Interview with Scott Eddy - From Stock Broker to Digital Nomad
The Lonely Entrepreneur Podcast
Release Date: 01/25/2018
3 Critical Tips for Time Management
The Lonely Entrepreneur Podcast
An entrepreneur’s regular day can feel like doing 100 hours of work at 10 hours a time. But can you actually do this every day? The technique lies in spending more time on the most strategic things for your business. But let’s say you already know your priorities. Here are some tips that can help you with managing your time. 🎬 3 Critical Tips for Time Management What You Will Discover: ✔️ Do the hardest thing first thing in the morning. This is when you’re at your sharpest. This is when you want to write your strategic plan, not at 7 in the evening when you’re putting your...
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How to Find Your Playground
The Lonely Entrepreneur Podcast
We always tell entrepreneurs that the most important skill that you can have is finding your playground. The playground is where nobody else is playing – where everybody is selling apples, and you’re selling oranges. You might say, “That’s terrific. But everyone else has more resources than I do. There’s too much competition!” So how do we actually go about doing that? 🎬 How To Find Your Playground What You Will Discover: ✔️ Hear a client’s success story. A nurse with a passion for financial literacy went from one of 10,000 to one of one. How? We helped her narrow...
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Positioning is More Important than Product
The Lonely Entrepreneur Podcast
The first thing you may hear from entrepreneurs is... “How do I make my product or service better?” We know you’ve put heart and soul into what you’re building, and you want it to come out as polished as possible. But what I want to teach you is that your positioning is SO MUCH MORE than the product. Before you object, listen in to why this is true. 🎬 Positioning Is More Important Than Product What You Will Discover: ✔️ Hear a real-world example. Think about Nike, ASICS, and Saucony. Which of these brands would runners recommend the most? But which has the highest sales...
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Differentiate Your Business & Dominate Your Niche
The Lonely Entrepreneur Podcast
A simple yet the most daunting question for every start-up entrepreneur: What makes your business different❓❓❓ In today's noisy and often seemingly oversaturated market, nobody's paying attention to anything. For a second, think about yourself. What makes you pay attention when something is put in front of you? Hence the need to stand out and be different. Be able to describe your unique offer, solve problems others have not yet discovered, and establish a new niche where people are likely ready to support and buy from you. ▶️ Differentiate Your Business & Dominate Your...
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What is the Biggest Struggle of Being an Entrepreneur?
The Lonely Entrepreneur Podcast
Talent, passion, and perseverance are all KEY to success in the world of business. However, the biggest misconception for starting entrepreneurs is thinking that these are enough for them to hit the mark and make it BIG. ▶️ What is the Biggest Struggle of Being an Entrepreneur? Key points in this episode: ✔️ An often-used quote describes entrepreneurs as people who "jump from a cliff and build the parachute on the way down." 🪂 As natural risk-takers we connect with this truth, but let’s not start businesses without a plan and have to pay for painful lessons in the long run....
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The Path of the Modern Entrepreneur
The Lonely Entrepreneur Podcast
Am I an entrepreneur? What does it mean to be one? With entrepreneurism seemingly becoming a fad, the definition needs more understanding. It takes a great deal of courage to be an entrepreneur who takes risks to invest one's money, time, effort, and even many aspects of one's personal life to create innovation and create tremendous value in the market. ▶️ Seeking the Path of the Modern Entrepreneur Key points in this episode: ✔️ "Entrepreneur" comes from the French word entreprendre, which means "to undertake." People in the past had different ideas of what today's buzzword meant when...
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The Three Foundational Elements For Your Business (And How to Apply Them)
The Lonely Entrepreneur Podcast
When you try to look for answers as to how to start your business, you’ll get different pieces of advice… every time! Sometimes, they don’t give you a clear plan. In this episode, I’m simplifying it for you. Get a better understanding of the process with just these three foundational elements that you need to know for your business. 🎬 The Three Foundational Elements For Your Business (And How to Apply Them) What You Will Discover: ✔️ Have a financial plan. It isn’t just numbers. It ties into your personal, company, and financial goals. It should be 2-3 years of your...
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The One Skill You Should NOT Use (And What to Do Instead)
The Lonely Entrepreneur Podcast
As new entrepreneurs we start going out and learning new skills, and our first instinct is to go after where the revenue is. We chase customers to follow the money. That’s what entrepreneurs should do, right? What if I told you that’s wrong? I’ll tell you why. 🎬 The One Skill You Should NOT Use (And What to Do Instead) ✔️ New ideas spark new challenges. Any time you bring something new to the table it’s going to be met with either open arms or rejection. Don’t push too hard, work smart, and you’ll find the ones who will surely say, “Yes!” ✔️ Find your...
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Winning In A Hyper-Competitive World
The Lonely Entrepreneur Podcast
If you've gone to a physical store or made a recent purchase online, you were likely spending extra minutes trying to decide on your most valuable picks that are worth your trust and money. As an entrepreneur, consider how prospective customers share the same difficulty choosing the best options in your industry. Therefore, it is your job to help them by crafting goods and services with a unique selling proposition. What sets you apart from the rest? Are you memorable enough? They have to see precisely what your business offers that others do not. ▶️ Winning In A Hyper-Competitive...
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Bringing Your Vision To Life As An Entrepreneur
The Lonely Entrepreneur Podcast
Many times, innovative ideas are hard to execute because, for obvious reasons, they are unique and new. In my early years, I left a promising law career to start IncentOne, the first company to provide rewards for healthy behavior. At the time, rewards in healthcare were not only non-existent – they were offensive. I was told over and over, "we will never reward people for things they should be doing to be healthy." That birthed a new company and a whole new industry. As entrepreneurs, we are expected to be visionaries, yet we must also make that happen by executing plans with...
info_outlineFor ten years, Scott Eddy was a stock broker in NYC. In today’s interview with The Lonely Entrepreneur, Scott shares how he quit the corporate bubble to travel the world and set up his own global digital marketing agency. Describing himself as an “an optimist on steroids”, his energy keeps him on his toes and constantly traveling. He now uses his personal brand as his business where he travels as a speaker and consultant.
In 1999 Scott went to visit a friend in Thailand for a two week holiday after the brokerage firm he worked for was sold and he resigned – he needed a holiday. He didn’t return to the US for 17 years. He spotted how social media was growing in Thailand, so he set up a digital marketing agency, which grew rapidly in Asia. He describes the experience like throwing a dice; it was a big gamble. He had no background in marketing, but he knew it was an opening market for Asia, and he had the drive to make it happen. The secret was that he doesn’t view it as an agency, “it’s humans talking to humans. The whole core is developing relationships”.
As a stockbroker - 99% of sales are from calls and you get 100% commission. You have to make things happen - and the best way to get a sale is to get the other person at the end of the phone to like you within the first 15 seconds. This experience from the financial world has been instrumental in his entrepreneurial mindset.
“You’re building your company not for tomorrow, you’re building your company for long-term value”
After the untimely and tragic death of his Dad when he was a teenager, Scott is a shining example of success in the face of adversity. He values the importance of human interaction and relationship building for a business to grow - to not focus on short-term ROI. We learn how Scott made the tough decision to return to the US for an opportunity, and how he has focused more on using his personal brand as his business.
Hear in this episode Scott discuss:
- Long-term value vs short-terms gains
- Building a personal brand, and why you need to be active on social media
- How he became the most Twitter followed foreigner in Thailand
- How his best and worst moment happened in one day
- How many countries he’s lived in
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