Comments on: Why Entrepreneurs Go Broke

By: Rob

Rob — Tue, 23 Feb 2016 08:20:08 +0000

What’s your site?

By: Michael Feldman

Michael Feldman — Mon, 04 Jan 2016 17:46:44 +0000

Be careful in diving into a highly competitive market with a high-end product. If the product is expensive to make it might eat into your budget fairly quickly. Do market research first and make sure you can get potential clients, commitments or at least a pool of interested people before production.

By: Josh

Josh — Mon, 16 Nov 2015 14:01:55 +0000

Hey I want to create an online product/an online product series.
Could you do more specific stuff targeting problems like How to Launch or How to market your product the best way? And also could you do something about content creation?

By: sarfraz khan

sarfraz khan — Sat, 07 Nov 2015 19:11:48 +0000

Hi, Derek. I have been following mainly you of all the entrepreneurs I know. I am making a short ebook probably a 100 pages ebook on building a gaming computer on my website. My niche is the same but I am doing it in a practical way this time. But I don’t know what mini course should I make so that I can get subscribers and make my this product sell? I would love to know your suggestions:)

By: Scott

Scott — Wed, 04 Nov 2015 09:08:27 +0000

Competition is good. It allows you to create a monopoly of control in your market. You just need to create an experience that no-one else can replicate.

By: Scott

Scott — Wed, 04 Nov 2015 09:06:54 +0000

When you take people who are great at what they do, and show them how to make a lasting impact on a large amount of people, you can change the world.

Learning to sell is everything. Without sales you are never truly capable of focusing on the thing you are truly incredible at. You can never make the impact you are meant to make. You can never help the people you could have helped.

I had the exact opposite problem. I started my first company with $105 and turned it into just under $1million in 2.5months. Then I lost it all in 7 days.

Why? Because I was still thinking at a $105 level, rather than at a $1million level. I didn’t ask the right questions at the right times, questions which now I would ask immediately. I trusted my new team, but I also handed complete responsibility to them without proper management. I started listening to what I “should” be doing, rather than what was actually working.

I turned that enormous loss into something that I am now extremely proud of. Showing coaches & consultants how to grow their businesses rapidly and sustainably & become Million Dollar Experts. And I’ve grown that even faster than I did my other company.

Sales is something everyone needs to learn, and I’m so glad you’re taking the opportunity to share your knowledge with your tribe.

By: Elna Cain

Elna Cain — Fri, 30 Oct 2015 14:30:48 +0000

Derek,

Can’t wait to read about product launches and the do’s and don’ts of it all. I’m in the midst of setting up a course launch. I have a beta reader and set up a waitlist. I’m enticing my list by giving them nuggets of the back end of my course as well as a free lesson they get. And in the end, a nice discount for being loyal and waiting.

I’ll be looking forward to your content!

By: Brittany Moore

Brittany Moore — Wed, 28 Oct 2015 15:58:34 +0000

Have you looked at implementing mailchimp in your joomla site? If joomla isn’t working for you, I recommend switching to a different platform. Developers charge a lot of money and you can get what you need if you know the right tools to use.

By: Elizabeth

Elizabeth — Wed, 28 Oct 2015 15:35:56 +0000

Focus a marketing plan around promoting just one of those courses, the most popular for example. Work on getting that program out to more people. You’ve been spreading yourself thinner but haven’t been taking advantage of going deeper. There are more people out there who would benefit from your course, now you just focus on finding them. This could be through webinars, guest posting/podcasts, creating valuable freebies and promoting those in FB groups, buying FB ads to promote your free content that leads interested people to a solution that solves all their needs, etc.

You are obviously talented and smart, you’ve done an amazing job building a list and a reach, now you just need to go deeper. Another idea, is finding someone with a compatible product and reach and cross promoting for each other.

By: Elizabeth

Elizabeth — Wed, 28 Oct 2015 15:30:26 +0000

Anna Lee,

You don’t need a degree, just experience doing something better than most people and the confidence to charge for it. You can do this girl! More education isn’t the answer unless it leads you to exactly where you want to be. Most often though, it just leads to a job you don’t enjoy that much and are just doing for the benefits.