The Tai Lopez Show

“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.

Try ZipRecruiter FOR FREE at ziprecruiter.com/taiGo to stamps.com and click on the microphone at the top of the homepage and type in "TAI" to get a 4-week trial plus free postage and a digital scale without any long-term commitment. “You have to be able to see possibilities before you pursue possibilities” - Tai Lopez(click to tweet)Your potential will be what you decide it is. The reality is that what holds most people back is their own mindset. If you think you have unlimited potential, within your circle of competence, you really do have unlimited potential within that circle.The circle of competence refers the range of things that you are really competent in. For instance, if you are not at all naturally athletic, you do not have unlimited potential in athletic pursuits. But provided you have a certain level of competence within a pursuit or skill, your potential is probably only being limited by what you mindset is.So increase the range of your mindset, and what you believe is possible for you to achieve. As you do that, you will see your results begin to increase in kind.Don’t forget, you can listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“About 90% of the world only operates at 10% of their potential” -Tai Lopez(click to tweet)Points to Keep In MindYou have to be able to see possibilities before you pursue possibilitiesAbout 90% of the world only operates at 10% of their potentialNothing happens unless you, at some point, really believe it is doableThere are a lot of things that are required to live a good life, but money is one of the most measurableSee risk as opportunityLook for balance in your work life70% of billionaires did sales. It’s a great early educationMost of society is not ready or willing to learnYou have to believe it is possible before you can achieve itEach thought starts to create a groove in your mind. As you continue to think negative thoughts, you reinforce bad mental habits that will keep you downYour mental frameworks of thought will define what is really possible for youYou are not entitled to a good life, just the pursuit of a good lifeIf you solve problems, you will make money. The harder the problem you solve, the more money you will makeUnderstand your audience, and make an impression on themUp your vocabulary to seem smarterWhatever you can conceive, within your circle of competence, you can achieveFind what’s working, and then double downObstacles are the sign that you’re about to make big moneyAnything that is easy will likely not make much moneyMake up for problems with volumeYou will always have a job of you are not afraid of the phoneSee omnystudio.com/listener for privacy information.

“Why does life have to be about going from one pleasant experience to another?” - Tai Lopez(click to tweet)This week was all about learning how to live the best life you possibly can, on your own terms. This means thinking through very carefully what that specifically means for you, what is most important to you, and what you would like written on your tombstone, and then optimizing your entire life around that end-goal.We also talk about the science of making decisions, why the modern world’s endless possibilities actually paralyzes our decision-making ability, why and how to cross-pollinate in business networking, and much, much more, on this episode of the Tai Lopez Show.Don’t forget to checkout Tai’s Daily Flash Briefing on Alexa.“Organisms that only learn through trial and error tend to die out”(click to tweet)Points to Keep In MindWrite the outline of your autobiography up until now and be honest: Would anyone want to read it? If not, you might need to make some changesUse the above biography test regularly to evaluate your decisionsThe modern lifestyle gives us so much convenience that it’s almost like the life is sucked out of itKnow where to go to business network: Go to somewhat unexpected places for who you are and what you doTry to cross-pollinate with other business in networking and learningGo to places and categories where the smartest people areTo grow any physical business, make sure you get out to meet people in different categoriesOrganisms that only learn through trial and error tend to die outKnow what you want out of life, and optimize your life aggressively around that goalYou must understand the psychology of people, and know how to read them, if you want to be able to make moneyLook for people that compliment you by having strengths that are different than youDiversity is essential in the workplace for enough variety of background to be effectiveHire people who have characteristic you don’t know how to trainSee omnystudio.com/listener for privacy information.

Get your FREE guide, “Seven Key Strategies to Grow your Profits” from NetSuite by visiting NetSuite.com/TAI“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.

“To be good in business, you have to be able to listen carefully and read people” - Tai Lopez(click to tweet)Stubbornness is a primary reason for most people’s inability to achieve what they want, and be successful on their own terms. When you are stubborn, you limit your opportunities. But the truth is that really good opportunities do not come around too often in life, so if you really want to be successful you have to seize them when they do, and take full advantage of them.In addition, a lot of people are completely unwilling and even unable to see their own faults, because of their sensitivity to input and correction from others. When you are corrected, but all you can see or feel is how hurt you are that someone else doesn’t think you know everything, you are setting yourself up for failure.Listen to this episode to hear the 3 reasons most people fail, and how you can avoid them, to achieve great things in your life.Don’t forget, you can listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“If things change, you acquire new evidence, you need to change and not be stubborn” - Tai Lopez(click to tweet)Points to Keep In MindThe number 1 reasons people aren’t successful is because they are stubborn and unable to changeTo be good in business, you have to be able to listen carefully and read peopleMost people are completely unwilling to change their routineIf things change, you acquire new evidence, you need to change and not be stubbornBy being stubborn, you limit your opportunitiesDo not be overly optimistic. Very few lives are full of opportunities, so seize them when you doMany people are overly sensitive to advice or correctionSee omnystudio.com/listener for privacy information.

Try ZipRecruiter FOR FREE at ziprecruiter.com/taiGet a month trial of Hims for just $5 today right now while supplies last. Go to forhims.com/taiGet your FREE guide, “Seven Key Strategies to Grow your Profits” from NetSuite by visiting NetSuite.com/TAI“Good eating lifestyle is not a diet, because it’s not limiting. It’s a lifestyle” - Tai Lopez(click to tweet)The Gracie Diet is an eating lifestyle, developed by the Gracie family of Brazilian Jiu Jitsu fame, and designed to combine the correct foods with each other, to give you energy and health to accomplish what you want in life.But even more fundamentally, in this episode I talk about why it is important to be willing to experiment. Those who have done incredible things have always been willing to experiment, to try things out and see if they work, and whether that’s diet, lifestyle, habits, or anything else, everyone is different, and so experimentation is often the only way you can know if something is right for you specifically.“When starting a new lifestyle, take it slowly and in stages” -Tai Lopez(click to tweet)Points to Keep In MindThe fuel you put in your body is going to affect your performance in a powerful wayMost people don’t pay nearly enough attention to how certain foods make them feelMany people are guided almost entirely by the pleasure of eatingGood eating lifestyle is not a diet, because it’s not limiting. It’s a lifestyleMost people lack potassium in their dietEat fruit for dessertA 24 fast once per month is a great cleanseIf you write down everything that you eat, you will realize that you’re not eating the way you wantWhen starting a new lifestyle, take it slowly and in stagesMake sure you hang out with people who eat similarly to the way you want to eat, because it will affect you greatlyBe constantly willing to try out different things, to find out what works for youWillingness to experiment is extremely important to successTake naps“Willingness to experiment is extremely important to success” - Tai Lopez(click to tweet)See omnystudio.com/listener for privacy information.