The best advice I ever got was from someone who is now one of my business partners. He’s a smart guy, has lots of experience and earns eight figures a year.
But before we were business partners he was my client and I was a one man personal training business – maybe you can relate. I trained him every Monday, Wednesday and Friday at 5:00 PM like clockwork.
One day, after a particularly grueling morning and afternoon I looked at him and said Jim, how do I become like you?”
His advice to me was “get a little bit of money from a lot of people.”
I nodded my head and went on with the session.
Later that night as I was driving home and it hit me like a lead pipe. Get a little bit of money from a lot of people!
The very next day I had a game plan.
1. I would hire trainers to work for me. Effectively they would be my service providers and I would be the face of the company. (Within 4 month my monthly income doubled and then doubled again.)
2. I would get a little bit of money from a lot of people by hand writing weekly workouts and selling them to clients who could not afford one-on-one training or simple didn’t want to train in a gym. (Increased income by a modest $1200/month.
And the glue that held the whole thing together was EFT (electronic fund transfer). Recurring payments, membership or continuity programs – it doesn’t really matter what you call it – It works! Sell once and make money over and over again.
Later on that workout on a word doc became Hitech Trainer and that one facility grew to multiple locations. Not bad for a guy who used to live on the Diet coke and tuna mixed in a blender.
That’s a story for another day 🙂
Today I’m 33, live in my dream house, drive my dream car, get to work from home and be close to my wife and kids.
My advice to you: “Get a little bit of money from a lot of people.”