Shutting Down My 50k/month Marketing Agency

Summary

In this video, a young entrepreneur shares his journey from struggling for six months with a failing marketing agency to eventually earning $50,000 per month. He explains how a mindset shift and faith in himself led to his breakthrough. After realizing that coaching others in mindset development brought him more fulfillment than running his agency, he announces that he's shutting down his marketing agency to focus entirely on launching a mindset mentoring course. He invites viewers to join his free course to learn the mindset shifts that changed his life.

Takeaways

• 📉 After 18 months of running a successful marketing agency, Cole is shutting it down.
• 💪 The agency went from zero income to $50,000 per month, providing a substantial living for Cole.
• 🔄 Cole's entrepreneurial journey started at age 18 after dropping out of college and investing $10,000 in a marketing course.
• 😓 Despite working hard for six months, Cole had no success, no clients, and was nearly broke, feeling like a failure.
• 🙏 A conversation with a mentor inspired a mindset shift, leading Cole to regain faith in his journey and believe in himself.
• 🎉 Following this mindset change, Cole signed three clients in one week, transitioning from failure to making $50,000 per month within six months.
• 🧠 Cole emphasizes that his success was not due to tactics but to changing his beliefs, mindset, and habits.
• 🤝 Cole began coaching others, helping them unlock their potential through mindset shifts, which became his new passion.
• 🌍 Now, Cole is closing his marketing agency to focus entirely on mindset coaching, aiming to impact millions of lives.
• 🚀 He plans to launch a free mindset course to help others live their dream life and overcome their fears.

Q & A

What was the speaker's initial goal when starting his marketing agency?

The speaker's initial goal was to achieve success and live his dream life by running a successful marketing agency.

How did the speaker feel after six months of hard work with no clients or sales?

The speaker felt like a loser and thought he had wasted six months of his life, considering himself a failure.

What was the turning point for the speaker in his entrepreneurial journey?

The turning point was a conversation with his success coach, Elliot, who told him that it's always darkest before dawn, instilling faith in the speaker that he would succeed.

What event symbolized a potential setback for the speaker, and how did it resolve?

The speaker was pulled over for speeding and expected a ticket that would financially ruin him, but the police officer let him go without a ticket, which confirmed his belief that the universe was on his side.

How did the speaker's mindset change after his conversation with Elliot and the speeding incident?

The speaker's mindset shifted from feeling like the universe was working against him to having faith that he would succeed and that challenges were tests to prove his resilience.

What was the result of the speaker's mindset change?

After changing his mindset, the speaker signed his first three clients within a week, marking the beginning of his success.

Why is the speaker shutting down his marketing agency despite its success?

The speaker is shutting down his marketing agency because he found that coaching and helping others with their mindset is what truly fulfills him and aligns with his ultimate goal.

What is the speaker's ultimate goal, and how does it differ from running a marketing agency?

The speaker's ultimate goal is to impact millions of lives, change the way people live, and allow them to live their dream lives without fear. This is different from running a marketing agency as it focuses on personal development and coaching rather than business services.

What is the speaker planning to do after shutting down his marketing agency?

The speaker plans to open the best mindset course in the world to teach others the mindset shifts that have allowed him to live his ultimate life.

How does the speaker define success, and how did his definition evolve over time?

Initially, the speaker defined success by material gains like making money and having clients. However, over time, his definition evolved to include personal fulfillment and helping others achieve their dreams, which led him to focus on coaching and mindset mentoring.

What advice does the speaker give to those who are struggling to achieve their goals?

The speaker advises that the key to success is changing one's mindset and beliefs, and that often the obstacles to success are self-imposed. He encourages consistency and repetition of positive actions despite initial failures.