How To Run A Profitable Business & Make Money

1,979,726
0
Published 2019-12-10
What are clients really asking when say, "How much does this cost?" What I wished I knew when I ran my first business. Learn the difference between cost, price and value. In this live stream Chris shares how you can make more money by knowing the difference between cost, price, and value. He reveals that value is subjective to the person buying.

Learn more about our Business Bootcamp, designed to help you attract the right clients and grow your business: ftris.me/lwu5bzF

06:00 - What is cost?
08:00 - What do people really mean when they say cost?
08:30 - What is the real meaning of value?
11:00 - What should all go into cost?
13:00 - How much should you should charge for profit?
20:00 - Who takes more of the risk you or your client?
23:00 - Who determines the value and price between you and the seller?
32:00 - What is the double keystone effect?
45:00 - Why does the cost of a Coke vary between wholesaler, retailer, and movie theater?
54:00 - Recap

Learn about The Futur Business Bootcamp: thefutur.com/business-bootcamp

Now is the time to attract more profitable clients and charge your worth. Learn how to implement both of these in our free 3-part Scaling From Zero training series - thefutur.zoom.us/webinar/register/9116581668230/WN…

Want to make a donation:
Use Venmo and send to: @theChrisDo
Follow him on IG: @theChrisDo
===
🚀 Futur Accelerator
The step-by-step blueprint and coaching program designed to get your creative business off the ground:
thefutur.com/accelerator

🥇 Futur Pro
The professional creative community designed to grow your personal brand, your business, and your network:
thefutur.com/pro

✍️ Other Courses, Templates, and Tools:
thefutur.com/shop

🎙 The Futur Podcast:
thefutur.com/podcast

Recommended books, tools, music, resources, typefaces & more:
thefutur.com/recommendations

Music by Epidemic Sound:
share.epidemicsound.com/thefutur

Shorts Playlist:
youtube.com/@thefutur/shorts

We love getting your letters. Send them here:
The Futur c/o Chris Do
1702 Olympic Blvd.
Santa Monica, CA 90404

*By making a purchase through any of our affiliate links, we receive a very small commission at no extra cost to you. This helps us on our mission to provide quality education to you. Thank you.

—
Host– Chris Do
Content Director– Matthew Encina
Cinematography– Mark Contreras, Stewart Schuster, Ricky Lucas, Jona Garcia
Live Editor– Jona Garcia
Editor– Stewart Schuster, Mark Contreras, Ricky Lucas, Jona Garcia
Social Team: Elle Money, Alex Burlui
Futur Theme Music – Adam Sanborne www.adamsanborne.com/
Typefaces: Futura, DIN, Helvetica Now, Calibre, Knockout, Champion Gothic
Futur theme song— Adam Sanbo

All Comments (21)
  • @thefutur
    Learn more about our Business Bootcamp, designed to help you attract the right clients and grow your business: ftris.me/lwu5bzF
  • Dude don’t stop making these please- this helps people who can’t afford to get this sort of education. I’m grateful! Thank you
  • "When value exceeds price, people give you money" - Chris Do <<- This should be a famous business quote.
  • @Cyba_IT
    This is actually legit foundational business and marketing advice for any business with a service or product. Cheers Chris
  • @MrJoeFuego
    Let’s all give thanks to the 50,000 beautiful souls that allowed the rest of us to consume this gem of a seminar
  • @American_Boy
    Not even hyperbole, these sessions are becoming a serious highlight of my day
  • @rickyhussle
    Before charging a client I always think to myself, "what would Chris Do?"
  • I'm a teacher. I used to work for schools and make such a small paycheck. Now I'm developing my own courses and selling direct to students, taking out the middle man like your example!
  • Thanks for this amazing information !! If you don't find a means of multiplying money, you will wake up one day to realise that the money you thought you had, has finished. Investment is key, I pray that anyone who reads this will be successful in life
  • Look man! You folks have changed my life!!! I've been struggling to make my design business profitable for almost a decade and because I couldn't figure it out myself, I've been being employed by companies that don't serve me or my wallet. I've been living short of my purpose - and I knew it. I have been watching this channel for 3 weeks and I have already started networking smarter, charging more, being more aggressive with my design style and approach. I feel confident and you, Chris Do, have given me that as a creative. I don't know if I'll ever be able to thank you/repay you, but know that you changed a man's life with what you know. Thank you so much and keep building the FUTUR(e).
  • @ItsMoat
    man who needs to go to university or college when you have this type of content...thank you so much for the information
  • “Knowing” it in your head and hearing/seeing it out loud/in front of your face is pure gold.
  • @owitiwambia2497
    Casually dropping gems like this is an underrated skill. Thanks for a solid lesson in business and pricing dynamics. 💯👍🏿
  • @justhector420
    My favorite part was when he said “if you’re not making 75K I don’t want your 5K”. This guy is legendary.
  • @usolee
    LOVE how for 52 minutes there wasn't one time I had to Skip Ads. Mahalo Chris
  • @l1c1c1
    Chris, what you are doing here is amazing, not only for someone doing their own business but also applying well for interview and negotiating a job or role with clear strategic and measurable approach,
  • @UrbanCraftTv
    How I wish Harry Nyquist and Ralph Hartley were alive to see how internet has benefited millions of people. Watching this from the comfort of my home in Africa and having the intent to implement lessons learned is just beyond any words can explain. This is true service to humanity. This video is a total gem.
  • @dougb70
    1:07 When I heard the cost was $5000, I was like, whoaaa, that's pricey. But when I saw it was only $4999, I thought, that sounds reasonable.
  • @100fires
    this guy is one of the best business teachers i've ever studied with on Youtube.
  • @jarridpage545
    Paused my video just to comment and drop a like. I've been running a small agency and your content is parallel to my everyday questions! Thankyou