[VIDEO] Exactly How To Build And Launch Your Own $1000/Week Freedom BusinessBY Natural Tim
ON Automation, Case Studies, Examples, Freedom Tips, How-To, Marketing, One Key Fan, Outsourcing, Video
Click Play On The Video Above Before Reading On
Would you like to wake up each day and do whatever the hell you like?
Feeling tired? Go back to sleep.
Feeling productive? Smash out some work.
Feel like going out to the beach for a surf or partying all day/night? Go hit it up!
Whatever it is you TRULY wish to do with your days, it can all be accomplished by having a Freedom Business running in the background working SO YOU DON’T HAVE TO.
Now this concept isn’t new at all but it was REALLY hard in my early days to wrap my head around the fact that you don’t have to actually work to earn money.
The little voice inside my head was telling me that SURELY this can’t work. But it does… and there’s a select group of everyday normal people called the “Freedom Secret Society” that make it happen.
When I made my first “freedom sale” something clicked in my mind forever and I knew there was no turning back. This is the way of the future.
So today I wanted to dive right into the MEAT of what a freedom business looks like and provide an overview and example of how the whole process fits together. This post, in a lovely combination of video and text, will show you exactly how test your very own freedom business idea and make your first freedom sale.
This is also an insight into one of the training resources I use with the Secret Society Mastermind crew.
HELMET CAM – PLEASE WATCH AND ENJOY BEFORE CONTINUING:
How was the helmet-cam?
Spark some freedom business ideas for you?
See how the little guys like you and me can take on the big corporations simply by BEING BETTER AT TARGETING AND TALKING TO THE ONE KEY FAN?
At the end of the day business can seem like this big hard monster dominated by the privileged. RUBBISH!
Just remember this golden rule: People like doing business with people they like.
How do you get someone to like you? Easy – pinpoint their deepest desires or fears/frustrations and help ‘em out with your snazzy new product or service.
Time and time again we are seeing cases of normal everyday people starting their own successful freedom businesses that rival large firms from their bedroom.
Now obviously you don’t have to go into selling iPhone apps for real estate agents. This was just an example to illustrate some of the processes involved.
The whole thing really isn’t that hard once you break it into chunks and create a map of where you’re going.
And what is the total cost to set one of these up? $150-$300.
This is a tiny investment to test out your first FB idea.
So let’s take an in-depth look at what was covered in the video…
COMPONENTS OF A FREEDOM BUSINESS – HOW TO TEST YOUR VERY FIRST FREEDOM BUSINESS IDEA FOR UNDER $500
1. Figures First – Cost $0 : Time 2-5 hours
This is EXTREMELY important. You need to have a target to set your sights on and check in on this target daily to see you are on track.
Before you start ANYTHING and get swept up in the nitty-gritty of your business, you also need to set strict criteria as to what the business should look like day-to-day.
E.g. “It needs to be able to be run from anywhere in the world with just a laptop. I only want to be working on it 2hours a day”
This will stop you from going into business ideas that are going to suck away all your time and leave no room for freedom. There’s a million great ideas/niches and industries to go into but the ones we want are going to give us freedom (not just another self created job!).
So at the end of every week all you need to do is ask yourself one question “Did my Freedom Business make $1000 this week?”
If the answer is no, then you go back over your map and see why.
Link some PASSION AND ENERGY to your $1000/week. What would this amount of money mean for you? Could you quit your job and travel/creating freedom businesses on the road?
Vision-boarding is a great tool for this. Go to http://images.google.com and search for cool images on how your life will change when you reach your goal. Refer to each day for that little extra drive and motivation.
2. Idea Generation – Cost $0 : Time 1-2 days
Freedom Business Saying: “Before the idea, comes the fan.”
There’s 3 steps to this… WHO? WHY? and WHAT?
- WHO do you want to fall in love with what you do?
It’s these fans/lovers that will sustain your business (and ridiculously awesome life) in the long and short term. So you definitely choose people that YOU LIKE.
As discussed in the video, in my early days I made the horrific mistake of selling stuff to people I didn’t really like. Even though my business made money I ended up selling it because I just didn’t want to deal with these people anymore.
- WHY will that person buy something from you?
The two main reasons people buy something are 1. A deep, burning desire and 2. To alleviate a fear/frustration they have.
Spend some time crafting an image of your typical “One Key Fan”. How old are they? Where do they live? What are their deepest darkest secrets and goals?
- WHAT will you actually sell them?
Do you want to offer an info product, a service, a physical product OR a combination?
If you combine some of these you can add the value and therefore increase the price!
The One Key Fan concept I created is an adaptation of Kevin Kelly’s 1000 True Fans post, so for some extra coolness I recommend you get familiar with it.
If you didn’t read the original post on the One Key Fan I suggest you brush up on your knowledge here.
3. Build – Cost $150 – $500 : Time 1-2 weeks
First things first, you are going to want to do some competitor analysis on your idea then build your website.
Now let’s not get too technical here. Competitor analysis sounds all corporate speak crap for what really is “Searching in google and snooping/spying on other businesses”.
Open google, think like your One Key Fan – what search terms is he/she going to use? Plug em in and start looking at the competition.
Take out a notepad or open up a spreadsheet and note what others are doing well in terms of their website design and sales copy – then think about how you can inject your own personality/brand into the stuff you feel that your competitors are doing good.
Below are a few of the sites you can use to find anything from website designers to sales copywriters to iphone app developers. Whatever can be done, WILL be done at a fraction of the price from someone highly competent another world away from you:
You will need a freelancer web designer and website coder for a start. You may want to chat to some or post a project around your potential product as well.
Think about it this way: These days – there’s not a business out there that can’t be replicated.
Don’t attempt to learn and do everything yourself. Things like Photoshop, HTML, Web Design, etc can all be done on the SUPER CHEAP by somebody who has had 5+ years experience and will be a lot better and faster than you.
I had a hard time with this and found myself trying to do everything in the early days. It’s not your job. Get it in someone else’s hands and drop the ego…
You have a business to RUN, not work in.
Set up google analytics on the site so you can track your stats as well (it’s free and important).
4. Marketing – Cost $0 – $200 : Time 1 week
The easiest and most inexpensive way to test out your new site/business idea is to go out into the real world and have conversations about it.
Do you know someone who knows someone that your product/service can help? Get a coffee with them. Sit down and talk about their DESIRES or FRUSTRATIONS (one key fan style).
How do you do that?: “So what’s the biggest frustration you have in your business right now?” “What do you really need help with?” “What would be amazing for you?”
Hot tip: Don’t try to make a sale right away, offer to do some help for free in exchange for a testimonial to give your product/site more credibility. If you do some free work you will also learn the sales processes and delivery timelines for your product or service (which are always hard to estimate).
Aside from offline marketing, there is Pay Per Click, Search Engine Optimisation, Social Media and some other crafty ways to get some initial sales/customers.
In the initial testing phase, forget SEO and social media. If you want responses real quick and to see if your idea is going to work go for some PPC on Google Adwords or Facebook Ads (there are other ad networks like MSN if you don’t like google, too).
Google adwords allows your ads to show up on the right hand side of searches in google and they also provide great training on how to setup your first campaign. Spend $100 or so to drive 100+ visitors to your site to test it out. Use google analytics to track what people are doing on your site.
Not making sales? not getting enquiries? Always come back to the One Key Fan. What are they REALLY looking for in terms of their search keywords? Is your website really speaking to what they need?
Social Media, PPC, SEO, etc are all TOOLS to help you CONNECT with One Key Fans. Get to the CORE of the fears/frustrations and desires when designing your Adwords ads and website sales copy.
Once you have made some sales and are confident with your new business – it’s time to put the freedom on turbo!
This is the exciting (an my personal favourite part) where you get an assistant (or team of assistants) to REPLACE YOU in the business.
The golden rule: Anything repeatable is outsourced.
Stuff like customer support, delegating tasks to other freelancers and email can all be handled by an assistant.
Use freelance websites to posts full time positions. I’ve had great successes with people from the Philippines. The majority speak American english and are very competent.
You can get a full time Filipino with a university degree for approximately $250 a month.
A small price to pay for freedom!
Get your assistant to send you a DAILY EMAIL detailing a) what they have done for the day b) where they ran into problems c) what they need you to attend to or teach them
It’s going to feel SUPER WEIRD not checking your email all the time. You’re going to have to adjust to all the free time you have.
The first week I set this up successfully I found myself having to find stuff to do. My brain wanted to check email all the time even though I didn’t need to because I was so used to it.
You have been warned: it’s FREAKY when you can do what you like with your days.
FREEDOM BUSINESS OVERVIEW DIAGRAM
Click To Enlarge/Download – Courtesy Of Carl Östlund
So there you have it.
I hope this has sparked some Freedom Business fire in you. This may seem like a lot, but after your first one or two businesses this entire process becomes a breeze – especially as you start to build long term relationships with great freelancers.
Still not convinced? Check out some of the people in the “Secret Society” that are using this stuff to change their lives here…
Obviously this is a detailed overview and not a full in-depth formula. I’ll be covering topics in more detail in future posts SO KEEP AN EYE ON THE DAILY EMAIL AND THE BLOG FOR MORE AWESOMENESS!
Cheers to your freedom.
PS. Do you have some questions/comments or just wanna show some love? PLEASE COMMENT BELOW. I love hearing from our new community. Big things happening