Every month we put together an income report to share a behind-the-scenes look at the ups and downs of running a 7-figure business. In full transparency, it’s not easy – but it IS possible. Through hearing about our mistakes, lessons learned, and our wins, we hope to inspire and motivate you to take action in your business with just one step forward every single day. For our full income report, visit EOFire.com/income89, and IGNITE!
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Resources
CPAOnFire.com – Accounting, Tax & CFO Services for Entrepreneurs.
LizerbramLaw.com – Business Attorney & Legal Strategist.
The Common Path to Uncommon Success is available NOW! Visit UncommonSuccessBook.com to order your copy today!
3 Value Bombs
1) You need to make sure your tax preparer knows all the rules and regulations for any tax return they are helping you file.
2) As is the case with any type of business, online programs come with legal pitfalls that you need to be aware of.
3) We have to remind ourselves of what’s most important to us. If we don’t – even though we know – it can be easily neglected.
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Show Notes
**Click the time stamp to jump directly to that point in the episode.
[00:12] – Income review from JLD
- Gross Income for January: $198,657
- Total Expenses for January: $21,058
- Total Net Profit for January: $177,599
- Difference b/t Jan & Dec: -$1,012
- % of net profit to overall gross revenue: 89%
[01:40] – Josh’s January Tax Tip: Your Tax Questions – Answered!
[02:27] – Q1: Is there anything you can or should do if you have already formed a business in a less “tax favorable” state?
- You have to register your business in the state you do business from. And even if your business is all online / virtual, that still means the state you live in and physically operate the business from.
[04:00] – Q2: If PayPal and Stripe report my earnings and give me a 1099, why do I also have to give a W-9 to every client? Are they going to report and give me a 1099 on the same income?
- It’s standard practice for most people who pay you money to request a W-9. That doesn’t necessarily mean they will send you a 1099, it just means they want it on file in case they do need to send you one.
[05:23] – Q3: How do I find someone to help prepare taxes who is familiar with the “qualified performing artist” rules and codes.
- The answer here is that you need to make sure your tax preparer knows all the rules and regulations for any tax return they are helping you file.
[06:16] – Q4: Do I need to collect a W-9 from my coaches or provide my credit card statement for my taxes?
- You should always collect a W-9.
[08:35] – David Lizerbram’s January Legal Tip – Disclaimers and Liability Waivers for Online Programs
- As with any type of business, online programs come with legal pitfalls that you need to be aware of.
- You should strongly consider hiring an attorney to provide advice and make sure that you have the proper documentation.
[10:43] – Some general items that may be found in your liability waiver are:
- Explaining what professional licenses you do and do not have.
- Outside resources that may be helpful.
- Confirming what type of advice you are giving and what type of advice you’re not giving.
- Making sure your audience has reasonable expectations in terms of results.
14:05 – Thanks to our sponsors, ZipRecruiter and Flippa!
[17:07] – What Went Down In January – The Common Path to Uncommon Success
- The team hustles to get marketing strategies implemented for The Common Path to Uncommon Success book launch!
- Regular communication with our book launch director, Amber Vilhauer, and her team over at NGNG Enterprises
- Regular communication with our HaperCollins team, led by Sicily
- Updates back and forth with our bulk buy fulfillment team over at Givingtons
- Followups and reminders about the book to our core influencers, past EOF guests, and YOU, Fire Nation!
- Overall just making sure we’re hitting deadlines and keeping things moving
[19:22] – John’s January Calendar
- John has recorded 40 interviews a week for the past 3-4 weeks! That’s 7-8 EOFire interviews, and the rest him as a guest on others’ podcasts.
[23:40] – The importance of visibility and reach.
- We are getting amazing support for the book launch.
[28:30] – The Common Path to Uncommon Success Pre-orders and Bulk Buy Packages Continue!
- Check out the incredible bonuses we’re offering for anyone who pre-orders at UncommonSuccessBook.com. The Common Path to Uncommon Success is available NOW! Visit UncommonSuccessBook.com to order your copy today!
- You’ll get access to 5 INCREDIBLE bonuses just for pre-ordering your own copy today! (But not for long! These bonuses are diminishing fast!)
- Bonus #1: The Journal Trio: The Freedom, Mastery & Podcast Journal shipped to your door! (access to digital packs for those outside the USA).
- Bonus #2: Live AMA (ask me anything)! Ask me any question you have about the book or your journey. GOING AWAY MONDAY, FEBRUARY 15!
- Bonus #3: “Lost Content”: Access to a behind-the-scenes audio interview with JLD on the journey of launching The Common Path to Uncommon Success.
- Bonus #4: The Common Path to Uncommon Success downloadable PDF Workbook. A crucial companion guide to ensure your success! (Available March 23rd)
- Bonus #5: Video interviews where JLD and many of the 17 all-star entrepreneurs featured in The Common Path to Uncommon Success share bonus content not available in the book. (Available March 23rd)
- Bulk Buy Packages & Reward Experiences – Check out our bulk buy packages + some INSANE reward experiences!
[33:15] – January 2021 Income Breakdown
- Gross Income for January: $198,657
- Total Expenses for January: $21,058
- Total Net Profit for January: $177,599
- Difference b/t Jan & Dec: -$1,012
- % of net profit to overall gross revenue: 89%
[35:12] – Biggest Lesson Learned – Your Health is Everything
- The more you can remind yourself of how important your health and wellbeing are, the better you’ll become at honoring that.
Transcript
0 (2s):
Boom, shake the room, fire nation, JLD here with the January, 2021 income report for entrepreneurs on fire. Our gross income for January was $198,657. Our total expenses were just a hair over 21 K for a total net profits in January of $177,599 for a crazy close difference between January and December of negative, $1,012 in giving us a percentage of net profit to overall gross revenue of 89%. We almost hit that magical and almost unhittable 90% plus Mark, which we've only done twice in eight years and fire nation.
0 (49s):
Today. We're gonna be talking about a lot of awesome things. You're going to have your tax questions answered by Josh of CPA on fire. You're going to have disclaimers and liability waivers for your online programs. Talked about by David Lizerbram, our entrepreneur on fire legal counsel, and so much more. When we get back from thanking our sponsors Flippa is the world's leading marketplace to buy and sell digital real estate, including websites, e-commerce stores, SAS, businesses, apps, and other online businesses get access to a free instant valuation plus insights on how to improve scalability for your business at flippa.com/fire hiring is challenging, especially with everything else you have to consider today.
0 (1m 34s):
But there's one place where hiring is simple, fast, and smart. That place is ZipRecruiter. Try ZipRecruiter for free at ziprecruiter.com/fire. That's ziprecruiter.com/fire ZipRecruiter. The smartest way to hire all right, fire nation as promised. We're going to have Josh come on in here and give us your tax questions answered. So Josh brother take it away.
1 (1m 60s):
This is one of my favorite times a year. Not because it's tax season. I know nobody likes tax season, but because the new year represents a new opportunity to get your tax and accounting life straightened out. There's no better time to tackle this crucial part of your financial life, your business, anything that involves money than at the beginning of the year, right? Because then you don't have to go way back and clean up all the things you didn't do or the mistakes that were made all year long. We tackle it now and then it's ready for the entire year. So with that in mind, we're going to spend the first tax tip of 2021, answering some questions directly from fire nation. And remember, we're always looking for great questions to answer.
1 (2m 41s):
So please don't hesitate to ask yours in the future and you may be featured here as well. The first question we have is, is there anything you can or should do if you've already formed a business in a less favorable tax States state? For instance, I hear some States like Delaware, Nevada and Texas are better than Pennsylvania. And this is a very common question that we get all the time. And there's good reason for that state taxes. Add one more tax burden on what's already a high tax bill for a lot of people. Fortunately, it also has a very simple answer. You have to register your business in the state, you do business from right. And I know a lot of people who have online virtual based businesses think that kind of opens up a loophole where their business isn't actually located anywhere, but that's not the case.
1 (3m 28s):
The state that you live in operate that business from. We'll still consider that to be the state your businesses in, right? So if you live in California, you run your business from California. Even if that business is strictly an online Amazon e-commerce store, they're still going to consider that a California based business. You're still going to have to pay all those taxes to California. Additionally, even if you could register your business in a more tax friendly state, this wouldn't help you. The reason is that you pay taxes to the state you live in, not the state, your businesses registered in, right? There's an exception there. If your business has a C Corp, 95% of you should not be a C Corp, so that won't apply to you, right? So all the way around the best move is to simply register your business in the state that you live in and operate the business from.
1 (4m 14s):
Anything else is just going to cost you time and money with little to no tax benefit. Second question. If PayPal and Stripe report my earnings and give me a 10 99. K why do I also have to give a w nine to every client? Are they going to report and give me a 10 99 on the same income? Okay. So the first thing to remember is that it's standard practice for most people who pay you money to request a w nine requesting a w nine does not necessarily mean that they're going to send you a 10 99. It just means that they want it on file. In case they do need to send you one, it's sort of a CYA thing to make sure that they're getting the information from, from contractors. Okay? So never hesitate to give someone a w nine that asks for it.
1 (4m 55s):
Now as to whether they will send you one. If they paid you via PayPal or Stripe, the answer depends largely on whether they know what they're doing or not. If you pay someone via third party like PayPal or Stripe, you don't have to send them a 10 99. Stripe takes care of that. PayPal takes care of that. Whoever the third party is takes care of it. However, a lot of people do, they don't know that role and they mistakenly issue attending nine. This one impact you. The IRS won't force you to pay taxes on that same income twice worst case scenario. If you do get a note from the IRS saying that you had more income shown for you than you claimed, all I could do is write them a simple letter with an explanation we've had that happen before. No big deal. So not something to really stress over, but it would never hurt to remind someone, Hey, you pay me via PayPal, no need to issue me attending night, there were three.
1 (5m 43s):
How do I find someone to help prepare taxes? Who's familiar with the qualified performing artists, rules and codes. All right. I'm not entirely sure what this is referring to, but my guess is they're talking about the Los Angeles local taxes and the exemption that they have for creative artists up to a certain level of income. Either way. The answer here is that you need to make sure your tax repairer knows all the rules and regulations for any tax return. They're helping you file. So in most places, this is simply going to be your state and federal returns. But in some places like LA, they also have local returns that takes kind of specialized knowledge of your locality to make sure it's done properly. Right? I live in the state of Ohio.
1 (6m 23s):
We have lots and lots of different local and school district tax returns. Most States don't have that, but if you do have it, or you don't know if you have it, you need to hire someone that makes sure they know what they're doing there. And finally, last question. Number four, do I need to collect a w nine from my coaches or provide my credit card statement for my taxes? It's as mentioned above, this is very similar. You should always collect a tenant, a w nine. I'm sorry if you're paying someone money like a contractor or a, an affiliate, anything like that. You want to have their w nine on file, right? From there. Your accountant can determine at your end, whether to actually send them a 10 99 or not, but you want that w nine, just as a, in case you need to send one or as a CYA, but you don't want to come to the end of the year and say, Oh, crap, I got to issue these people.
1 (7m 11s):
10 99s. I don't have any information for them. Then try to get a w nine, as soon as you know, someone's gonna become an affiliate for you, a contractor for you, a coach for you, whatever, issue them that w nine, have it on file just in case you need to send it as for whether to provide the credit card statement for your taxes. I'm not entirely sure what they mean here, but you should only need to give that information to your accountant. If they're kind of questioning something saying, Hey, what was this? That you're claiming $10,000 for ad expenses. And you want to show them on your credit card statement, or if you have not done your bookkeeping all year, they'll need that credit card statement to do your bookkeeping. And finally, the only other time that would come up is if you were to get audited by the IRS, they may want to request to see those, but you don't need them.
1 (7m 56s):
As far as you don't need them to file your taxes. You should have bookkeeping that shows that already, hopefully these answers help. A lot of you get started on 2021 the right way put in that time. Now make sure you're counting taxes are running smoothly and efficiently. This is the time of year to get it done. So you're not scrambling at your end. And finally, if you have any questions you want to be featured here on a future income report tax tip, send them in. We're always looking for great questions to answer. Otherwise you can reach out to me directly, Josh at CPAonfire.com, check out all our free resources@cpaonfire.com.
0 (8m 27s):
Josh, once again, you are a CPA on fire. Thank you for those amazing, amazing tips tactics. And of course, questions answered all the things that we need to know. And now we're moving on to Mr. David Lizerbram his January legal tip, which is all about disclaimers in liability waivers for online programs. You need to get this right fire nation. David say, what's up and take it away. Hey, everybody, John and Kate.
2 (8m 57s):
So yeah, I'm here to talk about disclaimers and liability waivers for online programs. Maybe not the most exciting thing that you think about when you, you know, you're developing these programs, but you got to think about it. You know, if you're listening to this income report, you probably know that online programs, content courses are huge business opportunities. Providing valuable content to your audience can be a way of building trust and Goodwill for your other products or services, or that content itself may be the product that you're selling, which is great. But as with any other type of business online programs come with legal pitfalls that you need to be aware of. Let me give you an example in the Podcaster's paradise Facebook group, which everybody should be involved in.
2 (9m 40s):
One member asks the following question. Do I need to have a liability form for people who sign up for my online programs? It's therapeutic slash psychological in nature. So do I need to have a liability form for people to sign up? Well, the short answer is yes. So imagine you open like an old school storefront business, offering information and advice about your topic of choice, whatever you're an expert in, and maybe it's related to mental or physical health, nutrition, finance business, any other topic? Well, most likely you need to have your clients sign a waiver or form of some kind that limits your liability. I'm sure we've all signed these from time to time that same policy applies to your online business.
2 (10m 21s):
Meaning just because you're providing it online, doesn't mean you don't have to worry about that legal liability. What you don't want to happen is for someone to come back and file a lawsuit against you when the results aren't, what they wanted and that you know, could happen. So what do you need to do well? I mean, first of all, it's important to know that this type of service may be regulated by the state or country where you live. So you should really strongly consider hiring an attorney to provide advice and make sure you have the proper documentation. You don't want to accidentally provide a service that requires a license from the government that kind of mistake can result in legal liability fines, or even criminal charges, which we don't want to have happen.
2 (11m 1s):
Some general items that might be found in your liability waiver are, you know, explaining what professional licenses you do and do not have. So for example, you might say, quote, I'm not a licensed psychologist or therapist consultant, a medical doctor before starting a new therapeutic program. That's just an example of what might be appropriate. You can also include in the waiver outside resources and it might be helpful. So if your expertise is in helping people overcome mental barriers, you may want to direct your clients to sites that can help them find a licensed therapist in their area. If they feel they need professional help. I mean, you could even include things for people in really urgent situations or situations where they might be tempted to do self harm, provide any resources that you think might be helpful.
2 (11m 47s):
Another thing that could be included in your liability waiver is, you know, confirming what type of advice you're giving and what type of advice you're not giving. So on the wealth side, providing general guidance about how to grow one's wealth is not the same as making real time stock recommendations. You really want to make it clear exactly what you are and are not doing. And also finally, you really want to make sure your audience has reasonable expectations in terms of results. So if you have testimonials from enthusiastic clients, who've gone through your program and had a lot of success, be sure to make it clear that those results may not be typical and that those clients achieve those results because they put in the work. And maybe even, you know, we're fortunate that it worked out for them.
2 (12m 27s):
Your documents should also include specific language to minimize your legal liability. Now, this is where the advice of an experienced business lawyer will really come in handy. For example, under some circumstances you may want to include language that prevents multiple clients from bringing a class action lawsuit against you. Having those clauses drafted by a professional can make a huge difference. Should you be the target unfortunately, of a future legal claim? The bottom line is there. Isn't an easy one size fits all answer to this question. If you're providing any kind of advice or guidance, you will need the right kind of documentation. And the best practice is to establish a relationship with an experienced attorney who can make sure that your exposure is minimized so you can focus on delivering great value to your clients.
2 (13m 12s):
If you have questions about any of these topics that we've talked about, you can always get in touch with me, David Lizerbram, Lizerbramlaw.com. If you type David Lizerbram to Google and even guests, how to spell my name, you'll get it. And I will look forward to speaking with you
0 (13m 24s):
Fire nation. There's a reason why we use David for all of our legal counsel in legal needs is because he lives in this world. He breezes world. He knows this world. So make sure you're taking this advice. You're implementing it into your business, create the systems and the tools and the automations around it. So you just get it right once at the beginning. And then you can just go off and create what it is that you're best at creating. But these processes have to be put in place as you many of you know, the first question I asked for 2000 episodes in a row was tell me your worst entrepreneurial moments. So many of those worst entrepreneurial moments are because people did not consult with a person like David and they left themselves open legally and got slammed as a result.
0 (14m 8s):
So fire nation heed this information that we are gifting to you on these income reports. David, thank you brother, much appreciated, and we will catch you on an upcoming income reports. And now we're going to take a quick minute to thank our sponsors. Businesses have had to be flexible this year from working remotely to pivoting their business models for long-term survival and growth. Just one example, performing arts companies are streaming state shows, musicals and symphony concerts online. If you're in charge of hiring for your business, these pivots have made your job even more challenging, especially if you had to hire for brand new roles. Thankfully, there's one place that you can always count on to make hiring faster and easier.
0 (14m 50s):
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0 (15m 46s):
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0 (16m 33s):
And speaking to January it's time to get Kate Lynn Erickson on the mic. I mean, we are way too far into this income report without hearing her voice, the common path to uncommon success pre-orders and bulk buy packages are war. We're going to be focusing on here today. So Kate jump on in, catch us up. What the heck is going on in your world
3 (16m 53s):
To help. We talked about how you're supposed to introduce me as your fiance. Now
0 (16m 58s):
I heard about this later fire nation,
3 (17m 2s):
What's up fire nation at great to be back on the mic for another income report, very excited to be walking you through kind of, as we are going through it ourselves, the upcoming launch of the common path to uncommon success, as many of you know, by now, this has really been our complete, complete focus sense. I don't know, definitely the beginning of December. Wouldn't you say John? Absolutely. Yep. And so it continued in January with the exception of hosting some company here in Puerto Rico, which was awesome. And spending some time with your family, John who's here, and that's been so great.
3 (17m 43s):
We've been pretty heads down at making sure that everything is in place for a successful launch of this book. I mean, I really don't feel like I could fully encompass what that includes because we've got a lot of moving pieces, but just to break down a few of the things that we have going on, and that we've focused on in January specifically was regular communication with our book launch director. Who's Amber Vilhauer from NGNG Enterprises. Her and her team have been amazing at helping us get up our pre-order pages, our influencer support pages, our bonus download pages. We'll be talking a little bit more about the pre-order bonuses that we have put together in a few minutes also regularly communicating with our team over at HarperCollins led by Sicily.
3 (18m 29s):
We actually just started weekly calls with Sicily to talk about like where our numbers are at, where we should maybe kind of shift our focus, looking at the strategies that are working for us really, really well, which John, I think it would be awesome for you to share. Absolutely. What's been going on with your calendar in that regard, because just today on the, on the line with Sicily, we were kind of talking about the fact that you've been doing so many interviews on other shows and that's kind of starting to like, just roll out right now. Give us a little insight into that. Talk to us about that strategy specifically, guessing on other people's podcasts.
0 (19m 8s):
That's one thing that I've been focused on is being a guest on other people's podcasts over the last really three to four weeks, because I've built up a lot of reciprocity. I built up a lot of Goodwill over nine years and 3000 interviews, you know, having people on my show and now I'm like, all right, y'all it's time to turn the tables. Like it's time to get me in front of your audience, on your platforms, because I now have a message and a mission that I want to share with your audience with the world. Obviously, my zone of fire is podcasting is audio is, is video. Whatever you want to call it, just like sharing my message in a way that's, you know, as clear, concise, actionable. So I'd love to come on and talk about these things specifically, this, the common path to uncommon success, specifically the 17 step roadmap to your financial freedom and fulfillment.
0 (19m 56s):
Let's break down these 17 steps. Like let's go through what this revolutionary roadmap is that I created in this book and these 71,000 words. And so, man, I've just gone out. I've reached out to all of my contacts, one by one individually individual emails with basically three requests. One is, Hey, I would love for you to buy a few pre-orders of this book on Amazon. Cause that helps so much. So anybody listening, I would love for you to do the same. Number two, we have amazing bulk buys and we'll actually get into a little bit of our bulk buys coming up here in a minute for the listeners here, but is, you know, as far as my influencer list that I was reaching out to, I asked them to look at our bulk buys and see if any made sense for their team, for their audience.
0 (20m 39s):
And then number three, get me on your platform. I would love to get in front of your audience and just share massive value. And I have an incredible call to action, which of course we'll be talking about more in detail later, which are the five incredible bonuses just for pre-ordering your single version as is as little as one, hopefully three or five, but as little as one, pre-order $17 for Kindle $26 for the hard cover one pre-order I'm going to ship all three of my journals to your Jor, the freedom, the freedom mastery and podcast journal. If you're in the U S digital version on the outside, we'll get into the other bonuses in a minute here and more details on all that. But I'm letting the know that like, Hey, it's not about just getting on and talking about the book or pitching the book, like let's do real valuable interviews and then we'll give a call to action at the end of the show, you know, and we'll make it, we'll make that happen.
0 (21m 27s):
So it's been a blast. You know, I'm averaging about 40 interviews per week right now. And it's no small feat, but I feel, you know, I feel like I've been practicing for nine years for this. So for the next 45 days, I'm just going all out and pre-sales are looking great. Bulk sales are looking great, but fire nation, if you're listening to this and you're not one of my pre-sales right now, please become one. Please let me ship you all three of my journals to your door. Please take advantage of these other four bonuses we'll be talking about because we want you to have this book in your hands as soon as possible when it launches on March 23rd, and we want your pre-order now.
0 (22m 8s):
So that was just a little, probably too much of a teaser, Kate, but I'll pass it back to you.
3 (22m 11s):
Yes, that was a little bit, but, but this is great because not only do we talk about like the, you know, our desire to see fire nation, come out to grab their pre-order copy to get these incredible bonuses, but everybody tuning in knows how important visibility and reach is. And that's exactly what these interviews are allowing you to do. You know, we can definitely like jump on the entrepreneurs on fire podcast. I could get on my podcast and, and record episodes. We can send out emails to our email lists. We could share it on social media, but like that's our platform. That's our reach. So you getting on these other podcasts as a guest and being able to share your message on their platform is helping our reach just the same way that every time somebody goes uncommonsuccessbook.com.
3 (23m 2s):
They're not only supporting you and this launch, they're supporting their own entrepreneurial journey because of this massive, amazing 17 step roadmap to financial freedom and fulfillment. And you're also helping us get it into the hands of so many more people who we know that it can help because of that visibility. Because when that gets searched on Amazon, when pre-orders get placed, Amazon takes notice of those numbers. They start to promote the book more. We grow in the rankings and amazing stuff happens. So yeah, it's just been really cool to start these weekly calls. So, so I'm going back to the weekly calls with our Harper Collins team, because today we were able to very specifically identify that in the last we've had a huge, you know, uptick and sales through uncommonsuccessbook.com.
3 (23m 51s):
And those are greatly attributed to these interviews on other people's podcasts, starting to roll out. So really awesome stuff. You have just been crushing it. I mean, nine years of practice, you've done this a few times, but I mean, there's probably a lot of people tuning in who feel exactly the same as it. You're like, wait a second 40 interviews in a week. I thought you were going to say like this year 40 interviews in one week and that's it
0 (24m 18s):
Every week now like that in the foreseeable future.
3 (24m 21s):
Well, and you know what, actually, another thing I want to add in here right now is Fire Nation. It doesn't always have to be perfect and you're not going to know everything from the start and you're not going to get it all right. The first time. And a perfect example of that is that we have an email opt-in on uncommon success, book.com, where people enter their email address, and then we provide the different options for where you can. Pre-order the book. And the reason that we're doing that is because we want to make absolutely sure that we're going to be able to deliver the pre-order bonuses to you. If we just give the links for people to go to the sites to buy it, then it's kind of like, wait a second. How do I get my bonuses? We have no way to get in touch with these people because they're buying the books on different platforms.
3 (25m 6s):
And so that's why we put that email capture in place right there so that we have a way to say like, Hey, thanks so much for your interest in pre-ordering the book. If you actually did go through and pre-order the book, here's your next steps hit reply to this email, attach your receipt. We will send you your bonuses. And I think I was like, maybe just a week ago, John, maybe two weeks ago, you were like, Hey, we need to update this email because I think an amazing question to add to it would be, where did you hear about the book? There's just a super small tweak that we made to that email. And now you're getting responses from people and finding out exactly where people are hearing about it. And in the last week alone, I know that you've been saying, you know, so many people are replying like, Oh, I heard about it on so-and-so's podcasts.
3 (25m 50s):
Or I heard about it in so-and-so's social media or heard about it here or there. So it's just really great information and data for us because then we know what's working. We know that all these podcasts interviews are working because people are coming and telling us like, Hey, this is where I found out about you. Absolutely.
0 (26m 8s):
100% learning, some unbelievable information about number one, where people are hearing about the book, number two, why they're buying the book? Like what is the reason? And I can tell you one of the things that's really coming back to me over and over again is reciprocity like so many people's responses. John you've just given me so much value over the years that like, even if this book sounded terrible, I would buy it just to support you in this way. And you know, most of them say, listen, it sounds awesome. But listen, even if it sounded terrible, I would buy this book. And like, that is so powerful. So what are we getting into next? Kate talking about these bonuses you call it.
3 (26m 44s):
Yeah. I mean, I have so many other things that we've been working on, but just, I mean, you get the jest up, a lot of communication with a lot of different teams and a lot of follow-up and a lot of tracking and a lot of figuring out what's working and doubling down. Of course, as we get closer to the book launch, which is now as we're recording this just like under a month and a half away, which is wild, we're really starting to focus on focus in on deadlines. Like, are we hitting our deadlines? We need to have, you know, better idea of numbers, better idea of how many we're going to. Pre-order better idea of, you know, all this stuff that when it comes to shipping a physical product are very, very important things.
3 (27m 27s):
So yeah, John let's, let's run through those pre-order bonuses. And let me just preface this with these bonuses, aren't always going to be available all the way up to launch. So if you are hearing these bonuses right now, they are still available. But if you're listening to this, even the date after this, actually, I mean, one of them might be going away. Your AMA John. Oh yeah. So I mean, definitely if you haven't pre-ordered yet, if you haven't gotten your hands on these bonuses that John's about to break down for you be sure to head over to uncommonsuccessbook.com lock in your pre-order at lock in these incredible bonuses and in advance.
3 (28m 11s):
We so appreciate your support. So John, let us know what those bonuses are. Bonus.
0 (28m 17s):
Number one, that's the journal trio. I won't go into too much detail cause you guys already have heard me talk about this. That's the freedom journal mastery journal and podcast journal shipped to your door. If you're in the US our beautiful digital pack, if you're outside of the US we're talking immediate access on the digital packs and immediate shipping on these journals, like when you pre-order the book today, you filled the form with your address. We ship you these journals today. Like we have our team on it shipping every single day. So the freedom journal accomplish your number one goal in a hundred days, it's amazing the mastery journal, master productivity, discipline, and focus in a hundred days amazing. And the podcast journal creates and launch your podcast in 50 days, going from idea to launch.
0 (29m 1s):
And we're just talking 50 days. So that's the powerful bonus. Number one, number two, alive. Ask me anything we're going to get on. You're going to be able to ask me any questions you might have about your journey, questions about you name it. I'm answering it's bonus. Number three, we have this last content episode that Kate and I created it's over an hour long. It's amazing as a behind the scenes interview about the journey of launching this book, the common path to uncommon success, so much value there. And if you've ever thought about writing a book, you need to listen to this number four, the common path to uncommon success, downloadable PDF workbook. This is a crucial companion guide to ensure your success. Kate has been working her booty off on this.
0 (29m 42s):
You need to have this companion guide to go with your book period. And then you can just kind of make fun of everybody who buys March 23rd and later who doesn't have it because life is going to be tough for them. Bonus number five, video interviews, where I actually interviewed a lot, almost all of the 17 all-star entrepreneurs that were featured in my book, the common path to uncommon success, and they share some bonus content not available in the book. And they're video interviews only available as bonuses. And we do some kind of cool funky things as well. So definitely check out those bonuses, uncommon success, book.com. And let's maybe chat briefly actually, before Cape, we talked about the bulk orders or book offers any a thing you want to mention about the bonuses,
3 (30m 26s):
Not just that they are incredible, and I want everyone to get their hands on them. And the fact that you get all of them just for pre-ordering a single copy. I know it's kind of blowing my own mind. And I'm the one that helped you create them
0 (30m 41s):
Talking about our bulk orders and offers right now, 12 books you can get. And that's our, what shaken fire nation package. And that's gonna include something very awesome. And we're doing a virtual events where we're going to have a lot of the 17 entrepreneurs that we're on. Come on in here. And he ordered 30 bucks. You're actually going to get that plus access to my top two courses for free for six months. That's Podcaster's paradise and real revenue, which you actually get for life. Plus you get a free copy of the audio book of the common path to uncommon success, order 75 books. You're going to get that. Plus you're also going to get my top two courses for actually 12 months for paradise and again, lifetime for real revenue.
0 (31m 23s):
And then that just gets bigger and better from there. I'm not going to spoil everything. We're actually already sold out of one of our tiers of our bigger packages. So get over there and check it out because these puppies are hot commodities in that one of them is actually spending a whole weekend with myself and Kate's in Puerto Rico. We're flying you first class into San Juan, and you'll have a first class experience with you, and you will be able to bring your business partner slash significant other as well. So check it out. It's quite awesome. EOFire.com/bulk. All right, Kate, how we bring in this home, right.
3 (31m 60s):
Well, I mean, I just want to add here, John, you don't do one-on-ones with people any longer. You don't have coaching packages. You're the mastermind is not currently running right now. If anyone's tuning in right now and things like, man, I really wish I could get jailed these mind on my business for just like an hour would be such a game changer, or I'd really love to work one-on-one with John to formulate my podcast idea and just make sure I'm on the right track. Like our bulk buy packages, have those options included in them. So if you're thinking like I would really love to work with John one-on-one, but I know he doesn't do that anymore. This is a very unique experience for you to get that one-on-one time with John with these different packages that we have laid out.
3 (32m 45s):
So even if you're thinking like I don't need 75 bucks, I don't know what I would do with 75 bucks. Kind of keep in mind what you're getting along with that package and head over and check them out. See if one's right for you. Boom.
0 (32m 59s):
Can't say it better myself. Let's move into January 2021s, income breakdown for product and service. We generated a cool $181,741. We sold 496 journals. We couldn't quite get to 500 journals. Well, geez, actually let me look. No, no, I'm, I'm reading that wrong. I a total of 1,006, so that's crazy. So 1006 journals were actually sold. So that's well over the number I initially said, but we had 170 journal sale journal trios, which are our bonuses, plus 496 journals for a total of 1006 journals being shipped out to you.
0 (33m 39s):
Fire nation, the freedom journal, we did 367, the mastery three 26 and the podcast three, one three paradise brought in $18,000. We welcomed 18 new members into our fold podcast, sponsorships $83,000, obviously silly, massive revenue generator for us in our bulk buy packages brought in over $62,000 total. So like I said, those bulk buy packages are getting scooped up and getting scooped up. We did some good revenue for affiliate income. We did over 13,000 with ClickFunnels. We did knowledge broker blueprint, still paying out Tony Robins course, $543 Libsyn 872 listed out every single one of our affiliates income.
0 (34m 28s):
Plus our expenses were $19,269. So not insignificant. You can check those out over at eofire.com/income, 90 and Kate total net profit for January, 2021 was a big, big number. It was $177,599. And we are talking about how your health is everything as we take this home. Yes,
3 (34m 59s):
John, I definitely know I've been here before perhaps many people tuning in have as well when you kind of stop. And you're like, wow, I have just way over committed myself. Or you kind of start to feel like you are trying to be in way too many places at once. And I know for me, when I hit those moments where I know that I've over committed or I'm trying to just like do the work of multiple people, be in too many places that once this is not working for me right now, I know this. And you know it too. We know that when we overwork ourselves that our health and our well-being suffers.
3 (35m 39s):
And I guess what stood out to me most this month is that I know that, but I wasn't actually honoring it. And I came to realize that the more that I can remind myself of how important my health and wellbeing are, then the better I'm going to be at honoring it, because it's really easy to say, like, no, it's okay. I'll be able to make it happen. No, it's okay. I could do it. No, it's okay. Like, yep. I'll be there. Yes, yes, yes, yes. Yes. Because a lot of these opportunities and things that we commit to, like, they are things that we do actually want to do, but you just can't do everything and saying no to the things that suck your energy and not over committing to the point where you're just exhausted and never have time for yourself.
3 (36m 25s):
You know, that is so oftentimes all it is. We just have to remind ourselves of what's most important to us. And if we don't, even though we know that over committing and being, trying to be in too many places at once, that it will cause, you know, exhaustion and overwhelm and all of these things can be really easy to just kind of forget that because we get on that train of saying, yes, we get on that train of feeling like, yes, I've got this. I can do this. What I found in January is that really all it takes is five minutes a day to remind yourself of five of the most important things in your life.
3 (37m 6s):
Super simple exercise, right? So try this tomorrow, try it today before you end your day, depending on what time you're listening to this episode, either sometime today, tomorrow morning, take five minutes to write down five of the most important things in your life. And then I want you to remind yourself and recognize throughout the day, whether or not the things that you're committing yourself to your time, to your energy, to your bandwidth, to your love, to your it, everything too. Are they in alignment with the five things that you told yourself today are the most important things in your life? And if they're not really continue to remind yourself of these things every single day, and I highly encourage you to commit to this, commit to it for the next 30 days every day, five minutes, write down five of the most important things in your life and keep those things top of mind throughout the day and make sure that how you're spending your time, what you're giving your energy to, how you're sharing your love, that is in alignment with those five things that are most important to you.
3 (38m 12s):
And I can promise you you'll be amazed when it comes to making decisions and honoring what is most important to you.
0 (38m 19s):
Fire nation, we will catch you on the flip side. Flippa is the world's leading marketplace to buy and sell digital real estate, including websites, e-commerce stores, SAS, businesses, apps, and other online businesses get access to a free instant valuation plus insights on how to improve scalability for your business at flippa.com/fire. Hiring is challenging, especially with everything else you have to consider today. But there's one place where hiring is simple, fast and smart. That place is zip recruiter. Try ZipRecruiter for free at ziprecruiter.com/fire that's ziprecruiter.com/fire ZipRecruiter.
0 (38m 59s):
The smartest way to hire.
Killer Resources!
1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!
2) Free Podcast Course: Learn from JLD how to create and launch your podcast!
3) Podcasters’ Paradise: The #1 podcasting community in the world!