If you’re here to follow my musings on business/entrepreneurship, go head on over to SJO.com. It’s where I talk about that kind of stuff now. And be sure to subscribe.
I’ll likely keep this blog around as a place for me to vent and write essays I’ll likely never hit publish on
So yeah – SJO.com. Be sure to subscribe.
For those using MailChimp, here’s a simple way to save 10%:
Two-step authentication is a must for your important accounts (think online banking, email, PayPal, email service provider, etc). It requires a two-step login that mostly eradicates social-engineering hacks.
Best of all, MailChimp uses AlterEgo, which integrates into Google Authenticator.
When you using Google Authenticator, when you log into MailChimp (or GMail), it will ask you for a six digit code. Pull it up on your phone, get the code there, and bam, done.
I timed it. It literally took me 17 extra seconds.
The upside? I now save over a thousand dollars a year. All while making myself more secure.
Talk about the definition of a win-win.
We can all agree that your network is a critical part of your success. Be it from introductions to people you can work with, to guest posts on influential websites, to just soaking up knowledge from experience and theory, your network is one of the greatest tools you can have.
Yet just as people obsess over how many people follow them on Twitter or how many Facebook fans they have, too many people approach networking thinking quantity, not quality.
There is little value in just knowing Person X or CEO Y – having them on your LinkedIn or them following you on Twitter is no big deal.
The real value is having a connection with these people. An actual relationship. The people in your network have to find you of value. And without value, you’re just another person they know.
So it sometimes boggles my mind how protective people are of the people they know.
To me, there is no better way to show value (and that you appreciate the connection) than by introducing people who should know each other.
And the introductions don’t even have to be about business. It can be about shared interests that they are both passionate about. For example, I love introducing strong people to each other. They often end up talking about injuries they have had to overcome, common people they know/respect, etc.
I also love introducing people in one field who are also in another field (eg: doctors in fitness).
Every time I do such an introduction, I’m showing that I value them for their intelligence and knowledge. That I’m thinking of them. That I respect what they do, and want them to know other cool people too.
And it’s not always about introductions. I’ve chatted with Noah Kagan a few times, and I’ve been reading his blog forever. And I love what he’s done with SumoMe.com – simple and easy to use. And since I talk at conferences on emails and how to maximize revenue, I mention that SumoMe.com makes a lot of this easy and that you should use it. Hell, I got SumoMe onto Schwarzenegger.com (I’m an advisor there).
I also love submitting to reddit (been there on 9 years, yeesh) and tweeting links. If a trainer writes something I think others should read, I’ll be the first to submit it there (I’m a top 1% user there). I frequently tweet at people – both with links I think they’ll find interesting and whenever I read something awesome.
Lastly – I know what I’m good at (relative to other people in the industry) – web development and making money. People I know ask me questions all the time, and I’m happy to help. I give my 2 cents freely.
At the end of the day, I’m showing all these people that I’m not just here to make money off of them. That they aren’t just another “lead.” I firmly believe in the rising tides philosophy, and I want them to be more successful.
And you know what – I generally don’t do any of this with an ulterior motive. If people are cool, and/or their product is good, then why not do it? Any of the examples I mentioned above – what did I lose? I treat every connection as a friend – and so introducing them to another friend they would get along with is a no brainer. For example, since SumoMe works great and makes life easy – why not recommend it??
And the most important part of all of this – by helping your network, they will help you. They will want to help you. And this isn’t some spiritual claim about karma or “do unto others as you would have them do unto you” gospel. It’s just logic.
As such, I’ve been introduced to so many brilliant people and have had so many amazing successes because I try to be helpful.
And that’s how your network is both overrated and underrated. It’s overrated because too many people think “I know X Y Z” and don’t realize that it means nothing – if they don’t see value in you, it’s pointless. And it’s underrated because you could be unlocking so much more if you actually nurtured it (treat it like a plant, not like currency).
And so I’d like to leave you with some homework – go out and introduce two people you know that should know each other (but don’t). And then keep doing that a few times a week. And just like compound interest, this will leave your network will be more robust than ever (and you will reap the benefits).
I’m a big fan of playing to your strengths. For me – that’s finding something interesting, iterating, building it, and moving on. For others, it’s really diving deep into a singular topic. For others, its programming solutions. We all have our skills (which you do have to nurture, but that’s for another day).
One common (and intelligent) approach is to utilize your existing network to figure out a problem they’re having – and solve it for them. Right there you have an existing pool of customers that you can utilize to build out your product/solution – giving you a quick proof of concept that you can expand to others.
On that note, when one is deeply entrenched in an industry, you will come across your fair share of hucksters (who seem to be doing financially well), and your fair share of brilliant individuals (who seem to be doing financially poor). Putting two and two together, a common solution is to build some kind of “master directory” that will serve as a way of weeding out the inferior/illegitimate, and highlighting the best.
Stemming from this realization, people often come up a grander plan, and we end up with a form of (local) search directory – a centralized location that a user can trust to find the best (and weed out the rest). Connecting professionals with customers.
Having a ton of hands-on experience with both local search and directories: You have no idea what you’re in for.
In the past month, I’ve actually had five people suggest a form of (local) directory in various niches of fitness/health, and ask me my take on implementing something like this.
And I can see the appeal – 3 years ago (after a 3 year hiatus from local directories), I was about to purchase a premium “trainer” domain to build a directory. Last year, I kicked around the idea of buying Dietitians.com for the same purpose. Thankfully, both times I realized the folly of my ways and gave up on it.
In no particular order, a few of the issues you face:
More than anything else, you will suffer from the chicken and egg problem. Your professionals won’t bother putting effort into your directory without visitors… and visitors won’t bother with your directory without professionals to sift through.
From a marketing perspective, you have two channels to target. One does not lead to another – you could have an amazing directory of personal trainers, but if consumers don’t know about it, no one will ever see it. You could be getting 50,000 visitors a day to your directory website, but if it’s not being promoted to professionals (remember, most of them operate offline), they won’t even know to add themselves to it.
This is it not conjecture – I speak from experience. I actually have a directory website that gets 50,000 visitors/day … and the amount of professionals that add themselves is a pithy number.
And when you add local, the headaches increase 100x. A strong foothold in one city (even a major one like New York) literally means nothing to a visitor from Chicago, or LA, or any other city. You literally have to win one city at a time.
The Internet is like not like Rome at all – if you build it, no one cares. So how do you originally seed your directory? Do you input that data manually? Good luck – are you really going to cover an entire industry? Are you going to buy the data? Good luck – inevitably up to 20% of it will have significant errors… and fixing those can be an immense headache.
Plus you have to scale your data – unless you reach some modicum of compleatness (that’s a real word!), your directory will appear half-assed. And half-assed is worse than zero-assed.
Google has been de-emphasizing directories for years now, and only continues to do so. So let’s say you need a lawyer – are you going to search google, or are you going to go ahead and visit Avvo.com? (a beautiful example of a local directory).
So even if you acquire a “customer” (defined as a visitor who comes to your site), are they ever going to come back? Are they going to tell their friends?
Even if you are some expertly curated directory, how will the customer know to trust you? Why would they trust you?
And here’s the most important paradox – how are you going to generate revenue?
Whenever I asked this, the person responds “well the business owners will.”
Why would they? I mean, look at Yelp – well established, millions of visitors, millions of reviews. But if you’re a business – you literally have zero incentive to pay them. If your ratings are good, you’re already getting exposure, so why bother paying? If your ratings are bad, paying for more exposure is akin to shooting yourself in the foot.
Premium listings? Well, if you make professionals pay to fill in their profile, then why would they bother? And if they don’t bother, and handicap the “free” listing, why would customers use the website in the first place?
Are you going to try to charge users? Are they expected to pay to access your list of professionals? Other than AngiesList (which itself has financial difficulties), this is a model that has never worked.
So who exactly is going to generate your revenue? There are definitely potential synergistic ways of generating revenue, but you need some size before you can pull that off. In the meantime, good luck with marketing to two unique channels while you’re battling Google
About the only way to make money is to realize that most professionals do not understand the Internet. Someone like Travis Jones does really well in fitness because he understands how to utilize targeted internet marketing to generate revenue. So you can convince a business owner to pay you $10 per lead while you find them at $5 each.
But now you’re no longer running a directory. You’re a marketing company. And there goes your original idea of being a high class directory.
Something that has always baffled me is how big people’s egos get. And this is true in every industry I’ve ever been in – from online gaming to domains to local search to daily deals to fitness/health now.
Somehow there are people in this world who think making $10,000 a month or having 50,000 FB likes makes them a big deal.
I’ve met a lot of successful people, and I’ve found that the ones that do the best realize that they have an audience (I always perceive it as a serious audience), but that they (and their company) are not that big of a deal.
To use fitness/health as an example – Examine.com gets a decent chunk of traffic. ~30,000 visitors/day, so a million people a month. Impressive!
But then you look at Precision Nutrition. I don’t know their exact traffic count, but I do know their fantastic infographic on the cost of being lean got millions and millions of visitors over the span of a few days. Even more impressive.
But then you look at MyFitnessPal. Their 20 million visitors fetched them $475,000,000 from Under Armour.
Now that’s impressive.
And until you can pull something like that off, check your ego. You’re not as big as you think you are.
Next month, it will have been four years since I helped co-found Examine.com. A pretty simple idea (“Lets look at the actual evidence behind supplements and nutrition), it’s evolved into something a lot bigger – 30,000+ visitors a day, a monthly research digest, and generating over a million dollars a year. Over 1500 professionals rely on that research digest as a big source of nutrition education, and over 30 people contribute to the organization.
A legitimate success story. I was even recognized as a game changer. Who knew nerding out could be cool?
Yet my entire goal for 2014 was to extricate myself from the organization. Re-retire, so to speak. The logic itself was pretty sound: find people who are better than you at things you do, and empower them to do it. Both Kamal, Andre (our lead developer), and Carolyn (our new Director of Ops) have done a great job pushing me to the sideline and rendering me redundant.
So why did I want to get out? And why do I say no thanks to investments and making more money? Because it’s exhausting. Running an organization beyond a few people is a serious responsibility It’s a sobering thought to realize that 20+ people depend on you for their livelyhood … and that’s before you factor in any significant others and kids.
Everyone sees the upsides – more money, more notoriety, access to cool events. But what about the downsides? More pressure. More focus on the bottom line. Legal, HR, etc. Paperwork. Employee turnover. Less one-on-one connections with everyone. Less time for yourself!
I live a simple life. I live downtown in a major city in North America. I have no car, and I have a dog I love taking on walks. My only expensive hobby is traveling, which I already do a fair amount of (8-12 weeks a year).
Maybe it’s my immigrant mindset, but I just want to live a simple life. And running a larg(er) organization is the antithesis of that. And taking investments and targeting to make more money … just seems to feed into a beast I don’t want part of. If I already have the life I want, what benefits do I get from making more money?
So the money, the fame (hah), and everything else – if that’s what you want, cool. Seriously – we all have different motivations and goals. External investments and more money just don’t help me with mine. I think sometimes people forget that old adage of “work to live, not live to work.”
I recently finished reading The Art of Learning, and greatly enjoyed it. While I’ve always been pretty strong on the technical aspects of learning (eg precision practice, codifying routines, etc), my mental prowess when it comes to learning new things is one of my weaker points.
As I’ve also backed off more and more from Examine.com, I’ve been spending more and more time thinking about how one achieves success. Success itself is of course relative – a combination of desire, talent, time, and actual results. I’ve also been thinking a lot more about the mental aspects of it – motivation, enthusiasm, passion, and what not.
This background sets up something I’ve come to appreciate more – the quantified self movement may actually be helping you wimp out.
As someone with an analytical mindset (I did graduate as a computer engineer), I tend to love numbers and metrics. My initial move in losing weight was walking 10,000 steps a day. I have logs from the past ~5 years that cover my weight, the activities I did that day, and any other pertinent information.
So I was originally a huge fan of the idea of “tracking” my life – how well I was sleeping, how well I was recovering (HRV), and all that jazz.
The problem is we get caught up in these #s too much. For example, my highest HRV was 92 (on a scale from 1 to 100). Any time I had an HRV under 90, I had my built-in excuse – “I didn’t fully recover.” My lowest HR was 49. Any time was HR over 55, I had another built-in excuse – “I was still fatigued.”
Now I know that is not how HRV works. And I know that there are a billion factors that can affect my heart rate. But we are not rational beings. We do dumb things all the time, knowing full well that they aren’t good for us. And even though I knew better, my inferior HRV, HR, amount-of-slepe, or whatever, was still in the back of my mind.
“How you feel is a lie” is a common phrase thrown around by people in fitness, and I’m starting to believe it more and more. Greg Nuckols had a great write-up on the effects of perceived steroid usage. Basically people went to their coaches for some ‘roids, and were given placebos. Everyone got stronger. Then half of the people were told they were given a placebo. They proceeded to immediately lose their strength gains, while the other half remained as strong as ever.
The people who suddenly lost their strength gains – it’s not as if their muscle mass just disappeared! So if the physical was all the same, the mental game must have had a significant impact. And at the end of the day, there is an opportunity cost to how things impact you. What’s more important – spending 5 minutes a day figuring out your optimum omega-3 dosage, or spending those 5 minutes sharpening your mind?
The problem we have today is we are overloaded with information. We should be working on increasing our mental acuity, focus, concentration, and more. To me, the quantified self movement seems to be more problem than solution – the data may actually be shackling you.
John Meadows posted on Facebook how fitness model Jaco de Bruyn ripped off his workout program.
Jaco de Bruyn then posted admitting he ripped it off, and came to a business agreement with John.
Some time after that, Jaco backed out.
How the story unfolds, I don’t know. I can vouch that John Meadows is a class act. But what really grinds me gears is how he angles it as a “bad decision.” In the comments section, his fan boys go on about how it was a simple mistake, how he must be an outstanding person to fess up, etc etc.
What the hell? What kind of mental gymnastics are at play here?!
A mistake is when you accidentally write 79 instead of 97. A mistake is when you say “yes baby you do look fat in those jeans.” But copy pasting someone else’s work, passing it off as your own, and profiting isn’t a mistake. It’s malicious.
That’s not a bad decision – it’s a planned decision.
Not to mention, would Jaco De Bruyn have ever admitted to it if he hadn’t been caught first?
Plagiarism isn’t a mistake. It’s a deliberate deleterious act only done by lazy hacks.
Three months ago, Examine.com was sitting at above $700,000 in revenue.
With the recent launch of the Examine.com Research Digest (ERD), Examine.com is now a million dollar business. And cash-flow positive to boot.
I already covered the basics steps of what made us stand out. But you know what ERD was? It was us doubling down on what we do best – take nutrition research and make it accessible.
That’s the core of our mission. It just so happens that our focus has been on supplementation and nutrition, but if someone was to ask – “What is the problem you solve?” – the answer: “We break the ivory tower of academia”
It should be noted that by focusing on what we do best has done wonders for our traffic. We’re now at roughly 25,000 visitors per day – and we rely on no single source. We get a ton of traffic from Google. From Facebook/social media. From other websites. By making ourselves useful, we’ve gone a long way in shielding ourselves from relying on one source.
And speaking of relying on a source – I had previously posted how roughly 25% of our revenue for our Supplement-Goals Reference came from our affiliates. For ERD? Less than 10%.
It should be noted that none of this would have been possible without a fantastic team. I make talent/outlook my #1 concern – salary we can always figure out (part-time, equity, public speaking, whatever). This has then directly contributed to the quality of what we present, which has in-turn directly contributed to the amazing support we’ve had. That then generates more revenue, and it’s a nice cycle that continues on.
There are other lessons to be shared here. For now, we’re all happy that we’re making a dent in the cesspool of misinformation that is nutrition online.
Tasks and todo lists – everyone talks about them. The satisfaction of crossing something off. Their never-ending nature.
I love todo lists. And not because they keep me organized or because of the satisfaction of crossing them out. Nope. I love todo lists because I save everything I did get done and keep it on record. It’s a shrine to all the tasks I have defeated in the past.
It’s pretty simple. I have a file called “To-Doned List.” Every day, first thing I do before I look at my email or Facebook or anything is I add an entry for the current date. Then, as I get shit done, I add them to my To-Doned List.
At the end of the day (3pm for me), I can almost always look back and say “I got a lot of things done today. Now it’s time to turn off work.”
On the few days when I don’t get much done… I come back the next day with a vengeance. And I obliterate everything in front of me.
Hell, aren’t we taught that positive reinforcement is the best? You know how they say death by a thousand cuts? This is like success by a thousand (tiny) steps.