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In this video tutorial, the speaker introduces three steps to help new business owners predict their sales forecast. Firstly, he emphasizes the importance of researching industry average conversion rates, which indicate the percentage of potential customers that typically convert into buyers. For instance, a common rate is 2% for online sales videos. This foundational knowledge aids in estimating sales potential. The video is presented by Feeble Lame, a wealth and life coach, and encourages viewers to subscribe for more content aimed at enhancing income and achieving success in business and life. The video promises actionable insights for assessing business viability and planning for success.