August 22nd, 2014
Episode 225 of 715 episodes
"One of the things I've learned from failure, because I've failed quite a few times, is that it's never that bad." -Justin Cooke The Cheat Sheet: Why you should stop asking for permission and just do it.(16:00) How Justin faces failure.(18:50) What is arbitrage and how can you build a business with it?(21:00) The Mini Mogul approach to making bank. (25:00) What's the Five Figure Problem and how does Justin suggest overcoming it? (26:30) Who you should take advice from and why the who is just as important as the advice itself.(33:10) And so much more... With Tim Ferriss'The Four-Hour Work Week, there came a tidal wave of demandfor overseas staff and outsourcing. Suddenly everyone had or wanted to have a VA from overseas, even people who didn't know what VA stands for (it's 'virtual assistant' by the way). But what about actually living overseas as a way to build your business in its early stages? Are there any benefits to being in another part of the world that could help you grow that business you've been mulling over? There are according to Justin Cooke, our guest for episode 304 of The Art of Charm podcast. We talk about why it's worthwhile to live in a foreign country when you're just starting your business, how to live like a boss even when you aren't making much, how to cope when failure strikes and a few ways to build a profitable online business. Try Squarespace for free and help supportThe Art of Charm! More About This Show: Justin Cooke was living a fairly typical American life: he had a mid-level management job at an SEO company. At one point the company was so busy they hired virtual staff from the Philippines to help them keep up with demand. That experience went over so well with their company that it left an impression on Justin and one of his colleagues. Together (at an Outback no less) they came up with the idea to move overseas, start their own company and work for their current employer to get the company up and running. Amazingly, their SEO firm agreed and the guys were off to the Philippines! Everyone told them they were crazy, but they went for it anyway. Over the years, they've had their share of success and of failures. One of their earliest successes was Empire Flippers. It started out as a company that bought and sold web sites; it grew to what it is today: a company that buys and sells web sites but also a company that helps peoplebroker lifestyle businesses and profitable established web sites in the market. And Justin will tell you, as he does on this show, that they've been able to outsource nearly everything they do in every area of their lives...and they do it for cheap. Those two assets combined: the ability to outsource and to do it cheaply, have given them the leverage they needed in the early days of their business to really focus on it, grow it and expand it to the successful enterprise it is now. He's a big proponent of starting your business by stayingin a country where the cost of living is low. By being in the Philippines, a country thatis heavily influenced by America and has a low cost of living, they were able to focus on ways to generate profits. But it wasn't always easy. Justin is the first to admit he's faced his share of failures. And he has just a few suggestions for when you do: The first is to realize it isn't that bad when you do. The second is to get started and get moving. And if you don't have a business idea or any interest in growing a business, Justin has plenty of suggestions for ways to make extra cash. If you're someone who has more time than money, he's got tips for you. More money than time? He has you covered there too. This is a business-rich episode and Justin leaves us with a few key tools that you can use right now, whether you call yourself an entrepreneur or not.And there's plenty more in our discussion, have a listen and then follow his advice: just get started! Resources from this episode: Justin'sweb siteEmpire Flippers podcastJustinon TwitterNiche PursuitsSmart Passive IncomeGoogle AdWords Keyword PlannerLong Tail ProEntrepreneur on FireTropical MBARamit SethiVenture HacksLifehackerThe Craigslist Penis Effect Try Squarespace (free) and support our supporters! You'll also like:-The Art of Charm Toolbox-Best of The Art of Charm Podcast HELP US SPREAD THE WORD! If you dug this episode, please subscribe in iTunes and write us a review! This is what helps us stand out from all the fluff out there. Ways to subscribe to The Art of Charm Click here to subscribe via iTunes Click here to subscribe via RSS You can also subscribe via Stitcher FEEDBACK + PROMOTION Hit us up with your comments and guest suggestions. We read EVERYTHING. Download the FREE AoC app for iPhone Email [email protected] Give us a call at 888.413.7177 Stay Charming!