My brain is still buzzing from the incredible @LaunchMBA AMA with @rohangilkes earlier.

Rohan quit his career in accounting when his first side-hustle was making $40k a month! He's since built multiple million-dollar businesses in only a few years.

Here are my takeaways.
👇
🍻 The one-year rule

Be prepared to cancel your social life for one year at the start.

The freedom you get in return is worth the sacrifice.

But how do you make sure you're not wasting your time on the wrong thing? 👇
💵 The 60 day rule

Ensure you’re not wasting your time by shutting down any project which has not made revenue from a stranger after 60 days of focused marketing efforts.

What are "focused marketing efforts"? 👇
⏰ The 90% rule

Aim to spend 90% of your time on marketing activities. This means… Identify your target customer, find where they hang out, discover what content they like to consume and then make that content.

How do I keep them engaged? 👇
🤝 Build community around every product

This keeps people engaged. For example, make a Facebook group before you launch, invite your target customers and offer lifetime discounts to early customers in return for feedback.

But how do I know if the market is a good one? 👇
🦈 Look for sharks

Lots of sharks in the water means there are lots of fish. Likewise, lots of wealthy competitors means there is lots of money. Don't be put off by them. Purposefully seek these spaces out.

How do I turn this into a million dollar business? 👇
🤟 The Triple Play

Once you’ve built a successful repeatable business (even a small one), make a second business teaching other people how to do the same.

Then make a third business selling them software to make their entrepreneurship path easier.

Everybody wins.
👏 Thank you @rohangilkes for being so generous with your time and insightful advice!

Read more about Rohan here: rohangilkes.com

And join the Launch MBA waitlist if you're interested in learning to start online businesses by doing it. 🚀 launchmba.co

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More from @nocodelife

6 Jul
THREAD:

I've been thinking about how I can add value to the #nocode community. It's the most inspiring and motivated community I'm part of.

One thing I know for sure: I love launching things. Over the past 8 months I've launched 10+ products.
That may sound crazy, but it's how I learn.

I studied business at uni and post-graduate - not much stuck and not much was applicable to becoming an online solopreneur.

My first launch was feministparent.com in November last year.

I posted it on @indiehackers...
...not realising I was "launching".

The first comment arrived 5 minutes later - it was horrible! Pretty much "why bother?" (since deleted).

But quickly positive comments started arriving, including from people who are now familiar names.
Read 10 tweets

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