Get All Access for $5/mo

When It's a Good Idea to Give Away Your First Product to Make Sales Later Peter Voogd offers a few tips for those who are just beginning to build their business.

By Peter Voogd

Opinions expressed by Entrepreneur contributors are their own.

In this video, Entrepreneur Network partner Peter Voogd shares a few secrets that can set aside the 1 percent of entrepreneurs from the other 99 percent. The entrepreneur talks about the importance of possessing an unshakeable mindset while taking on the role of entrepreneur. A part of this mindset includes making sure you're establishing leverage and scale for your business so you are not forced to concentrate on leads forever.

Moreover, when you ask your customers to pay a substantial amount of money for your products and services, you should be prepared to give past the amount of effort that is expected from you. When customers pay top dollar they not only want to get their money's worth, but wouldn't mind being blown away by what you can offer.

Finally, Voogd recommends in order to get the word out on your orders, consider giving your stuff away. Even though you may think you have a terrific product, it will mean close to nothing until you share it with the world.

Click the video to hear more from Peter Voogd.

Related: When You're Feeling Unmotivated, Remind Yourself to Be Grateful

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Amazon Fire, Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.

Peter Voogd

Leading Authority for Young Entrepreneurs

Peter Voogd is the author of the best selling book 6 Months to 6 Figures, as well as the founder of The Game Changers Academy. He's a leading authority on Gen y leadership who has trainedand inspired well over 4,500 entrepreneurs with his true story of going from dead broke to a six figure income within six months. His podcasts, videos, websites and social media reaches more than 200,000 people monthly.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

More from Peter Voogd

What You Should Do When You're Not Where You Want to Be

How to Turn Anxiety Into Confidence

Why the People in Your Social Circle Often Define Your Net Worth

Editor's Pick

Leadership

7 Telltale Signs of a Weak Leader

Whether a bully or a people pleaser who can't tell hard truths, poor leadership takes many forms.

Growing a Business

How to Build, Grow and Make Money With Ecommerce

To grow your online business, you need to develop a strategy and invest your time wisely. These actionable tips can attract customers and increase online revenue.

Living

70% of Small Business Owners Experience Monthly Burnout. Follow These 3 Rules to Avoid the Same Fate.

Here are three guidelines to help entrepreneurs achieve balance, growth and success in both their professional and personal endeavors.

Franchise

Kick-Start Your Small Business With These Cost Effective Strategies

Starting a small business is an exciting adventure, brimming with both opportunities and challenges. A key to success is effectively managing costs from the outset.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.