Here’s How You Can Learn to Evaluate Risks Before Taking Them

Before taking that leap, read this first. March 19, 2018 1 min read Opinions expressed by Entrepreneur contributors are their own. Many times throughout your path as an entrepreneur, you’re going to be making major decisions, many involving a risk.  And to be successful, you’ve got to know which risks to take. Related: How to Take Risks That Win (Almost) Every Time Nick Devane, the CEO of PilotWorks, a co-working space and commercial kitchen rental company that caters to food entrepreneurs and startups, learned first hand how to evaluate risks and through his experience, developed his own strategies for risk-taking. Before becoming a co-working space, Devane’s company was bootstrapping its way to becoming a peer-to-peer software marketplace. However, when that didn’t work out, his team took a risk, which entirely changed the company’s trajectory. How did Devane decide to take this leap? He looked at the data and talked to team members and customers to get feedback. Related: Richard Branson […]

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A Step-by-Step Guide to Setting Up and Growing Your YouTube Presence

When was the last time you saw a video on YouTube? I bet you’ve seen one today. YouTube is too huge and too popular for marketers to ignore. If you don’t have a YouTube channel, now’s the time to start one. If you have a channel and you never got it off the ground, now’s the time to take action. This article will take you through the process of setting up your YouTube presence, listing steps, tools, and important tips to get you started and moving forward. 1. Define your goals If your goal is to become a YouTube star, you might be a bit late to the party: it’s really hard to get noticed these days — too competitive. Stardom will take years of hard work to achieve because of the number of channels users have to choose from. Even back in 2014, when I was reading about YouTube […]

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Open Cart or Closed Cart? That Is the Question.

Selling and promoting a product or course? Ask yourself: open cart or closed cart? The pros and cons of an open cart, closed cart, and more! Pat Flynn August 21, 2017 As someone who’s been in online business for almost a decade now, I’m grateful to have met and built friendships with many amazing people, such as Amanda Bond and Greg Hickman, who’ve been successfully selling products online for years. I’ve learned so much from these people over the years, and have been truly inspired by all of them. I’ve poured all of that learning and inspiration into my recent online course launches: Smart From Scratch® and Power-Up Podcasting®. I’m so thankful for that. As I continue to learn more (there’s always more to learn!) about selling and promoting products online, there’s one question that I keep asking myself (and, as I’ve realized, I’m not alone in this). That question […]

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The Future of Work Relies on Your Developing These 5 Team Skills

Are your employees upgrading their digital fluency? Improving their multi-cultural dexterity? March 19, 2018 5 min read A Note From The Editor Think your company has what it takes to make our Top Company Cultures list? Apply now. Apply now » Opinions expressed by Entrepreneur contributors are their own. A change-or-die moment may be coming to your business: Across multiple industries, disruptive changes are happening more and more frequently. Related: 4 Secrets Behind the Best Employee Training And if employees don’t have the right skills to keep up, employers will face an ever-widening skills gap. In February, the Institute for the Future and Cornerstone On Demand released a report that identified five “super skills” that will “groom people for just about anything.” By “super skills,” the nonprofit Institute and the talent management software company — both based in California — meant workplace training and experiences that will allow employees to adapt and succeed, no matter what […]

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SPI 279: Finding Fringe Hours and Work-Life “Balance” with Jessica Turner

Today’s guest is an expert at finding more hours in the day. No, she hasn’t invented time travel—not yet, anyway. Jessica Turner has mastered the art of maximizing “fringe hours” and making time in our days to do the things we love. In today’s episode, she’s spilling her secrets. In addition to being an online business owner and bestselling author, Jessica works a full-time job and is a mother of three. She also routinely makes time for herself in her “fringe hours,” those slivers of the day just waiting to be put to use. Jessica explores this time management strategy in her bestselling book, The Fringe Hours, which continues to change the lives of busy professionals and parents like herself. In this episode, Jessica explores the importance of making time for ourselves and strategies even the busiest entrepreneurs can put to use. You’ll hear her advice for achieving work-life satisfaction (versus work-life “balance”), as well […]

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Fiesta Americana Puerto Vallarta Tour & Drone Video

On this episode of the Dot Com Lifestyle Vlog, I I take a tour of the Fiesta Americana Puerto Vallarta All Inclusive & Spa. This is the resort I’m staying at during the Titanium Mastermind. It’s a nice place to make money online and live the Dot Com Lifestyle. How To Live The Ultimate Dot Com Lifestyle I have many internet products and services that makes me money while I’m sleeping. Continuity affiliate programs like Aweber, LeadPages, ClickFunnel, MOBE, and others ensure a steady flow of income no matter what I’m doing or where I am in the world. Of all the programs, MOBE has consistently been one of the highest earners. It’s the program I recommend for new and experienced Internet marketers. The best way to start is by applying for the 21 Step System. This is a step by step system that I created with MOBE to help […]

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How You Can Get Ahead in Business in Just 5 Minutes

In today’s world, giving to others gets results. Author Adam Grant explains his strategy for helping others — on your own terms. March 19, 2018 4 min read A Note From The Editor Think your company has what it takes to make our Top Company Cultures list? Apply now. Apply now » Opinions expressed by Entrepreneur contributors are their own. I talk to the authors of non-fiction books and learn how they apply their book’s lessons in their own lives. For this article, I talked to Adam Grant, author of Give and Take. The stereotypical image of people in the world of business is that they are cutthroat and ruthless. But Adam Grant, the youngest tenured professor at Wharton School of the University of Pennsylvania, has another idea. Related: Even the Smallest Acts of Generosity Make You Happier, New Study Reveals Through the research explored in his book, Give and Take, Grant has shown that success […]

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My July 2017 Monthly Income Report

Welcome to my July 2017 Monthly Income Report. Thanks for checking it out! Each month, I write a detailed report about my online businesses, including what I’ve been up to, the lessons I’ve learned, and, of course, the money I’ve earned online. I’ve been publishing these reports since October 2008, so make sure you check out the income reports page if you’d like to go back in time and check out the complete history. If this is your first time at Smart Passive Income (SPI), thanks for being here. SPI was built to serve others by experimenting with my own trials and errors. Sometimes the business experiments I try work well, and other times they don’t. But each time there’s a lesson involved that I can pass on to you so you can have better insight and knowledge moving forward with your own business or project. Smart Passive Income isn’t […]

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Government Shuts Down Cryptocurrency Pyramid Scammers

The defendants allegedly claimed they could turn the equivalent of around $100 into $80,000 in a month. In reality, most victims weren’t even able to recoup their initial investment. March 19, 2018 2 min read This story originally appeared on PCMag The Bitcoin boom has some people forgetting the old adage “if it sounds too good to be true, it probably is,” and scammers are cashing in on that naiveté for their own gain. The Federal Trade Commission on Friday announced it has shut down the operations of four individuals who allegedly ran get-rich-quick cryptocurrency schemes, promising victims large returns in exchange for a small payment of Bitcoin or Litecoin. Three of the defendants — Thomas Dluca, Louis Gatto, and Eric Pinkston — allegedly operated pyramid schemes known as Bitcoin Funding Team and My7Network. Through their websites, YouTube videos, social media accounts and conference calls, the trio allegedly claimed they could turn the equivalent […]

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Physical Product Experiment [PPE #4] Manufacturing & Shipping

I’m in the process of making a physical product (calendar and workbook)! In the fourth installment, I explore product manufacturing, shipping, and a sneak peek at the design! Pat Flynn August 11, 2017 It’s the fourth installment of the Physical Product Experiment! In case you missed the previous installments, make sure to check those out before you read on. You can find those posts here: To jog your memory, the Physical Product Experiment is a brand new venture for me. It’s super exciting, but it’s also something that could potentially fail (like with anything, I guess). But that’s why I am taking my time with it. I want to do it right, make sure I thoroughly test out the idea before releasing it into the public. I want it to be a success. I’ve never created a physical product before, but it’s something I’ve always wanted to do. Initially, the […]

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How to Spot a Liar in an Interview — and What to Do About It

To spot a liar in an interview, pay attention to these three key factors. March 19, 2018 4 min read This story originally appeared on Glassdoor Let’s be honest — which, we admit, may be slightly ironic for an article about lying — and confess we’ve all been tempted to lie in an interview. But most of us also know telling whoppers will get us nowhere fast, and so, we give it to a recruiter straight — for better or worse. Unfortunately for recruiters and hiring managers, however, not all job candidates are so scrupulous. So how can they spot and liar? And what should they do once they do? Sharlyn Lauby, president of ITM Group Inc. and founder of HR Bartender, has some expert advice for exactly how to navigate this tricky situation. Related: 7 Ways to Get Recruiters and Job Offers to Come to You First, “if a candidate is truly lying, it’s important […]

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SPI 278: List Building Made Easy with Special Guest Amy Porterfield

Great news, SPI family: Amy Porterfield has returned to the podcast for yet another insightful, actionable episode I know you’re going to love. Today, she’s covering everything an online business owner needs to know about list building, from capturing new leads to pitching your products. Amy’s a master at bringing new fans into the fold, whether they find her through her podcast, her live video streams, or her webinars. Amy’s developed a killer strategy for hooking potential followers, connecting them with the right resources, and building trust before presenting them with a sales pitch. A key part of that list building strategy is the “content upgrade,” a value-packed downloadable resource Amy gives away for free. Offerings like this are why Amy has become such a list building master and trusted expert in the online business world, and I’m thrilled to have her here today. Listen in (and learn alongside me) as Amy explores building a list, fine-tuning a sales […]

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Why Warren Buffett Still Uses a Flip Phone

Why doesn’t Warren Buffet use a smartphone? Because he’s “out of touch.” His words. Not mine. But why are people even asking this question? Because Warren Buffet owns a large chunk of Apple. And Apple is best known for its iPhone. Even when the CEO of Apple asked Buffet if he wanted one of the famed iPhones, Buffet said “Nope!” Buffet isn’t alone among his generational peers. The early Baby Boomers and late Silent Generation are having a hard time keeping up with technology despite its relative ease of use. Why is this? Why are flip-phones so much more comfortable than widgets? Let’s take a look. 1. It’s a Global Phenomenon You would think that maybe our country was somehow “behind” technologically to countries like Japan. But the seniors in our country aren’t unique. In fact, an initiative in the Asia-Pacific region, Project Silverline, is attempting to connect seniors with […]

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Insights About Leadership, Happiness and the Future From Arianna Huffington, Will.i.am and Other Global Thought Leaders

Visionaries gathered at the World Government Summit in Dubai grappled with how to harness the power of technology without letting it overpower our humanity. March 19, 2018 6 min read A Note From The Editor Think your company has what it takes to make our Top Company Cultures list? Apply now. Apply now » Opinions expressed by Entrepreneur contributors are their own. The way we work has changed and as a result, the way we lead must, too. People have more communication tools but less time free from distraction. We are all constantly consumed by work and tasks, which results in many employees working themselves into depression and exhaustion. This has to change. It’s not healthy, it doesn’t contribute to a more effective workday and data shows that it’s bad for business. Early this month I attended the World Government Summit in Dubai. The summit had some amazing leaders in various industries speaking and […]

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31 Tips from 31 Course Creators on How to Build and Launch a Successful Online Course

Entrepreneurs from various niches share their number one lesson learned from creating an online course. Pat Flynn August 7, 2017 This was my first year experiencing what it was like to create and sell online courses. With one public course launched (Smart From Scratch®) launched earlier in the year, and another one that just launched last month (Power-Up Podcasting®), I’m already experiencing the benefits I always heard other course creators talk about: Increased income, yes. But, more importantly, increased amounts of success stories. Truly, there’s no better way to package up information you have to solve a problem, and provide a win for your customer while also getting paid at the same time. As an advisor now to Teachable, the online platform I use to host and sell my online courses, I knew there were tons of other course creators out there—many more and different experiences than my own—who could offer […]

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This Museum Is Dedicated to Failures

This story originally published on April 27, 2017. From honoring scientific discoveries to displaying paintings by masters, museums help to preserve, document and share some of the most spectacular accomplishments of people. Now there’s a museum showcasing things that … didn’t come out so well. Related: 6 Proven Strategies to Rebound From Failure The Museum of Failure, currently in Los Angeles, is a traveling pop-up museum that showcases some of the world’s most notable and interesting product failures and highlights what they can teach people. The museum houses more than 60 failed products and services from around the world. For a sneak peak, take a look at these eight that are displayed in the museum’s collection. Read_more Related posts: 18 Brutal Business Failures by Wildly Successful Entrepreneurs (Infographic) Internet Trailblazer Jean Case Shares How to Make Your Failures Matter What You Can Learn from ‘Shark Tank’ Contestants’ Successes (and Failures) How 10 […]

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SPI 277: Buying Push-Button Solutions vs. Taking Real Action—A Coaching Call with Amy Torres

Today’s episode is a special one. You’ll get to hear a coaching call with entrepreneur Amy Torres, who’s been creating courses, blogging, coaching, and writing books for years. Her latest course is about to launch, and she’s got questions about scaling, marketing, listening to her audience, and providing as much value as possible. In this call, we talk through what she can do to take action and bring her course to the next level. I love working with fellow entrepreneurs on the early stages of their business—it’s the focus of Will It Fly? and my online course, Smart From Scratch. [Full Disclosure: As an Amazon affiliate, I receive additional compensation if you purchase Will It Fly? through this link.] Amy, however, has done her research, moved beyond the validation stage, and is ready to see her new course bring great things to her online business. Where should she direct her focus? How can she scale […]

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Frank Oz Reveals Jim Henson’s Creative and Inspiring Leadership Secrets

March 19, 2018 4 min read A Note From The Editor Think your company has what it takes to make our Top Company Cultures list? Apply now. Apply now » Kermit. Miss Piggy. Big Bird. Elmo. These iconic characters have entertained and inspired for decades. But while you know their movies and songs, you might not realize how they came to be and the creative culture that made them possible. A new documentary, Muppet Guys Talking, sheds some light on the process, bringing five original performers together for the first time. The film, released exclusively online, shares insights into how Jim Henson and his team created the trust and freedom needed to make groundbreaking shows like The Muppets Show and Sesame Street possible. Entrepreneur.com spoke with Frank Oz and producer Victoria Labalme about the strategies the performers used every day, how Jim Henson shaped them and what all of us can take from […]

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The Coffee Shop Is Sexier than The Bar

The coffee shop is your answer to a power outage in your home. The bar is your existential crisis. The bar is trite debauchery. The coffee shop is a romantic partnership between your active mind and your aromatic beverage. Parsing your thoughts and indulging in every sip. The bar is where you temporarily stop apologizing for making up new words. The coffee shop is where unapologetically making up new words becomes conviction. The bar is where you forget which day of the week it is. The coffee shop is where you accept that your schedule is inconsistent. The coffee shop is where fragrant fantasy transforms into tangible truth. Where life becomes art. Where you get used to working with the best you can do with where you are right now. And then using it to your advantage to create, even when you don’t feel like it. That’s sultry. The coffee […]

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How to Increase Sales by Implementing a Customer Loyalty Program

If your sales are starting to plateau or decline, you’ve got to come up with a new strategy to get a cash injection into the business. Even if your company is doing OK right now, you have to ask yourself whether your current business model is sustainable in the future. It’s always important to analyze the trends and plan ahead. Are you utilizing a customer loyalty program? If you have a loyalty program in place, that’s great. You’ve at least identified it’s necessary. But now, it’s time to make sure it’s actually making you money. If you don’t have a loyalty program set up, that’s OK for right now. However, I’m going to explain to you why that needs to change soon. Even if you don’t have a customer rewards or loyalty system in place, I’m sure you know how these work. You might even be a loyalty program participant at […]

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