Creating a Profitable Business in 30 Days with Luca Gallone

Is it possible to get at least £3000 a month as profit from a business which was just created in less than 30 days? Jay Dhillon and Luca Gallone say it’s doable in just 11 easy steps!

Luca comes back to the Business Mentor Podcast with Jay to share how they started their business DentalReputation (http://dentalreputation.co.uk) within 30 days. DentalReputation focuses on helping the dentists in the management of their online reviews.

And for you guys, believe that there should be no excuse for you to say no in creating your own business. Jay and Luca’s business is the living evidence. It does not matter if the industry is not your comfort zone. The business you create does not have to be perfect. Just remember that things can be done and learnt along the way.

Jay and Luca’s 11 steps in creating a successful business could be helpful so start tuning in!

KEY TAKEAWAYS

Here are the 11 steps to set up a business and monetize on it very easily:

Step 1: Find a problem. Think about how the customers or clients could be benefitted. Brainstorm about possible problems. Look for the problem right away. It gives you the right footing.

The problem is getting bad reviews, or not getting reviews at all. These reviews could greatly affect you or your business’ reputation. Some are having a hard time to find a solution so Jay and Luca chose to focus on it.
Step 2: Pick a niche. Avoid being general and broad. it’s easier to find a solution to a problem if you have a focused niche. It will also benefit you in selling your service.
Jay and Luca chose to focus on dentists’ problem with reviews. These reviews could be about the customer service, the ventilation, and other external factors unrelated to the dentist’s performance.
Step 3: Test the measures. Test the market. Test the audience. Get the feedback from your future customers. Think of ways that will make them respond and give feedback.
For example, Jay and Luca sent golden envelopes to 70 random clients instead of opting for using online surveys. Jay and Luca managed to get a significant number of feedbacks.

Step 4: Find your products. Create a new product once you already get your profit. There’s a high chance that there is something similar already existing in the web. It’s much better to try a white-label software first. You can license your own and sell it in your own brand. It doesn’t have to be spectacular as long as it solves the problem.
Jay and Luca were able to find a white-label software that could help encourage more reviews on the dentist’s page and limit the negative reviews that are coming.
Step 5: Locate your audience. Get it out to a bigger audience. Think of ways that are not yet practiced by the competition out there. Where do these audiences congregate?
For the dentists, it wasn’t a Facebook group or any other online forum, it was a trade show.
Step 6: Have commitment and branding. Think about your competition. Think how to stand out.

Jay and Luca decided they needed a website. They made the website in just two days but managed to make it look like an established business for a very long time. They outsourced the design, used ClickFunnels, and made simple landing pages for the site. Everything was systemized from invoices to business cards to phone calls to emails!
Step 7: Find an influencer. Look for the biggest one in your niche and target them. Contact them through email or phone calls.
Jay and Luca found a singing dentist to perform on their trade show. This is to stand out even though alongside the big companies. It was a hit!
Step 8: Find staff. How do you show your future clients that you could compete with the big businesses out there? Have a team.
This may be applicable only for the trade show. They wanted to have the perception that they’re as big as other business out there. So Jay used his connections from his previous company and got two staff working for them.

Step 9: Create interests and generate leads.
Before the trade show, Jay and Luca read dentistry books just to have the idea what are the basics and all that stuff. They also did a demonstration during the trade show. During the demo, they were able to get contact lists of a possible market.
Step 10: Boost sales. Believe in your product. Be confident. Once you start, it gives you the adrenaline and keeps you going. It doesn’t matter if you get the sales upfront. What matters is your reach increases through the person’s close ties, colleagues, etc.
Jay did the on-the-floor selling and Luca did his magic. Jay and Luca managed to get more than 60 clients. They did 75% of their sales in one day.
Step 11: Nurture and customer service. This is one thing you shouldn’t neglect. Giving solutions for their problem is the most important. Value the new and existing customers.

(Optional) Step 12: Have an exit strategy. If you have a business, you may want to build it and keep it running. But for a business, that is created in limited time, it is best to have an exit strategy.
During the trade show, a bigger company had interest in Jay and Luca’s company and wanted to become partners. But instead, they decided to sell it. They gave them the list of their clients and the software. They were just happy that they were able to make a business from scratch.

BEST MOMENTS

“It doesn’t fit any of our backgrounds. It doesn’t fit any of our experience. But it proves that it doesn’t matter what area you go into. Business is business. And you can make it work.” – Luca Gallone
“It’s important to niche it down. Being broad and general doesn’t tend to work.” – Luca Gallone on focusing on a niche

“I don’t think that there’s an excuse for anybody to really want to start a business. It’s there for them. Sometimes, we do get mixed up trying to create this perfect business. But we do not need to.” – Jay Dhillon

VALUABLE RESOURCES

Here are some of the useful sites Jay and Luca used to make the business successful!

DentalReputation Official Site (http://dentalreputation.co.uk)
ClickFunnels (www.clickfunnels.com) for the sales funnel

ChargeBee (www.chargebee.com) for automation of recurring bills
Stripe (www.stripe.com) for card payments
Amazon (www.amazon.com) for logistics needs
Fiverr (www.fiverr.com) for design outsourcing
Upwork (www.upwork.com) for managing customer service

Moneypenny (www.moneypenny.com) for phone calls

ABOUT THE HOST

Jay Dhillon is a serial entrepreneur, investor and philanthropist based in the UK with a proven track record of growing businesses from start-up to success- and helping others do the same. From humble beginnings, Jay grew his first business from 0-500 employees and three locations, racking up sales of over £30 million – all without any investment other than a small amount of savings. The business went on to acquire major clients such as Landrover, Jaguar, Toyota and New Look, to name a few.

Its huge success inevitably brought about outside interest and at the age 33 Jay eventually sold the company to a London investment firm in Doyen Resources. Today, Jay owns several businesses in different sectors and helps entrepreneurs achieve success.

A calling to give back and help others led to Jay being chosen for the highly-coveted role as a Prince’s Trust mentor, where his achievements were marked by a personal invitation to Buckingham Palace to meet Prince Charles.

After helping several young entrepreneurs to success as a mentor for the Trust, Jay’s burning desire to bring his wisdom and knowledge to a wider audience ultimately triggered the concept of The Business Mentor Podcast.

Jay feels that anyone can achieve success in business with the right advice and mentoring and is now sharing his knowledge with his growing audience via his podcast.

In the UK alone 95% of business fail within the first five years and Jay’s aim is to reduce that number.

Backed with the hard-earned knowledge and experience from his time in business, The Business Mentor Podcast will share Jay’s personal business lessons as well those of other successful entrepreneur guests who share their wisdom and secrets on the show.

ABOUT THE GUEST

Luca Gallone is an internationally acclaimed magician and hypnotist. His lifelong passion for the art of magic started at the early age of 6. This passion then turned into a business. Since he was 18 years old, he continues to wow his audience including celebrities and top end corporate clients around the world. He remains to be the highly-recommended and the go-to magician for most clients because of his incomparable skills and work ethics.

Luca also joined Britain’s Got Talent 2015 and was an instant crowd favorite. Aside from the pleased 2000 crowd, he got unanimous Yes votes from the celebrity judges.

CONTACT METHOD

Luca Gallone