In episode #666, Eric and Neil discuss what to do with your success. Tune in to hear what your next steps should be.

TIME-STAMPED SHOW NOTES:
[00:27] Today’s Topic: So You're Making Money Now... What's Next?
[00:48] Neil’s current salary is $0 and he dumps all profits back into his company.
[00:55] He has no other passions, so what would he do with the money?
[01:10] Neil thinks a business is like a baby and they only want to nurture their baby.
[01:30] Take the absolute minimum salary that you would need. Don’t forget you have to pay taxes on your income!
[01:45] Putting your profits back into your business is the best ROI.
[02:15] The best bet is always the one you take on yourself.
[03:05] If you have other aspirations besides your business, that’s cool, but if you want to further your business, always reinvest in it.
[03:32] If you’re content and don’t care for more money, take the money and do what makes you happy.
[03:50] OR you could hire people to run your business and take it to the next level.
[04:22] If you want more, but aren’t a great leader, hire the right people to run your business.
[04:45] Be ok with letting go of control.
[04:56] Read the book Rocket Fuel for inspiration.
[05:10] The COO Alliance is the only organization in the world that wants to help the number 2 leader in every company.
[05:37] Invest in your number 2, because they will be the driving force of your company.
[05:44] That’s it for today!
[05:47] Go to Singlegrain.com/Giveway for a special marketing tool giveaway!

Leave some feedback:
What should we talk about next? Please let us know in the comments below.
Did you enjoy this episode? If so, please leave a short review.

Connect with us:
NeilPatel.com
Quick Sprout
Growth Everywhere
Single Grain
Twitter @neilpatel
Twitter @ericosiu



Learn more about your ad choices. Visit megaphone.fm/adchoices

In episode #666, Eric and Neil discuss what to do with your success. Tune in to hear what your next steps should be. TIME-STAMPED SHOW NOTES: <ul> <li>[00:27] Today’s Topic: So You're Making Money Now... What's Next?
</li> <li>[00:48] Neil’s current salary is $0 and he dumps all profits back into his company.</li> <li>[00:55] He has no other passions, so what would he do with the money?</li> <li>[01:10] Neil thinks a business is like a baby and they only want to nurture their baby.</li> <li>[01:30] Take the absolute minimum salary that you would need. Don’t forget you have to pay taxes on your income!</li> <li>[01:45] Putting your profits back into your business is the best ROI.</li> <li>[02:15] The best bet is always the one you take on yourself.</li> <li>[03:05] If you have other aspirations besides your business, that’s cool, but if you want to further your business, always reinvest in it.</li> <li>[03:32] If you’re content and don’t care for more money, take the money and do what makes you happy.</li> <li>[03:50] OR you could hire people to run your business and take it to the next level.</li> <li>[04:22] If you want more, but aren’t a great leader, hire the right people to run your business.</li> <li>[04:45] Be ok with letting go of control.</li> <li>[04:56] Read the book <a href="https://www.amazon.com/Rocket-Fuel-Essential-Combination-Business/dp/1942952317"> Rocket Fuel</a> for inspiration.</li> <li>[05:10] <a href="https://cooalliance.com/">The COO Alliance</a> is the only organization in the world that wants to help the number 2 leader in every company.</li> <li>[05:37] Invest in your number 2, because they will be the driving force of your company.</li> <li>[05:44] That’s it for today!</li> <li>[05:47] Go to <a href="http://www.singlegrain.com/giveaway">Singlegrain.com/Giveway</a> for a special marketing tool giveaway!</li> </ul> Leave some feedback: <ul> <li>What should we talk about next? Please let us know in the comments below.</li> <li>Did you enjoy this episode? If so, please leave a short review.</li> </ul> Connect with us: <ul> <li><a href="http://neilpatel.com/">NeilPatel.com</a></li> <li><a href="https://www.quicksprout.com/">Quick Sprout</a></li> <li><a href="http://growtheverywhere.com/">Growth Everywhere</a></li> <li><a href="http://www.singlegrain.com/">Single Grain</a></li> <li><a href="https://twitter.com/neilpatel">Twitter @neilpatel</a></li> <li><a href="https://twitter.com/ericosiu">Twitter @ericosiu</a></li> </ul> Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

Neil Patel and Eric Siu bring you daily ACTIONABLE digital marketing lessons that they've learned through years of being in the trenches. Whether you have a new website or you're an established business, you'll learn the latest SEO, content marketing, social media, email marketing, conversion optimization and general online marketing strategies that work today from people that actually practice marketing and operate businesses.
Approaching 100M downloads with 2,500+ episodes, you're sure to find something that will help you grow faster. Also don't forget to subscribe to our Marketing School YouTube channel to get more marketing goodness.

Marketing School - Digital Marketing and Online Marketing Tips

In episode #666, Eric and Neil discuss what to do with your success. Tune in to hear what your next steps should be. TIME-STAMPED SHOW NOTES:  [00:27] Today’s Topic: So You're Making Money Now... What's Next? [00:48] Neil’s current salary is $0...

So You're Making Money Now... What's Next? | Ep. #666

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/17c16b55-1759-4caf-90a9-b0d20062e7b0/transcript

Advertisement