Do I have to be great to succeed?

042216-podcast

Show Notes

Episode – 04-22-16

Title: N/A

Subtitle: N/A

Summary:

In this episode, Dan tackles a variety of questions from the 48 Days community, while keeping the conversation focused on a quote from David Foster: “I was good, but not great.” Listen in to learn why you don’t have to be great to succeed – and to learn all about online business in an interview with Jim Cockrum, Amazon sales guru and bestselling author of Silent Sales Machine.

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Time Stamped Show Notes:

  • 01:10 – Preview of today’s topics and questions
    • I have $2600 – how can I double my money?
    • My daughter creates custom made blankets for babies/kids and pets. How can she increase her income?
    • What books do you reread every single year?
    • How can I get out of a family-owned business?
  • 02:17 – Today’s Quote
    • “I was good but not great” – David Foster
  • 4:20 – Today’s Resources at 48days.net
    • Dr Jason Cabler – 9 Ways to Build your $1000 Emergency Fund Quickly – 48 days.net
    • Chris Colville – He’s renting the local community club house to run a 48 Days seminar
  • 15 – Question from Troy: You often talk about finding a way to use your passion to make profits – not directly through the passion, but in related field. How can I turn my passion for fitness into a living?
    • David Foster: “I was good, but not great” – if he’d been a better musician, he would have been in an orchestra.
    • By finding an alternative way to use his passion, he became incredibly successful
    • Massage therapists boomed along with the back problems caused by computer programmers
    • Samuel Brandon became the first millionaire of the California Goldrush – by selling supplies to miners
    • You don’t have to be great to succeed – sometimes when you are less ‘successful’ you find a different path that works for you.
  • 11:15 – Question from Dean: My daughter creates custom made blankets for babies/kids and pets. How can she increase her income?
    • When you’re doing something like that, it’s time- and labour- intensive
    • It’s not ‘scaleable’ in the traditional sense
    • One woman has been successful selling patterns for doll clothing – moving from a physical product to a digital product
    • How can you make something once and sell it a thousand times?
  • 16:48 – Interview with Jim Cockrum, author of Silent Sales Machine
    • Jim writes the same book every year – he updates the version
    • People who have bought one copy receive the updated version for free
    • “I’ve turned my readers into my marketing staff”
    • Amazon success stories
    • Jim’s course on successful selling on Amazon
    • People become incredibly successful selling physical items online
  • 29:10 – Question from Greg: What books do you reread every single year?
  • 19:14 – Question from anonymous: I have $2600 – how can I double my money?
    • Doubling your pay in an hourly-pay job is unlikely to happen
    • What could you do to make $2600?
    • Spend money on silver at garage and estate sales, clean it and sell it online?
    • Buy a fixer-upper home and do it up?
    • Become the graffiti removal expert in your town?
    • Take what you’re skilled at, put a little money behind it, and look for opportunities
  • 39:50 – Question from Amy: How do I stay motivated now that I’ve got started as an entrepreneur?
    • Set goals. Identify what you want to accomplish this year and track yourself.
    • Be personally disciplined and create structure for yourself
    • Get in a Mastermind group
  • 41:50 – Question from Landon: How can I get out of a family-owned business and start my own company?
    • What are your unique skills?
    • A family business can be really tough to work in – if you think it’s time to move on then get out
    • Don’t just walk away – make it a reasonable business exit and get your fair share
    • Understand yourself. What do you do really well? What do you enjoy?
  • 44:30 – Question from Barbara: You’ve mentioned an organisation that makes loans in developing countries. What’s the organisation
    • It’s called KIVA
  • Upcoming conferences and appearances
    • Coaching With Excellence – Sanctuary, Franklin, TN May 12-13th
    • Innovate – Sanctuary, Franklin, TN May 26-27th
    • New Media Europe, London – London, England June 18-19th
    • Podcast Movement – Chicago, IL July 6-8th
    • The Ultimate Advantage Cruise – leaving from Ft. Lauderdale, FL, Feb 12-19th 2017

 

3 Key Points:

  1. You don’t need to be the best to succeed. Often taking a more unconventional path leads to work where you excel.
  2. Look inward. Focus on what you’re skilled at, and what you enjoy doing. Put a little money behind it, look for opportunities – and you’ll have started your entrepreneurial journey.
  3. Think about scaling – how can you make something once and sell it a thousand times? How can you turn your current products into opportunities for growth?

Resources Mentioned:

 

Credits:

  • Show Notes provided by Mallard Creatives

 

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