
- Drawbacks: limits revenue potential, penalizes efficiency, lacks scalability for larger projects.
06:20 *💲 Value-Based Pricing: Cost-Saving Model*
- Explanation of cost-saving pricing, where charges are a percentage of the client's operational cost savings.
- Ideal for clients with significant inefficiencies or costly manual processes.
- Advantages: scalable, rewards faster delivery, and incentivizes client benefits.
09:47 *📈 Revenue Uplift Pricing Strategy*
- Introduction to revenue uplift pricing, charging based on projected revenue increase.
- Suitable for sales and marketing automation with measurable impact on revenue.
- Challenges include estimating client revenue impact and potential client budget limitations.
16:12 *📅 Per Outcome Pricing Model*
- Description of per-outcome pricing, such as per-meeting fees, with payments based on achieved outcomes.
- Benefits of scalability and potential for high earnings with strong performance.
- Best for projects with clear, quantifiable outcomes that align with client goals.
17:49 *🎯 Per Outcome Model Insights*
- Overview of per outcome pricing, especially for measurable outcomes like meetings booked.
- Pros: Easier for clients to justify based on results, potential for high earnings, performance-based incentives.
- Cons: Inconsistent revenue, startup costs, less client commitment without upfront payment.
21:08 *🔄 Hourly Retainer as a Stable Transition*
- Explanation of transitioning to hourly retainers for ongoing work; clients prepay for a set number of hours.
- Benefits: Regular monthly income, financial stability, easier to plan long-term.
- Limitations: Still based on hourly work, does not fully capture the true value provided.
23:56 *📦 Deliverable-Based Retainers for Long-Term Value*
- Focus on retainers based on deliverables rather than hours, providing specific services like weekly strategy calls, maintenance, and team training.
- Ideal for clients valuing regular improvements and growth-oriented partnerships.
- Pros: High leverage, flexible structure, scalable earnings.
- Cons: Challenging for beginners as ROI is closely monitored by clients.
28:08 *🛠️ Per Asset Pricing for Scalable Deliverables*
- Breakdown of per asset pricing, often used in SaaS or modular content systems where each item (e.g., article, report) is priced individually.
- Works well for scalable content production, SEO, and legal documentation services.
- Advantages: Low client entry cost, productizable service, highly scalable.
- Drawbacks: Slower income growth, need for output tracking, reduced flexibility for high-value custom projects.
32:38 *💰 Revenue Share for High Earnings Potential*
- Detailed overview of revenue-based pricing, where the provider takes a percentage of the client’s revenue generated by the service.
- Effective for revenue-generating automations, often applied to front-end sales operations.
- Upside: Unlimited earning potential, ideal for large earnings with strong client partnerships.
- Downside: Requires high client trust, no upfront payment, challenging to manage if the provider lacks control over the entire sales process.
35:53 *🧑🔧 Percentage of Revenue Challenges for Beginners*
- Explanation of how revenue-sharing models are challenging for beginners, who often lack the skills or network needed for success.
- Key requirements: strong client relationships, proven skills, and trust.
- Many beginners fail with this model due to inexperience, leading them to avoid it in the future.
36:46 *📏 Choosing the Right Pricing Model Based on Experience Level*
- Guidance on selecting pricing models: starting with hourly, moving to value-based as skills develop, and adopting revenue-sharing once established.
- Recommended approach for beginners: hourly pricing for ease and familiarity, progressing to value-based for larger returns.
- Advanced practitioners can explore outcome or revenue-sharing models to maximize earnings.
38:10 *🚀 Scaling Revenue with Retainers and Subscription Models*
- Strategy for professionals to scale revenue through subscription-based pricing combined with value and outcome-based models.
- Highlights the importance of recurring income through retainers to avoid starting from zero each month.
- Potential for high earnings by refining pricing models and automating processes for predictable revenue growth.
Made with HARPA AI
Thank you for sharing this!
Really dropping the sauce. Great channel. For % revenue share I assume you have to trust the business for them to give you accurate sales numbers.
I’m just starting out and exactly needed this, thanks 🙂🙏🏾
Hi Nick, I really appreciate your effort here man! Just joined your skool because of this :D
I've got a question though (perhaps I missed sth). In model 8 (% of revenue) who pays for the ads? Risking your time and money to set up automations is one thing but investing in the ads is whole another story I guess.
Thanks
The most valuable video ever!
Thank you so much!
Nick is on fire lately.. if you aren't in his community.. YOU ARE MISSING OUT.. just saying..
Fn fax
could you plz tell me what he actually teach people?
I have a question regarding the hourly based model: if you are a newbie, but certain you can deliver then how do you estimate the hourly cost so that it will not grow out of proportions for the client. Since being a newbie you cannot correctly predict the amount of hours you spend finalizing an automation. On hourly based model how much hours are reasonably payable by the client, what do you recommend?
I like #6 and ofcourse #8 is the ultimate goal 🙌
Really good video. Very clear and informative. This is a hard subject for all entrepreneurs and I really appreciate it.
For option 8, how do you track the results. is there a way to have certainty of the outcome so you can charge client, vs client telling you how many extra clients they got after your advertising, aka. they could lie to spend less
Outside of the monthly subscription, are there more set up costs?
If yes, approximately how much?
Thank you sm for this free content nick im currently learning make skillset through your course on RUclips any tips?
Hey Nick! Love your videos man. Are you coming to Waves’24?
Love your videos, glad to see you're back!
An automation tool for handling receipts would be incredibly useful! So you can upload photos of receipts to Google Drive and having dates, amounts, and tax info automatically extracted, categorized by AI, and matched in a spreadsheet. This would save hours for business owners like myself. Could something like this be created with Make? I'd love to see a video on your approach!
Yeah absolutely, not complicated and definetly possible, if nick doesnt see this, I can send over a vid to u of how to do it
I built for my business and I made a video on how to build step-by-step: ruclips.net/video/J6EEWG6QKxI/видео.html
Just a question off topic. Where is that hoodie from it looks very good?
Can you please do an automation tutorial for recruitment agencies
Noob here what kind of work are businesses requesting to have automated? or rather what is commonly requested?
What MacBook or laptop and with what specs do you have ? 😊🎉
There is no need any specific laptop or mac book if you only use some no code tools than it's OK with some regular macbook or laptop but if you really dig into like model training tha you have think about rare machine...
Have you got any proof you can charge such a outrages prices for such simplistic automations? Record yourself having conversations with real business owners they would laugh at your face for your gimmicky unnecessary automations. Give me examples of REAL automations which can FULLY replaces employees
You think like somebody poor. Why there are privat Jets and first class flights? Only because you don't need it there are a bunch of business owners who don't have any idea of IT and happy paying few k to solve some problems and automate things😂
@@patrick1992 and they have bunch of employees to do it for free for them. Don't be childish grow up kid
Agreed.
You must be new here. I am personally apart of his make skool community where he has real calls with potential clients going over proposals and them approving. He is probably the ONLY person that is genuine in this space and shows proof and justification. It might seem minimal but my first 3 weeks knowing Nick and being in the skool I made $1,200 just learning the skill and implementing what he said to do while skipping the unnecessary mistakes. I mean there is one guy in this space that just doesn’t seem genuine to me yet has legit proof of him making $15k on a project. He must have great sales skills because his expertise does not match Nicks by a long shot.
@@fruitEyesyou have no idea how it works in reality. I have a bunch of friends who owns small and medium businesses and nobody of them would do that and also usually the employees have different work or not enough experience in IT. But what do I know 😂😂😂