🧠 A $5K/Month Personal Accountability Service

Why You Need to Hear About This Guy and How Delayed Gratification Determines Your Success

You know what all the cool kids are doing these days? They’re referring their friends to 3 ideas on Sunday.

Do you wana be a cool kid? Ok I gotchu.

Get your unique referral link Here. Send to a friend. Get rewards.

That simple.

Todays’s estimated read time: 3 minutes 45 seconds

1. Business idea of the Week: Personal Accountability Service

When you set a goal, the only way to accomplish it is by staying accountable to the actions needed to reach the goal.

Want to lose 10 lbs? Go to the gym 5 days a week & cut out the junk food.

Want to get better at writing? Write one blog post everyday.

Want to get better at shooting free throws? Shoot 50 free throws everyday.

Notice a pattern here?

Consistent actions are the key to reaching a goal.

But let’s be real… Consistently taking the actions is tough. If it were easy we’d all have six pack abs and shoot free throws like Michael Jordan.

The Idea: Create an accountability service that keeps people accountable to their actions needed to accomplish their goals.

I’m talking real human interaction here. A text or call every day saying “It’s time to go to the gym”. Or a phone call saying “when are you publishing your blog post”.

Reaching out to people everyday to keep them accountable to their goals.

How to get started: To start, it’s important to pick one niche, and one ideal customer. You can help people stay accountable to losing weight, becoming a better writer, or really any goal.

Once you decide on the niche you will focus on, you can create a landing page using carrd.co, and start reaching out to your ideal customers.

Twitter, Reddit, and Facebook groups will be great places to advertise your services, as well as direct message potential customers.

Your pitch can look something like this: “Hi! I see you’re also in this weight loss facebook group, and thought weight loss may be one of your goals for this year! I run an accountability service where we help our clients accomplish their weight loss goals through daily check-ins. Would love to have you try out our service for a few weeks at no charge. Let me know if you’re interested and I can send over some more info.”

It will likely take a lot of cold outreach to land your first client, but once you’ve got one client, you can leverage their testimonial to find new clients.

Prices will vary on what clients are willing to pay in your nice, but let use $35/week as an example.

At $35 per week or $150 per month, you will need 33 customers to get to $5K per month.

This will mean 33 texts/calls per day. But the good news is that you can easily outsource to a VA to scale this business.

Things I like about this business:

1. $0 start up cost. Set up a free carrd landing page and start reaching out to your prospects. ✅

2. Scale the business with Virtual Assistants! 📈

3. Fully remote business that can be run from anywhere in the world. 🌎

Let me know what you think!

2. Delayed Gratification Determines Your Success

Delayed gratification is highly correlated to how successful you will be.

Here’s how I know.

In 1972, Stanford University conducted a famous study called “The Stanford marshmallow experiment”.

Children were put in a room with one marshmallow and told if they waited 15 minutes to eat it, they would be given a second marshmallow.

Some kids ate the one marshmallow right away. Other kids waited for the second marshmallow.

Guess which kids turned out more successful in life? Yup, the kids that waited.

They continued to follow these kids throughout their life and found the kids that waited for the second marshmallow had better life outcomes.

In other words, kids that were able to delay their gratification became more successful in life.

It makes total sense though right?

When an entrepreneur starts a business, the monetary success usually doesn’t happen for many years.

For example, they may see their friends making $100K per year while they’re making $40K building their business. But after 10 years, they sell that business for millions and surpass the net worth of their $100K/year friend.

They delayed their gratification for 10 years, and ended up with a much bigger prize.

Same with investing. You could spend $6K every year on something cool… Or you could put that $6K into a Roth IRA every year, and end up with a $1 million in 30 years.

Sacrifice today for tomorrow, and your long term results will show for it.

3. You Need to Hear About This Guy

So there’s this guy named Mike Merrill.

You’ve probably never heard of him, but Mike is the first “publicly traded human”.

Yea you read that right…. You can publicly trade Mike.

In 2008 Mike split himself into 100k shares, and sold them to the public at $1/share.

Just like buying a company on the stock market. Except it’s a human.

And just like owning shares in a company, shareholders vote on decisions.

For example:

Should Mike buy a media company?

Should Mike take a new job?

Should Mike try a new drug?

Whatever the shareholder vote, Mike does.

Mike’s shares are currently trading at 6.50, meaning his market cap = $650K

Now it’s got me thinking. What would my market cap be?

Anyways.. If you want to purchase shares or track the price of Mike → Check this out.

But theres also more to this story…

This guy named Patrick Campbell just sold his company for $200 million, and now he’s on the hunt for something to buy.

A car? A boat? A new house? - Nope

Patrick wants to buy Mike.

Patrick has begun a hostile takeover of Mike, where he is attempting to buy 15% of Mikes shares, which he believes is enough to influence the shareholder votes.

You can read more about his whole plan here:

PC @Patticus

36 days ago I started my first hostile takeover. It was of a human being - @kmikeym, the first publicly traded human. Sold @ProfitWell for over $200M and don’t like Lambos so this is where my fun money is going. :) Here’s how I did it and how I intend on making money ⬇️

June 15th 2022

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