People ask me all the time, “Joel, I have $5,000 and I want to invest in this course or that course. Which is a better course for me?”
Unless the course you’re pursuing is going to teach you advanced information that can’t be found on the Internet, your $5,000 is better spent setting up the business over buying the course.
- If you’re going to do an eCommerce business – whether is it through Qoo10, Amazon or Shopify, use your $5,000 to buy the inventory to get started.
- If you’re going to do an information business, use your $5,000 to create products and website instead.
- If you’re going to start an app business, use your $5,000 to build the app and not buy that over-priced program
Because chances are, if you’re just starting your business, the information you’re seeking is freely available on the Internet. The basics – how to setup a website, how to use Aweber, how to setup your Facebook campaign – all these information is freely available.
Your $5,000 is better spent getting yourself in the trenches, getting some real results. You learn more when you actually produce something and put it into the market.
Only then would it make good sense to invest in seminars or courses… because by then it becomes clear what’s your true obstacle.