The Consulting Memo by Taylor Welch is a membership training for consultants. Every month, you receive lessons, mistakes, tests, experiments, key findings and advice Taylor has compiled while working with his over 4,000 clients. With your membership, you receive a physical copy of the memo along with other bonus training. As a digital consultant, your job is to advise businesses on what they should be doing in their business to increase their revenue and run their business efficiently.
This Consulting Memo review will reveal if signing up and going through Taylor Welch's consulting report is going to put you on the track of earning a passive income online as a consultant and how consulting compares to the popular local lead generation business model. Consulting requires you to advise other people on their business, but local lead generation allows you to earn a passive income while building your own.
Pros
Taylor shares lots of insight on his experiences in business that may help you in yours.
Taylor has helped grow several 8 figure businesses, including Traffic and Funnels.
There is a private community for support.
Cons
You receive a physical copy of this material and a digital copy. The physical copy is unnecessary.
Digital marketing consulting doesn't pay you a predictable income each month.
Much of the content Taylor shares isn't worth paying a monthly membership fee because it's readily available online.
Price
The Consulting Memo costs $15 per month.
Refund Policy
Unconditional money-back guarantee.
Training
The Consulting Memo is mailed to you in a paper format every month and comes with 3 bonus trainings.
Group
Private community on the Circle platform.
Origin
The Consulting Memo was born when people started asking Taylor many questions on how he ran his business. He created the memo to save himself time while still providing value. Taylor created the Consulting Memo in 2022.
Reputation
Taylor Welch has a good online reputation as he's made millions in revenue and helped thousands of students achieve financial freedom.
3 Main Issues Consultants Face
1. Not Enough Time For Marketing
Many consultants are too busy servicing their clients that they ignore or forget about building their brand on social media. Even if they didn't have enough clients, they would feel they don't have enough time for marketing because they'd be trying to talk to business owners every day. They're busy attending networking events, cold calling, and sending cold emails. It can be very easy to forget about online marketing, especially if you have enough clients where you aren't worried about paying your bills. Taking on another consulting project is more important to many than posting on social media or monitoring paid traffic analytics.
2. Saying 'yes' to the wrong opportunities
As an entrepreneur, consultants may want to take on as many clients as possible so they can make as much money as possible, regardless if the client is not ideal. With few clients, consultants may try to take on every kind of client for the sake of making more money. Many think they will miss out on more opportunities to generate more revenue. In reality, saying yes to the wrong opportunities can work against you because it will take more effort on your part to provide them with the service they need. It might cost you more time and possibly cut into your profit, which is a headache. To avoid this, be selective about what clients you take on.
3. Standing out from your competitors
There are thousands of competitors, which means you have to work to differentiate yourself from every other consultant. Something that can help is sticking to a specific niche or service. Instead of offering a variety of services, creating a boutique consultancy or agency may help you build your brand awareness and show that you are the authority in your niche. When you specialize in a particular field or skill, such as a strategy consultant, it makes it easier to say no to certain businesses. You should also try to get a review from each of your clients so you can share on your social channels. This can help you stand out from the crowd and attract more clients while reaching your revenue goals faster.
What else comes with the Consulting Memo?
Along with the Consulting Memo, you receive the following bonuses:
This bonus is a 4-hour course that teaches you Taylor's system for learning how to select what to study and how to memorize what you learn.
The main point of this bonus is to teach you how to improve your sales and enrollment calls.
The third bonus is where Taylor shares the most important leadership lessons and "people" lessons he's learned over the years as he built and scaled his own 7 and 8-figure businesses.
Who is Taylor Welch?
Taylor Welch is an online entrepreneur from Shreveport, Louisiana. Franklin, Texas is where he now lives with his wife and child. Taylor studied at the Missouri State University and once worked as a copywriter. He co-founded the Traffic and Funnels digital marketing consultancy with his brother Payton Welch.
Taylor has generated over $100 million in revenue across all his businesses and continues to provide value to his students and followers on social media. On the Taylor Welch YouTube channel, he has over 3.8K subscribers and he posts business content a few times per month. On his TikTok account, he has over 7,000 followers and on Instagram, he has over 120K followers.
Taylor Welch Net Worth
Taylor Welch has a net worth of between $20 and $30 million, according to Taylor himself. This can be attributed to the multiple 7 and 8 figure businesses he created.
Is the Consulting Memo worth it?
The Consulting Memo is worth it if you don't mind spending a few dollars to get a package of information based on the lessons learned by a multi-millionaire. The cost of your membership is minimal, but you can absolutely find the information Taylor shares by following other highly successful entrepreneurs who share their knowledge on their social media channels.
The Consulting Memo Success Stories
Ryan is one of Taylor's successful students who found the Consulting Memo valuable. He says that what Taylor has taught him helped him start and grow several service based businesses. One business Taylor helped him grow got acquired for multiple 7-figures. He said none of the success he's had would have been possible if it wasn't for Taylor's consulting and mentorship.
This student said that over the course of two years, she spent over $200,000 in coaching. Through it all, she said that Taylor's coaching was the most influential in her reaching her objectives. Something that stood out to her was how Taylor adapts his coaching to impact his students no matter what their backgrounds are or where they are in their business. She's doubled her income each year.
The Consulting Memo Alternatives
The 90 Day Pipeline by Ahmad Munawar is an online course that shows you how to generate leads for your consultancy. Ahmad has promoted his program for a couple of years and has helped many business owners take their business to the next level by focusing on the quality of their lead generation funnel. He mainly shows you how to generate leads on Linkedin.
Price: The 90 Day Pipeline costs $8,000.
More Info: 90 Day Pipeline Review
The UpLevel course is an 8-week program by Sam Ovens that teaches you how to attract high ticket clients. This course was created for already successful consultants who want to scale their business past 6-figures by creating an online course. There are over 100 hours of step-by-step instruction from Sam and he provides you with all the tools you'll need to run your business. He also hosts a private community for support on the Skool platform. In this program, you learn about sales, automated client acquisition, psychology, and more.
Price: UpLevel costs $6,000.
More Info: Sam Ovens Review
Freedom Business Mentoring by Max Tornow is a course that helps coaches and consultants monetize their skills by creating an online course. Max helps you identify who your ideal audience is and what their pain point is. By doing this, you'll be able to create the content they need. You will also learn how to put your course together and how to generate leads.
Price: Freedom Business Mentoring costs between $2,500 and $3,500.
More Info: Freedom Business Mentoring Review
Authority Income Accelerator is a coaching program created by Justin Saunders. It is for coaches, agencies and consultants looking to scale their business and add $100k to their revenue. AIA specializes in client acquisition via automated Instagram funnel. The 90-day program includes 1-on-1 coaching and accountability calls, workbook, sales scripts and a private community to share your wins.
Price: The starting cost of the program is $2000.
More Info: Authority Income Accelerator Review
Is digital consulting profitable in 2024?
Digital consulting is profitable in 2024 if you enjoy working with several types of businesses with or without taking on the fulfillment yourself. If you can put a team together to handle all the fulfillment, your consultancy can easily scale in revenue. You can hire a freelancer or even an employee to help you with projects. Still, temper your expectations with this business model.
The problem with being a digital consultant is that you don't always know where your next customer is going to come from and when you land a client, they can stop paying you without notice. You don't control the longevity of your income even if you dictate how much money you will make up front.
Digital consulting can be lucrative as with other online business models, but it doesn't have the benefits the local lead generation business model has.
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Local lead generation allows you to earn more than consulting
Local lead generation allows you to earn a recurring passive income each month by creating simple websites that offer a phone driven service. You then rank those digital properties on Google and funnel the leads to a local small business owner who would like more leads each month.
As long as your lead generation site remains ranked at the top of the search results, it will generate leads for your clients and they will be happy to pay you. Most times, they will pay you more to continue sending them exclusive leads.
This tree care site is an example of how making money creating simple sites and ranking it on Google can passively be lucrative. I built it over 7 years ago and since I ranked it in Grand Rapids, Michigan, I've had a paying client of $2,000 per month.
You don't even need to be an expert at sales to succeed at this business model. As long as you create optimized, well-positioned digital properties, there will be a business owner who is happy to pay you every month.
To learn how to earn a passive income online that you can predict each month, check out the local lead generation training program.
