POPULARITY
On this episode I talk with Dan Faggella from techemergence.com who had a 7 figure exit from his ecommere business. Show notes at >> https://richardpatey.com/techemergence/ Dan used his ecommerce business ScienceofSkill.com to fund his bigger ideas around AI, transhumanism and artificial sentience. He needed a location independent revenue stream to move onto his life's purpose helping to make the arms race of intelligence as non-confrontational as possible. He shares Elon Musk's views that a merger with machines is inevitable. We talk about the impact of AI on the future or work and (the end of) jobs as well as marketing (the link he mentioned).
A business can't really be sold until the seller has all of their ducks in a row and is able to sell. Having everything done to prepare a business for selling can also make the transition easier and command a much larger price. If a business is built on your personal success, you have to remove yourself from the business and the process. Daniel Fagella always knew that he was going to sell ScienceOfSkill.com, but it didn't happen as quickly as he expected. After reaching out to us after just a few years in business, he learned that he would need to hang onto the business for a few more years and work to transition himself out of the business. After growing the business to over $2 million in annual revenue, Daniel worked with Jason Yelowitz to sell his business for seven figure acquisition. His deal closed early in 2017. Episode Highlights: How a roof collapse was the beginning of Daniel's adventure of having an ecommerce site. Marketing automation based on segmenting based on behaviour. In order to build a sellable business, you often need to wait until you have enough history to justify bank financing Creating a transferable business is key to getting more value out of a business Working yourself out of your business involves two principles: removing your name and your image, and removing your knowledge of processes How Daniel had to split his time between both businesses until he had the runway to sell. Problems with banks not understanding ecommerce business. They had to convince them with more financials than he would have liked. Daniel built his business using email marketing automation. Tips on how to first dissect an email marketing automation campaign. What you need to know to build an automation campaign. How bad events can lead to big, positive changes in life. Everything worked out, but it was tougher than he thought it would be in the early days. Being a grown up and implementing systems and processes to get himself out of Science of Skill. Dan's buyer got an SBA loan. It took some time, but the deal went through. Life after the sale. No regrets. Transition wise, Dan couldn't have hoped for anything better. Resources: Dan Faggella Dan Faggella on LinkedIn @danfaggella on Twitter Tech Emergence Jason Yelowitz How a 28-year-old turned a hobby he picked up as a teenager into a business that earns over $200,000 a month Infusionsoft Why I Bootstrapped TechEmergence – from Dan Faggella Science of Skill
Dan is founder of TechEmergence.com to be a media and market research firm to spread the global conversation around the applications and implications of artificial intelligence, with the eventual goal of informing global policy. TechEmergence is funded by the sale of his multi-million dollar eCommerce business ScienceofSkill.com. Sponsors: ZipRecruiter: Find out today why ZipRecruiter has been used by businesses of ALL sizes to find the most qualified job candidates. Post jobs on ZipRecruiter for FREE today by visiting ZipRecruiter.com/fire! Billy Gene is Marketing: Ready to kick "Learning But Not Implementing" to the curb? Visit BuildAdsWithBilly.com and reserve your spot for his private workshop going down Aug, 31, 2017 for marketers and entrepreneurs at the Hard Rock Hotel in Downtown San Diego!
What if you could learn the rituals to maximize your potential, learn to learn faster, methods to automate your business, and strategies to multiply lifetime client value, what would that do for you? Today you’ll discover how to tap into your human potential, automate your business, and grow your Client Lifetime Value with serial Entrepreneur Dan Faggella. He built, grew, and sold his first company by the age of 25. Today, he’s the founder of ScienceOfSkill.com, CLVBoost.com, and TechEmegence.com and he helps business owners around the globe build businesses around their passions and automate their businesses using email, software, and tools for growth, mastery, and freedom. Here’s a glance of the strategies you’ll walk away with today: A new unique view of Entrepreneurship: What the future looks like: brain machine Interface, neuro prosthetics, artificial intelligence, tinkering with memory, emotions, and the human mind to enhance humanity; Rituals that are critical for personal and business success to keep you grounded emotionally; The morning routine for greater personal productivity and keeping in line with your biggest goals; “My morning routine helps me stay anchored what’s going to keep me in line with my highest goals”; “It’s Easy to get to the End of the week and say: I’ve got all of this stuff I really care about, what happened?” Why using a sleep tracker can help you be more productive; Morning rituals for greater productivity (and allows Daniel to run 3 companies); “Rituals allow me to take the Pause in the morning, root myself in what matters, and to make sure my day is aligned with that”; Why Rituals are Important for Skill Development – in sports, business, and life; “Having templates to follow frees up mental space and gets us in practice”; What great athletes and corporate athletes do to get and stay in a peak state; Business rituals you can model to automate your business with email; “Email drives a lot of self-turning systems for marketing, generating leads, and converting sales”; “Done right, systems (like email) are set up to run themselves without you”; The One Routine To Set Your Revenue and Growth on to generate more engagement, referrals, sales, and profits: The Poll Technique(HINT: Identify their top 3 desired benefits and biggest objections from getting started with your products/services); “Dial in to what clients care about by anchoring in on your clients values”; How using the phone can help you build out an automation model with email and can give you deeper insight and wisdom around your audience (and give you your core values and benefits in your future offers); Why segmenting your audience is a multiplier for your business (HINT: Segment by industry, age, gender, business type and more); The growth maximizer: Enhance and engage the human experience with connection and bonding in your automated model; Critical Questions for Client Engagement (and to track in your business): Why do you do business with us? What would have made you leave? What do you care most about? And what are you currently using or doing to solve that problem? The mindset you MUST have if you want to grow and scale in a bigger way: “Automate early, stop doing it manually, and pick a bigger niche”; Tim Ferriss’ing your Business: “Determining everything that can be automated in terms of making money and delivering product – and then what is your minimum viable involvement to make sure everything runs on auto pilot”; “To have the systems in place that make the money, handle the customers, deliver the products, and done in such a way so I DON’T HAVE to be involved at any given time”; “Smart Automation, Smart Marketing, and Smart Innovation allows you to work ON your business instead of IN it”; The Common Factor’s to Grow and Scale: Dial in to who your customer is and automate the way you sell your products and services, with a system that runs when you are not there”; Automation Architecture: It’s not the industry, it’s not the revenue, it’s not random emails, it’s in an architecture to build engagement, leads, sales, upsells and down sells that you can test, refine, and watch run (without you)”; True success is knowing that you can take it all away and give someone a notebook and a pen, drop them off in the middle of anywhere, and they would be back to the same place (of wealth) within 12 to 18 months; “Customer Lifetime Value sets the focus on a transformational business: How much value can we provide and how many different ways can we provide value!”; The Top Marketing Lesson’s You can Take away to Build More Sales and Profits: Find a product market fit, dial into you audience, know your clients, segment and treat them individually; “Knowing your customer - it’s not knowing one person, it’s knowing the different kinds of customers and segmenting them accordingly - gender, age, goals, amount of revenue, and more - and translating that into copy that sells”; And much, much, more… Dan Faggella can help you optimize and automate your business to allow you to spend more time working ON it instead of IN it. Dan sold his first company by age 25, and is the founder of CLVBoost.com, Science of Skill, and TechEmergence.com. He’s also been has been recognized by major media sites such as the Boston Business Journal, MarketingProfs, Direct Marketing News, and more. Contact Dan Faggella by going to http://www.CLVBoost.com or dan@clvboost.com Get access to the full show here at: http://www.growthtofreedom.com/25 Dan was referred by Dr. Jeremy Weisz. He is the founder of InspiredInsider.com, Chiropractical Solutions, Chriropractorjobfinder.com and Producer for Mixergy. He regularly works with doers, big thinkers, and mentors who have a passion to live as a servant leader. Dr. Jeremy Weisz’s interview at http://www.growthtofreedom/14 Get more clarity, capabilities, and confidence and join us for a new show at http://www.growthtofreedom.com =================== ABOUT DAN KUSCHELL: =================== Dan Kuschell is a success driven business growth strategist, a media contributor, and thought leader. He helps entrepreneurs, leaders, and business owners grow and scale their companies 10x by driving the flow of elegant ideas, execution, and team-culture for greater clarity, confidence, and direction. Dan has been recognized worldwide for creating results with his resources, books, and strategies. Meet Dan at http://www.DanKuschell.com Get more access to Dan's wisdom here: http://www.youtube.com/ChampionVision Watch/Listen to the show: http://www.growthtofreedom.com Tweet us at: https://twitter.com/dan_kuschell Follow us on Facebook: https://facebook.com/dankuschellpage LinkedIn: http://www.linkedin.com/in/dankuschell Pinterest: https://www.pinterest.com/dankuschell Instagram: http://www.instagram.com/dankuschell
Dan Faggella once ran a physical martial arts gym, and when the roof collapsed from a big storm, he ended up quickly needing to build an online income stream. He used email and JV marketing to build a loyal audience of over 20,000 subscribers in just about 1 year. Here's the questions I asked Dan: 1. As the CEO & Founder of CLVboost and founder of Scienceofskill.com, how do you get it all done? 2. I know you once ran a physical martial arts gym and had an unfortunate event that put you in a bad financial situation. Do you mind sharing that story? 3. If you had to do it all over again and start from scratch what would you do from the very beginning? 4. I know you are a firm believer in networking, reaching out, getting guest post or making JV partners. What are some of your favorite tips? 5. where can others connect with you online?
I learned so much from this interview that afterwards, I went and revamped my entire email marketing autoreponder sequence. The information from this interview with Dan Faggella is that good and I guarantee you’ll learn something from it. Dan runs the popular site ScienceOfSkill.com, where he sells Brazilian Jiu Jitsu training videos online. He also runs 2 other online businesses at TechEmergence LLC and CLVboost where he helps other businesses improve their email marketing. Click Here To Win A Free 1-On-1 Business Consulting Session What You’ll Learn How Dan has created such a large mindshare among Brazilian Jiu Jitsu fanatics […] The post 024: How Dan Faggella Leveraged Email Marketing To Create A 6 Figure Jiu Jitsu Training Site appeared first on MyWifeQuitHerJob.com.