Saturday, February 1, 2020

The Critical Question: "When can we talk next?"

In the early stages of mentorship, this is the most important question you can learn to ask: "when can we talk next?"  Initially, this should be every day.  Then, as things settle into place, you wean off of constant contact and then just check-in for support and metrics.

Your job, as a sponsor/mentor, is to get the people you partner with up-and-running as quickly as possible.  Up and running with what, you ask?  There is a ton of things initially.

Personal Resources (at minimum to get started)
  • a Gmail account for your business that is used exclusively for business purposes
  • a Gmail account that is set up as an autoresponse
  • a personal "About Me" page
Payment Processors (you need to have ways to get paid)
  • PayPal Account
  • Venmo Account
  • Cashapp Account
  • There are many others which are addressed in other places, these three are a good start.
The "Getting to Know Each Other" tool
  • we use a Google Form that is designed to bust through layers of information and values exchange.  This needs to be worked through and takes time.  You can see it HERE
  • Again, we are not looking for sign-ups.  We seek to build relationships.  This tool is a major step in this direction.
Understanding Our Culture
  • We have a Training Site and this blog you are on now.  You need to ensure that people become familiar with them and understand "what it takes" to be successful in the spirit of cheerful accountability.
YOU NEED TO BLOCK OUT TIME AND SET APPOINTMENTS WITH PEOPLE TO MAKE ALL OF THIS HAPPEN.  THIS MEANS HOURS OF YOUR DAY.  IT IS THE WORK YOU DO TO BUILD A COMPETENT ORGANIZATION.

Some of these are "one and done", like setting up resources and payment processors.  Others are lifelong.  This is what we promote and seek:  lifelong partnerships.  

The "When can we talk next?" question, followed by setting a time to do just that is a critical skill and dynamic that is critical to your success and the success of those you sponsor.

This is both a constant, and it is ever-evolving.  None of it ever goes away.  These are the fundamentals of how to drive business growth.  The goal is to have everyone BE COMPETENT as a mentor, be understood as their role as a mentee.  Everyone starts at a different place, and as such, learning curves significantly vary.

This is the beast we tame and something that will feed you forever when you successfully navigate and master the process.

It all starts with consistently asking, "When can we talk next?"

Sunday, January 26, 2020

About 40 People - An Explanation and Approximation

I have written other posts about "the money being in your list".  This post is related.  I have argued that building a large list and monetizing that list is certainly one viable strategy, however not an easy one - both in terms of the resources required to make it happen (a capture page, autoresponder, etc.) AND the entire process to make it happen.

Juxtaposed to this is a small list.  A group, if you will... of About 40 People.  Or, a tight-knit community of 40 who share common values, skills, goals... an interdependent, supportive, and cohesive structure all geared to each others' financial well-being.  Allow me to slice and dice this a few different ways.

So, why 40?  To be clear, I am starting here explaining the "end state".  This is the place you work toward and where you "end up" after a year's effort.  (You can't blink this into existence).

We use a progressive model that builds different income platforms.  The first starts at $40 (an instant pay / direct pay platform) that successively and progressively works to higher investment levels based on (and funded out of) earnings.  While engaged in this platform, you are gathering and training people.  Ultimately, you are finding the ones who will commit - and "stick" as long-term partners.

Ultimately, when you are in a position to do so, we participate in a $175 a month subscription.  Doing the math, $175 x 40 people = $7000.  If done right, and treated like a real business, you will want to claim this income for tax purposes.  So, you are in the 22% bracket.  $7000 x .78 = $54,600 a month "net".  This replaces most middle-class incomes.  And, this is just the baseline goal on which you build.

Another perspective on this:  $7000 x 12 months = $84,000 annually... from 40 people.  From a strong, committed, powerful group of people.

The amount of money you would need in investments with a modest 6% return to derive this amount of money is $1,400,000.  Therefore, if you are like many, if you do not have investments, real estate, any type of royalty... or if nearing retirement,  a 401K or IRA that is worth this amount, then this is "an alternative" to get to the same income goal.

40 People in this entire world... can you find 40 people and groom each into a reliable business partner - and be their friend and mentor?  40 solid people with skills and credibility who share your goals and vision - based on solid and stable relationships?  This doesn't sound like a tall order.  The viability of it happening for you - is completely dependent on you - and your ability to acquire and apply new information over the next 12 months.

Our Community exists to aid in this process: to strategically find and mentor 40 People (as a starting point) to achieve financial security and potentially, generational wealth.  It is entirely possible, however, it is also entirely disruptive to your life.  Most people can not deal with this disruption and engage in "what it takes".

If you are sick-of-life as you are currently living it, if you are willing to endure some short-term pain in modifying your lifestyle... and learn and apply new habits over the next 12 months... join us.

Aggregation + Leverage = Residual Income

First, let's talk about these words and their meaning and then apply them in terms of how they are related and work together.

Aggregate means to collect, gather, or bring together.  We aggregate people and money.

Leverage, in physics, involves a fulcrum and the length of a lever.   It involves creating a mechanical advantage.  Think of prying a rock out of the ground with a digging iron.  Here, the rock is a pool of money (or income).  The fulcrum is the platforms (the businesses) we utilize.  The long end of the lever is all the resources and credibility we apply working with the fulcrum in order to pry the rock (money) out of the ground.

Residual Income is money that is created and recurs over time, typically monthly.  This is accomplished through various means.  Compensation models of the businesses we work with have residual income "built-in".  These vary.  The most stable is a monthly subscription, like any other subscription (a magazine, cable bill, gym membership).

The goal of our business model is to create monthly residual income that first supplements, then replaces your full-time income.  We do this in a smart and strategic fashion using different platforms with different entry points (investment levels) in order to build to investing money on a monthly basis in a consistent and reliable way.

The goal is to replace your income in a 12-month time frame.  This means one year of learning and applying knowledge.  This is one year of consistent effort resulting in the decision to keep your "job" or to do what we do, full-time.

The last thing I want to mention here is that none of this takes place without solid relationships with people who understand you are invested in and committed to their success.  This is a cultural issue.  You need to "buy-in" to your own competence and being a solid mentor.  This is one of the most fundamental values of our culture.  This is the foundation on which everything else is built.  Solid, genuine, dynamic relationships are at the very core of everything we do.

If you are not committed to and invested in helping people of all stripes and strata of life, then this whole "network building thing" is probably not for you.

If so, you can change your life within a 12-month time frame.  If you have not already seriously investigated what we do and how we do it - and see if it all makes sense to you, we simply invite you to do so.