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Tropical MBA: Entrepreneurship & Founder Lifestyle

Episode 56: TMBA 056 (LBP56) – How to Manufacture Products in Asia

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

4.9527 Ratings

🗓️ 3 March 2011

⏱️ 22 minutes

🧾️ Download transcript

Summary

Today, Dan and Ian discuss how to get started sourcing physical products from China. Furthermore, they discuss some of their own business failures.

Have fun. Leave a comment. Give us a ring. 888-554-8428. Go make it happen! :)

This episode is sponsored by wordpress designers and developers, Gut Shot Studios.

Transcript

Click on a timestamp to play from that location

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.

0:17.2

If you want to know more about this program or this podcast, I want to get barraged

0:21.6

by a lot of annoying pop-ups, check out our website, lifestylebusinesspodcast.com.

0:29.6

Yeah, buddy, welcome to the Lifestyle Business Podcast, we believe starting a profitable

0:33.6

business is the ideal way to create more freedom and opportunity for you, your family, and those around you. Today I'm joined as, as per the usual, my captain, my co-host, a man whose daily driver has a roll cage. In case I've rolled. If you stick around to the end of the episode, I'm going to share with you a way that you can improve your productivity on your computer and save you tons and tons of headaches. This has been really

0:54.3

cool. I'm going to share with you some top mistakes that smart people make. And since I know that you're smart because you're listening to this podcast, let's talk about the news really quick. We've got a couple of exciting things going on. We're leaving for Florida and only a matter of a few hours. We'll be lucky if you get a couple hours of sleep tonight, but definitely wanted to get a podcast cast out this week and talk about some hard goods. We've got a lot of incredible experiences

1:11.8

in hard goods. You know, I always made the joke, like, you should do an information product. You know, forget about hard goods. But a lot of my information product buddies, they're starting to want to do hard goods now. And actually, I can see the reasons why. And we're going to talk about some of those today in the episode. The Tropical MBA has received 48 applications. Yeah, buddy, we sat down for hours

1:29.3

the other night and took a look at these things. They are all awesome, really, really high-quality

1:33.3

applicants. Yeah, we've been on the phone all day long. I'm blown away by the response. I'm so

1:38.9

humbled by it. It is just so cool. I'm really excited because I'm going back to Asia. When I came back to the United States, I assumed that it would take us longer to sort of tool up our operation and figure out what me and you were going to be doing. But then I was kind of sitting here thinking, all right, everything's back in running order. We've figured out how we're going to run this business. I feel really serious, not only about my passion for living abroad and being an expat, but also

2:01.6

for the business opportunities.

2:02.6

We're absolutely finalizing a corporation in Manila next month.

2:06.6

I'm so excited about that and the story of how that came together.

2:09.6

We'll tell more about that after it gets done.

2:11.6

And I also believe in the next three-year timeframe, the majority of our organization will exist offshore.

2:16.6

Yeah, most of our growth is going to happen on other continents besides this one. And I can't wait to be the shepherd and spearhead of that investment. And I'm really looking forward to it. I mean, it's right in line with my passion, being in Asia, working on the web. I can't wait to get back to Asia. It's in my blood now. And a lot of listeners and blog readers have commented on that. They said, I knew, Dan, you wouldn't last. And, well, they're absolutely right. I won't last. Hopefully, I'll have a lot more travel topics to talk about here on the podcast and we'll have some more exotic locale episodes. One final thing is that I used to do this mass Twitter following thing. Just exploring a lot of my internet marketer buddies, they say, you know, you got to do this auto follow. Well, I ended up getting so passionate about Twitter that I just wanted to do it right. And I had all these lists of people that I was following, but I wasn't really following. And it just felt inauthentic to me. And I just didn't like it. And so when I ended up doing one weekend, it's just unfollowing everybody manually. I'm sure there's some automated way to do this, but I figured it was better than being on Reddit, so I just unfollowed everybody. And I got myself on a couple jerks to unfollow lists as a result. But I'm really happy now that I'm sort of at square one with Twitter. I'm just following the people that I really want to hear their message. And I'd encourage anybody that's listening to this show that still hasn't made the jump to Twitter to go give a try, Go ahead on Twitter and start off following 50 people that you think are fascinating, that you've read their books, or you've listened to their speeches, or you laugh at their jokes, or whatever it is. And substitute that as your morning newspaper instead. I think you're going to have a lot of fun. I really enjoy Twitter. Yeah, it's really cool to have inspirational people in your feed and be able to see what they're reading. Two quick shouts before we move on to the meat and potato. Jay from Costa Rica says this podcast delivers on the nitty-gritty details. Yeah, buddy, you're going to get some more nitty-gritty details today about manufacturing in Asia. Glenn Dixon says we are a fast-paced witty full of details. Tips and tricks. Be prepared to take note. I like Glenn Dixon. I was over on location 180 the other day, and he was hosting over there, and he called me a young punk. I haven't been called a young punk for several years, and I like it. Glenn Dixon made our day on more than one occasion with his kind words on the blogosphere about this podcast. Thanks, Glenn Dixon. Best of luck to you in your crazy adventures. We'll link see up to his site about his

4:14.8

trip vagabonding across America. Interesting stuff. We got a couple questions. We got Rasmus on the phone called in and let's hear what he's got to say. Hey guys, Rasmus here from My4Hours.com. Let me just start out by saying that I think you got an awesome podcast. It's the perfect blend between business tips and pure entertainment. I'm also convinced that both of you guys look great in

4:33.8

speedos. I have a question for you about how I would go about marketing free stuff. The case is that I've just finished an ebook on how to create membership sites that I'm giving away for free. Besides the ebook, I also have two WordPress plugins that I'm giving away that can help you build this membership website. Since I'm giving it away for free, I don't have a big marketing budget for promoting this stuff. And most people in the internet marketing industry really only want to help spread the word if I have a back-in product and, well, let's face it, they get a commission, which I don't. So do you have any tips on how I could promote this free e-book and WordPress plugins on a budget? And then, of course, a shameless plug. If any of your listeners are interested in this e-book and plugins, they can be downloaded from My4Hours.com slash e-book. Four hours is spelled with the number four. Thanks again for an awesome podcast. All right, Rasmus, well, good job. You got thousands of listeners now hearing your marketing message. That's right. You can call the lifestyle business podcast and pimp your product. That's cool. We just might pull you apart. In this case, Rasmus is the real deal. Part of it is he invited us to come hang out at his abode in Thailand, which I totally dig. We didn't get to take him up on that offer because we had to do this company transaction. Maybe this year. But David did take him up on that offer. David and Rasmus know each other. And David's like, this guy's totally legit. I haven't used this WordPress plugin. But anybody who's thinking about implementing a membership site, go check it out. It's free. It couldn't hurt, right? So Rasmus, best of luck with your plugin. Fantastic joke, by the way. Rasmus gets the marketing message because he's contributing to what we're doing. We look cool because people care and they're calling. And he tells a joke, which is funny. Of course we look good in Speedo. I mean, obvious. And he contributes to what we're doing, which makes us feel fine to help Rasmus do what he's doing, which is to build a little list, give some real incredible value. Rasmus is a legit four-hour work weeker, making a great

6:10.9

living for himself, doing software development and doing a lot more stuff overseas now. It does make me feel more confident about wearing my speedo. Rasmus, I'm not really sure you even need any advice on how to market this thing. It sounds like you know exactly what you're doing, brother. Keep up the good work, and I'm going to hitch you up on that offer sometime in the very, very near future. We've got a listener question from Greg. Do you have any rules of thumb that you follow when selecting a domain name? In particular, domains that infringe on patents. How do you do this? Greg gave us an example of, could you get a domain that's laptops for dummies? Because, you know, there's all these books out there that, you know, there's a a trademark on something for dummies you have to be careful I'm not sure exactly what

6:46.5

most of the rules are but you can't use people's trademark in things like AdWords or

6:50.5

on your site you can't say Coca-Cola without giving them due credit which is a

6:55.0

registered trademark so go to USPTO dot go do your search in and don't get anywhere

...

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