Dan Lok

Email Subject Lines That Get Opened: 20 Of The Best Examples

June 2, 2020 by Dan Lok

Being an email copywriter who specializes in email marketing, means being able to write email subject lines that get opened. You see, the subject line is the first thing people read whenever they get an email. In fact, research shows that 35% of email recipients open emails based on the subject line alone.

If you’ve spent hours crafting the perfect sales email, but your subject line doesn’t grab their attention, you’ve just wasted hours of your time. In order to get your clients results from email marketing campaigns, it’s crucial to understand the kind of subject lines that get opened.

Based on our own email list and past campaigns that have been most successful, here are some of the best examples of subject lines that get opened.

1. Humor

“I accidentally fell into the toilet”

“Eagle steals man’s hat”

Email subject lines that contain humor are one of the top types of subject lines that get opened.

People love humor. Most of the news and headlines you see today are about negative mishaps and filled with doom and gloom. When you send an email with a humorous subject line, it immediately stands out from every other negative email that they’re constantly spammed by on a daily basis. And when you stand out from everyone else, you have people’s attention.

You could tell a joke, or describe a funny event that recently happened. As long as there’s lighthearted humor in the subject line, your readers will be curious to find out more.

2. Numbers and Statistics

“Top 20 Subject Lines That Get Opened”

“15 Foods To Help You Lose Weight”

Using lists and numbers is another extremely popular type of subject lines that get opened.

Naturally, humans do not like to leave things undone. Our preferred behavior is to finish one task, and then move on to do the next. Having to leave a task in the middle of it makes us feel very uncomfortable. That’s why if you’ve ever been interrupted while in the middle of something, you get irritated or frustrated, because you now have to stop and put your focus on the person talking to you.

Numbers signify that there is something the reader can look forward to. You are making the reader a promise ahead of time as to what they can expect, such as 10 different ways to do something.

Once your reader decides to read the first item on the list, they are already committing themselves to finish the entire thing. As they go through the list one by one, the thought that there are still 5 or 3 more items they haven’t read about, will constantly be in the back of their mind. Until they finish the list, they will not feel comfortable leaving the page.

On our YouTube channel, statistics show that our YouTube videos with numbers in them – such as 10 Closing Tactics That Make Prospects Say Yes or 15 Ways to Write Sales Copy That Sells perform much better than videos that do not have numbers.

So, if you want to increase your email open rates, use numbers in your subject lines.

3. Shock

“Trump declares war on Iran”

“A global recession has finally arrived”

Humans are naturally curious creatures. We like to explore the unknown, and when presented with an opportunity to do so, it is very tempting for us to listen to our natural instincts.

When you use shock or surprise in a subject line, you are tapping into that curiosity that all humans have. That’s why news headlines use shocking headlines such as BREAKING NEWS to get your attention and make you want to know what’s going on.

A subject line that makes the reader go WHAT?! is an example of one that uses shock. Make your reader open their eyes in disbelief, and your readers will find it irresistible to open the email.

4. The Real Secret To [Blank]

Human beings are naturally curious and we want to know secrets.

We often feel that there is something we ought to know in order to avoid making mistakes that we make.

Now “secret” is a word that might be a bit overused in marketing. But this subject line actually plays on that – it shows the real secret, no just any secret.

Here are a few examples:

“The Real Secret to Fat Burning”

“The Real Secret to a Perfect Wedding”

Curiosity combined with the need to be “in the know” will get this email opened. Make sure that what you write in this type of emails is also realistic so that you earn and keep the trust of your readers.

5. The Fastest Way to [Blank]

Now, if you could choose – would you pick a slow or a fast way to do something or get somewhere? Do you want something fast or slow?

We live in a world of instant gratification. We are conditioned to be impatient, and we do not want to wait for anything.

So if you offer a method for getting a desired outcome or goal faster – you will grab your reader’s attention.

“The Fastest Way to Start Your Business”

“The Fastest Way to Make 10K a Month”

Do you see it? – Instant results.

What makes this subject line effective is that it makes a very specific promise. But you have to make sure that you remain realistic. You always have to focus on making a credible and believable promise.

If you say something outrageous such as “The Fastest Way to Make Million Dollars Overnight” – you will lose trust because that is not a realistic promise. People will not take you seriously after that.

Underpromise and your email will overdeliver in this case. If you make them a promise that readers read and think “I can do better than that” then you challenged them with your email and they will continue reading your emails.

6. Here’s a Shortcut for [Blank]

So just as we would choose fast if we had to pick between fast and slow, between easy and hard we would want easy. Right? Everyone wants to find easier ways to get things done and achieve things.

So this subject line implies that you have yet another solution for your reader. Can you see how simple and yet powerful this subject line really is?

“Here’s a Shortcut for…

…Achieving the Most in the Least Time”

…The Best Marketing Strategy”

When you use this type of a subject line, and if your offer can get your prospect an instant gratification, then you will increase your sales. This could be a software offer or a course offer – anything they can click right away and get immediately.

7. One-Word Subject Lines

If you’re struggling with coming up with subject lines that get opened, and you can’t think of a good one, use a one-word subject line.

At first glance, you may think this would never work. But in practice, it works very well because it’s a pattern interrupt. The fact that it’s just one word, makes it stand out. Most email subject lines are lengthy, have some cheesy joke or something that arouses their curiosity.

But a one-word subject line has none of that. In fact, it has NOTHING, except that one word. Because it’s so simple, that’s why it works. Your reader will look at it, become confused, and be curious to open it.

The best way to write a one-word subject line is with a greeting. Greet the reader with a subject line such as Hey, to let them know the email is intended for them. Some other good one-worded subject lines are questions, which we will get into later.

Simplicity is the ultimate sophistication. - Steve Jobs Share on X

8. FREE Anything

“FREE stuff inside”

“Do you want a FREE sofa?”

People love free stuff. When you put the word free into the subject line, your reader is immediately going to feel there is something in it for them.

Remember: Everyone on this planet is tuned into the radio station WIIFM – What’s In It For Me? If you cater to their desire to have something to gain, you will get their attention.

The word free implies there is something for them to gain at no cost. There are no strings attached. No hidden fees. Nothing that would make them suspect you want something from them. When someone has everything to gain and nothing to lose, they are going to be interested in your offer.

Using a subject line with the word free is best used when you want to offer a free sample or gift. One of the biggest problems copywriters make, is that they use the word ‘free’ to bait the reader into clicking, only for them to realize they have to make a purchase. If you use ‘free’ as clickbait, your readers will lose trust in you in the future. You may get results in the moment, but using ‘free’ as clickbait will only hurt long term customer relationships.

With any method you use, be sure you understand the consequences and intended actions that method will result in. Don’t sacrifice short term gains if it means long term losses. You will lose more in the long run.

9. How To Survive [Blank]

One of the subject lines that would get attention is the one that indicates some kind of solution to a problem that your reader might have. So the idea is that your question implies useful information that might help them resolve an issue or relieve some kind of pain.

As human beings, we often avoid discomfort. We often need to make adjustments.

If your email indicates some kind of solution to discomfort and pain the chances are – it will be open.

For example:

“How to Survive…

…a Financial Crisis”

…a Bankruptcy”

…a Heart Attack”

These are all subject lines that make people curious and indicate some sort of solution. People want to learn and these types of emails can give the reader a satisfaction of learning or doing something new.

10. Limited Time Offers

“Flash Sale Ends at Midnight”

“Limited-Time Winter Blowout Sale”

Humans naturally like to procrastinate. When there is no deadline, there is no urgency. And if there is no urgency, there is no reason to take action immediately. Instead, we will delay something for as long as possible.

If you want to get results from your emails as a copywriter, put a time-sensitive offer into the copy to get your readers to take action immediately. A sale that lasts for only 2 days will get a lot more attention than a sale that lasts for a month. To your readers, they’ll read it and think “I still have time, there’s no reason for me to buy just yet.”

The problem is that over the next 30 days, your readers are going to forget all about the sale. They’ll go on with their daily lives, and hear of other sales that are going on as well. When they encounter one that only lasts for a few days, they’ll forget all about yours, because they’ve already spent all of their money.

11. Celebrities

“Warren Buffett’s best investing secrets”

“Elon Musk’s new space rocket”

People love to know about the latest news about celebrities. Ask yourself, do you know anyone who always keeps themselves up to date about the hottest celebrity gossip?

Humans are naturally drawn to others who are successful or have a following. It is a sign that they are important, and as people, we want to associate ourselves with important figures.

Celebrities draw a lot of attention because of their status. If you want to generate a lot of attention, use a well-known person’s name in the subject line to get the reader’s attention.

12. How I [Blank]

Chances are when your subscribers sign up for your emails, they value your opinions, experiences, stories…

So, if you start your emails with this – you will give them the impression that you’re about to share something important and personal with them.

“How I Grew My…

…Youtube Channel”

…Found My Soulmate Online”

…Permanently Removed Headache”

The key with this type of email is to be as personal as possible. Be vulnerable. Open up about difficult times and make a connection with your reader. Show them that you understand where they’re at.

These emails use the power of story to connect with the reader. If you create a story that provokes an emotional reaction, you will be able to bond with your reader and engage them directly.

For more ideas, watch the video below.

13. Best or Worst

“The Best Foods To Eat In 2020”

“The Worst Sales Tactics You Are Using”

No one pays attention to mediocrity. As humans, we pay the most attention to things at extreme spectrums – such as the best or worst of things.

That’s why news outlets and media always focus on first place winners. You see magazines and articles talking about who won Gold at the Olympics, but never anything about who came second place. We are not wired to pay attention to the losers – we aspire to become the winners and as a result pay attention to them the most.

Use words that imply extremes such as best, worst, greatest, amazing, and terrible to get your reader’s attention.

14. About Your [Blank]

This type of subject line is one of our favorites. It generates a lot of curiosity.

When your readers read a subject like that they wonder – do you know something I don’t know?

“About Your…

…Diet”

…Business”

…Spouse…”

You see how this would make someone want to read on?

15. Hot News

“The Outcome of Trump’s Impeachment”

“Presidential 2020 Candidates”

Any kind of events that have recently taken place are another good example of subject lines that get opened.

People are naturally curious about what’s happening around the world. They may not be impacted by it directly, but they still want to keep themselves in the loop.

Just like people like to keep themselves up to date with the latest celebrity gossip, people want to know what’s going on in the world. Take advantage of the latest news and events to make your readers click.

16. Valuable Advice

“Top Superfoods You Should Eat”

“Why You Shouldn’t Bathe Naked”

What kind of person gives advice? Someone who is an expert on that topic, who has in-depth knowledge on what to do.

As humans, we listen to those with authority. We perceive them as someone who knows more than we do, and give them our attention even though it may not be true. Subject lines that give the reader advice influence them to think of the email content as important.

Giving advice is also another way of catering to the reader’s desire of what’s in it for them. You are giving them free, valuable advice they can implement in their lives. And everyone loves free stuff.

17. Get Niche

“Best Sales Techniques For Life Coaches”

“Top 10 Asian Entrepreneurs Of 2025”

When you state a niche, you are catering to a very specific audience. And if your audience falls into that niche, you make your reader feel special, as if the email was written for them. Making your reader feel special implies there is exclusivity – something that only a handful of people will have access to. We value things that are exclusive, and by making your reader feel exclusive, they will feel valued.

For example, if you are a coach in the fitness niche, which subject line would you respond more strongly to?

“Biggest Mistakes Fitness Coaches Make”

“Biggest Mistakes Coaches Make”

The more specific you are with your audience, the more likely you will get their attention. Know your audience, and you know exactly what will succeed.

18. Familiarity

“Long time no see”

“It’s been a while”

Have you ever received an email from someone you didn’t know? What was your first reaction?

An email inbox is a very personal thing, something that people don’t like anyone getting into. That’s why we hate spam mail and advertisements, because they are a nuisance and people we wouldn’t give our email address to in the first place.

If you want to get the attention of your reader, make the subject line feel personal. Use their name in the subject line, or write the subject in a way that implies you know each other. Familiarity will make people lower their guard, which means clicking on your email instead of hitting delete.

19. Emojis

“Hello :)”

“$$ The Best Way To Make A 6-Figure Income From Home $$”

Another example of email subject lines that get opened are ones that contain emojis.

Emojis are so effective, because they help to clarify the message that is being said. For example, compare these two subject lines:

“Only For You :)”

“Only For You”

In this example, the subject line without an emoji gives the reader no context. By putting a simple emoji such as a heart or smiley face, you are conveying a certain emotion to the reader. When your readers know the emotion behind a message, they are much more likely to resonate with it.

Most emails don’t use emojis in the subject line. By inserting some emojis from time to time, you’ll immediately stand out from everyone else.

20. The Biggest Mistake [Blank] Make

The idea behind this subject line is to focus on the negative to help people avoid unwanted outcomes. So what is the trick? Well, people do not like making mistakes and facing consequences.

What makes this subject line so powerful is that it doesn’t talk about just any mistake. This subject line is about the biggest mistake. This is the type of mistake that everyone tries to avoid at any cost.

“The Biggest Mistake…

…Husbands Make”

….Car Buyers Make”

…Writers Make”

How The Right Email Subject Lines Can Make You a 6-Figure Income

Now, if you wish to write perfect emails with the right subject lines – you could have access to all these subject lines plus two hundred thirteen subject line templates.

You could simply fill in the blanks and immediately use in your email and all your marketing.

You can find all these templates on Instant Scripts. This is the ultimate shortcut software that automates the process of writing great copy for you. Click here, and check it out now.

Dos and Don’ts When Approaching A Possible Joint Venture Partner

May 30, 2020 by Dan Lok

Did you know that you could take your business to the next level if you find a joint venture partner? A joint venture is a mutually-beneficial partnership agreement between two or more individuals. In a joint venture, two or more parties will start a business together, collaborate on a project, or do business together. This type of partnership typically involves shared ownership and shared profits, as the joint venture partners will pool their resources, share the expenses, and share the risks.

If approached the right way, a joint venture can be a very smart business decision. In fact, businesses who are in competition with each other often join forces and start a joint venture. Entrepreneurs don’t always need to have the mentality that they should crush their competition. Why? Because many of you could actually profit from your competition by forming an alliance and collaborating on a joint venture.

You can profit from your competition if you pool your resources and start a successful joint venture. Share on X

Competitors often join up with each other if they lack certain resources or skills that their competitor has. For example, imagine that one business has a strong distribution capacity, which a similar business lacks. The other similar business, however, has a much stronger social media following and more connections to influencers. If they work together, they could both profit more than they would working alone.

A joint venture doesn’t have to be with a competitor, however. In general, joint ventures are wise to consider, as you can acquire valuable shared resources without the risk of excessive capital being required. In this article, we’ll go over a few examples of joint venture partnerships before we discuss the “dos” and “don’ts” to remember when approaching a possible joint venture partner.

Examples of Joint Venture Partnerships

Were you aware of the fact that the popular streaming application “HULU” was the result of a joint venture? NBC Universal Television Group (Comcast) and Disney ABC Television Group (The Walt Disney Company) joined forces to create “HULU”. It turned out to be a major success.

Doritos chips collaborated in a joint venture with Universal Pictures and Amblin Entertainment when the film Jurassic World: Fallen Kingdom was released. In a brilliant marketing collaboration, Doritos created the world’s largest Dorito (“dinosaur-sized”) and fans could bid in an auction to win it, or enter to win online. For equal media exposure for both partners, fans had to tweet #JurassicDoritos to be eligible to enter for a chance to win. The winning bid’s proceeds went to the American Red Cross to help those affected by volcanic disasters in Hawaii, where many scenes of Jurassic World were filmed. In this joint venture, specially marked bags of Doritos chips had the Jurassic World: Fallen Kingdom packaging which came with special codes to win prizes.

Those are just a couple of examples of big joint ventures that were very successful.

As far as small businesses go, there are many types of joint ventures. Two struggling small businesses could pool their resources in a joint venture and both make a nice profit from the venture. It’s crucial, however, to understand the “dos” and “don’ts” first.

The “Don’ts” When Approaching a Joint Venture Partner

If you’re thinking of approaching a possible joint venture partner with an idea, what should you avoid doing? There are certain things you should never do. Below is a list of “don’ts” to remember when you’re approaching a joint venture partner.

Don’t Approach Someone Prior To Establishing Your Relationship With Them

Never approach a possible joint venture partner prior to establishing a relationship with them. It’s not wise to suggest that someone do something for you (or with you) if you haven’t yet built a relationship with that person. Even if a joint venture could potentially make them a lot of money, you should still form a relationship with them before you approach them with your idea.

If this person doesn’t know you, why should they trust you, or do a deal with you? Why should they even read your email?

This is why you should never approach a joint venture partner with your idea on your first meeting, or upon first contact with them. You haven’t done anything yet to earn their trust or respect. You don’t yet deserve their attention or consideration.

For example, imagine that a public speaker who is a successful businessman gets approached by a random member of the audience after their presentation. Keep in mind, the speaker doesn’t know this audience member at all. The stranger asks them, “Would you be interested in a joint venture?”

The stranger may as well have said, “I know you don’t know me at all, but how about you just trust me and do a deal with me?”

That sounds ridiculous, right? Well it is ridiculous, as well as inappropriate.

An appropriate question the stranger could have instead asked, is “Could I possibly take you out for lunch?” The better approach is to start with lunch, and maybe even have a few lunches with them before bringing up your idea of a joint venture. Build the relationship first, and earn their trust. Be patient, and propose the joint venture when the time is right.

Don’t Overshare Details of How the Partnership Benefits You

When you’re discussing a possible joint venture with someone, don’t overshare details regarding how the partnership will benefit you.

It’s better to focus the conversation on the mutual benefits of the joint venture.

If you speak too much about the personal benefits for you, it’s possible your potential joint venture partner will feel used, or be turned off from doing the deal.

Don’t Approach Them With a Distrusting Attitude

Never approach a possible joint venture partner with a negative or distrusting attitude. This type of attitude is an instant repellent, as nobody wants to do business or collaborate with someone negative. And, people are more likely to trust someone that gives them their trust. So if you don’t seem to be very trusting, they probably won’t trust you, either.

Don’t Expect an Immediate Answer

Let’s say you’ve met with your potential joint venture partner a few times, and during your last meeting, you finally approached them with your partnership idea. It’s important that you don’t expect an immediate answer.

If you follow up with them a mere 24 hours later, asking them if they’ve made a decision, this will only turn them off and make them not want to partner with you.

It’s best to give them space, and allow them some time to think it over. It’s inappropriate to rush them, as it’s in bad form to expect or demand an immediate answer.

After approaching a possible joint venture partner with a proposal, you should not follow up for at least one week. Even if you don’t hear from them after a couple of days, don’t get tempted to reach out. If you don’t hear from them for one week, at that point it’s reasonable to reach out to them.

This requires patience, but that patience is the respectful and professional way to go about this.

The “Dos” When Approaching a Joint Venture Partner

Now that you know what not to do when approaching a possible partner, what are some things you should do? When you’re considering a joint venture, there are some things you should remember to do, to ensure your venture is successful. Below is a list of “dos” to keep in mind when you’re approaching a possible joint venture partner.

Do Your Research

It’s crucial to do your research before approaching someone about a joint venture, for many reasons. For one thing, your research will help you figure out where their business is falling short, and how a partnership with you could benefit them. Since a joint venture should be mutually beneficial, you’ll have to figure out which assets you bring to the table that they don’t currently have.

Research also helps ensure you’re prepared for your meeting with them. The goal is to impress them, and earn their trust. Being familiar with them and their company helps you accomplish this goal.

Get Their Attention Before You Approach Them

Have a possible joint venture partner in mind? Target acquired? A clever approach is to get their attention before you approach them. You can do this in many different ways. For example, you could become their client, first, or attend a few of their workshops. If you’ve been buying tickets to attend their seminars or workshops, they’ll respect this. This strategy is also a great way to build the relationship, which as you recall, you must do before you approach them with a joint venture proposal.

You can also get their attention by showing them that you’re a fan, by buying their product, taking a photo with it, and posting a positive review online. Imagine the person you want to partner with has an upcoming book signing for their new book. You can buy their book, get a photo with their product, post the photo on social media, and tag them. Now, you’ll have their attention, and you won’t be a complete stranger in their eyes.

Approach Someone With Complementary Resources

A strategic approach includes approaching someone with complementary resources to yours. The parties involved in a joint venture ideally should have complementary resources.

Resources can range from services, skills, and products to business assets, social media followers and customer lists. All of these resources can be leveraged to reduce costs.

As long as you trust each other and you have an appropriate contract drawn up, you’ll feel comfortable sharing these resources with each other. Do you have access to certain valuable resources that your potential partner doesn’t have, and vice versa? If so, pooling your resources cuts costs and increases the likelihood that your venture will be successful.

Complementary resources are resources that enhance each other, and are stronger together than they are apart.

Choose Someone You Connect Well With

It’s important to choose a potential joint venture partner carefully. Choose someone you vibe well with, who has similar core values. It’s best if your joint venture partner is someone you get along with, so it’s important that the two of you have compatible personalities.

You’ll want to choose someone you vibe well with and connect with. When you go out for lunch, do you smile, laugh, and get along well? Do you listen to each other? Some people aren’t compatible with each other, and that’s another reason it’s so important to build a relationship with them prior to pitching them. You need to see if you work well together.

Build Rapport and Earn Their Trust

The most ideal scenario is that your possible joint venture partner trusts you before you approach them with your proposal. Their business and their reputation matters to them, so they can’t risk their business or reputation on someone they don’t know and don’t trust.

Earning their trust is especially important if sharing valuable resources is required for the joint venture. For example, if sharing customer lists is required, trust is pertinent, since a customer list is the most valuable asset a business has.

Interact With Them on Social Media

While you’re building a relationship with your potential joint venture partner, you should try to regularly engage with them on social media. The key is to interact with them on social media often enough to maintain your relationship, but not so frequently that you look like a stalker.

This means that perhaps every couple of days, you’ll like and comment on one of their social media posts. You’ll regularly comment something supportive and positive, while you build your relationship with them. This will help your possible joint venture partner feel more familiar with you, and more comfortable with you.

Leverage Your Most Valuable Assets

Earlier, we mentioned how a customer list is the most valuable asset a business has, but there are many other valuable assets you can leverage to entice a possible joint venture partner.

If you’ve done your research, you’ll know which assets they don’t have, and which resources are lacking. If you have assets or resources that they can benefit from, make sure to leverage those assets to make your proposal more enticing.

Personalize Your Pitch

When it’s time to propose a joint venture, you should always personalize your pitch. Perhaps you’re pitching your joint venture proposal via email, after a few lunches and dinners and after establishing a relationship with them. Or, perhaps you’re pitching in person, once you feel you’ve earned their trust and have a good rapport going.

If you customize your pitch to suit the person you're pitching, you'll have a better chance of closing them. Share on X

Whether you’re pitching via email or in person, always personalize your approach. In emails, keep it personal. Do not use a template. Template emails that are clearly copy-and-pasted with a name switched out, will not work, as it will be obvious it’s a template email. It’s better to write a personalized email, as it demonstrates effort, thought, and care. In person, your pitch will be better if you incorporate personal details about them and their business into your pitch.

If you customize your pitch to the person you’re pitching to, you have a better chance of closing the deal.

Ask For References or Testimonials

Remember that you’re not the only one trying to impress your possible joint venture partner. They should be able to impress you, as well, and make you feel comfortable about the idea of working together. In other words, they need to earn your trust as well. It goes both ways.

So, don’t neglect to ask them for references or testimonials before you sign any sort of agreement with them.

Set Expectations

When a joint venture is being discussed, before contracts are signed, you should set expectations with each other. This includes the investment required (the expense) and the potential upside (the return), as well as the potential downside (the risk).

It’s possible that compromises will need to be made, before both parties feel comfortable signing a deal. It’s best to get this part of the process over with before the venture begins, to avoid running into misunderstandings or problems later on.

Who Should You Do a Joint Venture With?

At this point, you’ve learned what you should and shouldn’t do when approaching a possible joint venture partner. You’ve probably also gained some insight as to what type of person you should partner with.

To summarize, you should partner with someone who has complementary resources and has assets they bring to the table that you’re lacking. You should also make sure to partner with someone you’re compatible with, and get along well with. Always partner with someone you trust, and remember to do your research on this person and check their references.

You now know what type of partner is ideal, but what if you lack the connections to meet a potential joint venture partner? What if you want to find someone to collaborate with, but you don’t know how to meet them?

Need Help Finding The Right Joint Venture Partner?

Do you need help meeting a potential joint venture partner? And do you need trusted and strategic advisers to help you figure out the best way to approach a joint venture partnership? Perhaps you’re ready to take your business to the next level, and you know a joint venture will help you succeed, but you lack the connections to find the right partner.

Dan Lok has now formed the world’s most exclusive advisory board for ambitious and distinguished entrepreneurs who are committed to reaching next-level success.

Dragon 100™ is an exclusive group of 100 A-players who are serious about their success. If you’re accepted as a member of Dragon 100™, you will get a rare opportunity to network with other elite entrepreneurs and learn from Dan Lok himself. This is a great way to network with other A-players who could potentially be your next joint venture partner.

If you’re ready to take your business to the next level and join an elite group of A-players, click here to apply to be a Dragon 100™ member.

Want To Scale Your Business For International Expansion?

May 23, 2020 by Dan Lok

Are you looking to join those at the top of the business pyramid? Is it time to finally ascend your company to the next level? Are you ready for international expansion? The biggest players in business are those that cater to the global market. If you want to play at their level, you need to scale your business for international expansion.

If you are scaling your business, you have to be aware of what else you need to consider. The person you are now is the person who managed to bring the company to where it is today. But if you want to expand your business to the next level and beyond, you can’t stick to being the same person you are now. You need to think like an international business owner. It’s time to evolve. You need to upgrade your knowledge, your skills and your mindset.

Scaling your business brings on many unknowns. Knowing what things you still have to learn in order to get where you want to go, is critical to achieving success. These are factors such as different target audiences, needs, desires, and the jargon that they use.

On top of understanding your target audience’s desires, you also need a strong team to help you scale. This means knowing how to find people that are just as passionate and driven as you are. The more ‘A players’ you have in your company, the faster you can scale your business. Finding team members that you can trust and delegate tasks to on your behalf will give you a competitive advantage over everyone else.

If you’re looking to expand into different markets, there’s a lot to consider. Here are our best tips on how to scale your business for international expansion:

The International Market is Composed of Many Diverse Regions

One of the biggest mistakes CEO’s make is generalizing the international market. This means thinking that your audience’s needs and interests in one country will be the same as another. Before you decide to scale your business for international expansion, you must first focus on the local market.

The international market is segregated based on region. These regions consist of geographic areas such as Canada, the US, India, China, Japan, Russia, and Europe. Each of these regions has their own set of cultural differences that make them unique. As a result, they also have their own customs, needs and dislikes that differ from other regions.

To efficiently scale your company for international expansion, you need to look at each of these regions as their own separate marketplace. This means doing in-depth research to understand everything there is to know about a certain region. Once you get a better understanding of the marketplace that resides in that region, you can begin to scale your company for that specific region.

This means tailoring your product towards that specific region’s needs. Just because your product performed well in one region, does not mean the same for another. This is because the needs of the European marketplace for example, differ heavily from the needs of the Chinese market. There are differences in these two countries based on a variety of factors – such as language, culture, geographic location and ethnicity.

If you want to take your company to the next level, you need to understand and be aware of these differences. Knowing these differences allows you to tailor your product to that specific region for maximum results.

You Don’t Have Just One Target Audience, You Have Multiple Audiences

In order to customize your product to a particular region’s taste and interests, you need to familiarize yourself with their culture. Know their customs, traditions, and the ‘lingo’ that they use. This is where doing your research beforehand becomes critical.

For example, let’s say your company sells Mac and Cheese, and is based in the US. The ad that you’re running has a Caucasian family sitting together at the dining table. Everyone is laughing, talking about their day, and enjoying their dinner of Mac and Cheese.

Based on statistics, this ad has performed well and the demand for your Mac and Cheese is growing year after year. Now let’s say you want to expand your company and begin targeting the marketplace in China. Do you think you will see much success if you run the same type of ads in this new region? Most likely the answer is no.

This is because your US based ads target a different niche audience. In China, the majority of people that live there are of Asian ethnicity, not Caucasian. Immediately, your ad will be a turn off to the Chinese marketplace, because they cannot relate to it.

As well, most Chinese people prefer to eat rice for dinner, instead of pasta like macaroni. As a result, there is less demand for your product and you will be competing with well established rice companies for market share.

Lastly, the primary language of China is Mandarin. If your ad is running in English, only a small percentage of people will be able to understand what is going on.

This example illustrates how a different region has many factors to account for. If you don’t focus on localizing your product to that region, you will not gather much interest due to cultural differences.

Focus on Localizing Before You Go International

The same holds true for all international regions. Each country has its own differences and particular niche audience. If you want to succeed internationally, you need to account for all these factors.

The way you market your product will determine its success. Details such as the packaging, the words you use, the images, the colors and what you stand for, all impact how consumers will view your product and brand. Especially when it comes to entering a new marketplace.

This means if you’re looking to scale your company for international expansion, you need to localize your offering. You need to customize your product to that region, and account for all the little factors that will affect how well it succeeds. Being aware of these differences when entering a new region will allow you to scale your company quicker and overcome resistance.

Besides having different needs, different regions also have different business practices. These are things such as different business laws, paperwork requirements, and processes you have to go through. As a result, you may have to make numerous changes to how you market your product or brand before it’s considered acceptable.

Achieving legal business compliance in a region like Germany comes with many strict requirements and paperwork to be handled. This process may take weeks or even months before you’re given the green light. If you’re looking to expand your company for international expansion, make sure you have additional resources prepared for when unexpected situations arise.

You don’t want to hype your audience up for a big product launch, only to realize it’ll be delayed by two weeks. Do your research beforehand and be aware of how all these minor things can impact your business.

Behind Every Great Company is an Even Greater Team

Creating a business that is local and successful is a challenge. Finding the right team members to help you scale that business to the international market is exponentially more difficult. If you’re looking to scale your business for international expansion, you’ll need a strong team to support your vision.

The difference between a good company and a great company is the team standing behind it. In order to scale your company internationally, you need reliable team members who can ensure things run smoothly. As you’ll be entering new and uncharted territory, success will depend on whether or not your team members possess certain traits.

These are traits such as ownership, accountability, being a team player and being results driven. Unlike 9-5 employees who are only interested in a paycheck, you want to look for people who can become a valuable asset to your company. Who have an entrepreneurial drive to achieve great things and set new standards.

You want people who are always striving to improve and become a better version of themselves every single day. Because those traits will translate over to the kind of work they will do to help grow the company. Setup your business structure so that your employees are rewarded for their efforts. Make them aware that the more results they can produce for the company, the more they’ll be financially rewarded.

If you’re looking to scale your company for international expansion, you’ll want the best ‘A players’ you can find. The more of these types of people you have in your company, the more you’ll grow.

How To Scale Your Company For International Expansion

There are many ways you can scale your company for international expansion. However you choose to do it, you need to be sure your team is on the same page.

This is why finding good team members is important. If you’re looking to take on the world, you need people who you can trust to delegate tasks to. As the CEO, the last thing you want to do is waste your time completing trivial tasks. Your role is to be the visionary that will lead the company to success. That means you need to be aware of your time and how you spend it.

When you have a team of people you can trust, you can spend your time doing the important things in your company. These are things such as deciding on a new product launch, building connections with other affluent business people, or planning out next month’s marketing strategy. Any other task that can be delegated should be left to your team members to handle.

For example, when Google wanted to expand their international presence, they sent small teams from their headquarters to new regions. These teams were then responsible for growing a local team in that region. And as time went on, these smaller teams grew larger and larger as the company’s presence in that region grew as well.

By delegating tasks to your team, you can efficiently scale your company for international expansion. This means looking at the resources you have, and planning out the best way to utilize them. The better your team members are, the more resources you’ll have available.

A resourceful person will always make opportunity fit his or her needs.” – Napoleon Hill

Utilize Influencer Marketing To Reach A Greater Audience

The more people you know, the more likely you are to become successful. This is why many companies look to influencer marketing when breaking into a new region.

Influencer’s offer many benefits to companies and brands. Firstly, the influencer already has a large audience of followers. This is valuable to a company because it means they don’t have to spend time building up an audience base. By contacting the influencer directly and getting them to promote their product, they can reach a larger group of people.

Secondly, influencer’s have celebrity status. Because many people look up to and may even aspire to become just like them, they hang onto their every word. As a result, the influencer has a lot of power when it comes to influencing an audience to take action. In fact, research shows that 49% of consumers base their purchases based on influencer recommendations.

This is why big companies like Nike and Adidas utilize celebrities like Michael Jordan and Tiger Woods to endorse their products. They understand the influence these people have over the general masses. And they know that by tapping into the connections these celebrities have, they can channel that influence toward their own product.

Lastly, the influencer has familiarity with both the region and the people there. This allows them to overcome cultural differences, language barriers, and increase the chances your product will stand out.

Leveraging an influencer’s existing audience base is a good way to promote your brand to a new market. Utilizing an influencer and getting them to endorse your brand or product is another great method to scaling your company for international expansion.

Leverage Business Connections and Your Personal Network

If you’re looking to scale your business, you’ve most likely been in business for quite some time. During that time, you should have met a few trustworthy business contacts. If you’re looking to break into a new international region, get in touch with your old business contacts.

Look at your network of people you know. Make a list of the people who have connections or do business in regions that you want to break into. Then, set up a meeting with them and let them know your plans. In many cases, your business contacts operate in a certain geographic location. As a result, they will know more about that region than you do.

Leverage their experience and knowledge to help you enter the market for that region. Even if they don’t know much about a certain country or city, chances are they know someone who does. This allows you to quickly familiarize yourself with the business practices and cultural differences of a region. They can act as your local business tour guide, providing you with valuable information about what opportunities to pursue and which ones to avoid. In exchange, you can give them some form of compensation for all their help.

This is similar to using influencer marketing to enter a foreign market. But instead of leveraging their audience base and followers, you are leveraging their knowledge and experience. This is also a great way to open up the door for other business opportunities down the road. One successful business deal often leads to another, and if you both have something to gain, it’s a win-win situation.

Don’t be afraid to call up old business contacts. As long as there’s something in it for them, they’re more than glad to provide you with their expertise.

Learn How to Expand Your Company into an International Empire

Scaling your company for international expansion is not that simple. Whenever you are entering a new marketplace, you need to be aware of your target audience’s needs. This means accounting for things such as the culture, language, traditions, customs, processes, ethnicity and restrictions.

Without a good understanding of the differences between each region, you will not be able to attract and influence your audience. A marketing ad aimed at targeting the Western demographic in North America, will not have the same effect if presented in the East. This is due to things such as cultural sensitivity and a different style of doing things. What may seem intriguing and even clever in one region, may be insensitive or even controversial in another.

Having a good understanding of your target audience is crucial for international expansion. Regardless if your business is online or in person, you’ll want to do your research beforehand to increase your odds of success. One method to do this, is to find someone who knows that region well and leverage their experience and knowledge. They can offer you a perspective that others might miss, because they live there or have done business in the region for many years.

If you’re an online coach struggling to scale your business, the High Ticket Influencer™️ program may be for you. Inside, you’ll get an in-depth look at the systems and strategies you can use to scale your business to 6-7+ figures fast. You’ll receive a marketplace-proven roadmap on how to go from $0 to $1M/month in less than 8 months by doing what no one else does. If you want to learn more, click here now.

How To Expand Your Business Into New Markets

May 19, 2020 by Dan Lok Leave a Comment

Do you want to know how to expand your business into new markets? The current global economic crisis has been forcing many business owners to think creatively.

If you’re losing money because your current market is on lockdown, then you probably want to find ways to expand your business.

For many small, local businesses, it’s especially important to get into online markets and shift to online operations. If your business has been relying on physical stores, you need to learn how to go from brick and mortar to click-and-order. In other words, you need to educate yourself on the best practices for running an online business.

As a business owner, you are constantly challenged to expand, branch out, and test new ideas. But now more than ever, you need ideas that work and get you cash flow fast.

Expanding your business into new markets is probably one of the best ways to stay afloat in times of crisis. So, below are our best tips for how to expand your business:

How To Expand Your Business Step-by-Step

If the economy was good, you could simply go out and test your ideas. But that’s not possible right now.

Now is the time to be a bit more careful with your business decisions and plan before you act. For those who know how to seize it, there is an opportunity in a crisis.

Before you act, map out your plan strategically and diligently.

Step 1: What Are Your Possibilities?

First, you want to look at your possibilities. Do you want to break into a new market with a product or service you already have? Or do you have a new product and want to get it known in other markets?

Do you want to stay in the same market sector, but address a new customer sector, for example going from business to customer (B2C) to business to business (B2B)?

Expanding your business into new markets can also mean changing the way you deliver your product or service, for example, an online download instead of an in-person cashier.

Step 2: Market Research

Do market research. This is important, so you don’t want to skip this step.

Even if you can make educated guesses about your market, still take the time to look into this. Research what your market cares about. What problems do they have? How can you help solve those problems?

When you ask how to expand your business into new markets, you are actually asking how can you expand into new markets successfully.

You could easily go out there, start an online campaign to market to a new audience, and see if somebody buys. But that’s a very risky approach. Why? Because you have no idea if your strategy will resonate with your new market.

That’s why research is so important. Imagine if your research uncovers that your desired new market responds well to do it yourself services. But you wanted to offer a done for you service.

If you do research in advance you can adjust accordingly. If you don’t do any research, you’ll still come to the same conclusion but lose money and time on the way.

Step 3: Make a Decision

Now you know your options and you know your market. So, it’s time to make a decision. Do you want to enter this market or would you rather look into a different one?

It can happen that you made assumptions about a good market to expand into but after your research, you realize it’s not what you envisioned.

If you decide that it’s not your desired market, go back to step one. If you decide to proceed, go to step 4.

Step 4: Strategize to Expand Your Business Into Another Market

Now it’s time to plan out your strategy. How will you introduce your product? How will people find you? How do you position yourself?

Do you have to adjust to a certain culture? Do you have to change or tweak your messaging?

The clearer your plan is the better. Don’t leave anything to chance, but also be flexible enough to pivot if needed.

Enter a New Market with Existing Products

Now that you are clear on your step-by-step plan, let’s take a deeper look at your possibilities when it comes to how to expand your business.

The first possibility you have is taking a product or service you already have, and marketing it in a new way. This could be as simple as changing from a local business to an online business model.

Let’s assume you are selling shoes. You were selling shoes at your local brick and mortar store. But because of the lockdown, you want to open an online shop.

The product (the shoes) doesn’t change. You are still selling the same shoes. All you change is the way you market the product, and the way you deliver it.

Still, there are some pointers to keep in mind. If we stick with our shoe sales example, you’ll realize that buying shoes online isn’t the same as buying them in a local store. Your clients can’t try them on. People might order your shoes, but send them back because they don’t fit.

This is only one example, but you can generally expect new challenges with any new market you break into. If it were easy to expand into a new market then you’d already have done it.

Tweak Your Product

In some cases, you can still use a product or service you already have, but you need to tweak it.

Picture yourself selling marketing coaching sessions for entrepreneurs. Usually, you offer face-to-face meetings for your coaching, in person.

Now, if you want to get into the online market, you’ll likely shift to video coaching sessions. But, you could also record your training sessions and make it a complete online video training.

Pre-recording coaching sessions is great, because it requires no extra time from you once the product is in place. It’s a perfect way to scale your business without burning yourself out with too much work. Essentially, you can sell your recordings an infinite number of times.

Making some changes to an existing product or service is also easier than creating a completely new one. So, this strategy is one of the fastest ways when it comes to how to expand your business.

Expand With a Completely New Product

Some markets might be lucrative to break into, but they are completely different from what you’ve done so far. In such a case, you might have to create a completely new product.

A perfect example of this is when you go from B2B to B2C or vice-versa. Both markets have different needs, different pain points and different ways to do business.

What could that look like? For example, maybe you run a beverage company. In the B2C sector, you sell drinks to consumers. In the B2B sector, it could be about selling drink vending machines to corporations or becoming a vendor for supermarkets.

Do you see how selling drinks to individuals or selling vending machines to a business are very different business models? It’s a completely new product with different messaging and a different price point.

But even if you stay in B2B or B2C, you can still break into a new market with a new product. If you sell shoes, maybe you want to go to handbags.

If you sell coaching sessions, maybe you want to write a book and address a whole new market that way.

Expand Your Social Media Network

Do you know why Dan Lok is active on every major social media platform and market in every possible way? Because every sales channel attracts slightly different people.

Most businesses stick to one or two social media platforms. Maybe they use Facebook and Instagram often, but never post on YouTube. However, if you limit your social media channels too much, there will be certain market sectors you’ll never address.

And that’s exactly why expanding your social media efforts is a great way how to expand your business.

Expand Your Delivery Options

Your forms of delivery and delivery options might have to change, too. Uber Eats or similar delivery services are a perfect example. Until recently, part of the market was completely opposed to ordering food. They would cook at home or go to a restaurant.

Now with the lockdowns, more people are giving food delivery a try, and finding that it’s not so bad after all. Many restaurants switched to delivery so they would survive the crisis.

So, expanding your delivery options opens up lots of new possibilities.

A New Consumer Market

Wondering how to expand your business into new markets? Another way to look at it is your consumer market.

Maybe you are marketing to a certain age group, gender, or location? Expand your market by going wider.

Your product or service is solving a certain problem for a certain group of people. So, you can find a similar audience with similar problems and expand that way.

Another possibility is to go deeper into your existing market. Have a look at your existing clients. Do they have a need for a new product from you?

Let’s assume you are selling a three month business coaching program. Maybe your clients are doing great after your coaching, and now they want to tackle bigger problems with your help. You could offer them a six month or a year-long program.

If you sell shoes, your clients might be interested in getting shoelaces, socks, or other accessories from you, too. Maybe people are doing more walking, now, and more people want to buy walking shoes. You might have to adjust your inventory accordingly.

Don’t think in the category of products, think in terms of needs and problems your clients might have, and you’ll see potential to expand.

Relationships and The Human Element

Now, how to expand your business into new markets is also a question of location. For example, if your market is in America, you could expand to Europe or Asia.

This might not be as easy because you have to pay a lot of attention to cultural differences. What works great in one part of the world might be frowned upon in another corner of the planet.

However, you also don’t want to go into analysis paralysis. If you’ve done your research, sometimes the best thing you can do is just start. Try, and see if your model works. You can always make adjustments later.

The customer is a marketing genius. If something doesn’t work, they’ll let you know by not buying. That’s why marketing heavily relies on testing. You won’t know what really works until you tried it.

The customer is always the marketing genius. If it doesn't work, they don't buy. Share on X

If you want to expand your market across cultures, it’s especially important to form relationships. Talk to your customers. What problems are they facing? What do they wish they had? In other words, what demand is already there and can be solved by you?

The human element is important in any market. People buy people. Building a relationship with your audience will always give you a competitive advantage.

Acquire Another Business

Business acquisition is a very advanced way of how to expand your business. To make this work, you need knowledge and capital. But if you make it work, it’s one of the fastest ways to expand into a new market.

Acquiring a business or merging with one can virtually double your business size overnight. It holds immense possibilities.

But, you have to do intense research, negotiate, and really think it through. It’s not a decision you make lightheartedly. If you run a small business, other options might be better for you.

How To Analyse A Market

After evaluating your options you might wonder: how do I actually research my target market? There are many ways to conduct market research, so here are some pointers.

Customers

Have a look at your customers. Find out their needs, pain points, and struggles. How does your offer help them?

Most businesses would focus on the client’s demographics like age, gender, and location. It’s important but do you know what else to look at? Almost more important than demographics are your client’s psychographics.

What’s that? Psychographics are wishes, needs, and preferences your customers might have. What are they interested in? Whom do they already buy from? What keeps them awake at night?

Looking at psychographics allows you to really understand your customers.

Competitors

Looking at your competitors is such a great way to better understand your market. Why? Because success leaves clues.

What is already working for your competitors? What can you emulate? There is no shame in doing something similar if there’s already a demand for it.

However, you also want to look at the reviews your competitors receive. What’s missing? What do people wish for or what do they criticize? Maybe there is something you can do better than your competition. That’s your competitive advantage.

Usually, it’s easier to get into a market where there is already some competition. Breaking into a completely new market is harder.

Market Size And Possible Barriers

You also want to look at your target market from a high-level view. This includes questions like:

How big is the market? How specialized?
Is it a growing market or is it contracting?
How competitive is it?

The answers to these questions will have great effects on your strategy. If a market is very competitive then you probably have to be more specialized. If the market is very big, you might want to find a niche.

It’s also a good idea to look at possible barriers to entry beforehand. What could stop you or slow you down? Typical barriers to entry are high costs. Some barriers are natural, others are imposed by the government.

For example, the government might collect a special tax for beverages that contain alcohol. It’s impossible to know this beforehand. It’s a barrier imposed by the government.

Natural barriers can look completely different. Maybe your business requires a huge warehouse. You can’t build it anywhere you want as there are natural obstacles like rivers or forests.

Environmental Factors

Finally, it’s important to note that no market exists in a vacuum. The market’s environment has a great influence.

Environmental factors include government regulations, technical developments, and cultural factors. Analyze them early on so you can expand your business successfully.

Find out which environmental factors could be dangerous for your business and which you can leverage for your success.

Even a change in a different market sector could affect your target market. Keeping an eye on these aspects as not only important at the beginning but pretty much all the time.

Even if you’ve been in a market for 30 years, you want to keep adapting to technological changes for example. If you can’t keep up your business runs at the risk of becoming irrelevant.

Ready For Next-Level Business Advice?

How to expand your business into new markets is a question of knowledge and skill. What if you could learn a lot more about business and marketing from Dan Lok himself?

And what if we told you that right now, you can get his 14 best training packages and save 57%? If your business is struggling right now because of the crisis, learning from someone who has done it all before is invaluable.

Dan Lok has been in business for over 20 years, and this isn’t the first recession he’s seeing. The Ultimate Training Collection includes everything he used to build a global empire. Discover The Ultimate Training Collection here.

10 Most Profitable Long-Term Business Contracts

May 18, 2020 by Dan Lok

If you’re an entrepreneur involved in a partnership, corporation, sole proprietorship or LLC, then chances are you’ll encounter multiple business contracts on your journey towards financial success. It could be a contract to bring in short term contractors, or a business deal which allows your company to grow. Regardless of the need, it is essential for you to understand the different types of business contracts in your industry. However, before we unveil the most profitable contracts to sign, it’s important to understand the basis behind a business contract.

If you’re new to the world of business contracts, you’re probably wondering what a legitimate business contract would look like. A business contract can be defined as a legal agreement between you and another party in the form of written or verbal communication. They are commonly seen in situations where services are required in trade of monetary compensation or an offered good.

Business contracts are agreements where individuals are assigned a duty and paid based on the contract’s terms. For example, a business contract might state that a marketing agency will provide services to a company. The payment structure is negotiated and added to the contract. Whether it’s a retainer agreement or another form of payment, it’ll always be detailed in the contract.

A business owner might sign a short-term contract, which typically last for less than six months. Or, they’ll sign a long-term contract which typically last for six months and longer.

Short-term contracts are best designed for companies who are limited by budget and do not require ongoing services after the specific project is completed.

Long-term contracts, on the other hand, are best for companies who have long-term goals requiring ongoing services to ensure their success is maintained. If a company knows they require an ongoing service, a long-term contract will be created. Long-term contracts have been proven for years to be more beneficial as they provide stability and minimal room for errors.

This article will only focus on long-term contracts, but feel free to explore short-term contracts if they appeal to your business needs.

Long-Term Business Contracts: The Dos and Don’ts

The entire premise of a business contract lies in the partner or company you desire to work with. Think about it: what happens if you get trapped in a six month contract with bad terms or a bad partner? Before jumping into a contract, it’s important to start the conversation by getting to know the person you’re working with. So to help you choose the right long-term contract, we’ve created some dos and don’ts to help ensure your company is in safe keeping.

The don’ts of contract signing

Don’t ignore red flags when negotiating a contract with someone.

One of the biggest red flags in a client is their attempt to cut prices or negotiate a discounted rate during your first interaction. This is a strong indication that your client is not capable of producing results or is not willing to go the extra mile for your company. Think about it: If a company tries to negotiate a lower price, doesn’t that mean their product or service isn’t as valuable as they claim it is?

The second biggest red flag is the client’s skepticism before entering into an agreement or a contract. Your client should have full faith in your company and should not be hesitant to sign a contract. Think about what might happen if your relationship starts off on a bad note. Odds are you’re in for a roller coaster of a journey.

The dos of contract signing

There are many factors to help you determine if a client is ideal for business.

The first tip is to find a client who’s is already successful in their respected industry. It’s always wise to sign with someone with proven results and the track record to get the job done. Your company is in search of results and strategy, so don’t hesitate to ask if they’re credible at what they do.

Another tip is to have a client who respects and trusts who you are. Signing a long-term business contract is similar to engaging in a long-term relationship. Think about it like dating someone, would you ever ask a girl or guy out if the initial meeting phase was rocky? Probably not, and the same analogy applies to signing a contract with a client.

It’s always wiser to sign a contract with someone who has proven results and a great track record. Share on X

Now, let’s review the most profitable business contracts for your company. Below are the top 10 most profitable long-term business contracts:

1. Business Contracts for Websites

Have you ever signed up for a website and were forced to comply with a company’s ‘terms and conditions’ agreement? Do you wonder why companies have one? Terms and conditions for websites are designed to protect the company or website owner against any allegations from their visitors. It is a set of regulations where users are required to comply in order to use a service or product. You might find Terms of Service often replaced by Terms of Use, Terms of Conditions, or disclaimers on various websites. But keep in mind the context of each is identical.

As a long-term strategy for your company, having a Terms of Service agreement on your website will prevent you from getting into legal liabilities and obligations. The agreement will present limitations such as copyright protection warnings and jurisdiction information to your clients or viewers. This means that your company will stay protected while demonstrating to your customers their rights of using your products.

So you might be thinking, who on earth reads the ‘Terms and Conditions’ of a contract? We get it, not a lot of people do. But if you ever encounter a situation where someone breaks your terms and agreements, you’ll be able to save a lump sum of money if someone steals your product. This is why it can be one of the more profitable long-term business contracts.

2. Business Contracts for Privacy

A common way of protecting your company’s information is by having contractors, employees or vendors sign a non-disclosure agreement to ensure information remains confidential. A non-disclosure agreement (also known as an NDA) can be defined as a legally binding contract that establishes a relationship regarding a confidential topic. Upon signing an NDA, the parties must agree that sensitive or personal information obtained will not be made available public or used as a means of progression.

The amount of information listed on an NDA is strictly up to the discretion of the business owner. You can include sensitive information about your company, confidentiality agreements based on new products or concepts, or lines stating which information is allowed to be spoken of. There are other cases where you can include plans and unreleased news on your NDA. Morally, just ensure that whatever you desire to protect is signed by every affiliate who seeks resignation or current employment.

We’ve classified a non-disclosure agreement as one of the most profitable business contracts as they’ll always be beneficial in the long run for your company. Protecting information such as new releases is important for your company, and factors such as leaked information might soil your entire plan if competitors gain access.

3. Business Contracts for Partners

Most companies today rely on business partners to help fund the business and keep it growing. If you plan on partnering with someone in the future then this section is perfect for you. Whenever getting into a partnership arrangement, it’s important for both parties to sign a partnership agreement contract. A partnership agreement is a business contract that lays out the terms and conditions as it pertains to the agreement between two or more partners.

This agreement can contain attributes such as ownership percentages, length of partnership and means of termination. It must be signed when you start a partnership and must be thoroughly in review by both parties before business is eminent. As the business owner, it is your duty to ensure all gaps in the contract are secure to a full extent. Start by asking yourself “what if” to see your options if the partnership goes south. Remember, the point of the agreement is to ensure any disagreements are in safe keeping. Most partnership contracts last for multiple years, which is why we’ve included it in the most profitable business contracts in today’s market.

4. Business Contracts for Employers

Company’s today are hiring candidates for all aspects of their company. Businesses need all sorts of employees in accounting, management, marketing, IT, etc. To put your company’s protection at best interest. Every employee should receive an employment contract to verify the employment relationship between you and the employee. This contract is an employment agreement.

An “employment agreement” is a document between an employer and employee stating the legal obligations and requirements the employee must follow. This can include policies, responsibilities or special obligations undertaken during the hiring phase.

Your employment agreement can also have multiple terms such as their salary, entitlement for dismissal, and benefits attached to the job. If an employee commits a fraudulent or mischievous activity that is not on their agreement, you can relate back to the contract and show the action deemed as not tolerated on company property. This will protect your company for years to come and will help your employees understand their rights and responsibilities.

5. Business Contracts for Office Space

Similar to having a car or renting an apartment, commercial compounds use a form of business contract identified as a lease. A commercial lease can be defined as a legally binding contract made between a landlord and a business tenant. The lease agreement provides the rights for a tenant to use the property for a business or commercial activity for a set period of time. In exchange, the landlord receives money in monthly or bi-weekly installments for the use of space.

Most companies use leases as a long-term strategy for saving money compared to buying or building out a large commercial building for their operations. It’s cheaper in the long run and is most beneficial to small-businesses who are newly starting up. When looking for a lease it’s important to ensure the contract is well suited for your company. Things to look out for are landlord permits, obligations, expenses, and tax increases. Chances are you’ll be in this property for a while, so ensure you’ve found the right space that is an adequate work space and affordable.

If you ever need a second look on the lease, feel free to seek professional help from a lawyer or financial expert who has a thorough background in the real estate industry. They will be able to spot any loopholes or gaps in the contract that might become present in the future. Just note there are fees for using their service.

6. Business Contracts with Banks

Most people today use banks to pay off their cars, mortgages or miscellaneous expenses. If you’re into real estate or are a full-time investor, you might be familiar with regularly asking the bank for money for rental properties. The most common contract to lend out money through a bank is a loan agreement. A loan agreement is a binding contracts between multiple party to finalize factors such as collateral’s, guarantees, interests rates and duration of payment.

A loan agreement has various characteristics that are essential for your business to understand. The agreement will have the total cost of loan, the payment schedule, the right to default, and the flexibility on use of the loan proceeds. Similar to the idea behind an office space, it’s important for your company to have a logical plan set in place to pay off the loan as installments arise.

Companies use loan agreements to increase their capital and expand their inventory. Conventionally people believe loans can only come from a bank, but loans can be found from a variety of sources. There are credit unions, public funds and private investors who are willing to loan you money if your idea or business model suits their liking’s. Just note taking a loan can be dangerous if not planned out correctly. Always sit down with a professional financial advisor or accountant to ensure your company has a plan to uphold the end of your deal.

We conventionally believe loans can only come from a bank, but in reality we can find money from many other sources. Share on X

7. Business Contracts for Purchases

Have you ever wondered how grocery stores and warehouses are able to purchase large sums of items at a time? Company’s use a business contract called a purchase order to connect the manufacturer with the buyer who purchases in bulk. It’s an agreement which sets the quantity of items with a negotiable price for a certain date. It also specifies the payment terms so both parties understand when they’ll receive or give payments.

For example, let’s say company X sells 1000 chairs to company Y for $100.00 with a delivery schedule of 10 days. Between them is a purchase agreement, stating 1000 chairs to be in 10 days for the purchase price of $100.00. The purpose of this contract is to ensure both parties remain ethical and receive payments or deliveries on time. Think about it like a receipt for an item you buy at a store. Let’s say you never got a receipt, would you be able to return an item back to the store? Or in terms of a large shipment, how will the buyer know if the seller is a scam? It’ll keep you safe in the long run knowing you have a written report if dilemmas arise.

8. Business Contracts for Contractors

Have you ever had an independent contractor perform work in your home? Maybe it was a kitchen renovation, a bathroom tear down, or a garage door replacement. To ensure you and your contractor are safe from legal liabilities, it’s important for both parties to sign an independent contractor agreement. An Independent Contractor Agreement can be commonly refereed to as a service agreement or consulting agreement. It’s a document that states the business relationship between a contractor and a client. More specifically, the financial aspect and service details in full clarification.

With respect to a small or large scale business, you’ll typically encounter independent electricians or construction workers who perform repairs or maintenance on your office space. Ensure the agreement states the offered service, contract end date, expenses, unfinished work and ownership rights upon completion. These are to negotiable when both parties sign a contract.

9. Business Contracts for Equipment

If you’re a company or individual who rents or requires heavy equipment for operation, then this section is for you. Whenever you lend out a piece of equipment, what should you do? It’s important for both parties to sign a business contract called a property and equipment lease. This is a contract that lists the terms and conditions for lending a piece of equipment, which includes information such as monthly payments, terms, deposits and ongoing maintenance requests. Doing this helps ensure the lent out equipment comes back in the same condition as it was originally sent.

If the lender brings back equipment in a poor condition, you can rest assured knowing the other party signed a contract stating their rights of usage for the respected tool. And if the lender fails to make monthly payments, you can bring up the contract in court or to the lender. It’s beneficial in the long-run in case any mishaps or future incidents arise.

10. Business Contracts for Dismissed Employees

During the lifetime of employment, employees tend to become familiar with your company’s motives. More specifically, the ins and outs of their respected industry. So what happens if the employee resigns? What happens if they starts their own venture with the information gained from your company? That’s where a non compete agreement comes into play.

Let’s say you hired a head engineer to design a world-class software for your company. A few months after your product strikes millions, your head engineer decides to hand in their letter of resignation. You can have the engineer sign an non-compete agreement to confirm all information from your company is not public to anyone within a time span of X years.

A non-compete agreement is a contract between an employee and an employer. It states the employee agrees to not enter into competition with their former company during or after employment. Legal contracts prevent employees from entering into markets or professions which are in direct competition with the employer. Simply put, it prevents someone else from taking your ideas and creating something new.

A non-compete agreement lasts for roughly a year, but is not subject to a lifetime holding. Information such as effective start date, reason for enacting, compensation, and location are visible on the agreement. For example, there could be an automotive company who doesn’t want their employees sharing valuable information with other manufacturers. Your company will stay protected long-term, which is why we’ve included it in our most profitable long-term business contracts.

Growing Your Empire

A lot of information on business contracts was presented in this article. Read it over, take notes, and apply your knowledge to ensure your business stays protected at all costs.

However, what if there was a way to grow your company and bring in new revenue you never imagined was possible? And what if this method is so powerful that you’ll never have to chase clients for revenue again? The secret is the High-Ticket Influencer program.

We’ve developed a new 12-week intensive program completely designed to help you grow your empire from the ground up. It doesn’t matter if you have almost zero revenue coming in. Nor if you’re hauling in millions of dollars per year. This program has everything needed to take you to the next level.

The program will coach you on the ins and outs of branding, operations, sales, financing, support and so much more. How about we share with you a sneak peak of the first three weeks of class?

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How To Find Your Target Audience Personas In 3 Steps

May 18, 2020 by Dan Lok Leave a Comment

After spending dozens of millions in ad spend and expensive SEO consultants I always end up coming back to the basics…

The simplest (not-always-easy) way to increase your engagement and conversions is:

Deep knowledge of your target audience.

The biggest problem when it comes to knowing how to find your target audience, is the fact that the marketplace is always changing. The needs of your target audience today may not be the same needs a year later, which is why you always need to keep yourself updated. Knowing how to find your target audience is one thing – keeping them is another.

If you’re struggling to get clarity on your target audience, you’re in luck. Today we’re going in depth on how to find your target audience personas in just 3 steps.

Step #1: Analyze Your Website And Social Media Traffic
Tips on Analysis
Step #2: Audit Your Business Strategy And Compare It To The Marketplace
Tips on Audit
Step #3: Create A Target Audience Persona
Reminder on creating persona
Conclusion

Do you need to build a reliable way of getting more High Ticket Clients?

Download my High Ticket Client Cheat Sheet. It’s my time-tested formula based on my billion business. It covers High Ticket offers creation, mindsets you should shift to boost your business, High Ticket closing secrets to maximize your sales. Don’t miss out any chance to prosper your business.

Step #1: Analyze Your Website And Social Media Traffic

When it comes to analyzing your website and social media traffic, you want to determine what exactly is drawing your audience to your website or social media account. This could be factors such as the content you are putting out, what time or day you upload, or how engaged you are with your audience. As you analyze this data in more depth, it’ll reveal a bigger picture as to what kind of content your target audience likes.

When analyzing your social media traffic, you’ll want to look at what specific factor caused these people to watch or comment on your video. This specific factor could be the time at which you uploaded the video. Or the video was different in terms of content from all the other videos. You can also look at how engaged your audience was, such as the number of likes or comments that they left. All of this is information that will help you determine your target audience.

Don’t Look At What’s Consistent, Look At What Stands Out

One of the biggest mistakes most people make when analyzing their traffic is looking at what’s consistent but in reality, the best way to discover your target audience is to look at what stands out.

The reason you want to focus on inconsistencies within your data, is because it’ll help you understand what works and what doesn’t. If you focus on those that are consistent, you don’t know what you’re doing right, or what you’re doing wrong.

If there are specific days that stand out, focus on those days. Analyze what factors could have contributed to that particular outcome – whether it’s good or bad. If the outcome is a positive one, you can keep that in mind and experiment with putting more of that type of content in the future. If the outcome is negative, look at what differences are responsible for that negative outcome.

Consistency got you where you are today. Will it help you get to where you want to be? Share on X

Step #2: Audit Your Business Strategy And Compare It To The Marketplace

The second step to discover your target audience personas, is to audit your business strategy. Every time you put out a piece of content, or upload a new blog you should be doing it with a specific reason in mind. There should be a specific outcome that is achieved, which is what your business strategy focuses on. And with the marketplace’s needs constantly evolving and changing, you need to ensure your business strategy reflects those changes.

This is the difference between knowing how to find your target audience and knowing how to keep them. You may be able to attract new visitors to your website or new followers on your Instagram, but unless you understand how their needs change over time you will not have them for long.

For example, at the time of this article being written – TikTok is the newest social media platform that has gained popularity. Since its launch in 2016, in just 3 years it has managed to accumulate over 800 million active users worldwide. Compare this to Instagram’s 1 billion monthly users, and it’s very evident how fast the needs of the marketplace can change.

Analyze What Your Audience Does And How They Behave

One of the reasons why TikTok gained so much popularity in such a short time, is because a large majority of its user base are young teenagers from Generation Z. This is why it’s important to understand your target audience persona and who you are catering to.

Understanding the marketplace means also understanding what kind of people are interested in your content. You need to factor in things such as their location, age, gender, ethnicity, and interests. All of these play a part in determining what your target audience’s needs consist of, and are factors you will want to account for when analyzing data. One way to discover these factors is to look at what they’re searching for.

If you produce a lot of content around finance and one of the keywords your visitors searched for was “financial freedom”, right away you can tell this person is probably an adult or older. You can then proceed to look at what actions this person took while on your website, what blogs they may have looked at and what other keywords they searched for. When you put all of this data together, it’ll give you a better idea of what your target audience personas look like. And in many cases, you will have multiple target audience personas.

Get my High Ticket Client Cheat Sheet for FREE. Inside, you get the high ticket mindset, irresistible offers formula and persuasion principles to seamlessly reel them across the finish line.

Step #3: Create A Target Audience Persona

Once you’ve gathered sufficient data, it’s time to get clear on your target audience persona.

When creating a target audience persona, you want to get very specific about who they are and what their needs are. Some traits to include when building your target audience persona are:

Age
Gender
Relationship Status
Occupation
Who they follow
What they might search for
How familiar they are with your brand
How they spend their free time

The more specific you can get with these traits, the better your target audience persona will be. If you feel the need to include additional information, such as a target audience persona that “may or may not be in a relationship”, chances are you can create another persona and include that information in. The reason being that the needs and desires of someone who’s in a relationship, will be much more different than someone who’s still single and ready to mingle.

Confused People Do Not Buy

This is why you need to be very specific when it comes to building a target audience persona. Unless you are able to narrow down their traits as much as possible, you are going to create overlaps in the kind of message you’re putting out. That will cause confusion because your audience has no idea who you are trying to target. And confused people, do not buy.

Once you’ve created and understand your target audience personas, you can begin segmenting them and plan out what kind of content to produce. If you’ve created your target audience persona correctly, you will already know the needs and desires of your target audience. Now, all you need to do is create content that caters specifically to that target audience. The more specific your content is, the more your target audience will feel like you are speaking directly to them.

Conclusion

Knowing how to find your target audience persona can be simplified to just 3 steps:

1) Analyze traffic data

Analyze your website and social media data – search keywords, time spent viewing, where visitors came from. But focus on any numbers that look different from the rest. Those unique data points show you what to change to really hook your audience. The normal stats just mean you’re doing fine. But those different numbers reveal secrets to leveling up and keeping fans long-term.

2) Audit Your Business Strategy And Compare It To The Marketplace

Every content drop should nail a specific business goal. But buyers need to constantly shift, so your strategy must adapt. Gaining followers is one thing, keeping them is another ballgame.

3) Create target audience personas

Get hyper-specific when building audience personas – age, gender, relationship status, interests, search habits. The more granular the traits, the tighter you can dial in your marketing message. Overlapping details mean you need distinct personas. Nail those razor-sharp definitions to dominate.

Confused people don’t buy. Share on X

Discover How I Scaled My Business To 7 Figures In 8 Months

Congratulations! You’ve made it to the end of the post. Those are our tips on how to find your target audience personas in 3 steps. Now, what are the chances of you implementing this in your business?

For most of you guys it is close to zero. Because it is just information.

That’s why I have compressed all the resources that you need to scale your business into a single cheatsheet, High Ticket Client CheatSheet. Inside, you’ll discover the same time-tested formula, responsible for closing over $100 million in High Ticket business. Download the High Ticket Client CheatSheet, print it out, and keep it next to you as you work on scaling your business. Look at it regularly and implement the strategies in your business.