The Tai Lopez Show

“Spend at least a couple hours per day really thinking through what you’re doing in your life” - Tai Lopez(click to tweet)Unintended consequences often negate the good that a regulation or ruling in government is trying to do. In fact, often the problem that was supposed to be solved is simply magnified through the unintended consequences, and the same thing can be true for your life.That is why I believe that entrepreneurs, and really everyone else as well, need to learn game theory, to understand the various ways in which their decisions will affect other people’s decisions, thereby potentially changing the outcome, and sometimes reversing the good you were trying to do with the decision in the first place.Listen to this episode to learn more about game theory and how it can apply to the decisions you make.Also, make sure to checkout the new Tai Lopez Flash Briefing on Alexa!“In the modern world, you need to be careful not to be overstimulated” - Tai Lopez(click to tweet)Points to Keep In MindA lot of regulations have unintended side effects that must be consideredFor every action, there is an equal and opposite reactionHumans have a desire to simplify complex topic to understand them, with the result often being that the wrong conclusion is reachedMother nature always laughs lastEntrepreneurs need to understand game theoryAlways consider how your actions will be perceived by others, not just the immediate impactThe current education system encourages students to pump information into their brain and then dump it out once they finish the testIn the modern world, you need to be careful not to be overstimulatedSpend at least a couple hours per day really thinking through what you’re doing in your lifeThe human body is built to do HIIT: High Intensity Interval TrainingIt’s always better to sell to the willingSee omnystudio.com/listener for privacy information.

“Diversify who you learn from” - Tai Lopez(click to tweet)No matter how important you think that networking is, you’re probably underestimating the real value of it. It’s so valuable that you almost can not place enough importance on it. But the way that you network is incredibly important. There is a right way and a wrong way, and on today’s episode I’m telling you what the right way is so that you get the most out of this essential aspect of business.First of call, don’t worry about email, get phone numbers whenever you can, so that you can text with people. In 2017, texting is where the attention is, and so that is where you should be too.Listen to the rest of this episode to get all 7 steps to becoming a better business networker.“A certain minimum amount of extroversion will make you happier” - Tai Lopez(click to tweet)Points to Keep In MindIt’s not what you know, it’s who you knowA certain minimum amount of extroversion will make you happierIf you isolate yourself too much, you will not be as happy as you could beIf you want to make money, you’re going to have to network even if you’re an introvertDiversify who you learn fromAlways hire people who have skills that you can’t teachOrganisms that only learn through trial and error tend to die outAnyone who is hard to talk to is probably not worth talking toThink of yourself as a goldminer, going through life looking for the nuggets of truth you can find from anyoneThe 7-Steps to Better Business NetworkingRealize that you are underestimating the power of business networkingIf you are not good at networking, attach yourself to someone who is good at itGet phone numbers instead of emailsDon’t be crazy about follow upsFollow the reciprocation rule: Speak their language, respect the way that they communicate, and follow those general rulesLeave them hungry for more of you. Don’t be afraid to let them be the last person who texted youGo to places that are somewhat unexpected for who you are and what you do. Try to cross-pollinate. Focus less on what the event is, but more on how sharp the people areSee omnystudio.com/listener for privacy information.

“We are sponges. Find a mentor and get inspired by hanging around that person.” - Tai Lopez(click to tweet)A productive daily routine is difficult to achieve.We all wake up in the morning, check our phones, and then go about our days doing the best we can. But then we finish our day and go to bed thinking: was that really the best I could do? Your daily life should be composed of tasks dedicated to either maintaining the life you’re living or trying to improve your life for some future date. If you’re disappointed with your daily routine, it’s because you aren’t attending to this rule. And if you believe you are, some trait is preventing you from seeing the picture clearly.On today’s episode of The Tai Lopez Show, we are taking a close look at productivity. How can you squeeze the most juice out of your day? The first step is to be honest with yourself. Self-deception will disguise laziness as procrastination or stubbornness as ‘your opinion.’ So, before listening to this podcast, take a second to check your ego at the door and get ready to make the changes required to take your daily routine 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!“We are born with animal brains. We only care about the now, and we are bad at planning for the future. The school system does not teach us how to rewire this. So now it’s your responsibility.” - Tai Lopez(click to tweet)Points to Keep In MindStudies show using analog is more effective than digital, so use notepads to write down tasks, to-do’s, and ideas and use apps like Evernote to take pictures/back upBe methodical; K.I.S.S. - Keep It Short and SimpleGet a PC with ergonomic keyboard and mouse; Macbooks are not made for productivityPay attention to how you spend your time at workRecognize the greats and take notes of what they do to get to their levelAll problems are rooted in stubbornness: sensitivity, sensual, stupidity, and self-importancePrevent injuries; Lebron James spends $1 million/year on his body; spend the $10 on a mousepad that prevents carpal tunnel syndromeSpecify what message you are replying to in messaging tools like WhatsApp or iMessageConscientiousness is most important, defined as a combination of organization, diligence, prudence, and perfectionismSpend 30 minutes to 1 hour organizing your dayHack your reward system by rewarding yourself for accomplished tasksYou can’t enable progress without creating monotonous maintenance routinesAsk yourself what are your bad brain habits and then figure out how to rewire themParents love you because they see themselves/their DNA in youIn the morning, a) look at the big picture/scan your emails, b) then methodically go through your emails, c) write down a priority listAnd at the end of the day, a) figure out what you’re doing wrong, and b) write down a short hypothesis on how to fix thatFind a mentor and get inspired by hanging around that personNo good habits are formed from people being nice to youPowerful people take power naps, set a timer for 18 minutesSee omnystudio.com/listener for privacy information.

“You don’t necessarily want to start with your best idea, because it will be your worst execution. Just start something!” - Tai Lopez(click to tweet)David Mills has made $40 million off of his internet business, and currently makes $11,000 in pure profit per day online, so today I am talking with him about how exactly he was able to accomplish all of that, so that you can learn from it and achieve those same kinds of results in your own business.A lot of today’s episode is about SEO, which stands for Search Engine Optimization, and is absolutely essential if you want to generate organic traffic from Google. If you master SEO, you will always have free traffic to your business, which means you will not need to spend as much on paid traffic, which is how you can increase your profit margin.Learn on this and more, on today’s 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!“Only about 1% of entrepreneurs understand how important organic traffic is” - Tai Lopez(click to tweet)Points to Keep In MindEven if your website is terrible, find a way to go through the full process of getting it up, so you know how to do itYour first attempt will always be the worstYou don’t necessarily want to start with your best idea, because it will be your worst execution. Just start something!Only about 1% of entrepreneurs understand how important organic traffic isOne of the best places to hide a dead body is on page 2 of Google. You have to be on page 1Whatever you are selling, try to buy a domain name that matches a few of the words people will be typing inYou need to get links to your website from other websites around the content of your websiteReach out to the top 20 websites, and offer to swap interviews with themPractice reading with something that is making you read faster and fasterWhen you’re practicing something, you have to let go of being a master of itIt’s been proven over and over again that you will make more money if you know more than one languageLearning language needs to be conversational, and full immersion is the bestYour brain can learn an incredible amount, but you have to show your brain subconsciously that it is importantTo make money online, sell a simple product that you use everyday, and you know how to improveYou don’t have to be intimidated by SEOSee omnystudio.com/listener for privacy information.

“Start marketing by giving away things for free” - Travis Rosser(click to tweet)Business ideas are everywhere, if you know where to look for them. Today, we’re talking through some business ideas that can get you up and earning money online fast.The key is to take either your profession or your passion, educate people around it, build an online course, ideally include a business component to it (like how to earn money doing whatever you are teaching), and then sell and host it through a platform like Kajabi.Using this formula, you can get setup earning passive income fast. Get all the details on today’s 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!“Most people will not be paying customers, so the top of your funnel needs to be wide” - Tai Lopez(click to tweet)Points to Keep In MindYou can turn your profession or your passion into a businessTo market, just get out into the world and be yourself!If people think they know you, they will buy from youStart marketing by giving away things for freeMost people will not be paying customers, so the top of your funnel needs to be wideIdeally, you want to be in a space where there is some demand, but you can also create a monopolistic effectSee omnystudio.com/listener for privacy information.

“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.