.I have a pretty awesome readership with M$M, and Laptop Empires has a really cool community of online business owners around it as well.
Anyway, back to the exact moment…
We were in Venice, and for some reason I had woken up in the middle of the night and decided to check my phone.[World Saving Disney Money At]
We also get to travel quite a bit which is nice, but the most important thing for me is that Iâm helping a lot of people right now.Even now, Iâm learning something new every day.
Between LE, M$M, and my marketing business, I was able to generate over $1,000,000 in revenue, and 2019 looks like itâs going to be much better.[Ticket To Leo Comes Giveaway Pittsburgh]
But with that said, this is one of the biggest lessons Iâve learned:
You need to lean into your strengths
There are a lot of things that I did âwrongâ when I was growing M$M.It took a while, and in the meantime I woke up every single morning and felt dread about having to go to work.
What do you wish you knew when you were starting out that you know now?
Everything.I am not type A enough to track my hours, but Iâd imagine that itâs in the 60-70 hour range right now.[I My Combine How Do Partner With Finances]
If that isnât making it, I donât know what is haha.
So please, please please please go out and take a chance on yourself, and never let the fears of what could go wrong keep you from creating the life you really want.[Part The As 1 Gig Singapore In Economy Making It Freelancer A In Thriving]
I decided to start blogging about personal finance and landed Millennial Money Man.
I wake up every morning and legitimately love what I do.Butâ¦ itâs not because they arenât talented enough or smart enough to âmake itâ.[401k And Of Leakage Cashout The Understanding Solving Womens Problem]
Even from my first days, I remember asking the head band director (AKA my boss) why we didnât get paid more.
What advice would you give to someone who is starting out and wants to design her dream life?
Stop thinking about what youâd like to do, and start taking action instead.
So in the first few months of not making any money, I had to start doing some digital marketing work to make ends meet.Itâs actually pretty common for online business owners to go a year or two without making much money at all, and then all the sudden just blow up.[Consider Heres Should Your Before What You You File Taxes]
Fast-forward to now, and Iâve started another business called Laptop Empires, where we teach people to start their own online businesses like I did.
The reality is that a lot of business owners fail.I remember sitting down at the kitchen table at my in-lawsâ house to pick out the domain name, but I donât remember what prompted it.[Iceland Kids With In 6 Do To Things]
I love what Bobby said about six and seven figure business owners knowing that speed and implementation trumps all.
After that, I started researching blogging, and found all of these people that were making money with their blogs! It was crazy.Itâs like someone telling you not to imagine an apple.The jeweler that had made my wifeâs engagement ring needed some help with their website, and I knew just enough to help them out.[To Waiting Your Do Thing You Simply You Here In Are Video Want Permission Fill Really For Really]
You have to go get your hands dirty with this whole âentrepreneurâ thing.Fail again.
Iâll never forget what he said:
âOh, donât start thinking about that.If you put in the work, run your business strategically, and try new things – youâre going to get traction eventually.[On Caregiving Retirement While Keep Track How Savings To]
Six months later, I was so passionate about it that I walked in and told my boss I was going to resign to run the blog full-time.
I had only made about $3 at the time, but I knew that I was doing what I was supposed to be doing with that site.If you want to start an online business, here are the best resources…
How To Start A Blog (blog post)
The Ultimate Guide To Online Business (page with all online business posts)
How I Made $45K Blogging While Working Full Time (free eBook)
Blog With A Full Time Job 12 Month Plan (free download)
The post From High School Band Director To Million Dollar Business Owner appeared first on Natalie Bacon.[Heres Best Isnt Your Taxes Everyone Doing For Own Why]
Welcome to theÂ Design Your Dream Life Series!
If youâre new here, this is a series where I interview people who have designed their dream life.It was October 2018, and my wife and I were taking a much-needed vacation in Italy.
Whatâs your lifestyle like now?
Coral’s starting her own YouTube channel on home decor, and basically getting to do whatever she wants.[Awesome Yours Does 401k How Compare Anatomy An Of]
Iâve built a lot of my income streams horizontally (more products, more services, etc.), but Iâm looking to shed some of those projects so that I can scale vertically and just focus one the things that are bringing in the lionâs share of the revenue.
But I had this moment where it all came together and hit me.I shared in on my personal Facebook page, and it basically blew up and went mini-viral among all of my friends.[The You Help Of Debt Will Out Get Mindset Money That]
So I leaned in really hard on that, tried my best to focus on what I was good at, and eventually it worked.
That wasnât new at this point in my business, but I guess it was just everything coming together.[About Budget To Portland Yourself You Travel 3 Have Things Experience]
This is something unique that people don’t emphasize enough.There is a lot of money to be had running FB ads for local businesses to generate leads, helping with freelance writing on their blogs, and just tons of other little things.
Now donât get me wrong – I didnât hate the kids or the actual work.I didnât really know that when I left my job to run M$M full-time.[Engaged Every Financial Stay Wellness With Age At]
I kinda wish I did because it would be cool to remember, but oh well.
Most of the time I just work that much because I love it.Itâs a total 180 from waking up and not looking forward to my teaching job.[Per How Writer 100 First Month As A To Your Freelance Make]
Eventually I officially started M$M, and itâs been off to the races since then.
But for a long time, I didnât really know what else to do, you know?
Starting another career sounds cool, but the only thing I had ever wanted to be was a band director.All of my social media was removed from my phone (I swore to myself that I would actually try to unplug on this vacation!), but I could still see my Stripe account notifications.[You Love Can To Finances Yoga Your Practice It You Apply Do Your]
They usually fail because theyâre too afraid to go out and implement their ideas.Once you do, youâll never be happy in this job.â
And that was probably what started this entire journey if weâre being honest.Itâs really, really hard to stay focused with an online business like mine sometimes, and you end up spreading yourself a little too thin.
Now straight-up – blogging is a slow game.[To To 3 Advance Your Do Things Career]
What was your life like before all this that led you to make a change?
I used to be a high school band director, and I hated it.
Bobby is a rockstar and I’m constantly inspired by him!
Are you inspired by Bobby?! Let him know in the comments!
P.s.There was this whole subculture of internet people nerding out about money as a business.[Director School Business Million Owner Dollar Band From To High]
Nowâ¦ please donât hear me say that you shouldnât be strategic and learn what other people in your industry are doing to grow their businesses.
I work from home, or a coffee shop, or really wherever I want (my home office is my favorite place to work though).[Alumni Kelly In Featured Chicago Booth Gushue Spotlight]
Thatâs a tough question – there is SO much stuff to learn about starting and growing a business.It kinda sucks, because Iâve seen a ton of people with so much potential quit right before they are about to âmake itâ.
Where can people find you if they want more?
You can find me over at www.MillennialMoneyMan.com for personal finance content, and www.LaptopEmpires.com for online business content and my podcast!
A Final Note!
WOW.Even with everything Iâve accomplished now, that moment I clicked the âsubmitâ button on the Sallie Mae website is probably one of the best ones Iâve ever had.[Revere Win Engineer Pittsburgh In Rosie To Tickets]
I picked up a few more clients here and there, but stayed mostly focused on M$M.Pick yourself up.I was doing the thing that everyone told me I probably should do.
Iâm so happy and excited to have Bobby Hoyt on today!
Here’s a look at what Bobby had to say about designing his dream life…
Finish the sentence âI knew I was living my dream life when…â
I actually remember the exact moment that I realized that I had âmade itâ with my business.Theyâre worried about failure and rejection (which is something all of us are worried about tbh).[That8217s You But Have Do One They8217re Big Emergency Actually Yes Boring Enough Funds]
The reality is that Iâve only been an entrepreneur for about four years now, so Iâm still pretty new to all of this! It was not that long ago that I was waving a stick while standing on a podium in front of my band students every day.
And quite frankly, my real strength in my business is being able to listen to my readers, have empathy for their various situations, and then give them the motivation to take whatever the next step is for them in their lives.[Downloadable Resource Template Net Worth Calculation]
That was really the event that set all of this into motion.
Thatâs why I eventually started doing marketing work for local businesses, which is where I made my first $1,000.I wanted to reach as many people as I could that were just like me: Unhappy with my job, financial situation, and wanting more out of life.[More 8220It Parenting My No I8217m Mindset Better8221 Gets Changing 8211]
Iâm not going to sit here and say it hasnât been hard or that there were never times when I really struggled, but itâs all been 100% worth it so far.
All I know is that I was very excited about paying off my student loans.[Remember 5 A Wedding Secrets Budget No Debt To Have]
Now…I had been running my business for about three years at that point, and this was NOT my first vacation as a self-employed online business owner.
How long did it take for you to make $1k per month?
Several months for sure.I didnât focus on the conventional things that everyone says youâre supposed to with a blog, like Search Engine Optimization or Pinterest.[B Special Enrollment Approaching Deadline Its Not Too Part Late Medicare]
So I opened my phone and saw it: I was selling courses in my sleep.
The personal connection with readers and success stories that I get in my inbox are the things that make me love what I do.[Do To Something When What Sucks]
I was in Italy on a really nice vacation, hadnât thought about my business in days, and it was still printing money while I slept.I guess I hadnât realized what I had actually created over the last three years of grinding, worrying, hoping, and putting the time in.
Soâ¦ I had to figure something else out.Haha.[Breaking Habits Bad]
Bobby is freaking so inspiring and amazing.
Thatâs why I was doing everything I possibly could to pay it off quickly.[RSUs Idea You Video A Better For There Are Just Of Vested Lack Your Letting Sit]
But, the core of what you do should probably be the things that you already enjoy and are good at in your business.
At the time, I was living with my wife at her parentâs house to save money.[Social Know Get Benefit Security Your To]
I drove a crappy car, rented that room from my in-laws for $500/month (my wife and I split it), barely ever did anything fun, and threw literally everything I possibly could at the loans.
How do you make money?
Well, itâs gotten a little complicated at this point if weâre being honest.[In Do 7 With New To Orleans Kids Things]
Hereâs what Iâve learned over the years:
The people I know who are crushing it with high six-figure and seven figure businesses are all in the position they are in because they understand that speed of implementation trumps all.
Iâve seen it over and over again over the past few years with other bloggers.But, hereâs the list:
Product sales from the FB Side Hustle course and FB Ads for Bloggers course
Recurring membership group revenue
Marketing work (local SEO, content creation, social media work)
Helping other bloggers launch their courses
Swag (people really like our Laptop Empires shirts haha)
Itâs a lot, and honestly Iâm trying to cut down on some of the things that I do in 2019.You can find all the interviews here on theÂ Design Your Dream Life Page.[Is My On Cash Handle To Be Flow A Why This Hard It Should Easier Get So Surely]
For me, thatâs info courses, membership revenue, and affiliate income.
I just kinda wrote the stuff I felt like writing, and really spent a lot of time getting to know my readers.[Brings Atlanta Regions Bank To Banks High Tech]
How many hours per week do you work?
Haha – I honestly have no idea.Itâs an awesome way to make money over the long-term, but you arenât going to get rich in the first few months.
How long did it take for you to make six figures per year?
By my third year working online, I was making six figures.You canât help it.[What Going Ahhhh Ubers I IPO Do Will Be Do I Rich]
Itâs good to know whatâs out there so that you can possibly implement it into your brand.
Unfortunately, most people just quit way too early.Fail.Then, in September 2016, my story was picked up by CNBC and the rest was history.[In 2 Make As Thriving A In Freelancer Part Economy The To Gig It How Singapore]
How did you get started?
Itâs funny – I donât remember the exact moment that I wanted to create Millennial Money Man.I just hated the fact that I never felt like I got paid well enough for how hard I worked.
After a year and a half of living like that, I finally made the last payment on my student loans!
It was crazy.Like I mentioned earlier – blogging is not a quick business model.I can’t agree more with Bobby.Massive action is the secret sauce to success.[Goh Lessons From Theresa In Woman Tenacity Womens Month Power]
I used to work an unhealthy amount before the business started churning significant revenue, but now that things are consistently growing Iâve been able to take my foot of the gas a bit and work more ânormalâ hours.
I had $40,000 of student loan debt, and I knew that I would be way too scared to make a career change with the loans hanging over my head.[Start How 2019 Jump SMC To The Money Challenge Your Money Goals With]
Before I had started the site, I actually wrote a post on Medium about what I thought Millennials should be doing with their money.All I can say is wow.
Then, you rinse and repeat that process until you find the things that work in your business.[Eating For Tips At Creative Saving In Home Eat Money]
I saw all of these bloggers out there with crazy income reports, and I guess I never really stopped to think about the fact that it took all of them years to get to that point.