It wouldn’t be a healthy Friday without Cinco Bala. This week's 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 Network Marketing: Attract HIGH Quality Recruits - Are you recruiting leader's to your team? People that get in and want to run…
People who want to build their business regardless if you build or not?
If you’re not…
If you have to babysit everyone you sponsor…
If they’re not producing…
I can guarantee that over 50% of the issue lies in who you’re attracting. And it’s entirely controllable. (Most just don’t think it is)
And it’s not as elusive as being “magnetic”.
There’s actually a quantifiable formula to attract leader's.
Want to learn it?
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. https://youtu.be/pp33xdohqQM
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.
Lesson in Online Marketing: Save Everything - As you may know, we’re always updating our recruiting systems.
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.
Quote I Love: “Be stubborn about your vision but flexible with your plan.” - John C. Maxwell
Giving Me Life: Skateboarding - As you may know, moving to San Diego has inspired me to take up my first love again...
Skateboarding.
And no I’m not talking about longboarding down a hill or using an electric board to ride to my friend’s dungeons and dragons meetup.
I mean real skateboarding.
Unbeknownst to us, we moved to the “pro capital” of the world. In fact, I was totally out of the skate game for 15 years. I honestly completely forgot where all the pros were.
Well, they’re right here. In my backyard. I’ve now skated with many of them. (not exactly keeping up though 😉
So, I’ve been going 5-6 days a week to the world class skateparks around here to re-refine my skills and if I’m lucky…
Maybe even surpass my old level.
Why tell you this?
Because skating has once again, been a mood boosting drug for me, just like it was in the past. There’s literally no possible way of hitting a massive stair set that lets you think about anything else. It’s meditation in it’s finest quality.
Then again, when you push yourself, so is all intense physical exertion.
So get out there, rekindle your old passions and move that booty!
I mean…
Body.
Talk soon,
Zach