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Blink 3 of 8 - The 5 AM Club
by Robin Sharma
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Launch summary
Jeff Walker
An Internet Millionaire’s Secret Formula to Sell Almost Anything Online, Build a Business You Love and Live the Life of Your Dreams
20 mins
Brief summary
Launch by Jeff Walker is a marketing guide that outlines a step-by-step formula for launching a successful online business. It emphasizes the importance of building an email list and creating a product that addresses a specific audience.
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Launch
Summary of 9 key ideas
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Key idea 1 of 9
The instant communicative power of the internet puts to rest marketing based merely on hope.
You’ve spent years thinking about a fantastic business idea, mulling over its possibilities and dreaming of success. Then, one day, you think: “What the hell, I’ll go for it!”
So, you borrow all the money you can to get your dream business off the ground and you present it to the world. Then you sit back and wait for the money to start rolling in.
The only problem is that no one seems to think your idea is as good as you do.
This is exactly how many new businesses fail: they succumb to what’s known as hope marketing – making a service or product available and simply hoping that it will be popular.
Yet hope is no foundation on which to build a successful enterprise. If you want to succeed, you cannot merely hope that things will work out; rather, you have to control, as much as possible, your chances of succeeding.
Easier said than done, you’re probably thinking. Luckily, our modern world provides us with the perfect tools with which to escape our ill-advised reliance on hope marketing.
The key to building a successful business is to engage with your prospects – your potential customers – and the instant communicative power of the internet can help you accomplish this.
In the past, if you’d wanted to find out what these potential customers thought of your idea for a service or product, you’d have to reach out to them and then wait days, weeks or even months for a reply.
Using email, this can be achieved in minutes.
The power of the internet enables you to discover, in record speed, precisely how attractive your idea is to your prospects. And the sooner you find out which ideas don’t work, the sooner you can discover what does.
Furthermore, with this incredible increase in speed comes a massive reduction in costs: whereas in the relatively recent past, sending an email or publishing a marketing article could cost you a small fortune, today it doesn’t have to cost you a single cent.
Yet this doesn’t mean that using the internet means instant profits. You have to use your available tools wisely, as you’ll see in the following blinks.
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What is Launch about?
With his Product Launch Formula, Jeff Walker has changed the way we sell. In his book Launch, he outlines his tried-and-tested strategy for selling products online and building a business that’s almost guaranteed to bring success. Walker shows you how he’s succeeded by outlining a step-by-step plan for launching your product – even before you know exactly what it is.
Best quote from Launch
Fact: One JV launch helped the author make $12,000 in just one second and $1 million in under an hour!
—Jeff Walker
Who should read Launch?
- Anyone who wants to establish an online business
- Entrepreneurs looking to create a solid marketing plan
- Established companies seeking an effective marketing strategy
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