Studying the online information that I can find and also having attended MMI myself, I find that this is an interesting training worth exploring.
Through high-impact processes, exercises, games, and case studies participants will learn:
* How to earn a million dollars a year in any business you choose!
* How to generate million-dollar ideas every 60 seconds.
* How to make or save a fortune using guerrilla negotiation tactics.
* How to start any business or division with little or no money down.
* How to raise $10,000 to 1/2 a million dollars without asking anyone to finance anything.
* How to set up your business for massive passive income or (sell it for millions if you choose to!)
The Guerrilla Business Intensive with T Harv Eker is not for everybody because you will have to work incredibly hard during the five day program and many people will not be up to it or don't want to succeed enough. I think the intensity and the activity through out will be pushing the participants to the limit and making it worth every penny.
Harv Eker shares eight wealth tactics in Guerrilla Business Intensive Seminar
1. Results Lead To Strategy
The lesson here: don’t think conventionally. Think outside the box. For example, if you are a cab driver, and you earn 1000 per month on an 8-hour shift, if you want to double your salary, you could work 16-hour shifts everyday to achieve your goal. If you wanted to triple your salary, you could– by working 24 hours a day. But if you wanted to quadruple your income, it would be almost impossible.
Don’t limit your capacity by thinking in terms of using your resources, but set a goal and then find ways to achieve it.
2. Business Is As Simple As To ‘K.I.S.S.’
Business, according to Harv Eker, is as easy as KISS.
In other words, Keep It Short & Simple. You can break it down into 3 components:
- produce/buy/create (content/product) Piggy Backing
- sell
- operations/admin
How much time do you spend on each of these things – how much time do you spend on what brings results? The ideal breakdown of your resource and time allocation should be:
- create - 20%
- sell - 60%
- admin - 20%
If you are not selling, you won't make money. If this means that you have to reduce your operations, or outsource, then you should because you only get paid when you sell, not before.
3. The Rich Are Experts
Like Chet Holmes and Joel Roberts have said, find one area of specialty and focus on it. Find one thing and become really good at it. For example, not every project manager should have to spend time figuring out the site structure, setting up an email auto responder, and writing copy. You should professionals for each area of expertise. This way, your company can get more done, in a shorter time, with better quality.
Many of the richest and most successful people started out by making it big in one industry or by becoming an expert in one area, and after their success, they branch out.
4. Create High Price Ticket Items
Let me give an example. Take John and Peter, who are in the same industry. John has 100 customers per day, he makes 30 sales per day, and he has a 30% conversion rate. Peter, on the other hand, has 10 customers per day; Peter makes 2 sales per day, and his conversion rate is 20%.
Yet, Peter is richer and happier than John. Why? Because Peter has chosen to supply good to a market with low competition and more money. If John is selling a standard iPod, and Peter is selling a diamond-plated iPod shuffle, then Peter has a far better deal because even if he sells very little to a few people, he still makes enough to
What expensive products are you selling? You can give an exclusive seminar or a personal coaching program, and use these as your high price ticket items.
5. Piggy Backing Concept
Find someone in your field (or in a similar field) who is willing to buy a large volume of your product at one time, minimizing your marketing efforts and maximizing your income in a short time. They can sell your product in large volumes, for example, if they sell yours complementary with theirs. You can ask them to give away your free samples, and when these customers visit your site, you can upsell them on the back end.
6. Sell Them Before They Buy
By building a list of interested people, you have higher negotiation power when looking for partners/affiliates. It also means that you can move faster because you can go straight into creating a squeeze page for your already existent and interested list. This is similar to Bob Serling’s Tollgate Method and uses similar advanced JV tactics. By connecting your list to the products they are interested in, you act as a broker.
Harv Eker, for example, offers and charges for seminars a year in advance – a form of ‘selling’ without products, and using the revenue to create/fund products.
7. Focus vs. Scatter
Focus on completing one task at a time. This is not rocket science, but you’ll find that successful and rich people focus on completing one task at a time, then expanding and moving on to the next project. Idea evaluation is very important because without it, opportunities can become obstacles. Every morning, choose to accomplish 3 main goals that will contribute most to your revenue.
8. Processes and Automation
Systematize things and emphasize on processes and automation. Find all the repetitive tasks that take up your time and find a way to automate or outsource them. The definition of a successful business is one that can run without you.
The only drawback is that this opportunity is not for everyone as it costs a lot of money and it is an extremely intensive experience, but life changing some say.
~~~ Do or Do Not. There is no Try - Yoda
Showing posts with label Vision. Show all posts
Showing posts with label Vision. Show all posts
Thursday
Mapping Live - Vision of Success
What does success means to you? Success is more than just economic gains, titles, and/or degrees. Planning for success is about mapping out all the
aspects of your life. Similar to a map, you need to define the following details: origin, destination, vehicle, backpack, landmarks, and route. The clearer you are in definition, the better result you will get and the better chance you are to reach your destination.
Origin: Who you are?
A map has a starting point. Your origin is who you are right now. Most people when asked to introduce themselves would say, “Hi, I’m Jean and I am a 17-year old, senior highschool student.” It does not tell you about who Jean is; it only tells you her present preoccupation. To gain insights about yourself, you need to look closely at your beliefs, values, and principles aside from your economic, professional, cultural, and civil status. Moreover, you can also reflect on your experiences to give you insights on your good and not-so-good traits, skills, knowledge, strengths, and weaknesses. Upon introspection, Jean realized that she was highly motivated, generous, service-oriented, but impatient. Her inclination was in the biological-medical field. Furthermore, she believed that life must serve a purpose, and that wars were destructive to human dignity.
Destination: A vision of who you want to be
“Who do want to be?” this is your vision. Now it is important that you know yourself so that you would have a clearer idea of who you want to be; and the things you want to change whether they are attitudes, habits, or points of view. If you hardly know yourself, then your vision and targets for the future would also be unclear. Your destination should cover all the aspects of your being: the physical, emotional, intellectual, and spiritual. Continuing Jean’s story, after she defined her beliefs, values, and principles in life, she decided that she wanted to have a life dedicated in serving her fellowmen.
Vehicle: Your Mission
A vehicle is the means by which you can reach your destination. It can be analogized to your mission or vocation in life. To a great extent, your mission would depend on what you know about yourself. Bases on Jean’s self-assessment, she decided that she was suited to become a doctor, and that she wanted to become one. Her chosen vocation was a medical doctor. Describing her vision-mission fully: it was to live a life dedicated to serving her fellowmen as a doctor in conflict-areas.
Travel Bag: Your knowledge, skills, and attitude
Food, drinks, medicines, and other travelling necessities are contained in a bag. Applying this concept to your life map, you also bring with you certain knowledge, skills, and attitudes. These determine your competence and help you in attaining your vision. Given such, there is a need for you to assess what knowledge, skills, and attitudes you have at present and what you need to gain along the way. This two-fold assessment will give you insights on your landmarks or measures of success. Jean realized that she needed to gain professional knowledge and skills on medicine so that she could become a doctor. She knew that she was a bit impatient with people so she realized that this was something she wanted to change.
Landmarks and Route: S.M.A.R.T. objectives
Landmarks confirm if you are on the right track while the route determines the travel time. Thus, in planning out your life, you also need to have landmarks and a route. These landmarks are your measures of success. These measures must be specific, measurable, attainable, realistic, and time bound. Thus you cannot set two major landmarks such as earning a master’s degree and a doctorate degree within a period of three years, since the minimum number of years to complete a master’s degree is two years. Going back to Jean as an example, she identified the following landmarks in her life map: completing a bachelor’s degree in biology by the age of 21; completing medicine by the age of 27; earning her specialization in infectious diseases by the age of 30; getting deployed in local public hospitals of their town by the age of 32; and serving as doctor in war-torn areas by the age of 35.
Anticipate Turns, Detours, and Potholes
The purpose of your life map is to minimize hasty and spur-of-the-moment decisions that can make you lose your way. But often times our plans are modified along the way due to some inconveniences, delays, and other situations beyond our control. Like in any path, there are turns, detours, and potholes thus; we must anticipate them and adjust accordingly.
~~~ Do or Do Not. There is no Try - Yoda
aspects of your life. Similar to a map, you need to define the following details: origin, destination, vehicle, backpack, landmarks, and route. The clearer you are in definition, the better result you will get and the better chance you are to reach your destination.
Origin: Who you are?
A map has a starting point. Your origin is who you are right now. Most people when asked to introduce themselves would say, “Hi, I’m Jean and I am a 17-year old, senior highschool student.” It does not tell you about who Jean is; it only tells you her present preoccupation. To gain insights about yourself, you need to look closely at your beliefs, values, and principles aside from your economic, professional, cultural, and civil status. Moreover, you can also reflect on your experiences to give you insights on your good and not-so-good traits, skills, knowledge, strengths, and weaknesses. Upon introspection, Jean realized that she was highly motivated, generous, service-oriented, but impatient. Her inclination was in the biological-medical field. Furthermore, she believed that life must serve a purpose, and that wars were destructive to human dignity.
Destination: A vision of who you want to be
“Who do want to be?” this is your vision. Now it is important that you know yourself so that you would have a clearer idea of who you want to be; and the things you want to change whether they are attitudes, habits, or points of view. If you hardly know yourself, then your vision and targets for the future would also be unclear. Your destination should cover all the aspects of your being: the physical, emotional, intellectual, and spiritual. Continuing Jean’s story, after she defined her beliefs, values, and principles in life, she decided that she wanted to have a life dedicated in serving her fellowmen.
Vehicle: Your Mission
A vehicle is the means by which you can reach your destination. It can be analogized to your mission or vocation in life. To a great extent, your mission would depend on what you know about yourself. Bases on Jean’s self-assessment, she decided that she was suited to become a doctor, and that she wanted to become one. Her chosen vocation was a medical doctor. Describing her vision-mission fully: it was to live a life dedicated to serving her fellowmen as a doctor in conflict-areas.
Travel Bag: Your knowledge, skills, and attitude
Food, drinks, medicines, and other travelling necessities are contained in a bag. Applying this concept to your life map, you also bring with you certain knowledge, skills, and attitudes. These determine your competence and help you in attaining your vision. Given such, there is a need for you to assess what knowledge, skills, and attitudes you have at present and what you need to gain along the way. This two-fold assessment will give you insights on your landmarks or measures of success. Jean realized that she needed to gain professional knowledge and skills on medicine so that she could become a doctor. She knew that she was a bit impatient with people so she realized that this was something she wanted to change.
Landmarks and Route: S.M.A.R.T. objectives
Landmarks confirm if you are on the right track while the route determines the travel time. Thus, in planning out your life, you also need to have landmarks and a route. These landmarks are your measures of success. These measures must be specific, measurable, attainable, realistic, and time bound. Thus you cannot set two major landmarks such as earning a master’s degree and a doctorate degree within a period of three years, since the minimum number of years to complete a master’s degree is two years. Going back to Jean as an example, she identified the following landmarks in her life map: completing a bachelor’s degree in biology by the age of 21; completing medicine by the age of 27; earning her specialization in infectious diseases by the age of 30; getting deployed in local public hospitals of their town by the age of 32; and serving as doctor in war-torn areas by the age of 35.
Anticipate Turns, Detours, and Potholes
The purpose of your life map is to minimize hasty and spur-of-the-moment decisions that can make you lose your way. But often times our plans are modified along the way due to some inconveniences, delays, and other situations beyond our control. Like in any path, there are turns, detours, and potholes thus; we must anticipate them and adjust accordingly.
~~~ Do or Do Not. There is no Try - Yoda
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