Move The Needle
Launching An Online Business With Little Investment Capital
Episode Summary
The unique ways Greg and Jason got started with their online businesses and the early lessons they learned.
Episode Notes
Topics discussed in this episode include:
- Jason discusses how he got started building online courses.
- Why Jason decided to build is own online course hosting software.
- How much money Jason invested into his first software-as-a-service application, Teachery.
- The offer Jason made to get the initial users on the platform.
- The ways Jason marketed Teachery in the early stages to reach its first 100 customers and $6,500 monthly recurring revenue.
- Views on paying yourself in the early days of launching a business.
- Views on organic growth versus manufactured growth.
- How to avoid competing against other companies that truly aren't your competitors anyway.
- Jason's plans to move Teachery from self-employed status to business owner status.
- The crazy back story of how Greg ended up with 150,000 ornaments.
- The steps Greg took to launch his first e-commerce business, Only Ornaments.
- Views on how to keep costs low when running a product-based business.
- How Greg calculates a return-on-investment in terms of time, not just money.