This Is What It Takes to Go from $0 to $1 Million in Less Than One Year

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This Is What It Takes to Go from $0 to $1 Million in Less Than One Year by Mind Map: This Is What It Takes to Go from $0 to $1 Million in Less Than One Year

1. Michael Sherman’s Story

1.1. He doesn't have anything he calls a profession

1.2. His résumé of jobs is varied

1.3. He transferred in and out of a total of five different universities

1.4. He dropped out of high school

1.5. He became an entrepreneur. He used:

1.5.1. His brain

1.5.2. A laptop

1.5.3. Google Adwords

1.6. He founded Letterdash

1.6.1. He now makes over 100K per month

2. 1. Don’t Rush to Raise Capital

2.1. It only adds layers of complications and pressure.

2.1.1. Pressure can lead to bad decisions

2.2. All you need in the early days is the commitment to grow from there

3. 2. Don’t Rush Into Development

3.1. Figure out who the product is for

3.2. Don't focus solely on your vision and on how it would be executed

3.3. Get customers first, build your product later

4. 3. Start Small …and Boring

4.1. Spend time on keyword research using the Google Ads Keyword Tool

4.2. Figure out if the search volume warrants the green light and test the idea

4.3. Come up with a business name

4.4. Find a cheap .co domain

4.5. Throw up a very basic, yet credible looking website

5. 4. You Need to Obsessively Tweak

5.1. Tweak and test ideas along the way

5.2. Analyze the success of previous clients

5.3. Listen to the customer

6. 5. Invest in Customer Success

6.1. Focus on customers’ feedback

6.2. Use feedback to improve your service

6.3. Make sure every customer is satisfied