Andrea Lake - As owner of six successful businesses, Andrea has a unique insight into what it takes to not only start a business, but turn it into a winner. Listen as she shares her trade secrets for aspiring entrepreneurs.
Favorite Book? – Do Cool Shit
What CEO do you follow?— Jeff Walker
What is your favorite online tool?— 15-5
Do you get 8 hours of sleep?— Yes
If you could let your 20 year old self know one thing, what would it be?—Worrying is unnecessary, it’s a waste of time.
Time Stamped Show Notes:
01:12 – Nathan’s introduction
01:32 – Welcoming Andrea to the show
01:57 – StickerJunkie started before YogaJunkie
02:25 – Build and hold kinda girl
02:40 – Currently owns 6 companies
03:17 – Lessons.Biz and StickerJunkie are the most profitable businesses
05:12 – All sticker companies do well and have solid recurring revenue
05:48 – Andrea would exit StickerJunkie for a number just north of $5M
09:11 – Licensing versus Sales
11:00 – Talking Lessons.biz
12:55 – Have 2400 email addresses on list via BF ads—spent $.50 a name
13:25 – Course pricing models
14:30 – Build a T-shirt Empire—NOT on Amazon yet, but it will be
16:35 – The 1st day you launch your website is the worst day of its life
17:23 – Measuring success for Lessons.Biz
17:47 – www.AndreaLake.com
3 Key Points:
Don’t obsess over online metrics.
Keep your fingers in lots of different pots.
You don’t have to sell a business to WIN—you can keep and hold.
Edgar – Nathan uses Edgar instead of other scheduling tools for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for.
Host Gator - Powerful web hosting made easy and affordable.
YogaJunkie – One of Andrea’s companies
StickerJunkie – The heart and soul of Andrea’s success
Lessons.Biz – Andrea’s next big venture
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop