I flew over to the offices of Mindvalley in Kuala Lumpur, Malaysia to interview Ajit Nawalkha, co-founder at Evercoach (Part of Mindvalley)
Topics:
- How to start a company from scratch
- How to build a business to 6 figures
- Should you get affiliates before you have a proven offer?
- Should someone with no history of delivering results create info products?
- How to manage email lists?
- How much training to give someone
I’m interviewing Ajit Nawalkha, who’s the co-founder of Mind Valley India, and Ever Coach. Ajit has specialized in marketing (he has teams of people, running marketing in his company).
I have a member who doesn’t know how to start, they are just starting up marketing, and they want to get into making money online, and become good at marketing, and travelling, and sales. They have no idea where to start: they don’t have a product yet, they don’t have a list yet, they don’t have an audience yet, and they don’t know how to get any of those things.
Every time Ajit starts a new company, he always starts off by opening up a simple landing page, for any idea he wants to pursue in the future. The first step to starting a new business, is to understand the market, and how small or narrow you can go, and understand a little bit about the market, so you can create a business from there, and then go further into it.
Ajit started a new coaching business nine month ago, where he addresses coaches, and teaches them how to get better. Instead of jumping straight into the business, he looked at if they had any existing leverage already: he looked at whether there was a place where he could get existing coaches already, who would show up and be interested.
If he saw the interest, the second part was to throw up a landing page, run a couple of Facebook ads, and see if people would be interested. It’s a very easy target, if you know what you’re going to address. For example, if you were starting a coaching business today, you would throw up a landing page, using click farm, unbound, or whichever software you prefer. It costs like ninety dollars, or you might be able to get a free trial. Set up a landing page, with a simple headline saying: ‘how to xyx’ (whatever the xyz is). For Ajit it was ‘how to be a six figure coach’ because he was addressing coaches, and makeing them into better ones.
1. Which marketing books to read (copywriting etc)
2. How to do webinars better
3. The Mindvalley hiring strategy explained (how to take Facebook, Google employees and recruit them for your company)
4. Why hiring milennials is better for internet based companies
Ajit recommends picking up anything written by Dan Kennedy, as well as a book called copy logic, written by Michael Masterson, which allows you to think logically about copy.
Ajit also gets a lot out of anything written by John Caples. He writes about advertising, but all the concepts apply.
Spin selling is a fantastic book, it’s written for people who pick up the phone. He’s found the concepts behind the spin selling model are applicable to anything. Ajit uses the same model for launches, for consulting calls, for webinars, and anything he has to promote or market.
He also recommends to pick up a book called scientific advertising, it’s a really old book, but it’s a good one. It covers the basics of marketing, and you’ll feel like you already know it all when reading it, but if you really think about it after you’ve finished reading it, it will always give you something new to do, and follow through on.
Ajit’s companies are very much pro about understanding the user experience, and have the most epic experience for every user. If you have a look at his funnel structures, they run a lot of funnels, which are a pile of webinars.