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I decide
where I want to be, and I do whatever it takes to get there.
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Jo
Han Mok
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Brought
to you in partnership with Rod Beckwith - http://mrjv.com
Education: Master's of Business
Year Started Business: 2001
Type Of Business: Information products
Target Market: Home-based entrepreneurs
Number Of Employees: "Currently I have three full-time staff.
A Web programmer, a staff writer, and a operations director. I also have
a partner who is a hotshot Internet marketer, Ewen Chia."
Best Month (Gross Revenues): $86,535.15
Hours Worked Per Week During Startup: "I think a more appropriate
question is how many hours I managed to sleep. *lol* I would say I spent
about 10 to 16 hours a day, so that would be a minimum of 70 hours a week."
Hours Worked Per Week Now: Under 30 hours a week
Favorite Business Magazines: "Actually, I dont read
business magazines. Maybe its because Im greedy, and I want
to know everything there is to know about business, so I much prefer courses,
manuals, and how-to books. If I do read magazines, they usually have nothing
to do with business. I like magazines on electronic gadgets, health and
fitness, and magic (my hobby)."
Favorite Business Books Or Authors:
- How To Succeed In Business By Breaking All The Rules, by Dan
S. Kennedy
- 13 Secrets of Power Performers, by Roger Dawson
- How To Get Rich, by Donald Trump
Relaxes By: Clubbing, going to restaurants, and taking short trips
to beach resorts
Keeps In Shape By: Swimming and practicing yoga
Favorite Part Of The Job: "Helping other people increase
their wealth and financial well-being from using my methods. While some
might beg to differ, Ill be up front and let you know that if youre
in any business just for the money, you wont be a very happy person,
and because you do not have a greater objective that drives you in your
business, business longevity will become an issue."
Least Favorite Part Of Your Job: "Answering e-mails. Its
tedious and time consuming because there are WAY too many e-mails. Then
again it is part and parcel of an Internet business. A spam filtering
service like Spam Arrest helps a lot in cutting e-mail load."
Companies Admired: Nightingale Conant, Group M Publising, and
SFI
The Person Who Most Influenced His Life: Dan Kennedy - "Ive
methodically modeled his approach to marketing, and it has paid dividends."
Heroes:
- Joe Vitale - "He turned me into a Hypnotic Writer."
- Ted Ciuba "He was responsible for giving me my first break
by not only consenting to joint venture with me, but also inviting me
as a guest speaker to his bootcamp."
- Mark Joyner "The godfather of Internet marketing. His
marketing shops are quantum leaps above anyone else on the Internet."
Special Business Achievements/Honors: "My Killer Web Copy
software, co-created with Ted Ciuba, achieved a four out of four stars
rating in the Pierce Safe Report. Terry Dean declares it the best copywriting
software thats out there. Im also the copywriter behind the
infamous Joe Kumars 30 Days To Online Success, which generated over
six figures in four weeks. As a speaker, Ive also shared the stage
with illuminaries like Ted Ciuba, Joe Vitale, Armand Morin, Peter Sun,
Randy Charach, Carl Galleti, Kirt Christensen, Alex Mandossian, Frank
Garon, Jeff Gardner, Michael Penland, David Garfinkel, Mike Stewart, Bill
Harrris, Brad Antin, Mal Emery, Brett Mcfall, Tom Hua, Paul Barrs, David
Cavanagh, and way too many others to list here. What did I do to deserve
these achievements?I guess I can boil it down to one word: Work (smart)."
Months Before Achieving A Profit: "It took me six months
to make a whopping $34.95." : - )
Books/Tapes/Reports Authored: Check out the following Websites:
Contact Jo Han Mok At: Phone - (+65) 6836 6636 (Singapore); Fax
- (+65) 6836 6636; E-mail - johan@superfastprofit.com
GETTING STARTED TIPS:
I'm starting a home business next month.
I have a maximum of $3,000 in start-up capital. Where should I invest
it?
Heres what Id do. Id take $500 and use THAT to set
up a business and keep the $2,500 for a rainy day. In fact $500 is MORE
than enough to start a successful home business. Its the kind of
leverage the Internet provides. Lets take a look at how Id
spend that money:
- Ill get a domain name as well as dedicated hosting for $34.95,
and this includes an all inclusive automation station that allows you
to run your own affiliate program, have unlimited autoresponders, and
basically all you need to run your entire Web business.
- Ill set up a blogger.com account (free).
- Ill use $27 to join an article submission service.
- Ill use $200 to buy a nice bunch of co-registrations, and start
funneling them into my autoresponders.
- Ill use the remaining $200 to buy run Google Adwords pay-per-click
campaigns.
- Ill use my profits to re-invest in advertising and do it on
a larger scale.
So to conclude, $3,000 is WAY TOO MUCH to run a successful business.
: - )
I've just started a home business. My spouse
has given me six months to make it work. Any advice?
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I believe the element of uncertainty, the
possibility of failure, the absence of a safety net is a VERY POWERFUL
motivator for success. You have no choice but to make your business
work.
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Its important to define what it means when a business is "working."
I would use profits as a gauge to measure whats working, because
its the ultimate proof of whether your business isworking.
If youre constantly raising the bar for profits levels during the
time frame, then your business is definitely working.
They say it takes money to make money. Should
I try to get a small-business loan for my startup capital or just try
to get by with my own limited finances?
Well, the reverse might be more true. If you cant make money without
money, what makes you think you can make money with money?
I believe the element of uncertainty, the possibility of failure, the
absence of a safety net is a VERY POWERFUL motivator for success. You
have no choice but to make your business work. So while I think a small-business
loan might make life more comfortable, I think discomfort will make you
better at business.
TECHNOLOGY & TOOLS:
How quickly do you adopt new technology for
your business?
Very quickly. But I go about it with caution. I want to make sure that
I can leverage new technology and make my business better. If theres
a steep learning curve and if its gonna create more problems than
benefits, then Ill pass.
Do you use a fax machine with a dedicated
line?
Yeah. I use it for basic fax needs. Nothing fancy.
Do you use autoresponders?
Yes. I use autoresponders to:
- Follow up with prospects.
- Encourage consumption. (Refer to Alex Mandossians "Consumption
Theory.")
- Increase customer retention by delivering unannounced bonuses.
- Promote affiliate programs on autopilot.
If you use voicemail, what is your primary
use for it?
Voicemail to me is a very important time management tool. I use voicemail
to filter out the important calls to return, and I can do that at my time,
rather than allow phone calls to distract me in my primetime.
What software do you consider in the "must-have"
category?
- Microsoft Frontpage
- Eudora
- Cute FTP
- Word Tracker
- 1ShoppingCart
- Audio Generator
What other technology do you use in your business?
I use a smart phone, Portable Mp3 player, portable hard disk drive, digicam,
and a Thumb Drive.
Name up to five personal favorite business
URL's our readers can benefit from:
Here are my top 5 business URLs:
Of all the technology you use, rank the top
three.
My portable MP3 player, my portable hard disk, and my smart phone. The
MP3 player allows me to listen to educational audios, the hard disk allows
me to back up all my important data (an important habit I picked up through
painful experience), and my smart phone allows me to stay connected constantly.
MARKETING/ADVERTISING:
How do you market on the Internet?
I use a very basic process:
Step #1: I generate leads, either through paid or free methods.
Step #2: I put them through a funnel that warms these leads up and I
shoot for a low ticket front end sale.
Step #3: The customers are then segmented from the leads, and are put
into a separate funnel altogether.
Step #4: I backend my new customers, and I follow up with my existing
ones.
Approximately what percentage of your sales
originate from Internet marketing?
Id say a good 80%. The rest is through speaking engagements.
How do you market through direct mail?
While I have a very strong background in D.M. I have not officially used
my offline shovel, although my new company gives me the perfect excuse
to start using my offline D.M chops again. Primarily, well use a
multistep marketing process after the lead is generated.
Its a basic system, but I know from experience that this basic
stuff works like a charm, as Ive tested it.
How do you market in the print media?
I just started a company that will be dealing in offline advertising,
so well be running lead generation ads in periodicals and newspapers.
Our ads are only for lead generation, strictly speaking. This will enable
the prospects to be sifted out from the suspects.
Approximately what percentage of your sales
originate from broadcast advertising?
No, but Im looking into that. Im gonna try Yanik Silvers
method and see what kind of results itll pull. Ive not tried
fax broadcasting, and Im generally skeptical about ad-agencies,
so all I can say is, well wait and see.
What other kinds of marketing do you utilize?
Were exploring the possibility of using PR as well as joint venturing
with offline event companies.
Where do you market? (locally, nationally,
internationally, all three?)
I market internationally. This is the beauty of the Internet.
THE HOME OFFICE:
How should someone set up his/her home office
to maximize its effectiveness?
While I would theoretically advocate having a nice neat desk with your
fax machine and gizmos close to you, in reality, I work pretty differently
from other people. All I need is my laptop and Im all set. I can
do work in front of the TV, talk on the phone, and probably be doing tons
of other stuff at the same time. Maybe its because I suffer from
Attention Deficit Disorder. Focused Work seems too much like
college stuff and tedious essay writing. I much prefer to do it in small
bits and pieces and have fun while working, so that it doesnt seem
like work at all.
What, if any, ground rules have you established
for yourself and family in order to operate a successful home business?
Well, Im currently single, and I dont live with my parents,
so I guess there are no ground rules for my family. For myself personally,
I just make sure I accomplish my daily goals. I dont always succeed
because I like to play far too much, but at least I try.
What are some of the advantages to working
at home? What are some of the disadvantages?
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I am of the firm opinion that no man is
an island. If you can find the right partner and foster mutual host-beneficiary
relationships, then that can do wonders for your business.
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If you work at home, you can wear boxers. An office environment, though,
sorta forces you to "work," and is generally more conducive.
Even though I LIKE working from home, sometimes I dont think its
a good idea to let your place of rest be your place of work. The best
solution is one that I devised for myself. Ill work in an office,
but I can work from home, or anywhere else if I choose to. My business
is mobile, and as my mentor Joe Vitale likes to say: I could be
anywhere.: - )
MANAGEMENT STYLE:
What part(s) of your work do you farm out?
I usually farm out technical stuff like Web mastering, programming, or
scripting. Support is also farmed out.
What part(s) do you feel should never be farmed
out?
I feel that marketing and joint venturing should never be farmed out.
These are the actual 20% of my efforts that account for 80% of the results
I achieve.
Do you encourage or discourage partnerships?
I encourage partnerships. I am of the firm opinion that no man is an
island. If you can find the right partner and foster mutual host-beneficiary
relationships, then that can do wonders for your business.
Do you encourage or discourage hiring family
members?
I discourage hiring family members. There are pros and cons, like the
trust you have, but generally, I feel that business being a war zone could
affect your family ties. If your business has issues, at least it doesnt
affect your family life if none of your family members are involved. Imagine
screwing up both your business and family life? Now thats seriously
hazardous to ones mental health.
When legal issues arise, whats your
usual response?
One call thats all. To my lawyer that is. : - )
MONEY & INVESTMENTS:
What are the advantages of earning a lot of
money. What are some disadvantages?
Advantages? Well, you can buy whatever money can buy, and you can pay
people to do all the things you dont like, and you can help whomever
you wish to help. As for disadvantages
Geez. I cant think of
any
but if you do have that problem, thats a pretty darn good
problem. HAHA
Best general tax advice?
Invest in some software or courses that teach you how to save on your
taxes. Im really not an expert on taxes, so Im not in the
best position to dispense solid advice. Suffice to say, Ill pay
whatever money is necessary to keep the government from finding an excuse
to put me behind bars or interfering in my business.
Best general investment advice?
Invest in YOURSELF. You cant go wrong. After that, invest in ASSETS,
like REAL Estate.
You're in business already, and you've just
received a windfall of $20,000. What would you do with it?
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...As an Internet marketer, its not
about how much money you have to invest in a business, its
the know-how. After all, its now the knowledge-based
economy.
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Ill take $3,000 out of it to go for a short trip. While Im
enjoying myself, Ill figure out what to do with the remaining $17K.
But generally, Ill stash the $17K away, and only take $500 and pump
it into my business. Im not a cheapskate, but I dont really
need that much money to make a business profitable. Hosting beneficiary
relationships are more than adequate to be "in the money." It
really all boils down to the nature of your business, and as an Internet
marketer, its not about how much money you have to invest in a business,
its the know-how. After all, its now the knowledge-based
economy.
THE ROAD AHEAD:
In five years I'll be...
Retired.
In 10 years I'll be...
35 years old, and still retired.
POWERFUL IDEAS:
What was the motivating factor that drove
you to start your own business?
I guess the greatest appeal to me was the prospect of being to live life
on my own terms. Ive always been pretty rebellious as a kid, and
I dont take too well to authority, so taking responsibility for
myself both from a personal and financial standpoint seemed to be a pretty
logical move.
What role, if any, did your family play when
you were getting your business off the ground?
Well, I listened to my parents well-meaning advice, and then proceeded
to do the exact opposite. : -)
Whats the best thing about being self-employed?
You get to write your own paycheck. A pretty fat one that you ordinarily
will not get by being employed by others.
How often do you read books and/or listen
to or watch tapes for improving your business skills or knowledge?
Every single day. I strive to include AT LEAST one hour so self-education.
The most underrated activity in business is
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My best business decision was to finally
give up trying to learn HTML, and concentrate on what I do best.
Understanding the fact that you DONT have to wear all the
hats in business was a real breakthrough for me.
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Copywriting.
The most overrated activity in business is
Advertising.
What was the biggest obstacle you had to face
when you were launching your own business? Whats your biggest obstacle
now?
The biggest obstacle that faced me was really a lack of credibility.
My biggest obstacle now is being unable to decide where to go for lunch.
OK, so that wasnt THAT funny. Actually, my biggest obstacle now
is fighting with being able to abdicate my position of power because Im
pretty much a control freak and there are some things I dont exactly
feel very comfortable outsourcing, but I dont exactly have a choice.
But I believe in life, you have to learn to trust others, so Im
trying to battle the skeptic in me and give other people the benefit of
doubt.
If you had to start your business all over
again, what would you do differently?
I would have NOT wasted so much time thinking about doing
it, and actually doing it.
What was your worst business decision?
My worst business decision was really to have my girlfriend work for
me. So when I dumped her (or rather, when she left me), I felt at a loss
because she was almost indispensable. Ive learned not to make any
employee or partner indispensable because no matter how much you think
that things will never screw up, O' Tooles law sets in. (O' Tooles
law states that Murphy was an optimist.)
What was your best business decision?
My best business decision was to finally give up trying to learn HTML,
and concentrate on what I do best. Understanding the fact that you DONT
have to wear all the hats in business was a real breakthrough for me.
As Mark Victor Hansen said in his excellent book, The Power Of Focus,
if you try to work on your weaknesses, you end up having many strong weaknesses.
Learning to concentrate my efforts and streamlining my business model
to let me focus on revenue-generating activities only has been hands down
the best business decision Ive ever made, and I have not turned
back ever since.
What do you consider to be the main keys of
your success?
Id say the keys to my success are namely:
- A never-say-die attitude.
- Knowing how to apply leverage.
- Being able to think accurately and objectively.
- Being able to say "next."
- Being able to recognize opportunities, and taking massive action when
I spot one.
I dont think I know any entrepreneur worth his salt who does not
possess these qualities.
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Learning to concentrate my efforts and
streamlining my business model to let me focus on revenue-generating
activities only has been hands down the best business decision Ive
ever made, and I have not turned back ever since.
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What's your success philosophy?
Whatever your parents and school teachers tell you to do, just do the
exact opposite and I guarantee youll be a success. : - )
What about you has changed the most since
finding success in business?
Ive realized that there is much more to life than just money.
What is the legacy you hope to leave?
Selfishly, I want to be the greatest Asian Copywriter who has ever walked
the face of this planet. I also want to be known as one of the most "entertaining"
marketers.
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