Scott Millard is a freelance video editor who transformed his passion into a $600,000 one-person business, primarily serving B2B SaaS companies with short animated videos. He shares his journey from freelancing to a thriving company, hitting $50,000 a month in just a year. Scott emphasizes the power of productized services over hourly rates, the intricacies of cold outreach for client acquisition, and the significance of niche marketing. He also offers invaluable advice for aspiring entrepreneurs looking to turn their skills into a successful venture.
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question_answer ANECDOTE
Scott's Early Career Path
Scott Millard shared how he dropped out of college after two months to pursue a business opportunity and learned practical skills like networking and customer service on the job.
Despite being broke initially, these experiences helped him build a foundation for his current video editing business.
insights INSIGHT
Abundance Mindset Shift
Moving from a scarcity mindset to an abundance mindset was key for Scott's business growth.
Utilizing existing resources fully changed the entire game for him.
volunteer_activism ADVICE
Build Audience Then Sell
Build your audience by posting educational, consistent content daily on social media about your skill.
Once established, start selling a productized service with clear packages tailored to client needs.
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He Built A $600,000 One Person Business (with video editing)
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Here's how Scott went from freelance video editor to running a $50,000/month company in 1 year.
0:00 - Intro
0:27 - The business
0:47 - Type of clients he sells to
1:18 - What makes a valuable product
1:50 - Scott's early days
2:36 - Dropping out of college
3:17 - Building a resume
4:02 - How he started video editing
4:42 - Going from $50K/year to $50K/month
5:35 - How to turn your passion into a business
6:36 - Business Ideas
7:25 - The best business model
8:25 - Building a team
8:46 - Hiring overseas
9:17 - How to find good talent
9:41 - Costs + Techstack
10:47 - How to build an audience
11:17 - Advantages of a niche
11:56 - Advice for beginners
12:19 - Work setup
12:48 - Growing the biz to $50K/month
13:43 - Pivoting + Revenue in early days
14:14 - Finding clients
14:37 - Cold outreach + Cold email example
15:40 - Sales funnel (secret sauce)
16:27 - How to learn about business
17:24 - Daily routine
18:26 - Working on weekends
18:50 - Vacations as an entrepreneur
19:26 - Advice on passion
Scott’s Socials
🐦 Twitter - https://twitter.com/scottcmillard
🎥 YouTube - https://www.youtube.com/@scottmillard
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Sharing ideas that make money!
Disclaimer: This podcast is published by a viewer using content from Starter Story's YouTube channel with the goal of making his valuable insights more accessible to those who prefer audio formats, helping more people discover and learn from the insights shared in his videos. It is not an official production of Starter Story. For any requests from Starter Story, please don't hesitate to get in touch.