That Remote Life | Interviews with Digital Nomads and Location Independent Entrepreneurs | TRL 127: The $1000 Per Hour Business Model with Ben McAdam

Today on the podcast I am super excited to be joined by Ben McAdam the founder of Profits Collective. Ben is also the ex-cofounder of Bean Ninjas which was one of the first bookkeeping businesses in Australia focused on helping online businesses. Today, Ben helps online entrepreneurs get a better understanding of their finances, boost their profits, and achieve their goals.

You will learn 3 really important things from this episode:

1. Why having a child can be the ultimate productivity hack and how to get the same benefits without having to have a kid first.
2. How to take the guesswork out of pricing your services and make sure you are not leaving money on the table
3. Finally Ben showed me why an hourly rate like 100 or 200 per hour is not actually a high hourly rate and how to achieve an hourly rate of thousands of dollars per hour.

Show Notes

💬  Topics Discussed:

• Why Ben decided to dive down the rabbit hole of online business
• Why having a child can be the ultimate productivity hack, and how to do it without having a kid.
• How to get clients when you are just getting started
• How to transition from trading your time for money to building a true service business
• How to productize and price your services and make sure you are staying profitable
• How to come up with your pricing without guessing
• When do you know it's time to raise your prices
• Why your low prices may be your biggest weakness
• How to maximize your profits using value-based pricing
• How to reach a truly high hourly rate like $1000 or $5000 per hour
• How to set better goals that are meaningful and help you get to your real desires

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Subscribe to the YouTube Channel 🎬

🎒 Resources:

• Parable Launch Party
• Profits Collective
• Bean Ninjas
• [book] Rich Dad Poor Dad
• [book] The E-Myth Revisited
• Upwork
• Toptal
• Dynamite Jobs
• Remotivate
• Fiverr Pro
• Asana
• Trello
• [book] 7-Day Startup
• [article] What's Your Hourly Rate?
• [article] How to Set Your Prices
• [article] Your Prices Need to Cover More than You Think
• Connect with Ben on Facebook

What is That Remote Life | Interviews with Digital Nomads and Location Independent Entrepreneurs ?

That Remote Life is a podcast focused on helping you become location independent in order to live life on your terms. Serial entrepreneur and traveler Mitko Karshovski interviews some of the most successful entrepreneurs and digital nomads to help uncover the strategies and skills to help you reach the same success. Follow Mitko's journey in real-time as he builds his own location independent business and shares all the lessons and experiences. If you are someone who wants to get out of a desk job, start your own business, and become a location independent entrepreneur, then this show is for you. Visit the show online at ThatRemoteLife.com/podcast