The Tai Lopez Show

Latest Episodes:

How You Can Start a Passive Income Stream Today: Lessons Learned in 9,000+ Businesses Jan 19, 2020

Show notes

“Start marketing by giving away things for free” - Travis Rosser

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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

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Points to Keep In Mind

You can turn your profession or your passion into a business
To market, just get out into the world and be yourself!
If people think they know you, they will buy from you
Start marketing by giving away things for free
Most people will not be paying customers, so the top of your funnel needs to be wide
Ideally, you want to be in a space where there is some demand, but you can also create a monopolistic effect

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Hard Work Alone Does Not Get You Success Jan 13, 2020

Show notes

“Have a varied strategy to life” - Tai Lopez

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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

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Points to Keep In Mind

Don’t be predictable in your approach to life
Have a varied strategy to life
Conflict resolution is extremely powerful, and you must become a master of conflict resolution
Stress-reaction is one of the most important success factors in your life
Learn from different people, to get a varied viewpoint on life
Diversify how you learn so that you can learn different things from different people
Study experts in their field. These are not always the loudest, but look for the most qualified
Think of your tombstone when it comes to deciding what kind of life you want

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The Next Trillion Dollar Industry? Augmented Reality with Jay Samit Jan 11, 2020

Show notes

“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

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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

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Points to Keep In Mind

Pick a competitor-free industry and stake your claim as the world’s expert
When dinosaurs fight for turf, be the mammal that sneaks in and carves out a corner
Augmented reality isn’t just about adding to the environment, it’s about subtracting
Examples of new AR technologies: software that can tell if a person’s gait is suspicious or if body temperature is high/at risk for ebola
Big 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-technologies
Moore’s Law says the price of AR or any tech will halve each year
AR integrates perfectly with cryptocurrency

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Apple is Sex, Google is God, Facebook is Heart, & Amazon is Consumptive Gut, with Scott Galloway Jan 06, 2020

Show notes

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

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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

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Points to Keep In Mind

Amazon 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 itself
Old media has basically been co-opted into being the investor PR department for big tech
Traditionally, companies would try to under promise and over deliver. Because of the current news cycle, the reverse is the case with big tech
The big four tech companies are getting to the point where they are starting to effectively replace religion in our lives
Big tech is bringing very complex moral questions with it
80% of our phone time is spent in app, and 6 of the top 10 apps are owned by one company: Facebook
Most of the money spent on advertising is with big tech companies
As tech does better, it lowers prices, the reverse of the trend we see in traditional companies
People now look to Google for truth, rather than traditional sources
The 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 today
Our evolutionary instinct is to want more, because lack causes starvation. But in the current first-world dynamic of plenty, this has some unintended consequences
Irrational urges on the part of the consumer can lead to massive margins
More households have a recurring revenue relationship with Amazon Prime than voted in the 2016 presidential election or have a landline
Brands may need to start to open stores to maintain their irrational margins
The more boring the industry, the higher the potential ROI

TaiLopez.com/TheFour

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Are You Truly Making Moves in Life Right Now? Show Me the Numbers. Dec 29, 2019

Show notes

“You should be testing at least 17 things per day if you can” - Tai Lopez

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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

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Points to Keep In Mind

You should be testing at least 17 things per day if you can
Experiment and test every aspect of your life, and measure the results
When you experiment, you will be surprised at the small things that will actually make a difference in your life
People lie, but numbers don’t
If you think or say you’re smart, prove it
Any 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 future

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17 Ways to Get Motivated and Stop Procrastinating Dec 28, 2019

Show notes

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

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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

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Points to Keep In Mind

Motivation is essential to success, but you need to LEARN how to motivate yourself
Life is about doing and enjoying stuff
The secret to being able to change is understanding why things are the way they are
Everything in life is a trade-off of some good and some bad
One of the most painful things in life is not being able to make sense of what happens
ALL 17 of the below things must be experienced to feel fulfilled
Don’t focus on any single one of the below things. Work for a mix of all 17

17 Reasons

Ambition

Achievement: Accomplish difficult tasks, overcome obstacles, and become an expert
Recognition: Be recognized for what you do
Exhibition: Impress others with your actions or words

Materialism

Acquisition: It’s ok to have some materialistic goals. Use it as motivation
Order: Make things clean, neat, and tidy
Retention: Hoarding things- within balance
Construction: Build some things, get your hands dirty

Defense of Status

Infavoidance: Concealing a handicap or a failing
Defense: Defend yourself
Counteraction: Make up for failure by trying again, have pride

Human Power

Dominance: Control one’s environment
Deference: Admire a superior person, praising and yielding to them
Autonomy: Breaking free from constraints
Contrarience: Being oppositional
Aggression: Forcefully overcome an opponent
Abasement: Surround and submit to others, and accept punishment
Blame Avoidance: Shifting and stifling blame-worthy impulses
Harm Avoidance: Desire to avoid harm
Infavoidance: Avoiding being humiliated or embarrassed

Affection Between People

Affiliation: To be close and loyal to another person
Sex: To form relationships that lead to sexual intercourse
Rejection: Reject certain people and things
Nurturance: Help the helpless, feed and keep them from danger
Succorance: To have one’s needs met by someone else
Play: Have fun, laugh, and relax

Exchange of Information

Sentience: Seek out and enjoy sensual experiences
Cognizance: Understand, be curious, ask questions and find answers
Exposition: Deliver information to others

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How To Go From $0 to $7,000/Month Dropshipping Online Dec 24, 2019

Show notes

“The thing about e-commerce and dropshipping is you can do it part-time. You don’t have to quit your job.” - Tai Lopez

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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.”

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Points to Keep In Mind

You don’t need a big social media following to sell online
You won’t instantly make the money you want to make
Save $15k-$20k before quitting your job
Don’t sell something you would buy
Think outside the box
Use Shopify to sell online
It’s okay to ‘waste’ about $2,000 in Facebook Ads in the beginning
Get free browser Chrome extensions (ex: Facebook Audience Plus)

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Daymond John: How Selfishness Makes You More Productive Dec 22, 2019

Show notes

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“The #1 reason small businesses fail is because of overfunding.” - Daymond John

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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

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Points to Keep In Mind

Obsession is being focused on the process, not any sort of results
2 ways to operate business: either reduce costs and/or increase sales
3 ways to deal with customers: buy new one, upsell current one, or make one buy more frequently
Read The Power of Broke to learn how money is a superficial high
Over 60% of Forbes 1000 are self-made men and women
The #1 reason small businesses fail is because of overfunding
The people who tell you to quit your day job are selling insecurity
Money is a great slave and horrible master
If you have to take a vacation from your job, you shouldn’t go back
Be careful of the email inbox trap where you are focusing on fixing other people’s problems and not your own
Read The Everything Store to learn the story behind Amazon
The top 10 richest men have more money than the bottom 3.5 billion combined
Productive people are selfish, give praise to themselves, and meditate on their goals
An entrepreneur questions the system and everything around them
Sometimes being born into wealth is a disadvantage

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How to Know Who to Avoid in Life Dec 21, 2019

Show notes

“If people are high in narcissism they feel entitled to a larger slice of the pie.” - Dr. David Buss

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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.

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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

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Links:

“Evolutionary Psychology” by Dr. David Buss

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How to Make Hard Decisions With Zero Regrets Dec 19, 2019

Show notes

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

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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

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Points to Keep In Mind

Practical intelligence is the most important kind of intelligence
You should never take one side of an argument without being able to argue the other side as well
The more important, the less intelligent and objective we become
Use the idea of regret minimization to make decisions: Go the way that will leave you with less regrets
The number one regret of most people when they get older is not spending enough time around the people they love
Always ask what the downside is to every decision, and go for the one with the lease downside

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