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356: 7 Lessons I Learned From Two 7-Figure Entrepreneurs
8th February 2024 • Selling the Couch • Melvin Varghese, PhD
00:00:00 00:27:41

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As I’ve learned and grown as an entrepreneur, I have tried to study and learn from those who are further along on the journey. I’ve come to understand that I can learn as much from their hard lessons and challenges as I can from their successes. Today’s session is based on a podcast interview I listened to a couple of months ago. It featured Ali Abdaal and Sahil Bloom, two online creators who have built 7-figure businesses and audiences of over 6 million followers. In their insightful interview done in two parts, they talked a lot about life and business; I’m sharing seven lessons I picked up from them that I’m implementing in my business and personal life. 

 You’ll Learn: 

  • 7 Lessons I Learned from Ali and Sahil:
  • Change the wealth scoreboard.
  • Don’t define self-worth based on net worth. 
  • A new definition of success bases “wealth” on health, relationships, and the time I have for the things I enjoy.
  • Set daily non-negotiables.
  • Live with intention by identifying 3-5 things that must happen each day for me to be at my best.
  • Friends over followers
  • The quality of my relationships greatly impacts my health. 
  • Schedule time to connect with genuine friends.
  • More growth equals more haters.
  • Sharing my message attracts people with a lot of pain, so I should default to empathy.
  • Don’t be a slave to social media. 
  • Be careful about posting pictures of kids and sharing revenue numbers. 
  • This is difficult to navigate while still establishing credibility and the human connection that people crave. 
  • Build micro-businesses.
  • These can generate cash flow with minimal involvement.
  • An example: having an in-house agency along with doing a podcast.
  • Connection over mass content
  • With AI, content is easier than ever to create, but connection and authenticity help others know, like, and trust me. 

Resources:

Visit https://sellingthecouch.com/upheal and enter the promo code “COUCH25” for a special 25% off a paid plan for the first 2 months just for STC fans.

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Course Creator Starter Kit

I know that many of us are thinking and planning for the upcoming year. If an online course is on your radar, I want to encourage you to download our free online course starter kit. It's a seven-day email course that will help you validate your course idea. Now, it's going to be 10 years for me as a course creator next year, and the validation part is the most important part of an online course. You can download it over at coursecreatorstarterkit.com.

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