How we are going to use AI sales bots government contract money 😊
Generalist sales AI that service all needs as a Google replacement may be the future, but narrow and specific sales bots are the present.
Spartan AI will use its seed funding to first build a sales bot with a singular purpose. Out of all things to currently convert to capital, the Employee Retention Credit program by the IRS has an extremely high grossing capability, especially with the data scraping software we already have that allow us to target CEO’s and CFO’s of businesses that directly qualify.
The IRS has paid out over $50 billion dollars in ERC credits already and there is over $300 Billion dollars unclaimed, leaving 86% of the total addressable market untapped. Many businesses and their CPA’s believe that they are ineligible, but recent updates to the bill made it more relaxed on requirements that allows a company to claim their ERC amounts.
ERC Specialists are currently doing 75 million dollars in processing a day for clients, and their system is being funneled by thousands of people manually doing cold outreach. Spartan AI is building a system to conduct more sales funneling than that entire human network is capable of by using GPT3 enabled sales outreach bots.
The chart below shows some of the payout metrics of ERC in section (5):
With 300 Billion dollars unclaimed, companies such as ERC specialists have created entirely automated systems to process payroll reports and file ERC credits with the IRS. Their business model provides legal services entirely free upfront, only taking a 15% commission on the total amount the companies they service are able to claim.
ERC Specialists Average ERC Claim Size: $140,000
ERC Specialists Commission: 15%
Our commission from ERC Specialists bringing the lead in: 40%
Average Value Of Closed Lead: 140,000 * (0.15) * (.4) = $8,400
Cost To Scrape Per CEO/CFO Lead: 0.0045
Cost Per Conversation: 0.02
Total Amount Of CEOs/CFOs To Scrape: 3 Million
Percent of outreach which converts to claiming credits:
Through speaking with affiliates currently working with ERC specialists, they said every 100 CEO’s that they contact, 5 turn into clients.
I think we can increase that metric as we move along, and since we are using iMessage and Whatsapp outreach rather than Linkedin which has a lot of spam.
However, for sake of making conservative estimates, I am going with a 2.5% conversation rate.
3,000,000 * .025 = 75,000 Clients
Multiply Our Leads Driven Estimate With Our Affiliate Payout We Get A Final Estimate:
75,000 * $8,400 = 630 Million Dollars
I filed my own company Full Body Zen LLC with ERC specialists and have a $84,000 check on the way. Sadly it takes 4-6 months for payout to happen.
While this is the most lucrative and initial path for Spartan AI, the final idea to become the new front facing search engine for people by offering a hyper-intelligent search assistant in chat form has the potential to grab a large amount of market share from Google’s search function as it is a more user-friendly means to extract information from the cloud.