It wouldn’t be a healthy Friday without Cinco Bala. This weeks top 5 lessons, hacks and quotes I’ve been pondering, applying and battling.
For those of you who are new, this is a concept I took from Tim Ferriss. (This is just focused on MLM and online marketing) If you don’t subscribe to his newsletter. You should do it.
Lesson in Online Marketing: Save Everything – As you may know, we’re updating our bestselling system – The Rebels Recruiting System – which should be done within a week.
If you’ve ever made a giant masterclass, you know that it can take quite a while to record all the lessons, make sure everything is clear and if it’s an actual “system” like RRS is…
Make sure everything technically works seamlessly. Which can be quite a daunting task.
After all, if 500 people start using it and there’s a technical glitch that prevents the system from getting set up properly…
Well, that’s a lot of support emails.
So, since this is quite a large undertaking, we want to re-use any previous content we’ve created rather than re-shooting footage if we don’t need to.
Thankfully, I’ve got a pretty good habit of making double backups of everything so if I have a feeling I’ve done a training on something in the past that would still be relevant today, I can dig it up and put it in there, rather than committing an hour to producing a lesson.
But it also shines light on the lessons I KNOW I’ve done in the past but can’t find them for the life of me. I didn’t organize properly or maybe even deleted them and now I’m paying the price.
So here’s my suggestion – Don’t delete anything, EVER. Make backups of backups in the cloud on different storage services.
You never know when you’ll need it again.
Lesson in Network Marketing: Handle Your Money – I’ve seen countless examples of successful online and network marketers who start making some serious money…
Only to blow it when they have it and get screwed when they don’t.
Remember, things can change. Nothing is permanent. So as much as I believe in the residual nature of MLM and count on it, I would be naive to think that once you have the income, it’ll stay that way forever.
That being said, I suggest you watch this video that outlines what we do with our money right now – AKA – our personal financial strategy.
I’m no financial advisor (most of them suck anyway) and I don’t have a degree in economics but I do know that 95%+ of people end up broke or relying on family / the government by their 70’s…
And that networkers who do make it to the top ranks aren’t treating their income like an educated business owner. They’re treating it like an uneducated employee.
Making as much as they can to inflate their lifestyle and pouring the extra into blind IRA’s or other investments they don’t understand and have no control over.
So while I may not always be right or make the right decisions, I do recognize when there’s a failure disease with the majority’s finances and look the other way for a solution.
Remember, the 80/20 rule (and 99/1 rule) is in effect in and outside of the business world AND in the “top earners” club inside of business.
Don’t be the 99.
Quote I Love: “Be stubborn about your vision but flexible with your plan.” – John C. Maxwell
Book I Just Finished: Way of the Wolf – I was hesitant to read this. I watched about half of the movie “The Wolf of Wall Street” and honestly couldn’t get through it. I have fairly thick skin with insults, talking smack and cutting up…
But that movie took disrespect to a whole other level. And I get that it’s a story of redemption after the fact with Jordan righting his wrongs and cleaning up his act but that doesn’t change the fact that I just felt dirty when watching that movie.
Needless to say, I haven’t been particularly fond of reading or listening to Jordan Belfort’s sales training. Well, this book got recommended to Ashley and I by a sales manager who runs a $50MM/year sales floor in which the company is owned by a very stand up Christian businessman who I personally respect.
Anyway, we picked up the book and I’m honestly blown away. This is the best book on closing and sales thought process I’ve read. If you read it with insightful eyes, he lays out his entire process right there on the pages, and after doing in person / phone sales for 8 years, I can tell you that when I was doing good, I was subconsciously applying his principles and when I was doing poorly, I was breaking them.
A Good Reminder: In case you’ve got stuck in the cycle of hyper focus when you should be being creative, this video and this picture should help you clarify things…
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