Hey, this is Chris Miller, and I’m excited to share some highlights today from the 4th episode of the Big 5 Podcast. If you are a Business Professional, Home Based Business Owner, or other Entrepreneurial-Minded person looking to start something of your own now or in the future, you need to have the Big 5 on your weekly listen list!.
Each week, the Big Five: myself, Terry Wilson, Bobby Christy, Gary Greene, and Laurie Brown, will be answering questions and discussing important topics, such as:
Business and Market Trends
Leader Insights
Ideas for Future Business Growth
Discuss Important Tips to Get You Moving
Answer Questions from Members
Business Growth Mindset Discussions
and More!
In Episode 4 of The Big 5 Podcast, 4 of our industry experts discuss how performing with intention can lead to monumental growth in businesses.
Business success is not just about having a great idea or working hard to achieve it. In today’s world, where distractions are everywhere, being intentional can make the difference between thriving and just surviving. Intention is not just about taking action, however, either. It also has a lot to do with having the right mindset. Entrepreneurs who cultivate a growth-oriented mindset are more likely to achieve extraordinary results. Having a mindset that:
embraces challenges as opportunities
views setbacks and failures as learning opportunities
remains open to innovation
is essential for the successful entrepreneur. If you want to learn more about how mindset plays an integral role in your business and career life, check out our other podcast: “The Miller Mindset” here.
The Miller Mindset podcast, Tues. at 2pm EST.
Mind your Mind!
Tune in to “The Miller Mindset” every Tuesday at 2pm EST and visit us here to listen to previous episode as well.
Mindset alone won’t get you to the finish line however. Intentional mechanics are also crucial for business growth. From targeted marketing strategies to streamlined operational processes, these mechanics are like gears that drive growth. To optimize business mechanics, entrepreneurs should identify key performance indicators (KPIs) that align with their growth goals. This ensures that actions are intentional and aligned with the business’s growth trajectory.
The synergy between intentional mindsets and mechanics is undeniable. By fusing a growth-oriented mindset with intentional mechanics, entrepreneurs create a powerful recipe for success. Maintaining this equilibrium enables businesses to innovate effectively, adapt swiftly to market changes, and drive sustainable growth.
Success is No Accident
Whatever you want in life, you can get it with the right mindset, training, and direction.
Our program is designed to help you earn $10,000+/month in the first 60 Days. Find out more at: TheMillerFirms.com/Coaching
In conclusion, being more intentional with daily tasks, processes, and strategies is the heartbeat that guides a business journey. With the right mindset and intentional mechanics, businesses can thrive, adapt, and flourish in any landscape. Tune in to The Big 5 Podcast to discover more insightful discussions on the pivotal elements that drive business success.
Take a minute right now and go to this page & sign up for alerts every single time we release a new episode. Also, you can ask your questions there as well, and we’ll answer them live during the show.
So get on over there & sign up right now so that you don’t forget. The Big 5 Podcast Show is here.
Don’t forget to follow us on Social Media!
Stay up to date with news, announcements and cool stuff from our company.
For more information about how you can take your Business to the next level, consider becoming a member of TW3 Systems, a group of entrepreneurs who have decided to band together for the financial freedom and benefit of all in the group.
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So, you want to make smart use of Chat GPT and other AI tech to build your home-based business and help it grow to staggering heights. Here are some tips to getting it right.
One thing I will tell you is that when it comes to speaking with a computer, you need to be specific. AI is super advanced, and it can draw conclusions based on the information you provide, but you have to provide that information first. If you provide too little information, you’ll get your answers, but they will be more generic. If you provide more detailed information your answers will be more perfected and authentic for your purpose.
Think about it as a conversation, but a transactional one. You give some information, and you get some back. Then you give some more, and you get some more back. The whole thing is a series of progressive prompting of questions and answers until you have your finished product that you were trying to get.
Have a look at the following example of some questions I asked Chat GPT this morning to develop a strategy for my business marketing and authority development. This should help you understand the depth you might want to take with your own inquiry to get the results you are looking for.
Step 1: – Define Your Goal
I want to (insert achievement or goal here) in the (insert category here) for (insert desired marketspace here). Can you give me a step-by-step guided action plan to achieve this within (insert desired timeframe here)?
I think I want to focus my niche on (insert target niche here). Can you help me study existing influencers currently in this niche to understand their content, engagement strategies, and audience demographics?
I need to think about my content strategy and branding for this endeavor. Can you help me craft a clear and compelling brand message that defines my unique value proposition in this space?
Can you help me write this by giving me a list of questions I can answer for you that will give you the information you need from me to make a compelling brand message that will define my unique value proposition.
OK, thank you. I will now answer all 11 of these questions one at a time. When I have completed my answers, will you be able to write this for me?
ChatGPT Reply
Absolutely, I’ll be here to help you craft your brand message once you’ve answered all the questions. Feel free to provide your answers one at a time, and I’ll assist you in creating a compelling and personalized brand message that captures your unique value proposition. Whenever you’re ready, just let me know!
Step 2: Provide some insight into you
Answer all of the questions. This is done for 2 reasons. First, it gives the program something to work with and develop from based on your personal beliefs and history. Second, it provides the program with valuable insight into the way you think, write, and operate so that it can tailor the writing to sound more like you. I did this one at a time, inputting my answers individually and watching as Chat GPT changed the narrative to include information for each question over time. After all questions are answered, read through the final product and see how it sounds. In my case, something about it was off, so I kept prompting some changes until I got it the way I wanted it. You may choose to just re-write it to make it more your voice, but since the machine was using several writing examples of my tone, thought processes, and mannerisms to use as a guide in the writing style, my voice was pretty much there already.
See the example re-write prompts I used below:
I think this is a great start but, while reading it, the word confidence seems to show up too often and it doesn’t sound right. Can you reword it a bit to correct that?
This one is better from the repetition standpoint, but now it includes a lot of big words that some people find hard to understand. Ronald Reagan was known as the “Great Communicator” because he asked his speech writers to write every speech in a tone and manner that an 8th grader could understand and relate to it. I like that concept and wonder if you could re-write this again, taking that concept into account?
Step 3: Find a Plan of Approach
Based on the information I have provided you so far, what would you suggest should be my defined target niche?
Based on the information I have provided you already, and market information about the existing influencers in this niche, what would you suggest should be my content, engagement strategies, audience interests, and audience demographics?
Now, what would you suggest for my content themes, formats (videos, blog posts, infographics), and posting frequency?
Help me select 1-2 social media platforms where my target audience is most active and aligned with these content format preferences.
Should I create a (enter social platform here) group and, if so, what should I call it?
What are the top 10 (enter social platform here) hashtags that would fit my purpose for getting in front of the right prospective members for my group?
What suggestions would you recommend I include to maximize exposure and engagement based on my specific audience niche for this endeavor?
Step 4: EXECUTE
Now you should have a well defined and clear action plan for achieving your marketing goals.
My Final Results:
Empowering Regular Folks Across the USA to Make Their Business Dreams Real
Are you a hardworking person who dreams of running your own business and securing your financial future? If you’re ready to take charge of your path and build something meaningful, you’re in the right place. We’re here to guide you every step along your journey to being an entrepreneur with your own home-based business.
At The Miller Firms, we’re all about making your journey as an entrepreneur feel strong and doable. When you come across our stuff, get ready to feel motivated—motivated by knowing you’re not alone in this journey, and that success is definitely within your reach.
Feeling strong is key to this journey. We’re here to help you gather the tools, tips, and help you need to feel confident in your choices. From getting better at what you do to dealing with the tough parts, our goal is to give you the know-how to succeed.
Join us as we create a community that thrives on feeling empowered. Together, let’s change doubts into determination, hesitations into action, and dreams into real results. Shoulder to shoulder, let’s beat the odds, welcome challenges, and build a life that shows your potential.
Ready to jump into this journey? Don’t miss out on these valuable insights and support. Like, subscribe, follow, and join us now at https://www.linkedin.com/groups/7480588/ to stay in the loop. Let’s work together to create a business and a life that matches your goals and ambitions.
So that’s it folks:
I decided to use the same approach to design my new LinkedIn group and if you join it, this tutorial will have been the first post in the group. I hope you do decide to join, and I hope you do decide that becoming an entrepreneur working from your own home-based business office is the right move for you.
I intend to help as many people as I can enhance their lives by succeeding with their businesses. After all, “Helping Your Business, is our Business” at The Miller Firms, LLC. – Thanks for reading, Chris Miller
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The entrepreneurial spirit is not hindered by a lack of financial resources; it thrives on determination, creativity, and innovative thinking. Contrary to popular belief, starting a business with no money is challenging but not impossible. With the right mindset, a sprinkle of inspiration, and a dash of strategic planning, aspiring entrepreneurs can turn their dreams into reality. This article aims to guide budding entrepreneurs by offering three exciting startup ideas, accompanied by a suggestion to explore the free training program available at 1400now.com to kickstart a successful journey as an online marketer.
1. The Power of E-commerce Dropshipping
In recent years, e-commerce has taken the world by storm, providing accessible opportunities for entrepreneurs to establish successful businesses. One particularly popular venture is dropshipping – a business model that requires no inventory, minimal up-front costs, and offers limitless scalability.
Dropshipping works by creating an online store where products are marketed and sold to customers. However, instead of stocking inventory, entrepreneurs collaborate with suppliers who handle the product storage, packaging, and shipment. With zero investment in inventory and reduced overhead costs, the profits earned through successful sales can be reinvested to further expand the business.
To acquire the essential skills, access to needed business tools, and technical know-how to establish a thriving dropshipping business, aspiring entrepreneurs can take advantage of the free training program at 1400now.com. This training program equips individuals with the knowledge required to navigate the intricate world of online marketing, product sourcing, customer management, and everything in between.
2. Freelancing: Transforming Skills into Revenue
For those with specialized talents or a passion for creative pursuits, freelancing offers an avenue to generate income without any initial financial investment. Whether you excel in graphic design, writing, digital marketing, or programming, freelancing platforms provide a vast marketplace where your skills are in high demand.
Leveraging your expertise in a chosen field, freelancing enables entrepreneurs to offer their talents to clients on a project-by-project basis. The beauty of freelancing lies in its flexibility, allowing individuals to work at their own pace and establish a client base organically.
To maximize their potential as freelancers, individuals can augment their skills by enrolling in the free training program available at 1400now.com. This program introduces the fundamentals of online marketing, self-branding, and client acquisition strategies, empowering freelancers to build a strong personal brand and secure a steady stream of projects.
3. Selling your services for Online Publication: Content as King
In the digital age, content has emerged as a powerful tool for both businesses and individuals. Every business needs to publish content online, whether in the form of a blog, a podcast, or a video channel. This takes time and skill however, and so it can offer you a cost-effective pathway to entrepreneurship.
By creating high-quality and engaging content tailored to a specific niche or industry, entrepreneurs can develop a loyal audience and monetize their publication through advertising, sponsored content, or membership subscriptions for their clientele. The initial investment is primarily centered around time, dedication. Plus, if you do it right, you can charge the client a setup fee which covers your initial work output as well. you just need a little guidance, and a few choice business tools, to get it started and make a true business out of this amazing opportunity.
To gain a competitive edge in the online publishing world, individuals can take advantage of the free training program provided at 1400now.com. This resource offers valuable insights into effective content creation, audience engagement strategies, and monetization techniques which can accelerate the growth of your online publication.
In Conclusion:
A lack of financial resources should never be a deterrent for aspiring entrepreneurs to get rocking and rolling with the start of a new venture. By harnessing the power of determination, honing specific skills, and utilizing the vast opportunities available online, starting a business with no money is completely within reach. The free training program at 1400now.com empowers individuals with the skills and knowledge required to succeed in the online marketing industry. Remember, with passion, focus, and the right training, anyone can transform their dreams into tangible entrepreneurial success stories. Yes, even you!
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In a world where “hustle” is the name of the game, the concept of having a side business has become increasingly popular. However, the idea of quitting your day job to solely focus on your entrepreneurial dreams might seem daunting. Fear not! Today, we’re here to debunk the myth. Opening a side business while keeping your day job is not just doable, but it holds a plethora of tangible and intangible benefits that can enrich every aspect of your life. Plus, let’s not forget about those exciting tax advantages as well!
1. Enhanced Financial Security:
One of the most significant concerns about starting a new business venture is the financial uncertainty it brings. By keeping your day job and launching a side business, you instantly establish a safety net. Your stable paycheck helps cover your monthly expenses, while your side business can generate an additional income stream – a win-win situation! This extra cash infusion can be allocated towards paying off debts, taking vacations, saving for the future, or even investing further in your business.
2. Diversifying Your Skill Set:
Running a side business allows you to explore new industries, develop new skills, and step out of your comfort zone. This diversification enhances your overall professional profile, making you an attractive candidate to current or potential employers. Additionally, the innovative skills you acquire in your side hustle can be transferred and applied in your primary job, making you an asset within your organization.
3. Expanding Your Network:
Networking is a powerful tool in both the corporate and entrepreneurial worlds. By pursuing a side business, you expose yourself to new connections and potential customers, clients, or partners. Attend industry-specific events, join online communities, or collaborate with like-minded professionals to broaden your network and create mutually beneficial relationships. Who knows? Your side business might even lead you to a valuable mentor or a lifelong friend!
4. Personal Growth and Fulfillment:
Launching and managing a side business taps into your creativity, passion, and entrepreneurial spirit. Pursuing your dreams can provide a sense of personal fulfillment and ignite an innate excitement within you. Imagine the satisfaction that comes from turning your hobbies, interests, or hidden talents into profitable ventures. This not only sets the stage for immense personal growth but also contributes to a fulfilling work-life balance.
5. Tax Advantages on Income:
Now, let’s talk about everyone’s favorite topic: taxes! Maintaining a side business allows you not only to tap into additional income but also to enjoy various tax advantages. Consult with a tax professional to identify eligible deductions, such as office space, equipment, software expenses, marketing costs, and even a portion of your home utilities. These deductions can significantly reduce your overall taxable income, resulting in more money in your pocket.
Conclusion:
Embracing a side business without quitting your day job offers a world of opportunities. From financial stability to personal growth, the benefits are undeniable. By pursuing your passions and interests while maintaining a stable income, you can gradually transition into full-scale entrepreneurship if that is your ultimate goal. So, grab that side gig by the horns, and let it add a touch of excitement, fulfilment, and prosperity to your life!
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Working from home and working in an office are two vastly different experiences. Both have their own unique pros and cons, but which one is better? In this blog post, we’ll explore 5 comparisons between working at home and working in an office.
Commute
The commute to work can be one of the most stressful parts of the day for some. Working from home eliminates this stressor, as your commute is as simple as walking to your workspace. In contrast, those who work in an office have to deal with traffic, public transportation, and the weather.
Dress Code
One of the biggest perks of working from home is the ability to wear whatever you want. No more suits or ties, you can work in your pajamas if you want to. This level of comfort is not available to those working in an office, as they must adhere to a certain dress code.
Distractions
Working from home can be a double-edged sword when it comes to distractions. On one hand, you have the freedom to work without interruptions from coworkers. On the other hand, distractions at home can include children, pets, and household chores. In an office, distractions can come in the form of meetings, conversations, and noise from other coworkers.
Schedule
Working from home allows for more flexibility in terms of working hours. You can take breaks when you want, and work at times that suit your lifestyle. In contrast, an office job generally requires working a set schedule, with little to no flexibility.
Social Interaction
Working in an office provides opportunities for social interaction with coworkers. This can be beneficial for networking, building relationships, and even improving morale. Working from home can be isolating, as there are fewer opportunities for social interaction.
In conclusion, both working from home and working in an office have their own unique benefits and drawbacks. It ultimately comes down to personal preference and lifestyle. Which one do you prefer? Let us know in the comments!
If you are interested in learning more about how you can build a business working for yourself, instead of the man, reach out to us here at TW3 Systems. Our group of experienced business professionals and entrepreneurs collaborate to bring each other success when building a business of your own. Join us and find the power of a cooperative team backing you up for success.
For more information about how you can take your Business to the next level, consider becoming a member of TW3 Systems, a group of entrepreneurs who have decided to band together for the financial freedom and benefit of all in the group.
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Hey, this is Chris Miller, and I’m excited to share some highlights today from the 1st episode of the Big 5 Podcast. If you are a Business Professional, Home Based Business Owner, or other Entrepreneurial-Minded person looking to start something of your own now or in the future, you need to have the Big 5 on your weekly listen list!.
Each week, the Big Five: myself, Terry Wilson, Bobby Christy, Gary Greene, and Laurie Brown, will be answering questions and discussing important topics, such as:
On our first episode we talk about why we are entrepreneurs and how this motivation has helped accomplish some of the most trying times.
Although we all have different backgrounds, experiences, and industry expertise, there is one common denominator with us all; we have a very strong reason to do what we do. In this first episode we talk about why you have to have a strong why to accomplish anything.
We also discuss some of our favorite tools and trends in business right now that we are seeing a ton of success in. With all the changes going on in both technology and in business, there’s a lot of ways to make your mark in the market right now.
Feel free to reach out to us today to get started on your journey to reaching your dream goals and aspirations. We love helping others who are called and committed to seeing their entrepreneurial dreams a reality.
Take a minute right now and go to this page & sign up for alerts every single time we release a new episode. Also, you can ask your questions there as well, and we’ll answer them live during the show.
So get on over there & sign up right now so that you don’t forget. The Big 5 Podcast Show is here.
Don’t forget to follow us on Social Media!
Stay up to date with news, announcements and cool stuff from our company.
For more information about how you can take your Business to the next level, consider becoming a member of TW3 Systems, a group of entrepreneurs who have decided to band together for the financial freedom and benefit of all in the group.
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Hey, TW3 Systems, Leader Tree, and Working At Home Facebook members, this is Chris Miller, and I’m excited today to announce the Big 5 Podcast as begun. If you are excited about the Big 5, which includes: myself, Terry Wilson, Bobby Christy, Gary Greene, and Laurie Brown, then you do not want to miss our first show coming out this week.
We’ll be discussing important topics such as:
Business and Market Trends
Leader Insights
Ideas for Future Business Growth
Discuss Important Tips to Get You Moving
Answer Questions from Members
Business Growth Mindset Discussions
and More!
I want you to go to this page & sign up right now to get alerted every single time we release a new episode. Also, you can ask your questions there as well, and we’ll answer them live during the show.
So get on over there & sign up right now so that you don’t forget. The Big 5 Podcast Show is here.
For more information about how you can take your Business to the next level, consider becoming a member of TW3 Systems, a group of entrepreneurs who have decided to band together for the financial freedom and benefit of all in the group.
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Subscribe now as we continue to examine all of the best business tools to boost your business success.
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Working from home can be a dream come true for many of us. No more rush hour traffic, no more stuffy office cubicles, and no more dress codes! However, it can be challenging to stay motivated and productive when you’re in the comfort of your own home. Fear not, because with these 5 fun tips, you’ll be having more fun working from home than you ever did in an office.
With these 5 fun tips, you’re sure to have more fun working from home than you ever did in an office. So, go ahead and enjoy the perks of working from home while staying productive and motivated.
Here are 5 fun tips for having more fun working from home than in an office:
Create a Comfortable Workspace: If you’re going to be spending most of your day working at home, you might as well make it comfortable. Invest in a comfortable chair, a good desk, and add some personal touches like pictures or plants. This will make your workspace feel inviting and inspire creativity.
Take Breaks: It’s easy to get caught up in work and forget to take breaks. However, taking breaks is crucial for staying productive and avoiding burnout. Set a timer for every hour or so and take a quick break to stretch, go for a walk, or grab a snack.
Dress Up (Or Down): One of the perks of working from home is that you can wear whatever you want. However, dressing up (or down) can have a big impact on your mood and productivity. Try dressing up in your favorite outfit or pajamas to boost your mood and productivity.
Listen to Music: Music can be a great way to improve your mood and productivity. Create a playlist of your favorite songs or try listening to some classical music to help you focus.
Connect with Coworkers: Just because you’re not in the same physical space as your coworkers doesn’t mean you can’t connect with them. Schedule virtual coffee breaks or happy hours to catch up and stay connected. You can even organize virtual team-building activities like online trivia or game nights.
In conclusion
Working for yourself can be a powerful and beneficial choice. It gives you the freedom, flexibility, and opportunity to create a life and career that truly reflects who you are and what you want to achieve. With these 5 fun tips, you’re sure to have more fun working from home than you ever did in an office. So, go ahead and enjoy the perks of working from home while staying productive and motivated.
If you are interested in learning more about how you can build a business working for yourself, instead of the man, reach out to us here at TW3 Systems. Our group of experienced business professionals and entrepreneurs collaborate to bring each other success when building a business of your own. Join us and find the power of a cooperative team backing you up for success.
For more information about how you can take your Business to the next level, consider becoming a member of TW3 Systems, a group of entrepreneurs who have decided to band together for the financial freedom and benefit of all in the group.
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Subscribe now as we continue to examine all of the best business tools to boost your business success.
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If you want to build your dream life, chances are good that you will need to build a business of your own in order to do it. Building a successful business in the United States is not a difficult thing to accomplish, if you know the formula. Once you know that, all you are required to do is plan according to the formula, work hard, and persevere. While I can’t do much to help you with the work itself, I do have the formula to share.
I came up with this winning formula about 5 years ago, after having researched the richest men in US History and their business models. Each of them had the same 5 distinct elements within their business models, more matter the industry, product line, or service. Since implementing these 5 key principals into my plan, my businesses, and my personal wealth, have continued to grow exponentially for me, and incorporating these keys into your business will do the same for you as well.
There are the five key principles to keep in mind as you work towards achieving your entrepreneurial dreams. In this 5 part series, I’ll detail out one of these principals for you each week for the next 5 weeks. Be sure to subscribe to my blog so that you don’t miss anything as it is released.
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Thinking bigger is a crucial aspect of succeeding in business. It involves having a vision beyond the current state of affairs and taking bold actions to achieve it. The business models of Henry Ford, Andrew Carnegie, John D. Rockefeller, and Donald Trump provide excellent examples of the power of thinking bigger.
Here are 4 examples of Big Thinkers you should get to know as you seek to grow your business and become a BIG Thinker yourself.
BIG Thinker #1: Henry Ford
Henry Ford revolutionized the automobile industry by introducing the affordable assembly line, which allowed for mass production of cars at a lower cost. While he was not the first to come up with the assembly line, he was first to do it right. He thought bigger than his contemporaries and aimed to make cars affordable to the masses, which ultimately transformed transportation as we know it today and make the ford automobile a staple in the American automotive landscape for generations to come.
His contributions to the automobile industry are undeniable. With his bigger thinking, Ford was able to see the bigger picture and realize that making cars accessible to a wider range of people would lead to a significant shifts in transportation. Thus, Ford cars became more affordable and available to the masses, easily overtaking the competition. Ford’s innovative approach to manufacturing not only revolutionized the automobile industry, but it also set the standard for mass production in other industries such as with airplanes and even aerial mail delivery services. His legacy continues to shape the way we think about manufacturing and transportation still to this day.
BIG Thinker #2: Andrew Carnegie
Andrew Carnegie is known for significantly transforming the steel industry which led the Advancement of the Industrial Age in America. Not satisfied with the compartmental method of doing things that his predecessor and competitors were all comfortable doing with their business model, Carnegie thought bigger. He implemented a strategy of vertical integration which allowed him to consolidate control over the production process, from mining raw materials to transporting finished products. This approach gave Carnegie’s company a competitive advantage by streamlining operations and reducing costs to the point that no one could compete with the speed by which he was able to churn out finished products at an unbeatable rate. But big thinkers think big in more ways than one, and Carnegie had a global vision for his business. Having conquered the mountain in America, Carnegie set his sights on expanding his operations beyond the United States and into Europe and Asia, becoming one of the first global organizations in the World.
Carnegie’s philanthropic efforts were also noteworthy. He believed that the wealthy had a responsibility to use their resources to benefit society, and spent BIG on that as well. He donated a substantial portion of his fortune to causes such as libraries, education, and peace initiatives. He even had the former President of the United States, Theodore Roosevelt, on his payroll. His legacy lives on to this day through the many institutions and organizations and monumental structures throughout the world that still bear his name. His approach to business and philanthropy continues to inspire people around the world today as well.
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When you think of overall BIG Thinkers, the Undisputed Heavyweight Champion would have to be John D. Rockefeller. He was a shrewd businessman who aimed, not just to compete and get ahead of his industry, to to take the whole think and hold complete dominance in the oil industry forever.
To achieve this goal, he established the Standard Oil Company, which eventually became the largest oil refinery company in the world. Rockefeller’s strategy was to acquire smaller competitors, which he did through aggressive buyouts and mergers, usually through the use of other people’s money such as George Westinghouse because believe it or not, Rockefeller was dirt poor! Big thinkers don’t allow little things like lack of resources stand in their way though, so he brokered deals and get the backing from those who could help him achieve his goals while he helped them achieve their own.
He established a network of pipelines and refineries to ensure that his company had complete control over the production and distribution of oil. This allowed him to not only dominate the market but also to set the prices of oil. With this move, Rockefeller could start making demands from former partners such as Westinghouse as an example. He insisted that all train lines use Standard Oil on their railways and any that didn’t would find themselves out of business. Standard oil became the biggest, and most profitable industry in the Country, making Rockefeller incredibly wealthy. Despite criticism and antitrust lawsuits, Rockefeller continued to expand his business and cement his place in history as one of the most successful industrialists of his time.
BIG Thinker #4: Donald J. Trump
Turning now to a more recent BIG Thinker, Donald Trump didn’t start off poor as Rockefeller did, but his ambition was always to do more and be go big. Trump’s dad had been in the Real Estate Development business for many years, building housing and Apartment Tenements throughout New York. Donald however, had other things in mind. He didn’t want to be in his father’s Shadow. He didn’t want to settle for Million Dollar properties. He wanted more. He wanted to Build an Empire. So he set his sights on Big projects on 5th Avenue, and he got the City of New York to put in the majority of the money to pay for it. By 1988, at only 42 years old, Donald Trump had wealth in excess of more than $3Billion to his name.
Success as a real estate developer alone wasn’t going to cut it for Trump however. This guy thinks BIG! He eventually decided to explore other industries such as entertainment, hospitality, and education. Through his brand, Trump was able to create a global enterprise that made him a household name and a prominent figurehead in the business world. He even had his own Board Game (and Trump Action Figures)!
Trump’s ability to diversify his business and brand demonstrates his entrepreneurial mindset and his willingness to think BIGGER than the other guy, take risks in pursuit of success, and pursue his goals relentlessly. This approach ultimately helped him become one of the most recognizable business leaders of his time, and secure his name forever in History as a President of the United States of America.
In Conclusion
Thinking bigger is a critical aspect of succeeding in business. It involves having a vision beyond the current state of affairs and taking bold actions to achieve it. By examining the business models of Henry Ford, Andrew Carnegie, John D. Rockefeller, and Donald Trump, we can see the power of thinking bigger and the impact it can have on the world we live in. By putting the 5 principals discussed in this blog series, you too can achieve everything you want in this world. There is no stopping you when you think Bigger than the other guy.
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If you want to build your dream life, chances are good that you will need to build a business of your own in order to do it. Building a successful business in the United States is not a difficult thing to accomplish, if you know the formula. Once you know that, all you are required to do is plan according to the formula, work hard, and persevere. While I can’t do much to help you with the work itself, I do have the formula to share.
I came up with this winning formula about 5 years ago, after having researched the richest men in US History and their business models. Each of them had the same 5 distinct elements within their business models, more matter the industry, product line, or service. Since implementing these 5 key principals into my plan, my businesses, and my personal wealth, have continued to grow exponentially for me, and incorporating these keys into your business will do the same for you as well.
There are the five key principles to keep in mind as you work towards achieving your entrepreneurial dreams. In this 5 part series, I’ll detail out one of these principals for you each week for the next 5 weeks. Be sure to subscribe to my blog so that you don’t miss anything as it is released.
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This one is closely related to Step 3, but they are different in fact. As we discussed in part 3, relying solely on one source of income puts you at risk of losing everything if that source dries up. Automatic income streams provide a stable, predictable income that can help you weather any economic storms. Now it’s time to go one step further with step 4 and build that automatic income with a residual component.
Here are 2 ways you can start adding more residual elements into your automatic income strategy today.
Residual Income Option #1
One way to add a residual income component to your business model is by finding a way to charge a monthly fee for something you do on a regular basis. For example, I hold a weekly training meeting every Thursday night which some who would like to attend are not always able to. In order to solve the issue of them missing the session, I created a group where they could catch the replay and I upload all replays to that group so that they can see all of them through the history of the meetings from the beginning. I charge about $10/mo to be a member of that group and get access to these recordings, but I also provide a forum for the members to ask questions, promote their ideas, and even their own services as part of that fee. With each new member I add, my residual monthly revenue rises without me doing anything more than I would be doing normally. A good friend of mine does something similar by charging a continual access fee of $150/mo to use his business tools and access his knowledge base. You can do that as well in your business. You just need to stop and think about the best way to make use of it.
Residual Income Option #2
Another option is to create an online product or course that can be sold, and then include an automatic membership element to stay active or as an added benefit to the customer. For example, we just discussed my friend who sells his tools, and then monthly access at $150 to continue to use it. Additionally, I also have products that I charge as high as $1000/month to access and use. When it comes to course offers, find something that you can supply to support those who have invested in your course and setup a monthly service to provide it to them and help them out. For example, We sell off extra leads which are no longer of value to our company to other clients of ours who have purchased one of our business building courses and could make better use of them. We do this as a monthly recurring service of $500/mo, and you could do something similar as well. If you want more information on how to build a course of your own and start doing this for yourself and your business, we even have a course specifically designed to teach you how to build a course of your own and start selling it to the masses. Check out our Course Offers now.
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