SPI 93: How to Make Next Year the Best Year Ever! Goal Setting, Resistance, and Priorities with Michael Hyatt

#513 A lot has changed recently when it comes to online courses. For a while, it was all about having as much content as possible. Sixty hours of video and five hundred worksheets? Great! Ship it! We might have thought that way once, but we know now that's just the wrong way to build a course. We want our course experiences to be more efficient—for both the course creator and the students taking it. But online courses have continued to evolve beyond just more efficiency. It's about the experience people have around that content, and how we can enhance their learning through extra guidance and community. This evolution is showing up in the form of cohort-based courses—”cohort” meaning a group of people, in this case, course students. The concept isn't exactly new. Cohort-based learning has been around for a while. (You may be familiar with “schools” and “classrooms.”) But when it comes to online education, cohort-based courses have come to the fore thanks to people like Seth Godin and his altMBA program, which a lot of very successful people have gone through. Credit for coming up with the altMBA concept actually goes to someone named Wes Kao—and she's our special guest here today. Wes is a cofounder at Maven, a platform where you can create and teach your own online cohort-based courses. In fact, I and a couple of my teammates on Team SPI have had the privilege of taking a cohort-based course from Wes and her team on how to do our own cohort-based courses. We're now running several “boot camps,” as we call them, where we lead a group of people through our courses in a more structured format, with accountability, working hours, and group collaboration. We're going to talk today with Wes about exactly what a cohort-based course looks like, how it'll deliver better results, and how to go about creating your own cohort-based course. Show notes and more at SmartPassiveIncome.com/session513.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

6 Okt 202147min

#512 This past week I interviewed Joe Sanok from Practice of the Practice, who is the author of a new book called Thursday is the New Friday. My chat with Joe really got me thinking, "Who created the five-day week anyway, and why is it like that?" I think we've all been burnt out by working five days a week, and feeling like the weekend isn't quite long enough. What if we had an extra day? How cool would that be? Now, today's episode is actually going to take a bit of a different angle! But it's one that was sparked by the episode with Joe. That's because in thinking about a four-day workweek, I started to wonder: “Okay, four days a week. I could spend the other three days fishing on a boat with my kids, my family, building memories that will last forever. What would it take to make that happen?" So that's what I want to talk about today: how to start making your goals and dreams of the next phase (or next-next phase) of your life a little more possible. Maybe like me your dream is owning a boat, or having a coffee farm in Hawai'i—or probably it's something entirely different. I'm going to share some personal stories that illustrate how to start finding your path to making those dreams come true—or at least figure out if they make sense. Spoiler alert: it means putting yourself out there, and finding the people who can start to point you in the right direction. Now, if fate puts those people in front of you, awesome. But if not, you need to go find them. You need to put yourself out there, and yes, it's going to get uncomfortable. It's going to put you out of your comfort zone, but that's where all the most amazing things happen, right? Show notes and more at SmartPassiveIncome.com/session512.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

1 Okt 202115min

#511 Perhaps you've heard about the four-hour workweek. Well, a lot of us have come to realize that it's kind of hard to come by. Even Tim Ferriss, author of The 4-Hour Work Week, has said that maybe wasn't the best title for his book. Because even with passive income coming in, you still have to do work to maintain things. Four hours is probably out of the question for most of us—but what about a four-day workweek? That's three days for a weekend, four days of work, then rinse and repeat. In fact, this has become the norm in places like Iceland, where 85 percent of workers are working just four days a week. And guess what? They still get paid the same, and productivity is up. So the question is, when is this going to happen in the US? Well, the truth is it can happen right now if you are an entrepreneur and you control your own time. And even if you're not an entrepreneur, you can still make this happen if you're smart about it and willing to have the right conversations with your employer. Thankfully, my good friend Joe Sanok from Practice of the Practice might have a path forward for us. Joe has a new book coming out called Thursday is the New Friday, How to Work Fewer Hours, Make More Money, and Spend Time Doing What You Want. And he's joining the podcast today to tell us all about how he's made this approach work for himself and his business. He's not "at work" very much anymore, but he's still doing so much to help people, and making good money as a result. So, if you've ever felt overworked or that you're putting too much time into something and not getting a lot of results back, there's a lot of great stuff in this episode for you. Show notes and more at SmartPassiveIncome.com/session511.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

29 Sep 202133min

#510 Earlier this week, we spoke with Dorie Clark, author of the brand new book The Long Game, about being in it for the long haul and doing the things now that will ensure long-term success in your business and your life. And we talked about a lot of strategies to ensure that you're always staying on top of your business, your community, and your physical and mental health. Today I want to talk a little about a related question: how do we remain consistent? Because if you're in it for the long haul in this creator economy, it can take a lot to remain consistent. It can be tough to be continually uploading and creating content, continually showing up for your community, and continually providing value. It takes a lot of energy. And having now created 510 episodes of the Smart Passive Income Podcast, nearly 1,200 episodes of AskPat, more than 1,000 videos on YouTube, and more than 1,000 blog posts, we've been pretty consistent. Now, I haven't been consistent the entire time. There've been moments where I've been derailed. But I got back on track, and it's thanks to the five lessons I'm going to share with you today. These are tips and strategies to help you show up and keep showing up for your business and your audience, so let's get into them. Show notes and more at SmartPassiveIncome.com/session510.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

24 Sep 202115min

#509 Are you in this for the long game, or the quick buck? The problem with short-term thinking is that it's so vulnerable. When you go for the long game, you're building something that will last—and perhaps even outlast you. Thankfully, most of the entrepreneurs I speak to are thinking about how to succeed in the long term. Now, you may not make a lot of money upfront by playing the long game. And you may have to dedicate more time than you'd like initially. But the end result is that you'll have more time and money and freedom down the road. We're talking with one of my favorite people today: Dorie Clark, author of The Long Game: How to Be a Long-Term Thinker in a Short-Term World. Dorie and I chatted on here a long time ago, in session 161. She had just come out with a couple of books, Entrepreneurial You and Stand Out that have gotten really great reviews. We're going to discuss what it actually means to play the long game in today's world of short attention spans. What does it mean to sacrifice now so we can get more later? How do we play the long game, not just in business, but in life, so we're not sacrificing our health along the way? If you're not successful mentally and physically, then it doesn't matter how successful your business is. These are some of the most crucial topics we all need to think about as entrepreneurs, and we're discussing all of it and more, today with Dorie. Show notes and more at SmartPassiveIncome.com/session509.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

22 Sep 202142min

#508 Today we're following up on the episode we did in 507 with Jeff Walker, the creator of the PLF or Product Launch Formula. If you missed the episode, PLF is essentially a way to warm up an audience, to give them value, and to bring them on a journey that all leads to a product launch. And this could be the launch of any kind of product or service or course. In our conversation, we discussed how Jeff has updated and revised PLF over the years since he created it in 1996, and how to go about launching things today. Because the truth is, things are a little bit different than they were before. And that's the topic of today's conversation. Not when it comes PLF, specifically, but the fact that we as entrepreneurs, we do have to learn how to adapt and to change. We can't expect that things that we once used and succeeded with, are going to continue working just as well for us over time. Blogs used to be the cornerstone of online content and connection, but things have changed, and live streaming and online communities have quickly become the new standard. We have to learn how to adjust and adapt, and as Ross of Friends would say, to "Pivot!" to current reality. So let's talk about what that looks like for us entrepreneurs. Show notes and more at SmartPassiveIncome.com/session508See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

17 Sep 202115min

#507 Maybe you've heard the name Jeff Walker. Even if you haven't, you've probably heard of something called the Product Launch Formula (PLF). If you've been in business online for any number of years, PLF has become the staple way that people launch their products online. It's also referred to as the “three-video series formula” for pre-launching a product of any kind: a service, a physical product, digital product, online course, training—you get the picture. PLF has become ingrained in the world of internet marketing and online business, and today, we're talking with the man himself, the legend, Jeff Walker. Jeff "launched" his book Launch in 2014, and it went on to become a New York Times bestseller. He recently came out with a new, revised version of the book that updates the PLF formula to cover how to launch products in today's world, with shorter attention spans and shorter sales cycles. This is Jeff's first time on the show, and he's going to share with us his framework for launching a product online today, using the updated and enhanced version of the PLF formula that's been helping entrepreneurs make sales since 1996. This is a highly valuable episode that I'm sure many folks will want to listen to more than once. Let's hear it all from the guy who created the system that's made over a billion dollars for entrepreneurs. Show notes and more at SmartPassiveIncome.com/session507.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

15 Sep 202141min

#506 This week we spoke with Anthony Sarandrea, who gave us a lot of gold nuggets about generating leads online. But I know what some of you may be thinking: “I'm not even close to being able to do some of the things you talk about in that episode.” I still recommend listening to it, because we discuss an amazing approach to generating leads for your business. However, if you're just starting out, I want to point out one thing Anthony mentioned that's so important when you're starting to build your business because it makes everything else so much easier: before you start trying to generate leads, you need to know exactly what your target audience is going through. Hopefully, this won't be a foreign concept. But it bears repeating: everything else comes more easily when you know who your audience is. so how do you learn about them? Well, it's one thing to say, “I'm going to do some research, have conversations with people. I'll see what the forums are saying, put myself in people's shoes, and try to figure out what I can do to best serve them." That's a great start, and it'll definitely help. But it's just the first step. The next step is what I want to talk about today: becoming your target audience. Stick around and let's talk about what that looks like. Show notes and more at SmartPassiveIncome.com/session506.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

10 Sep 202114min