01:58 – Some course examples
04:00 – One-page versus master classes
06:11 – What 10XPRO allows
07:10 – The customization possible
08:40 – Other great features
10:23 – Where converts come from
12:26 – Bring your own assets
14:30 – The power of integration
17:52 – Bringing people back
19:06 – What about payments?
20:56 – Incorporating media
23:44 – Course completion and certificates
26:03 – Preparing your course
30:13 – On video content
32:55 – Rounding things out
James: James Schramko here. Welcome back to SuperFastBusiness.com. This is Episode 629. Actually, I'm going to be revisiting a topic that I covered many episodes ago, around Episode 316. There was an episode called How To Create Your Course Fast. Today we're digging a little more into the topic of courses. I’ve brought back my special guest, John Lint, as part of The Membership Series. Welcome back, John.
John: Hello hello, how are you?
John: Good. We were just chatting about memberships. Recently, you've got 10X PRO.io software that does memberships. It's similar to some of the other products out there in the market, on the surface. You think it's a software that can build funnels, so it's a little bit like ClickFunnels. It's software that can create courses, so it's a little bit like Kajabi and those sort of tools.
00:50 - A satisfying yet frightening move
02:31 - You’re no longer in quicksand
03:49 - No more need to budget
04:37 - You do your part for the economy
05:14 - Your kids can explore their passions
05:34 - You can pay for someone else’s time
06:53 - Time to enjoy your own passions
07:26 - Projects that don’t pay
07:59 - Better physical health
08:20 - You no longer hate Mondays
09:02 - You love what you do
09:25 - No more “one day” mindset
10:23 - You can’t be fired
James Schramko here and welcome to Episode 628 of SuperFastBusiness. This is a podcast which has been published for many, many years. Today I'm going to talk about 12 reasons why $10 million per year may in fact be more than enough. Perhaps $1.2 million is plenty.
A satisfying yet frightening move
You see, 10 years ago I walked into the car dealership I was being paid $300,000 a year to run, and handed in my resignation. To this day, it remains one of the most satisfying things I've ever done, and also one of the most frightening, for all that $300,000 a year is a lot of money.
The job was highly stressful. It involved me working six days a week and didn't afford me a good lifestyle. Adding insult to injury was the fact that there was little leftover from that yearly amount once taxes and the expenses of raising and schooling four children in Sydney, one of the world's most expensive cities, were paid.
What allowed me to pull the trigger on quitting my job? Well, for three years, I'd been working a second shift each night, 9 p.m. to one, two, or 3 a.m. sometimes, building up a secondary income from my online businesses. I'd always said the day the income from my online ventures matched the income from my job, I’d quit my job.
But while it was very satisfying to hand in my notice at the dealership, anyone who has their own business knows hanging out a shingle for yourself often involves swapping a bad boss for a worse boss, you. I once heard someone say that you need to be earning three times as much working for yourself as you would for someone else in order for all the stress and hassle of owning a business to be worth it. So upon quitting my job at the dealership, I set about getting my yearly income above the $900,000 mark. Within three months, I was making six figures a month, and I've gone on to do so every month since. Now, this was over 10 years ago.
02:00 - The underlying motivation
03:10 - So, what do you do?
04:20 - What does success look like?
06:44 - This one’s powerful
08:05 - The importance of surroundings
09:24 - That thing called fun
10:45 - Routine and effective hourly rate
12:04 - How the business is structured
13:53 - Scoping out the team
15:03- What’s the business model?
15:44 - Products, services and pricing
17:20 - What’s the best hook?
18:16 - Looking for solid systems
19:18 - The competition involved
20:11 - Cash flow and marketing
22:45 - Owning the racecourse
23:21 - Costs versus revenue
23:46 - Affiliates and presence
24:44 - The sales view
25:09 - Understanding the owner
James Schramko here and welcome to Episode 627 of SuperFastBusiness. This podcast is going to be just me today. I want to share with you some insights behind the scenes of when I'm coaching a business, and what I'm looking for as I'm doing the diagnostic process.
Now, I recently ran a training inside SuperFastBusiness membership for members, where I went through a diagnostic that I go through when it comes to my highest-level program. And using that diagnostic checklist, members are able to now tune up their business and see where the big gaps are because this is a gap analysis exercise. You can see where you're at, you can see where you should be, and you can see what the gap is. And that provides the opportunity for you to make an action plan to achieve that gap.
Now, you will need some expertise, of course, along the way. And this is where I help members by coaching them. But in this episode, I want to share with you why I ask some of the questions I ask and what I'm looking for. And you might get an indication as to what some of the green flags are that would help you know if you've got a great business that's just doing okay. Maybe you've got a $500,000 a year business that should be a $5 million a year business. Maybe you have a $10,000 a year income that could easily be $100,000 a year. That's what I want to go through in today's episode. It’s a solo podcast episode today, just me. I hope you enjoy it. So let's get into it.