EP 485: $2.5M Foot Doctor Revenues, Launches InfoProduct, Does $750K with Dr Dan Margolin

Published: Nov. 21, 2016, 10 a.m.

Dr. Dan Margolin, a practicing Podiatrist with over 27 years of experience and a practice that ranks from the top 3% in the country. Dan\u2019s second and current practice is widely successful compared to his first. Listen as Dan talks about podiatry and his new business which he co-founded, Effective Management.

Famous Five:

  • Favorite Book? \u2013 The 10x Rule
  • What CEO do you follow? \u2013\xa0 Tony Hsieh
  • Favorite online tool? \u2014 Testing Academy
  • Do you get 8 hours of sleep?\u2014 No
  • If you could let your 20-year old self, know one thing, what would it be? \u2013 \u201cI wish I knew to look for mentors a little bit more\u201d

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Time Stamped Show Notes:

  • 01:35 \u2013 Nathan introduces Dan to the show
  • 02:15 \u2013 A podiatrist deals with health issues concerning the feet including sprains
  • 02:32 \u2013 Dan generates revenue from his patients and sometimes, from insurance companies
  • 02:39 \u2013 Dan\u2019s ultimate goal is for the patients to be well
  • 02:51 \u2013 In the long-term, Effective Management will be the bigger stream of revenue
  • 03:10 \u2013 A podiatrist earns $ 300,000 to $ 500,000 a year
  • 03:26 \u2013 The Podiatry Survival Blueprint \u2013\xa0 a video of Dan\u2019s job description
  • 03:47 \u2013 Dan generated $2.4 million in podiatry in 2015
  • 03:55 \u2013 Effective Management earned $300,000 in its first year
  • 04:14 \u2013 Dan loves helping people so he launched the Effective Management program
  • 04:50 \u2013 Expenses hindered Dan to just give away the program
  • 05:25 \u2013 Team size
  • 05:43 \u2013 Go to BasicStaffTraining.com to find Dan\u2019s info product
    • 06:41 \u2013 He provides 4 different products
    • 07:27 \u2013 There is an initial fee and monthly recurring fee
    • 08:04 \u2013 2016 revenue is a bit over $400,000
    • 08:12 \u2013 There are 300 different companies in their system
  • 08:30 \u2013 The Podiatry Survival Blueprint is sold at $6500
  • 09:15 \u2013 Dan uses Schoox to run the membership page
  • 09:44 \u2013 Current MRR
  • 09:58 \u2013 Dan contacted his own patients as prospective clients
  • 10:35 \u2013 Connect with Dan through his website and get a free copy of his book Fast Tracking Your Prosperity
  • 12:15 \u2013 The Famous Five

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3 Key Points:

  • There are TONS of ways to help people, be it in your field or not.
  • Find people who will help you run the business, ESPECIALLY in the areas where you struggle.
  • Have a mentor and be involved. Be a sponge and absorb everything.

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Resources Mentioned:

  • Toptal\xa0\u2013 Nathan found his development team using Toptal\xa0 for his new business Send Later. He was able to keep 100% equity and didn\u2019t have to hire a co-founder due to the quality of Toptal\xa0 developers.
  • Host Gator\xa0\u2013 The site Nathan uses to buy his domain names and hosting for the cheapest price possible.
  • Freshbooks\xa0\u2013 The site Nathan uses to manage his invoices and accounts.
  • Leadpages\xa0 \u2013 The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
  • Audible\xa0\u2013 Nathan uses Audible when he\u2019s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books.
  • Assistant.to \u2013 The site Nathan uses to book meetings with one email.
  • Acuity Scheduling \u2013 Nathan uses Acuity to schedule his podcast interviews and appointments
  • Drip \u2013 Nathan uses Drip\u2019s email automation platform and visual campaign builder to build his sales funnel.
  • DrDanSpeaks.com \u2013 Dan\u2019s website
  • Show Notes provided by Mallard Creatives