Seeing Daymond John!

Hello there!

In the last blog I left you unsatisfied – I promised to tell you about an event and now I’m making you read this post to actually find out about it. But it will be worth it, believe me.

To recapitulate what we learnt the last time: there is this guy, called Daymond John & he is a HUGE DEAL (pun intended) in the Shark Tank, a show where he participates as a potential investor to ideas that are presented to him and other ruthless and incredibly sucessful businessmen & businesswomen (or for short “sharks”). Here is a fun video where he describes how he beats other sharks to make a deal:

 

Also: “President Barack Obama appointed Daymond a Presidential Ambassador for Global Entrepreneurship in 2015, a position focused on promoting the power and importance of entrepreneurship on a global scale” (https://daymondjohn.com/#bio).

So because he is a HUGE DEAL I leaped at the opportunity of seeing him and his success formula where he and his team teach others how to become as successful as him. The event was free and I understood what was going on, it is a sales presentation. Because when it seems it is too good to be true, it usually is. So obviously, it was an event organized by him, using his well known name (pure personal branding) that is a synonym for success but he wouldn’t actually be there. To be honest, I was not really disappointed and I was really curious on what would the event be like.

Let me skip all the organization part but just to say I had to take a train and it was in a to me completely unknown village of Mamaroneck (which, by the way looks pretty stunning).

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Mamaroneck’s little bay
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Daymon John’s Sucess Formula event

And onto the event! It was a great venue, beautiful location and gifts (everyone love gifts, am I right?).

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Ready to write

The room was full of people and the main presentation was given by Mike Vogel who is a serial entrepreneur and was presenting in the name of Daymond. I must say I’ve never been to a better sales presentation and had I had the money I would have gone for his workshop (5000 –> 2000 dollars).

Because I am a diligent note taker I now share actual valuable information that we recieved during two to three hour presentation. The notes are not in a specific order but I am shoosing those that I consider more relevant to myself and to you, my dear audience of future successful entrepreneurs.

About being an entrepreneur…

  1. Time is…PRECIOUS.
  2. more income –> more precious time
  • Your job is to acquire more CUSTOMERS

The true entrepreneur is a doer not a dreamer. Others are FEAR-BASED and do not act. You cannot have success without failing so RELAX and keep moving forward.

About taxes… 

It is important how you do your taxes – you might be able to lease a portion of your house to your corporation (which, again, is you) and pay less tax.

Protect your assets and think like a big corporation (Boeing), think global.

Never forget about NET PROFIT.

About passive income (my favorite topic)…

Be a seller on Amazon and learn through:

  • private labelling
  • droppshipping (learn more here)

about good buying experience of customers.

About advertising…

Use:

  • youtube marketing (80% of information will be consumed through videos)
  • SEO
  • blitz marketing

We also learnt about the importance of the team, 10 important steps in creating a business & 3 main keys to success. If you want to know more about those, leave me a comment below.

Until next time…

Ana!

 

Author: Ana

// Slovenian // EMLYON Business School - Msc in Global Entrepreneurship & Innovation exploring the world of social entrepreneurship & the need for personal development for entrepreneurs

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