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Dane Maxwell AMA-- SaaS, Membership Sites, The Foundation

MJ DeMarco

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Ladies and gentleman I'd like to welcome Dane Maxwell to our little corner of the world for our latest AMA.

Dane will be joining us Monday September 9th for a little AMA.

Here is a brief bio for Dane

danemaxwell.jpg

At age 22 Dane Maxwell was scammed for $12,000 by buying a business online - it was a sham. Broke, humiliated, and totally lost, he moved back into his parents basement. And it was this turning point that led Dane to say F*ck this, and figure out how to make money on his own without the help of anyone.

Propelled by desperation... and starting with just $123 to his name, he built his first six figure web based business without any idea, any money, and any expert knowledge. The idea was given to him, the money was given to him, and he hired out the expert knowledge. Incredible.

Since then, he's built 4, 6 figure web based products and has taught 1,000's of others how to repeat his process. He believes anyone can start a business if they understand this framework.

What makes Dane different is not that he's built kick a$$ companies and never has to work again... what makes him different is that he focuses on the internal game of Entrepreneurship. Mindset and deep limiting beliefs.

Dane is also one of the masterminds behind TheFoundation, a entrepreneurial bootcamp that has created dozens of successful entrepreneurs leveraging the SAAS model.

For more information on that program visit:

Do you know the most important word in business? | The Foundation

For more information on some more great entrepreneurial resources visit

Starting from Nothing - The Foundation Podcast | The Foundation

As always, please be respectful to our guest.

Topics to consider:
  • Entrepreneurship
  • Finding Needs (Exploration)
  • Failure lessons
  • Niche opportunities
  • Successes (And failures) of students

Also, if anyone is interested in running a bootcamp, or an educational system, Dane would be good person to ask as well.

Enjoy,
MJ
 
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MJ DeMarco

I followed the science; all I found was money.
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OK, since everyone appears to be shy, I'll start...

1) How do you avoid having your students compete in the same space? Or do you?

2) The business you bought for $12K and got "scammed" -- how exactly was it a scam? Please provide details so as someone here might not repeat the same mistake, or so we will know how to spot the red flags.

3) Was the business found at Flippa?
 

ZaneN22

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Awesome! Thanks for jumping on here and sharing your knowledge. It sounds like you've had an incredible journey so far!

Here are the questions

4) I see you mention a lot about preselling companies. I understand getting them on the phone, but how do you convince them to pay you and wait for "x" months until you have a product ready for them?

5) How do you guarantee they will actually purchase once they said they would? Do you put contracts in place or is it just word of mouth?
 
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