What’s up everybody?! Fred Lam here and welcome to our 10th episode of our daily huddle.
First thing first I’m actually not at my office right now I actually just landed at one of the place that I’m going at to actually have a presentation on in regards basically sharing with high-level people who are basically running business online and I’m going to be actually sharing some amazing at works tips with these people. Now, this event actually cost $25,000 a year for participants to actually be there and it’s actually a mastermind group called Flight Club and I’m actually very honoured to be here and I’m not going to tell you where yet because I’m actually going to do something pretty interesting. I’m actually at this place to have a presentation tomorrow on a particular subject which is obviously about Ad Works and again throughout the coming weeks or months to come a lot of people have requests and ask about me creating more Ad works training obviously sharing with you guys and that’s what I’m actually going to do.
I’m interesting like I got on and I got an angry face person by like Anik. No idea why you guys are upset about this but listen I’m actually doing our daily huddles Monday to Friday just to answer five questions, it can be any questions that can actually help you build, grow or scale your business online. Now, before we actually dive into the questions today I basically have shared with you in the past several episodes that I’m making some announcements today that will completely help you with your business and it’s going to be available for those of you who are actually going to be live with us which is right now. Here’s what’s going to happen, I’m actually going to first share with you several strategies for several business models that you can actually start using to build a business with just a hundred bucks okay, this a hundred bucks right here. So, how many of you would actually want to learn how you can build an online business and it doesn’t have to be an E-commerce business, it can be anything else that I’m going to share them with you guys and if you guys want to learn about this put in ME right into the comment box on Facebook and if you are on YouTube put it into the live chat right now so I can actually see your guys’ excitement.
Alright, here’s the deal you may see me lagging a little bit and it is only really because I’m actually at a hotel and I’ll be honest with you hotel internet connection sucks. I even tried to upgrade it but it still actually lagging so my apology on that and on things that I can’t get a better internet connection just to basically be here with you guys to actually walk you guys through. So with that being said, here’s what I’m also going to do now today after I answer the five questions which one of the questions is actually perfectly aligned with what I wanted to discuss with you guys today which is simply how do you guys can actually build a business with $100 and I’m going to walk you guys quickly through on the business that you can actually start using just a hundred bucks and you can’t start building your business online. And for those of you like I said I told you right out the gate that we are going to actually do something pretty amazing today just for the 10 followers mind that are here live with us here’s what I’m going to do, there’s a $1,000 cash right here and what I’m going to do is throughout YouTube and throughout Facebook today during our daily huddle and to actually celebrate our 10th episode I’m going to choose 10 of my followers that are super active with us right now into the live chat on YouTube and obviously the comment box right on Facebook and I’m actually going to give away a hundred dollars to 10 people 10 followers of mine. Make sure you obviously have to follow me on Facebook and also follow me on YouTube at the same time in order for you to qualify for this.
Now here’s the deal, what I want you to do though is that I want you to actually listen to what I’m going to share to you today and then use that same $100 that you may potentially win today, it’s going to be ten people that’s going to get this and I want you to start actually building a business or start looking into building a business with that $100. So, if that excites all you put 1 right now into the comment box on Facebook and put a 1 into live chat right inside YouTube right now. So, again I obviously have to tell you internet really sucks here and sorry my apology that I’ve been keep on cutting out like I’ve been like freezing there’s nothing I can do about it my apology about that that’s really again internet problem at the hotel. So, anyways without further ado I’m not going to dive into the 5 right now you know what I’m going to give away the first $100, take a guess of where I am at right now, I’m actually in United States and I only want you to basically be the first person who ever the first person that guess the state that I’m in, I’m going to choose a person from Facebook and I’m going to choose a person on YouTube at the same time.
The first person that tells me or basically answered the question where I am at right now, it’s only the state you don’t have to go into the cities. There are only 52 states obviously in U.S. so the first person that came in is Melissa in LA, nope not LA. I’m looking at Facebook first, alright we’ve already got our first winner inside Facebook which is Daschaund Smith, I’m am actually in San Diego California right now, that’s where I’m at, so congratulations I’m going to jot down your name so I can reach out to you and right inside YouTube the first person is Johnny Boy. I’m going to write this down somewhere or just copy and paste your guys’ names into like a text book pad. Now, again some people are asking like “Fred, why don’t you actually do this on a cell phone” it’s really because if I’m doing this on a cell phone I actually cannot broadcast this live on YouTube and on Facebook at the same time so I don’t want to leave anyone out so my apology with that and my computer is running so slow right now. Anyways, I’ll re-watch this with that being said I already gave away $200 bills into my followers so there’s eight more to but before we go into that I want to share with you guys or answer the questions that were sent or presented me today. So, I’m going to dive right in right now.
[0:08:18] Question 1: How to get more Facebook ad accounts to advertising on Facebook?
The first person is called John, I don’t know why you did not tell me your last name but is John. So John said:
How to get more Facebook ad accounts to advertising on Facebook?
Pretty simple one. If you guys actually have my 10-part video training series on Zero Up light you would remember that I asked you to sign up for a business manager account and the URL is simply business.facebook.com that’s what it is. When you sign up an account as a business manager it will give you the ability to create more ad accounts right out the gate so you don’t have to just have one ad account you can now have like an agency, a holding account that holds your current ad account and when you got a business manager account usually right away Facebook will allow you to create 2 to 3 additional ad accounts. Now when you have those 2 to 3 ad accounts under your business manager account that are running traffic that is basically I don’t know spending $5, $10 a day and you’re in good standing with Facebook then you can actually talk to Facebook, email them and request for an account limit length. What’s going to happen is that Facebook will say “Oh! This guy is advertising in 3 different accounts, he’s not owing any money, he’s advertising the things that we like from Facebook, we are going to grant him more accounts”. I’ve seen cases, where we can get 10 more ad accounts right away to over thousands, add account right away [inaudible 09:52] to have more accounts so if your limit basically giving you the ability to create 10 ad accounts go ahead and create that 10 ad accounts because what’s going to happen are that know on wood there’s a wood here if your ad account got suspended you still have 9 ad accounts for you to use so guess what “ Hey! Facebook, I’m coming back. I’m not going to wait for you to give me another ad account and wait for the appeal. I have another ad account” that’s what you wanted to do and for those of you who basically want to know how to get more ad account, you simply do it through the business manager accounts.
[0:10:38] Question 2: I live in Hong Kong which is a really small place and Hong Kong is very close to China so many people purchase things directly from the China supplier. So, I think is hard if my shop is focus on HK market, so I plan to target overseas market rather than Hong Kong market. How many and which oversea countries will you suggest me to focus at the beginning? (I’m start building my first online shop) Thanks a lot!
Moving on to the second question Cloris Yu.
I live in Hong Kong which is a really small place and Hong Kong is very close to China so many people purchase things directly from the China supplier. So, I think is hard if my shop is focus on HK market, so I plan to target overseas market rather than Hong Kong market. How many and which oversea countries will you suggest me to focus at the beginning? (I’m start building my first online shop) Thanks a lot!
You know Cloris I do have to tell you one thing you have a competitive advantage over a lot of people and here’s the reason why, you’re right in Hong Kong, guess what, you just need to get on a bus go on a train and simply go to China, as we all know Guangzhou has a lot of whole sellers so it gives you a competitive advantage because you potentially get to see products that are not even available on Ali Express, Alibaba or even DHgate and all those other places really they don’t have time to always upload all theses products and you get to actually build a direct relationship with them and you have a competitive advantage because you speak their language too at the same time. Now, to answer your question though, I would tell you not to focus on the Hongkong market, not to focus on the South East Asian market, right away dive into US, Canada, UK, New Zealand Australia these are top 5 countries that you want to go after right away and it doesn’t matter like people don’t know that you’re from Hongkong and ultimately at the end of the day you can simply sell it all [side talk 12:42 – 48] So at the end of the day you get the ability to sell wherever you want and I would again suggest you start with the US because the US is a massive market when it comes to physical products and again it gives you a competitive advantage right out the gate
[0:13:30] Question 3: Please advise me what is the best online business, like must I try E-commerce, affiliate marketing, email marketing? Thank you.
Moving on to the 3rd question by Lourdes, I’m not sure if you’re a he or she but your question is:
Please advise me what is the best online business, like must I try E-commerce, affiliate marketing, email marketing? Thank you.
Going back to that question right now so here’s the deal right now we’re living in the area of like opportunities right now which gives you the ability to actually create a business with just less than a hundred dollars now in the online market there are several businesses that you can create:
- I always talk about this which is E-commerce, we talk about that, we know about that and you can think about using E-commerce right away and I have a 10-part video training series on this to actually help you guys start with E-commerce store.
- Affiliate Marketing, let’s be honest at the end of the day you can actually create a website to sell other people’s product, that’s what you can do and to ultimately because you don’t have to actually create your own product, you don’t have to go ahead invest a lot of money to have a website up you can simply start having affiliate website.
- Email marketing, I’m just listing all the opportunities for you right now and I’m going to go in-depth of every single one of them on how we can actually start $100. Email Marketing is another really great one, Email Marketing I kind of put it down into affiliate or digital publishing so either you’re selling someone’s product or at the end of the day you are creating your own product itself. Email Marketing and Affiliate Marketing is kind of tied in together and I usually talk about this as a digital publishing company. Now the third business that you can actually create for less than hundred dollars is actually owning your own agency, you may be wondering well what are you talking about Fred.
I would have told like a lot of companies small mom and pop shops to large companies will want people to actually run for online ads. Why? Because a lot of them don’t know how to create it. Let’s dissect this first right away. Can you start running an E-commerce business for just a $100? The answer is YES! Well, let me tell you the facts number one you get a Shopify store, again I talk about this inside our Zero Up light training.
So, number one you basically get a Shopify store that will cost you like $29. Number two once you got that you basically buy a domain, now domain will cost you roughly $10 that’s going to be $39 then you need some important apps in your store that’s going to cost you around $40ish. So, now that’s $69. Now you actually have all the things that you need and all you have to do is simply go to either Aliexpress, DHgate or Doba.com can actually put products on your store and you can start selling. Now, these are the fixed cost for you to actually get started, we look back decades ago in order for you to start a business there’s no way for you to have that opportunity to start a business for less than a hundred dollars and you can actually do that right now because with these steps and again if you guys want to know more about it go get a copy of my Zero Up Light you’ll get a copy and you’ll know or you’ll see and you can count it yourself that it will cost you less than a hundred dollars for you to actually start an E-commerce business.
Now let’s move on to number two which is digital publishing, digital publishing again like I said there are two sides to it number one there is the Affiliate Marketing side and number two there is the part where you create your own course, your own training and actually sell it out. So, with that you obviously you can’t just go into the market and just sell a product right away, you have to actually start building an email list so that’s why email marketing is really tied on into Affiliate and digital publishing at the same time.
So, when you want to create a digital publishing business regardless if you’re selling Affiliate products or regardless if you’re selling your own products you need to have an email marketing business. Now, again you can do this for less than a $100. How? Very simple number one don’t get an autoresponder account, you can either use Mail Chimp get a response or Sendlane. I highly recommend Sendlane and the beauty about Sendlane is that it gives you a drag-and-drop builder to actually build an opt-in page and also help you capture an email address. So, technically what you need is a simple website and that website may be the domain is going to cost you let’s say again $10, you need a hosting, now hosting will cost you depending on what kind of hosting you wanted to use but there are hosting from $10 all the way to $100 but when you first started you don’t need like $150 server right away just get like a $10 resell server so now that’s 20 bucks.
Then number 3 here’s what you need to do you need to simply create a website so that you don’t just have an opt-in page you have a website to actually talk about your products or whatever you wanted to do or talk about yourself and everything and you can actually just get a WordPress website well WordPress apps is absolutely free and you can start with word press. Now, if you go to Fiber.com or you go to [inaudible 20:06] you can have a word press website done for like less than 50 bucks. So, now that’s $70. The fourth element that you need is simply either will be called free report, free white paper or all those other stuff. You can actually give away something to the people that you want to show your landing page to get their email address and start emailing them and actually get an offer and basically run them through on selling them through emails and basically presenting affiliate offers or presenting your offers at the same time.
So, with that it doesn’t cost you any money because you are going to be an expert about that report, you just type it up and make it a nice on a word document, make it into a PDF and that’s really it. Those are the four things and guess what it’s going to cost you about some $100 to have that business up. Now, let’s talk about the last business which is what we call the agency business, the truth is again in order for you to get an agency business is super simple; number one you are going to get a name that’s $10, number two create a website that talks about your service so we go back to [inaudible 21:20] that will cost you around $50 and then you need a server that again cost you $10 so right there that’s only 70 bucks. Now here’s the trick when it comes to agency business, you want to make sure that you get Google certified and Facebook certified because with that it will give you the ability to go ahead and present it to someone as “Hey, I’m a Google certified, I’m Facebook certified here’s what I can do for you” that will basically build your trust and credential like instantly, like instantly that’s what I used when I was owning an agency and that’s how I landed deals like having BMW as by client and that’s what I did and again that’s what you can do.
Now, lasting thing that you need when it comes to agency is may be some business cards or printing out some what you call pamphlet or whatever and it’s now going to cost you a lot of money it’s going to cost you like what you can just get a minimal order and cost you like 20 to 30 bucks just to get started and you’re going to have an agency business up and all you have to do is basically go visit these mom-and-pop shop, go actually do a pitch and basically charge them five hundred, a thousand or may be even fifteen hundred dollars in a single month on you providing the service of basically helping them advertise online.
Again, these are three primary businesses that you can actually start building and it will cost you just less than a $100. Now to answer your question I basically briefly covered it to [inaudible 22:56] it’s really up to you, well when it comes to E-commerce you’re literally simply just selling products online. Obviously, there are more headaches sometimes I just say because you have to worry about shipping you have basically more customer service yada, yada, yada…
So, if you love selling products, if you love tangible goods then E-commerce is going to be right for you. Now if you love to write emails, if you love to write things, if you’re an expert on something then running a digital publishing business which is either following a category of Affiliate Marketing, email marketing and creating your own course that may be the route for you. Now, last but not the least if you’re like you know what Fred I’m really into corporate world, I love corporate stuff, I like structure, I like all these stuff then agency business may be what you wanted to create. Now, with that being said let me ask you guys a quick question I saw a lot of people say I’ve never thought about you need agency side of things so why don’t I do this and out of curiosity there’s also other methods that you can actually create a business for less than a hundred dollars. Now, let me ask you guys this question, put in the word “Training” right in the comment box on Facebook and put the word “Training” in YouTube right now if you want to learn or if you want me to shoot a training video about each business where you can start with a hundred dollars. How many of you guys would love that… Put the word “Training” right now into the comment box or right into YouTube right now so I can make sure that this is what you guys really want. I apologize that at the end of the day right now the internet connection is really bad, I hope that my audio is coming through its just that my video is actually been lagging a lot so my apology. I’m getting a lot of people saying “Training” right now. Like lots of you guys “Training” right now.
Now before we actually go into that here’s the deal, I also have a workshop coming up next week and it’s called “The Lazy Magnet Day” where you basically leverage other people’s hard work and use internet celebrities to actually sell whatever you want. Well, it’s really geared toward products or digital publishing or basically affiliate marketing at the same time. So, if you guys want to actually join our workshop where you get to learn exactly how to build a business with less than a hundred dollars and also show you how you can actually leverage other people’s hard work and you’ll be the lazy guy, here’s the link and I’m going to drop it into Facebook and I’m going to drop it right into YouTube right now for you guys and you guys can actually sign up, save your seat for our upcoming workshop. Now, here’s the deal like I said earlier there are still 8 more people that I’m going to actually give away $100 and the guy right on the other side of the door is still knocking so here’s what I would do I want to ask all the questions as fast as possible first and then I’m going to actually give away 8 more people a hundred dollars or you can get this $100 wait until I started the training or in this video trainings on a $100 and you can actually get started.
[0:26:49] Question 4: Which commercial type are the best for an E-commerce. Corporation S, Corporation C or LLC?
The fourth question is Johnnie Perez.
Which commercial type are the best for an E-commerce. Corporation S, Corporation C or LLC?
I’m pretty sure that you are from United States so you’re from US based on my knowledge the best commercial type is going to be LLC. LLC’s is the easiest for you to actually set up, it des not require you a lot of money and you can actually start and create from there. So, LLC is what I want to suggest you guys to actually use and start with.
[0:27:28] Question 5: I have enjoyed your book, but struggle with one concept: Why would someone want to buy an article from my online store at a higher price rather than order it directly from AliExpress at a cheaper price? Thank you.
Now to the fifth question is Howard Summers. Howard Summers said.
I have enjoyed your book, but struggle with one concept: Why would someone want to buy an article from my online store at a higher price rather than order it directly from AliExpress at a cheaper price? Thank you.
That’s very fair question but the truth is not every single human being knows about Aliexpress and you guys are thinking way too much right now. If you go up the streets find ten people ask them, do you use Facebook and they’re going to answer you YES but if you ask them do you know what Aliexpress is? I would tell you a lot of people would actually say NO, they have never heard of it and ultimately people you know or don’t know at the end of the day that you’re actually sorting your products straight from Aliexpress. And I said this many times on my daily huddles is that number one you have to let your data to tell you the story if the product is selling or not. You don’t want or you don’t need to basically be worrying about this stuff because when you’re advertising and you start getting sales and the data will tell you, that’s all it matters. I won’t do this daily huddle a lot longer but I think I’m pissing off the other girl/guy in the other room.
Here’s what I’m going to do right now, I’m going to scroll be on Facebook first. I’m going to scroll down and randomly select the people that have been commenting, the people that have been liking and randomly select four people right now on Facebook. You can actually get $100 each. Let’s see who I would get. I’m just going to scroll, scroll, scroll and I got Valerie L. Thomas. So, I’m going to write this down that is Valerie L. Thomas. Alright, congratulations Valerie. Guys, you should all congratulate Valerie. I’m going to look for another one right now, Maggie Crayford right inside Facebook and two more I’m just going to scroll more left or right…and Jose Melgar and then the last person is going to be….James Glenn. Alright, so guys here are the winners Valerie L. Thomas, Maggie Crayford, Jose Melgar and also James Glenn you guys are winners, congratulations! [inaudible 30:44 – 48] that is California and I can’t find your name anymore but I will back at the live chat and I will see it, so that is on Facebook.
Now let me jump to YouTube right now so…my apology it’s just that it’s lagging a lot right now and it’s really, really slow…so, I’m just scrolling through, we have Carla Freeman. On YouTube we got Carla Freeman and we also have…let’s see… I’m scrolling back and forth right now. Alright, I’m really bad with names. I’m going to copy these names into the live chat for you guys in just a bit. The third person who’s going to get $100 is going to be Johnny Perez and the last person… let’s see who’s going to be…stop… it is Korena Tape. So, right inside YouTube these are the winners… I’m actually going to paste it right inside our chat so you guys can actually see… you guys can congratulate all these followers who just won a $100 and make sure you actually email team, sorry you may email support [inaudible 32:48] academy.com with your PayPal email address and them I’m going to just PayPal you guys 100 bucks on Monday once I actually get back to the office and I will PayPal you guys right away. So, on Facebook on top of that guy that starts with “D” I forgot the name… [inaudible 33:09 – 13] Smith.
So, guys congratulate all these 10 people for actually being here with us on our 10th episode. We’ve been doing this for two weeks in a row our 10th episode and I choose to actually continue our daily huddle everyday Monday to Friday regardless of where I am at and obviously that you could see that I am not actually having that much of excitement anymore because [inaudible 33:43 – 46] dude it’s only like 6:30 I don’t know why that guy’s like complaining. But anyways you’ll hear back my excitement once I’m back to the office so I can do whatever I want in there and actually be as loud as I want and that’s what we are going to do. Again, guys if you want to learn the lazy man way, the lazy man method where you basically start building a business using nothing but internet celebrities and be the lazy person that leverage people’s hard work you actually generate profits online and we actually have a case study where we’re going to show you $30 turn into $400 in one single hour. If you guys are interested and want to actually join our upcoming workshop there’s a link above this video on Facebook click on it [inaudible 34:39 – 43] on YouTube there’s a link on the video description sign up and make sure you are there live. That’s what’s going to happen at the end of the day. Again, guys very important you got to keep working on your business, I know that it’s TGIF but as an entrepreneur there’s no such thing as TGIF and I know we’re getting into the weekends right now so we go to the weekends, YES you need some time to relax, to de-stress but save some time to make sure that you keep working or your business so you have to keep hustling and like I always say go, go, go that’s what you want if you want to actually take action and I should push through this things forward. So again guys have a wonderful weekend right ahead and I look forward on seeing you guys on Monday and for those of you sign up for a workshop I seriously look forward on seeing you guys in our workshop and I am going to actually blow you guys away on what we actually have to share with you so make sure to tell your friends, tell your family about our daily huddle make sure they tell everyone about it and let’s get more people to actually participate in our daily huddles so that everyone actually think value from other than that, that’s all for today guys I look forward on seeing you guys next week. Bye now!