When James Reynolds attended James Schramko's talk in Dubai, he was up against a wall and in debt. With James' help, he identified a business model that worked for him and in a few years built a seven-figure business from nothing. In this episode of Sales Marketing Profit, James shares the steps and phases in his student's inspiring journey.
In this episode:
00:48 - The impact of export marketing
02:05 - Holiday globetrotting
04:48 - The unique Dubai environment
05:28 - A do-or-die situation
07:32 - The right action is crucial
08:15 - The middle man model
10:40 - Someone else selling, someone else supplying
12:50 - $110K in the first 5 months
13:45 - Why the model works better now
15:18 - The step-by-step
17:57 - A simple analogy
18:43 - Some pricing guidelines
20:14 - Recapping the process
20:59 - How to scale the business
22:58 - Finding the right customer
23:37 - What most business owners should do
24:09 - Overcoming capacity issues
26:39 - The next phase: Team and systems
28:30 - Adding a hull to the catamaran
28:03 - The Mastermind effect
29:39 - Business-building steps
31:15 - And here’s the situation now
32:51 - Fixing one constraint at a time
35:15 - Lessons learned
Tweetables:
Taking the wrong action accelerates failure. [Click To Tweet]
What's the shortest line between you and the money? [Click To Tweet]
Have someone else create the solution. [Click To Tweet]
Please comment below
Visit James
Visit Taki