ForeverJobless Podcast w/ Billy Murphy | Serial Entrepreneur and Blogger

Want to be a successful? This episode tells a great story about how people that are successful actually get there. I share the story a trainer who got to work with Kobe Bryant told about the ridiculous work ethic that he had. It’s pretty unbelievable.

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Are you having incredible success? If not, it might be because you’re not willing to have incredible failures. This episode will help you take an honest look at whether your unwillingness to risk failure is holding you back from achieving great success.

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Andrew talks about leveraging the fact he owned his product by white labeling it and netting an additional five figures by doing so. We discuss affiliates and the pros/cons to going that route, and go into several examples including one that Andrew’s currently testing. Andrew also talks about all the things he has going on over at eCommerceFuel.

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Andrew and I debate whether consulting is worth it since it’s not a scaleable business.

This is a follow up conversation from episode 76.

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I talk with Andrew about the many different directions I’ve debated going with bringing someone on to ForeverJobless to help outsource/scale it into a business.

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Andrew and I discuss our lack of desire to get expensive cars, and how there’s much better things an entrepreneur can spend their money on. Andrew tells his story about how he bought his first car, and a little lesson on negotiating and pricing strategy.

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In this episode I bring on my buddy Andrew Youderian. He sold one of his e-commerce stores for $170k in a public auction with a reverse bidding process. We talk about the unique process he used, the benefits of doing it that way and the things he learned and would do differently if he had to do it over again. We also discuss the Flippa bidding strategy I used when I was actively buying e-commerce stores.

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Neville and I discuss how easy it is to acquire the knowledge you need to get rich, but how few people put in the effort to do it. Everyone started without knowing anything— whoever spends the time learning will get an edge over those who don’t. However, you also need to apply that knowledge by taking action.

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Neville tells a story of a company that made only $47 their first 6 months. $47!! They lived a little out of their comfort zone, which led them to do consulting to help cover their expenses. Now fast forward years later, the guys are rich because the consulting led them to find another opportunity. This is a follow up example from episode 70.

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Neville and I talk about whether or not you should you supplement your income if you’re attempting to build a big company, or focus all your energy on the business instead. Is it worth it to work up enough semi-passive income to cover your expenses so you can focus solely on your project, or do them both at the same time? Neville and I discuss this, as well as confirming what was discussed in episode 64, that passive income doesn’t really exist for most people.

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