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The Magic Penny

By Alex Mandossian

My good friend, Darren Hardy is publisher of Success Magazine and best-selling author of the Compound Effect. This commentary post is the first of many I want you to comment and share with your colleagues and friends.

Darren writes: “If you were given a choice between taking $3 million in cash this very instant and a single penny that doubles in value every day for 31 days, which would you choose?

If you’ve heard this before, you know the penny gambit is the choice you should make—you know it’s the course that will lead to greater wealth. Yet why is it so hard to believe choosing the penny will result in more money in the end? Because it takes so much longer to see the payoff.

Let’s take a closer look.

Let’s say you take the cold hard cash and your friend goes the penny route. On Day Five, your friend has sixteen cents. You, however, have $3 million. On Day Ten, it’s $5.12 versus your big bucks. How do you think your friend is feeling about her decision? You’re spending your millions, enjoying the heck out of it, and loving your choice.

After 20 full days, with only 11 days left, Penny Lane has only $5,243. How is she feeling about herself at this point? For all her sacrifice and positive behavior, she has barely more than $5,000.

You, however, have $3 million. Then the invisible magic of The Compound Effect starts to [Read more…]

Conversations From My Facebook Page

By Alex Mandossian

Have you taken some time to visit my Facebook page recently? I’d like to invite you to go there now. There are a lot of great conversations happening that could use your input:

Productivity StrategiesWhat is one of your productivity goals for the week? Share it below. 3 days ago · 5 likes · 12 comments

Productivity StrategiesWhat do you do to make sure you have a productive week from day one? 16 days ago · 8 likes · 10 comments

Productivity StrategiesWhat do you do to inspire people? 20 days ago · 9 likes · 13 comments

[Read more…]

Discover the Power of Becoming Results-Oriented

By sbc

Most entrepreneurs are exhausted because they feel like they are busy all the time. They are keeping so many plates spinning at once and believe they must be doing well if they are so busy. And yet they are stunned to realize they are busy and tired and broke.

If you want boost your impact on others, as well as influence the outcomes of your personal and professional life, then start thinking in terms of achieving “results” instead engaging in mundane “activities.” Most entrepreneurial CEOs sacrifice their credibility when they confuse their activities with their accomplishments or “results.”

Any entrepreneurial CEO can instantly boost their credibility and track record whenever they engage in “results-centered” dialogues with their Teams or Vendors. Humor author Dave Barry once said “If we could identify one work in the English language that is responsible for our overall lack of progress that word would be “meetings.”

These kind of meetings are one of the main reasons we can feel busy, tired, exhausted and stressed out, and still be experiencing poor results.
[Read more…]

Discover the Power of FAQ Templates to Capture More Online Sales

By Alex Mandossian

If you want to capture more online sales faster, better and with the least amount of human effort then I encourage you to develop FAQ templates.

What are FAQ templates? Well FAQ stands for Frequently Asked Questions. So FAQ Templates are templates that allow you to include frequently asked questions on your web sites, blogs, and other marketing communications.

Adding FAQ sections to your websites and other marketing communications are often your very best automated sales tools that consistently and repeatedly capture more sales by minimizing resistance.

Whatever your area of expertise, there are frequently asked questions by your prospects and even your members and customers. You discover these FAQs in at least 2 ways:

1. Pay attention to what your prospects and community is typically asking you, and

2. Ask them. Ask them what their questions are, what their biggest challenges are, what they struggle with the most.

Then provide both the questions and answers on your web sites and marketing messages and you have now answered new prospects questions before they have even asked them. This ups your perceived expert status and reduces sales resistance from the beginning.
[Read more…]

Are You an Inventor Or Improver in Your Business?

By Alex Mandossian

“Never invent, always improve.”

This four-word sentence is indelibly etched in my mind right now. I also have that quote framed and hanging on the wall of my home office.

The marketing philosophy of choosing improvement over invention has generated millions of dollars for my info publishing business and my students’ businesses.

Although the idea of becoming an “Improver” is not as sexy as being known as an “Inventor,” it is improvement, not invention, that has generated billions for some of the most renowned Thought Leaders in history. Ironically, many of these folks have been inaccurately dubbed as “Inventors.”

Here’s one example: Nikola Tesla invented the modern alternating current electric power (AC) systems. Thomas Edison improved it. Telsa died broke. Edison died a millionaire.

Here’s another: Charles Haanel is the true “father of personal development” in my opinion. He invented The Master Key System, yet he died in obscurity acknowledged by only a few loyal followers. [Read more…]

Why Aren’t You On LinkedIn Yet?

By Alex Mandossian

“How can you squander even one more day not taking advantage of the greatest shifts of our generation? How dare you settle for less when the world has made it so easy for you to be remarkable?” – Seth Godin

Are you on LinkedIn? If not, why not? The site has over 100 million members, with a new member joining every second. [Read more…]

The Seven Secrets of Action Management

By Alex Mandossian

Secret Number 1: Create Your Master To-Do List – Don’t write your list the day you want to do those things, write it the day before – sometimes a few days before. You want to write your master to-do list for the future. Why? Because it’s easier to come to a desk that’s clean and has a master to-do list that’s already been written sitting on it – that way, you can start your first prime-time hour by attacking that list and crossing things out. Isn’t that a lot easier than trying to invent things to do?

Secret Number 2: Block out your daily prime-time hours – A prime-time hour is anything you control 100% percent of and is going to generate revenue for you now or sometime in the future. Now, you can have just one prime-time hour a day or two a day, even four a day. Most people don’t have any.

Secret Number 3: During prime time, put pressure on yourself by using a timer – Put the timer where you can see it, right next to your computer screen. When that thing is counting down, is that putting pressure on you or what? When the beeper goes off, stop everything you’re doing. It’s incredibly important because you’ve got to give yourself a break.

Secret Number 4: Capture your big ideas digitally – Record three, four or maybe five thoughts that come into your head during the non-prime-time hours. And once they’re recorded, you don’t have to think about them anymore. You can purge them from your mind, freeing your brain to come up with more.

Secret Number 5: Offer one free consultation per week or per day – This is a free consult with a twist. The clients know that at the end of that consultation, if they want to continue to work with you, they are going to pay up at the end of the session.

Secret Number 6: Find a mutual coaching buddy – It’s great when you can give something to somebody, and they can give something back. Find a mutual coaching buddy.

Secret Number 7: Set your revenue quota every ninety days – First, figure out what you can make in a year, then divide that into weekly goals. Make sure it’s realistic. I like weekly goals because they’re easy to measure. Write down every week if you made it or not. Then, every 90 days, review how you did and adjust it – either up or down.

Want to learn more? Click here.

How do you stay focused each day? Leave your Facebook comment below in the Facebook comment box.

Jim Rohn Lessons on Life [VIDEO]

By Alex Mandossian

I hope you take a few minutes to watch this video that I recently came across on the official SUCCESS magazine YouTube channel. It’s only about three minutes long, and is worth watching. Take a look:

Do you have a quote or saying that you try to live your life by? Post it in the comments section below.

Internet Marketing Action Secrets – How to Digitally Capture Your Ideas

By Alex Mandossian

Here’s what I do from 6:30 to 7:30, I’m in prime time – not for the whole hour, but for 47 minutes. When that beeper goes off, I go downstairs and either do some sit-ups, pushups or grab a glass of water or a cup of coffee.

During that time, I have a digital recorder with me. It’s one I got from Radio Shack, for about sixty bucks. You deserve to give this to yourself, so spend sixty bucks. Don’t buy one that has two hours on it, or even sixty minutes. Buy one that only gives you fifteen minutes or at the most thirty minutes. I’ll explain why in a moment.

Record three, four or maybe five thoughts that come into your head during the non-prime-time hours. This is not only during your break, but during any non-prime-time hours. I keep that recorder next to me because then I can record my big ideas the moment they pop into my head. And once they’re recorded, you don’t have to think about them anymore. You can purge them from your mind, freeing your brain to come up with more.

Once you’ve digitally recorded five or six ideas, then I want you to write them down in an idea file – whether that is a notebook or a Word document. This is why I don’t want you to have two hours worth of recording time – if you have two hours worth of ideas on your recorder, you’re never going to transcribe them.

When you type them or write them, it’s different activity – a different modality of learning. So, now you have the tactile, the kinesthetic and the auditory. Heck, if there were scratch and sniff, I would do that to. Now, the idea really sticks.

How 3 Simple Questions Can Turn Any Disappointment Into Dollars

By Alex Mandossian

Everyone of us has been in the feeling of defeat due to something not turning out the way we’d planned, whether it’s personal or professional. Wikipedia has an interesting way of defining “disappointment.” If you take a moment to look the word up, here’s what you’ll find: “The feeling of dissatisfaction that follows a failure of expectations to manifest. It differs from regret in that the individual feeling regret focuses primarily on personal choices contributing to a poor outcome, while the individual feeling disappointment focuses on the outcome.”

Read this real life Case Study of the string of disappointments this famous American endured during the first 50 years of his life…

At the age of 7, his family was forced out of their home, so he worked to help support his parents.
At the age of 9 his mother died.
At the age of 21 he failed in business.
At the age of 22 he ran for the legislature, lost his job, and was turned down for law school.
At the age of 23 he started another business on borrowed money, by age 24 was bankrupt.
At the age of 25 he was engaged to be married and his fiancé died.
At the age of 26 he had a nervous breakdown and was in bed for six months.
At the age of 28 he was defeated as speaker of the state legislature.
At the age of 33 he ran for congress and lost.
At the age of 38 he ran for congress again and lost.
At the age of 44 he ran for the US Senate and lost.
At the age of 46 he tried for his parties Vice President nomination. He received less than 100 votes and lost.
At the age of 48 he ran for the US Senate again, and lost.
At the age of 50, he was elected as the 16th President of the United States!

Of course I’m talking about Abraham Lincoln. And because of his vigilance and resolve to overcome the major disappointments in his personal and professional life, he helped reshape and even dramatically change the deeply rooted prejudices that once plagued the people of his country. Lets face it, when it comes to disappointment we can either allow it to be a weight or we can give it wings.

If your choice is to fly…

Then Take Action Now: Consciously think back to ONE big disappointment you recently experienced in your entrepreneurial life and then ask yourself these 3 questions:

What really happened?
What should have happened?
What breakthrough can make it right?

By consistently and repeatedly asking these 3 questions, I’ve planted the seeds to the biggest marketing breakthroughs in which I’ve collaborated. Looking back on my own marketing accomplishments, one of the things I’m certain of is that my disappointments inspire me to storm the gates that others gladly sneak past. When you learn how to handle disappointments – miscommunications, violated expectations or thwarted intentions – as welcomed guests into your business life, you’ll have the mindset of cheerful expectancy of having a breakthrough not long after.

How do you overcome failures or disappointment? Leave your answer in the comments section below.

The Magic Penny

Discover the Power of Becoming Results-Oriented

Discover the Power of FAQ Templates to Capture More Online Sales

Are You an Inventor Or Improver in Your Business?

The Seven Secrets of Action Management

Jim Rohn Lessons on Life [VIDEO]

Internet Marketing Action Secrets – How to Digitally Capture Your Ideas

How 3 Simple Questions Can Turn Any Disappointment Into Dollars

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