Business - News

Saturday, July 8, 2017

5) Consume insane amounts of content and act on it

Podcasts, audio books, books, blogs, websites, magazines, seminars. Cut the shit. Consider speed reading. Figure out quick what is good and what’s crap. Implement the ideas you learn. Don’t just read Adsense Flippers and catch yourself thinking “their model is interesting.” Buy a site and toy around with the thing. Talk to others who are doing the same. Are they making money? What can you learn?


By the way, a good rule of thumb with starting new businesses: stop thinking of doing new stuff. Find businesses that are making a lot of money, and find small ways you can improve their services or products and launch. Take some of that money for yourself and grow it.


Another way to look at businesses is as entities that gather intelligence on markets. By participating in markets– say by launching your own niche site– you’ll have more and better information on that market (or cash flow) than any bullshit business magazine ‘market prospectus’ is going to give you (oh yeah, don’t listen to business magazines).


Information overload is a term used by people who aren’t doing anything. Don’t let that be you. Set up a site with a buy-now button and start trying to convince people to click it. Immediately. Can’t find a niche? Just buy a site. You’ve got the money.


I can’t imagine Ian saying he’s “got too much information on this marketplace we are participating in!” Nonesense. As an aside, I often find this amusing, for a handful of the products that Ian designs for our company, there is no other human being in the world who knows more about them. No wonder it makes him a full time living.

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