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SFR 188: Branding Comes Second...

SFR 188: Branding Comes Second...

FromSales Funnel Radio


SFR 188: Branding Comes Second...

FromSales Funnel Radio

ratings:
Length:
19 minutes
Released:
Nov 2, 2018
Format:
Podcast episode

Description

Boom! What's going on everyone? It's Steve Larsen, and this is Sales Funnel Radio.   Today, I'm gonna teach you guys why branding comes second.   I've spent the last four years learning from the most brilliant marketers today, and now I've left my nine to five to take the plunge and build my million dollar business.   The real question is, how will I do it without VC funding or debt, completely from scratch? This podcast is here to give you the answer.   Join me and follow along as I learn, apply, and share marketing strategies to grow my online business using only today's best internet sales funnels.   My name is Steve Larsen, and welcome to Sales Funnel Radio.   Alright you guys, I know that I'm probably gonna ruffle some feathers with this episode. I totally get that. I totally understand. I'm not trying to, but I  feel so strongly about this that if someone gets offended like, “Hmm... Okay! You know, alright... sounds good!”   So it was about six years ago, I had the unique opportunity of going and pitching some actual investors to invest in a business plan that I'd written. Now, this is before I ever had considered the fact that maybe VC funding wasn't always the best route... depending on what you were doing.   Maybe I didn't need to get funding. Maybe I didn't need to give up ownership in a company just to get it going, right?   And what was interesting is.... that was before I learned about any of this stuff.   I've always been very active in this sphere though... And so I was doing what I thought was best.   So what I did is... I remember we went and we wrote, I think it was like a 30-page business plan for the real estate space. It was with a buddy of mine, and he and I (as well as a few others), we came up with this plan.   It was this really cool real estate strategy. His dad was a kind of a real estate mogul, kind of. He was taking us under his wing a little bit, and he was showing us some cool, neat ways to (I think it was storage units) off-set costs with these clever strategies.   And it was cool - it was really cool.   Anyway, so we were excited about it; we're like, "Sweet! What if we just asked for the amount of investment that it would cost for us to go get a down payment on one of these properties? Let's just try it."   And cool enough, the professor we were doing this class with was facilitating the whole process. So the professor went and he actually grabbed these investors, so we did it in front of a live panel of investors.   We had a cool and unique opportunity of going in, and we did the exact process that you see on Shark Tank...without as much drama.   There was no slow motion, and there wasn't any slow-mo 'staring at each other looks' before anyone said anything - like on CNBC. But it was still awesome.   I remember we sat there, and we got to watch as each group would present their business plan; how much they believed their company was worth, give a percentage of the company away in exchange for an investment amount. Then watch them as they would defend why that was an awesome idea, and why they should get the cash, and why they had great numbers. You know, things like that.   It was really, really cool and I learned a lot and understood how all of that works. And it's really helped me even in my funnel building, funny enough. Even though I don't go that route.   So what was interesting is like, as I started doing that stuff they told us, "Hey, if somebody goes in and it truly is amazing - they will actually invest." And I was like, "Sweet, alright!"   Well, we get up there, and we start talking and stuff like that, and I remember that there were these different elements in creating this. It was like a 30-page business plan. It was very, very professional looking. We did everything from a SWOT analysis, (if you guys know what that is). All the standard stuff that you're supposed to do when creating a business plan and analyzing a market.  Which is 100% different than I do it now. Anyway, very fa
Released:
Nov 2, 2018
Format:
Podcast episode

Titles in the series (100)

My first 5 years in entrepreneurship was 34 painful product failures in a row (you heard me). Finally, on #35 it clicked, and for the next 4 years, 55 NEW offers made over $11m. I’ve learned enough to see a few flaws in my baby business… So, as entrepreneurs do, I built it up, just to burn it ALL down; deleting 50 products, and starting fresh. We’re a group of capitalist pig-loving entrepreneurs who are actively trying to get rich and give back. Be sure to download Season 1: From $0 to $5m for free at https://salesfunnelradio.com I’m your host, Steve J Larsen, and welcome to Sales Funnel Radio Season 2: Journey $100M