28: Starting an EIGHT FIGURE Business on CREDIT CARDS with Dr. Mike DiMarco
The Chris Harder Show
Chris Harder
4.9 • 1.5K Ratings
🗓️ 12 June 2017
⏱️ 33 minutes
🧾️ Download transcript
Summary
Like a lot of us, Dr. Michael DiMarco started his career in jobs that didn't serve him (or the people he was supposedly serving). Looking back, he's now grateful that being fired from those jobs was just one of the things that needed to happen for him to start pursuing his own dreams.
"Everything is a little nudge pushing you to where you're supposed to be."
With an ongoing interesting in both body building and lifestyle health, Michael took charge and started to create the life he wanted. And because he had a passion for helping others in the body building arena (especially those who were the victim of crappy supplement sponsorships), he also co-founded the thriving supplement company, Shredz. The company passionately believes in selling quality products in addition to providing educational information on lifestyle.
Let's back up a sec here though… Did I mention that Shredz was originally started on a $15,000 credit card? While for some this would lead down a road of disaster, Mike's upbringing taught him to be responsible and he made it work. He and his found started out with the basics – finding a manufacturer and starting small so they didn't go further into debt. And over time it's become a success story – now an eight-figure company and growing.
But even with Michael's wild success, he truly believes that his success has never been about the money.
"Money isn't the goal. Put yourself in the consumers' shoes and think about if you're adding value their lives."
Sure, if your short-term goal is to make a lot money, you can deceive and tell people want they want to hear with zero follow-through. However, if you want to make money and an impact for the long term you need to add value and do the things that fill your cup.
"If you want to have a great life and be fulfilled, you have to do the things that make you happy and feed your mission or purpose in life."
So what advice does Michael have for budding entrepreneurs? He encourages others to build a brand that everyone can identify with.
"You have to create a brand that connects."
Don't create a business just so you can see your name. Help as many people as you can, whether it's with that business or your day-to-day actions. It's not worth as much if the business is just about you.
"If you attach a purpose to your business or your business already has a purpose, that to me is the way to make an impact."
Whether through his own chiropractor practice or his company that helps people get healthy, Michael uses his wealth to do just that.
"Money and success allow you to amplify the impact you can make."
Message received loud and clear. If that doesn't inspire you to DO more, I don't know what will.
In This Episode You Will Learn:
Adding value to consumers' lives
Creating a brand that connects
Entrepreneurship
Purpose
Making an impact
Lifestyle
Resources:
FB: facebook.com/drdimarco
IG: @drdimarco
SoulAbility.com
SoulAbility Podcast:
https://itunes.apple.com/us/podcast/soulability-podcast/id1242562932?mt=2
For more stories and tips on becoming unapologetically wealthy, follow me @Chriswharder on Instagram and check out fortheloveofmoney.com.
Transcript
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| 0:00.0 | Welcome everybody this is for the love of money where we are making you |
| 0:08.6 | unapologetic about your pursuit of success by sharing the tools, tips, and stories of those who have already made it. |
| 0:16.5 | My name is Chris Harder, and each week I will bring you incredible guests |
| 0:21.2 | in order to prove that when good people make good money they do great things. I'm so pumped for today's episode with Dr. Mike DeMarco, one of my buddies, one of my friends. Now check it out. Mike is the co-founder of an eight-figure supplement company that is very well known and they founded this |
| 0:45.3 | company on just a couple of credit cards. Matter of fact he goes deep in talking about |
| 0:49.8 | how to grow a business quickly without over leveraging yourself and over borrowing. |
| 0:55.0 | And he even talks about leveraging your business using social media and word of mouth, |
| 1:00.0 | and then he talks about how to move on from a partnership that might not be serving you and how to make sure you are always living your passion. |
| 1:07.4 | Mike is full of amazing knowledge. He's full of great tips and tricks. |
| 1:12.2 | So let's get started. Let's go. |
| 1:18.0 | All right, Mike, thank you so much for being on, man. I feel like it's just a few days |
| 1:21.6 | that we were hanging out. |
| 1:28.2 | Dude, it was a few days ago it was a few days ago. So I want to dive right in you've done so many epic things in the business world and and you've done them not only in a short period of time |
| 1:34.2 | but you've done them multiple times and there's so many bits and pieces that we want to |
| 1:40.6 | pull out of that so you open you game? Yeah absolutely. All right well let's start with the |
| 1:46.7 | one that maybe people know the best and that is the huge eight figure supplement company |
| 1:52.1 | called Shreds. Now you're one of the co-founders of that. |
| 1:54.5 | And a lot of times you know the guy named Arvin he kind of gets a lot of the media |
| 2:01.0 | around being one of the co-founders but you were right there from day |
| 2:04.6 | one getting that thing off the ground so once you paint that picture for us how did you guys |
| 2:08.0 | get shreds off the ground? I mean he is a CEO so obviously people should know about him. |
| 2:15.0 | And huge start, huge from the start, right? |
... |
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