How To Get A Trillionaire Mindset

Mike Koenigs [00:00:00]: Hi, my name is Mike Koenigs and this is the trillionaire mindset. Now, by the time you're done watching this video, I'm going to share with you some big ideas that'll help you use and implement AI more effectively in your business. How to get your teams to think in AI and use it effectively. How to get your time back. Automate your biggest income opportunities. Also, get rid of your most time consuming, annoying money and people issues, and rapidly prototype your biggest dreams and make them real. I'm also going to talk to you about how to take your ip and turn it into new forms of revenue and dramatically increase the value of your business. And I'm also going to give you a demonstration of the latest AI follow up and marketing automation that you get to try out for yourself. Mike Koenigs [00:00:46]: This is going to be worth it all by itself. We are due. Let me get things rolling and share my screen with you. So the way I like to begin this is, if you think about it, the millionaire mindset in a lot of ways, began with the industrial revolution, when an immigrant, for example, could produce a million dollars in value and net worth businesses that were worth a lot of money, probably for one of the first times in human history, without stealing it, being born into it, taxing into it, or inheriting it. All right, I guess inheriting and being born into it are the same. Now, if you fast forward a little bit to the Internet revolution, we created billionaires, okay? An individual could become a billionaire. So you've got Bill Gates and Elon Musk. The list goes on and on. Mike Koenigs [00:01:43]: Technology enabled that to happen. And then I believe we are going to be meeting trillionaires soon. And that's because of AI. And that's really a big part of what this particular presentation is all about. So let's begin, first of all, with the millionaire mindset. Now, the basic idea behind this is right now with some of the tools available to you. I'm going to demonstrate something in a moment. You can increase your revenue by 20% to 200% easily in a year or less by using off the shelf AI scripts and tools and gpts. Mike Koenigs [00:02:20]: So think of this as stacking prompts and apps. Again, commercially available cheap stuff. Now, for example, one of the things that we do, and we've surveyed thousands of business owners and we've identified all the biggest things that drive people nuts, whether it's improving sales, improving the effectiveness and the speed that you can create content, social media materials, cloning yourself or a key employee, how to create training programs, solving sops, HR issues, building brands, all that. So what we've done is created these playbooks using best practices that enable someone just to copy and paste and get results quickly. And I'm going to provide a link so you can see some of these in practice inside the description copy without going into all of them now, but it's literally copy paste get a result. We've improved sales teams effectiveness by six times over their previous teams. Or we've actually run in parallel as an example. So I always ask this question. Mike Koenigs [00:03:24]: Right now, your biggest challenge is most likely either following up quickly and selling more effectively, or cloning yourself or cloning a key person. So how much time and how much money could you save or make if you had a cloning yourself right now could probably almost double the size of your business. So let's move on to the billionaire mindset. So let's just take that a step further. Let's pretend we identified the key place in your business that you could increase revenue and amplify that, meaning automate it or replace or clone you or a key employee, thus making your business significantly more predictable. Well, the bottom line is if in the previous example, the multiple on your business, you might be able to sell it at like two to three or maybe four times EBITDA, by creating more predictability, you would increase the value of your business by a significant margin, maybe one or two x. All right, so the whole idea behind the billionaire mindset is if we created more predictability through automation. So, for example, this is a tool that we built for one of our clients. Mike Koenigs [00:04:36]: And basically it is a diagnostic tool that creates McKinsey quality reports that are totally customized based upon what gets input. So we start with a little bot, and within minutes a totally custom written for you McKinsey quality report would be generated, emailed as a PDF, a website. And the whole idea is this would eliminate the need for someone to have to follow up and meet with people and then create a customized follow up and a report that was brand representative and message compatible that could dramatically increase your revenue. Right. Well, here's another example. This is one that we built. It's in the description, and if you can multitask or just push pause in the video right now, you can see an example of one of ours. Now, this is an AI bot that we built and it asks you some basic questions. Mike Koenigs [00:05:31]: It's currently operating on a few of our websites. And what happens is after you fill in the basic information, what you receive is a totally customized written for you document. It also has a follow up email, a follow up text message and it creates a completely automated video that is done with AI. And by the way, this thing researches the prospect or you on LinkedIn and it will actually grab your picture and put it on the report. So here's an example of an earlier version. We're tuning the AI all the time, but this is virtual Mike, an example of the follow up. Speaker B [00:06:14]: Hi, it's Mike Koenigs. I understand your big dream of building a SaaS business each quarter with a substantial customer base. It's ambitious and I admire that. But I also know your challenge, scaling your business and improving lead generation. It's time consuming and requires a lot of effort. That's where AI comes in. It can automate your marketing strategies, streamline your lead generation, and help you scale your business more efficiently. It's the catalyst you need to achieve your dream. Speaker B [00:06:49]: Hi, it's Mike Koenigs. I understand your big dream of building a SaaS business each quarter with a substantial customer base. It's ambitious and I admire that. But I also know your challenge, scaling your business and improving lead generation. It's time consuming and requires a lot of effort. That's where AI comes in. Mike Koenigs [00:07:08]: Okay, what I'd encourage you to do is try it out for yourself, and I'll give you that link again. But imagine right now if you had a tool that for every lead that ever came into your business, it followed up in less than ten minutes with a hyper personalized video, ringless voicemail, audio, sms, email, mobile text message, WhatsApp and direct mail. It even mails. Okay. Customized web page, pDf, and proposal, all based upon what someone entered and the research it conducted on them. That is powerful. I've wanted this for myself for over 20 years. I originally had some software products that did this, but let's take things even further into the trillionaire mindset. Mike Koenigs [00:07:48]: So the basic idea is commercializing the app. So here's an example. This is one of our clients. He's been in the business of selling cars for over 30 years. Sold over $2.3 billion worth of cars, over a half million transactions. Now, there are currently 16,341 franchise automotive dealers in the United States. That's a lot. What do you think all of them would pay $10,000 a month for right now? Just think about that. Mike Koenigs [00:08:17]: Well, first of all, they wish that they could spend more time spending time with their customers, doing human things, and have robots and automation do the stuff that's really hard and annoying and frustrating to deal with. All right, well, what we did, we analyzed this guy's business and found there were seven key areas of focus that he did better than just about anyone else, and found ways to automate them. So, for example, one of them was to build an before, during, and after chat bot that would simplify and automate the booking a test drive, following up, starting the sales process, and also the ownership experience. Now, currently, at any given time, a dealership needs five to eight people dedicated to those tasks, and they make mistakes all the time. The turnover is high, and it costs about $80,000 per year, not including bonuses and other expenses. So that's an example of a system that we're in the process of building for him, but that could be applied. Imagine now taking your special sauce, your ip. Well, in the area of the automotive business, let's say we just got 100 clients who paid $10,000 per month, which is a no brainer for any sizable dealership. Mike Koenigs [00:09:34]: Well, that would be a million dollars in monthly recurring revenue. Well, the multiples on a higher growth, totally automated SaaS or software as service based business would be ten to 20 times multiples on revenue. That would position this business in terms of its value at 120 to almost $250,000,000 with 100 customers. So, let's turn that around in your industry. Okay, now, imagine being able to turn your IP, some of your secret sauce, into a product or a service that could be sold inside your industry. That is a dramatic way to boost the value of what you create. So instead of getting multiples on EBITDA, it's multiples on sales. All right, so here's where I get to the next step. Mike Koenigs [00:10:24]: And again, I encourage you to try out that bot right now. If you want to learn more, you want to see how we could work together. We also have training programs that train you and your teams on how to use and implement AI more effectively. We've got bots available. So, for example, if you wanted a customized bot that would do automated follow up, improve your sales, and lead conversion, and follow up with hyper personalization, let us know. Or if you would like to work with us, we have integration services available where you can basically hire one of my team members to be your chief AI officer and rapidly prototype and build automations together and in real time. So with that, I'm going to leave you with this last thought, which is, how can you use AI right now to boost your revenue and create additional leverage and automate the most challenging or the biggest income producing opportunities, or fulfill your greatest dreams as a founder? So the next step is yours to take. Thanks. Mike Koenigs [00:11:33]: So much for watching. I hope to see you on maybe one of our webinars or work with you personally as one of our clients. So thank you again for your time. We'll see you on the other side.