Quit Stalling and Build Your Brand. You Don't Need an MBA to Crush It In Ecommerce with Ben Leonard
Oct 10, 2023
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Ben Leonard, built a multi-7-figure brand on a laptop in a cupboard and exited for life-changing money. Learn about starting small and going niche, the misconception that entrepreneurs need experience, the importance of solution selling and branding, understanding customers and social proof, and accessing exclusive bonuses.
Starting small and niche allows entrepreneurs to become the number one solution to a real problem, resonating deeply with their target audience.
Treating a side hustle like a startup from the start sets the foundation for long-term success and requires managing time effectively and tracking profitability and cash flow.
Deep dives
Building a Brand: Starting Small and Niche
The speaker emphasizes the importance of starting small and niche when building a brand. Instead of thinking big right away, it is recommended to focus on granular aspects and address specific pain points within a niche market. By going small, entrepreneurs can become the number one solution to a real problem, resonating deeply with their target audience. The speaker also emphasizes the need to deeply understand the target audience, their goals, values, challenges, and pain points. This understanding helps in creating products and content that align with the audience's needs and establishes trust.
The Journey from Side Hustle to Business
The speaker highlights the importance of treating a side hustle like a startup from the start. Even though it may begin as a part-time endeavor, it is crucial to take the business seriously and allocate dedicated time and effort towards its growth. An emphasis is placed on managing time effectively, knowing and understanding the numbers, and keeping a close eye on profitability and cash flow. Taking the business seriously and adopting a startup mindset from the early stages will set the foundation for long-term success.
Branding and Marketing Strategies
The speaker discusses the significance of branding and marketing in building a successful business. Branding is about how the business makes people feel, while marketing is the vehicle to communicate the brand's message to the target audience. Understanding and deeply connecting with the target audience is essential, as it helps in creating effective marketing strategies and tailored content. Building a brand around something one loves is encouraged, as it allows for greater passion and resonance with the target audience. Additionally, the speaker advises entrepreneurs to focus on solving problems rather than just selling products, as the solution-focused approach resonates more with customers.
Ben Leonard built a multi-7-figure brand on a laptop in a cupboard! After 3 years he exited for life-changing money. He's here to teach you to do it too!
Top 3 Value Bombs
1. A brand is a group of products that solves problems for a particular group of people. That's really where we want to start. People first and then reverse engineer it.
2. Branding is how you make people feel, and marketing is how you tell people about it.
3. We should think of our side hustle as a startup, which, we've got to do this on the side right now because you’ve got bills to pay. But it's going to flourish into a fully-fledged brand and it's going to replace your income, replace your job, and eventually be able to sell it for millions of dollars.
Get Ben's book and get FREE Entrepreneurship Mindset mini course and e-commerce hacks e-book - Quit Stalling Build Your Brand
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