Why You Shouldn’t Share Income Information | Ep. #974

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.6 • 1.4K Ratings

🗓️ 1 April 2019

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

In episode #974, we discuss why you shouldn’t publicly share income information. Tune in to hear the dangers of being so forthcoming. We have committed to throwing a FREE Marketing School Live Event in Los Angeles, once Marketing School reaches 1M downloads in a 30 day period. Take action: Rate, review, subscribe, and SHARE. Check the progress here! TIME-STAMPED SHOW NOTES: [00:27] Today’s Topic: Why You Shouldn’t Share Income Information [00:53] When things are going well for you and you share the details of your income, people will begin copying your methods. [01:05] You only invite competition and resentment. [01:25] Once, Eric referred a customer onto someone else. [01:38] He then got sued because the customer felt the other company wasn’t helpful and wanted Eric to pay back the amount of the money he felt he wasted. [02:10] Sharing income reports puts a target on your back. [03:05] You can share your income at the beginning, but once you start making more, scale back the sharing. [03:07] That’s it for today! [03:10] We hit our goal of 1 Million downloads! So, we will be throwing a free event in Los Angeles this June. Check out this website if you would like to attend. Remember: we are capping the event at 500 people, so sign up now, if you’re interested! DM Eric if you would like to participate in the VIP dinner. Leave some feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with us: NeilPatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Get ready for your daily dose of marketing strategies and tactics from
0:06.8	entrepreneurs with the guile and experience to help you find success in any
0:11.4	marketing capacity. You're listening to marketing school
0:14.5	with your instructors Neil Patel and Eric Sue.
0:19.4	All right guys before we start we got a special message from our sponsor.
0:27.0	If you want to rank higher on Google, you got to look at your page speed time.
0:31.5	The faster your website loads, the better off you are. With
0:34.4	Google's core vital update, that makes it super, super important to optimize your
0:38.5	site for low time. And one easy way to do it is use the host that Eric and I use dream
0:44.5	host so just go to dream host or Google it find it check it out and it's a great way
0:49.7	to improve your load time.
0:51.3	Welcome to another episode of Marketing School.
0:55.0	I'm Eric Sue.
0:56.0	And I'm Neil Patel.
0:57.0	And today we're going to talk about why you shouldn't share your income.
1:00.0	So I'm going to preface this with saying,
1:02.0	if you look at the people in the past that have shared their income
1:04.2	Pat Flynn from smart passive income John Lee Dumas from entrepreneur on fire
1:09.7	JLD I think he still shares it but not as frequently it used to be like every single month and then people can correct me if I'm wrong and Pat Flynn no longer
1:16.9	Shearishes income reports now my thing on this is when you start sharing your income everywhere and things are going well for you,
1:24.4	people are going to start copying you, right? And you're going to invite more competition. And the problem with that
1:29.5	is there is almost no benefit to sharing your income. If anything you invite
	...

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