On Your Terms® 53. The Millionaire Myth in Online Business
A lot of people throw around the word “millionaire” but when you look at the numbers it’s clear they are using a different definition of millionaire. My goal isn’t to trash talk business owners who call themselves millionaires, but to encourage you to be a savvy consumer—of both businesses and content—and to be aware of this when you’re looking at your own numbers and feeling like you’re behind.
In this episode, you’ll hear…
- 02:07 - Why this industry needs a reality check
- 11:29 - The difference between revenue and income
- 13:04 - Understanding net worth
- 17:17 - Not focusing solely on revenue
- 18:47 - Why you should hold your industry to a higher standard
In our review of the week, Karly Wannos says: “The BEST no fluff, step-by-step podcast for Entrepreneurs. Sam Vander Wielen’s podcast, On Your Terms, is an absolute must for all entrepreneurs. The episodes are not only interesting and inspiring but will walk you through step-by-step on what you need to know to operate as a small business owner or entrepreneur. This podcast and Sam’s Ultimate Bundle® takes all the guess work and stress away from protecting your online business. This podcast is a total game-changer for anyone looking to start, grow or scale a business in 2022."
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Click here to find the full show notes and transcript for this episode.
RESOURCES:
- Episode 48. Do You Need a Business Coach?
- Click here to watch the free workshop so you can get legally protected right now!
LEARN:
- Read Sam's Blog for the latest legal tips, podcast episodes & behind the scenes of building her seven-figure business.
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FAV TOOLS:
- Kajabi // use Kajabi to sell your course, program, or even build your entire website. Get a 30-day free trial with my link.
- SamCart // what I use for my checkout pages and payment processing and LOVE. And no, not because it’s my name.
- ConvertKit // what I use to build my email list, send emails to my list, and create opt-in forms & pages.
DISCLAIMER: Although Sam is an attorney she doesn’t practice law and can’t give you legal advice. All episodes of On Your Terms® are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The info you hear here isn’t a substitute for seeking legal advice from your own attorney.
AFFILIATE LINKS: Some of the links we share here may be affiliate links, which means we may make a small financial reward for referring you, without any cost difference to you. You’re not obligated to use these links, but it does help us to share resources. Thank you for supporting our business!
Mentioned in this episode:
Legal Workshop
Do you feel lost thinking about how to legally protect your online business? Head to mylegalworkshop.com to sign-up for immediate access to my free 1-hour legal workshop, 5 Steps to Legally Protect & Grow your Online Business.