Entrepreneurship with John Lee Dumas

We are humbled to have John Lee Dumas, aka JLD grace us with his presence from Puerto Rico on today’s show. JLD is a serial entrepreneur and has a lot of knowledge and wisdom around entrepreneurship.

JLD is a veteran. He spent eight years in the US military. In this episode, our guest will be sharing great tips. Listen in and learn.

Mindset 

The right mindset is critical to take the first step because there are so many people that are just in this holding pattern because they have limiting beliefs. They have the imposter syndrome, which they say, who am I to launch a podcast to create a YouTube channel to create this product or develop this service? They don’t have the right mindset. Surround yourself with other like-minded individuals who are also struggling with mindset, who also have limiting beliefs. Together, you can be like all ships rise in a high tide; you can help each other, support each other, hold each other accountable.

Monetizing a Podcast

There’s no quick way to monetize a podcast. A podcast is a long-term game; you need to say to yourself, “I’m going to create a piece of content, which is a podcast, and I’m going to be in this for the long haul. I’m going to create 12 months’ worth of content. I’m going to continue to be consistent. You know, I’m going to continue to show up, and I’m going to deliver great value and real solutions to a real problem. I’m going to build up trust with my audience.”

 Once you’ve built up that and trust with your audience over time, go to them and ask what they are struggling with right now? Once you know their biggest struggle, create a fantastic solution for them. You can offer that as a product or a service or a community or coaching or whatever that might be. Podcasting takes time.

JLD’s Inner Super Power 

Consistency 100%. He did 2000 episodes in 2000 days. So every day. For 2000 days in a row, he published an episode for entrepreneurs on fire every day. For 2000 days, he published an episode for entrepreneurs on fire 2000 days, 2000 episodes. That is why he won. He the best daily podcast interviewing entrepreneurs. When he launched in 2012, he was also the worst daily podcast interviewing entrepreneurs. He was the only daily podcast interviewing entrepreneurs.

Timestamps:

[01:29] The Freedom Journal

[04:16] JLD’s entrepreneurship ventures

[04:54] Mindset tips

[11:10] Tips for monetizing a podcast

[12:52] JLD’s inner superpower

Quotes:

• “If you want to speed up the process, you always go to someone who’s already been there.”
• “The right mindset is critical to take the first step.”
• “Identify the biggest pain point your audience has, and then create the solution for them.”
• “Having that foundation on mindset first, before you go into any venture makes a world of difference.”

Connect with John Lee Dumas, aka JLD:

The Freedom Journal

Podcast

Twitter

YouTube