The Tai Lopez Show

“Most people today drive traffic using Facebook Ads or Instagram. Especially if you have a visual product that looks interesting.” - Dr. Alex Mehr

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Creating a website isn’t enough.

While you listened to the advice that you need an online presence, you haven’t fully captured the message. A website without traffic is like a store without people. But the difference between having a website and owning a store is that you can manually bring in traffic by harnessing the power of online advertising platforms.

On today’s episode of The Tai Lopez Show, we are joined by Dr. Alex Mehr. He is the CEO of MentorBox, an online book subscription service. In the past, he has run online businesses that have done over $1 billion in revenue, like the online dating website Zoosk. Today, we hear his insights on what it takes to launch a successful online business. Tune in to hear his expertise and take your business to new heights!

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“There’s no change without a change in routine. The only way you hit goals is by changing your ways.” - Tai Lopez

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Points to Keep In Mind

  • Try to start businesses in industries with pre existing competition over completely unknown markets
  • Try not to ask your friends how much money their companies are making
  • You can use 3 word domains for your business URL
  • Research your domain name to make sure you’re not infringing on copyright
  • U.S college debt is currently anywhere from $1.3 billion to $2 billion
  • Use Shopify over ClickFunnels for design purposes
  • Use apps like Recurly, Bold, or Recharge to turn your online business into a subscription model
  • The average person makes a 3% raise every year
  • Create non overlapping ad sets to make sure you’re hitting all demographics
  • Think of Facebook Ads in terms of pizza: campaigns, ad sets, and targeting
  • Consider the pricing structure that labels the product as free but charges for shipping
  • Use Aliexpress to dropship products from overseas
  • Integrate video into your website for better storytelling
  • Understand that people don’t want to stand out; they want to be part of a group

Learn new skills insanely fast with MentorBox here!

Direct download: TLS_4-2-18_-_FINAL_MIX.mp3
Category:general -- posted at: 2:00am PDT