← Right About Now - Legendary Business Advice
Right About Now - Legendary Business Advice
Resilience, Reputation, and Real Lessons in Entrepreneurship with Anik Singal
00:16:54
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- [00:01]
A
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All generations, millennial and below will much rather pay more money to buy the same product that they actively know they can buy for cheaper. But they'll pay more money because they have the connection they feel to the brand because of how much they believe in the brand and what the brand stands for. That message, the word I'm coming out here is community. It's brand building. And this is not something traditional direct marketers are aware of or even know. I could not be here in front of you today if it wasn't for the brand I built. This is Right about now with Ryan Alford, a Radcast Network production. We are the number one business show on the planet with over 1 million downloads a month. Taking the BS out of business for over 6 years in over 400 episodes. You ready to start snapping next and cashing checks? Well, it starts right about now.
- [01:23]
A
What's up guys? Welcome to Right About Now. It's always get things right. Speed is time and money. You got to go fast. That's why we're all about now. I wouldn't call myself the chief compliance officer. I would probably not say that, but after reading this guy's story and after you hear today, I might be complying a little more than I want. We got Anik Singh. What's up? On it.
- [01:43]
B
Hey man, thanks for having me. Appreciate you.
- [01:44]
A
I kind of a rule breaker, but I don't really want to deal with the ftc. Let's set the table for everyone. Onyx on who you are and how you made the wrong kind of history.
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B
Started doing online marketing when I was still in college. Wanted to be an entrepreneur, man. I didn't have any money. I turned to Google and I typed in how to make money and Google thankfully filled in online for me. And I was like, huh, that's interesting. What a concept. And I went through all of the different little envelopes, stuffing, survey answering, bullshit options and found my way into a forum that talked about selling PDFs and selling information. Here's the thing. I was on a full scholarship and it was in an amazing program. Every time a new semester came, my friends would spend three to five thousand dollars on textbooks. We pay for education since we're kids. The value of education is important. It made sense to me. I was like, huh, this looks like a legit opportunity. Get rid of the middleman, the person who's actually doing with the person who wants to learn it. Charge commoditize education. 50 bucks. 100 bucks. This is amazing. Like this makes sense to me. Problem was, didn't know what the hell I was doing. Didn't know how to build a website, didn't know how to write, didn't know how to do any of this crap. And so I'm on this forum and I don't have any money. And back then we didn't have all these podcasts and coaches and courses and YouTube and I had to spend money to hire someone to help me and I didn't have it. To piece it all together. 18 months, struggled my ass off. Finally something worked. It was SEO, affiliate marketing, then email list building and then course publishing. I made my way through it and by the time I graduated I was on pace to do over a million dollars within four years. While I was in college, while I was working a part time job, my first college football game I ever went to homecoming after I graduated. So when I was in college I did not go to frat parties, I did not go to college games. I was working hard, man. I was studying and I was doing my part time job. When I graduated I had offers from Morgan Stanley, JP Morgan and Charles Schwab to come investment bank in New York. I literally was living the dream that all my friends were dying for. And I said no to all the jobs because I wanted to do this. Built my business up. I've had near bankruptcies multiple times now three times. That's the magic number. So I'm done. I've been tested. The magic number for a lot of billionaires is they've almost everything. Three times. So I am good universe, hear me out now. I'm done with this. I don't want anymore. I've been up and down. I've traveled the world. I've spoken on stages for Tony Robbins, Grant Cardone. I've partnered with and been business partners with Robert Kiyosaki, Bob Proctor, Les Brown, Damon John from Shark Tank. Wrote the forward to my last book Escape. I've made a movie. I was, I was joking with you. I mean I'm on IMDb. I made a freaking Bond spoof film with a crew of 120 people where I conducted stunts. I was actually going to do massive stunts, but I ended up having a problem and had to get surgery the week before. So it was either delay the entire shoot, which I didn't have the budget for, cut out the stunts and do some really stupid shit and make it look like I'm doing stunts. But I've lived a really full life. I always joke and say I'm 41. I feel like I've lived at least normal person's two or three lifetimes, built my comic, done a couple hundred million dollars worth of sales online now and built my business at its peak was going to do 40 million. And we were weeks away from selling. Due diligence was complete and my dream was to sell a company by the time I was 40. I was about to do that. I was 39. It was really hard, man. When I started 20 years ago, my hypothesis thesis in life, I was so appalled by the idea of someone having a job, it didn't make sense to me. Why would anyone do that?
- [04:41]
A
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- [05:43]
B
my thesis when I graduated college, when I hadn't really met life yet, was everybody should be an entrepreneur. Everybody. And 20 years later, I stand before you and I'm saying 99.8% of the world should never be an entrepreneur. It's just not for everybody. But for me, it's the only path. I just. I can't see any other way. And so I love what I do. It comes with some really, really Bad. Really, really hard, trying, tough times. But I take it all in strides. I like it. And today I really feel like the don'ts and the do's is like, look, when everything was going exactly as it should, building that company for 20 years was the hardest thing I've ever done. I tell people this analogy. Imagine you've been training for the Olympics for 20 years. You get into that, you're running, you're in the race, you're ahead. You're about to win everything you've dreamt of. Every broken bone, hard work, br every morning you Woke up at 4, every shameful thing that happened, embarrassing thing that happened. You're two steps away from crossing the finish line and you will be the gold medalist winner. Your life's dreams will have come true. You trip, you fall, break your ankle. Not only do you not win that race, you can't race for another two, three years. And when you come back, the doctors are like, you're gonna have to retrain this entire ankle. You're back to where you were 10, 15 years ago. Do you still want to win the Olympic medal or do you want to give up on it now? And that's what happened with me. It was a hard reset in my life. I lost the acquisition, I lost everything. Done it all, built it all, done crazy things. I've traveled the, lived in other parts of the world. I'm an experience driven person, so I'll do stupid things just for the experience. I have zero regrets. People always ask me, what is it like to be sued by the ftc? I always tell people this. There was a period of my time in my life that I was in the ICU. I was in the ICU for 92 days. I was losing two pints of blood a day. So every day they had to infuse me with two pints of blood. I have a condition called Crohn's disease. It got out of control. My intestines were literally eroding and I was flat on a hospital bed in the icu. I almost got kicked out of a hospital because I refused to stop working in the icu. I would get blackberries. IPhones didn't exist. I would get blackberries snuck into the ICU by my team members. I did a product launch from inside the ICU when I was dying because I was like, as long as I'm breathing, I don't give a if I'm breathing. I'm fighting. There's no excuses. And that kept me alive. I'm in the icu. I'M flat. What happened is if they even put my hospital bed up, if I was to sit up, my heart rate would spike to 180. They'd have to put me right back down. For three months I was flat, couldn't get out of bed, couldn't walk, never walked, nothing. I was in really bad shape. Three months later they basically said we don't have an option. We have to do a very, very large surgery on him. 10 hours minimum. And they told my family 50, 50 if he wakes up. Like we just would not be surprised. His body is super weak. We don't know. I did obviously wake up and went through hell. Had to set up a makes hospital, my parents basement. Took me two months of physical therapy just to be able to walk up the steps again because don't use it, you lose it. I lost my legs. Six months after that, had to have surgery again. A month after that surgery I was back in the ICU for 30 days. Had to have a third surgery. That was a really hard year of my life. Being investigated by the FTC for 18 months was harder. And I say that looking you dead square in the eyes. I'm not trying to make stuff up. I took what is the hardest part of my life, the most tragic part of my life, the most painful part of my life, the part that of most people, everyone has something like this in their life. Could have gone through a nasty crime, divorce, you could have gone through, lost something or someone or God. There's anything. And what we tend to do is we tend to compartmentalize it, build a membrane around it, put it away and say I don't want to touch it, I don't want to see it. But it lives there. It's that little demon that sits there and it eats at you. You can't ignore, avoid it. So for me it was like I'm not, I'm front and centering this thing. I'm going to live it, I'm going to experience it. And what happened in that was it ended up becoming my mission. So I turned the most tragic thing in my life to now what looks like is will be the greatest victory of my life because I wasn't going to let it sit there for my ent and be this thing, this dirty thing that I don't talk about or I don't deal with. But I was going to instead turn it into the best thing that's ever happened to me. It's a little thing I want everyone to think about right now. They can walk away with something today. Right now? What is that little demon you've hidden away? What is that thing that aches you, hurts you, that triggers you, that you've put away? And how could it serve you rather than hurting you? Anyways, that's my monologue. Thanks for coming to my TED Talk today.
- [09:37]
A
Hey guys, if you've ever built a website before, you know how quickly it can turn into a time suck. Recently I've been playing around with wix's new hybrid editor called WIX Harmony. You basically start by telling it what you're trying to build. You prompt it to generate a professional grade site just like you want it. And here's the part I like. You can easily go back and forth between AI and hands on editing whenever you want. The AI agent Aria is an expert in website design and business. She can answer questions or perform direct actions throughout the process, which has been huge for me when I'm trying to perfect the look of my website. We've also got built in tools for selling, bookings and marketing. Pretty much all the stuff you actually need once the site's live. If you're building anything right now, a side project, brand, business, whatever, WIX Harmony honestly makes it easier to get out of your own way and start making stuff happen. Go to wix.com harmony that's wix.com harmony. Start your website today as being one of the top copywriters and information marketers ever. It's been an interesting 10 years in the space with selling, information, coaching, all that stuff. What's changed? What's the same in that space, what you saw and what were some of your biggest successes in information marketing?
- [10:59]
B
We are due for a shakedown. It happens in every industry. It's not unique to us and I've already lived through two of these. The last shakedown happened between 2010 and 2012. Quite frankly, we were about a couple of years overdue. Covid came in and did some weird stuff. It changed the timelines, otherwise we would have had an industry correction already. Now the shakedown, the way it works is too many people are teaching shit they shouldn't be. If you want to act as if for your own self, to give yourself encouragement and to give yourself motivation, like do what you want when it's just you. But if I find out that my math teacher is acting as if they know math and they don't and they're teaching me math like we have a problem, I'll never forget. I walk up to my Marketing 101 professor sophomore year. He was older, so I kind of Assumed that he might. He must have worked as vp, CMO of marketing for big companies. And now he's retiring and he became a professor. Went up to him, I said, hey, what companies have you done marketing for? And he starts telling me a list of companies he's consulted. And I said, no, I was curious, like, where have you worked? Where have you led? And turns out he was a 35 year professor. He's never actually had a job in marketing. I didn't even come to class after that. Honestly, I was so turned off by the whole thing. There's a lot of that going on right now in the industry and there was a lot of it going on back in 2008, 2009, when the economy takes a weird hitch. And I'm not here to say that the economy is going down because that seems to trigger half the people. Can we all agree on one thing? We're in a conflicted economy. Which means half of the world's like, dude, we're in a shit show. The other half of the world's like, this is. I've never seen anything better. Whether it's today, a year from now, five years from now, there's going to be a correction. Has to be that market's going to go down. It has to. It's actually healthy. It better correct. Otherwise we're in for a really big problem later. So given that fact, we know we're going to go through this, we might be in it now, we're going to go through it soon. Now what happens? The demand pulls back. The amount of money people are spending on stuff pulls back. But you've got an oversupply of coaches and trainers and educators because they sprang up during like all the pandemic time. Generally they spring up. Now we got worldwide, India, it's like growing like weeds in Asia. Coaches and course sellers. So we've got more options, more people and it's driving prices down. It's just weird. What's happening though with the increase in demand. Cost of advertising is going up, pricing is coming down, demand is pulling back from the consumers. It's creating a complete constrained. Businesses are going to fall apart. And so it's a shakedown. What happens now is all the people that really aren't here to be here, that know what the hell they're doing, that aren't doing this out of a grudge. It plays a passion. People always tell me like, I'm like, I haven't made shit from this guys. This whole mission. I am in the hole by over a million maybe $1.5 million. That's right. I know I'm not making that up. I could substantiate this. I'm not in the business of making crap up. I already got sued for that crap. It's my passion that drives this. I want the message out, and I firmly believe that it'll come around and I'm the right person to teach us. I got some other marketers right now that are trying to come and teach FTC stuff, and I just sit there, pat them on the head and say, this is so stupid. You can't. You don't have the story, you don't have the experience, you don't have the connections, you don't have the knowledge. So I'm seeing a lot of that in the space and saw it before and it cleaned itself out and it's going to happen again. As far as what's working, there's one big difference between what worked 10, 15 years ago and today. One big difference in the info space, and that is how people convert 10, 15 years ago, good copy, sexy copy, video sales page was enough, people came and read it. Today, it's kind of irrelevant. We're in a very communal consumer base now, especially with the younger audiences growing up. It's been proven, Studies have actually proven that all generations, millennial and below, will much rather pay more money to buy the same product that they actively know. They can buy for cheaper, but they'll pay more money because they have the connection they feel to the brand, because of how much they believe in the brand and what the brand stands for. That message, the word I'm coming out here is community. It's brand building. And this is not something traditional direct marketers are aware of or even would not be here in front of you today if it wasn't for the brand. I built always focused on my brand. It cost me millions. I made a lot less money. But I stand before you today in the same industry, tall, proud, chin up, and nobody in the industry persecuted me for what happened with the ftc. Otherwise, for a lot of people, that's a kill shot. They're done. They disappear. I stand in front of it all. Why? Because my reputation spoke for itself. I had taken time to build the brand. If you're doing information marketing, you're a coach, whatever, first and foremost, change your windows. You can't focus anymore on converting. Same day, next day, you've got to do 30, 60, 90 day windows. You've got to do content marketing. You have to win people over with your substance and that's where the shakedown is going to happen, because the people that are acting as if have no substance. The market's going to weed you out. They're going to see right through it. For an information marketer, what are they doing between the time that they're pitching you? How are they serving the community? What is the information? And most people are just not willing to put that time in. They're not on to every single chat in their Facebook community. They're not going to put out podcasts like you do. This isn't easy. People think we just spring up. We had to connect, we had to schedule. You went through a hurricane. You got a studio, you've got team members. You had to take time away from your schedule. You barely got a chance to eat lunch. That kind of dedication, Ryan, is what it takes today. You didn't need that 10, 15 years ago. You just glide through.
- [15:57]
A
As we close out here, onyk talk about how you've turned it into a positive and all the stuff you're up to.
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B
We are a culmination and a collective of all of our experiences, not just the good ones and the things that hurt and the bad ones. Not one person has won the Olympic gold medal without losing a shitload of races, bruises, broken bones, pain, crying, sacrifices, and tough times. No one. You want to be great, you got to deal with what the greats deal with. What can you do? How can you turn your greatest tragedy into your greatest victory? For me, I've turned it into my message. I'm out there on every day trying to do a podcast, talk to people about it. I wrote a book about it. We built an academy that people are loving where we train and teach people about it. I'm speaking on stages, I'm traveling around. And we built an AI powered software that I've invested almost a million dollars building that is now being prospected by some of the biggest companies in the country because it does something that nobody else does. God forbid that software takes off could possibly be worth hundreds of millions of dollars one day. That's the kind of opportunity that in the tragedy that you obviously survived and in surviving that, what did you learn and what did you pick up that could help others? What would you have wished existed for you that could have helped you avoid that tragedy? And you've got yourself a potentially huge idea that allows you to be of true service. That's my positive message. If you want the book, don'tsay that dot com. And if you want to check out our software just because you're curious. We have a demo and you can use it for free. We have a 5,000 word free limit. Just go to complyly C O M P l I l y.com and when you go to don't say that you'll see a podcast. We're all over social media stuff. I was the marketing guy, I was the email marketing guy and believe me now, there isn't a single day that I'm not tagged at least six or seven or eight times on Facebook about compliance related matters. You can pivot yourself and your brand very quickly if the message is loud enough.
- [17:34]
A
With all the AI, all the technology, all these conveniences and seemingly technical things, the best things come down to being human. And that's what you are, brother. Thank you.
- [17:45]
B
Thank you.
- [17:46]
A
Hey guys, you know where to find us. Ryan is right. Com. That's not just hyperbole. It's not just a claim. It can be proven most of the time. Out of all the highlight clips, you'll find links, stuff and go check out don't say that. We appreciate you for making us number one and we can claim it. We'll see you next time. All right about now this has been
- [18:06]
B
Right about now with Ryan Alford, a Radcast network production. Visit ryanisright.com for full audio and video versions of the show or to inquire about sponsorship opportunities. Thanks for listening. The American Express Corporate Program is more than a card. It's a complete solution. Apply for the right card for your employees, from everyday spenders to frequent travelers. Issue virtual cards to suppliers or project teams for added security and flexibility. Simplify accounts payable with American Express OneAP helping your company automate supplier payments. The American Corporate Card program grows with you. Terms apply, enrollment required and fees may apply, including an auto renewing monthly platform access fee. Suppliers must be enrolled and located in the United States.