How to Make Money from Day One with Trust
45sThe immediate promise of earning from day one combined with a clear, actionable concept (trust-based service) captures attention and offers high educational value.
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The video explains the concept of a trust-based service business, where creators build trust through consistent content and skills, then monetize that trust by selling services or skills at a premium. It uses Ranveer's example to illustrate how this model can be scaled by offering services to other creators and brands.
Chapters
[00:00]
Trust-Based Service Business
The fastest way to earn money from day one is by building trust through content and skills. People trust your skills after seeing your content, and you can sell that trust as a service or skill.
[00:14]
Key Difference from Normal Service Business
Unlike a normal service business, you must post consistently on social media to build skills and trust. Once trust is established, you can charge a premium and close more clients.
[00:28]
Ranveer's Example
Ranveer started content creation and received brand deals, but realized it wasn't sustainable. He told his manager they could do influencer marketing for other creators too.
[00:41]
Expanding to Brands
They realized brands also need services like content creation, shooting, and editing. So they started representing brands as well.
[00:58]
Monk Entertainment's Full Service
Monk Entertainment's team helps both influencers (YouTubers, Instagrammers, TikTokers) and brands with their needs.
The trust-based service model allows creators to monetize their skills by building trust through consistent content, and can be scaled by offering services to other creators and brands, as demonstrated by Monk Entertainment.
Mentioned in this Video
Study Flashcards (4)
What is the fastest way to see money from day one in a service business?
easy
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What is the fastest way to see money from day one in a service business?
easy
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Building trust through content and skills, then selling that trust as a service or skill.
What is the key difference between a trust-based service business and a normal service business?
medium
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What is the key difference between a trust-based service business and a normal service business?
medium
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You must post consistently on social media to build skills and trust.
00:14
What did Ranveer realize about brand deals?
medium
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What did Ranveer realize about brand deals?
medium
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They were not sustainable for the start, so he offered influencer marketing services to other creators.
00:28
What additional services did Monk Entertainment start offering to brands?
hard
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What additional services did Monk Entertainment start offering to brands?
hard
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Content creation, shooting, editing, and representing brands.
00:41
💡 Key Takeaways
💡
Trust as a Sellable Asset
Introduces the core concept that trust built through content can be directly monetized as a service.
⚖️
Consistency is Key
Highlights the critical requirement of consistent posting to build trust, differentiating it from traditional services.
00:14
🔧
Scaling via Other Creators
Shows a practical pivot from personal brand deals to offering services to other creators, demonstrating scalability.
00:28Full Transcript
[00:00] individual trust lead to a service is the quickest part to seeing dollar on day one it is called the trust based service business जहांपे आप content बना के skills garner करते हो वोही content देखके लोग को आपके skills पे trust आता है
[00:14] and फिर आप वोही trust को बेच सकते हो as a skill or as a service and this is not a normal service business the key difference is you have to post consistently on social media and garner those skills and जब आपके skills पे लोगों को trust होगा
[00:28] तो you can charge a premium and you can close more clients even big creators have used this model but हमने कभी ध्यानी नहीं दिया जब रनवीर ने content creation start किया था he started getting a lot of brand deals कोई brand कम पैसा देगा, कोई brand जादा पैसा देगा
[00:41] he realized that this is not sustainable for the start so he told his manager जो हम मेरे लिए कर रहे है that is getting brand deals and influencer marketing वो हम दूसरे creators के लिए भी कर सकते हैं और तभी उन्होंने यह भी रिगलाइस किया कि इवन ब्रांड्स नीचे सर्विसेस जहां पर उनको ऑर्गानिक कॉंटेंट क्रिएट करना है, शूट करना है, एडिट करना है और एवरीथिंग
[01:00] तो तब उन्होंने ब्रांड्स को भी प्रदान करना गया था बाद में हमें पता चला कि यार ब्रांड को भी इस प्रकार की मदद चाहिए हमारी पूरी मंग एंडेटेइमेंट की टीम दोनों इंफ्लूएंसर्स यानि की ब्यूटूबर्स, इंस्टाग्रामर्स, फिक्टॉकर्स
[01:12] और ब्रांड को भी हेल्प करती है
