YT YouTube2Text

YouTube2Text → Transcripts → The Largest Wealth Transfer in History Just Started (and nobody realises)

The Largest Wealth Transfer in History Just Started (and nobody realises) — Transcript

by JP Middleton · 4,949 words · 686 segments · language en · Watch on YouTube

Open in transcriber Summarize with AI Download SRT/VTT

Full transcript

0:00The biggest wealth transfer in history
0:01is happening right now, and no, I'm not
0:03talking about what most YouTube videos
0:05cover, which is that boomers are getting
0:07old and selling their houses, and it's a
0:08big wealth transfer. I'm talking about
0:10people who are ready to pass their
0:11wealth to others who help them keep
0:13their businesses. And anyone can become
0:15that person. AI has helped people build
0:17businesses to the point that every part
0:19of this market seems to be saturated,
0:21but there's still a piece that people
0:22are ignoring because they assume the
0:24money's in the tech and digital
0:26businesses. So now, there's a new market
0:28within the AI market, and it's wide open
0:30with people who know they need AI to
0:32survive, but don't know how to use it or
0:34implement it. And that's the gap that
0:36you can fill without being a tech nerd.
0:38So in this video, I'm going to show you
0:40why this is happening and how to take
0:42advantage of it. Let's get into it.
0:43Okay, so first, let me tell you why most
0:45people do not realize that this is even
0:47happening right now. Almost everyone
0:49trying to make money with AI right now
0:51is building for the internet economy.
0:53They're building agents, workflows,
0:55softwares for businesses that already
0:57understand how to use AI, which is
0:59almost every business in the online
1:00market right now. I have an online
1:02business. I would never pay someone for
1:04this cuz I know exactly how to do this
1:05stuff. But the problem is that they
1:07don't realize this. They're too focused
1:09on the new and shiny stuff that they
1:11think that's the only thing worth
1:12pursuing. But there's an immense amount
1:14of wealth in the other part of the
1:16market that they're most all ignoring.
1:18If you just look at the businesses that
1:19you've known your entire life, almost
1:21all the brick-and-mortar businesses you
1:23can think of have been running for years
1:25and decades. And in those 20 to 30
1:27years, they've stacked up a ton of
1:29money. But now, there's something that
1:30can take that away from them that
1:32they're very scared of, and they know
1:33it. AI is going to decide who's still
1:35open in the next couple years, and they
1:36know that they need it, but they don't
1:38know how to use it and implement it into
1:40their business. They're not going to
1:41learn how to use it. Try and ask your
1:43mom or dad to start using AI and see
1:45what they do. Most don't, right? Because
1:47they're 55-year-olds, and they're
1:49already working 60 hours a week on the
1:51business. This is the part of the market
1:54that's very capital rich and very AI
1:56poor and very modernizing poor, but
1:59they're willing to transfer parts of
2:00their wealth to keep their business
2:02alive and they're desperate to do it.
2:03And it's where someone like you can use
2:05AI to help them. And you can be the
2:06person who brings this technology to the
2:08older generation, the people who don't
2:10have the time to understand it and don't
2:12want to understand it in the first
2:14place. So, this is the exact system that
2:16I sell in my business and the reason
2:17that I'm giving this away for you to
2:18copy is because I'm looking to
2:20eventually sell my agency. As you can
2:21see, this is my payment processor right
2:23here where you can see that we did 300
2:2570 something thousand dollars over the
2:26last month in September. You can see
2:28here over the last 14 days, we've done a
2:29decent amount of money. And then in
2:31addition to that, this is the evaluation
2:33I had done by a company called Value
2:35Buddy. It's a very long evaluation, but
2:37basically they said that my business was
2:39worth 5.448 million dollars. And when he
2:42told me that, he also told me I could
2:44end up selling my business here for a
2:464X, which is what they gave me, or I
2:48could help three to four other people
2:49build the exact same business as me and
2:51then roll it into a portfolio instead of
2:53getting a 4X multiple that I would get
2:54on my own. I could then end up getting
2:56about an eight to potentially a 15X
2:58multiple, which takes my business from
2:59being worth 5 million dollars to over 10
3:01to 15 million dollars for literally no
3:03additional work. Just helping other
3:04people do what I've already done in a
3:06different market. So, if you're serious
3:07about building a business like mine, you
3:09can apply to work directly with me
3:10through the link below. We'll have a
3:11one-on-one conversation where I'll be
3:12able to see if I think you're a good fit
3:14to work with me. If not, no big deal. If
3:16so, I'll be able to outline exactly what
3:18that looks like. And regardless, I'll
3:20keep giving you the free value either
3:21way. These people are ready to pay
3:23whatever it takes to secure a future for
3:25their business. So, now you have to know
3:27how to do it. Thankfully, this is a lot
3:29easier than you think. All you need to
3:31really do is think of a business like
3:33it's a bucket full of water. The only
3:35caveat to that is that the bucket has a
3:37bunch of holes in it and the water's
3:39coming out. The water is the money that
3:42the business makes. It's the revenue.
3:43But with their current holes that they
3:44have in the bucket, they're losing money
3:46every single day. Now, most people who
3:48are trying to start a business will
3:49think that they need to find a solution
3:51to a problem. But, if you're just
3:53running ads for a business or just
3:54offering one a automation, for example,
3:56like a reactivation or an automation
3:58that helps people generate reviews or
4:00follow up with leads like a chatbot,
4:01you're just plugging one hole in the
4:02bucket. The water is still leaking and
4:05the business is still losing money. And
4:06because you only save them a little bit
4:08of water, they can only afford to pay
4:09you a little bit of money or they'll
4:11just cancel altogether because you
4:13didn't fix the overarching problem. But,
4:14when you take all of those services and
4:16then connect them into one system,
4:18something that's completely different,
4:20you're plugging every hole instead of
4:21just one. So, the bucket actually holds
4:23water now and the business starts to
4:25make more money because of it. So, when
4:27you solve multiple problems, you get
4:29better results for your clients than
4:30just solving one problem would. So, you
4:32can think of each part of the system
4:33like an AI employee working 24/7 for the
4:36business owner and their staff and each
4:37employee has their own job that they
4:40specialize in, but they work together as
4:41a team to get the best result possible
4:44so that there's synergy. So, I'm about
4:45to break down exactly which employees
4:47you should have on your team to make
4:49your decision much easier. So, the first
4:51hire is the web developer and most of
4:53these local business owners have a very
4:55outdated website that takes more than 10
4:57seconds to load or it just looks
4:59terrible on their phone because it's not
5:01optimized for someone on their phone.
5:02It's built for someone that's on a
5:03computer. 53% of people leave a site
5:06that takes longer than 3 seconds to
5:07load, but the average small business's
5:09website, the average local business's
5:10website, according to Google, takes over
5:125 seconds to load. So, some people will
5:14try to solve the problem by paying an
5:15agency thousands to build one website
5:17and then they just pay them once and
5:20then they'll also pay them if they want
5:21to make some changes. So, what the web
5:23developers do is build a website in
5:25minutes that loads fast and looks good
5:27on any phone. And because of that,
5:29they're able to get much more leads for
5:32no extra money being spent on ads
5:33because these are just people that are
5:34organically going to their website. So,
5:37let me just show you an example of this.
5:38This is a website that we built for a
5:40client of ours and if we go to the
5:41Google PageSpeed Test, what you can see
5:44is that it loads on a phone almost in a
5:46second, Extremely quick. Now, if I go to
5:48this website, which was one of the first
5:50websites I found, I put them through the
5:53same test and it took 11 seconds to
5:56load. And this is not uncommon. And like
5:58I said, if it takes longer than five,
6:0090% of people leave it. If it takes
6:01longer than three, 53% leave. And so,
6:04for this reason, this is the first AI
6:06employee that we start with because most
6:07local business owners have awful
6:09websites that people are just not even
6:12landing on. They click on it and then
6:13just leave before it loads. AI employee
6:15number two is the outreach specialist.
6:17So, there's a database on every owner's
6:19computer with thousands of names in it.
6:21And what a database is is just people
6:23that were once upon a time customers or
6:24people that went to their website and
6:25never became customers, but gave that
6:27business owner their information. And
6:28every one of those people once walked
6:30in, filled in a form, or asked about
6:32their pricing or what they could do.
6:34Then, they went quiet. And nobody ever
6:36ended up following back up with them.
6:37So, most owners forget about this list
6:39and don't realize that they're sitting
6:40on a list worth thousands of dollars
6:43that they just need to tap into. And
6:44even if they knew about it, they'd have
6:46to turn the data into a spreadsheet,
6:47give it to one of their employees, and
6:49then ask them to manually reach out to
6:50thousands of people. And that is just
6:52not something that employees will do at
6:54all. They are not going to cold call
6:56leads, especially somebody that's making
6:58minimum wage. And that's why this is
6:59such a valuable service to provide is
7:01because nothing is getting done with
7:03these databases of leads. So, what the
7:05outreach specialist does is simply text
7:08every single one of those names on the
7:09list to then drive them back through the
7:11door with a promotion that they would be
7:13interested in. So, as you can see here,
7:15this is a calendar full of appointments.
7:17Anything blue is people that showed up,
7:18anything white is people that did not
7:20show up. And all we did was took their
7:22database of leads and plugged it into
7:23our AI system. And then hit them up with
7:25an offer and drove them back in on
7:26behalf of the customer. And as you can
7:29see, they're getting a lot of
7:30appointments and they're not having to
7:31do anything to get these people through
7:32the door. And if I just show you an
7:34example of this, you can see we reached
7:36out to him and said, "Hey, we have a
7:37couple one-week free passes. Would you
7:39like one?" You can see this person was
7:41interested and then right away the AI
7:43reached back out to them. Now that it's
7:45trying to find a time that works for
7:46them and then from there it booked them
7:48in. You can see see you there. Then if
7:49we just scroll all the way down here,
7:50you can see that they showed up because
7:52we were asking, "Did you enjoy the first
7:53class?" Right? Super straightforward.
7:56That's the second thing that we do. The
7:57next AI employee is the reputation
7:58manager. 98% of people read reviews
8:01before they actually purchase from a
8:02local business, but only 11% of staff
8:04ever ask a customer for a review. So,
8:06the owner is always having to remind
8:08each of their employees to ask people
8:10for a Google review or the owner is the
8:11only one working in the business and
8:13they simply forget to do it cuz they're
8:14busy doing a ton of other stuff. And
8:15even the ones that do usually get a yes
8:18from the clients, but then the client is
8:20the one who forgets about leaving the
8:21review in the first place cuz to
8:22actually leave a review can kind of be
8:24difficult. You have to look the business
8:25up, you have to find it. And for a lot
8:26of older people, for example, like my
8:28mom, they wouldn't be able to figure out
8:29how to do it. So, after every visit this
8:32AI employee asks every customer for a
8:34rating on a scale of one to five without
8:36forgetting and never misses. And if they
8:38rate it with a four or a five, they then
8:40get sent to Google where they can easily
8:41leave a review. And then after they
8:43leave a review, they get asked if they
8:44want to bring any friends and family in
8:46with an offer. But if they rate it a
8:47three or less, the employee sends them
8:49to a private form where they can leave
8:51their feedback. That way we only get
8:52good reviews. So, this is what that
8:54looks like. You can see we reached out
8:55to them with an offer to incentivize
8:58them to give us a response. And you can
9:00see they didn't respond until the third
9:02message. They said a five. You can see
9:04from here we now directly ask them for
9:06the review where we leave the link
9:07making it easy for them to do it. And
9:09then finally, we also send them this
9:11link right here which they can send to
9:12friends and family where the friends and
9:14family can claim a free week. And so,
9:16they literally just text this link to
9:17friends and family. Once people submit
9:19this link, we then follow up with them
9:21with our AI to book their friends and
9:22family in. And the coolest part about
9:23this is that the business owner didn't
9:25have to pay any money to generate this
9:26lead. And as you can see right here,
9:28they've been getting new reviews
9:29regularly, right? All because of this
9:32system that's working in the background
9:33without them having to lift a single
9:35finger. So, number four is the website
9:37manager. The average business replies in
9:4042 [music] hours after lead up sent. And
9:4223% of business owners never reply at
9:44all. So, I don't know about you, but if
9:45I message a business and I hear nothing
9:47back, I'm just going to go somewhere
9:48else and [music] literally give them my
9:50information. The person who follows up
9:51first probably going to go there. The
9:53reason why they take so long is because
9:54their sales teams get distracted with
9:56other things. So, even if they want to,
9:58they aren't able to as fast as they
10:00should. And most of the time people just
10:02hate following up with leads, so they
10:03don't do it. The owner would have to
10:05hire someone just to answer every
10:06message they get and they cannot justify
10:08doing that cuz it would cost $3 to
10:09$4,000. And that's what this AI employee
10:11will do for them instead of that. For
10:13way less than the salary of an extra
10:15team member. And it doesn't matter if
10:16it's Sunday at 3:00 a.m. or if the
10:18entire team is on vacation, it's going
10:20to reply under 5 minutes and continue
10:22the conversation until the client books.
10:24And even if the client doesn't show up,
10:26it's going to continue working them and
10:28nurturing them. Number five is the AI
10:30receptionist. Businesses will usually
10:33have a front desk employee to answer the
10:35phone, but that employee also has other
10:37tasks to do. It's not like they're just
10:38responsible for doing that. And they end
10:40up getting distracted and they can get
10:42sick where they don't even come to work.
10:44That means not every phone call into the
10:46business gets picked up. And what the
10:47data shows is that 62% of calls to local
10:50businesses don't get picked up. And
10:52that's a huge loss because people only
10:53call when they're ready typically to
10:55come in and buy. So, if a business
10:57doesn't answer fast enough, they lose a
10:59really good potential prospect. Or
11:01they're just wasting money on marketing
11:03cuz a lot of the times people will see
11:04marketing and then call because of that.
11:06So, when a call gets missed, the
11:07automation will text the lead back right
11:09away. And then it will answer any
11:10questions that they have, book them in
11:12for an appointment, qualify them, remind
11:14them of their appointment. And then if
11:15they don't show up, we'll handle
11:16rescheduling them for their appointment.
11:18Number six is the AI closer coach. You
11:21could do everything right and get tons
11:23of appointments and tons of people to
11:24show up for a business owner, but they
11:25still won't get the results that they
11:27want because their team is incapable of
11:29closing anyone. And And estimated that
11:3070% of the staff at local businesses
11:32never get any type of sales training at
11:34all. Because training a team means the
11:36owner has to hire someone to train them
11:38or he or she has to train them their
11:40self. And a lot of the times they just
11:41do not have the time or money to do
11:43that. So to make sure that the team can
11:45actually sell this AI coach will role
11:47play the conversations with [music]
11:48their staff and review their sales calls
11:50and give each one of them a personalized
11:52breakdown of what they could have done
11:53differently to help them get better when
11:55it does come to how to actually close
11:58deals. And so as you can see right here,
12:00this is an example of it right now where
12:02I'm asking it to role play with me.
12:03Right, it said, "Hey, how's it going?
12:05I'm supposed to meet with somebody about
12:06that free two-week pass I saw online."
12:08Right, what I'm going to say is just an
12:09example to see what it will do and I'm
12:11going to give it a bad example of what
12:12not to do. Yep. So the way that works is
12:14you give us $99 and then if you're not
12:16happy, we refund you that $99. If you
12:19are, you continue on for a membership.
12:21So you can see what it responded with.
12:22Now I'm going to say, "Was that the
12:24right response?" Right? So see, it
12:27breaks it all down for you and a lot of
12:28the times most of these people bad job
12:30with just common objections and they say
12:33the wrong stuff to very basic questions.
12:35And so what this does is corrects them,
12:37but more importantly it reviews their
12:39calls as well, their live calls, which
12:41is where they get a lot of the value.
12:43And the last employee is the marketing
12:45director. So what most business owners
12:46do is they end up paying thousands of
12:48dollars to media buyers or to their
12:50managers to run their ads even though
12:52it's not their job. And then what ends
12:54up happening in those situations with
12:56the managers is they waste thousands of
12:57dollars or the business owner will try
12:59and do it on their own and they'll look
13:00at the ads once a month or maybe a
13:02couple times a month and get really bad
13:04results. And those ads aren't getting as
13:06many clients as they should because
13:07they're not contacting the leads fast
13:09enough. So what the marketing director
13:10does is it creates the ads, runs the
13:12campaigns, and when someone submits
13:13their details, they then get followed up
13:15with right away. Then it continues the
13:16conversation until the potential client
13:18books a call or books an in-person
13:20appointment. And then when this system
13:21is in place, the business won't lose a
13:23single lead. So no dollar they spend on
13:26getting clients is wasted. And that's
13:28what ends up allowing them to get a lot
13:29more clients and make a lot more money
13:31for the money they're investing into the
13:32marketing that they're actually doing.
13:34And so as you can see right here, this
13:36is an example of an ad that we're
13:38running for a customer right now. When I
13:40click this, it takes me directly to the
13:41landing page we built for them. Once
13:43they submit their information here, they
13:44then get reached out to. And as you can
13:46see, this is an example of a lead that
13:49submitted their information but did not
13:51book an appointment right away. And so
13:53you can see the AI is following up with
13:54them. You can see they just responded
13:56and apologized. And then from here, it's
13:58trying to find a time that works. They
14:00lock it down right there. You can see it
14:01reminding them and nurturing them. And
14:03then from here, we know they showed up
14:04because then the review automation fired
14:07to try and generate a review from the
14:09customer. And as you can see right here,
14:11when you do provide a system like this,
14:13you get incredible reviews from
14:15customers because it's not something
14:17that anyone else does. And you can see
14:18her breaking it all down right here.
14:20This was somebody that worked with
14:21another company before us that just ran
14:23ads for them. They were convinced that
14:24marketing didn't even work after working
14:26with this other company because they
14:28were completely stagnant even though
14:29they were spending over three grand a
14:30month. Where now, they're considering
14:32buying another location and they're
14:33making money. Before they were losing
14:35money. So we've helped them to get to a
14:37place where they're profiting and
14:38they're now confident about buying
14:39another location because they have a
14:41system that actually brings people
14:42through, which is our AI system. So you
14:43can copy my system and start selling it
14:45to every local business, but the amount
14:47of money you make will completely depend
14:50on the type of business that you work
14:51with. Most people will scrape thousands
14:53and thousands of leads of potential
14:54clients and then send them the exact
14:56same AI generated message, which does
14:59not work. I had a partner that used to
15:00do this and he sent 1,500 of those
15:03messages over the course of three months
15:04and he was able to get three calls. And
15:06three months of work for three
15:08conversations is insane. And even if
15:10they are people that end up signing up,
15:11even if you did close them, they'd have
15:13to do it again and again month over
15:15month. It's not a scalable model. The
15:16cycle of getting clients ends up never
15:18ending. But that's because they're
15:20targeting the wrong type of business. So
15:22instead of trying to get every random
15:23business owner as a client that AI spits
15:25out to you, only go for clients that own
15:27franchises. And here's why you want to
15:29do that. Because most big franchises
15:31have things called advisory boards where
15:33a handful of big owners talk about
15:34what's working and what's not, and then
15:36they share it with everyone else in the
15:38franchise. Because unlike independent
15:40business owners, franchise owners don't
15:42compete with each other. A gym owner in
15:43California is not competing with a gym
15:45owner in Texas, even another gym owner
15:47in California in a different town.
15:48They're not competing. They own the
15:50exact same business but in a different
15:51market. So, there's no downside to them
15:53if they tell the other one what actually
15:55is helping them make money. So, when one
15:57of them finds something that's actually
15:59working better than what they're
16:00currently doing or better than what
16:01they're doing on their own or better
16:02than what they've been doing with
16:03another company, the whole network ends
16:05up hearing about it. And if you're the
16:07thing that is making the business grow,
16:09if you're the thing that's new and
16:10different, the other owners are going to
16:12want to work with you. And they're going
16:13to have heard about it. And all the
16:15owners in one franchise run the exact
16:17same business model. So, if they know
16:19that something worked for one of them,
16:21they know that it's going to work for
16:22them. There's no confusion around that.
16:24And so, that's why I call them master
16:26key clients because one client unlocks
16:28every other client that you could
16:30potentially work with. So, you don't
16:31need 200 clients, you just need one
16:33client that has 200 friends. And I
16:35discovered how great franchise owners
16:37are as clients by accident. In 2019, I
16:40signed a guy up by the name of Jeff.
16:41Jeff owned a dozen Anytime Fitness
16:43locations. And at the time, I did not
16:45know that franchise owners speak to each
16:48other in the way that they do. But I
16:50still did the best work I could to try
16:52and really help him. And then what ended
16:54up happening is something changed my
16:56entire business. Jeff ended up telling
16:57other owners about his experience while
16:59working with me. And then I literally
17:01acquired over 200 customers without
17:03spending a dollar on ads, without
17:05sending a single text, DM, email. And I
17:08also didn't do a single cold call
17:09because these were people that Jeff
17:11spoke to about his experience working
17:13with me. And they just wanted to work
17:14with me because they they it'd would
17:15because they knew they had the same
17:17business as them. So, let me show you
17:18how to get franchise owners coming to
17:20you rather than you having to chase them
17:21down by doing cold calls, running email
17:23blasts, or doing any of the [music]
17:24stuff that most people try to do at the
17:26start that if you don't really have the
17:28time to do it, you probably won't end up
17:30being able to do it successfully. So,
17:32what you want to do is run ads because
17:33when you're running ads, people are
17:35coming to you. They've already
17:36determined they have a problem that they
17:38want solved and if your ad speaks
17:40directly to what you do, they've already
17:41determined that so they just come to
17:43you. Versus when you're cold calling or
17:44doing cold outreach, you're trying to
17:45convince someone of a problem so you
17:47have another hurdle. With this, you only
17:48have the hurdle of convincing them that
17:50you're the right person to fix their
17:51problem. And so, here's an example of an
17:53ad account of one of my partners. As you
17:54can see, they're getting leads for right
17:55around $3.60 and this particular
17:59customer actually goes after
18:00accountants. This one goes after HVAC
18:03and as you can see, they're getting
18:04leads for under $4 as well. This one
18:06goes after roofers and as you can see,
18:07they're getting leads for very little
18:09money as well. And this one goes after
18:11contractors that do concrete driveways,
18:14that basically lay driveways. And as you
18:15can see, he's getting leads for very
18:17little money. And so, the reason why
18:19they're getting so many leads is because
18:20I give them the exact ads that they need
18:23to run and I built a project in ChatGPT
18:27that breaks down top to bottom how to
18:29actually go about doing this based off
18:31the ads that I've spent over a million
18:32dollars to figure out what works to get
18:35local business owners to book a call
18:36with you in the first place
18:38when it comes to growing their business
18:39with AI and it just works every single
18:40time. So, as you can see right here, it
18:42outlines the copy, it outlines the
18:44headline, the description, and the
18:46button. And then from there, you can see
18:48it's breaking it down here as well. And
18:50then you can see it literally creates
18:51the images that are proven to work. And
18:53then in addition to that, it will even
18:55explain to you how to set up the ad
18:57campaign from a tactical standpoint as
18:59well, which is where a lot of people get
19:01messed up. But just to give you, to save
19:03you from the confusion, all you need to
19:04do is lead generation as the objective
19:07at the campaign level and then just do
19:09open targeting. Don't do any custom
19:11audiences, don't do any interest-based
19:12targeting. Literally just do America and
19:14Canada and then exclude Quebec because
19:16they speak French. Just exclude Quebec.
19:18And then from there, that's literally
19:20it. The targeting happens on the
19:22creative, as you can see right here, cuz
19:24Facebook knows who is a roofer and who's
19:27not. And if you just do it to America
19:28and Canada, it will distribute the ads
19:30only to roofers. It's literally that
19:32good and it's that simple. So now you
19:34know to start a business that will
19:35thrive on this wealth transfer, but
19:38there's something else you need to know
19:39before you try to get business owners on
19:41a sales call with you. You need to
19:42understand how to actually sell the
19:44system that I just broke down. Now, if
19:46you've never sold something, this can
19:48feel very challenging and might even
19:50scare you a little bit. And I used to
19:52freeze up on sales calls as well when I
19:53first got started because it's something
19:55I'd never done before. But after taking
19:56over 4,000 of them, I've developed a
19:59very simple framework that anyone can
20:01use that's taken complete beginners from
20:03zero to closing at over 50% and I show
20:05exactly how to use this in this video
20:07right here. So go check it out before
20:10you take a single call because it will
20:11save you a lot of pain and headache and
20:14will actually show you how to close
20:15deals. Check it out.

About this transcript

This page contains the full transcript of The Largest Wealth Transfer in History Just Started (and nobody realises) by JP Middleton, generated from the public captions YouTube serves with the video. The transcript has 4,949 words across 686 segments, with the original timestamps preserved so you can click any line to jump to that moment in the embedded player.

What you can do with it

Use the transcript to take notes, quote the speaker, build a study guide, generate a summary with ChatGPT or Claude via the YouTube Summary tool, or export it as a timed subtitle file with YouTube to SRT. You can also re-open it in the transcriber to translate the transcript into 100+ languages.

Free YouTube transcript tool

YouTube2Text is a free YouTube transcript generator — no signup, no daily limit. Paste any YouTube link and get the full transcript instantly, with timestamps, click-to-jump, translation to 100+ languages, AI prompts for ChatGPT, Claude, and Gemini, and exports to TXT, SRT, VTT, or Markdown.