branding

How To Strengthen Your Brand Reputation By Using Disruptive Technologies

June 24, 2020 by Dan Lok Leave a Comment

If you ask business owners what they’re doing to strengthen their brand, you might get a variety of answers. Some might think that only the big guns think about branding. Some might have no idea how to even get a brand at all. But the truth is, every company, no matter how big, has a brand.

Now, more than ever, building a good brand is easy. Surprisingly easy. You don’t need to pay expensive graphic designers for logos- you can use an app. You don’t need to put your employees through a daylong session with a photographer – great photos can be taken with phones too.

Template website builders can create websites in hours. Their quality can match what professional web designers do for most users. Unfortunately, this comes with a downside. Now that everyone can be a brand, it’s harder to be number one.

But do you need to be number one to be on top? Do you even need to be the first? The answer you’ll get in this article might surprise you. But here is a quick peek: Perception is reality. You only need to be perceived as superior and consumers will treat you so.

Now, as you will learn, this is not as easy as it sounds. But by the end of this article, you’ll know how to shift perceptions and gain this superiority status. You’ll understand what you need to strengthen your brand and become a disruptor at the same time.

How To Strengthen Your Brand By Becoming A Disruptor

You’ve probably heard the term disruptor before. But what does it actually mean? Can only startups become disruptors? How do you go about it? Do you need to be innovative?

In this article, we’ll discuss what you need to disrupt an industry. You’ll discover what steps you can take to do so. But let’s begin by defining disruption first. According to its official definition by Clayton M. Christensen, disruption has five criteria:

1. It’s a process, not a product or service, that occurs from the fringe to mainstream

Are you hoping that your product will be the new Netflix? You’ll be disappointed. Powerful disruptors didn’t change the game the day they came out. Blockbuster refused to buy Netflix many times before. Few people took Wikipedia seriously as a source of information at first.

Go in with the mindset that you have to work hard and that it won’t be easy. But with the right framework, you have a chance to succeed.

2. Originate in low-end (less demanding customers) or new market (where none existed) footholds

This means that disruptive technologies originally don’t appeal to mainstream demand. They satisfy a need that first occurs in emerging markets or is unimportant to the current market. What does this mean?

A new product or technology doesn’t always have to be the very best. It can be a cheaper solution with fewer features than the current incumbents offer. Not every customer needs a space station’s worth of technology in their pockets. Especially if it costs a monthly salary to buy.

Some people are happy with a $200-$300 smartphone. They don’t need the latest features.

Your solution could also meet demand current incumbents don’t address. Going back to our Netflix and Wikipedia example: You remember, before them, consumers needed to go to public libraries and video rental stores. It seems ages ago, doesn’t it?

3. New firms don’t catch on with mainstream customers until quality catches up with their standards

This is important. Most disruptive offers are seen as inferior. Consumers won’t buy only because your product is cheaper. Looking back at Netflix and Wikipedia:

Libraries cost a rental fee for books, the same as video rental stores. Wikipedia was free and Netflix charged significantly lower fees. This didn’t give their customers a reason to use them yet, did it?

Netflix needed to step up their game. In the beginning, they offered to send DVD’s to you via mail. They offered a longer return time, so you can conveniently watch them. But only after Netflix became a video streaming service, the market cherished their offer.

In the case of Wikipedia, people didn’t trust the information at first, as everyone could edit it. Wikipedia became a credible source of information after they started monitoring their sources.

4. Success is not a requirement and some business can be disruptive but fail

You might ask: Isn’t the whole point of disruptors to be more successful than their contemporaries?

But remember, it’s a process, not a product or service. Yes, you might have a solution that would be highly disruptive but the market won’t go crazy over you at first.

To master this phase, excellent marketing and presence in the marketplace are crucial. We’ll tell you about this later on.

5. The new firm’s business model differs significantly from the current industry leaders

This is usually what disruption is known for. The big players were not able or willing to go with the times. As a consequence, they were disrupted by a company that thought outside the box.

We’ll give you an easy process to find a spot to disrupt the market later on as well. But for now, let us remind you that you don’t have to tick off all the boxes to become disruptive or succeed as a new company. Yet it helps to know those aforementioned influencing factors ahead of time.

Let’s take a deeper look into those criteria of successful disruption and how you can use them to become successful disruptors.

Once you have a clearer understanding of it, you’ll see why the disruption strategy further down might work well for you.

Before You Strengthen Your Brand, Focus on People

Focus on the people in your company specifically. Disruption needs innovators, out-of-the-box thinkers, and leaders.

How can you build a disruptive company without the people to support the process? Not getting traction in the market can be tedious, mentally taxing, and frustrating. It’s easy to lose faith and give up. But with the right team on your side, executing a disruptive idea is easier.

Dan Lok says: An average idea with an excellent team is worth way more than an excellent idea with an average team. But how do you get such an excellent team?

Train for innovators

Innovation is a learnable skill. So make sure to give your staff the relevant knowledge, skills, and abilities. Look for a strong desire to be the first and prepare them for heavy competition trying to keep you down. This will happen sooner or later and if you’re prepared, that’s one more step towards success.

Change the culture

Allow employees to explore, experiment, and bring in new ideas. Let them be on the offensive and take initiative on their ideas. Most companies try to play it safe when they start but disruption needs another approach.

Hire for disruptors

Being unconventional requires unconventional methods to hire people. Put a hiring process in place to see their creativity, thinking skills, and problem-solving skills.

With the right team by your side, you can now focus on earning your place in the mainstream. To be truly disruptive, make sure to start from scratch. Don’t just try to work within the boundaries as everyone else. Step completely outside the box and approach from an angle no one else comes form. As Albert Einstein put it: We cannot solve problems with the same mental state in which we created them.

Strengthen Your Brand By Superior Presence

This a powerful strategy that Dan Lok used to build his global empire. Remember, a successful disruptor makes customers feel that the quality of the product meets their standards. Yet, value is very subjective, right? But if you control how people perceive you, there is a good chance you also control how they perceive your offer.

People don’t buy because they understand that you’re better. They buy because they feel understood by you. So get in their daily lives, and be in front of them as much as possible.

Ask yourself – how can I be constantly in front of my target audience?

You see, it usually takes 5-20 touchpoints until a client considers to buy from you. Why is that? Today’s market is very crowded and consumers get bombarded by different ads constantly.

So what then if you don’t have a huge advertising budget? Well, this could be a challenge. It’s hard to overcome loud competition and cut through the noise.

This is tough for disruptors especially. At first, customers don’t know, like, or trust you. Yet, with increasing touchpoints, you gain increasing attention and trust.

What can you use to get exposure? Technology and tools that is accessible to the masses, relatively cheap and free: Content. Use blogs, YouTube videos, webinars, social media posts, podcasts, emails…to just name a few.

You might wonder – Which of those platforms and tools should I use? The short answer is – all of them. If this is not possible yet, focus on the medium that your ideal prospect is most comfortable with.

Strengthen Your Brand With Content Variety

It pays great dividends to use funnels as well to educate and warmup your clients. A rule of thumb is, for every $1000 you want to charge give them one hour of valuable and relevant content.

What kind of content can you create? Anything you like, but there are two types of it: Paid and Organic.

Paid content entails anything that you pay for like Facebook and Google Ads. Organic content is anything you put out for free, like blogs, emails or social media posts.

You can mix and match them together, to create automated value ladders for your clients. This way, you’ll be able to engage them when they are ready, on their time and on their terms.

This way you will be different and more valuable. Remember, any company can just put out one ad hoping to get their business. But putting out content is beneficial to you in more than one way:

It enhances brand awareness
It allows you to prepare your clients. You can pre-handle objections, filter out unqualified prospects, and more
It gives you an authority status. By creating content on every platform, you’ll gain a stronger status in your industry.

Imagine you’re looking for a product and there are multiple providers.

One of them has thousands of posts, hundreds of articles, and you see their ads everywhere. The others only have a great website and a newsletter. hat would you think if you were the customer?

How To Strengthen Your Brand And Penetrate The Market

How else can you make your audience appreciate you? Make it easier for them to explore your product or service. Show them you truly understand them.

Become your own client. Walk a few miles in their shoes, look for their most pressing problems. A problem is a product, as Dan Lok says. See what they are using to solve those problems.

What current solutions can they access? Are they sufficient? If not, what’s missing? That’s where you can come in and give them what they are looking for.

You can use this checklist to do your research:

Scan the market for strong demands. Are there certain hot products available currently? Do any of those get criticism for certain missing or unwelcome features?
Find that one pressing demand you want to satisfy and map out your ideal audience
Become your ideal audience and recreate their lifestyle. What is their life like, why are they using the product or service you want to disrupt? What are possible alternatives and what does your future customer like and doesn’t like about it?
If you found the missing piece of the puzzle, now strategize how you can solve it easier. How can you do it cheaper, and more conveniently for your customer? Ask yourself: Why didn’t the competition address this pain point yet?
Once you have your solution, it’s time to become visible. Find a proven formula and strategy to market within your niche. Execute the blueprint with your team

Once you have traction and people are picking up on your offer, it’s time to scale. Use a combination of social media, paid and organic traffic and remote teams. Remote teams increase your agility and allow you to use employees more efficiently. They don#t spend long times in commute and could even work in different time zone. This way, you can quickly react to what happens in the market. Especially if your competition tries to make a move against you.

Don’t underestimate the power of social media. When you want to strengthen your brand take a look at which social media platforms can help you. If you’re more in the B2B space, LinkedIn might be a good choice to start.

Facebook can give you great insights into your metrics and has a lot of data on your audience. TikTok and Instagram are also very powerful, especially with teenage audiences. Now, some of those platforms still count as low value or low status. This is why the established businesses rarely use them, if at all.

This might be one of the pathways into the mainstream. Appear where your competition doesn’t go. From there, you can build up a powerful following under the radar of the incumbents. As with many disruptors, they might only notice you when they can’t ignore you anymore.

It’s Not Easy To Strengthen Your Brand As A Disruptor – Unless You Know This

If you want to shortcut this path, you might find value in Dan Lok’s program created it for his high-level clients. You see, many companies want to hire Dan for consulting to grow faster, manage their teams better and become crisis-proof.

Yet, he has to reject most of those requests as he has only a very limited amount of time available. This is why he created the High Ticket Influencer Program. It’s a blueprint on how to dominate your industry by becoming the most influential company in the niche.

You’ll learn how to build an elaborate content system to attract clients. What’s so special about it? It warms them up and sells for you while being fully automated and consistent.

In this program, Dan explains how to leverage webinars and social media to become nearly omnipresent. This enables you to sell with powerful messages 24/7. Furthermore, you’ll learn how to make your disruptive offers into high ticket offers and l increase your margins.

As a bonus, you’ll also gain access to Dan’s directors of Copy, Revenue, and Advertising. This way, you get insights on possible weak spots before they become a serious problem.

But all of this is just the tip of the iceberg.

If you ever wished to have Dan’s influence, reach, and status, then this is the program for you. It contains the exact, step-by-step blueprint to replicate what Dan did in record time.

If you want to become a disruptor and strengthen your brand, check the High Ticket Influencer Program here.

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.

How To Attract Better Clients And Raise Your Prices (With Zero Resistance)

April 23, 2020 by Dan Lok

Dealing with difficult clients can be a nightmare. Knowing how to attract better clients will not only increase your business growth, but also your peace of mind.

Most people do not know how to attract better clients. They get stuck in the mindset of thinking their product isn’t good enough, or their price is already too high. As a result, they think that their current clients are the only ones they can do business with. In reality, their limiting beliefs are the only thing holding them back. And the truth is that knowing how to attract better clients has nothing to do with your product, price or the marketplace. It has to do with you.

Think about how you got to where you currently are. You might have a few clients you are working with, and charge them a certain amount. However, every time you try to get new clients and raise your prices, you are met with resistance. And this happens to almost everyone you talk to. Why is this the case? You never had difficulty pitching your price in the past. Why only now, are you suddenly meeting resistance when you are trying to go for something greater?

As you’ll soon discover, one of the biggest reasons why business owners and entrepreneurs don’t know how to attract better clients is because of themselves. If you are struggling to attract better clients and raise your prices without resistance, here are some of my best tips on how to overcome these issues.

If You Can’t Attract Better Clients, It’s Your Fault

If you’re struggling to attract better clients, you need to take a step back and analyze the situation. What is the reason you aren’t able to attract better clients? What’s the common factor that’s holding you back? If you analyze deeply enough, you may come to a shocking conclusion: The common factor is you.

In life, many people struggle to get what they want. This is evident with people who are trapped in the rat race and unsatisfied with their jobs. They go to work every single day from 9-5. They force themselves to wake up sleep deprived. They’re miserable, and would much rather do something else, like chasing their dreams or finally starting their own business. Yet despite their desire, nothing ever changes. They’re still stuck at their boring old jobs, settling for something they don’t want. Why?

The reason is because of themselves. They hold themselves back with their own limiting beliefs. For example, a 23 year old might want to quit their job and become an entrepreneur. Yet they can’t, because they’re afraid they won’t be able to pay the bills. They’re afraid their business venture will not succeed, and they’ll be left on the streets broke. These are fears that they themselves create, that are not reality.

Until they decide to overcome their own limiting beliefs, they will never find success. The same is true for attracting better clients – unless you believe you can do so, unless you believe you are worthy, you will never get them.

Your Clients Can Sense Your Fear, Doubt And Uncertainty

This is true when it comes to business and in life. Humans can smell other people’s doubt, fears and uncertainty from a mile away. This is why knowing how to attract better clients has nothing to do with the actual product you are offering. Your clients are picking up on your own internal struggle and the limiting beliefs that are in your head. As a result, they don’t believe that you can get them the results they want, because you yourself do not believe that either. If you can’t convince yourself, how can you expect to convince your clients?

When interacting with other people, we give off unconscious behaviors that others judge us on. These are things such as our body language, tonality, the words we use and how we carry ourselves. If we speak in a confident manner, with a clear booming voice while standing up straight, others will perceive us as confident. But if we hunch over, and whisper when we are talking to our prospects, how do you think they will react when you say you charge X amount for your service?

Sell Me This Pen, And Do It Consistently

Here’s an example of how unconscious factors affect the clients you attract and the prices you can charge. Hold a pen in your hand, and repeat the following sentence out loud as though you were talking to a client:

“I charge $1 for this pen.”

Carefully note how you said that sentence. Your tonality, speed at which you said it and how loud your voice is. Now say this sentence out loud:

“I charge $10,000 for this pen.”

Did you notice a difference? Most likely when you said the second sentence, it differed from the first way you said it. You might have hesitated slightly, or your voice could have changed. This is because internally, you do not believe that a pen is worth $10,000.

Now imagine that you are offering a product or service to your clients, and you tried to raise your price that you charge them. When you tell them your price, the exact same thing is going to happen. If you do not believe that your product or service is worth what you say it is, you are going to hesitate. That slight difference in how you say your price, is what your client is going to pick up on. And if they sense that you are conflicted with how much you charge for your service, they will know you are bluffing them.

The 4 Types of Limiting Beliefs That Are Holding You Back

In order to get the kind of clients at the prices you want, you need to overcome your limiting beliefs. As you saw with the pen exercise, unless you fully believe what you are saying, your voice is going to rise like a helium balloon.

The reason your communication pattern changes is because of one of these reasons:

You are attached to the sale
You don’t believe in your product
You don’t believe your product is worth that price
You are afraid of your prospect

If you want to overcome your limiting beliefs, you need to change your mindset and do the opposite. For example, if you believe the reason you can’t get what you want is because you are attached to the sale, you’ll need to practice having an ‘I don’t care attitude’.

Let’s go into each of these 4 beliefs, and how you can overcome them.

Limiting Belief #1: Attachment To The Sale

One of the most common reasons people don’t know how to attract better clients, is because they are attached to the sale. They are attached to the outcome of closing the prospect, and are afraid of not being able to make the prospect say yes. If you go into a business meeting with this mindset, you are setting yourself up for failure.

When you are attached to a sale, the way you communicate will come off as needy or desperate. If you’ve been in business long enough, you’ll know one thing: People don’t do business with needy and desperate people.

No one likes to do business with someone who is needy. It’s a trait that puts people off, and makes them uncomfortable. Instead, you should have the mindset that you are good no matter what happens.

One of the core principles I teach all my students as closers, is that it has nothing to do with you. Whether or not you make the sale, has NOTHING TO DO WITH YOU. If you successfully close the prospect on a $10,000 deal, it has nothing to do with you. If you fail to close the prospect and they say no to your offer, it has nothing to do with you. So many people beat themselves up over what they perceive are their mistakes, when in reality it has nothing to do with them.

The truth is, whether or not your prospect buys is their decision. You can’t force them to say yes. The only thing you can do is influence them to see the value you bring to the table. If they say no, or you think the prospect is a bad fit, it’s completely fine to walk away.

Whether or not you make the sale, has NOTHING TO DO WITH YOU.

Limiting Belief #2: You Have No Belief In Your Product

Another reason why entrepreneurs don’t know how to attract better clients is that they don’t believe in their product. They don’t believe their product or service can deliver the results they are promising.

If you are not certain about your product, if you do not display confidence, you cannot influence someone. Your prospect has their own doubts and fears they are dealing with when interacting with you. And if you yourself also display doubts and fears about your product, it is only going to add onto the doubt they have in their minds.

The only way you can influence the person you are talking, is if your confidence level is higher than theirs. Have you ever met a salesperson who seemed so certain about something, that you were influenced to buy what they were talking about? You might not have any idea what the product or service is about, but the way they spoke with such conviction convinced you that it would be a safe decision.

This is why people who are naive fall for scams or bad deals by smooth talking salespeople. They get entranced by the way the salesperson carries themselves, that they don’t stop to actually think about what they’re buying. If you want to learn how to attract better clients and raise your prices, you need to know how to do the same thing. You need to project confidence in the way you carry yourself, and infect your prospect with the same certainty. That is how you get them to say yes.

Certainty is influence. - Ed Mylett Share on X

Limiting Belief #3: Believing Your Product Is Too Expensive

Similar to limiting belief #2, you believe your product is not worth what you are charging. In the pen example, you had no trouble saying that a pen was worth a dollar, because that is the standard market price for a pen. But when you tried saying it was worth $10,000, you suddenly had difficulty doing so. This is because of the price.

Unlike limiting belief #2, this has nothing to do with the product itself. The pen is still a pen in both examples, however the price reflecting that pen is different. The reason why people struggle in knowing how to attract better clients is because deep down they think their product is too expensive. They don’t believe their product is worth so much, or they lack evidence that supports that belief.

For example, suppose you were offering consulting services and you charged $5,000 an hour. If someone had said yes to you before in the past, and you were able to generate for them a 10x ROI because of your consulting, you would easily be able to state your price to your next client. This is because you have evidence from your previous client that what you do works.

However, if you’ve never had a client pay you $5,000 for your services, how could you possibly have the confidence that your advice would work out? You have no reason to believe you can charge so much for your services. Because you have no reason, you have no belief.

To overcome this limiting belief, you need evidence. This could be from a case study, or a free trial you’ve done for clients in the past. The only way you’ll get confidence, is if you have the evidence to support it.

Confidence comes from competence. Share on X

Limiting Belief #4: Fear of Your Prospect

The last limiting belief that prevents people from learning how to attract better clients, is fear of the prospect. You might be new to the business world and lack experience dealing with people. Or your prospect might be intimidating in some way – either physically or mentally.

If you are afraid of your prospect, that is already a problem. You need to ask yourself why you are afraid, and overcome that issue. Are you afraid they will hurt you? Do you fear they will discover you are a scammer? Or is it something else about your prospect, such as how they look or how they smell?

Being afraid of your prospect is actually a more common issue than most people know. Of everyone that you interact with, not everyone is going to like you. And the truth is, they don’t have to. Just like you aren’t going to like everyone you meet, they aren’t necessarily going to like you. But despite how you or your prospect personally feels about each other, you need to put those feelings aside. Your personal life and your business life should be kept separate. You have something they want, and they have something you want. It’s a fair trade and exchange, where both parties walk away as winners.

If you have a valuable product or service that you can offer your prospect, there is no need to fear them. The most common reason why people are afraid of the prospect, is because they have nothing of value to offer them. In that scenario, it is perfectly fine to walk away and not close the deal. After all, you two are not a good fit, which means there is no reason to do business. Move on, and find someone who is.

The 6 Step Process To Learning How To Get Your Dream Clients With Ease

Most people struggle to know how to attract better clients and raise their prices without objections. The biggest reason for their lack of success, are their limiting beliefs that hold them back.

Unless these limiting beliefs are dealt with, you will not be able to find success. Your prospect will sense your unconscious behaviour, and become turned off or suspicious as to your true motives.

Overcoming these limiting beliefs is the first step towards getting what you want in business and in life. Unless you’re able to confidently assert yourself, you won’t be able to get the prospect to say yes to your product or your price.

I know many entrepreneurs that struggle to attract the kind of clients they deserve. They’re stuck dealing with bad clients that are difficult to work with, and don’t pay them what they’re worth. The biggest problem is that they put up with these clients, when in reality they are worth so much more. That’s why I’ve put together a 6 step program to help any struggling entrepreneur or business owner overcome these objections to get the clients they deserve.

If you’re tired of being undercharged or dealing with bad clients, and want a step by step system that allows you to attract your dream clients with ease and charge them the prices you want, click here to get my 6 Steps To 6 Figures Formula Program now.

The Blueprint To Building A Sustainable 7 Figure Online Business

April 3, 2020 by Dan Lok

How can you build a sustainable 7 figure online business? How is it different from earning 4, 5 or 6 figures online? And how can you scale to success?

It’s very well possible to build a 7 figure online business. The online world offers lots of potential for making money – be it eCommerce stores, affiliate marketing or social media marketing. But if you want to build your online empire, you probably also want to do it fast and make it sustainable.

Dan Lok scaled his business from zero to 8 figures in one year, all by leveraging the power of online opportunities. How did he do that? His success is a mix of many factors such as online presence, using the right strategies to scale, and knowing how to close any kind of deal.

The power of the online world is immense if you know how to leverage it. If you don’t know how to use it yet, that’s no problem. You’ve come to the right place to learn. In this article, we will provide you the blueprint to building a sustainable 7 figure online business.

The Start of Your 7 Figure Online Business?

Your 7 figure online business starts with your mindset. When you want to make a million dollars your mind has to be ready for it. Most people aren’t raised rich, so having that much money is overwhelming to them.

Maybe you have seen people like this before? They have all these ideas about how to make it big but, in the end, they never follow through. They never get started. In fact, they only dream about success instead of pursuing it. Those people don’t have a millionaire mindset.

Instead, they are waiting until they are ready. The issue with that is, you will never feel 100% ready. So they never start. They are full of excuses. Don’t wait until everything is perfect. Start now and build the plane as you are flying it.

When you want to be wealthy, having an online business is one of the easiest ways to get there. But still, you have to be ready for pain and discomfort. Being successful means saying no to many things. It also means making sacrifices. Are you ready for that?

To build your 7 figure online business you want to be aware of all this. At the same time, make sure you’re doing something you enjoy. Don’t do what everybody else is doing because it’s trending on social media. Find something that resonates with you.

How Can It Be Sustainable?

An online business – or any business really – is sustainable if you can make a decent income without you working more. Or, in other words, you earn more money per hour without working more. How’s that possible? An online business has an advantage in this because many processes can be automated.

You put your product online and automate the selling process. You don’t need to be there and for some offers, you don’t need any sales staff at all. It’s basically selling itself after you’ve set everything up.

Sustainable business is also not dependent on your time. When you work in a 9-5 job, for example, you get paid for your time. When you run an online business, however, and want to scale to 7 figures, you need to make much more money in one hour as you did before. So, the sales cycle you will be building has to be repeatable many many times. So sustainable actually means scalable and repeatable.

Build Your Personal Media Platform

To build a 7 figure online business you’ll definitely need a strong online presence. The more social media platforms you are on the better. There’s nothing like “too much” presence online. People need to know who you are and what your message is. Only then can they build trust in you – And they will only buy from you if they trust you.

Every social media platform has a different audience. So, if you are active on many of them, you have the power to address several audiences. Dan Lok has big accounts on every major social media app and they are definitely a reason for his huge success. As of now, his youtube has 2.5 million subscribers. So, everything he does is seen by millions of viewers each day.

If you pick one platform to start, then it should definitely be youtube. Why? Because youtube has the second most powerful search engine on the whole web. So, it’s your best place to start. But to scale up and get to 7 figures, you want to be omnipresent – you want to be active on every big platform.

To build your 7 figure empire, be present everywhere and outperform your competition. Through the content you put out, people connect with you and become your fans. This is vital because people buy people. There needs to be a human element in everything you do.

Once they know you and understand your “why” and your message, selling to them is much easier. A brand that has a face is always more successful than a brand that has just a logo. Why? Because people don’t connect with logos. There is no emotional connection.

So, when you do your personal media platform right, it makes your clients chase you – instead of you chasing them.

What’s Your Message?

The next aspect that will make your 7 figure online business successful is your message and your personal brand. The most important point is, you have to stand for something. Most people make the mistake of trying to market to everyone. That doesn’t work because you become too generic. Generic doesn’t stand out.

To have a clear message you have to identify your target audience. And I repeat – your target audience isn’t everyone. Find out whom you want to serve. Men? Women? Students? Fitness junkies? After you’ve identified your audience you can model your message and brand accordingly. The right brand message is often polarizing. The right people will love you for it and the wrong people will be completely turned off – and you want it that way.

Your personal brand is extremely important for your online presence. It helps you to build a tribe of loyal fans who love you and want to buy from you. Having this kind of relationship with your fans is a form of social capital. According to Dan Lok himself, social capital is often more valuable than financial capital. If you know how to use your social capital wisely, you can turn it into financial capital anytime you need it – it’s almost like a byproduct.

Your personal brand is strongest if you base it on your talents and values. That’s when you are most authentic. When you boil it down, your personal brand is you. Of course, there are some things you won’t share online, but everything you share becomes part of your personal brand.

When you boil it down, your personal brand is you. Share on X

Products For 7 Figure Online Business

The next thing you’ll need for your 7 figure online business is a product to sell. It can be anything from a product you developed, to online training, or already existing products that you sell via an affiliate link. All these options are valid.

When you come up with a completely new product and your own idea you want to keep some things in mind, however. Before you start investing time and money into its creation check the market. Is there any demand for your product?

Is this something people really care about? In other words: is there a starving crowd hungry for your product? The thing is, you can’t create new demand in the market. You have to find out which demands and desires are already there. Then you offer a product following that.

If inventing your own product isn’t for you, then you want to look into affiliate marketing. It allows you to leverage products that already exist and to earn a commission from selling those.

But the best product to sell is online training or courses. This works especially well if you have a certain expertise in any field. Maybe you are a fitness expert, a growth hacker or an eCommerce owner… All you need to do is record online seminars, turn them into a program, and sell them.

How To Create Your Own Course

Creating your own online course is the easiest way to start your online business. Keep in mind, it has to be valuable, however. The people taking the course need to be able to create actual results. You will then take those results and use them for further marketing. Their success helps to build your brand further.

Now, how do you create such a course? First, it has to be a topic you know a lot about. Preferably something where you are already successful. Then you get into the thinking. How did you get successful? How can you reverse engineer your success for others? Spend some time on this. This is one of the cornerstones of your business.

A course that doesn’t work kills your reputation. Don’t create it just to make quick money. It should be something you actually care about, a message you want to share with this world. If it’s important to you, you will automatically create a better experience for your students too.

The best courses are split into several training sessions. It could be 4 weeks long or maybe 7 or 8 weeks. Give the students assignments so they can track and further their growth. You also don’t want to leave them alone with a bunch of videos. Create a support system around your course. Maybe there is a Facebook group or other kind of community? Create something that allows them to stay connected.

Scale Your 7 Figure Online Business With Premium Offers

The next step to your sustainable 7 figure online business is your offer. Huh? Don’t you have your product already? That’s true but your offer isn’t your product. An offer is your product plus value. It’s so vital that your prospects see the value in your offer. Maybe you include bonuses or other benefits?

Either way, to get to 7 figures you want to have premium offers. Those are offers that cost a bit more and are marketed towards affluent people. If you rely on low ticket offers alone, it will be so much more difficult to reach 7 figures.

How To Drive Traffic

Now, a product, an offer, and a social media presence are nice, but won’t help you much if nobody notices you. That’s why traffic is a key element of building a 7 figure online business. You need to drive traffic to your social media channels and your product.

The best source to drive traffic to your personal media platform is through Facebook ads or Google ads. However, SEO for Google is a bit harder to understand and running Facebook ads also got more difficult. That’s why many influencers start out on YouTube where the search engine is way easier to understand.

Anyway, from the source of your choice, the users enter your funnel. What’s a funnel? Imagine it like this. You might publish a YouTube video. At the end of the video, you leave a link to your product. From the product page, you send visitors to the next page where you offer them upsells. They check-out and are now in your system. In the future, you can send them through new funnels – by sending them an email, for example

So, the funnel is the path the users go through until they buy from you. It’s also what you use to get them to buy again. It’s a repeatable pipeline. You set it up once and now it’s generating income for you by itself.

Traffic Superstar: Webinars

One of the best ways to sell your online course or training is through a webinar. Webinars are so successful because they do the selling for you. They provide your lead with all the information they need because, usually, you give them some free content.

If a prospect likes the webinar content they will likely buy your course. So, the webinar automates your sales process. Automation is the only way to build a 7 figure online business. You can’t scale your business that far if you do every sales conversation one on one.

A well-built funnel with a valuable webinar will do the selling for you. You set it up once and it generates money while you sleep, travel, or do whatever you enjoy. It ensures that you have time for bigger business questions and strategic planning instead of having to worry about the daily business operations.

So, with your funnel, you drive traffic to your webinar. However, after the webinar, the funnel doesn’t stop. You want to make sure your funnel is well developed and tells the prospect what to do next. Do they go to the next page? Should they wait for an email from you? Whatever it is, set the expectations right from the beginning.

Webinar Success Through Platform Closing

Before the webinar can do the selling for you, you have to create it. There is one crucial thing you want to pay attention to. In a webinar, you are basically holding a sales pitch (a very valuable one). Usually, you start with the content that you promised. At the end of the webinar, you pitch your paid program.

For this to be successful, you’ll need a skill called platform closing. It’s a special form of closing sales because you aren’t in a face to face conversation with the prospect. They are watching a recording of your selling. That means you can’t ask them any questions and you have to guess how ready they are to buy.

Platform closing is used when you sell something on stage – hence the name. A webinar is similar to a stage, as the communication is from one person (you) to many (any prospect that watches the webinar).

For platform closing to succeed you need to build up a universal pain that all your potential prospects share. You also have to handle common objections and answer pressing questions. Building that perfect webinar might take a while.

7 Figure Online Business Made Easy

Maybe you are thinking now “this all sounds like a lot of work”. It’s true, to follow this blueprint you need some endurance. And you also need to be willing to deep dive into the different aspects of your business. You need to become an expert on how to create online courses. Learn how to build a funnel. Think exactly about your target market and your branding message.

Or, you could hire people who do it all for you. But, there is one more thing you could do. If you are a serious influencer or entrepreneur and already earn $300,000 in revenue – then you might qualify for Dan Lok’s High Ticket Influencer program.

This program is for you if you want to scale your business to 7 figures beyond using social media, generate predictable ROI every month, and want your business to run even when you’re not there.

High Ticker Influencer encompasses everything from marketing, sales, branding, finances, production, and everything else you’ll need to scale your empire. Explore the 12 weeks intensive HTI here.

The Ultimate Social Media Guide For Influencers To Build A Global Empire

March 31, 2020 by Dan Lok

There’s no denying the power social media has when it comes to building your brand and growing your business. Strategizing a complete social media guide is therefore essential to the success of your brand and business.

Building a real following on social media is key to growing your business, and everybody knows it.

Every single day, millions of people, who happen to be your exact target customer, are scrolling through social media. What will catch their eye? How can your social media content grab their attention?

You might also be wondering, Which social media platforms are the best ones to focus my social media marketing efforts on? This is one of the many questions that makes influencers and business owners feel overwhelmed about developing a strategic and comprehensive social media guide.

That’s why I want you to think of this article as the influencer’s complete social media guide for building a global empire.

But why should you listen to my advice when it comes to social media? Well, I have built a personal brand from scratch and I’ve become a social media influencer with millions of followers. I have over 1.5 million followers on Instagram, and over 1.7 million followers on Facebook. I also have over 2.4 million subscribers on my YouTube channel. That’s why so many people want to learn my social media secrets.

My massive social media following is a big part of the reason why I’m so successful. You see, you could sell the best product or the most valuable service, but it means nothing if nobody knows your product or service exists.

Social media is the best way to make sure your brand and product are both highly visible and well-known among active consumers. Customers can’t consider purchasing your product or service without first knowing that it exists. Social media is one of the best ways to spread the word.

In this day and age, formulating a social media guide isn’t just about being “tech-savvy”. It’s about understanding your target audience and knowing which social media platforms will work best to engage them. You also need to know how to best maximize the potential of each of those social media platforms.

Social media marketing is also about consistency, brand image, and let’s not forget about conversion rates. One million Instagram followers, for example, doesn’t mean much if your followers are not converting into actual customers. However, if you post content that converts your social media followers into customers, you’re heading towards next-level success.

Why Should You Be Using as Many Social Media Platforms as Possible?

Some influencers focus too heavily on only one or two social media platforms. But why shouldn’t you engage as many as possible? It’s kind of like the basic principle of diversifying your assets. You never want all of your eggs in one basket when it comes to investments, so why wouldn’t the same principle apply to marketing?

Part of the reason why many social media influencers focus solely on one or two social media platforms is because they don’t really understand how to use or maximize the other ones. Nobody ever provided them with a comprehensive social media guide. Perhaps they know how to use Instagram and Facebook, but they don’t know how to use YouTube or LinkedIn.

Knowledge is power, and that’s why I’m offering this comprehensive social media guide to help you understand how to use other very powerful social media platforms that you are not currently maximizing or using. By not using them, you’re leaving money on the table, and I want to help you stop doing that.

In this social media guide, I’ll explain exactly what social media can do for your business and brand. With a well-established plan and commitment to long-term consistency, you’ll be building your own global empire in no time.

Creating a Personalized Social Media Guide

Before we get into specific social media strategies for different social media platforms, consider your brand’s specific goals. The best brands are authentic ones. Therefore, crafting a personalized social media guide that aligns with your brand is essential.

Recently, I revealed some of my insider secrets on creating a personal brand based on your own unique superpower. Your superpower is your special skill, gift, or area of expertise. Your brand story often involves the story of how you became an expert in your specific niche.

It goes without saying that your personalized social media guide will be based on your personal brand and your signature style. An influencer who’s personal brand revolves around outdoor adventure and sells survival kits, for example, would probably have a certain theme in mind for all their social media platforms. They’d post plenty of exciting videos and photos of beautiful scenery. They’d evoke excitement in their target audience with videos of stunning hikes, waterfalls, and cliffs.

Understand that while this article’s general social media guide is helpful, it still needs tweaking based on your personal brand in order to be effective. For example, Apple’s Instagram feed should look completely different from your own, because their brand is completely different from yours.

And, how you engage the consumer on Instagram will be completely different from how you engage them on YouTube. An effective social media guide requires research on the various social media platforms, and how they work.

Branding Strategies

While exposure is good, great press is even better. Crafting an effective brand strategy is vital to your success, but what exactly is a branding strategy?

The way I like to think about it is finding your target audience, and researching everything there is to know about them.

Unless your product is sliced bread, it’s unlikely that your business will appeal to everyone. Instead of trying to please the entire marketplace, narrow your focus to your target demographic. Choose your niche, and choose it wisely.

Target your marketing efforts on social media, with the eventual goal to find loyal brand advocates. Brand advocates are defined as anyone who would vouch for your business without being paid to do so. They recommend your brand simply because they love your brand. Finding brand advocates on social media is even better, since they are likely to have an audience of their own to promote your brand to.

Think of it this way: As a musician, would you rather have five ultra-dedicated fans, or twenty fans who are only somewhat invested in your brand? You’re likely to be better off with five dedicated fans since they’ll promote your music on their own, play your songs for their friends, and drag their friends to all of your concerts.

Brand advocates also help build your brand’s credibility, and improve your brand’s reputation. Positive marketing about your brand is better when coming from a secondary source other than your own self-promotion. I’m much more likely to trust a recommendation from my close friend, than the brand that is recommending itself. Makes sense, right?

One of the best ways to get brand advocates is to connect with your audience on a deeper, emotional level. This requires that you have a very strong and relatable brand image, and great personal branding.

First, Hone in On Your Personal Brand

If you haven’t done so already, the first thing you need to do is get crystal-clear on what your personal brand is all about, what your signature style is, and what you want to be known for.

You need to take the time to consider what your brand voice sounds like, how your brand comes across, and what your central themes are. Figure out how you stand out in the marketplace, and which pain points you solve for your audience. In turn, crafting a personalized social media guide will give you a clear image of your brand and where it fits in the marketplace.

It’s also crucial to gain clarity on who your target demographic is. Why? Because certain demographics use certain social media platforms more than others.

This will certainly require effort, but remember, in order to get somewhere you’ve never been, you have to do something you’ve never done.

Investing in social media in itself is useful since it forces you to establish your brand in entirely new ways. Once you start maximizing the potential of all the social media platforms that are available to promote your brand, the results might surprise you.

Perhaps the conversion rates from one social media platform will be much higher than you expected, and it could simply be that your target audience uses that platform more. TikTok, for example, is a video-sharing app that has a lot of Gen Z users. Gen Z users are under the age of 25. Perhaps that generation is your target consumer, and that’s why your social media marketing efforts on TikTok paid off.

In general, when it comes to a social media guide, I typically advise that people get crystal-clear about their personal brand and what it stands for, first. Now, let’s go over some of the most popular social media platforms that carry the highest potential for return:

Facebook Marketing

Facebook is still considered to be royalty in the social media world, with 2.3 billion active users. Since it’s one of the most popular social media platforms, it’s a no-brainer that you include Facebook marketing in your social media marketing strategy. Best of all, you can share photos, sales copy, videos, and blog posts on this platform. In that sense, think of Facebook as the swiss-army knife of social media.

According to a 2019 study conducted by Pew Research Center, 3/4ths of adult Facebook users visit the site on a daily basis.

One of the many benefits of marketing on Facebook is that you can post a wide variety of content so your consumer won’t feel unengaged. So, how do you create different types of content that still feel aligned with your brand?

The key is to alternate. If you’re marketing your brand on Facebook, don’t post two videos in a row. Maybe one day you’ll share a video, but the next day you’ll post an insightful blog post.

On Facebook, I’d also suggest sticking to a specific posting schedule in order to stay consistent. My loyal followers always have a new piece of content to look forward to, and they generally know when to expect a new post.

Instagram Marketing

While you should do your best to market yourself on as many social media platforms as possible, Instagram is a great place to begin. Why? Because Instagram has over 1 billion monthly active users, making it the perfect platform to start building your global brand.

According to Oberlo, Instagram users spend at least one hour daily on the platform, making it the second-most engaged social site underneath Facebook. Instagram uniquely utilizes solely videos and photos, which are likely to receive higher engagement than text alone.

Clearly, mastering Instagram marketing is vital to the success of your business. Instagram is also one of the easiest platforms to partner with influencers and brand ambassadors.

Building your following on Instagram is also in your best interest because marketing on the platform gets even easier once you have at least 10,000 followers. You’re able to share embedded links driving traffic to your website directly from your Instagram stories once you have 10,000 followers or more.

A picture is worth one thousand words, so make sure your Instagram images stand out from the crowd. For example, the popular American grocery store Trader Joe’s clearly spends a lot of time strategizing their Instagram content. Each photo Trader Joe’s posts is beautifully shot, and valuable, giving the consumer valuable information while still advertising their brand.

Growing your Instagram following will require dedication and patience. Remember that growing an impressive social media following takes time. That’s why you can’t get discouraged if the growth isn’t happening fast enough for your liking. Is your goal to be an influencer with over 100,000 followers? Be strategic and consistent, in order to achieve these loftier goals in due time.

Video Marketing

A whopping 87% of video marketers say that their brand videos have increased direct to traffic to their brand’s website. You may be wondering, What is it that makes videos so powerful?

Well, for one thing, videos have the ability to engage multiple senses at once. The consumer is able to both see and hear your brand’s message, making it that much more engaging. And, evoking that much more emotion.

Think of it this way: Is your phone harder to ignore when it both rings and vibrates when a call comes through, compared to when it rings with the vibration turned off? With more stimuli comes more capacity for grabbing your prospect’s attention.

I’ve learned from experience that creating videos across various social media platforms, maintaining a consistent brand voice, is an extremely effective branding strategy. Moreover, many social media platforms offer more ways than ever before to embed videos in posts. Instagram developed the ‘Instagram Story’ which allows influencers to market themselves to their Instagram following in video format, and other platforms like Facebook allow videos to be posted as well.

Some social media platforms are entirely about video content, such as YouTube and TikTok.

Video-focused platforms such as YouTube will be covered more in-depth below, but the first step is to understand the power of video marketing. When developing a social media guide to follow, make sure that video-focused platforms such as YouTube are part of your plan.

If your competitors utilize video marketing and you don’t, that’s where you could lose a lot of followers and customers.

YouTube Marketing

YouTube has a shockingly massive, dedicated user base. As of last year, this social platform reported having over 2 billion monthly active users. This is the number of people that are actively using YouTube on a regular basis, and actively watching YouTube videos in their spare time.

2 billion monthly active users is huge. Clearly, it’s imperative to produce video content on YouTube if you want to grow your business, build your brand, and build a global empire.

A wide variety of audiences, demographics and communities use YouTube. That’s why YouTube is the perfect place to target your audience. And, since videos are so engaging, your video content is likely to produce higher rates of return when crafted the right way.

In other words, if your YouTube content is good enough, it can generate loads of qualified leads, sales, and brand advocates. Your YouTube channel can also become a source of passive income on its own through YouTube’s partnership program.

Why else is using YouTube important for building your social media empire? Since YouTube is owned by Google, that means your YouTube videos will automatically have a high chance of getting ranked on Google.

All you have to do is come up with a plan to make sure your videos stand out, have value, and engage viewers.

You could hire a copywriter to create engaging video scripts, rather than winging it when you create your videos. Or, get some training from a YouTube master on how to succeed at video marketing.

Whatever you do, make sure that your video content remains true to your brand. Keep your brand image and brand voice consistent across all of your social media platforms.

What About TikTok?

TikTok is one of the newer social media platforms that features a never-ending feed of 15-second videos. Impressively, the app already has 800 million active users. However, how are you going to use just 15 seconds of video content to your advantage?

As it turns out, 15 seconds can be just enough for certain brands and influencers to promote themselves. Stars like Loren Gray and Spencer X have emerged from the TikTok app with fully-fledged businesses, just by showing off their unique personalities and talents via these short video clips.

You could use TikTok videos to incorporate your product or service into a funny skit, or to connect with your consumers. These short videos help you connect with your audience on a more personal, lighter, more humorous level. Moreover, there are a number of TikTok influencers you could collaborate with to improve your own exposure.

Though TikTok is a young platform, it’s important to get involved before the market becomes too saturated. In other words, since TikTok is newer, that means many of your competitors aren’t yet using TikTok. If you start using it now, that’s just another way that your brand can get ahead.

Social Media Copywriting

Though we are in the age of photos and videos, do not underestimate the power of copywriting. Learning the art of crafting persuasive sentences can make your business appear more elevated and professional. Advanced copy also helps you position yourself as an expert and helps you communicate your message to your target audience.

But what if you simply don’t have time or the interest to learn copywriting? Consider hiring a professional copywriter to help you write your social media copyl. Not only can copywriters save you time, but they can also optimize your content making it more search-engine friendly. Social media copywriters and SEO copywriters can help you maximize your social media marketing campaigns.

Copywriters can write video scripts for YouTube, copy for Instagram captions, persuasive Facebook ad copy for better Facebook advertising results, LinkedIn posts, and more.

Improving the quality of your content and copy on social media is one of the best strategies to include in your social media guide.

If other brands, influencers, and businesses are posting social media content that has not been well thought-out, and they don’t have copywriting skills, what does that mean for you? It means that if you develop copywriting skills or hire a professional social media copywriter, you’ll have a competitive advantage in the form of extra-persuasive copy on your social media platforms.

Remember, anything you can use to set yourself apart from other businesses is to your advantage.

LinkedIn Marketing

As said by Bill Gates, “Power comes not from knowledge kept, but from knowledge shared.” Apply this helpful piece of advice to your marketing strategy. By teaching your followers valuable information or sharing knowledge, you can drive traffic to your brand and build credibility.

One of the best social media platforms to do this on is LinkedIn. The platform features many blog-style articles usually regarding business or branding advice. If you can teach other like-minded professionals in your industry something they’ll find valuable, they’re more likely to purchase or recommend your product.

Moreover, LinkedIn is also a great way to network with those in similar industries who may be a bit further along than you are. Use this to your advantage by using LinkedIn to find mentors, or people to collaborate with. Offer to take someone you admire out for lunch, to hear about their journey.

A presence on LinkedIn is also a great way to get clients, since LinkedIn is full of professionals with money.

The Art of Persuasion

You should aim to build your social media following even when you’re offline. Your goal should be to wake up every morning to new followers – but how can you persuade people to follow you on social media? One popular technique is to incentivize loyal consumers to follow you online in exchange for a discounted good or service.

For example, perhaps your local coffee shop offers a free baked good to any patron who shares a photo of their coffee on their Instagram account, and tags the coffee shop.

Tagged posts are a great way to drive traffic to your business and build brand credibility.

Take some time to consider what powerful words or phrases you can use when persuading others to follow you on social media. Shift your perspective to that of a consumer. What words or phrases would lead you to buy a product after viewing it on your social media feed?

Social Proof and Influencers

What is social proof and why is it important? The term ‘social proof’ refers to the expectation that people tend to follow accounts that already have a large following, lots of positive reviews from the public, or follow accounts that have been endorsed by a celebrity or public figure.

You may be wondering how the concept of social proof relates to your branding strategy. Well, for starters, 97% of consumers report that online reviews affect their buying decisions. Therefore, building a sustainable brand requires testimonials from people not affiliated with your business. Simple enough, right?

One of the best ways to utilize the power of social proof, is to invest in brand endorsements from popular influencers. These social media influencers typically have a large, highly loyal following who listen to everything they say, do, and recommend.

Is it worth the money you might have to spend to get one of these public figures to promote you on their social media? Yes. Do your research, first, though. Ensure that their following is loyal, legitimate, and engaged. You should also ensure that their following is composed of the type of people you want to target.

You can always start by partnering with less expensive, micro-influencers, and work your way up to big-time social media influencers for brand endorsements.

Which Social Media Platforms are the Best for Building Your Empire?

You may be wondering which of the platforms are the best for your social media brand strategy. In short, all of them. However, you’ll want to make sure that you target a select few first to maximize your engagement.

In fact, I’ve learned that there’s essentially a holy trinity of social media platforms based on their engagement and content output. For these reasons, I recommend Instagram, YouTube, Facebook and LinkedIn as your focuses on social media branding.

For one thing, Instagram and YouTube have the most active monthly users which make driving up your engagement easier. They also allow notably longer videos than other sites like TikTok. While TikTok is still great for connecting with a certain audience, longer videos mean more time to explain your brand. Makes sense, right?

LinkedIn is set apart from most other social media sites in that it’s a huge community of professionals. Dedicating yourself to branding on LinkedIn will improve your copywriting skills making you a better business person overall.

These three media outlets also have another vital factor in common: They all work well to utilize social proof. All outlets have comment sections and ways to network with similar businesses and influencers in your community. The more credibility you build, the better.

Social Media Marketing Education

While you create your social media branding strategy, don’t stop learning. You may feel like seeking out information could distract from your marketing technique. However, don’t make this mistake.

Instead, use new information to your advantage. I’ve learned to adjust my strategy as I take in newfound social media marketing insights with great success. While it is tough to learn and act simultaneously, you’ll be a better business person for it.

The only reason successful businesses thrive is their underlying commitment to adaptation. As any branding expert, my success has largely fluctuated over the years. I keep at it, although because I trust my ability to adapt to a new normal. Evolution is only possible when you’re open to change.

So, is it worth the money to invest in some social media marketing training, coaching, or educational course on social media? If you want to be an influencer, then yes, it’s definitely a good idea. This is you investing in yourself, which is smart if you want to achieve your goals faster.

Learning to harness the power of social media takes time. Rome wasn’t built in a day, so neither will your global empire. Continue to educate yourself, follow through consistently with your branding strategy, and watch as your business begins to grow.

Are you ready to maximize your social media platforms for ultimate growth? If you’re ready to build the kind of social media following that grows your business and takes it to the next level, enroll in my High-Ticket Influencer Program here.

Have You Ever Wondered What The Most Popular Social Media Influencers Do That Works?

Many people ask me,

Dan, how did you do it? How did you get over 1.5 million followers on Instagram, and over 1.7 million followers on Facebook? How did you get over 2.4 million YouTube subscribers?

When I’m constantly asked these questions, I realize that people don’t just want a social media guide from me. They want my social media secrets.

So now, for a limited time, you can access my most closely-guarded social media secrets by ordering your personal copy of my Social Media Secrets Vault. Here, you will gain access to my Instagram secrets, my YouTube secrets, my copywriting secrets, and even some closely-guarded persuasion secrets.

These social media secrets are what you need to build a global empire, and build the kind of social media following that will take your business to the next level.

In my Social Media Secrets Vault, you’ll learn how to get your first 10,000 followers fast, along with an Instagram checklist, a coveted YouTube cheat sheet on how to create superior videos, and many other social media secrets. I tend to guard these secrets with my life, so consider this a limited-time offer. Order my Social Media Secrets Vault here.