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EXECUTION Dan Lok failed 13 times in business? How did he recover?

Discussion in 'Progress/Execution Threads' started by Galaxy16, Aug 16, 2018.

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  1. Galaxy16
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    Galaxy16 Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    Was Dan Lok not really, really broke?
    How did Dan Lok recover 13 times?

    Yes, willpower. But I mean financially and factually.
     
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  2. DVU
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    He's just another run of the mill "guru"
     
  3. Galaxy16
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    Galaxy16 Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    Actually, he also promotes fastlane thinking.
     
  4. dzackb3l
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    Can't you tell that he is just pure BS? I personally can't believe a single thing he says... At least if you want to impress people who fall for appearance, rent a Bentley and drive it through the city not some sh*tty green screen edited by amateurs to mimic the movement of the car. I only watched him once to figure out that he's BS! He might have made some money, but definitely selling books and programs not following the BS he's selling. MUTE all that crap and focus on your ideas!
     
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    I smell a rat. Why have we been hearing "Dan Lok" so often recently?

    Something is up. Weaseling is afoot. Definitely the work of some species of rodent.

    But to answer your question, OP: he borrowed the money from family and friends for those businesses. They generally don't initiate bankruptcy like banks would.
     
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  6. Ninjakid
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    I started noticing Dan Lok's ads and wanted to see what all the hype was about. Especially since he's also from Vancouver. VanCity represent yo

    So I watched several of his videos. Actually saw some good sh*t. Apparently he's a martial artist too, so I dig that

    NOW HERE IS WHAT I DO NOT GET!

    So one of his videos features an (apparently) live sales call, where he sells consulting for $10000 for two hours. Ok cool, that's a lot of money.

    So then I watched his seminar where he spends 20 minutes talking about his life and what he owns now, which includes a $15 MILLION PENTHOUSE. And he explicitly states that he OWNS it.

    You see what I'm saying? When the numbers don't f*cking add up that's when I start to smell bullshit, and i got a sense of smell like a bloodhound.
     
  7. Sebastya
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    The average entrepreneur is said to fail 3.8 times, so I guess the majority only failed 1-2 times and he pushed up the average lol.
     
  8. Galaxy16
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    That would mean 1500 of those calls.
    Sorry, not that much.
    I am not willing to defend him, but maybe the Bentley is a motivation for the watcher.
    He also flew a private jet at some point.
     
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  9. DVU
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    @Galaxy16

    Just drop it. Who cares?

    Why do you still start dumb threads if you have 5+ in the landfill?

    Doesn't that say something to you and the types of threads you start?
     
  10. GoGetter24
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    Business is not for you. Stick to the slow lane.
     
  11. loop101
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    loop101 Silver Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    3.8? Scott Adams failed at something like 36 different business before he started Dilbert. He has failed at 2-3 careers, too.
     
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  12. Galaxy16
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    No, it does not. And some have even been moved there without explaination.

    Please say it.

    Because that does not necessarily mean that this thread is dumb.
     
  13. NovaAria
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    I think his numbers do add up as he's running several businesses and his wife is an entrepreneur as well.
    What I dont like is how much he shows off. His videos get cut off with his images from his own ads and sh*t.
    Clearly a guru practice.
     
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    No explanation?

    It means that they are useless, stupid and contribute 0 to the forum. Those are the sole reasons they are moved there.

    Go out there and do something, start a business. You will learn a lot more instead of wondering what some "dan lok" is doing and how he failed...
     
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  15. Fastlane Liam
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    Fastlane Liam Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    What business has he built?

    That'll separate a Guru from the Real Deal. Searching on google and I can't find the answer, all Im seeing is "Consultant" and "Millionaire Mentor". Maybe Im wrong but I can't find it.

    If I type in MJ, the first and second link say Limos.com STRAIGHT AWAY (not to mention his books and the forum)
     
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  16. Ninjakid
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    What a stupid comment, you know nothing about me boy

    But that's the thing, what are those other businesses? His most visible racket is teaching other people how to run businesses, but as for how he made all his money?

    I don't doubt he could get together the money for a $15M suite if he hustled, but $15M for a crib is like Bruce Willis money. So either I'm totally missing something, or he's just like all the other gurus we see. Pretty clearly guru practice like you say.
     
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    From what I could glean, he got his copywriting to the point he could sell sales letters for $10k apiece (back before copywriting was a widely shared "make money online" concept) to big clients, due to a combination of acquiring an expert mentor in that space, targeting the correct markets well, and being good at sales letters. He then reinvested it into the "digital products" rush (clickbank etc), back when that bandwagon was only just starting to roll, the market wasn't as flooded, and the margins were high.

    Anyone who's worried about following gurus: just read the biographies of the dead then. Guaranteed: they ain't selling anything. Turns out they all did pretty much the same things.

    All this anti-guru stuff is just action avoidance. It's a very subtle, weasely way of naysaying instead of just doing the work. Don't go looking for them if you don't believe in them -- unless the goal is to only to sh*ttalk, as opposed to make money.
     
  18. tiagosoares17.22
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    What some of you guys are saying its ridiculous. You don't watch his material for more than a few months, you don't know his past, in what businesses he is in, his investments, not even what he shares and his mentality!

    Guys, go work and focus on what matters.

    And if you end up listening to his material, listen closely, because for his free material, what he shares, can definitely give a new traction to people lives.
     
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  19. Sebastya
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    Yeah it's in the book "Failing Forward" by John Maxwell.
     
  20. JasonEP
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    What businesses is he running? How can anyone actually running "several" businesses have time to spend giving motivational talks and "helping others" on youtube? Especially when in addition to "running several businesses" he's also selling additional amounts of his time in the form of multi-hour long consulting gigs.
     
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    Go figure how Mark Cuban has his feet on 80+ businesses.
     
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    Investing in a business ≠ Running a business

    And when Cuban is on podcasts/tv/radio to pitch products they are actual products.

    And he has an actual track record of starting successful businesses.....and when you look for businesses Lok runs you don't find anything but his courses.
     
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    For the naysaying never-going-to-amount-to-anything douchebags: observe one of his fellow guru buddies, who has laid out in detail how he got there, on a yearly basis since he started:
    https://projectlifemastery.com/my-june-2017-monthly-goals-report/

    Oh, looks like another guru!! He must be a crook! He must have made his money only from consulting and fakery!

    Except those goal reports of his go back to when he had a full head of black hair (you can see his oldest youtube videos) and was making a pittance. Except he's explained in detail that he got his start with kindle books (he made north of 500 of them, some himself, some hiring ghostwriters), before then expanding into courses on how to make money with kindle books yourself (leveraging that skill he built up), before then expanding into other areas, leveraging his stable recurring income.

    But I don't know the specific naaaames of his companies! So it must all be fake!

    If you get rich and then tell others how to do it: you're a guru faker! If you don't tell anyone, then you got it by graft or in impossible ways I'll never know so it couldn't apply to me!

    I'm not satisfied with being a no-hoper loser, I want to verbalize it on an ongoing basis all over other people! That's where the loser get's his fullest and most pleasurable self-indulgence.

    f*ck, this place draws some absolute, complete and utter loser, self-inflicted, garbage attitude, committed defeatist mentality, [redacted].

    If I ran it, grumbling at the rich would be an automatic permaban offence, and any new registrant would have to go through a screening test to weed out those who are just here to self-indulge and drag the rest of us down.
     
    Last edited: Aug 19, 2018
  24. Galaxy16
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    I agree that the arrogance thread was garbage.
    But the thread about what MJ DeMarco plays on the piano was posted into off-topic deliberately.
    And the thread about treasonous decisions addressed a topic in the TMF book, which was still moved without explaination to the landfill.
    The moderators either overlooked or ignored my request for a brief explaination, which left me confused.


    Embraced. I am looking forward to learning much.
     
  25. Galaxy16
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    Alright, good questions!
    I totally have to agree on them.
     
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