BD021 – Million Dollar Bootstrap Ballers

HOW FELT LAST WEEK WENT

Rich – either 5 or 8 can’t decide so call it 6.5

Ben – 5

SHOUTOUTS SECTION

  • We have 5 new slack members and we welcome Amaury, Alice, Brent, Ryan & Nigel
  • Now up to 73 members in our slack room and it’s free to join for the first 100.

(01:40) WHAT ARE THE BEST ONLINE BUSINESS MODELS FOR BOOTSTRAPPING TO 7 FIGS +?

We’ve been asking our communities and have had suggestions from Matthew Newton (who was on episode 13), Justin Cooke from Empire Flippers, John Peden and Rich Buggy from the slack room.

Physical products/ecommerce

Infoproducts / membership sites / courses

Productized Services

SAAS

  • @buggy – “… there seems to be a cap around the $500k/year mark unless you start growing a team. I could name a bunch in the $400-$600k/year range. But beyond that it’s difficult.”
  • Rob Walling with Drip?
  • 37signals / Basecamp (easily doing a few million annually)

Marketplace

  • Envato – paid out $180m to publishers last year, revenue has to be significant
  • Empire Flippers – Justin & Joe
  • App Sumo – Noah Kagan (Rich mentioned buzzsumo, meant sumome)

Blogging

17:15 – Pat Flynn’s Back To The Future recreation

(20:20) QUICK UPDATE

Ben

Wrote a bit more for the book, though it’s still not done yet. I need to complete one additional example, and it should be ready to go. I’ve been rushing to get this thing done, but patience is a virtue. Heavily researched course content for this podcast. I’ve begun putting together an outline for a video course. I propose that we setup something like labs.bootstrapduel.com and start building a library of courses.

Rich

Wrote a 5 part email series using the standard drip template (which is awesome) and now just need to record video for squeeze page and run fb ads to it. Have turned off adwords. Been doing research into a niche site I’m gonna be building out in the fitness space fuelled by an awesome empire flippers podcast on lifestyle Larry’s made me realise i’m missing out on amazon affiliate checks. Also been researching into membership sites as I think the elearning model is one of the best online businesses models but will focus on what me & ben are up to for the podcast first. Need to come up with strong brand name as that’s now a significant google ranking factor.

NEXT WEEK IN 30 SECONDS

Ben – This week I’ll try to drop a PDF of the outline into the slack room and see what people think. Working towards launching my product. Hopefully soon!
Rich – outside of building a lead gen agency (didn’t say the c word) my bootstrap week is setting up the facebook ad campaign for the unbreak yourself book a niche site and writing the first couple of product reviews & how to articles.

 

 

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SEO & Funnel guy who flips websites

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