Video Creator’s Channel Chris Williamson

You Dont Need An Office You Dont Need

a 25 grand startup loan. You don’t need loads of stock. You Don’t need a factory a production line or any of that stuff. It can literally be you and a laptop and the information that you have or some kind of service you’re looking to provide it feels like we’re missing something today. I know I know the the third square missing a squad shaped like this like Raisin an almond scone-shaped hole Yusuf is saving lives, whereas me and you just spend all our time on the internet.

• entrepreneur
• entrepreneurial
• business
• internet
• office

So I Thought Id Get A

hold of you today and just record a a rogue podcast. What are we going to be talking about well the internet basically or how how people make money using the internet so I guess the broad subject would be online business building an online business. an online business, you can’t make money anywhere else. There is no money to be made in real person at the moment Yeah Yeah well. I suppose like even people who go to offices or have worked in an office.

Their Entire Life Are Now Basically

living the same life as someone who’s been a like a digital entrepreneur. Their entire life so everyone’s working from homes a lot of remote working but yeah so I suppose this is something that I’ve been doing with Yusuf for quite a while um since 2010-ish officially I think we actually incorporated the business. I don’t know whether you know this Chris, but I think we actually incorporated propane in your flat in Jesmond, Yeah, I seem to remember that so you’ve been running an online business for over a decade and now the main source of your business is teaching other people. run an online business, so if there is anybody on the internet that can tell us what how to start an online business? How not to it’s you well. I mean that’s very kind of you.

I Can.

I can certainly talk about the the the pros and cons and the kind of the common mistakes. So we do fitness coaching and then the other side of what we do is. I guess teaching people who do fitness coaching to use the internet to teach fitness coaching and that’s that’s kind of so you know helping helping Pt’s a lot of personal trainers at the moment are um obviously they can’t train clients so a lot of them are using the internet using an online-based service to coach clients and that I think a lot of them have run into this problem of like I’ll just do a zoom. Thing I’ll just get people on and then you’re like Oh actually there’s quite a lot to this it’s quite complicated and then we step in to help so that’s kind of what gives me any kind of right to talk about this.

I Guess Youve Got Youve Got License

to talk about it man so where do we where do we begin like what are the why would someone even want to start a business on the internet. It’s a good question. I think why did I want to start a business on the internet that’s probably the best place to explain that from so I started out of university. I went into it like a typical nine to five grower. It’s not nine to five supposed to be nine to five.

You Have To Sign That Bit Of

paper that means that you’re they can basically. Make you work as many hours as you want and I was driving to work listening to I think the book that every anyone with a hint of entrepreneurial desire has read, Which is the four hour work week and in that book. If you’ve not read it by a guy called Tim Ferriss. He talks about basically starting a business as this kind of way to live the live the life live life on your terms so you have more command over your when you work, where you work how much money you make etc and the multiple currencies, and he refers that to that as a muse. So you build a business that’s kind of small you’re not trying to build the next facebook you’re not trying to conquer the world.

Youre Trying To Earn A Living Selling

something typically through like maybe through. Like a drop shipping process which I guess we’ll talk about shortly or selling information getting it to the point where you can actually leave the constraints of the typical employed life and work for yourself, and I guess a lot of people even as they progress through a career. realized that basically in this cycle of , I am working for a salary. I have to go to a certain place and I get paid a certain amount and I have to work for this amount of time otherwise that I don’t get the paycheck at the end of the month and I think you only need to know one person who doesn’t fit that mold and to be honest. I think it was you for me.

Chris.

He was like the the one friend who’s like yeah, but he he earns more than than my friends. And he doesn’t have to go He doesn’t have to put a tie on He doesn’t have to wear a shirt and he doesn’t have to travel to Stockton every morning to go and audit a manufacturing plant so like I think you know everyone you just have to know one person. You start to question these things and you read these books and I think now um a lot of people are having similar questions when you know they’ve been forced to work from home or perhaps even lost their job for various reasons. It’s like what else could I do that’s maybe less reliant on somebody else or another company.

Why Do Online Business Rather Than Just

progressing what you’re currently doing in the real world in terms of what’s the reasons for it what are the benefits, why not just be start your own accountancy firm. leave the accounting firm you’re out and start your own as opposed to becoming like an online accountant somehow or selling online accountancy How to be an accountant courses or how to be a coach to coach accountants to move online yeah well to be honest. I think one of the easiest ways to do something like this is actually to take a skill you already have and just do it for yourself online. so I suppose the what I immediately think of when I think of online business and why someone would want to start it is it’s usually some kind of informational information transaction right. So it’s a service or it’s selling advice or it’s selling information there are others but that’s a very common type and the reason for that is it doesn’t really involve the traditional structure that you think a normal business would would require so you don’t need an office you don’t need a 25 grand startup loan you don’t need loads of stock.

You Dont Need A Factory, A Production Line

or any of that stuff. It can literally be you and a laptop and the information that you have or some kind of service. You’re looking to provide and the missing piece of that puzzle is clients I guess and a way to help them. But if you get yourself into the position where you have clients in a business like that it can be extremely profitable because the costs are nothing basically all the costs. Are you your time and the software and the technology that you need so the low barriers to entry in terms of not needing massive amounts of investment financially and the low skill barrier to entry.

I Suppose As Well That You

are for a lot of people with their online business repurposing existing knowledge that you already have and then just putting it out into the universe to see. I think it’s was it you that told me everyone is an expert in something yeah so that there’s a few people online that really promote that that message that like if you the more you think about it if you had to I think we spoke about this on maybe a life hacks episode where one of the bits of advice I gave was try in some way to think like how would I monetize myself and I don’t. Mean like set up an only fan’s account I mean how can although that you know arguably they’re making more money than all of us, So yeah they’re the ones winning but yeah like I I know some people personally who who worked as like an engineer or something that you wouldn’t necessarily think um could be translated online, but they were receiving a salary and then they left that set up on their own and now they’re kind of consulting are in the same capacity earning three four times the amount . So I suppose it’s going from taking something that you’re maybe doing for somebody else in the confines of a business and they are paying you kind of what they think that’s worth but the market may think that’s worth more right someone else or multiple five six ten customers may think well. I’ll pay a monthly fee for that advice or I’ll pay a fee for access to help and then consulting on that a specific thing so yeah there’s.

There Is Still A Barrier To

entry. I think that just to quickly cover the the misconception here and I think the mike winner you’ve had on twice. Now Yeah once or twice so his his Youtube channel and the idea behind the entrepreneur is there is a big movement in the online world that if you buy some course and set up a webinar or something like that, you can suddenly have an online business and I I I get the idea of it and obviously the people selling the course. I’m sure make a lot of money out of it. But I think just because a business is online.

It Doesnt Mean That Demand And

supply and like the basic. principles of why someone purchases something don’t apply? They definitely do so if you have something valuable or you have a service or some knowledge or some expertise that is valuable to someone else In the sense that you can shorten the gap from a to B like I’m trying to learn to slackline right how do I slack I’ve got no idea well. I could just work with someone who’s an expert in slacklining and they’ll make me slackline in 12 weeks. For example, right so that I mean that’s a service that you could be turned into a course or a service and I don’t think anybody could say that like if that’s your goal. You want to learn a slackline and you learn to slackline that you’ve done anything wrong by selling somebody that information all that help right you’ve delivered a valuable service and you can.

Use The Internet To Do That

in a very highly like profitable way that doesn’t you don’t have to sell to people on your street or in your town. You can sell the people anywhere in the world so the scale and the ability to leverage two of the main points. I think people entering the online world won’t necessarily be familiar with those words, but the naval managers certainly helped and people like Jack Butcher talk about it an awful lot on the internet um you.

• use internet highly like profitable
• digital entrepreneur entire life working
• online business mean kind certainly
• start business internet probably
• living life like digital entrepreneur

Summary

You don’t need an office you Don’t need a 25 grand startup loan or a factory a production line or any of that stuff.& It can literally be you and a laptop and the information that you have or some kind of service you’re looking to provide it feels like we’re missing something today. Yusuf is saving lives, whereas me and you just spend all our time on the internet.& So I thought I’d get a hold of you today and just record a a rogue podcast.& What are we going to be talking about well the internet basically or how how how people make money using the internet . Yusuf has been running an online business for over a decade and now the main source of your business is teaching other people. The other side of what we do is. to teach people how to run an online businesses. We’ll talk about the the pros and cons and the kind of the common mistakes that you don’t need to it’s you well….. Click here to read more and watch the full video