Building a Company in 10 Days - Day 2 - Business Model

[00:37] Good evening, everyone. If anyone can see or hear me, I'm honestly so dark I can't see anyone, but I thought I'd log in early today just in case, to but I thought I'd log in early today just in case, to make sure you can see me.

[01:00] We tried our best today to solve the problems early, and hopefully, everything will be alright.

[01:25] Okay, we'll wait exactly two minutes, because... well, the time hasn't come yet, it hasn't come exactly for me, and at the same time, so that everyone else can log in, and even more people can join. So, how are you all doing? I'll try to make the chat show up for me too, because the chat is showing up for me

[01:38] now. I hope you're all well, and I really

[02:03] if there's a live stream or not, because the image I see of myself is idea if you can see what I see. Should we

[02:43] YouTube channel, but I feel like there's... Deli, you guys wo n't know if there's a Deli or not, only I will know. I'm ahead of you, I'm coming to you from the future.

[03:05] I'll try to do... yes, you... umm... you... umm... wait, I'll

[03:17] send a message to a friend who's watching to see if I have a Deli or not, just so you

[03:29] know that behind the scenes everything is done with love. but today, honestly, the atmosphere is much, much better than

[03:54] Okay, no problem, I mean, even if there are two Deli, it's not a problem. I'll say what I have to say and leave it to God. Okay, thank God, and peace and blessings be upon the most honorable of God's creation, peace be upon him. peace and blessings be upon the most honorable of God's creation, peace be upon him.

[04:23] want a number? I don't know. Anyway, first thing, just so we can start right away, I want everyone to write to me that you see me well and that you hear me well on all platforms. Anyone who's watching on any platform, I'm supposed to be online on about five platforms now,

[04:40] online on about five platforms now, maybe. Four things, maybe one isn't working, I don't know. I want to know if I'm live on LinkedIn or not. Okay,

[05:03] can't see me well or the sound is cutting out, that's their problem because most people are thankfully fine. Secondly, all the comments are showing up for me from YouTube

[05:15] and Facebook, but TikTok isn't showing up for me even though I'm supposed to be live on TikTok, and Instagram isn't showing up for me either, even though I'm live on it too. As for LinkedIn, we'll try to access it again as a backup because it's probably not working.

[05:36] also live on TikTok. Sorry, we have to do this check every time, guys, for the first five minutes, in solidarity with the extreme circumstances we're living solidarity with the extreme circumstances we're living in. As

[05:52] soon as someone tells me, "I really want to show you what I'm seeing, but there's no way to show you," what I'm seeing, but there's no way to show you," this streaming thing is very, very difficult, or maybe people are just this streaming thing is very, very difficult, or maybe people are just going live normally without actually streaming. I don't know.

[06:22] on Instagram, great. The only thing that's broken, unfortunately, unfortunately, unfortunately, is LinkedIn. I have no idea why. Okay, never mind, let's get straight to the

[06:35] point. It's all good with LinkedIn. Okay, now, God willing, LinkedIn. Okay, now, God willing, welcome to our second live stream, thank God. There's an idea that we're opening another online company together.

[06:50] If you don't know about it, I've decided that, God willing, in 10 days I'll open a company. So, on December 1st, God willing, I'll launch a new platform or a new company. And

[07:02] what will I build this company for you? In the live streams we do. The goal is that for exactly 10 days, each day we build a piece of the company, and that I do this in front of you. One of them is that I teach you how you can do the same thing exactly by watching my steps as I

[07:15] thing exactly by watching my steps as I implement them. Another is that I, as a person, tell you what my company will be like, God willing, and so on. This is the main goal of the whole topic, that you learn for free so that no one can come and tell me what this is.

[07:28] Why are you selling us courses that are free? Among them is that I will create a platform, God willing, and on December 1, God willing, we will launch this platform with its marketing campaign. I don’t know what. We will return, God willing, that its marketing campaign. I don’t know what. We will return, God willing, that we have made as much sales in

[07:42] we have made as much sales in this entire period so that people will be convinced if you are a person who is not convinced by this internet. He makes money and you have fears or so that you are convinced that really, by God, thank God, the world is busy if there is money and you also start implementing your company idea. Well, what

[07:56] we did yesterday was the company idea. How do I come up with a company idea? How do I make sure that this idea is come up with a company idea? How do I make sure that this idea is really a successful idea? And it is not successful. Yesterday, I was live, I was very primitive in explaining why, not because, not because. For example, we underestimate people or

[08:11] because, not because. For example, we underestimate people or something, no, just to make it as easy as we can and for that reason. The matter is really that simple. It does n't need to be overly complicated. You just need to think clearly and simply. We're not trivializing the content; the content itself is trivial, it

[08:25] not trivializing the content; the content itself is trivial, it just needs a lot of work. So, that's the first thing. Secondly, just needs a lot of work. So, that's the first thing. Secondly, you should have come up with a company idea yesterday. That's what you should have come up with. Now, let's get to the assignment. Yesterday, I fulfilled an

[08:38] obligation for people that they should have done for themselves, not for me. The goal isn't for me to do it I'm not a team; you either start a company or you don't. We'll talk about that in a start a company or you don't. We'll talk about that in a bit. We've already come up with the idea we

[08:52] developed yesterday. God willing, I have a specific system, a certain method, that generates money. This system is 100% successful, God willing, if the person implements it correctly. So, my idea is

[09:04] that I want to teach people this system, a system that generates money. 100%, that's my idea. Yesterday, there were a lot of connection problems with the live stream, and we were about 25 minutes late. We were supposed to send emails to people telling them the live

[09:20] emails to people telling them the live stream had started, but unfortunately, the tool we use to send emails— our account—got locked right then and there. It's unbelievable! Someone's eyes were on the live stream, may God protect them! Anyway, we're sorry about that. Also, please

[09:37] follow me on Instagram because I post stories about this. And yesterday, for example, we put the live stream link in my story for people who didn't see it, asking why I didn't send the link. It was truly beyond our control. So, yesterday,

[09:51] after the live stream, I posted a story saying that I'll do a gift today to make up for what happened. I swear, it wasn't meant to be. Honestly, I swear to God, I didn't intend to give away I'll do a gift today to make up for what happened. I swear, it wasn't meant to be. Honestly, I swear to God, I didn't intend to give away gifts or anything. But because of this, I thought I'd give you an extra gift. The link

[10:06] I thought I'd give you an extra gift. The link above here is Wael El-Salouki.com/24hours. above here is Wael El-Salouki.com/24hours. new platform. Of course, it's paid, so don't rush to click on the link. Let me explain quickly. You

[10:21] should have heard about it by now in the last two weeks, but we've given people the opportunity to pay and reserve their spot on the new platform, even though it hasn't been built yet. We're still building it live right now. So, to build trust and encourage people to join—since they don't

[10:38] know what it's about, and neither do we— we decided to offer a 50% discount on the platform's price. Why? Because we already know the platform's price; I know the lowest price. I'll put it on the platform at what price. The highest price is not certain, it might change, but the lowest price is fixed. I'll

[10:54] take this content anyway because I know the business concept. So, we said we'd give know the business concept. So, we said we'd give people a chance to reserve their place with a 50% discount. people a chance to reserve their place with a 50% discount. We opened 50 seats, and thankfully, the 50 seats were all

[11:07] booked in exactly 36 hours, meaning a day and a half exactly. The 50 seats were booked, and we closed the offer. I didn't return the offer; I swore it wouldn't be returned, and I didn't return it. Two days later, because many people were contacting us, we opened a new offer. The new offer was with a 35% discount on the platform price, not

[11:23] new offer was with a 35% discount on the platform price, not 50%. Why was 35% more expensive than the previous offer ? Because those who booked and booked in large numbers, meaning those who booked rushed and took the step, unfortunately, those who wanted to, should have been quicker. We opened the second offer for 25 seats, only 25 seats.

[11:39] Thank God, the 25 seats were almost gone in 24 hours. We really didn't intend to open the offer again, but due to the problems that happened yesterday, God willed that

[11:51] we, thank God, decide to open 10 seats on this link. So, if anyone is interested, just for those who are interested, if anyone is interested in booking a seat on the platform that we will launch on December 1st, there will be other advantages besides that.

[12:04] For example, you will enter the platform the day after tomorrow, most likely before we open it, and so on. There will be certain advantages. All the advantages are written in the link here. If you want to reserve your place, you are welcome, because some people also sent us emails saying they

[12:17] missed the link. Here it is, here it is. Only 10 seats, and This offer, even if the seats aren't filled, will close two hours after the live stream. So, if the live stream starts at 9:00 and ends at 10:00,

[12:29] this offer will end at 12:00 AM Egypt time. That's the idea behind the offer. I have idea behind the offer. I have

[12:45] conveyed the message, so bear witness. If you don't want to participate, don't. There's no obligation. If you do want to participate, you're welcome. Okay, so what's today's topic? Yesterday, I assigned everyone an assignment. Your assignment was to come up with a business idea. course, for example, or teaching people something, or content, or something like that. I told you to identify the problems

[12:58] your idea solves to ensure it's truly successful. So, you should have this written in your notebook: "My business idea is such and such, the problems it solves are such and such, how it solves them, and why it solves these problems." You should have this in mind. You know, we'll continue

[13:14] with what's coming next, of course. We'll continue, God willing. If you don't have this, unfortunately, try to do it tonight and add to it what we're going to do now. That's what you should have done. Now let's talk about today. Today we'll talk about something called the business model,

[13:28] or the literal translation, the business model. What is the business model? Today you have a business idea. You have a business idea. The idea itself, on its own, doesn't generate money. This idea is just something, something that exists,

[13:41] fleeting, placed there. It's just an idea. How can I turn this idea into just an idea. How can I turn this idea into something that generates money? That's the idea of ​​the business model. When we find, for example, a company looking for investment, for example, someone tells me, "I

[13:56] have a company and we want an investment of one million pounds," I ask him, "What's your business model?" When I ask him this question, what does it mean? It means I'm asking him, "Where do you make your money from?" For example, if I go to a supermarket and ask them what their business model is, they might say, "We sell

[14:09] their business model is, they might say, "We sell we also do advertising. Companies, for example, put their logo on their refrigerators and pay us to display it." So, that's

[14:24] another way they generate revenue, called a business model. If you, Wael, were to ask me what my business model is, I'd say, " Well, for example, I upload videos to YouTube, and YouTube generates revenue for me. That's a business model." But is that all? No,

[14:37] I also sell certain courses, and that generates revenue for me. That's a business model because that's how the money comes from me. That's the concept of a business model. If I have a business idea, like the one I came up with yesterday, how do I generate revenue from it? That's the idea. Business model,

[14:52] let's turn the camera. In the name of God, In the name of God, I'm so old, guys! This is really, really good. Regarding I'm so old, guys! This is really, really good. Regarding

[15:13] late or not. They might be late too, because some people are writing too, because some people are writing comments.

[15:27] me or not. I just want to know if you're with me or not. Should I continue explaining, or is there something else? That's the important thing. While I'm writing, I just want to writing, I just want to make sure you and the guys are with me and everything's okay.

[15:59] email or zero client, you're with me, mashallah. Okay, let's get to the point. Today we're here to talk about something called "I made a great look."

[16:19] I made a rock by mistake, I'm very sorry. Today we're here to talk about something called "business model." Knowing that while I'm writing this, someone wrote yesterday, I think... A comment said, "Why are you explaining in English?" We write everything in Arabic, so

[16:34] everything in Arabic, so we explain in both. Some people understand it this way, some understand it that way. Regarding the business model, we said that a business model is another way of saying how

[16:47] your idea makes money. The thing we want to talk about, which I mentioned yesterday, is talk about, which I mentioned yesterday, is actually relevant today. This thing is that actually relevant today. This thing is that any business idea is divided into...

[17:12] n't mention yesterday, but don't worry, it's not a problem that I didn't mention it yesterday. I just want you to review with me so I can make sure everyone is with me. My

[17:27] no problem. So, yesterday we said that ideas are made for three things. What are they? First thing... ideas are made for three things. What are they? First thing... someone remind me. Very good

[17:59] so we can save time. We're here to learn, so what do we want? For people to be with us like this all the time? First, a product. Someone wrote a great service.

[18:25] didn't talk about yesterday, is something called hybrid. Hybrid means diverse. What does that mean? It Hybrid means diverse. What does that mean? It means that certain companies, certain people, certain business models, and the idea is that you do several things at the same time. For

[18:39] example, like I said, a supermarket sells products, so that falls under the product category. At the same time, this supermarket sponsors and sells advertising, so it also provides a service by offering advertising. If this supermarket happens to

[18:55] teach kids how to sell, then it's also selling knowledge. So, the idea of ​​hybrid is that your idea does two things, or it could even do all three. A real-life example of this is that I, for example... What services do I offer?

[19:09] These services could be that I provide advertisements on my channel for companies that people do, and I, for example, used to work as a freelance copywriter, I used to work as a freelance writer, I used to freelance writer, I used to write for people, and I also offer courses, and I have

[19:23] several course platforms, and I offer consultations, and I offer something called mentorship. All of these fall under the umbrella of knowledge, so I am always called a hybrid. If I ever told you, guys, that I sell t-shirts or hoodies with things like Wael El-Salouki or Freelance X written on them,

[19:36] then what category have I added to the product ? Under my business idea, this is the hybrid, which is several ideas at the same time. So we have these four in front of us. The same time. So we have these four in front of us. The question is, will your idea make money

[19:50] from this one, or this one, or this one, or this one? Here, we want to break down this question into two things. First, want to break down this question into two things. First,

[20:06] from several things? Yes or no? Write to me, yes or no? If someone doesn't understand English, can a business idea make money from several things at the same

[20:20] can a business idea make money from several things at the same time, yes or no? This is the first question.

[20:46] good comments. Yes, I mean, they just appeared to me now in the daily feed. Terrible, but okay. So, you guys are all set. Now, this is the first part: Can the idea be made from money in several ways? Yes, you can make money in several ways. The second question we want to answer is: how will I make money

[21:02] with my idea? Which of these methods will I choose, or which of the several methods we mentioned? These are the two things we want to address today. Today, you'll take your idea and see how many

[21:15] ways it can make money. We'll look at the methods, and then we'll choose money. We'll look at the methods, and then we'll choose just one. The practice of people trying multiple methods doesn't work when you're just starting out. When you

[21:29] do several things?" I'll tell you why you don't. When I started, I spent 10 years When I started, I spent 10 years doing just one thing. Then I gained experience and the courage to try multiple things, but even then, I was n't doing

[21:45] well. I was still impacting several things. Something is necessary because this isn't normal. It's not normal to do several things at the same time. So, that's what we want to address today. I'll give you an want to address today. I'll give you an example so you can apply the same thing. For

[21:57] example, I want someone to write about their field or business idea that they came up with yesterday. By the way, some

[22:09] people wrote yesterday. For example, some people wrote, "I'm a freelancer in programming," and the idea was perfect. Then someone said, "I want to open an agency," and another said, "I want to open a store," and so on. So, I want someone to tell me what the idea they came up with

[22:23] someone to tell me what the idea they came up with yesterday was. Was it spare

[22:47] programming? Services? That's great. Water filters? A product? That's fine. Now, the first thing I'll focus on, because the

[22:59] whole world is talking about it today, is the idea of AI in general, the idea of ​​artificial intelligence. If my skill is artificial intelligence, the AI ​​that... He doesn't know artificial intelligence, surely you know that my skill is artificial intelligence, for example.

[23:13] So, what can I do with artificial intelligence? In the name of God, the Most Gracious, the Most Merciful, an In the name of God, the Most Gracious, the Most Merciful, an idea I can make easier is teaching. What does teaching mean? I

[23:28] easy artificial intelligence courses, I teach young people artificial intelligence. It book. What does that mean? I mean I write a book that teaches

[23:40] artificial intelligence. There's no problem, I write a book and sell the book. There's no problem. I could sell a digital product. What does that mean?

[23:54] What does "digital product" mean? What digital product can I sell here? Something called a manual. A manual means a booklet, not a book. What's in a booklet ? There are promises. I don't really know what a promise is in Arabic, to be honest. A promise is something we write to

[24:08] artificial intelligence to get an answer, an image, or whatever. So, I could create a manual on how to use GPT chat, for example, or 200 promises to use with GPT chat. These things are very common these days, so this is a digital product.

[24:24] I can also give consultations. What does consultation mean? It's advice.

[24:38] companies. I know a large company in Egypt that wants someone to give them advice on artificial intelligence to help them understand how it's built and so on. And there are also people—the same people who want to take courses—who can get advice, not a course. They can

[24:54] sit with me and understand something specific, or I can help them with something specific. And the last thing I'll specific, or I can help them with something specific. And the last thing I'll say is... Something called SAS, what does that mean? It means Software as a Service. What does that mean? It means that today when you use

[25:06] GPT chat, that's because someone built artificial intelligence. So today there are endless AI tools. You can invent an AI tool and sell it, sell it with a monthly subscription, sell it with a one-time payment, and whatever it is. Look, this is 1, 2, 3, 4, 5. And this 5 is

[25:26] Look, this is 1, 2, 3, 4, 5. And this 5 is divided into two, so we'll consider this 5 and this 6. So, from one skill or one business idea, I was able to come up with 6 business models, 6 able to come up with 6 business models, 6 different ways to make money with the exact same thing. Any

[25:41] idea in the world, we can present it in dozens of ways. And keep in mind, 6. If I sat down and brainstormed, I would explain a lot more to you. So why are these courses even offered? What's in them? It has a course that is recorded on an

[25:54] online platform, meaning that there is a course that is a digital product that is recorded and I do not do it again. There is a course that is offline, what does that mean? I mean, I go down, I book a place, I book a hall, I take the young people and give them this course. There is something called a workshop. What does that mean? So, guys, we'll meet

[26:09] for five days at a certain place. We'll travel and work together in workshops and practical sessions, and I don't know what else. This course is divided into three parts, each with its own price and format. What I'm trying to say is that you're required to put your business idea together and

[26:23] required to put your business idea together and write down everything that can make money, whether you actually do it or not. We'll do all of these things. They're not. We'll do all of these things. They're all called business models. Okay,

[26:35] guys, are you with me or not? While I'm writing the second idea, are you with me or not? A

[27:04] business idea. So write down your other ideas. We'll take one more, but we'll use this example. Then I'll tell you how we choose. Our first step is to come up with all the... Business models, the second step is choosing the best one. So, please write down the second idea. I'll take

[27:19] just one and apply the same thing we did before to it again. Of course, what I'm going to do is... Congratulations, I've done your homework, everyone. The word "store" isn't a business idea; it's

[27:31] one of the four models we mentioned. This isn't a business idea; it's an

[27:43] online store. This isn't a hospital management system idea; it's software, similar to this one, but... I don't want to take it, honestly, because it's a strong niche. Design is one of the easier things, of course. Media printing is also one of the freelance things. Okay, look, let's take... let's take

[27:59] what skill. There's something here I forgot to mention, but it's okay, no problem. Let's take a skill. What does skill mean? It's so we can respond to many people at once. What does skill mean? For

[28:11] many people at once. What does skill mean? For example, design— people who work in design, in graphic design. Photoshop designer, that's a media design skill. People who create sponsored ads on Facebook, Instagram, and

[28:24] Snapchat, that's a copywriting skill. The writing I told you about yesterday, which I was told you about yesterday, which I was working on. Editing, programming.

[28:38] Okay, any skill, any skill. Why did I choose this? Because 70 to 80% of people will always choose skills, because these are among the best things you can start any business with. So, if

[28:51] your skill is one of these or something extra, a skill offered online, let's make your business models. First, and this is what I forgot in the EI, it also applied to the EI freelancer. What does that mean? This means you can offer

[29:05] this skill yourself; individuals or companies will request it from you, and you can do it yourself. it from you, and you can do it yourself. Secondly, teaching: you can teach people about a product, programming, or design. Thirdly, content creation:

[29:20] you can upload content to YouTube and start making money from it. Fourthly, affiliate marketing: we didn't mention this in the EI, but it exists. For example, if you

[29:32] exists. For example, if you teach people video editing, and you include an affiliate link (a link to your program), then people who watch your content, learn from you, or even receive free offers from you—whatever it is—get

[29:46] this link and download the program from your link, and you earn money. You might earn $30, $50, or $100, depending on the program and the offer. So, affiliate marketing is a good option. Consulting: people might ask you for consultations. Consultations can be from

[30:02] people might ask you for consultations. Consultations can be from individuals or companies; you can give advice to both. There's can give advice to both. There's something similar to consulting called...

[30:15] We discussed courses and training. We mentioned digital courses, which We mentioned digital courses, which can be digital, offline, or workshop-based. The reason for can be digital, offline, or workshop-based. The reason for

[30:28] generate money in the world isn't as large as you might imagine. They all use the same things, but with different approaches. The business concept you mentioned earlier also applies to education. Next, there's something called digital products. For example, in design, some people

[30:44] sell ready-made templates. In In I don't know much about this, but some people sell

[30:58] can sell digital products. That's how we handle these skills. 1 2 3 4 handle these skills. 1 2 3 4 5 6 7 8 9 10 So we've come up with 10

[31:12] business models for you. If you have any of these skills, great. I'm sorry, I can't see the chat right now, but to save some time, this is the idea of ​​all the skills, whatever they may be. And by the way, the people who are into... this is the idea of ​​all the skills, whatever they may be. And by the way, the people who are into...

[31:27] quickly here. The people who want to open a store, I know that the store... and I'm telling you that the store isn't the business idea. The store is the place where we sell. The business idea is your product, that's the business idea. But business models in

[31:43] stores aren't many. Yes, I sell at the beginning and end, it's sales at the beginning and end. Your basic business model is that you sell, but stores also do but stores also do really good advertising,

[32:01] What does that mean? For example, a store like AnyorShow. AnyorShow is a local brand, if you don't know it. It's a very famous local brand that sells regular clothes. It's one of the most famous stores in Egypt. This local brand, God willing, has partnerships with international companies. For

[32:17] example, there was a company called Shahid, which produces movies and TV series. They print movies and TV series. They print T-shirts with the movie or series poster, or a quote from the series, and so on. Shahid pays AnyorShow

[32:32] to do this. So, this is a type of advertising. And the companies pay AnyorShow to do this for them. This is one way they do it. Then, in sales, there's something called B2B and something called B2C. What does that mean? It means that AnyorShow, for example,

[32:49] sell B2C, meaning individual customers. So, you go into the store and buy a regular T-shirt. B2B means business to business, so they go to a company. For example, if it has 1000 employees, or to make it easier for you, he could go to a school with 1000 students and tell the school, "I'll make t

[33:06] -shirts for you." The school would then buy 1000 t-shirts at once. This is called B2B; he's selling to the school itself, not to a specific individual. So, sales can also be divided into these two forms. There are many other ideas, like many other advertising ideas that can be implemented, and many other

[33:21] event ideas that can be done online. There's something called a know how to explain it because I'm not very knowledgeable about these things, but you might

[33:34] find, for example, that Fatties donut shop. If anyone knows it, it's a well-known brand that opens a shop in a specific location for a certain period and runs a specific advertising campaign to attract many customers at once. Ultimately, it makes money from the sales. This pop-shop is an

[33:49] advertising idea. Sales might not be the sole focus of a business, so retail businesses might have the fewest business model ideas. However, there are ideas, and these aren't the only ones; these are just the ones I have in If you do an online search, you'll find other ideas, no problem. Okay, we've discussed

[34:05] this point. One of the tasks required of you is to of the tasks required of you is to paper after we finish the live session and start coming up with all the different business models. So that's the first part. Now, the

[34:22] second question we're trying to answer is: Wael, I've come up with all the ideas, as we just did, how do I choose the right one? That's the dilemma because many people come up with ideas but choose the wrong one. Many people think there's only

[34:36] one idea and they should implement it. And of course, this idea... It's wrong, and you'll lose a lot of money. So wrong, and you'll lose a lot of money. So

[34:52] forgot what "criteria" means in Arabic, sorry. Based on these criteria, we'll decide which type to choose. This is the second point we want to discuss to conclude the topic. Okay, firstly, the

[35:05] business model should word "easy" is relative; for some, it's easy, for others. For example, let's

[35:18] some, it's easy, for others. For example, let's talk about talk about programming. For me, as Wael, it's easier to programming. For me, as Wael, it's easier to learn programming than to work as a freelancer in

[35:31] programming. So, "easy" is relative, but we're talking about something easy for talking about something easy for

[35:44] From the many business models you've come up with, look for the easiest one for you to look for the easiest one for you to offer and present it to people. That's the first criterion, the first thing we'll measure against. The second thing, and this is the most important one, is the cost.

[35:56] second thing, and this is the most important one, is the cost. Arabic? It means a

[36:11] means a small amount of capital. There are a lot of small amount of capital. There are a lot of people, for example, who want to people, for example, who want to start a dropshipping store, and they

[36:24] tell me, "But my problem is I don't have the money." Dropshipping, as a type of business, requires approximately $2,000, which is about 100,000 Egyptian pounds. If you don't have the money, there's no 100,000 Egyptian pounds. If you don't have the money, there's no magic solution. If you don't have the money, you won't start

[36:39] this business model. Today, if you told me, " My business idea is to build a My business idea is to build a nuclear power plant," I'd tell you, "Look, it's a brilliant idea, and there's a problem, and this is a brilliant solution, and people want it. Okay, how much will this nuclear power plant cost?"

[36:53] We need a billion dollars. Great! How much do you have? I have 25,000 Egyptian pounds. Great, my dear. Okay, let's move on to the next one. It's impossible, absolutely impossible, not to think about it. So, when you look

[37:07] at business models, today... If you don't have money and you want to make money, it's natural to start with the smallest amount. There are and you want to make money, it's natural to start with the smallest amount. There are other people, for example, let's take an Egyptian example instead of a foreign one, like Sawiris, for example. Sawiris is rich, God

[37:21] willing, he is rich today. So if Sawiris today gets a business idea to do something that will cost him 100 million dollars, there is no problem, why? Because he has, say, 500 million, then for him, 100 million is nothing, easy and simple. So, for certain people

[37:37] at a certain level, the cost isn't a problem, or for them, 100 million is a small amount of capital, not a lot of money. But if you're just starting out and it's your first time making money, you have to choose a business model that doesn't require a large capital or

[37:52] high expenses. You might say, "No, it doesn't require capital, but I pay 20,000 pounds every month." No, you don't have 200,000 pounds, so it's very important that there aren't high costs or a large amount of capital you need at the beginning. And lastly, there's something

[38:09] called fast cash flow. What is it? I don't know how to cash flow. What is it? I don't know how to write in Arabic, but it's cash flow. write in Arabic, but it's cash flow. So, if I work as a freelancer today, is

[38:25] that wrong? Yes, that's wrong, because for the people who will tell me this, I know it's wrong. I don't know how to write it correctly. People say, "If I start working as a freelancer today, great. If I get a client today, the money will be in my pocket as soon as I finish the job. Or if it's a big job, I'll get

[38:41] 50% of the amount today, right now. So that's fast cash flow. Money comes in quickly, money cash flow. Money comes in quickly, money comes in quickly." But some people start a business and say, " Yeah, I'll get money in three months." Well, what will you do in those three months? You're spending money

[38:56] to build this thing. For example, someone is building an automation system, building an automation system, or, let's not use English, someone is building an or, let's not use English, someone is building an online tool using artificial intelligence,

[39:11] like the example we gave at the very beginning. This tool will cost him $5,000 to build. He says, "No problem, the client will pay me $15,000." I say, "Okay, great. When will the client pay them?" He says, "I'll pay them in three months." I say to him... So how are you going to build in these three months

[39:26] without the $5,000? He'll say, "I'll pay it out of my own pocket." I'll ask, "Do you have it?" He'll say, "No, I'll borrow it." What are you doing, man? Why are you making things difficult for yourself? The solution here is if you're thinking, for example, "The client will pay me $10,000 anyway," or even before I start,

[39:41] meaning at the beginning. Then I'll say, " Okay, fine, no problem." But if there's no fast cash flow, if the client is going to pay you eventually, then that's the way things work, then unfortunately, this method won't work for you. That's why these are the three criteria you should use

[39:54] to choose your business model: First, it should be easy for you, the easiest way for you. Second, its cost shouldn't be high. Third, the cash flow should be quick, bringing in money quickly. Do people understand me? Do people understand me? So we can

[40:08] people understand me? So we can move on to the next stage.

[40:28] that repeats itself a lot. We can block people, it's very good. The

[40:53] We said what was the first duty? If you're going to come up with business models or business models based on your business idea, the second assignment is this exercise. You'll see which one is the easiest, which

[41:05] one is the cheapest, and which one will generate the fastest revenue. You'll choose just one; that's the business model you'll start with. Congratulations! You know what you'll make money from tomorrow. That's it, Wael. I wanted to do the most difficult, challenging thing. I'm not interested in what you want.

[41:22] I'm interested in what will actually work, what you want. We all want things, but we want to do what will actually work so we can make money. When you have money, we'll do what you want. That's it. That's tomorrow's assignment. Tomorrow I'll find everyone has done it. Excuse me,

[41:35] I'm a difficult teacher. Tomorrow I'll find everyone has done it. Now let's talk about me. Now let's talk about what. Let's go back to the concept that I'm building a company, so I'll show you. So, what will I do with the company I'm going to build? I told you yesterday that my idea,

[41:52] you yesterday that my idea, my business concept, is a system. This system, God willing, 100%—and I have to say "

[42:05] willing, 100%—and I have to say " God willing"—makes money, if you

[42:18] implement it correctly. People don't understand this part. I'm saying "correct" implemented it correctly but it turns out they implemented it incorrectly. So, this is the business idea I came up with yesterday. Now, what is this business? How can I sell this idea, this system? So, the

[42:32] first thing we'll do is create business models. Well, the obvious thing, and everyone knows it, is that it could be a regular course. I could present it as a course, and we said the course could be online, offline,

[42:49] offline, or something called a workshop. or something called a workshop. So, that's the first thing: the course. The second thing is that I could write a book. I'm dying to know! And write a book, you don't understand. I'm someone who loves writing and I have a lot to

[43:02] say. I'm a chatterbox, thank God. I want to write a book, and in this book, I teach the system. Why not? That's one idea. I could make a digital product. The book could be a digital product. It doesn't even have to be a physical book. I could make digital products that explain the

[43:16] system, a manual, or a booklet that explains the system in three steps to implement it. I don't know what I could do in this way. Are there any other ideas? In the name of God, the Most Gracious, the Most Merciful. Oh, consultations. I

[43:31] could give them. People could book consultations with me, and then the next one would be coaching.

[43:43] know what coaching is. For example, with a consultation, you book one call with me. In this call, you ask questions, and I answer questions related to the system or something like that. The idea of ​​coaching is that you book, for example, six calls with me, one call per week, and

[44:00] each week I follow up with you on the things you did that week. The previous points, up until we reach the point where you have your complete system, are also a my mind right now. God knows, maybe I have more, maybe not. But of course, it's

[44:15] midnight here, and since I'm not in Egypt at the moment, and with the live stream and all that, I might not be fully focused. So, these are the ideas in my mind right now. Okay, what's the

[44:27] easiest for me? What's the easiest method for me? The easiest thing for me is these courses. Why is it easy for me? Because I've

[44:39] done it a lot, thank God, and people know me for it. People know me for the courses, so it makes sales easier for me because the cost is n't high. Honestly, if I were to make a course, I'd just turn on the camera and start recording. The cost isn't high, and honestly, it generates quick cash flow.

[44:54] Why? As soon as the course is released, the cash flow starts working. As soon as I start selling, I don't wait for anything, thank God, and I start working immediately. It's something called passive income. What does something called passive income. What does passive income mean? For example, today

[45:08] passive income mean? For example, today I'll spend 20 hours filming the course, and the I'll spend 20 hours filming the course, and the editor, Mohamed, will spend two weeks editing it and get tired and all that. As soon as we release the course, none of us will have to put a

[45:21] hand in anything else. People will just buy it and we'll be relaxed. So this is passive income. It comes in without us having to work hard. We worked hard at the beginning, so we won't have to work hard again. This course is a great method for me, very good, very good. I told you something in the middle, I told you in the middle that

[45:35] after 10 years, what did I decide? I've decided to work with a what did I decide? I've decided to work with a hybrid model. one business model; I'll choose several. Why? Firstly, because

[45:51] I've tried this before and, thank God, it worked. Secondly, because my idea can't be done any other way. It's impossible to implement without a hybrid model. So, I'll be creating

[46:06] without a hybrid model. So, I'll be creating courses, God willing, and at the same time, I'll be developing digital products, offering

[46:20] coaching. I won't be writing a book because that's too difficult for me. I mean, after we finish this business idea, then we'll pray that I'll write a book soon. I really want to achieve my dream. So,

[46:33] my idea will encompass all these business models. Okay, Wael, the costs are high here and there, especially since the entire cost is in my time. I'm willing to sacrifice my time for both of these things. I like this approach, so the cost of the

[46:45] course isn't very high. I know exactly how much it will cost me, and thank God I have more than enough money. So, for me, the cost isn't very high, not like The cost is relatively low. So, the cash flow is quick, especially with

[47:00] consultations. Right now, in this call, I could ask everyone who wants to book a consultation for $50, and I'd find 100 people booking one. That would make $5,000 while I'm on a live session. This is just an example, not an exaggeration. It's just an example. And the mentorship is the same. God

[47:14] willing, I'll prepare the agenda for the next six weeks, and we'll discuss it. I'll start selling tomorrow. It won't cost me anything, and I've already figured it out quickly, God willing. So, these are the ones that apply to the ideas I mentioned. You're reminding me, aren't you? You'll choose several business models. You'll

[47:31] choose one business model and not expand it, and don't say no, and don't say I've tried it. You'll choose a business, but for my sake, start with one past business. I swear to God, I spent at past business. I swear to God, I spent at least 10 years with one past business. At least 10

[47:45] years. And the day I said I'd do several business models, I'd do a hybrid, I did two, just two, and I was failing at it. I swear to God, I spent a year failing at it, but I kept trying until God

[47:57] gradually opened doors for me. I mean, after five years, on top of the 10, I mean, after 15 years. Today, thank God, I'm almost 15 years old. So, in those 15 years, I can tell you, yes, thank God, I started doing this. I tell you, yes, thank God, I started doing this. I tried it twice before and it worked for me. So, this is my business model.

[48:12] Quickly, I also want to say why I chose this. Honestly, why I chose this. Honestly, because in my experiences in the last two years, because in my experiences in the last two years, I created several platforms. This platform has a course, a

[48:26] I created several platforms. This platform has a course, a community, and consultations. This time, I've added the mentorship component, which wasn't there before. I also added the consultations, which weren't very prominent; they were just a few of them. So I expanded them into a system, and I expanded the mentorship

[48:38] system as well. When I put these things together before, I discovered something: the percentage of people who actually succeed and make money increases when we do it this way—as a platform with a community, not just a course I release. Secondly, if I release a course teaching

[48:53] people how to make money, no one will buy it because we live in a time where people don't like or believe in these things. And I swear to God, I can swear to you that the system works 100%, but you won't be convinced if it's just a course. But when I sell you an

[49:06] idea that looks good, when I sell you an idea that looks like a community, you'll be more convinced. And that's not all; if we implement mentorship... With this consultation, with this, with this, you will definitely make money.

[49:18] You are implementing the system and doing it right in front of me. I'm sitting with you, telling you, "No, not like this, do it like this," and you will do it correctly, God willing. If God wills it, you will be 100% in a different place, God willing. That's why I chose to implement this, because I know it, I've tried it, I have

[49:32] experience with it, and it has succeeded with me twice before in two companies, thank God. So, God willing, this is the business model I will follow. The last thing is how I will collect money from people. There's something thing is how I will collect money from people. There's something called OTP. What does OTP mean? It means One Time Payment.

[49:48] called OTP. What does OTP mean? It means One Time Payment. means people will pay a one-time payment. What does this mean? It means that to

[50:02] buy this thing—what is this thing—you will pay only once, like the people who bought 50 chairs. Not yet, God willing, tomorrow we will make a method for it. But to buy this thing, you will pay only once, like the people who bought 50 chairs. Before, like the like the people who bought 50 chairs. Before, like the people who bought 25 chairs, and then like the

[50:17] people who are below, like the people who will use the link at the top right, don't know if anyone bought them or not. After I close the live stream, I'll know how many people bought them. Omar, if you're watching, I'll tell him, "Omar, what? I'll send this to see how many people subscribed,

[50:39] 10 chairs. God knows if they're finished or not, but if they're not finished, go to the link, you'll find them still working, so go and secure your spot. You'll only pay once. I was before. So, what's the second system? What's the second style? The second style is called Subscription Base. What does that mean? It

[50:52] means people pay a monthly subscription. I did this in FreelancerX. Subscription Base makes you more money, honestly. People paying you every month makes more money, but we have the value that we have. I'll provide it here in this system, God willing. It's not worth

[51:06] paying for it every month. I'll sell you the system once, so you'll pay the amount only once. That's how I'll make money. God knows, I'm not sure yet, but I might do something called upselling. What does upselling mean? It means, for example, you buy a

[51:22] package here on the platform, paying only once. You pay once for the cheapest package we have, for example. Then, over time, you want more consultations. You want to add more consultations, so you'll find, on the platform, that you can buy these consultations for, say, $20 or $30. So,

[51:37] this is called upselling. I sell you the basic thing, and I also sell you something else if you want it. Of course, if you don't want it, no problem. For example, someone might have a package without mentorship, and then they tell me, "I want mentorship," so I sell it to them as an addition, and things like that.

[51:50] The money will come in from the payment once, and there's something called "absar." Okay, we've talked about that, let's

[52:03] finished what we'll talk about today. Let's just quickly review so no one gets confused. Yesterday you came up with your business idea, that's the first thing. Today, your task is to come up with all the existing business models. Use artificial intelligence, do a Google search, see how people

[52:18] on YouTube and the internet in general are offering your service so you know how to come up with all the business models. These are the methods we use. You'll do all of that, and then you'll choose the easiest one for you, the one that brings in the fastest money and

[52:34] costs the least. That will be your business model that you'll start with. I might offer the service as a freelancer. I'm waiting for people to say that, there's nothing wrong with that. I've started In 10 years, you might say, "I'm going to create a software tool that people can buy. If I have the money to

[52:48] make it, then do it, no problem." Or, "I'm going to open a specific store because I have the capital for it, no problem with that." Or, "It could be online courses, or an online learning platform, or I could upload content to YouTube, no problem with that." All of that is fine. The important thing is to choose

[53:02] just one thing. Okay, and one last thing, let's quickly tell you what we'll be talking about tomorrow, God willing,

[53:14] and what we'll do on December 1st. For tomorrow, God willing, we'll work on something called "offers" and something called " branding." So, tomorrow we'll work on something called "offers" and something called "branding."

[53:26] branding." So, tomorrow we'll work on something called "offers" and something called "branding." business model. For example, I, Wael, told you about the business model yesterday, and today I told you how I'm going to make money from it. So, Wael, what exactly are you going to sell? You'll sell a

[53:42] Wael, what exactly are you going to sell? You'll sell a platform, a course, a program, a book— what tangible thing will you sell? What features will it offer? What advantages will people gain? If you sell a platform, will it include

[53:55] just a course, or will there be something else? Tomorrow, we'll finalize the concept. This is called an offer; these packages are the final touches. Tomorrow, I'll tell you exactly what the platform is, what it will contain, down to the last detail. Tomorrow,

[54:13] each package includes, and its price. So, tomorrow, God willing, those who have subscribed will know what they'll get from this platform, and those who haven't will understand what they missed out on by not

[54:25] subscribing to these previous offers. And again, this is the final offer. It's available right now, and it's the cheapest one you'll find. That's what we'll talk about tomorrow, God willing. You'll learn tomorrow how to turn your business model into an offer that you can

[54:40] give to the client at the end of the day, and the client will pay you for it. That's what you'll learn tomorrow. The offer is the last thing I'll mention quickly. We're now, thank God, in a good position.

[54:52] quickly. We're now, thank God, in a good position. December 1st is coming up. I'll keep thinking about this. God willing, December 1st is the most important day of the live sessions because on December 1st we'll bring everything together. We'll talk about the nine days before and every step we've taken in the

[55:06] company. On December 1st, we'll go live with the company. There will be a counter showing the sales figures. You'll see that, thank God, we're making money. We'll see the launch of the platform. You'll see something live. I was doing all of this myself. At home, on the previous two platforms,

[55:21] thank God, and God granted us success. Now, God willing, you'll see it in front of you. And even if I fail, it's not a problem. I'll tell you what we'll do if I fail. And if I succeed, God willing, and may no one succeed, God willing, and may no one envy us. And God willing, on December 1st, you'll see

[55:34] all of this and much more. It'll be a bit of an exciting live stream. And lastly, I asked Omar, and he bit of an exciting live stream. And lastly, I asked Omar, and he told me that, thank God, out of the 10 seats (see this link), out of the 10 seats in the last 40 minutes, six have signed up. So we only have

[55:50] seats in the last 40 minutes, six have signed up. So we only have four seats left. This offer will end at 12 midnight Egypt time, which I think is exactly two hours from Egypt time, which I think is exactly two hours from now. And this is our counter,

[56:03] so people also know that the number written at the top left is the number of sales we've made so far on the platform. I didn't want to say this until the last day. The live stream is just to say that the number here is... we said we sold

[56:20] 50 chairs, then 20, then 25, and now we've sold six. So this is the money we've made from the platform. If you're wondering whether the idea will work or not, whether we'll sell or not, we've already made this amount. This amount is

[56:34] in dollars. May God protect us today and tomorrow, and may we not wake up sick or dead or anything. Say " Masha'Allah" (God has willed it), meaning may God guide you all and provide for you all. This counter is

[56:46] currently manual, but God willing, starting December 1st, we'll try to make it automatic so it renews itself every time we make a sale. God willing, this number will increase. So, thank God, this is God's provision. And this money is going into my pocket or anything. I'm not working alone at all. There are still a lot of expenses to be covered, and some have already been covered. That's a lot,

[57:01] but that's exactly what we'll see on December 1st. You'll see this number keep increasing, and it's already doing well, thank God. So this is just so you know that, I swear to God, these things are working, and we're not lying.

[57:14] We're trying to help you. And as much as it's a paid platform, and you're selling for money, I'll be doing free live streams for you. I have delivered the message, so bear witness. I'll see you tomorrow at 9 PM, God willing, at our usual time. I really hope everyone will do their part. Thank you so much to everyone who attends, and to those who couldn't

[57:26] attend because of work, a shift, or going to bed early, may God grant you success and you can attend another time. I hope to see you. or going to bed early, may God grant you success and you can attend another time. I hope to see you.