Episode 100: TMBA 100 (LBP90) – Rip, Pivot, and Jam: The Strategy That Launched Our Newest Product Line

Tropical MBA: Entrepreneurship & Founder Lifestyle

Dan Andrews; Ian Schoen

Digital Nomad, Business, Ecommerce, Society & Culture, Amazon, Founders, Cash Flow, Places & Travel, Founder, Business Owner, Cashflow, Management, Entrepreneurship, Million, Operator, Operations, Profits, Distributed Team

4.9 • 527 Ratings

🗓️ 9 February 2012

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ian managed to pick himself up from a nasty spin-out on the racetrack this week to join Dan as they reveal their most recent product launch and discuss the strategy that they used to find the niche and then dominate it.
Additionally, with listener questions pouring in they take the time to chat about some real problems people have experienced and how they might be able to get back on track.
Listen to this episode and learn about:
 Picking up some contract work to bankroll savings and pay down debt – is it a good path to entrepreneurship?
 Avoiding self-sabotage, inaction, and disbelief while building your lifestyle business.
 How to use online email marketing services and which are best for some slightly shady deals
Also in this episode, Dan and Ian disclose for the FIRST time on Lifestyle Business Podcast one of their product businesses: Portable Bar Company.
Using the Rip, Pivot, and Jam method they were able to find a niche, apply known business practices, and rock out a successful product line.
 Rip – Identify if others in the niche are making money from it
 Pivot – Bring it to a new market / new approach
 Jam – Crash the boards with 100% energy
This is also how they have built the private blog network that will be available for a limited number of subscribers starting next week (email Dan for more information and pricing)

Transcript

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0:00.0	Hey, podcast listener, even if you are alone in your entrepreneurial pursuit, know that today, right now in your earbuds, you are joined by thousands of entrepreneurs all around the globe, seeking to do the same thing you are.
0:17.8	If you want to know more about this program or this podcast or want to get barraged
0:22.1	by a lot of annoying pop-ups, check out our website, lifestylebusinesspodcast.com.
0:31.8	Hey, buddy, welcome to Thursday morning. That means it's time for another lifestyle business
0:35.6	podcast where we believe building a business is the ideal way to create more freedom and opportunity for you, your family,
0:41.4	and those around you, those around me, is my captain, my co-host, the man coming to Bali very soon,
0:45.8	and the man who recently ate it hard on his fancy new motorcycle, racing mobile.
0:51.7	What happened, man? I thought you were good at this stuff.
1:00.0	Boo. I was trying to get better. I went to, uh, yeah, I went to Jason Pridmore school. Jason is a very accomplished motorcycle racer and a very cool guy. And, uh, I went out to his school
1:06.0	and, uh, took it a little fast, took a little fast around turn seven at Chuck Walla.
1:11.6	Are you going to let us... Got on the gas a little early? Are you going to let us put the video up?
1:15.6	It looks nasty, man.
1:19.3	Thanks for your support. I'm sorry, this is fantastic stuff. If you guys stick around to the end
1:23.7	of the episode, we'll share with you a way to easily manage all of your websites
1:28.4	from one spot.
1:29.8	It's true and we'll share with you the stickiest apps of the year so far for Ian and myself.
1:35.8	First of shouts, thanks to Todd G. for sending in a photo of his desktop computer being
1:40.9	taken over by the LBP logo.
1:44.1	Appreciate that, Todd. We got a question today from Jason. top computer being taken over by the LBP logo.
1:44.3	Appreciate that top.
1:45.3	We got a question today from Jason.
1:49.4	Jason has been a serial entrepreneur for the last five to seven years, but totally blew it.
	...

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