Modern Wisdom #098 - Mike Winnet - The Contrepreneur Formula Exposed: Behind The Scenes
Aug 29, 2019
Mike Winnet, an entrepreneur and creator of the YouTube series "The Contrepreneur Formula Exposed," shares insights from his extensive investigation into the world of internet marketers. He discusses the predatory tactics used to exploit aspiring entrepreneurs and humorously recounts his personal failures in get-rich-quick schemes. The conversation also tackles the manipulative strategies of motivational events, the complexities of online feedback, and the need for transparency in e-learning, ultimately advocating for genuine entrepreneurial practices.
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Flawed Business Model
- Online marketing courses create a flawed business model.
- By teaching everyone the same strategies, they turn customers into competitors, hindering unique offerings.
Financial Advisor Skepticism
- Mike Winnet, after selling his business, sought financial advice on how to manage his newfound wealth.
- He consulted 15 advisors but found none willing to disclose their own investment practices, raising his suspicions.
Exposing Tactics, Not Individuals
- Focus on exposing manipulative tactics rather than individuals.
- Targeting specific individuals won't solve the larger problem; educating people about common predatory practices will.