Million Dollar Weekend
I took a lot of highlights with this one. Motivational, inspiring, and practical. I will be coming back to these notes over and over as I embark on my business ventures. Don’t be afraid to ask for what you want. In fact, develop your asking powers like a muscle. Also, don’t try to figure out how to do something before you start. Just start and figure out how along the way.
Summary and Highlights
Ordinary people start profitable businesses every single day.
You do have problems, and so do your friends and every other person in this world. Thatâs all you need to generate million-dollar business ideas.
Choose the three you think will be the most fun to work with.
In the early mornings, evenings, and weekends. Once youâve validated an idea, and youâre pulling in enough to cover your minimum monthly expensesâaka the Freedom Numberâthen you can quit.
Iâve started a few different businesses. They do okay and then I lose interest
But how will it scale? Focus on starting. Then figure out how to scale.
You will never feel 100 percent ready to start. You just need to start. Donât buy another book or watch another video until youâve worked through THIS process and started your million-dollar business.
Marketing is easy when you have a product people want.
Find a problem people are having that you can solve.
Craft an irresistible solution whose million-dollar-plus potential is backed by simple market research.
Spend NO MONEY to quickly validate whether your idea is the real deal (or not) by preselling it before you build it.
Derailed by the same two fears:
FEAR OF STARTING At some point people are told entrepreneurship is a huge risk, and you believed it. You figured more preparation, more planning, and more talking to friends Would help you overcome your insecurities. But that inaction only breeds more doubt and fear.
The best way to learn what we need to knowâand become who we want to beâis by just getting started. Small EXPERIMENTS, repeated over time, are the recipe for transformation in business, and life.
FEAR OF ASKING Soon after starting, the fear of rejection emerges.
You have some impressive skills, an amazing product, every advantage in the world, and youâll never sell a thing if you canât face another person and ask for what you want. Whether you want them to buy what youâre selling or help in another way, you have to be able to ask in order to get. Once you reframe rejection as something desirable, the act of asking becomes a power all its own.
Everything you do in this book, and after, should be viewed as an experiment
Experiments are supposed to fail.
And should they fail, you just take what youâve learned and try again a little bit differently.
Most people never pick up the phone, most people never ask. And thatâs what separates, sometimes, the people that do things from the people that just dream about them. You gotta act. And you gotta be willing to fail.
Business is just a never-ending cycle of starting and trying new things, asking whether people will pay for those things, and then trying it again based on what youâve learned. If youâre afraid to start or ask, you canât experiment.
And if you canât experiment, you canât do business.
Business is an amazing opportunity to learn about yourself, play with ideas, solve your own problems, help other people, and get paid all the while.
Approaching it this way will free up your imagination, make you less judgy and critical of yourself, and allow you to open yourself up to playful experimentation.
Limiting time to a weekend forces you to become inventive, focuses your attention only on the things that matter, and shows you how much more you can do with limitations.
The most powerful growth tool today for solopreneurs is a system of content creation, audience building, and email marketing.
Youâll need a different approach and different system to organize your daysâone that optimizes for your overall happiness above all else. (Or why do any of it, right?)
There are two mistakes one can make along the road to truth . . . not going all the way, and not starting. âBuddha
Focus above all else on being a starter, an experimenter, a learner.
Defining yourself by the things you do each day (the process) will get you to where you want to be quicker and more joyfully than measuring yourself against others.
The Magic of NOW, Not How.
Fully embrace what I call the NOW, Not How Habit.
- Most people: Overthink first, act later.
- Every successful entrepreneur: Act first, figure it out later.
Any analysis ahead of action is purely speculation.
A simple mission to hit a monthly revenue number is the most effective form of early motivation.
You first need to choose your Freedom Number.
What can YOU do in your business to make money this week? Today? Right now?
If you commit to nothing, youâll be distracted by everything.
The Freedom Number helps us not get lost in abstraction or complexity; it reminds us the mechanics of business are simple.
Choosing your Freedom Number.
Start by choosing a short-term monthly revenue goalâyour Freedom Numberâand make it a number that doesnât scare you.
Who you are, what you have, and what you know right now are more than enough to get going.
Love rejections! Collect them like treasure! Set rejection goals. I shoot for a hundred rejections each week, because if you work that hard to get so many noes, in them you will find a few yeses, too.
The upside of asking is unlimited and the downside is minimal.
Be persistent. almost every no you get can eventually become a yes. Persistence will reveal that most noes are actually a ânot now.â
Follow Up! Studies show that if you initially get a no, your follow-up ask is TWICE as likely to get a yes.
Selling is helping.
If you believe your product or service improves the lives of your customers, sales is just education.
If you believe your product or service can fulfill a true need, itâs your moral obligation to sell it.âZig Ziglar
Three Ws of business:
- Who you are selling to
- What problem youâre solving
- Where they are
Sell ideas to a small early adopter group before youâve built the product (or spent a cent) in order to validate that there is a market that will pay.
When in doubt, solve your own problems. If you are willing to pay for a solution, itâs likely others are, too. And at least youâll have one happy customerâyourself.
Minimum viable product or MVP. Create the simplest possible version of what youâre offering and start selling it right away.
That way, instead of endlessly refining something in a vacuum, you use feedback from actual customers to incrementally develop an offering people absolutely want to buy.
Create opportunities within the context of who they are, what they know, and especially who they know.
Validation process begins with potential customers in the entrepreneurâs orbit. Actual people with names. Tribes you belong to or are interested in, most of whom are already self-organized online.
Who do you have easy access to that youâd be EXCITED to help?
The better you understand your target group, the better you can speak to them. The more specifically you can speak to their problems, the better and easier you can sell or test products.
This process prioritizes communication with people, through starting (taking the first iteration of your solution straight to customers) and asking (engaging them in a conversation to determine how your solution can best fix their problem). Business creation should always be a conversation.
Become a Problem Seeker
The best entrepreneurs are the most dissatisfied. Theyâre always thinking of how things can be better.
Your frustrationsâand the frustrations of othersâare your business opportunities
The crucial first step toward entrepreneurship is to study your own unhappiness and to think of solutions (aka business opportunities) for you to sell.
Whatâs the most painful (aka valuable) problem you can solve for people . . . That you also have passion for and/or unique expertise in . . . For the largest niche possible that you belong to and understand.
Focus on your Zone of Influence here (your existing community):
Solve Your Own Problems
What is one thing this morning that irritated me?
What is one thing on my to-do list thatâs been there over a week?
What is one thing that I regularly fail to do well?
What is one thing I wanted to buy recently only to find out that no one made it?
Keep a notebook close by and jot down things that bother you.
Itâs easier to sell to a large group of people whoâve already spent money on a product or service.
Bestsellers are your best friends. Accessorize an existing product.
Write down all the bad, crazy, and nonsense ideas that come into your mind.
Studying the marketplaces where people are TRYING to spend money
Search Engine Queries
Itâs much easier to sell something when people ALREADY want it. There are 3 billion Google searches every day, giving you a direct line to customersâ thoughts and needs
AnswerThePublic.com will find the most googled questions around whatever keyword you input.
Is the potential solution a vitamin (a nice-to-have) or a painkiller (a must-have)?
r/SomebodyMakeThis
Two key questions to answer to make sure itâs a million-dollar opportunity:
Is the overall market dying, flat, or growing? You want flat or ideally growing! Is this a million-dollar opportunity? To figure that out, we have to know the number of potential customers and the price of your product.
I use Google Trends and Facebook Ads to answer those questions.
Evaluate the size and growth potential of my target market.
Is the market growing or dying? Search Google Trends.
How many potential customers are there? Use Facebook Ads to research your market size. They let you type in the keyword of whatever business category youâre thinking about and see the approximate audience size.
You can also use the Facebook Ads Library to see every single active ad running on Facebook for your keyword and location, which is super helpful for uncovering competitors and getting ideas for your own marketing efforts other groups you could think of targeting.
Other categories to search:
- Locals
- More niche
- Demographics-based
Step 2. Is This a Million-Dollar Opportunity?
Pick a price point you think will be ideal for your customer.
- Multiply that by the number of ideal customers.
- Does that equal at least a million dollars? Yes or no?
evaluate that
-
Google Trends: Flat with some growth
-
Size of market: 2,500,000 people
-
Cost of your product: $50
-
Total Value: $125,000,000
-
Million-dollar idea? YES!
Donât be a wantrepreneur and waste time calculating revenue to the exact cent or fretting about the optimal price point
All you want is to know if the business idea is worth pursuing
Now that we know itâs worth it, letâs confirm how exactly youâre going to get your million dollars.
Step 3. The One-Minute Business Model
Realistically youâre not going to get 5 or 10 percent of this market, BUT now letâs see what it would take to generate your own $1 million in profit.
Revenue â Cost = Profit. These determine if
you can make your first million dollars
Revenue (all the money you make) â Cost (how much it costs to make it) = Profit (what you get to take home) This is obviously extremely basic, but thatâs the point. Itâs all you need to calculate in order
to assess whether you can get to $1 million
What we are looking for are rough estimates. Momentum is your friend, and we can sweat the details later
divide your target profit by the profit
- This is ONLY the number of people we see via Facebook.
- This is for only one beard product. If you find success with beard oil, you can easily repeat the process many times with other
grooming products
This is only the first sale to these customers
Itâs far easier to sell to an existing customer than it is to acquire new ones, so once weâve built up a decent customer base, we can make
- even more products to sell to them.
- Plus, you can likely sell a subscription to increase the amount you sell per customer.
PRO TIP: When youâre launching a business, always ask yourself: is this going to be a one-off purchase, something
customers buy here and there when they want to consume it, or can you make it a monthly recurring sale?
Itâs always better to be in the reorder business
Step 4. Pivot and EvolveâYour Revenue Dials
Almost every successful business had to pivot or change course along the way
Maybe you chose the wrong market to begin with. Or maybe one feature of your offer turns out to be the thing people want. Just keep your eyes open for adjacent opportunities.
The easiest way for me to reach my goal was to increase the average order value by selling longer-term subscriptions to businesses
six Revenue Dials you can use:
-
Average order value: Increase the amount someone purchases.
-
Frequency: Increase how often someone will buy your service.
-
Price point: Increase or decrease your price point to affect total sales.
-
Customer type: Approach a more lucrative/wealthier customer segment.
-
Product line: Add additional products to make the business more attractive to start.
-
Add-on services: If youâre selling a product like cookies, can you offer a service like setting up birthday parties
or cooking at the personâs home?
The hard part is not choosing which business idea. The hard part is getting customers. And thatâs where youâll focus first.
- Pick one business idea.
- Make sure itâs a million-dollar opportunity.
Confirm your business idea is profitable
start with the problem that is most exciting for you to solve yourself
When you have money from customers, fulfillment is easy. Be worried when itâs the other way around
youâll never know if they can go from idea to business until you actually test your target marketâs willingness to pay.
Validation is finding three customers in forty-eight hours who will give you money for your idea.
benefits of Validation
-
You donât waste time.
-
You save money.
-
You find out if you can actually get customers for your idea.
-
You get money up front.
-
You light a fire under your butt to get moving.
the Golden Rule of Validation:
Find three customers in forty-eight hours who will give you money for your idea.
why it works so well:
- Youâre allowed only forty-eight hours. Limitations breed creativity. Having a tight time limit will
cut off the doubting wantrepreneur inside you and force you to iterate
- fast and be creative until you find something that works.
- Get your first three customers. Your first customer is a friend, the second customer is someone in your family, but your
third customer is HARD
Collect money up front. The promise of payment is not validation. Thatâs polite rejection. Getting customers to hand over their dollars makes it real
if you can get someone to give you money quickly just by describing a product or solution, youâre good! Youâre not trying to invent demand; youâre trying to see how
EXCITED people are about what youâre helping them with.
Three Methods to Validate ANY Business Idea
1. Direct Preselling
make real contact with real people, tell them what Iâm selling, ask for money, and see how they react
Actively preselling your first few customers is the best way for entrepreneurs to launch a business.
create a spreadsheet with ten
rows
These are going to be your Dream Ten prospects: ideal people you want to validate your business idea with.[*]
Here are the columns to use:
Name
Company
Phone
When contacted
When to follow up
Notes
Make it easy: start with your best friends who might be interestedâyour Zone of Influence. Too often, people make it hard by going outside their spheres. They do this to avoid rejection, when in reality your network
wants to help you succeed
Check out your Facebook friend list, your Facebook groups, your favorites on contacts, LinkedIn Connections, former colleagues, past clients, text message lists, people from your church or synagogue, your Twitter followers
and others who fit your ideal customer
By the time youâve done this you should
have filled out at least ten lines, your Dream Ten.
BUT if youâre thinking, Dang, I donât know ten people who can buy this, then maaaaaaaaybe you should a consider a different business idea
Hoping and praying that a thousand people in
the world will magically buy it is living in la-la land, as my father would put it. Go after markets and businesses where you have influence so itâs easier to succeed
Scripts for Preselling Your Idea
Validation is a conversation. Not a sales pitch, but a chat to learn about the
customer, see if you can help them and if theyâll actually pay you
For this reason, with your Dream Ten, I really recommend you turn the ask into an exploratory conversation, to allow for more learning.
These people really know you and theyâll be happy to give you time, so use it to extract what most excites them about your product or not so you can tweak it.
process to validate your solution with your Dream Ten can be broken down to a three
part framework:
- Listen
- Options
- Transition
First, Listen
get customers talking about their problem.
Here are three questions that will help you in this process:
- Whatâs the most frustrating thing about whatâs currently going on?
- How would having X make your life better?
- What do you think that X should cost?
Finish with summarizing what the person
said. For example, Daniel would say, âSo you want an easier way to learn how to use your computer.â
PRO TIP: Use what or how questions to encourage a more open dialogue versus
why or yes/no questions, which can limit your learning
Itâs crucial to really listen and write down their problems, because youâre looking for the pain theyâre feeling and how valuable it would be for them to give you money
The bigger the pain, the bigger the opportunity!
Next, Options. Now that youâve uncovered the problem, itâs time to suggest options that can solve their problemsâand what theyâd pay for it
Youâre looking for excitement and a willingness to pay. Eye rolls and lower energy
from your prospective customer are indicators of low interest
Now, Transition. You know their problem and you know an option to fix it that they are excited about. Now itâs time to transition to the sell.
If they pay you, thatâs Validation success
Often you can distill your offer down to three parts: Price + Benefit
- Time. Strung together, they form an offer sentence.
Other examples:
- For $25, I will teach you how to save an hour a day on your Mac, in
just twenty minutes
For $69, I will teach you how to write better in two hours
For $10, I will send you a PDF with ten mind hacks that will change the
- way you think in ten minutes.
- For $180, I will provide six months of tasty jerky to your office this week
PRO TIP: Presenting your offer as a
comparison can make it easier for your customer to understand. âWe are like X but Y.â
For example, we are like your competitor but twice as cheap
When you validate, you have to get comfortable with potentially selling a product before youâve actually made it. Clearly explain when it will be delivered. Because people are fine with giving you money in advance, as long as you set clear expectations
money:
âSign up now while itâs still at a discounted price, x percent of y dollars [and youâll be grandfathered in at that price forever]. This offer is only good today.â
PRO TIP: Always follow up by sending an email to your first customers asking for feedback. Feedback is a gift you can continually use to improve yourself and your business
Of course, success wonât always be so immediate when you use direct preselling to validateâin fact, youâll get rejected a whole lotâand this is another instance where the technique shines.
Thatâs because every rejection is an
opportunity; you can use it to take a deep dive into customer problems
When I get shot down while validating, I have a simple four-question script that flips the no into new knowledge, new ideas, and maybe even new customers
Why not?â Itâs really easy to get scared from attacking this one head-on, because what happens if their criticism is right? But thatâs exactly
-
what you want to know!
-
âWho is one person you know who would really like this?â Always, always, always ask for a referral! Be specific about what kind of referral and use a number; this
-
makes it highly effective.
-
âWhat would make this a no-brainer for you?â If they donât want your product, maybe theyâd want something related to it. If they donât want to pay for your dog care app
what about dog walking? A dog hotel? Dog dating?
What would you pay for that?â One of the hardest things in a startup is setting prices. Getting potential customers to say what
theyâd pay is pure gold!
PRO TIP: Active communicationsâcalls and textsâwork a lot better than
passive ones, like posting on Facebook or Twitter and waiting for replies. Try to Direct Message (DM) people, or whatever enables you to get the fastest response time possible.
2. Marketplaces
A classic way to validate your product is to use marketplacesâsites like Facebook Marketplace, Craigslist, Reddit, or whatever you have locally. The
3. Landing Pages
One really popular approach is to set up a
simple landing page using a cheap or free service. Currently Instapage, Unbounce, and ClickFunnels are popular landing page tools. Find the latest landing page tools at MillionDollarWeekend.com
Then they run a bunch of ads to send
people to the site and see if people actually will enter an email address to get on the mailing list, or even preorder the product
The reason I donât love this approach is you have to spend time setting it up and buying ads, and when you buy ads, you have to become an
ad expert. The whole experience is slow and costly. Two things I hate.
The key is: If you go this route, donât overthink the design, the name, the
language, the ads, or any of that. Just focus on seeing if you can get people to buy your product!
Your challenge is to get at least three paying customers within forty-eight hours. Grab your Dream Ten list that you made earlier.
Text, call, direct message, or emailâthe
more real time, the better!
Free Bonus: Grab my six ways to enhance your offering at MillionDollarWeekend.com
Grow It
Make Money While You Sleep
Social Media Is for Growth
Email Is for Profit
1,000 true fansââall built by connecting with people whose particular challenges and interests overlapped with my particular skills and passions.
A community who already knows you
who follows you, who is rooting for you is one of the most powerful forces in business, and itâs created through generosity.
Adding value without expectation. Helping them with their journey without asking for an immediate return
Sometimes itâs helping
them by boosting their self-esteem with a simple compliment
how do you find your unique angle to start building up your community?
understand how their special sauce is the unfair advantage that will make them shine
He thought his problem was that he didnât know the process. But the mechanics come down to figuring out how to embrace and
amplify your uniqueness in a way that attracts people to become friends and customers
Whatâs your unique angle in thirty seconds or less?â In other words, why would anyone care to read his newsletter?
He defines who he is
Why you should trust him
- What he is passionate about, and
- What unique thing this prepares him to do for you.
Write out your unique angle.There are no right answers here. You can change these any time youâd like.
-
Who are you
-
Why should people listen?
-
What are you passionate about?
-
What will you do for people
Pick a Platform
With your unique angle, you need to reach an audience, and the best way to do it for FREE is through social media.
You can choose any FREE platform:
- Photographers love Instagram to showcase their newest cool stuff to the world.
- Consultants love to stand on a soapbox at LinkedIn.
Journalists, marketers, and others like the few hundred characters of Twitter.
Designers can show off their work at Dribble
Authors can start a blog for free on WordPress.com
You need to know three things to choose:
- Which site has the audience you want to connect with?
- What medium do YOU enjoy creating content in?
What disproportionate results will you get compared to the work you
put in?
letâs break down how I chose my platform. To start, I eliminated the ones that donât work for me.
Instagram: I donât take a lot of pics
Podcasting
growing that audience relative to the work involved was near impossible
A limited number of people listen to podcasts, and currently, discovering new podcasts is nearly impossible
LinkedIn: Great audience of businesspeople, but itâs incredibly noisy, and going viral on it is really tough.
Blogging:
The work of posting
doesnât drive as many viral shares anymore because more of the audience is spending their time directly on social media
the audience isnât growingâtheir monthly users have been flat for years
Going viral works there, but getting people
off the platform and buying on yours is tough
TikTok
1 million followers there or 100,000 on YouTube? Not equivalent. Iâd take YouTube every time.
start with just one as an experiment.
The key principle is to start right now to build your audience and then move them to your email list
Update your bio.Choose your one platform, and using the unique angle pitch you wrote out before, clean up and rewrite your profile/bio on that platform to reflect who you are and how you help your ideal
customer
Core Circle: Start with a very narrow audience. Ali started with the medical school exams for British
people. Your niche within a niche can be the most obscure thing imaginable, as long as it makes you and your audience passionate
Medium Circle: As you move bigger, your content should overlap
somewhat with what concerns your Core Circle, but it should appeal to a broader audience. Ali started talking about studying and productivity in general, since thatâs required for all students.
Large Circle: Here you go for the largest audience possible thatâs still related. Some of Aliâs most watched videos are about his salaryâmade possible by his medical video fameâor the latest Apple productâwhich he
uses to increase productivity. All the circles should still include your core audience but keep expanding your circle of influence
To get started, identify a value that a specific group of peopleâyour Core Circleâwant and become a reliable source of information for
them. Hereâs a formula you can useâoutcome youâll deliver + target market.
example
Core Circle: How to clean your evaporative cooler + in the Southwest
USA
- Medium Circle: How to choose laundry detergents + for new homeowners.
- Large Circle: The ten best
vacuums + for a family
Once you have your outcome and market figured, you need to find a unique viewpoint in your niche.
To come up with your unique viewpoint, ask yourself a few questions
What is something everyone thinks is trueâbut you think is wrong
What is something nobody in your target market is talking aboutâbut should be?
What are the biggest mistakes people in your market are makingâbut are totally blind to?
Think back to your validation days: Who are the customers you want to appeal to and whatâs the outcome you can create content for? Whatâs the unique point of view in your content theyâd be excited to hear about?
Formula = Outcome youâll deliver + the target marketCore Circle: Â
Medium Circle: Â
Large Circle
Be the Guide, Not the Guru
titled âHow I . . .â rather than âHow to . . .â
The goal here is to document what YOU do, not what you think everyone else should do
When you position yourself as
someone who is on a journey and document your process and your progress, you become relatable, and that is what audiences long for
Some of my most popular videos feature me failing, often. Itâs fascinating that people want to see whatâs really going on, not the highlight reel
we think they want
Jerky. I ask my audience to challenge me to do something difficult; then I go out and do it
Getting your audience involved helps them feel like an integral part of the show, which
boosts the chances theyâll engage with your videos, which pushes your content up the rankingsâand attracts even more subscribers
CHALLENGE
Post one piece of content.Now itâs time to post content publicly.Now, this piece of content can come in any format. You know I LOVE me some YouTube, but as youâve seen, different niches work on different platforms. The
content you create can be a YouTube video, a Twitter thread, or a blog post
-
Your Unique Angleâthe secret sauce nobody else has
-
The Platform youâre going to
-
post on
-
Your Content Circleâthe narrow audience who youâll laser-target
-
Posting it TODAY
This last step is obviously the hardest
one. Donât worry about scripts, camera equipment, or even if it gets any views. The important part is taking the first step at building your community
The email was FUN. It wasnât pure utility. Sales have
repeatedly been shown to go UP when the people selling are enjoying themselves
promoting interesting people, exposing my passions
interacting with my followers, and just all in all having fun being myself
Now youâre going to lead this audience into your own ATMâyour
email listâso that you are in regular personal contact with them and can convert them from an audience to customers
How to use a piece of useful free content to get people excited to sign up for your list
How to create a simple, effective landing page and publicize it far and wide.
How to automate your email system so itâs sending out emails to new subscribers twenty-four hours a
day
Email is the most valuable channel because it allows you to own the distribution and the
communication with your customers, and not be at the mercy of another platformâs fickle algorithm
six reasons why email is the best:
$65 million a year in total transactions. And you know what? Nearly 50 percent of that comes from email.
Iâm not hoping the platform gods will allow me to reach them
Eighty-nine percent of people check it EVERY DAY
You own your email list. Forever
Even if you donât have a business at this very moment, itâs great to start building your email list NOWâso when you do want to have a
business, you already have a trusted group of people who WANT to help you out
the importance of having a list of people who want you to win. Sheer size is not the metric to use to
evaluate an email list. It doesnât matter if you have 100,000 subs if none of them care about you.
What percentage of your list opens every email because they feel like they know and trust you? A healthy email list has a 20 percent open rate. Target that.
s, how can you get your first subscribers? Let me show you.
Set Up a Landing Page
Your audience needs somewhere to go to actually join your email list
The way companies, marketers, entrepreneurs, and content creators
do this is by sending their audiences to a landing page
Give me your email, and Iâll give you a bonus resource: one free tip each week to improve your sleep. Simple.
A landing page is a simple web page with an image, a few words, and a box where people can input their email address to get future updates
This is where you can offer them the
bonus content, aka Lead Magnet (see the next page), you just created.
CHALLENGEBuild your landing page.You can set up one like Julienâs for free
with SendFox.com (a service I helped build).There are also other services like Mailchimp.com, Webflow.com, and ConvertKit.com to create landing pages
Getting Your First 100 Email Subscribers
0 to 10âThe Dream Ten
Whatâs the easiest way to start building your list? Use your existing network.
Yes, your Dream Ten. These are people
who know you and care about you. The members of this highly engaged audience are waiting to visit, subscribe to, and share your website and content
My mom, my brother, and my other close friends are on my mailing list. Always look at what assets and networks you have available before you reach out to randoms.
Hereâs a template you can use
Hey [name]!I just wanted to let you know that Iâm starting [description of your new business
Iâm going to publish [one article per week/a weekly tip] on how to [subject].Is this something you are interested in?Hereâs an easy way to sign up! [Insert landing page address] Or you can just write back with âYes, dude, Iâd like to,â and Iâll do it
for you!Hope things are great![Your name]
11 to 50âLazy Marketing
Now that you have a landing page, youâve got to publicize it. Obviously youâre already doing that by putting it in your calls to action inside your videos, TikToks, or wherever you are
promoting yourself online (and in their corresponding descriptions).
you can go a lot further by putting a link to it in every point of contact you have with others.
That means putting the landing page address in your
- Email signature
- Biography on Twitter, LinkedIn, TikTok, Instagram, and Facebook
list
(When you add your landing page to your email and your social bios, you can measure the traffic and conversion rate you get from these mentions with Bitly.com or Linktree.com, website
address shorteners that track clicks
CHALLENGEUpdate email signature and social media bios
Put your landing page address in your email signature and your social bios. Send me a link to your new landing page at twitter.com/noahkaganâIâd love to hear from you!
post a modified version of that email above in Facebook, Snapchat, Twitter, Reddit groupsâor wherever youâre active.
Hey EveryoneStarting a âweeklyâ newsletter about [subject].Go to website.com to join the newsletter.
Use targeted referrals to grow your list. Ask
your family and friends to refer one specific person who they think would like your newsletter
Write an insanely detailed blog post dissecting the success of
Use social media and pretty much everything else to get that post in front of his ideal customers
Put a call to action (CTA) at the end of the post telling readers to sign up to receive a download of growth hacks heâd put together
Using a Lead Magnet gives people an incentive to join your email list vs. just asking people to sign up
four examples of Lead Magnets
A checklist that can be used to properly perform something
A template for determining
An advanced guide that goes further into the details of a subject of one of my videos
A unique book that provides substantial value but is offered for free
One of the best ways is to give a short, relevant tease of the bonus or resource youâre offering within the YouTube video and tell people where they can learn more
CHALLENGECreate a Lead Magnet
create your first Lead Magnet using the process weâve just outlined above. You can use your piece of content from the previous chapter as a base or start something new. Donât spend more than two hours on the first iteration. If you want to turn it into a big thing later on, great. But start SMALL.Go to MillionDollarWeekend.com to get Lead Magnet templates! (See what I did
if people like your stuff, they want more.
At the exact moment your customer is interacting with or just found your business, they are MOST excited about it
So thatâs when
you want to funnel them into other experiences with you instead of letting them go
set up an autoresponder and hit them up right away
send them your BEST stuff so you know theyâll have a great experience when theyâre dining at the email restaurant of you
Every email provider has an autoresponder. Again I recommend SendFox.com, but you can use Mailchimp.com or ConvertKit.com as well
three-step progression of emails that Iâve found works best:
- Welcome Email
SUBJECT: Youâre awesomeThanks for joining OkDork. You are
awesome!Over 17 years of working online Iâve learned some things:
- #30 at Facebook and helped launch mobile, status updates, and more
#
- 4 at Mint and led growth to 1 million users within 1 year
- Started AppSumo, which is now an $85M/year business
And now, I want to help you on your journey to living the life you want
What could I write to provide value to you?Love you,Noah âtacosâ Kagan
- Connection Email
SUBJECT: Connect with me on LinkedIn
Howdy amigo,Send me a connection request on LinkedIn to help share our relationships, see behind-the-scenes thoughts on marketing, startups, and more . . .Hugs,
Noah
- Content Email
SUBJECT: Starting an 8-figure business with $50I started AppSumo in March 2010.In one weekend, with $50, I launched
version 1 of the site. It was simple.12 years later, Sumo Group has grown into an 8-figure business.Starting a business can be hard. But I want to show you an easier way:Hereâs how I built AppSumo.com for
$50.Enjoy,Noah
Second, with the Connection Email, youâre explicitly asking them to connect with you on social media, by following you on Instagram, LinkedIn, Facebook, Twitter, and so on
CHALLENGESet up an autoresponder.I happen to think SendFox.com (I helped build it) is pretty darned good, but there are a bunch of others that I recommend, like ConvertKit.com and
Mailchimp.com
The Law of 100
Whatever you put yourself to, do it 100 times before you even THINK of stopping
This stops you from succumbing to what Seth
Godin calls âthe dip,â the moment in a long slog between starting and when mastery sets in where you start hating the work and you want to quit.
Lean in and commit to 100 reps. (Think of this as doing reps and practicing as opposed to failing or succeeding.) This changes your mindset and makes it much easier to sustain forward motion when
things get tough
set up a system that helps you get your 100 reps done without thinking about the results.
Once thatâs done, you can decide whether
you want to give it up or not
The Law of 100 is about the power of consistencyâthe only way to get to greatness.
CHALLENGEThe Law of 100.
Commit to doing 100 emails, posts, or whatever action will move you closer to your goals. To live up to your commitment, use the Law of 100 Grid below to track your progressâand donât break the chain!
five exact questions to create your own marketing plan
-
What is your one goal for this year?
-
Who exactly is your customer and
-
where can you find them?
-
What is one marketing activity you can double down on?
How can you delight your first 100 customers?
If you HAD to double your business with no money in thirty days, what would you do?
Set a single hyper-focused exact goal
First off, you need to set a goal. That means choosing a number
email addresses
monthly Freedom Number
- 1,000 YouTube subscribers
- $1 million in net revenue
- Fifty clients
how much and by when? Now add a time frame.
without a time frame, thereâs no urgency
âI want to be worth $1 million in three years.â
Create your Marketing Experiment List
Before you paddle quickly in the wrong direction, we MUST quickly try different marketing experiments to figure out which
ones we can double down on
The best way to do this is by using an Experiment-Based Marketing list to plan and track your marketing strategies
WORK BACKWARDS FROM YOUR GOAL!
If you could use only two of the marketing activities, what would they be?â
- Who is your ideal customer?
- Where are they?
Who is your ideal customer?
Think about whatâs in common with
your existing customers. Certain age? Common interest? Specific gender? Certain hobbies? From a specific area?
CHALLENGE
Whoâs your customer?Describe to me who your ideal customer is.The MORE specific the better. Think about their gender, age, location, and anything else that makes them unique.
Next, where can you find more of these ideal customers?
Look where you found your previous ones and ask your existing customers!
exact message I still send to people to this day:
Hey Maria,Thank you so much for being a customer.Whereâs the one specific place youâd
expect to learn about my product? Now make a list of these places where we can find more of these people.
list of generic marketing ideas to get you going:
- Contacting your network: The
-
number one place you should look for customers is in your own existing network. The benefit is that people already know you, so making the sale is easier.
-
Paid ads: Reach out to potential
-
customers on search engines like Bing and Google, so your name will appear when certain keywords are searched.
-
Social ads: Target your audience through ads on social channels like Twitter and Facebook, Reddit, TikTok
-
or LinkedIn.
-
Content marketing: Create and publish content (blogs, podcasts, videos) with the goal of generating interest in your product/service
-
Cold outreach: Speak directly to potential customers. This could mean picking up the phone and calling potential customers or sending cold emails to prospects.
-
Target market blogs: Sponsor
-
posts and content on popular blogs within your target market.
-
Influencer marketing: Identify and build relationships with individuals who have influence over your target market (for example, high
-
profile bloggers or Instagrammers).
-
PR: Pitch the press and bloggers in your niche to cover your story.
-
SEO: Search engine optimization is another reliable way to grow your
traffic, but it takes time. Do some keyword research on sites like AnswerThePublic or SpyFu to discover what people in your niche are talking about. Create hyper-targeted content to drive traffic.
- Giveaways: Round up some epic prizes, create a sweepstakes page . . . and promote the shit out of it.
- Collaborations: Appear on other podcasts/shows/newsletters/YouTube
channels
After you figured out your marketing ideas lists, we need to estimate expected sales from these ideas.
Setting your expected sales is one of the most important parts of your strategy. These
targets will give you something to measure against and help you identify where you can double down in the future.
So how do you go about setting targets for your sources?
The most important aspect of this process is
not to worry about being exact. Itâs to make decent guesses so you can have a framework to prioritize and double down on your sources.
When setting your targets, the trick is to use your BEST GUESS; it doesnât have to be a super-accurate number. Itâs all to help you PRIORITIZE
your marketing activities. Over time, youâll get better at this.
Hereâs an example for thirty days of sales:
Â
Marketing Experiments
Expected Sales
1. SEO: Write four blog posts
10
2. Contact everyone in my network
25
3. Call my aunt Rhonda
1
4. Post in Meetup group
5
5. Post flyer
9
Total
40
This spreadsheet helps you prioritize your time by focusing on the largest expected sales items first.
Another option is to add a column for Time: how long it will take you to do the different activities. You can use this to see which
activities will not take much time but still get sales.
Also, you can consider including cost if youâre doing ads, but I encourage people to not spend money on marketing at first. Exhaust your free options.
CHALLENGEWhere are your customers?Now list at least five places your customers are and how many sales in thirty days you think you can get from them
3. Double down on what works.
Thereâs a golden rule to marketing tactics I want you to repeat after me:
Find what works and double down on it; find what doesnât work and kill it.
thereâs nothing wrong with experimenting and trying new channelsâbut you need to set time limits to stop if something isnât working. I find thirty days is more than enough to get results from your marketing experiments.
Thatâs why for an entrepreneur itâs important to have a lazy mindset. If somethingâs too hard and not working after a good try? Give up and move on!
Double down on the experiments that work the best.
rest: I stopped doing every other channel and went all in on YouTube.
CHALLENGE
What marketing strategies can I double down on?Letâs update your original marketing experiments sheet with actual sales. This should make it obvious which experiments to double down on and which ones to kill.
BUT instead of focusing ONLY on your new
customers, letâs take advantage of the ones you already have
4. Make Your First 100 Customers Happier
How would you double your business if you COULD NOT get any new customers?
This will help you think of ways you can overdeliver to your current customers. Because the biggest growth lever in business is customer retention and referrals. If youâre just starting out, every referral can literally double your business.
examples
replied to every YouTube comment. This made the audience feel special and connected to me.
gave my personal phone number to every customer even when we were making $20-million-plus a year
I personally write to customers to see what they like and dislike about us
What made you interested in buying Imgur?-What other websites/services would you want big discounts on?-Any suggestions or things you would have wanted to see on our website, appsumo.com?
Feel free to spread the word
The other key is to keep overdelivering and make your current customers as happy as possible. The benefits of this are twofold:
- Happy customers will refer your business to their friends
Happy customers are more likely to spend more cash and buy your new products or services.
The longer you retain customers, the more opportunity you have to earn more revenue from them.
every step of the way you can get feedback to make your product or service even better
Ask your customers this: âWhat is one thing we can do today that will make you twice as happy with us?â
CHALLENGEMake your customers happy.Ask one customer: âWhat is one thing I
can do today that will make you twice as happy with us?â
In your MDW journal, answer these five questions:
-
What is your one goal for this year?
-
Who exactly is your customer and where can you find them?
-
What is one marketing activity
-
you can double down on?
-
How can you delight your first 100 customers?
-
If you HAD to double your
business with no money in thirty days, what would you do?
reasons I became an entrepreneur. To live my life, my way
the first step to getting all you want in the world is allowing yourself to want itâand facing the fears necessary to be able to get what you want.
CHALLENGELetâs share your story of
success to help others
Send an email to noah@MillionDollarWeekend.com or post on social media and tag me @noahkagan
Bringing Out Your Dreams
In a j-o-b, you must accept the system you are in. As an entrepreneur, you get to design your own system
The challenge of your businessâand your lifeâis designing a system that optimizes for your overall happiness
Dream Year Checklist
start by writing down how youâd love this year to turn out for you. This Dream Year isnât just âIâm gonna have a nice
house and my business will rock it.â Include the specificsâwhere youâre living, what youâre doing, how you feel, where you travel to, etc.
This is to inspire you about all the things you can do in your life. Then really dial in the ones that feel important to you
This is a DREAM YEAR. That means dreaming big and not worrying about the how. All youâre doing right now is creating a vision for the year that fills you with excitement
Once you have a clear picture of your Dream Year, then you can focus on making it come true.
Instead of being reactive throughout the year and getting thrown off course, you have a chance to focus on what would be an incredible
year for YOU and to write it all down.
CHALLENGEWrite out your Dream Year.Make the checklist detailed and
specific
Turn Your Dream Year into Goals
Now that you have created your Dream Year, itâs time to take your dreams and choose
and organize them into your goals. This is your life, so PICK the things from your dream list youâre MOST excited about. Another key thing is consistencyâitâs a GOOD thing if youâre continuing goals from previous years. Also, I prefer to have fewer things to accomplish but
Iâm very excited to do them.
Categorize them into four sections: Work, Health, Personal, and Travel.
But feel free to change or add to these however youâd like, itâs YOUR life!
Here are the ones I picked from the above
year:
Work:
- $30 million for AppSumo
- 500,000 YouTube subscribers
Finish Million Dollar Weekend book
Health:
-
Bike across America
-
75,000 push-ups
Personal:
-
Complete pilotâs license and fly to Albuquerque
-
Either donate all the money you make or spend it on yourself and friends
-
Get a nice house in Austin
Travel
- Do one week of solo travel
- Visit a mountain biking city (Asheville, Sun Valley, Jackson Hole, Sedona)
- Trip with parents and brother
Key things about your goals:
- Donât worry about doing everything in your dream year. Really think about which ones would excite
- you. My rule of thumb is if youâre hesitating on the dream, then it shouldnât make your goals list.
- I donât always accomplish everything on my lists every year. And thatâs okay. This list is to help you
prioritize your time, which weâll talk about next. You can schedule and make sure you are working toward the things you really want to do
Over the past ten years Iâve tried to set super-aggressive goals, but Iâve
found that itâs better to aim for more sustainable goals. Itâs more impressive to find and stick with something than burn out after being impressive for one year
This list works for you, not the
other way around. If midyear you realize something doesnât matter, change it. I aim to review and update this list only twice a year
The best way to make sure you accomplish your goals is to see them often
Find one person to send your yearly goals to.This can be someone who invested $1 in you early on, a friend . . . anyone you trust to check in with you regularly and
challenge you on your BS as they help you follow through on your promises
CHALLENGE
Yearly goals list.Use the four categories to flush out your yearly goals.Work Â
Health
Personal Â
Travel
Coloring Your Calendar
If you fail to plan, you are planning to fail.âBenjamin Franklin
- Put everything in a Category.
- Assign a Color Code to your categories.
- Schedule with color your key weekly priorities.
Perform a weekly Sunday accountability (p)review.
- Blue = Work
- Green = Health
- Purple = Personal
- Yellow = Travel
questions I use to prioritize my time:
1. How do I pick what to actually do
each week?
Every Sunday, I spend fifteen minutes looking over the past week and setting my tasks for the next one
2. How do I know if these tasks are moving me in the right direction of my goal?
3. What if I want to be lazy, do I need to schedule it?
4. How can I double down on activities that move me toward my goals?
Never Entrepreneur Alone
Great entrepreneurs have great entrepreneurial communities. Thereâs no such thing as self-made. Everyone is team
made
three ways to meet the right people to help you on your business journey
1. Get an Accountability Buddy
We make better choices and work harder when someone else is observing our behavior. Researchers call it the Hawthorne effect. I call it my number one productivity hack.
Find someone you respect, probably a peer working toward similar goals, and establish this Sunday ritual to help each other on your journeys
CHALLENGEAccountability buddy.My accountability buddy is:
Find one person to send your weekly goals to. For the past ten years, Iâve worked
with Adam Gilbert from mybodytutor.com every week on my yearly goals. Accountability is a superpower. Go to MillionDollarWeekend.com and join our newsletter. Iâll try to connect you with an accountability buddy.
You found an accountability buddy, but how can you meet others to help you succeed at business? Here are two ways that work!
2. Target Prefluencers
I always make an effort to connect with ambitious people BEFORE they make it. Itâs so
much easier to connect with them, help each other, and build actual relationships.
Here are three principles to help you find Prefluencers:
- Whoâs doing work youâre impressed by?
- AND who doesnât have a ton of attention and is likely to reply?
- AND what can you do to help this person?
CHALLENGEConnect with a Prefluencer.The easiest way to connect with anyone is to compliment them first WITHOUT asking for anything in return.The Prefluencer Iâm reaching out to
Send this message:Hey [first name],LOVING what youâre putting out. [Insert specifically what you liked or how it impacted your life]Keep going!
From here, the person will likely respond and you can open up a dialogue to talk about working together or helping each other in the future
relationships like the above script is just sending a compliment without any expectations.
3. Build Your VIP Network with Referrals
After meeting someone new, Andrew would send them a thank-you email. In it, he would include:
- Highlights from the chat he found interesting
- Follow-ups and to-dos
- Request to meet more people
When he got a new list of people to meet, Andrew would send an intro email with three
key points:
- Short blurb about himself
- Value he could provide (that is to say, whatâs in it for them?)
Why he was excited to meet them
Telling someone why you are interesting
how you can help, and why you want to meet works like gangbusters. If you fail to include these points for the person youâre reaching out to, expect to be ignored
CHALLENGEAsk your friends for one referral.
-
Tell me the first person that comes to mind. Whoâs the most
-
impressive friend you know?
-
Send this message to that friend:
Â
Hey <friend>You are the most impressive friend I
know and Iâd love your help in expanding my network.I love: VR, 3D printers, email marketing.Whoâs one person you think I should connect with?If no one comes to mind, no pressure
I like asking for just one person to make it easier to think about. And then say no pressure on the other person vs give them an assignment of having to introduce me to someone
After youâve had a great meeting
with that person, thank your original friend and ask the new one for a referral.
