Coaching Our Producer To Make $5000/Hour With Consulting
Key nuggets from my first million podcast
Key nuggets from the My First Million episode coaching their producer on how to charge Mr beast who he has been consulting with.
Insight: It is important to recognize that the universe has a way of evening itself out, and that sometimes the inputs do not match the outputs.
Key Point: It is possible to get lucky once or twice, but if people consistently pay for something, it is because that is what it is worth to them.
Action Point: When giving advice, it is important to make people feel uncomfortable, as it can challenge their moral code and push them to think outside the box.
Decision: It is important to have a long-term view when investing in start-ups, as this can lead to bigger returns.
Insight: Airbnb has made it possible for anyone to make money by creating a cool farm and huts in a unique location.
Key Point: Content creators can also use this strategy to create unique experiences for their viewers.
Action Point: When looking for a property, it is important to consider the thumbnail pictures on Zillow, the highest booking rate on Air BNB, and a unique feature that will draw people in.
Decision: It is important to be aware of the opportunities that are available when angel investing, and to build a strong brand and reputation to ensure that people want to reach out to you when they
Partnering with schools to become the exclusive provider of a product or service is a common sales tactic. Schools are now requesting a 90 day proposal period to talk to multiple companies before making a decision.
Kira Cubby is an example of a company that was created to make it easier to collect tuition payments and pay bills. They sold a revolutionary product that made teaching easier for teachers and reached 50% of the US elementary school market.
To reward their customers, the company held a contest where the winner would receive 60 minutes of Shawn and I's time, as well as a TikTok contest where customers could win $5,000. They plan to continue to hold these contests in the future.
Watch full episode here -