Nov 23, 2015
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This episode of Join Up Dots has been brought to you courtesy of Bootstrapping It!
Episode 21: Podcaster David Ralph “Joins up Dots” along his entrepreneurial journey
David is the host of Join Up Dots, a daily podcast produced in the UK. The one simple mission of Join Up Dots is to help us all believe that the future can be whatever we want it to be.
In this episode we talk with David about the transition from employee to podcaster and the monetization plans for his business, including his new podcasting platform, Podcaster’s Mastery.
Key takeaways
- David, a believer in the “side hustle” as a way to transition from employee to entrepreneur, had been working on various online platforms 6 years before he finally quit his job. He initially quit his job to become a web developer, but soon became bored with it.
- David became inspired to podcast after listening to John Lee Dumas and Michael O’Neal.
- As David has been growing his podcast, at various times he has taken a part-time job and coached/mentored others to compensate for the drop in his income.
- One key thing that David has learned since launching his business is that it doesn’t take a large number of customers to make a living from a entrepreneurial venture ($500 product sold to 200 of the 7 billion people on the plant = $100,000).
- David’s original monetization strategy for his podcast was focused around advertisers, however, he is now concentrating his efforts on creating and launching a platform to teach others how to podcast.
- David’s tips for bootstrappers:
- “Slide”, don’t “Leap” into your entrepreneurial venture. Put up with your job while you “upskill” yourself.
- Be selective in terms of who you share your dreams with.