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Show Notes

Episode – 04-22-16

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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.

Sponsored By:

https://freshbooks.com/48days   Easy invoicing and accounting system. Try free for 30 days!

Harrys.com – use 48Days as the code to get $5.00 off your purchase of Dan’s favorite razor

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?
  • The list changes a little every year
  • How To Win Friends And Influence People
  • The Compound Effect
  • Man’s Search For Meaning
  • The Magic Of Thinking Big
  • Essentialism
• 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:

• Casper – Use code SleepYouLove to get $50 toward any purchase – and free shipping
• Dan’s Coaching Experience – The premiere coaching service offered by Dan
• Raising Entrepreneurial Kids – The latest from Dan on how he raised kids with a passion for entrepreneurship
• com/Mondays – Dan’s 5-step process for dealing with change
• https://www.48days.com/video – If you’re just getting started on the 48 Days process
• The Ultimate Advantage Cruise– February 2017
• 48 Days Coaching Mastery Program– for those wanting to build a high level business in coaching
• Personal Mission Statement– free form to create your own
• com/acres – become one of our 48Days Seminar Coordinators
• Casper Mattresses – Use the code SleepYouLove to get $50 off any purchase and free shipping
• Innovate – Sanctuary, Franklin, TN  May 26-27^th
• Coaching with Excellence– Sanctuary, Franklin, TN  May 12-13^th
• Launch Conference– Orlando, FL April 3-7^th
• Social Media Marketing World– San Diego, CA April 17-19^th
• New Media Europe– London, England  June 18-19^th
• Podcast Movement– Chicago, IL July 6-8^th
• The Ultimate Advantage Cruise– leaving from Ft. Lauderdale, FL Feb 12-19th, 2017
• com– use 48Days as the code to get $5.00 off your purchase of Dan’s favorite razor

 

Credits:

• Show Notes provided by Mallard Creatives