Text or Call: 833-432-6565‍ (4-Dan-Lok)
(Add 1+ for outside of North America)

Facebook-f Instagram Linkedin-in Youtube Twitter
Free Add a Zero Session
Facebook-f Instagram Linkedin-in Youtube Twitter
Free Add a Zero Session

Dan Lok

Why EQ Eats IQ For Breakfast..

by

If you caught our last newsletter about achieving success in 2023…

You may remember one of the secrets was Good Communication and Interpersonal Skills.

Well, today, I thought I’d give you actionable tips to improve your Emotional Intelligence.

Because when your emotional intelligence improves, so do your communication and interpersonal skills.

This in turn makes you more successful financially.

Personally, I believe Emotional Intelligence (EQ) eats Intelligence (IQ) for breakfast, and in a moment, you’ll see why.

THE BAD NEWS: Emotional Intelligence is made up of 4 elements.

Self-awareness, Self-management, Social Awareness, and Relationship Management.

THE GOOD NEWS: When you work on one of these areas it helps you improve others.

My best advice would be to work on self-awareness first, as I believe this will bring you the biggest results in your life, and relationships, both business and personal.

But if your self-awareness is already at a decent level, then you’ll have other areas you can work on if you wish.

How To Improve Self-Awareness

Personality Tests

Companies often ask prospective employees to do a personality test before their interview.

This gives the company a good idea about how each individual works and whether they’d be suitable for the role.

So, if you’d like a deeper insight into your personality, you could try the DISC Test and the GEMS personality test.

You can find these online, via Google.

Seeking Feedback

Very often we’re in our own world, and we have little clue as to how we’re perceived by those around us.

Seeking feedback from friends, family, and work colleagues is a great way to gain others’ insights.

If they provide honest feedback, it may not always be what we want to hear, but it’s necessary for our growth.

Practice Mindfulness

Being aware of your emotions and thoughts is another way to improve self-awareness.

Ask yourself, where your thoughts are coming from.

Because behind each thought is likely a long-held belief.

When you’re aware of your beliefs, often they may limit your success, and this gives you the power to change any beliefs that don’t serve you.

Journal and Reflect On Past Events

Writing down your thoughts allows you to process them and understand them better.

You can also use this chance to reflect on how you acted in the past and what you would do differently the next time a similar event arises. 

This 2-minute video gives you 3 important and actionable tips for improving self-awareness that will make the above things far easier to implement >>

Tips for Improving Self-Management

With improved self-awareness, your ability to manage yourself and your emotions improve…

And personally, I believe what most people call time management, is really self-management because time can’t be managed. 

To see what I mean, click here to watch this video for 3 “time-management” tips >>

Better self-management will greatly improve many areas of your life.

3 Ways To Improve Social Awareness

Social awareness is all about understanding others and social and professional situations.

It’s important to keep an open mind in social situations.

With that said, here are a few ways you can improve social awareness.

Listen Actively

Focus on what the person is saying and do your best not to speak until they’re finished.

Ask insightful questions to dig deeper and add value to the conversation.

Pay Attention To Nonverbal Cues

55% of communication is done through body language, and vocal tone makes up 38%, which means the words you speak only account for 7% of communication.

So it pays to notice facial expressions, posture, and tone of voice, to gauge how the other person is feeling and what they really mean when they say certain things.

I think you’ll agree, it doesn’t matter what someone says, it’s more about how they say it and what their body language looks like.

Practice Empathy

Put yourself in the other person’s shoes. 

This allows you to better understand their thoughts, feelings, and their situation.

When you do this, it gives you immense power over the situation and allows you to come to a mutual agreement.

How To Improve Relationship Management

By now, I hope you can see how self-awareness is the building block for improving your Emotional Intelligence.

So, as success in life and business is built on relationships, to finish off, we’ll briefly discuss how to better manage relationships.

Effective Communication

Strong relationships are built on trust and effective communication.

In order to communicate effectively, you must clearly express yourself to avoid misunderstandings, and practice active listening as discussed previously.

To be trustworthy, you must be honest and upfront with people, as well as reliable and respectful.

If you can’t be honest with yourself, you can’t be honest with others, and this is where self-awareness plays a vital role.

Here are 12 ways to improve your communication skills instantly >>

Conflict Management

The best way to resolve and manage conflicts is to first understand why a conflict exists.

When you can understand the other person’s perspective, this makes the conflict easier to resolve.

People with low self-awareness lack empathy, which makes it difficult for them to understand another’s point of view, which in turn means conflicts are rarely resolved.

If you want know how to deal with conflict, here’s a quick 2-minute video >> 

Practice Forgiveness

If you find it difficult to forgive others or find yourself holding grudges often…

This automatically puts a wedge between you and the individual in question, which in turn makes the relationship difficult to manage.

For 2 quick tips on how to forgive others, click here >>


In conclusion…

The tips I’ve listed are not exhaustive, but they’ll give you enough of a leg up to improve your emotional intelligence, so you can see vast improvements in your business and personal life.

As I mentioned, business and life success is built on relationships, and it’s impossible to have good relationships without high emotional intelligence.

And self-awareness is the foundation on which emotional intelligence is built.

I hope you’ve enjoyed this week’s newsletter.

Be sure to stay tuned for our next one.

To your success,

Dan Lok

P.S. – If you want to be more productive, you may like to check out my short training, Millionaire Productivity Secrets.

Inside, you’ll find my best productivity hacks to achieve maximum results in minimum time.

If that sounds like it could help you achieve your goals for 2023, then click here to check it out >>

Discover 5 Proven Strategies to Find High-Ticket Clients and Grow Your Business

by

Finding high ticket clients is one of the biggest problems coaches, consultants, and high ticket experts share.

I remember when I first started my one-man copywriting agency.

I scoured The Yellow Pages (yes, it was a long time ago) looking for clients.

I’d cold call business, and tell them their ads sucked, and asked if they wanted me to write them a new one.

And guess what?

It was time for a terrible client-getting strategy…

Not to mention, time-consuming, frustrating, and demoralizing.

So in this week’s newsletter, I’m going to share with you 5 ways you can find high ticket clients.

Excited?

Good, let’s go!

FAIR WARNING: As you’re probably aware, 1 is the scariest number in business.

You never want to rely on ONE method only.

As a business owner, you must have multiple clients getting strategies working for you, for a continual flow of clients.

Networking

If you live in a well populated city, attending business events, or conferences and events in your niche.

You’ll meet a lot of like-minded people, you’ll get to learn from people further ahead than you, and you may even get to showcase your expertise.

But, there a few potential problems with this method:

You may face tough competition from other coaches and consultants in attendance.

Attending events often can become costly and time-consuming, when you could invest that time building your online presence (more on this later).

You don’t have complete control over the environment, you have limited access to every attendee, and it can be difficult building relationships over a short period of time.

Partnerships

This is a very effective way of expanding your client base.

You do this by collaborating with other businesses who serve the same people as you, but don’t solve the same problems.

This way you can both refer clients to each other and tap into each other’s networks.

Referrals 

This is another great way of finding clients that boosts your bottomline.

Most business owners rely solely on referrals, and while that can work for some.

For me, referrals are like the icing on the cake.

But they are so important, I created an entire playlist you can check out here >>

Getting referrals is as simple as asking, but like everything, there’s a right way and wrong way.

So if you want my best tips, you’re welcome to sift through the playlist and for my best referral strategies…

Or you can get them all in my training Referral Secrets if you want something well-structured and concise >>

Speaking at Events

These could be events you guest speak at, or events you run.

I love running live events, and if you have the speaking skills, events can be a very simple way to enroll new clients >>

Even if your speaking skills aren’t quite there yet, if you don’t speak at events or run your own, you’ll never improve.

As you know, when you speak at events, you’re seen as an authority, which is great for positioning and conversions.

Selling from the stage is outside the scope of this newsletter, but I plan to write a newsletter about that in the near future.

There is an art to running events, and in this video, I cover how I run my events plus one HUGE mistake most people make which kills their success >>

Digital Marketing

Digital marketing is a broad term that encompasses paid ads on multiple platforms, free resources such as Instagram, TikTok, YouTube, and Facebook, etc, and email marketing.

Naturally, Digital Marketing is one of my favorite ways to attract and enroll high ticket clients.

You see me everywhere online, but what may surprise you, is you can still achieve great results without a huge social media presence.

Two reasons I love digital marketing is because you can specifically target your ideal client, which you can’t do in the offline world…

And due to the sheer number of people online, you can scale your marketing and business rapidly if things are done right.

If you want to know how to get attention from social media and avoid costly mistakes, then watch this video >>

Final words

Of course, all these client getting methods rely on the fact that you have strong systems in place to help you scale and sustain your growth.

If you feel the systems in your business need improvement or are non-existent, then I recommend getting to work to create the systems you need.

Doing this yourself will likely take your countless hours of research and implementation…

So, if you’d like my help and guidance, then I invite you to attend the first S.M.A.R.T. Challenge™ of 2023.

Over 3 impactful days, you’ll get my best tips and strategies to SCALE, SYSTEMIZE, and SUSTAIN your business.

These are the exact strategies I’ve used to not just survive, but thrive during the tough periods of economic uncertainty we’ve had over the last 3 years.

And I dare say, you’ll kick yourself if you miss out, as we only run this event a few times each year.

So click here for the full scoop while it’s fresh on your mind >>

See you there,

Dan Lok

P.S. – Each S.M.A.R.T. Challenge™ is better, more valuable, and more impactful than the previous one, as we’re always improving.

So, if you want 2023 to be your best year yet, then click here to secure your seat to what will be a truly transformative 3 days together >>

Millionaire High Performance Secrets..

by

Have you ever looked at entrepreneurs who achieve so much and asked…

“How on earth do they find time to do all those things?”

If you answered ‘yes’, or you just want to know how to get to the next level so you can achieve more this year, then please keep reading.

Because this week’s newsletter is all about high performance, and how to unlock your full high performance potential.

So without further ado, let’s get started.

What Is A High Performance Individual?

Here’s what I believe defines a “high performance” person.

Someone who possesses skills, talent, and intelligence, and excels in their chosen field, no matter the area.

It could be business, science, sports, music, art, etc.

They have the ability to set and achieve goals so big the average person simply can’t fathom. 

They’re committed, willing, and dedicated to achieve success in their eyes, and their work ethic is second to none.

We’re about to get into the strategies of becoming ‘high performance’, but before we begin, let me share with you a 2 minute story of one of my early conversations with my mentor, the 50 billion dollar man Dan Peña >>


Before we go further, have a quick think about what high performance means to you?

How to Set Goals And Actually Achieve Them

If you’re like most people, you have new year’s resolutions every year you never stick with.

If you’re like a small percentage of people, you have new year goals instead of resolutions…

And this is a good first step, but most people never achieve their annual goals.

Perhaps you can relate.

If you’re like an even smaller percentage of people, you set goals, and you monitor them each day…

So you ensure by the end of the year, you can stand proud having achieved them.

I spent 15 years of my life studying personal development and goal setting, and I’ve managed to achieve a lot in that time.

But here, you’ll discover everything I’ve learned about goal setting and achievement in less than 20 minutes >>

How To Create A Winning Daily Routine

Apart from the fact they’re passionate about what they do…

Another thing all high performance people have in common is a winning daily routine.

This will be different for everyone.

You may like to exercise first thing…

You may like to meditate or do an attitude of gratitude first thing in the morning.

Then plan your day so you can get the most done in the shortest amount of time.

Personally, I like to get around 6 important things done every day that move me toward my goals.

If you want a deeper dive into why I choose 6 things, then click here to discover how to get more done in one day then most get done in a month >>

How To Write Affirmations That Work

Another thing big Dan does and that I believe is not only positive self-talk, but positive and empowering affirmations.

Your affirmations must be written in a specific way.

There’s certain words you should never use in your affirmations.

If you want to know how Dan writes his affirmations, then click here >>

Why High Performance People Have A Growth Mindset

If you caught my ‘secrets to success in 2023’ newsletter, you’ll know having a growth mindset is KEY.

Here’s a brief recap on that email as it pertains to being high performance.

People with a growth mindset have a strong work ethic, they continually improve upon their results, they’re resilient, and they have a positive attitude, amongst other things.

All these are essential to being high performance, and if you want further insight into this, then I recommend you look for one of these two subject lines in your inbox… 7 Secrets for success in 2023 or Want success in 2023? (tips inside), then read and implement some of the strategies.

Why High Performance People Fly Alone

As you may know, when I first started in business I worked 5 years straight without a single day off.

And if you want to be high performance, as Den Peña says “high performance people have an extraordinary work ethic.” 

But it’s not just the work ethic that makes them high performance.

It’s their ability to fly alone.

Here’s a YouTube shorts clip of Dan explaining what he means >>

When it comes down to it, ‘high performance’ is a way of life >>

You won’t find someone who is high performance in one area and lacking in another.

But it takes time to get all areas of your life to high levels, so don’t beat yourself up if you’re not seeing results as fast as you like.

Remember, it’s a journey, not a destination.

Where Your Journey To Greatness Starts

As you’re on my email list and reading these newsletters, I’m guessing your journey to greatness and high performance has already begun.

But if you’re new, or yet to begin, or perhaps aren’t as consistent as you’d like to be, I want to leave you with something extra special.

This newsletter has featured very heavily, my mentor, Dan Peña.

And as you may be aware, Big Dan isn’t for everyone.

So, I wanted to give you another expert’s perspective on high performance.

None other than world #1 high performance coach Brendon Burchard.

Brendon sat down with Impact Theory’s Tom Bilyeu, for an in depth interview across many topics.

So, if you have some time, I highly recommend watching this interview >>

It’s 48 minutes long, but in the video description you can choose the timestamp which speaks to you most.

A lot of golden nuggets, especially around energy, are shared near the beginning.

Furthermore, Brendon breaks down what it means to develop your passion and build into your goals.

I hope you’ve gained at least a few things you can apply to your life from this newsletter, so that in the months and years ahead, you can look back on your progress and wonder how you made it so far.

To your success,

Dan Lok

P.S. – I’ve created a short training just for you.

Inside I share my productivity secrets for how to get a lot more done – faster, better … and with less human effort.

It’s a must have for anyone striving to become high performance.

Click here to check out Get Sh*t Done, while it’s fresh on your mind >>

Want Free High Ticket Leads?

by

It’s never been more critical to build an organic audience…

After all, if you have killer content your audience enjoys and finds valuable…

You’ve essentially got a horde of free leads who know, like, and trust you, and have great potential to become future customers and clients.

But as you may know, building an organic following takes time, energy, and consistency.

So, in this week’s newsletter, you’ll discover the content creation secrets of some of the internet’s top influencers…

And I’ll also share my best tips for automating your content to save time.

Before we get started, I’m going to assume you know exactly who your client avatar is, because if not, you’ll find it very difficult to create high-value content for your niche.

If you’re unclear about your client avatar, then watch this video before you continue reading this newsletter >>

How To Produce Content On a Consistent Basis

No matter what you pursue in life or business, consistency is KEY.

I always say, “consistency beats intensity”, and it’s very true.

Let’s take working out as an example.

You’re far better off building a habit of working out for 30 minutes, 4 times per week, than doing one 2-hour session only when you feel motivated.

It’s the same with content.

You want to build a habit around creating content because you’re not always going to feel motivated or inspired.

So how do you ensure you’ll set aside enough time each week to create content?

You can find out what I do here >>

Another thing that I do, that Gary Vee also believes in, is integration.

I say, “Integrate content creation into your life”.

Gary says “Document, don’t create.”

It’s the same thing.

If you can find a way to make content creation part of your day, you’ll find it far less challenging to stay consistent.

My whole Boss in the Bentley series was shot on the way to meetings etc.

Why Self-awareness Is KEY When Creating Content

As you know, there are multiple platforms and formats you could create content for.

Personally, I have content in all areas, from video to audio, to pictures, and blogs/articles.

I’m at a stage where my team creates a lot of that for me, but I didn’t get there overnight.

For you, if you’re just starting out or not too far along on your journey, you’ll need to figure out what you enjoy most and where your strengths lie, and then pick a suitable platform.

Speaking of Gary Vee… here’s a snippet from an interview he did in Dubai where he talks about all things content creation…

From, self-awareness and staying consistent, to income streams, and why having a bad week or month isn’t the end of the world >>


I strongly suggest you watch this video, as it also reveals one of the most powerful content creation strategies most creators overlook.

Why You Must Stay In Your Lane When Creating Content

I have a lot of different types of videos on my YouTube channel, but they’re all connected in some way to business, life, and success…

But you’ll never catch me making a video about something I know nothing about, and that’s why authenticity is so important.

You’ve got to make content that’s authentic to you, your experiences, beliefs, and expertise.

Gary Vee mentioned this in the video I linked above, and other top content creators like Alex Hormozi will say the same thing.

If you speak on things you don’t know about, it will be obvious to your audience, and you’ll lose credibility.

Now, that doesn’t mean you can’t research a topic to relay it to your audience and add your spin to it, but you must do the work before you create content on a particular topic.

If you want to know Alex Hormozi’s best content creation tips, then click here for a private conversation he and his wife had with a fan and fellow content creator 

>>

How To Keep Your Content Ideas Fresh

This will sound obvious, but if you want to succeed at the game of content creation, you must always have new ideas and a fresh spin on things.

Don’t get me wrong, this can be very challenging, but one of the things I like to do is look at content in other niches and see how I can apply it to my niche.

There’s little point in watching content in your niche for new ideas.

You’ve got to think outside the box, or better yet, think like there is no box.

And watching studying other niches is a great way of doing this.

But, I have something special for you if you ever get stuck for ideas.

In this video, successful entrepreneur YouTube personality, Marie Forleo breaks down her 3 favorite ways of never running out of content… >>

And these tips can and should also be applied to other areas of your business.

So, don’t waste another second, and watch the video above, you’ll be glad you did.

How To Schedule Your Content

If you’re not at the stage where you have a team to schedule content for you, my best advice is to block out a small amount of time and automate your content.

You could do it once per week, twice per month, or even once a month, whatever works best with your content creation schedule.

I’ve tried a bunch of different softwares for different platforms, so feel free to Google search an automation software for the platform of your choice.

Some platforms, like YouTube have inbuilt scheduling options.

You may also like to research when is the best time day and time to post content in your region of the world.

To Recap…

If you want to build a loyal fanbase, some of which will take action on your offers, you must:

Know your audience… Have fresh ideas… Be authentic… Produce high quality content… and Be consistent.

If you can do all those, and plan to play the LONG game (I’m talking at least 2-5 years here) then you’re in a great position to build the following you desire.

To your success,

Dan Lok

P.S. – Whether you have a solid social media following yet or not, one thing vital to the success of your business is having an irresistible high ticket offer.

And if you want my expertise and guidance in creating your high ticket offer, then you won’t want to miss my 3-day business immersive High Ticket Mastery™.

At this event, I’ll pull back the curtains on how I sold over $100 million high ticket coaching and consulting services, and how you can replicate some of my success in your business by…

Creating an irresistible high ticket offer, tapping into a flow of high ticket leads, and closing those leads on your offer without feeling salesy or inauthentic.

So, if you’re committed to making this year your best year yet, then click here for the full scoop >>

7 Secrets For Success

by

If you want to achieve success this year instead of chasing it…

Reading this newsletter could be the most intelligent thing you do all year.

You may already know, there’s no ONE THING that will bring you success.

Instead, there are many ingredients that create the success formula.

Get enough of them right, and you’d be surprised with what you can achieve this year alone.

So without further ado, let’s begin with what I believe is one of the most important things you must possess to be successful.

1. Growth Mindset

There are two types of mindsets you could adopt.

One will help catapult your success, the other is a fixed mindset.

Carol Dweck explains both in her book entitled “Mindset”…

But if you’d like to know the difference between the two in just 2 minutes, then click here to watch this video >>

So, after watching the video above, what mindset do you think you have?

There’s no right or wrong here, but if you found you resonated with the fixed mindset more, what do you think you could do to adopt a growth mindset?

Speaking of mindset, here’s another very important ingredient.

2. Positive Attitude

It always pays to look on the brightside and have a positive outlook about your goals…

But here’s a big caveat.

There’s a fine line between positivity and delusion.

You don’t want to be so positive and ignore signs that things need changing or fixing if things aren’t working out.

I always say “Expect the best, but prepare for the worst.”


And I explain more in this video >>


No amount of positive thinking will bring you success if you’re not taking the right actions or course correcting where needed.

It’s normal to fall into negative thinking patterns from time to time, so if you’d like a hand from Tony Robbins to shift negative thoughts, check this video out >>

Now onto the one ingredient most get completely wrong.

3. Hard Work and Dedication

This is a given, but unlike some of the gurus out there, I don’t believe in hustling and working your face off.

I did that for 5 years and all I got was burnt out.

I believe in leverage and working smart.

Leverage could be working as a closer for an already successful business rather than putting in all the time and effort to build a business.

There’s a time and a place for that, but if your main goal is to be financially secure and enjoy your life, starting with a high income skill is my best advice.

I shot a YouTube shorts video for you where I discuss leverage and give you a few examples of how to use it >>

4. Planning and Execution

How many people do you know that had a “great business idea”.

Ideas are a dime a dozen.

What’s more important than a great idea is executing that idea successfully.

This is easier said than done, as during execution, you’ll encounter inevitable roadblocks, obstacles, and problems.

So if your plan is to replace your income with a high income skill, you must think about all the things you’ll need to make that happen.

From the type of skill, to the amount of money you need to replace your income, to the kind of business to partner with.

Watch this video here for how to execute a plan successfully >>

And that’s why you must be…

5. Flexible and Adaptable

Yes, you must have a solid plan, but you must also prepare to deviate from your plan if needed.

Recognize when something isn’t working, and seek out new insights and take action on them.

Things will almost always never go according to plan 100% of the time, and a growth mindset is KEY to being flexible and adaptable.

6. Taking Calculated Risks

When I was younger I did something very risky.

If you know my story, you’ll know I quit the only job I ever had to get started in business.

I had no business skills, and no idea what I was going to do, but I hated my job so much I felt like it was the only option.

Not only was this risky, it was also very stupid, and I don’t suggest you follow my lead.

But what I do suggest is taking calculated risks, and here’s what I mean.

Let’s pretend you start developing a high income skill while you’re still working your normal job.

And after a while you’re making money and you’ve even managed to match your current income.

Taking a calculated risk would be leaving your job with your new skillset and planning to increase your income further.

You’ve already got proof of concept, as you’re making money, and leaving your job is still risky, but it’s calculated and your likelihood of success is far higher than it would be if you just left your job with no plan.

Lastly, and this is a HUGE one.

7. Good Communication and Interpersonal Skills

Every successful person I know has excellent communication and interpersonal skills.

Great copywriters have excellent written communication skills.

Great over the phone and stage closers have excellent verbal communication skills.

Successful managers and CEOs have excellent interpersonal skills, and if you want to achieve the success you deserve, you must also work on these skills.

The good news is no matter where your skills are now, they can be improved upon.

As a function of developing closing or copywriting skills, you’ll work on communication skills by default.

But if you’d like an overview of what interpersonal skills are and how to improve them, then click here >>

In closing

This may seem like a lot of things, but you don’t have to work on them one by one.

As you’re on my email list there’s a good chance, you’ve already begun working on some of these things, and this newsletter has just made things clearer for you.

Don’t forget, dedication is difficult without passion, and success is impossible without dedication.

You must be passionate about your goals and the skills that will get you to your destination.

Pick one thing you’d like to work on first and then bring on another when you’re comfortable.

Wishing you a successful 2023,

Dan Lok 

P.S. – Think you have potential to become the next copywriting superstar?

Click here to get the ball rolling on developing your copywriting chops >>

If you love dealing with people and enjoy speaking on the phone, then click here to begin your journey of becoming the best closer you can be >>

Why Great Biz Ideas Fail

by

Over the last few weeks, we’ve talked a lot about mindset, secrets to success, and high income skills etc…

But if you’re interested in starting a business, reading this newsletter could be the most intelligent decision you make this year.

Because, I believe not everyone has what it takes to make it in business…

So, I’m going to help you make that decision today.

And if by the end of this newsletter you decide business isn’t for you, that’s OK.

You can still become financially successful as I’ve mentioned in previous newsletters.

So let’s begin.

How To Know When You’re Ready To Start A Business  

As you may know, I failed at 13 businesses before my first success.

When I think back on why I failed so many times, it was because I clearly wasn’t ready, but more importantly…

I didn’t have these 5 things in place before starting:

  1. A clear profit path
  2. Proper and focused business model
  3. An edge over my competition
  4. Enough capital
  5. Being okay with not making money for a certain period of time

If you’d like a deeper dive into why these are important, then click here >>

A lot of people get into business without knowing what they’re getting themselves into.

Just because they see people on Instagram with abundant lives and successful businesses, they think they can do it too.

But that’s not the case.

I shot a follow-up video to the one above with another 5 things you must consider before you start a business, and I advise you watch it if you’re serious about entrepreneurship.

In this video, you’ll also discover the most important skill in business >> 

How Much Money Do You Need To Start A Business 

A lot of new entrepreneurs believe they need millions of dollars to start a business.

In some cases, that may be true, but oftentimes they haven’t done their due diligence or enough research to figure out exactly how much they need.

In fact, usually they need far less than $1 million to get things started.

In this video, you’ll discover how much you need to start a business and also how to know with certainty whether your idea is good or bad >>

How to Start a Business With No Money

I always say, if you don’t have any money, you shouldn’t start a business.

Now are there entrepreneurs out there who start with no money?

Sure, but you don’t hear much of them once they fail, and the ones that do succeed have specific business skills which make their business work.

“But Dan, what about a business loan?”

If you want to know whether you should take out a loan to start a business, then watch this video >>

Why Start A Business When You Can Buy One?

If you caught one of my past newsletters you may have seen the 3 ways my close friend Brian Scudamore (CEO of 1800-GOTJUNK?) said you could get started in business.

2 of those are starting from scratch or buying into an already successful business or franchise model.

So with a failure rate of 95%, doesn’t it make more sense to buy an already successful business and skip the launch phase etc?

It really depends on your goals.

If your goal is to own a successful business in a niche that interests you, then you could absolutely do that if you find the right investment.

But if you want to build something that isn’t already out there, then you have no choice but to build from the ground up.

For further insight into this concept, click here >>

How To Buy A Business With No Money Down

Although I don’t advise you to start a business with no money, buying a business with no money is different.

Why?

Because there’s an old saying in the business world…

“You don’t need money, you need a better strategy.”

If you can strategize a way to buy a business with none of your own money, then you’re already streets ahead of most business owners.

And I’m not just talking about getting a loan, because as you’ve seen, I think that’s a bad idea.

So if you want to know how to buy a business using other peoples’ money, then click here >> 

Why Great Ideas Fail

How many great ideas have you had in your life?

They don’t have to be business ideas, just great ideas in general.

Now, did those great ideas work out how you wanted them or did they hit roadblocks along the way?

My guess is if you didn’t execute it properly, it wouldn’t have worked out.

The same applies to business.

Almost every entrepreneur thinks they have a “great” idea, and they may have.

But if they don’t execute their idea, then their business is destined to fail.

Here’s a quick example I gave at a live business event >>

I hope this newsletter has helped you decide whether business is the right path for you.

Feel free to watch any of the videos in this business building playlist to gain clarity where needed.

Don’t forget, skills are the key to a successful business…

And if you have the right skills, you can be wildly successful even without starting a business.

If you’d like to upgrade your business skills, click here to check out my products at the Dan Lok shop >>

I’m certain you’ll find something there that will help you get to the next level.

Until next time,

Dan Lok

P.S. – It’s important you stick with your high income skill and make at least $10K per month for one year before you start a business.

Because if your skills aren’t good enough to make you $10K per month, there’s no way you’ll make business work.

I tried skipping steps and it caused me to fail at 13 businesses and get $150K of debt. That was until I developed my first high income skill.

So, if you’re committed, I believe you can do it.

I hope you enjoy reading this blog post.

Schedule an add a zero session™ with our team to see how you can use our time-tested strategies and systems to scale your business now.

book a call