How Terry Sold His Online Business for $20 Million!
Flipped Lifestyle™ Podcast
Shane Sams
4.9 • 575 Ratings
🗓️ 26 December 2023
⏱️ 52 minutes
🧾️ Download transcript
Summary
Today's guest on the podcast is Flipped Lifestyle member Terry Dunlap! Terry's story is amazing! He was arrested for credit card fraud at 17 years old but later worked for the government, helping to eliminate security threats with the NSA.
After that, Terry started his own successful security company and started developing training classes and automated processes, which led to the creation of a second company that Terry eventually sold to Microsoft for $20 million!
In today's episode you'll learn:
- How to create a successful membership by teaching your skills to others
- How offering multiple pricing tiers in your membership can lead to more sales
- Actions begets action; success begets success, and how to make the next decision instead of worrying about best decision
Terry's previous appearance on the Flipped Lifestyle podcast: https://flippedlifestyle.com/podcast355-we-help-terry-turn-his-hacking-superpowers-into-a-legit-and-legal-membership-site/
Get access to the Flipped Lifestyle Blueprint, forums, and monthly member calls to help you start, build, and grow your online business at https://www.FlippedLifestyle.com!
Transcript
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| 0:00.0 | Welcome to the Flip Lifestyle podcast, where life always comes before work. |
| 0:07.1 | We're your host, Shane and Jocelyn Sam. |
| 0:11.1 | We're a real family that figured out how to make our entire living online. |
| 0:16.0 | And now we help other families do the same. |
| 0:19.1 | Are you ready to flip your life? |
| 0:21.0 | All right. |
| 0:21.6 | Let's get started. |
| 0:23.7 | What is going on, everybody? |
| 0:25.3 | Welcome back to the Flip Lifestyle Podcast. |
| 0:27.8 | Now, I am always excited to talk to amazing members of the community who are out there doing |
| 0:32.2 | amazing things, but I'll be a little honest with you guys. |
| 0:35.1 | I'm not sure what I'm getting myself into today because we've got a one, this is a massive success story just for business and everything, all kind of rolled up into one that we want to go through. We saw this in the community the other day and we love celebrating our member of success, but I'm not sure where this is going and all of your minds are about to get blown away by my guest, Terry Dunlap. What's up, Terry? Dude, it's been a while, but hey, before we even get started, do we need to preface this and reference the prior interview where I talk about my arrest as a computer hacker? We definitely need, yes, we probably should tell everybody a little bit about, well, hold on. Let's talk. Let me let's just, let's just give them the little, we'll give them the little like the trailer of the movie here real quick. So just tell everybody what you did with your company over the last little bit. And then we'll go back and we'll tell them what you did about your hacker community. And then we start talking about everything but tell them tell them what we're leading to right now what just |
| 1:31.2 | happened in your life i just sold my company to microsoft for an excess of 20 million dollars |
| 1:36.9 | and wrecks happened all over the country and people were listening to this on their commute |
| 1:44.0 | on the way to school on the on their commute on the way to |
| 1:44.6 | school on the way to school on the way to whatever man all right so we're not going to tell you what |
| 1:49.9 | it is yet you should be paying attention but let's go back let's go back to when you were a hacker |
| 1:55.6 | we'll give the the the briefest version of that story maybe we'll zoom forward talk about what the company looked like and, you know, how we got to talk with each other. And then what led to this, man, it's amazing. So, yeah, so this is a quick recap. I'm assuming you'll link to the full prior episode in the show now. 100% want to go back and listen to it. So the, the Cliff Note version clip note version if you if people remember what cliff |
| 2:18.4 | notes are is in 1985 at 17 years old I was arrested for computer hacking actually |
| 2:25.4 | it was really credit card fraud because there were no no laws on the books at the time |
| 2:29.7 | until the following year and I used a Commodore 64 and a 300-baud dial-up motor. Got into all kinds |
| 2:36.4 | of mischief and problems. Go back to the prior episode to really, I unload the whole unpacking. |
... |
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