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The Independent Music Millionaire – How Derek Sivers Made Multi Millions Selling Music Online

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Derek Sivers created CDBaby.com because he needed a way to sell his music online. Soon other musicians asked him to help them sell their music. A few years later, he found himself helping over 100,000 artists sell their music. He recently sold his company for $22 million and is comfortable in life.

Watch these videos and interviews with Derek Sivers on how you to can create a successful company from your passion and hobbies.

 

 

How A Musician Built CD Baby Into A $22 Million Dollar Business From His Home – Derek Sivers – by Andrew Warner

 

Derek Sivers – Founder Of CD Baby – Finding Your Inner Passion & Turning It Into Success

 

Why Derek Sivers Was Successful

Derek Sivers wasn’t afraid to start crappy

Derek laughs when wannabe entrepreneurs tell him about all the features they plan to include when they launch their companies. When he launched CD Baby the site’s design was pretty dorky. And instead of building a fully automated site, he did much of the order processing by hand. Quit aiming for perfection, just launch.

Derek Sivers knew what feedback to accept

Start crappy and build the business by listening and integrating user feedback. But be careful not to let user feedback take you too far off course. Derek says people kept telling him that he should launch a radio station. But he kept refusing because he didn’t think it was a good fit for his business.

Derek Sivers was patient

9 months after launching, his site was only bringing in $15 a week. Others might have have assumed that the site was a failure, but Derek was patient. He gave it room to grow.

Derek Sivers knew how to get financial security

I asked Derek if earning that first million gave him a sense of financial security. He said it didn’t. He said he got a greater sense of security by managing his own desires. Knowing that he wasn’t a wasteful spender gave him his sense of security.

Derek Sivers worked 2 hours a week

When Tim Ferriss published his book, The Four Hour Work Week, most people doubted it was possible to work that little. Not Derek. He worked 2 hours a week. He said it was because of the way he taught his staff. When anyone in the company asked him a question, he told the answer to everyone in the company. Within 6 months, everyone knew what Derek knew. “He made himself unnecessary”.

Derek Sivers Summary by Andrew Warner from Mixergy

 

13 Quotes By Derek Sivers

1. “Business is not about money. It’s about making dreams come true for others and for yourself.” – Derek Sivers

2. “Making a company is a great way to improve the world while improving yourself.” – Derek Sivers

3. Utopia. “When you make a company, you make a utopia. It’s where you design your perfect world.” – Derek Sivers

4. What matters. “Don’t pursue business just for your own gain. Only answer the calls for help.” – Derek Sivers

5. Success. “Success comes from persistently improving and inventing, not from persistently promoting what’s not working.” – Derek Sivers

6. Your plans. “Your business plan is moot. You don’t know what people really want until you start doing it.” – Derek Sivers

7. The power of exclusion. “You can’t please everyone, so proudly exclude people.” – Derek Sivers

8. Revolution. “Five years after I started CD Baby, when it was a big success, the media said I had revolutionized the music business. But ‘revolution’ is a term that people use only when you’re successful. Before that, you’re just a quirky person who does things differently.” – Derek Sivers

9. “If it’s not a hit, switch.” Don’t spend years pushing ideas that people don’t seem into. “Whenever you’re not getting a massive frothing-at-the-mouth “I want to pay you now” response, just don’t do it. Let it go and try something else.” – Derek Sivers

10. Hell Yeah! “If you’re not saying “HELL YEAH!” about something, say “no”. – Derek Sivers

11. You don’t know ’till you’ve opened in New Haven. “Anytime you think you know what your new business will be doing, remember this quote from Steve Blank: ‘No plan survives first contact with customers’.” – Derek Sivers

12. The wisest decision criteria. “Make every decision—even decisions about whether to expand the business, raise money, or promote someone—according to what’s best for your customers.” – Derek Sivers

13. The silence of the web. When he mass emailed CD Baby customers (in the millions), he learned to be so careful in what he wrote. Even a tiny mistake or lack of clarity could generate thousands of emails from readers that took days to respond to. He learned to write succinctly, lucidly, carefully, with the reader always in mind.

 

I am the the Founder of Addicted2Success.com and I am so grateful you're here to be part of this awesome community. I love connecting with people who have a passion for Entrepreneurship, Self Development & Achieving Success. I started this website with the intention of educating and inspiring likeminded people to always strive for success no matter what their circumstances. I'm proud to say through my podcast and through this website we have impacted over 200 million lives in the last 10 years.

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Success Advice

20 Ways You Can Become a Powerful Communicator

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Emile Steenveld Speaker and Coach

Some people seem to naturally know how to effectively communicate in a group setting. They can express themselves clearly and listen attentively without dominating the conversation.

Being a powerful communicator is important for several reasons, including building and maintaining relationships, achieving goals, resolving conflicts, improving productivity, leading and influencing others, advancing in your career, expressing yourself more confidently and authentically, and improving your mental and emotional well-being. Effective communication is an essential life skill that can benefit you in all aspects of your life.

But, don’t worry if you don’t naturally possess this skill, as effective communication is something that can be developed with practice, planning and preparation.
 

1.  Listen actively: Practice active listening by giving your full attention to the speaker and responding to what they are saying.

 

2. Use “I” statements: Speak from your own perspective and avoid placing blame or making accusations.

 

3. Avoid assumptions: Don’t make assumptions about what the other person is thinking or feeling.

 

4. Be clear: Express your thoughts and feelings clearly and concisely by getting to the point and avoid using jargon or overly complex language.

 

5. Show empathy: Show that you understand and care about the other person’s feelings.

 

6. Offer valuable insights: When speaking in a group, provide a valuable takeaway or actionable item that people can walk away with.

 

7. Be an active listener: Listen attentively and respond accordingly, incorporating your points into the conversation.

 

8. Choose the right time: Pick the most opportune time to speak to ensure that you have the group’s attention and can deliver your message without interruption.

 

9. Be the unifying voice: Step in and unify the group’s thoughts to calm down the discussion and insert your point effectively.

 

10. Keep responses concise: Keep responses short and to the point to show respect for others’ time.

 

11. Avoid unnecessary comments: Avoid commenting on everything and only speak when you have something important to say.

 

12. Cut the fluff: Avoid being long-winded and get straight to the point.

 

13. Prepare ahead of time: Sort out your points and practice them before speaking in a group.

 

14. Smile and be positive: Smile and nod along as others speak, to build a positive relationship and be respected when it’s your turn to speak.

 

15. Take responsibility: Take responsibility for your own actions and feelings.

 

16. Ask questions: Ask questions to clarify any confusion or misunderstandings.

 

17. Avoid interrupting: Allow the other person to finish speaking without interruption.

 

18. Practice active listening: Repeat what the other person said to ensure you have understood correctly.

 

19. Use your body language too: Use nonverbal cues such as eye contact, facial expressions, and body language to convey your message and build rapport.

 

20. Be aware of the tone of your voice: it should be calm and assertive, not aggressive or passive.

 

By keeping these tips in mind, you can improve your communication skills and become a more powerful communicator, which can help you build better relationships, achieve your goals, and lead a more fulfilling life.

I you want to learn how to become more confident in life then you can join my weekly mentorship calls and 40+ online workshops at AweBliss.com so you can master your life with more success.

 
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Success Advice

Dead Men Tell No Tales: How to Navigate a Mutiny as a Leader in 10 Steps

You’re the manager. You’re the supervisor. You’re the leader. But maybe your people don’t see it that way

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You’re the manager. You’re the supervisor. You’re the leader. But maybe your people don’t see it that way and perhaps that has created a divisive and adversarial working environment that makes it difficult for you to influence and inspire your team in a way that meets your vision. (more…)

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How to Think Like a CEO for Your Future Success

A blueprint for CEOs to draw a disciplined strategy

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Strategic thinking helps CEOs build successful businesses. It helps them establish everlasting enterprises. It is one of the key elements of decision-making. It is different from strategic leadership. It differentiates between leaders from managers.  (more…)

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How to Focus Your Mind on Your Goals in 2023 Constructively

In this world of distractions due to information overload, it has become a big challenge to focus our minds

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In this world of distractions due to information overload, it has become a big challenge to focus our minds on positive aspects and constructive activities. Sometimes we waste our precious time mentally and physically due to distractions arising out of technology. We must understand our priorities and learn how to focus on them religiously. (more…)

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