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The Martell Method w/ Dan Martell

These Rules Made Me So Rich I Question the Meaning of Making Money

The Martell Method w/ Dan Martell

Dan Martell

Entrepreneurship, Business

4.9628 Ratings

🗓️ 6 September 2024

⏱️ 24 minutes

🧾️ Download transcript

Summary

>> Get The Book (Buy Back Your Time): https://bit.ly/3pCTG78 

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Most entrepreneurs don’t fail because of a lack of ideas.

They fail because they ignore THESE 13 rules.

In this video, I’m sharing the principles that took me from broke at 22 to a multi-millionaire.

I’ve lived by these rules for 27 years in business.

Some came from painful lessons, others from the wisdom of billionaires.

Get these right, and you won’t just build a business - you’ll build one that scales and lasts.

IG: @danmartell

X: @danmartell

Transcript

Click on a timestamp to play from that location

0:00.0

I'm going to share with you the rules of business that have made me so rich I actually

0:03.8

questioned the meaning of making money. These rules are what allowed me to go from broke 22 year

0:08.0

old to a multimillionaire today. Some of these rules I picked up on my own during my 27 year

0:12.7

career as an entrepreneur and others I learned from some of the highest net worth individuals you

0:17.0

probably know. So without further explanation, these are the 13 rules of business.

0:21.8

Welcome to the Martel Method.

0:23.3

I went from rehab at 17 to building a $100 million empire

0:27.2

and being a Wall Street Journal bestselling author.

0:29.6

In this podcast, I'll show you exactly how to build a life

0:32.7

and business you don't grow to hate.

0:34.5

And make sure you don't miss anything

0:36.0

by subscribing to my newsletter at Martel Method.com. The first rule is to take the credit card. Get paid. Had a kid asked me on this

0:44.1

hike I host every Tuesday, how do I start a business? And I just replied, take the credit card.

0:49.2

A business has started when money exchanges hands. Essentially a stranger gives you money for your product or service. And it's not hard. You can either take cash. You can use Stripe. You can use PayPal. You can use Venmo. Just figure out what you want to sell and ask for it. The payment validates that they actually have a problem they want help with. See, a lot of people will tell you like, hey, go start that business. That sounds great. and you'll go off and build a bunch of stuff, come back and guess what? They're like, cool, I don't need it.

1:14.3

And you'll go off and build a bunch of stuff, come back and guess what? They're like, cool, I don't need it. And

1:14.4

you're like, you were saying you're going to buy. Don't abuse this. Get them value. Deliver the thing you sold. But don't go running around doing free work for everyone hoping to get ahead. But the truth is, without charging, you don't know if the person actually wants what you have.

1:26.4

You don't know if they're the right customer and you're just going to waste a lot of time.

1:29.2

Which brings us to number two, which is the under promise and over deliver. A lot of people start companies as like agencies, freelancers, selling SMMA or some other kind of service. And the challenge is that sometimes you say yes to everything so that you can get the business and then you don't

1:44.1

realize how much work it's going to be. What happens is then somebody that gave you the work,

1:48.0

get pissed off because you can't deliver, but you're not able to do everything. So here's how we

1:52.8

solve that. First off, find one clear problem somebody has, then offer a simple but incredibly

1:59.1

effective solution. And then when you deliver it, go above and beyond.

...

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