Want to get in on the action? Submit your questions in The Proudly Unemployable group every Tuesday or Wednesday, and get your 15 minutes of fame! Now we’ll get down to the nitty-gritty, let’s see what you had to ask and what I had to answer.
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Q: If you could be any active NFL player today who would you be and why?
A: Of course I’d chose a Steelers player. James Harrison and his one-handed shoulder presses. I like his story: he came back from retirement and he rocked it.
Q: What is the biggest mistake you see solopreneurs make in running their businesses?
A: First: Outsource too quickly. Second: Don’t outsource quickly enough.
Here’s the formula: be sure you know how to do something, find some private clients you can work with who will pay you. Take note of their questions and compile it. When you’ve got a successful business then you can scale it. Create a video course based on those questions and your experiences.
Q: How do you feel about putting a “DONATE” plugin on your website? And do they work?
A: They do work, but results vary based on the audience and audience size. I’ve heard of some shows like Vinnie Tortorich and Abel James have them. If you’re going to use them reinforce it on every show. So give it a shot, see what happens and expand to other products if it works!
Q: In just the last couple of months I’ve figured out how to get myself out of my own way and my network marketing team has exploded. But there’s a problem. It’s been almost exclusively my own efforts and eventually will become unsustainable. So on to the next level of personal development: duplication. How do I build belief in others and help them get out of their own way?
A: It’s all about follow up and duplication. Make sure people are plugged into social media, the Facebook groups and the training calls. There is tons of training and coaching, so plug your team into a regular system.
Q: Besides active listening, what are the top skills you are constantly refining, that make you a great coach and get your clients the results they’re looking for?
A: Keep it real. I don’t pussyfoot around the truth. I believe if people want actual coaching then you should coach them. And I never take advice from broke, unhappy people. Finally, I connect the dots for people by knowing a lot about what is happening in the world and being empathetic, understanding where the person I’m coaching is at on their timeline.
Q: If you had to choose, The Cayenne or the Panamera?
A: I wouldn’t drive a Cayenne if you paid me, I’m not an SUV guy. I love the Panamera, it’s a Learjet on wheels to me.
Q: Hey Michael, have had my head down in the trenches so to speak for the last 2 years. Finally feel like we’ve managed to get some traction. Our podcast numbers are growing nicely and we have a few products that are selling really well. The last 3 months has seen us make more money on the side than from my full time job. When should I consider going full time into my business?
A: If you can bring in equal to or more money than your job over the course of 3 months, it’s time to go. Explain to your boss what you’ve built and ask for what you want next. If you want out, give your notice and train the next person before you go. If you don’t like it, clock out.
Q: Could you give another plug please for a UK Mastermind group Michael? We need more people to make it happen. Thanking you!
A: We’ve talked about coming out to London and doing a one-day show. I’m talking with John Lee Dumas, and other folks and will tell you how we end up. If you want to join us in London Tweet me or post in the Proudly Unemployable group.
Q: Hey Michael, as a professional magician I haven’t a business that’s very scalable. I’m therefore creating a resource for other magicians who want to turn professional and start earning money from their hobby. Should I be the face of this (ie, “Robert Bone’s How to be a Pro Magician”) or distance myself and let the quality of the product do the talking? Could such association help or hinder my existing business?
A: Of course you should! Break down the steps you’ve taken to become a professional magician, take on some independent clients and coach them to follow in your footsteps. Do it for 4 or 5 people, then scale that into a business. You should be the face of it.
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