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In this video tutorial, the host, Feeble Lame, guides new business owners on predicting sales forecasts for their ideas, outlining three essential steps. Step one emphasizes the importance of researching the industry average conversion rate, which can typically be found online. An example given is a 2% conversion rate, where 2 out of 100 viewers of a sales video become buyers. The video aims to provide valuable insights to help viewers understand potential sales and the effort required to achieve them. The host also encourages viewers to subscribe for weekly content aimed at enhancing income and achieving success in business and life.