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Learn How an Entrepreneur Grew a $50 Million Business from Home with Jeff Bishop

Jeff Bishop is the co-founder of the fastest-growing stock market education site in the world.

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Resource

RagingBull – Learn how to trade stocks and options.

3 Value Bombs

1) Get your excitement combined with value you can add in to this world. When you find where these two things co-mingle, that is your zone of fire.

2) Stay in your own lane. Don’t get distracted looking at someone else’s business.

3) Everybody is good at something. Try to find a way to tweak that into a niche.

Sponsors

HubSpot: Customer expectations are at an all-time high, and making things easy is how you’ll win. Learn more about how HubSpot can help your business grow better at HubSpot.com.

ZipRecruiter: Outstanding talent is crucial for a successful business. And if you’re hiring, you can find talent for any role at ZipRecruiter. Try it for free today at ZipRecruiter.com/fire!

Ketone-IQ: There is a product out there people are calling nature’s superfuel in a bottle! Introducing the world’s best kept secret: Ketone-IQ. The next 100 people to visit Ketone-IQ.com and use promo code FIRE at checkout will save 20%!

Show Notes

**Click the time stamp to jump directly to that point in the episode.

Today’s Audio MASTERCLASS: Learn how an Entrepreneur grew a $50 Million business from home.

[00:51] – Jeff shares something interesting about himself that most people don’t know.

  • He is a member of Mensa. It is a group of people consisting of 2% of the world population who have a higher IQ compared to the rest.

[01:46] – The challenges of working at home.

  • One of the challenges is you don’t see people.
  • You’re self-motivated. You’ve got no boss to tell you what to do everyday.

[03:46] – How do you find the right business for yourself?

  • Do what you love.
  • Everybody is good at something. Try to find a way to tweak that into a niche.
  • The top 3 things that people care the most in their lives:
    • People will pay a lot of money to make their kids better.
    • People will also pay a lot of money for information on health.
    • People will spend a lot of money to make more money.
  • Get your excitement combined with value you can add in to this world. When you find where these two things co-mingle, that is your zone of fire.

[07:14] – Not many people are serving others on a massive level. How do you find your micro-niche?

  • Tune in for Jeff’s advice!

[08:31] – How do you scale an Internet business?

  • Learn the basics of Internet marketing.
  • Define what your brand is and what it stands for. Stick to it.
  • Learning how to see Facebook Ads is a great way to start.
  • If you believe enough in your product, you’ve got to invest in your advertising.

[11:18] – A timeout to thank our sponsors, HubSpot, ZipRecruiter, and Ketone-IQ!

[11:26] – How should an entrepreneur look at their marketing budget?

  • Know what you need to sell your products for and how you’re going to acquire customers online with advertising.
  • Know the lifetime value of your customers.

[14:19] – How do you acquire people into your business vs. just getting an initial investment?

  • He started with one hyper-focused opportunity, and proved his concept.
  • Ask what your customers want, and in what further ways can you help serve them.

[16:38] – People don’t recognize the fact that you can still build a team without an office. How is that possible?

  • Working at home enabled him to hire the best people in the country versus just in his city.
  • Performance-based sales makes everyone feel like they’re part of the family, part of the success, and part of the failure.

[19:37] – Jeff’s tip for hiring.

  • Look for people who excel in sports. They’re the ones who are driven and hard working.

[20:50] – Jeff’s parting piece of guidance.

  • Stay in your own lane. Don’t get distracted looking at someone else’s business.
  • RagingBull – Learn how to trade stocks and options.

Killer Resources!

1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!

2) Free Podcast Course: Learn from JLD how to create and launch your podcast!

3) Podcasters’ Paradise: The #1 podcasting community in the world!

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