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In this video tutorial, the host, Feeble Lame, offers three steps to help new business owners predict their sales forecasts. First, he emphasizes the importance of researching the industry average conversion rate, as this data can indicate potential sales. For instance, if a 2% conversion rate is common, it means that 2 out of every 100 viewers of a sales video are likely to make a purchase. The video aims to assist viewers in determining the feasibility of their business ideas, estimating potential sales, and understanding the work required to achieve these goals. The channel offers weekly content to help viewers increase their income and succeed in business.