Description:

In this video, I’m going to talk with the famous Tai Lopez about my personal brand, how you can make (more) money online and how to grow faster on Instagram.

The first thing he told me is to be more unpredictable. That’s the secret of well-known YouTubers. You never know what kind of crazy thing they will publish next.

And that’s exactly what you have to do as well. You don’t have to post weird things like burning someone. You should focus on unpredictable, kind of crazy posts. For example to give away 10k and buy a homeless person a house in Germany.

And this is the ONE THING that you should do. Get a dynamic social media following. Get the most important Domino falling and then things take off. Kylie Jenner for example, her one thing was f.e. her Snapchat Account with 20mio. Snapchat Followers. Once she got the biggest Snapchat Account she was able to start her makeup brand. And do you think she is the best makeup cosmetic? No, but she did the ONE Domino right which is building up a huge dynamic following on social media. She then sold half of her company for 600mio Dollars and she became the youngest billionaire at age 21.

So this is what happens if you get the first Domino right. I can recommend you the book called ONE Thing by Gary Keller if you want to learn more about this.

The second teaching from Tai was this:

The nature of economics is very simple – what everybody does stops working

That’s the most simple definition of economics. So what you should always think of is: What is the next thing? If dropshipping is too saturated it’s might be better to build your own brand.

The last thing that we’ve talked about is buying an existing business. Buying a small business and take them online. Think of an old businessman who has a 1-2mio Dollar Company and he makes like 10k per month with it. But the problem is that he’s old and wants to retire to spend time with his grandchildren.

So what you can do now is to make him an offer: I’ll give you 10k each month for the next 10 years (like a down payment plan). If I cannot pay you the 10k anymore you’ll get your business back.

So your big advantage is that the business is already making 10k per month. So you first keep the business running. The second is that you can implement email marketing, e-commerce and bring them on social media. Then the business is maybe making 30k per month. So you end up with 20k of free money after you gave the previous owner his 10k. And after 8 years it’s your company.

Obviously, not everyone would say YES to this deal but 1 out of 10 would agree on that deal because he has nothing to lose and no other option. Because nobody buys small businesses. With this method, you can pump up an existing local business with modern technology like e-commerce and social media and it will be easy to make more money with this business because it’s already working.