The Tai Lopez Show

“Have a varied strategy to life” - Tai Lopez(click to tweet)Live your life with the constant idea in the back of your mind of what you want written on your tombstone when you die. We all die sometime, some sooner than others, and you simply cannot predict what will happen to you, and how much time you have left.This is why, regardless of your age, you need to be committed to sucking everything you possibly can out of life. Live it to the fullest, don’t let fear or doubt hold you back, and live in such a way that you can be confident that you will not die with regrets, but knowing you got the most out of your life.“Stress-reaction is one of the most important success factors in your life” - Tai Lopez(click to tweet)Points to Keep In MindDon’t be predictable in your approach to lifeHave a varied strategy to lifeConflict resolution is extremely powerful, and you must become a master of conflict resolutionStress-reaction is one of the most important success factors in your lifeLearn from different people, to get a varied viewpoint on lifeDiversify how you learn so that you can learn different things from different peopleStudy experts in their field. These are not always the loudest, but look for the most qualifiedThink of your tombstone when it comes to deciding what kind of life you wantSee omnystudio.com/listener for privacy information.

“If the PC changed the world. And then the Web changed the world. And then mobile changed the world. Then augmented reality is exponentially bigger because all of those feed into it.” - Jay Samit(click to tweet)It wasn’t just the miners who got rich during the Gold Rush.It was the apparel companies, the shovel manufacturers, the restaurants and bars in the area; with any trillion dollar industry comes the opportunity for many million dollar businesses to pop up. Augmented reality is the next trillion dollar industry, and it’s time you carve out your portion of the pie.On today’s episode of The Tai Lopez Show, we are joined by Jay Samit, the bestselling author of Disrupt You! to educate us on how to disrupt the augmented reality world. He is the Independent Vice Chairman of Deloitte, and his experience in technology spans across many different industries. His insights on how technology disrupts industry will help you carve out your million-dollar niche in augmented reality before anyone else does.Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“Every month there’s a new self-made billionaire. They didn’t go to the right schools, they don’t come from the right families, but they are looking at how the world changes and how to seize an opportunity from that change.” - Jay Samit(click to tweet)Points to Keep In MindPick a competitor-free industry and stake your claim as the world’s expertWhen dinosaurs fight for turf, be the mammal that sneaks in and carves out a cornerAugmented reality isn’t just about adding to the environment, it’s about subtractingExamples of new AR technologies: software that can tell if a person’s gait is suspicious or if body temperature is high/at risk for ebolaBig opportunity with AR to bypass employee training and equip new-hires with technology that makes them a professional (ex: electricians)Lots of opportunity in the UI/UX of AR-technologiesMoore’s Law says the price of AR or any tech will halve each yearAR integrates perfectly with cryptocurrency  See omnystudio.com/listener for privacy information.

Buy Scott’s book “The Four” and his others here.“Old media has basically been co-opted into being the investor relations PR department for big tech” - Scott Galloway(click to tweet)Scott Galloway is here today to talk about his new book “The Four,” which discusses the major four tech companies, Apple, Google, Amazon, and Facebook, and the ramifications of the world we live in.In the process, we talk about how marketing works in today’s information economy, why irrational urges are the best space to work in because they provide massive margins, how Google has come to replace God in our lives, and why the more boring, less sexy industries are often the best opportunities to make good money.Learn about all of that and more on this episode of The Tai Lopez Show!Don’t forget, you can listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“The question we have to wrestle with is: Is what is good for the consumer always good for society?” - Scott Galloway(click to tweet)Points to Keep In MindAmazon does a very good job of dominating the news cycle with features announced carefully for this purpose, sometimes more for the purpose of the PR than for the feature itselfOld media has basically been co-opted into being the investor PR department for big techTraditionally, companies would try to under promise and over deliver. Because of the current news cycle, the reverse is the case with big techThe big four tech companies are getting to the point where they are starting to effectively replace religion in our livesBig tech is bringing very complex moral questions with it80% of our phone time is spent in app, and 6 of the top 10 apps are owned by one company: FacebookMost of the money spent on advertising is with big tech companiesAs tech does better, it lowers prices, the reverse of the trend we see in traditional companiesPeople now look to Google for truth, rather than traditional sourcesThe question we have to wrestle with is: Is what is good for the consumer always good for society?We’ve had job destruction in the past, we’ve just never had companies as good at it as big tech is todayOur evolutionary instinct is to want more, because lack causes starvation. But in the current first-world dynamic of plenty, this has some unintended consequencesIrrational urges on the part of the consumer can lead to massive marginsMore households have a recurring revenue relationship with Amazon Prime than voted in the 2016 presidential election or have a landlineBrands may need to start to open stores to maintain their irrational marginsThe more boring the industry, the higher the potential ROITaiLopez.com/TheFourSee omnystudio.com/listener for privacy information.

“You should be testing at least 17 things per day if you can” - Tai Lopez(click to tweet)Are you experimenting every single day?A lot of people either don’t like to experiment, or don’t think to. But, in reality, experimentation is the only way that you can take the guesswork out of your decisions.If you have been working on a decision, and trying to figure out which is the best way to go with something, you need to find a way to break the components of the decision down into experimental aspects, and then measure the results.You should try to do at least 17 different small experiments every single day.Don’t forget, you can listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“Experiment and test every aspect of your life, and measure the results” - Tai Lopez(click to tweet)Points to Keep In MindYou should be testing at least 17 things per day if you canExperiment and test every aspect of your life, and measure the resultsWhen you experiment, you will be surprised at the small things that will actually make a difference in your lifePeople lie, but numbers don’tIf you think or say you’re smart, prove itAny attack on your current states is not an attack on your person. Use it as an attempt to mold who you will be in the futureSee omnystudio.com/listener for privacy information.

Get your FREE guide, “Seven Key Strategies to Grow your Profits” from NetSuite by visiting NetSuite.com/TAI“Motivation is essential to success, but you need to LEARN how to motivate yourself” - Tai Lopez(click to tweet)Motivation is required for success. It’s as simple as that. But while most people understand this truth, few people take the time to learn how to motivate themselves effectively and well. People learn a few of the things that motivate them, like money, or relationships, or achievement, and they put all their energy into that one aspect.But below I’m outlining the 17 different aspects of what motivates you, and how you can use them to achieve more.In all of this, it’s importance to have balance. Too often people get all caught up in one or two of the below, and put 90% of their effort into those things. Instead, work on spreading these out evenly in your life, around 5% or so for each, to make sure your life is as fulfilling and happy as possible.“The secret to being able to change is understanding why things are the way they are” - Tai Lopez(click to tweet)Points to Keep In MindMotivation is essential to success, but you need to LEARN how to motivate yourselfLife is about doing and enjoying stuffThe secret to being able to change is understanding why things are the way they areEverything in life is a trade-off of some good and some badOne of the most painful things in life is not being able to make sense of what happensALL 17 of the below things must be experienced to feel fulfilledDon’t focus on any single one of the below things. Work for a mix of all 1717 ReasonsAmbitionAchievement: Accomplish difficult tasks, overcome obstacles, and become an expertRecognition: Be recognized for what you doExhibition: Impress others with your actions or wordsMaterialismAcquisition: It’s ok to have some materialistic goals. Use it as motivationOrder: Make things clean, neat, and tidyRetention: Hoarding things- within balanceConstruction: Build some things, get your hands dirtyDefense of StatusInfavoidance: Concealing a handicap or a failingDefense: Defend yourselfCounteraction: Make up for failure by trying again, have prideHuman PowerDominance: Control one’s environmentDeference: Admire a superior person, praising and yielding to themAutonomy: Breaking free from constraintsContrarience: Being oppositionalAggression: Forcefully overcome an opponentAbasement: Surround and submit to others, and accept punishmentBlame Avoidance: Shifting and stifling blame-worthy impulsesHarm Avoidance: Desire to avoid harmInfavoidance: Avoiding being humiliated or embarrassedAffection Between PeopleAffiliation: To be close and loyal to another personSex: To form relationships that lead to sexual intercourseRejection: Reject certain people and thingsNurturance: Help the helpless, feed and keep them from dangerSuccorance: To have one’s needs met by someone elsePlay: Have fun, laugh, and relaxExchange of InformationSentience: Seek out and enjoy sensual experiencesCognizance: Understand, be curious, ask questions and find answersExposition: Deliver information to othersSee omnystudio.com/listener for privacy information.

“The thing about e-commerce and dropshipping is you can do it part-time. You don’t have to quit your job.” - Tai Lopez(click to tweet)We all have full-time jobs.They provide us with a regular paycheck and health insurance. The side hustle is the thing that, once big enough, will replace your full-time job. And dropshipping is the perfect side hustle to get you to that point where you can finally work for yourself.On today’s episode of The Tai Lopez Show, we are joined by two fans who have successfully made this transition with an online dropshipping business. By directly targeting their customers using Facebook ads, they are able to successfully convert online traffic into paying customers. The secret to this is that there is no secret. Tune in right now to launch a dropshipping business or take your currently existing operation to the next level!Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“Don’t try to sell something you would buy.”(click to tweet)Points to Keep In MindYou don’t need a big social media following to sell onlineYou won’t instantly make the money you want to makeSave $15k-$20k before quitting your jobDon’t sell something you would buyThink outside the boxUse Shopify to sell onlineIt’s okay to ‘waste’ about $2,000 in Facebook Ads in the beginningGet free browser Chrome extensions (ex: Facebook Audience Plus) See omnystudio.com/listener for privacy information.

Try ZipRecruiter FOR FREE at ziprecruiter.com/tai“The #1 reason small businesses fail is because of overfunding.” - Daymond John(click to tweet)We all want to be more productive.After our morning coffees, we have great ambitions for the day. And at the end of the day, we are disappointed with not reaching our morning’s goals. The trick to productivity is diagnosing where you go wrong during your day and fixing it. From becoming more selfish to giving yourself praise to working smart vs. working hard, there are many strategies you can integrate into your daily routine.On today’s episode of The Tai Lopez Show, we are joined by Daymond John. He is most well-known for his appearance on the hit show Shark Tank. As a teenager, he started the hip hop-inspired clothing line FUBU, while working his job at Red Lobster for $30,000/year. In this interview, we hear his insights on entrepreneurship, productivity, and what money actually means. He is the author of Rise and Grind. Tune in to hear his insights and take your daily hustle to the next level!Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“Obsession with your business is the same as obsession with your kid. You don’t look it as a daily job; you look at it as the process. You know you’re not going away, just like you know you aren’t giving your child up for adoption.” - Daymond John(click to tweet)Points to Keep In MindObsession is being focused on the process, not any sort of results2 ways to operate business: either reduce costs and/or increase sales3 ways to deal with customers: buy new one, upsell current one, or make one buy more frequentlyRead The Power of Broke to learn how money is a superficial highOver 60% of Forbes 1000 are self-made men and womenThe #1 reason small businesses fail is because of overfundingThe people who tell you to quit your day job are selling insecurityMoney is a great slave and horrible masterIf you have to take a vacation from your job, you shouldn’t go backBe careful of the email inbox trap where you are focusing on fixing other people’s problems and not your ownRead The Everything Store to learn the story behind AmazonThe top 10 richest men have more money than the bottom 3.5 billion combinedProductive people are selfish, give praise to themselves, and meditate on their goalsAn entrepreneur questions the system and everything around themSometimes being born into wealth is a disadvantage See omnystudio.com/listener for privacy information.

“If people are high in narcissism they feel entitled to a larger slice of the pie.” - Dr. David Buss(click to tweet)If you haven’t heard of it before, there’s something called the dark triad. It’s a test that analyzes your exploitative personality traits: Narcissism, Psychopathy, and Machiavellianism. These traits seems to be on the rise in today’s society.In fact Tai had models who auditioned for his clothing line take the test, and had his staff not call back anyone who scored more than a 60%. As a result they had to turn away 70% of the models, which is much higher than normal.On this episode of The Tai Lopez, Tai and Dr. David Buss dive into what is making these exploitative traits increase. Download this episode today to see what is contributing to this epidemic.In the year 1900 90% of society lived in rural or small villages. Today it’s switched.(click to tweet)The Cliff Notes:The dark triad has increased in recent years.Narcissism is not being able to see other people’s side and feeling entitled.Machiavellianism is being two faced.Psychopathy is a lack of empathy.In 1900 most people lived in small societies, now most people live in big cities.In cities people can escape consequences.Social media is bringing light to the narcissism today.People in the midwest are less likely to be narcissistic.“Living in cities eliminates the reputational damage associated with exploitative strategies.” - Dr. David Buss(click to tweet)Links:“Evolutionary Psychology” by Dr. David BussSee omnystudio.com/listener for privacy information.

Get your FREE guide, “Seven Key Strategies to Grow your Profits” from NetSuite by visiting NetSuite.com/TAI“Practical intelligence is the most important kind of intelligence” - Tai Lopez(click to tweet)The skill of the making good decisions is one of the most important skills to master in your life. There are several ways to go about it, but one of the best strategies is to look at the different courses, and ask which way has the most potential for regret, and then take the other one.Regrets are one of the worst things you can have, so if you live you life with an eye towards always looking for the way to have the least of them as you get older, you will be happy with your decisions as you go.“Use the idea of regret minimization to make decisions: Go the way that will leave you with less regrets” - Tai Lopez(click to tweet)Points to Keep In MindPractical intelligence is the most important kind of intelligenceYou should never take one side of an argument without being able to argue the other side as wellThe more important, the less intelligent and objective we becomeUse the idea of regret minimization to make decisions: Go the way that will leave you with less regretsThe number one regret of most people when they get older is not spending enough time around the people they loveAlways ask what the downside is to every decision, and go for the one with the lease downsideSee omnystudio.com/listener for privacy information.

“If people like your vibe, they will be likely to buy from you” - Tai Lopez(click to tweet)To be successful in anything in life takes an ability to sell, or more generally to be persuasive. Whether your focus is business, or even if you’re simply deciding where to go out tonight and have to convince your friends of your idea of where to go, you’re going to be selling.Today’s episode digs into the specific techniques in sales that will take you from not knowing what you’re doing and having a low level of persuasion, to having the ability to effectively persuade others, and so be able to lead your best life and see the success you are desiring in it.Don’t forget, you can listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“Enthusiasm will go a long ways in sales” Tai Lopez(click to tweet)Points to Keep In MindGood salespeople start with questions, bad salespeople start with featuresYou can’t sell the solution if you don’t know what the need/problem isKeep the prospect talking as much as possiblePeople hate silence on the phone, if you leave silence, people will start to reveal more and more about themselvesChoose which “frame” you want to use to show why someone should buy from youSalespeople have to have incredible amount of positiveness in their attitudeEnthusiasm will go a long ways in salesEven genius people are not super logical. You have to appeal to emotionsIf people like your vibe, they will be likely to buy from youSee omnystudio.com/listener for privacy information.