my entire $100m AI plan (so you can just copy me)

Introduction

This tutorial outlines a comprehensive plan based on Liam Ottley's $100M AI strategy for his company, Morningside. It is designed for entrepreneurs and developers looking to build and scale their AI Automation Agency. By following these steps, you can effectively replicate successful elements of Ottley’s approach in your own AI business.

Step 1: Understand the Divisions of Your AI Business

To achieve significant scaling, define and structure your business into clear divisions that can operate synergistically.

• Morningside AI: Focus on developing AI solutions that meet specific market demands.
• Morningside Education: Create educational resources and training programs to empower clients and team members on AI technologies.
• Morningside Ventures: Invest in or partner with startups that align with your AI vision, fostering innovation and expanding your market reach.

Practical Tip

Regularly evaluate each division's performance and interconnectivity to ensure they support your overarching goals.

Step 2: Build Your AI Agency

Creating an AI agency involves several key actions:

1. Identify Niche Areas: Research and select specific niches within the AI landscape that are underserved.
2. Develop Core Services: Offer services that address pain points in your chosen niche, such as AI consulting, implementation, and training.
3. Create a Strong Online Presence: Develop a website and leverage social media to showcase your expertise and attract clients.

Common Pitfall to Avoid

Avoid spreading yourself too thin by trying to serve every possible market. Focus on a few niche areas where you can stand out.

Step 3: Establish a Community

Building a community around your AI agency can enhance customer loyalty and provide ongoing support.

• Join or Create a Forum: Use platforms like Skool to facilitate discussions, share resources, and provide guidance.
• Offer Free Resources: Develop free courses or materials to engage potential clients and establish authority in the field.

Practical Tip

Encourage community members to share their experiences and challenges to foster collaboration and innovation.

Step 4: Scale Using Automation

Automation is key to scaling your AI business effectively.

• Use AI Tools: Implement AI-driven tools to streamline operations, such as chatbots for customer service or analytics platforms for data insights.
• Outsource Non-Core Tasks: Identify tasks that can be outsourced to free up your team's time for strategic work.

Real-World Application

Consider integrating platforms like Agentive Hub to build AI agents without extensive coding knowledge.

Step 5: Measure and Optimize

To ensure your business is on the right track, establish metrics to measure success.

• Set Clear KPIs: Define Key Performance Indicators that align with your business goals, such as revenue growth, customer acquisition, and engagement metrics.
• Regular Review: Conduct regular assessments of your performance and make adjustments based on data insights.

Common Pitfall to Avoid

Don’t rely solely on gut feelings; use data to drive decisions and refine strategies.

Conclusion

By following these steps and structuring your AI business effectively, you can work towards achieving significant financial goals like the $100M target set by Liam Ottley. Begin by defining your divisions, building an agency, fostering a community, leveraging automation, and continuously measuring your success. Start implementing these strategies today to scale your AI business effectively.