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Earn Your Leisure

EYL #313: How to Go from 9-to-5 Employee to 6-Figure Entrepreneur with David Shands

Earn Your Leisure

iHeartPodcasts

Business News, Careers, Investing, Entrepreneurship, Business, Education, News

4.87.8K Ratings

🗓️ 31 October 2024

⏱️ 110 minutes

🧾️ Download transcript

Summary

In this week's episode of *Earn Your Leisure*, we sit down with entrepreneur David Shands to break down the journey from a 9-to-5 employee to a 6-figure entrepreneur. David shares insights on what it takes to make six figures, defining it as earning between $100,000 and $999,000 annually and examining the difference between gross income and net income.


We dive into the essentials of launching a successful business, covering **Product, Price, and Promotion**:


**Product**: Whether you're offering a tangible product or a service, it should be easy to produce, deliver, and pay for. More importantly, it must solve a real problem for customers, going beyond just being a good idea.


**Price**: Set a price that provides at least three times the perceived value. Through effective storytelling, position your price at a level that feels comfortable for you, and consider recurring revenue models to reach your income goals.


**Promotion**: Gain visibility through hustle or leverage. From social media strategies to email and text marketing, discover ways to expand your reach and share your offerings with a larger audience.


Don’t miss this comprehensive guide on how to escape the 9-to-5 and start building a business that brings financial freedom!


#EarnYourLeisure #DavidShands #Entrepreneurship #SixFigures #9to5ToEntrepreneur #SmallBusiness #FinancialFreedom #ProductPricePromotion #BusinessGrowth #SideHustle #InvestInYourself



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Transcript

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0:00.0

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1:36.2

Yes, sir.

1:37.4

Yeah.

1:38.7

Back at it.

...

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