Category Archives: IMIT Topics

How Brett Turned $29 into $1.3 Million

Meet Brett, an everyday guy who’s changing the game with his unique approach to online business with his company DesignJoy.

Working as a graphic designer, he realized there had to be a better way to work with clients so he set out to find it. Here’s what you need to know:

The Common Misconception: Talent is Everything, Right?

Well, not quite. Many believe they can step into an industry they know nothing about, just like Elon Musk, and revolutionize it. But that’s not the whole story. The truth is, most of the time, success is a product of consistency, not innate talent.

Learning the Ropes: What Brett Did Right

Brett didn’t wait around for credentials or permission. He didn’t need tons of capital or a massive team either. He started small, with a mere $29 landing page, and launched his idea on Product Hunt – all while still working his 9-to-5 job.

The Power of the MVP (Minimum Viable Product)

Instead of guessing what his clients wanted, Brett collected real-world data. He built his service in public, tested assumptions, and iterated based on what he learned. This approach drastically reduced guesswork and accelerated his success.

Speed to Success

In the online world, the speed of value delivery is crucial. Brett understood this and applied it to his business. While traditional design agencies took weeks or even months to deliver, he slashed the time to just 48 hours or less. It’s all about delivering value as quickly as possible.

Productizing Your Skills

Everyone wants to create the next Tesla or Apple, but that’s a tough feat. Brett took a different route. He transformed his skills and knowledge in design into a service-based business with low startup costs, low overhead, and no inventory or employees.

The result? Nearly $100k in profit per month, with just $176 in monthly expenses.

Keep It Simple, Stupid (KISS)

Brett’s tools are surprisingly simple: Trello, Airtable, Webflow, Figma, Shutterstock, and Zoom. He keeps it straightforward so that anyone, even those unfamiliar with design, can understand his process.

Remember, simplicity can be a key to success.

Meetings: Less is More

Brett made all client communication asynchronous, minimizing live meetings. This approach allowed him to focus on high-value tasks and protect his energy. While your customers may require more interaction, the principle remains: Keep live meetings to a minimum.

Positioning Beats Talent

Brett admits he’s not the best designer out there, but that’s not what sets him apart. It’s his positioning and offer. He thinks of business model as the Netflix of design, offering unlimited requests and revisions; a rarity in the industry. He’s created a unique value proposition that stands out.

Solve Your Own Problem, Then Share It

Brett packaged his knowledge into an online course filled with frameworks, mental models, and strategies. He’s part of a growing movement where successful individuals openly share their secrets to help others. It’s about providing value and helping others succeed.

Referrals: The Rocket Fuel

Brett swears by referrals as the number one growth tool for DesignJoy. His secret is having a stellar product that people can’t help but talk about. Notably, big clients like Dave Gerhardt have become advocates. Moreover, they introduced a refer-a-friend feature that brought in $1500 on its very first day.

Brett credits Rewardful for simplifying the process of setting up a legitimate referral system, allowing affiliates to start referring immediately.

Pricing for Prosperity

A recent strategic move involved raising the monthly prices for each tier by approximately 50%. While the primary goal was to manage growth and workload, the result was twofold: Increased revenue and attracting higher-quality clients.

It’s a testament to how pricing strategy can shape a business. (Is it time you raised your prices?)

Timing Is Everything

Brett’s got an amazing talent for spotting trends before they become the next big thing. Take, for instance, the rise of Webflow. Brett saw this and decided to make DesignJoy a major player in that arena. It’s impressive how having foresight and perfect timing can launch a business to new heights.

Side-Project Magic

Brett’s side project, Scribbbles on Gumroad, has turned into a goldmine of traffic for DesignJoy. This demonstrates how diversifying your entrepreneurial ventures can have a beneficial ripple effect on your primary business.

Product Hunt and Hacker News: Launchpad to Success

DesignJoy reached $5k in monthly recurring revenue thanks to a successful Product Hunt launch. Next, it also gained some attention on Hacker News, which helped boost its visibility. This goes to show the power of utilizing online platforms and communities strategically.

The Art of Hard Work

Brett openly admits to putting in an intense amount of work and genuinely enjoying the grind. This dedication is evidently paying off. However, everyone has their limits, and it seems Brett is considering bringing someone else on board soon to maintain this impressive growth trajectory.

Solo Founder Strategy

Managing DesignJoy as a solo founder might sound intimidating, but Brett’s approach is straightforward (albeit a little scary). He prioritizes output over client communication, admin work, and emails.

While this approach does result in some churn, Brett believes it’s a worthwhile trade-off. Additionally, there’s a zero-tolerance policy for clients who slow down the process.

However, it’s crucial to note that impeccable output is non-negotiable for this strategy to succeed. Not everyone can do this.

Key Takeaways

Brett’s journey teaches us that being consistent and dedicated can lead to success. He began with small steps, didn’t make things too complicated, and made sure to provide something special.

His story tells us that success often comes from doing regular things well for a long time. So, if you want to succeed like Brett, start small, don’t guess too much, keep it simple, and focus on the important stuff.

 

 

 

 

Cashing in on Underserved and Emerging Niches

One of the most intimidating factors in trying to start an online business is the process of selecting a niche that you feel will be profitable and that you can still be competitive in. Many marketers make the mistake of pursuing too broad of a niche that is flooded with competition, while others go so narrow that there is little hope for them to earn any money in it.

A better option is for you to learn how to identify niches that are either underserved or emerging as something formidable. This way, you are choosing something that has ample profit potential, but you’re not going to head-to-head with a bunch of competitors who have been catering to that target audience for months and years before you.

You obviously want a niche that has some competition. Without it, it would be a significant indicator that you might be looking at something that’s a waste of your time. But it has to strike the right balance.

If you’re trying to compete with too many people, it can be problematic in getting your site ranked, in growing your list, in carving out brand recognition for yourself, in building a social media following – and more.

Inside, you’re going to discover the amazing opportunities lying in the underserved and emerging niche markets so that you can stake claim to your fair share of opportunities designed to fill your coffers with case.

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Start, Grow, Engage and Monetize Facebook Groups

While it’s a great idea to run your own finely-tuned Facebook Group, make sure you take advantage of other Facebook Groups too—as a member. If you search Facebook Groups, you will often find groups that actively encourage you to promote either free offers or paid ones.

Do look carefully into these Groups before joining: Some are more effective (and more active) than others.

Avoid any Group that seems “spammy.” And check out these twenty-one ideas for making the most of Facebook Group monetization opportunities.

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How to Sell 10,000 Products on eBay

Imagine you can sell 10,000 different products on eBay, and the best part is, you don’t need to create, store, or ship any of them. Sounds intriguing, right?

I’d heard of this idea before, but never on this scale.

Here’s how it came across my radar this time: I was looking for a book, and when I Googled it, I found it listed on eBay. So, I made the purchase. Two days later, the book arrived in the mail, but guess what? The return address was not some random eBay seller but Amazon. That got me curious.

I dug deeper into the eBay seller’s profile and here’s what I found: They have more than 10,000 products listed, and every single one seems to be an Amazon item, priced $5 or more above what you’d pay on Amazon.

You know this person is making a lot of money because who in their right mind would find and list 10,000 items if they weren’t making serious bank?

Even if they just clear a buck from each listing per month, that’s $10,000 profit per month, just for listing and selling. Who knows, they might clear $1 per listing weekly, or even daily. The point is, they are clearly making money.

Now, let’s explore how this Amazon reverse arbitrage thing might work:

  • Finding Products: Start by looking for simple products on Amazon, like books.
  • Listing on eBay: List those products on eBay at a price higher than what you’d pay on Amazon, ensuring you make a profit.
  • Making a Sale: When someone buys the product on eBay, you can then purchase it on Amazon and have it shipped directly to the eBay customer.
  • No Financial Risk: Here’s the cool part – you don’t have to order the product from Amazon until someone buys it on eBay. This means no upfront costs or financial risk.
  • Shipping Covered: You won’t have to worry about packaging or shipping costs because Amazon takes care of that for you.
  • Handling Returns: If someone returns an item to you on eBay, you can simply return it to Amazon for a refund.

It’s like running your own online store without ever having to touch the products. It’s an interesting way to make money online with minimal risk. If you’re interested, give it a try and see what happens.

You’re Smarter Than You Think

This isn’t your typical online business guide, although you’ll find loads of helpful tips inside.

Instead, think of it as your personal confidence booster and cheerleader whenever you need a lift.

These are the methods, concepts, and ideas I rely on for my own business. You don’t need them all, but having more at your disposal certainly makes online success easier to attain.

The entries here are all mixed up and in no particular order.

To use this book, just think of a number between 1 and 150 and then flip to that item. Hopefully, it’ll be the message you need at that moment. If not, pick another at random or just keep reading.

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