AM 0003: How Are Information Product Sales Affected During an Economic Downturn, and What Adjustments Should I Make?

AskPat 2.0: A Weekly Coaching Call on Online Business, Blogging, Marketing, and Lifestyle Design

Pat Flynn

Business Advice, Marketing, Podcasting, Getting Started, Business Strategy, Business, Small Business, Passive Income, Online Entrepreneurship

4.9 • 638 Ratings

🗓️ 20 April 2020

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, I once again turn over the show to my business partner, Matt Gartland, who answers a question from Jay, who is in the health and fitness industry. Jay wants to know how the COVID-19 quarantine is going to affect his sales. How is this crisis going to affect consumers' incentive to buy, and how are consumer habits changing? Matt discusses how the health and fitness industry may be in a unique position to offer online services for people who are looking for new ways to exercise and eat nutritious meals while they are quarantined at home, and how Jay may be able to lean into that opportunity. If you enjoyed today's episode and you love the format of this show and helping other entrepreneurs, can you help me convince others to listen too? All you have to do is leave a quick review and rating on iTunes (and subscribe if you haven't already). That would mean the world to me, so thank you so much! See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	AskPath.
0:05.2	AskPath.com.
0:10.7	What's up, everybody?
0:11.8	Patflin here and welcome to yet another special edition of Ask Pat where I'm actually not going to be taking this spotlight here.
0:18.4	It's actually Matt, my C-O-O.
0:20.4	So yes, this is Ask Matt. Matt Gartland, my C-O-O. So yes, this is Ask
0:21.5	Matt. Matt Gartland, the C-O-N-C-F-O of SPI Media. He's my right-hand man. He helps get things done,
0:29.5	and he's awesome. He's a wealth of knowledge, and he's here to serve you, especially during this time.
0:34.3	We have a question coming in from Jay, who sent in a question to Matt
0:38.0	specifically, and I'm really excited to have Matt to answer. So you'll hear in just a minute,
0:42.4	Jay, with his question, followed by Matt and his response. And why are we doing this? Because
0:47.2	we're stepping up to share as many resources as we can from all the amazing people here on Team
0:52.4	SPI to help serve you during this time of crisis.
0:54.9	We have a lot of special stuff available for you right now that is free and there to serve
1:00.0	you during this time of crisis. If you go to smartpassiveincome.com slash toolkit, you'll see some
1:04.7	information including what to do if you get laid off, work from home tips, free courses, free
1:09.4	books, all kinds of things, smartpassiveincome.com
1:12.1	slash toolkit. And this question specifically is for Matt. His superpowers include Excel, more than
1:18.7	anything really, but more than that, it's definitely business management, business operations,
1:23.8	finances, cash flow, those types of things. And so he's just absolutely integral to what I do now,
1:30.3	especially as we continue to grow and serve more and more people.
1:34.1	And I'm excited to spotlight Matt more here.
	...

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