In today’s episode, Fredrik, Ivan and Charlie interview accountant, property investor and multiple business owner Lorraine Gannon. If you’re looking to monitise your knowledge and create cash flowing and recurring income generating assets, this episode is for you!
Tune in today, and hear the guys discuss the value of systems and automation and how you too, can investing yourself to create a life where you live and do not work. Learn the 3 things that you need to create an online information business successful and the methodology of the 5 E’s, which helps businesses get their knowledge online and stop exchanging your time for money.
KEY TAKEAWAYS
Three things that can help you monitise online
Know what your valuable IP is - What can you offer other people, how can you serve their needs?
The right structure - Every recurring income structure needs the right structure for it be consistently create a monthly cashflowing income
Sell it - You have to sell stuff on an ongoing basis to generate an online income
Test your product or service
Explore your IP
Expressions of interest
Execution
Expand
Evolution
Ivan: How do you invest in yourself?
Lorraine: I have coaches, I have mentors and I regularly participate in training programmes. I also work with an accountability group to ensure the goals I set are met and I’m constantly working towards them and deliver on what I set out to do. One of my biggest values is learning, which is partly why I’m involved in helping to create
Charlie: What does Invest in you, mean to you?
Lorraine: The world’s changing and we are becoming more and more entrepreneurial and our education needs to adapt to help facilitate that. As we move forward, businesses will be the key drivers of education.
Charlie: Have you taken the wealth dynamics test?
Lorrain: I am a ‘star’ and my husband is a ‘mechanic’ given the profile of our business it makes perfect sense, we are both co-founders of Gotenant.co.uk a piece of software that automates HMO management systems and it means we have no voids and zero arrears, because of those systems and processes we have in place.
BEST MOMENTS
“We live in a digital world and businesses need to realise that, people can make money out of things like YouTube etc and if you embrace it you will be at the forefront of businesses in the future”
“I have a passion for creating a return on investment and helping entrepreneurs generate a recurring revenue”
“Writing stuff down and systemising it is very important”
“Social media has enabled a whole community to communicate and interact with one another”
“It’s when our property portfolio took off that we discovered investing for cash flow, rather than just flipping. Now we focus on HMO’s”
VALUABLE RESOURCES
https://investincrowd.envestry.com/deals
Sack the boss, fire the clients - Lorraine Gannon
www.newera.training
ABOUT THE HOST
Serial entrepreneurs Fredrik, Charlie and Ivan Sandvall love sharing ideas and interviewing world-class entrepreneurs and influences. Invest In You is about investments, entrepreneurs, personal development and doing fun things. They hope to ensure you to take action, helping others and yourself, plus enjoying the journey we call life.
CONTACT METHOD
Facebook - https://www.facebook.com/investincrowd/
Crowdfunding platform - https://investincrowd.envestry.com/deals
Your Property Puzzle Limited - https://investincrowd.envestry.com/deals/1922
ABOUT THE GUEST
I’m Lorraine Gannon, I am an accountant, property investor and multiple business owner. Over the years I’ve created many assets that give me time and financial freedom.
Currently, I am focusing on helping other people monetise their knowledge and put their intellectual property online to make money with less hassle. Initially, I started investing in property and grew and scaled that business to become financially free. The next step was to help others do the same, through courses and memberships. Organically I helped other non-property related businesses do the same and that’s when I realised how others could monetise their knowledge. I know what the 3 things are that you need to create an online information business successful. Then I created the methodology of the process the 5 E’s, which helps businesses get their knowledge on line in the form of courses, subscriptions and memberships. My book on this process will be out late November ‘Sack the job, Fire the Clients’.
I hope to help as many people stop exchanging their time for money, and I am also working towards helping others in 3rd World Countries escape their equivalent money trap, which is walking 3-4 hours per day to get clean water for their families. For me, it’s all about changing yours and others lives.
CONTACT GUEST
Facebook; https://www.facebook.com/lorraine.gannon.75
Twitter; https://twitter.com/LorraineGannon
Linked In; https://www.linkedin.com/in/lorrainegannon
Register for more information about monetising your IP; https://newera.training
