Professional Documents
Culture Documents
1
Ryan Magin: Jason Capital. When did you crack the six figure mark?
How did it happen and what did you learn in that
process?
Jason Capital: What did I learn in that process? I was 20 years old. I
was at Michigan State. I was at my fourth college in
four years, and I had bounced around from school to
school to school because I knew, honestly I just didn't
like college. Did you go to college?
Ryan Magin: I did go to college. I hated it. I have a two year degree
that I don't use. Ever.
Jason Capital: Okay. I actually have a friend that went to college and
he hated it so much that he never actually went to pick
up his degree. So he never got it because he just does
not care.
Ryan Magin: Why Israel, by the way? I always wanted to know that.
Jason Capital: Well because, my grandparents have Israeli citizenship.
So the way ... just as a side note, if you ever want to
play pro basketball in Israel, in case anyone has that
urge, they have a rule there, of the twelve guys on the
team, that at least three have to be actual Israeli
citizens. Because otherwise all they do is pull the best
players from America or other places, and no one from
the actual country plays in the team. So they instated
this rule that three people from Israel have to actually
be there. Does that make sense? So I was like, "I can fill
that quota. I can be quota guy. I might not be good
enough, but I'll fill the quota and they'll sign me."
Ryan Magin: That's great. I always wondered that. Because I
remembered you telling me that a long time ago. Like,
why Israel? It's like you want to play Canadian football.
Jason Capital: Well, you never know. So anyways, I go back to
Michigan State, I have forgotten about what Elliot's
told me, and I'm on the phone one day with Ryan. You
have to understand I would really never go to class.
When I went to class I would be that kid who, while
the teacher's up there talking, I would bring a
newspaper, not to read it, just to hold it up in front of
my face. Literally, I would hold it up once it got boring,
which was immediately. And the best part was these
teachers didn't say anything.
Ryan Magin: No, they don't care. They don't care.
Jason Capital: That's what blew my mind, they didn't say anything.
So, anyways, I would just be texting, I would be reading
the newspaper, I would be online, just like reading
forums and articles, learning about whatever. And I
would talk to Ryan almost every day. I would be just
walking from class to class, talking to girls, talking to
Ryan on the phone, because we were both super lost
at that time. He was delivering sandwiches as a
delivery guy. We’re like, we can't do this for our lives,
we need something better. And he was like, "Hey, you
should write an ebook." And he was the second person
who told me, and I said "What would I write?" And he
was like, "I don't know, you’re like amazing at dribbling
a basketball, just write about that.Then sell it.”
So I wrote this book teaching basketball players how to
dribble better, so they can make the team, and maybe
get a college scholarship. And it worked out really well.
Later on, when I first released, it, I'll never forget. It
was the night before Halloween, I was twenty years old
and I had written a little bit of sales copy, I didn't know
what I was doing. It was a Word Press website, the
website looked like shit, the buy buttons were from
PayPal, just $14.95 for the ebook. And I put it up
thinking, "I'm going to put up this book, I'm going to go
party, I'm going to have a great time, I'm going to wake
up tomorrow, the day after Halloween, I'm going to
have a ton of money, I'm going to be the living the six
figure freedom lifestyle, everything's going to be
great."
What did I learn from that process? The first thing was
that going about it on my own really didn't lead
anywhere. Right? Like, you can learn a little about
what to do from reading about it, watching certain
videos on it, but it's not until you have an experienced
eye in-person say something to you, talk to you, give
you that environmental exposure, give you that
feedback. It just took ten, twenty minutes, it wasn't
like I spent weeks with these guys there. But it being
in-person instead of over the Internet made such a
huge impact. Because it's not just the skills that you're
getting, for a temporary moment when you're first
starting, you have no confidence that you can do it.
Who else can else relate to this? You’re not sure you
can do it at the start, right? And for that temporary
starting point, it's really, really, valuable, if you can
have someone who has that confidence, and they can
zap it in you. Just enough for you to get started. Just to
carry you through the first 50 yards, right? And then
once you've gotten past that hump, you get a little
confidence, you make some sales, you get some early
wins, you have momentum going for you. Now you can
start building on it, now you can start doing it yourself,
you can take the training wheels off. You don't need
them anymore. But that's crucial, that's so important.
So that was one that was huge.
Ryan Magin: You loved that car. You loved that car.
Jason Capital: I loved it. Unfortunately I went broke later and had to
sell it but at the time ... it was super validating. Like, as
immature, or crass, or puerile as that may sound, that,
it just felt really good to be like, “I was Right, everyone
else wrong." That part felt really good.
Ryan Magin: So, moving forward from there, because now you're
experienced in money, you're experienced in success,
what does paradise on earth mean to you? What is
that really for us?
Jason Capital: Well that's really what it became for me, it became
what I would call a paradise on earth for a few years.
Because now you have a business that makes you
really good money, but you work your own hours, you
have no one telling you what to do, you live where you
want, you go where you want, you talk to who you
want, you do what you want. You're totally free.
Paradise on earth to me doesn't mean you have to be
on a fucking island sipping mojitos listening to Kygo.
Right? Good, but that's not for everybody. That's not
for me. I like being active, I like being around people, I
like growing, I like learning, I like diving into life’s
waters.
So, to me it's just total freedom. The freedom to do
what you want, when you want, with who you want.
That’s paradise on earth mean to me, that is it. It's
that.
I remember when I was a kid my dad would always
wake me up for school at like 6 a.m. 6:20 a.m. or
something like that, and every day, like, listen, he has
to get to work, he has to pay for everything, he's never
home, he's always working. Not only that, he has to do
all that shit for himself, he's got to wake up all his kids
for school at the same time.
He's doing a lot of shit. And I was younger, I didn't
realize that. So every morning he'd wake me up and I'd
get mad at my dad for waking me up for school. I'd like
give him shit about it, right? Now, I'm like, "Dad, I'm
sorry." I didn't know. But I remember telling him, like
every morning, "One day when I get older, I'm never
going to use an alarm in the morning. I will only wake
up when I want to wake up. I will never wake up to an
alarm again." And that's what happened. Once you
start making this money it's like, yeah I can do
whatever I want. I'll stay up when I want, I'll do what I
want. It's just total freedom.
It's funny, Osho always talks about how kids are often
much smarter than adults. Because parents'll be like,
"It's 9 p.m. you have to go to bed." And the kid's like,
"Well, I'm not tired." And they're like, "Well it's 9 p.m.
you have to go to bed." Who's the dumb one in this
situation? The kid is not tired, why would you make
the kid go to bed? Kids know. Kids will go to sleep
when they're tired. They know to eat when they're
hungry. They should not eat when they're not hungry.
A mom is like, "It's dinnertime," the kids like, "Well I'm
not hungry," she's like, "Well, it's dinnertime, you have
to.” Who’s being unintelligent here?
I really like the idea of just doing things your own way.
What you want, when you want, with who you want.
I remember when I was thirteen years old and this is
the age, if anyone here grew up when you had any
Jewish kids in your school, this is when the Bar
Mitzvahs were happening, or you got invited to them.
It was funny because there'd be two kinds of Bar
Mitzvahs you'd go to, the normal ones where it's just
very normal, and then the rich families would put on
these crazy Bar Mitzvahs. There was one Bar Mitzvah
where they brought in the group 112. To perform at
the kid's Bar Mitzvah. This was like when Peaches and
Cream was a big hit. Way back in the day.
Ryan Magin: I was going to say, that was like a huge band.
Jason Capital: It was like a 100K just to have them sing three songs at
this kid’s party. So, we're at it and there's a slew of
amazing appetizers. And I'm looking at it and I see that
its filet mignon for an appetizer. For like thirteen year
old kids. I'm like, "This is great.” So, I get my plate, I'm
all excited, I get my fork, I'm salivating, I pick up like
three giant slabs of the filet and I slap it down on my
plate and I walk away, and I go to the corner, because I
don't want to be interrupted with my filet mignon.
So I go to take a bite. And you know when you go to
bite into a filet, if it's good, it's juicy, but it's thick, you
got to really chew it at first. It should melt a little bit,
but there should also be some substance to it. And I go
to bite this piece, and my teeth slice right through it.
Like it was a banana or something. Just no resistance,
no substance at all.
Because I realized it was a portobello mushroom. It
wasn't filet at all.
I remember I went to a friend, and I said, "This is the
worst filet ever." He said, "Dude that's a mushroom."
And so what's the point of this? Well, when we were
younger, we were taught that we’ll go to school, get a
good degree, get a good job, have get a great spouse,
have great kids, white picket fence, live this great
happy life. You'll be happy, you'll be taken care of, your
life will be good. And that's like the filet mignon. We're
taught that's like the filet of life. That's like the best
thing you can do. But a lot of times, what we're told is
filet is actually just a portobello mushroom.
And in truth that lifestyle of, get a good degree, get a
good job, get married early, get a mortgage, that
whole thing... it's a portobello mushroom.
99% of the people I know who do that are completely
unhappy with it. They're unsatisfied, they're unhappy,
they feel stuck, they feel trapped, they feel boxed in,
they feel like there's no way out. And it really ... I want
people who read this, I want it to wake something up
inside of them, if they are in that position, to realize
that it's never too late, that you can get started, and
you don't have to wait for anyone to give you
permission. You can actually tell yourself, "Hey I'm
going to get started and I'm going to do this. Starting
right now, I'm going to get my own paradise on earth
to me."
Whatever that means to you is going to be different.
Like, for some people it is going to be mojitos on the
beach, Kygo, girls in bikinis bouncing around, soaking
up the sun.
For other people, you know I remember I was at this
Mastermind, last month in Phoenix, and I was talking
to this girl. She has a $200,000 a month business. On
Instagram and personal training. They do a lot of Cross
Fit stuff. And I was telling her, you can do this, this, and
this, and you could get to a million, and she was like,
her mind is being blown, and she's taking all these
notes. And I was like, and then at that point you can
start living the life, private jets, five star hotels, maybe
the south of France for the summer. And she's like, no,
no, no, no. She goes, if I make this money, I’m buying a
cabin and backpacking in Utah.
And it reset my brain for a second. Because in my mind
I'm like, private jets, south of France, and she's like, no,
backpacking in Utah. That's what she wants. That's
awesome. The whole point is that the Six Figure
Freedom lifestyle, whatever you want to call it, isn't
about Kygo and beach balls and yachts on the south of
France in the summer. It's a vehicle to freedom. The
freedom to do what you want, when you want, with
who you want, however you want. And the best part
is, with it, you make an impact on other people. So it's
not just a selfish thing, it's completely ... its a
contributive thing. It's a giving thing also.
Women Freedom
Ryan: We're going to be going deep into the two ways to a Six-Figure Freedom Business, soon.
But let's get clear on what it really is, first. What does it mean to have a Six-Figure
Freedom Business?
Jason: So if you have a Six-Figure Freedom Business, here's the first thing. For a long time, I was
creating these trainings and systems, and courses to teach people how to make seven
figures. That's what I was pushing, and it didn't connect the way that I thought it would,
and I had to ask myself, why was this happening? The truth is most people just simply
aren't at the point, where they're ready to wrap their mind around making seven
figures, yet. First, they need to go, holy crap, I can make six. I didn't realize this, right?
You have to go six, before seven. It hit me when I realized it, which was my own fault
because I went from zero to seven really, really, quickly. That's not gonna happen for
everybody. I get that.
Six-Figure Freedom. So let's say that you're making $200,000 a year, and that rate, you
have total freedom. So you're making $200,000 a year. You have the freedom to what
you want, when you want, with who you want, and you wake up when you want.
You’ve got it all going for you.
Are you going to be driving a Ferrari? No, probably not. Are you going to be living in the
dopest penthouse in the city or a mansion? No, probably not. Are you going to be flying
in private jets? Probably, not. Are you going to rent yachts? No, probably not. You are
going to live in a nice place. You're going to drive a cool car. You're going to eat out
when you want.
You can probably fly first class a few times a year. Maybe if you do well with credit card
points, you can figure out a way to ... Like a first-class flight from LAX to let's say Rome,
that's like a $10,000 flight one-way for first class. Business might be like $7,000, and
then coach, I think you can get for $1,000 or something like that. If you fly to Rome, you
go to Europe, you're taking trips around the world, or whatever. You're probably not
flying first class. You're probably just flying coach, right? Now, to most people, is that a
huge deal? No. For most people, that's good enough.
That was one thing I had to accept about others because I know from just my own
standards personally, that's not good enough. But I know for most people, that is good
enough. And they might even say, no, no, Jason, I'm like you. That's not good enough for
me. I want to fly first class. I want a Ferrari. I want a penthouse. I want to do all that
stuff. Get to $200,000 a year, and then see if you still want to keep working harder.
I remember Dan Pena would talk about how he'd have people at the seminars and
they'd be at his castle. And he'd go around and he'd ask them, how much money do you
want to make? A billion, 5 billion, 100 million, 60 million, 30 billion, like he'd get crazy
numbers, and he'd let them all say what they wanted. And then when they're done, he'd
look at you and he'd go, fucking bullshit. They'd go, what do you mean? He goes, you're
all liars, telling me what I want to hear. Pena said he hears it every year at his seminar.
And then a few years later, a few make 3 million, 6 million, 10 million, and then he never
hears from them again. They stop because they made some money. They don't want to
keep going to billions. Most people simply just ... They don't want to, and that's totally
fine. This whole thing is about designing the life that you want, not the life that
someone wants for you and you feel like you have to live up to someone else's standard.
That's not what this is about.
So a Six-Figure Freedom Lifestyle, I'm not trying to de-sell anyone on it, but it's just
realizing what it truly is. Now, with those understandings, it also has some badass
benefits for you. Like the average corporate guy, the average person that's working a
normal job, dude, $200,000 a year working corporate is awful compared to $200,000 a
year with freedom.
In one of 'em, you are the corporate guy. You're stuck waking up with an alarm. You're
stuck driving in traffic at 8:00 AM, every morning, in rush hour traffic, which is shown to
shorten your life by years because if you get in traffic, your cortisol just increases
immediately. So you have that. You're going to be stuck working at an office. You'll like
some of the people you work with and you probably won't like the others, but you're
still going to have to see them every day. In what universe is it okay to have to be
around people you don't like, and be forced to spend time with them every day? How
painful does that sound? It sounds awful. Can you imagine? Just think of someone that
you really don't like, who probably you haven't seen in months, and now you have to
see them every day, and hear them too. It's terrible, right? So you have to deal with all
of that.
And then, there's the whole side of taking orders.Do you love your company’s mission?
Do you love what it’s about? Do you feel like you're really helping people? If you do, you
might not mind taking orders but otherwise, each order is like a sledgehammer to your
self-worth. So there’s all that other stuff, which you probably won't, but you're stuck
with all that.
When you have the $200,000 a year setup but you have freedom, you don't have any of
that. People you don't like, cut ‘em out, never see 'em again. You want to take a trip,
randomly. You’re just like it's Tuesday, I'm bored. Screw it. I want to go to the beach and
just spend four days hanging at an Airbnb, and just kick back, and drink wine, and watch
the waves, you can do that. You cannot do that, otherwise.
I want to make it clear, I guess, the difference between the two. This isn't Seven-Figure
Freedom. This is Six-Figure Freedom, right? Which is, again, it's still good. And truly
great for most people. You can have season tickets to the Lakers, they just won't be
floor seats. You can take trips to Europe, whenever you want. You just won't fly first
class, but honestly, you'll be doing better than 99% of the population, and life will still
be pretty good.
Ryan: I think you said it a while back. I don't know if it was a video or another one of your
courses, but it was about getting really clear on what you want, and then splurge on the
things that you want to splurge on. Like that's where this kind of comes in. Some people
might want to fly and not care about flying coach, but they want the suite with Knicks or
the Jets, whatever it may be, a football team. That's what they splurge on, and that's
like their thing. But then, you just kind of chill on everything else, and that's like going
back to what we talked about in session one. It's like you've got to get super clear on
what is that freedom lifestyle for you.
Jason: Yeah. And actually, we're gonna map that out with an exercise, coming up, and that's
the thing. If you have $15,000 a month and your income is 180K a year, with that 15K,
you can get really creative. You can get really creative in how you want to set up your
life.
I'm a huge believer in that if you have everything else in your life systematized, and it
doesn't change - meaning here's your rent, here's your car, here's your food, you know
what that stuff is and costs, and if you can get it to a number, a lifestyle that you're cool
with and a number that stays the same, you’re now able to know that ,”I have $5,000 a
month that can be a part of my freedom fund, and I can just do whatever I want with it.
I can splurge on tickets, or trips, or jackets, or shoes, or sunglasses.” You can do that.
Listen, buying $1,000 pairs of sunglasses and flip flops, it gets boring after a while. It's
not going to excite you after the first couple times. If you want to make a ton of money,
so you can just buy a bunch of stuff, that's not going to make you happy anyway. The
brain research show that. You will extract the similar amount of dopamine and
serotonin from one splurge purchase a month as opposed to six in the same month
because you get desensitized to it very, very quickly. So doing it the most strategic way
is almost always best.
Ryan: And it's kind of cool that when you meet and talk to people, they have different versions
of it. Like the girl. You were like private jets, the penthouse, and she's like, nah, I just
want to go sit in the woods with a backpack.
It's like a lot of people think they have to think about private jets, penthouses, but
you're really not. It's about your personal desires and getting clear on what those things
are, and you build straight to that.
Jason: Yeah, and certainly, avoid being seduced by the imagery that your eyes see on
Instagram.
Jason: Well, you have this idea of what you're supposed to do when you get money because
this is what you see other people doing with money on social media, and it's not a
healthy way to go, and it's not true to yourself. You're not being true to what you want
at all. You're like I'm going to take that private jet to Rome. I’m gonna do it. I’m going to
take a picture and I’m going to post it, and then everyone's going to be jealous of me,
just like I'm jealous of this person, and that is just such a fruitless way to live, and I don't
think anyone listening here is going to fall into that trap.
But then, even if you look at the day-to-day of the difference between the two, like just
normal guy and the corporate guy. He's working his way up the ladder. He wakes up
every morning to an alarm. Is he excited about his day and his life? Probably not. Maybe
if he’s already scheduled an event at nighttime, he is looking forward to that, but it's
drudgery. It's getting through the day, not from the day, and he has to go in rush hour,
and he's stressed, and he needs to put on clothes that he probably doesn't even like
wearing. He's forced to wear a suit and tie, or she's forced to get dressed up and wear
heels, right? And then, they're stuck at work all day around negative people, people
they don't want to be around a lot of the times, a boss maybe they don't like. Someone
they know they could be running the company a million times better than their boss is.
They want to go to the gym and get in shape, but there's no time during the day, and by
5:00 PM, guess what? You're exhausted. You don't have the energy to go to the gym. So
then, you go home, and again, you're stuck in rush hour, again. You literally spend two
hours of your day, a lot of the time, stuck in traffic, being stress. And then, you go home,
and now you're exhausted. You wasted your whole day.
A friend hits you up for some great event. Now, you don't even know if you have the
energy. You were planning on going. But now you don't even go anymore because
you're too tired. And instead, you literally become a couch potato, and you have a
bottle of wine. A lot of times, if you live in California, you're probably smoking weed.
You're watching reruns of crap on Netflix, you're binge-watching drama tv, and part of
you is enjoying it, and the other half of your brain knows that tomorrow, you've got to
get up and do the same thing again, and you are wanting to avoid it. You're stressing
about it. You have anxiety about it, and this is your life five days a week. You enjoy your
Friday night and your Saturday, but Sunday, again, half your brain is happy to be
relaxing. The other half is thinking crap, tomorrow is Monday, right? That's the life for
that person.
On Sunday morning, they wake up, and they're just like, they can't have fun on Sunday,
even though Sunday's an awesome day. A lot of cool things can happens on a Sunday.
But they can't do it, because they have so much anxiety about Monday. It’s terrible, and
I feel for them.
Jason: Me too. I think the point is driven home of the average day. Because let’s look at the
other side, the guy with the Six-Figure Freedom. His average day, what's he doing? He
wakes up when he wants. No alarm. No stress. No anxiety about people he doesn't want
to see. He looks out his window and he sees rush hour traffic, but he's not in rush hour
traffic.
We went to the gym this morning, before we came here, and as I'm pulling into the gym,
there's this 30-car pileup line just waiting to pull out of this building there because all
these people, they get to the gym super early. Now, they've got to rush to work, and I'm
watching all of them pull out, and Ryan and I knew we were going to be doing this
today. So I'm sitting there with Ryan, and I'm just having fun, yelling, “Gotta get to work!
Gotta get to work!” I start just yelling at everyone, I'm like, hurry! Hurry! Don't be late!
Got to get there 9:00 AM. It's just this look of doom and gloom and monotony is written
all over their worried face.
And we're just having fun, going to the gym. We’re sharing ideas for YouTube, new ideas
for content, things that are working, things that aren't. We're creative. It's fun. It's free.
It's exciting. We're passionate. We're talking about what we want to talk about, and we
get to go to the gym when we want. We don't have to be too tired to go the gym, right?
There's none of that rush hour traffic. You work with the people you want to work with.
If you're a social media consultant and you don't like a client, guess what? You fire
them. You never see them again. Not even a buyout fee to leave them. You just turn the
key. They're gone, forever, right? That's the power. And in a marketing business, the
same thing. You don't like the people you work with, you fire 'em. You stop working
with them. Is a customer is giving you too much stress? You fire your customers. You
have total power and control of your life, total freedom. You work your own hours.
Here's the one I love. Here's my personal preference. I like getting buzzed. Not drunk.
But buzzed. How about you Ryan?
Ryan: I do.
Jason: It's fun. Not all the time, not to excess. I don't do that anymore, but it's fun. Here's the
thing I learned about it though. I like getting buzzed during the day. I don't like being like
that at night. It ruins my whole sleep schedule. I go to bed at 9 or 10 PM. I don't want to
be in bed at 2:00 AM. If I get buzzed during the day, it's great. Being almost-drunk under
the sun is one of life's greatest pleasures. It truly is. Experiencing a bottle of red wine,
watching the sun begin to set against the blue ocean beneath it at 4:00 PM on a
Wednesday with your feet kicked up and your worries nowhere to be found is amazing.
It’s a million times better than getting drunk in a smelly, cigarette-filled bar with a bunch
of people who don’t empower you or your mission in life. It's just not even close.
If you work an average job, can you do that? No. Six-Figure Freedom, you can do that
whenever you want.
And you get to work your own hours. So a lot of people, they work the wrong hours. I
don't know about you, but a lot of times, I get really creative from like 6:00, 7:00, 8:00,
9:00 PM. I'm really good at writing at that time, good things happen. If you're working,
stuck to someone else's hours, you have to be there directly at 9:00 and you have to
leave exactly at 5:00. It doesn't make sense. We all have different magic hours, where
we're better at certain times than others. Now, you get to work to your strengths. So
there's just a million reasons why.
And then, at its core level, what does this do in these two different lifestyles to your
own status and your own self-esteem? So if you're stuck in the route everyone else
takes, and you're stuck in rush hour and around people you don't, you're trapped,
you're doing things you don't want to do, you're having Sunday anxiety before Monday.
What do you think that's gonna do for your self-esteem? If you don't like the life you're
living, how do you feel about yourself? Probably not very good, and the worst part is no
one forced you to live that lifestyle. So you can't look in the mirror and say, yeah, my life
sucks, but it wasn't my choice. It was your choice. You chose that for yourself. Now, the
great part is because you chose that for yourself, one, we know you know how to make
decisions. And two, we know you have the power to choose. So now, because you know
how to make decisions and you have the power to choose, you can choose to go a
different route, to speed into the Six-Figure Freedom Lifestyle. You have the ability to do
that.
So the guy's free, hanging when he wants, working when he wants, working out when
he wants, living a freedom-filled lifestyle, what do you think his self-esteem is like? He's
Mr. Happy Go-Lucky, right? When you are constantly taking the actions that only you
want to take, you're living a self-directed life, every step you take, boosts your self-
esteem even more because you're the one calling the shots. You're the one pulling the
strings, and that has such a strong carryover. Not just to business but to your social life,
to your relationships with women, to everything in your life. And as a result, there's a
certain perceived status that comes with being one of those renegade entrepreneurs
with a Six-Figure Freedom Lifestyle.
I remember I went with my brother to The Bungalow in Santa Monica at the Fairmont.
You were coming with us there?
I remember he brought this girl, who he wasn't dating. She was a friend, a really pretty
girl, a model in L.A. And I'm talking to her, and she was just asking what I'm doing with
my life and what's going on, and we were talking about stuff. And I mentioned that I had
this idea that I wanted to set up my life over the next couple months, where I set up my
online business so it's not going crazy, but this is long before the dating was blowing up
and I wanted to set it up where I was making $10,000 a week because I'd been making
like 50K, 60K a month, but working really hard. I was like I just want to automate it to
$10,000 a week, and then set it there for two months, I wanted to go see South
America. I wanted to see all the different countries there. I wanted to live in different
Airbnbs and just explore, and really just take a seat on the lap of the world, and see how
it goes.
And I'm not like bragging or anything. I'm just being honest. I remember telling her, this
is what I'm going to do. And about halfway through, she just like tranced out. She was
just lost in my story and the pictures of the countries I'm describing, and when I'm done,
she was speechless, then she said that sounds so amazing. I was like, yeah, it will be, and
I just walked away.
This was a normal very doable thing that I'm just going to do, and to her, it sounds like
the greatest life anyone could possibly have, and that's what happens when you have a
Six-Figure Freedom Lifestyle. Y
So before we go any further, have I completely sold everybody here on the idea of
which one is better than the other, and which one you will take action on?
Jason: The two big ones that I want to focus on here is internet marketing business or
becoming a social media consultant, one of those two.So internet marketing business,
you have an online product. It could be a video. It could be an ebook. It could be
something downloadable on audio. It could be something physically that you ship to the
customer, but you have that product. You have a website that sells it. You have a way to
collect leads through email and through social media channels. Maybe you collect
phone numbers, and you text them also, and you sell those leads the product. And if
you're good at it, which I'm going to show you here, you automate this selling process.
You automate the lead collection process and you automate the selling the lead process
in terms of selling them, and turning that prospect into a customer. So you just kind of
have to maintain what's going on and the business runs for you, it's a machine. That's
how that one works.
Social media consulting business is also very cool, and to me, you can get to six figures
faster doing it that way. All you need to do is let's say you sign eight clients. Eight local
clients. And the thing we're going to talk about, and I'm going to go into it later, but I
recommend you specialize, specifically. So you're not just a social media consultant in
general. You are a social media consultant for chiropractors. You are a social media
consultant for dental offices. You are a social media consultant for gyms. You are a
social media consultant for salons. You are a social media consultant for massage
parlors. You are a social media consultant for pizza shops. You're a social media
consultant for restaurants. And I recommend you specialize in one, you get really good
at it with a system, and then once you have a system in that vertical, how easy is it for
you to then replicate that system into other verticals? It's like flipping a switch.
So let's say you go with chiropractors. So how many chiropractic offices are there within
let's say in a 20-mile radius of Newport Beach? If we want to Google it, we can look.
There's dozens and dozens, maybe more than 100. Out of those 100, all you need to do
is sell 8 on a $1,200-a-month contract, and who can do the math for me?
Audience: $10,000.
Jason: It's about $10,000. It's $9,600 a month. That's more than $100,000 a year, you're at six
figures. All you need to do is sign eight doctors, eight chiropractors in this example to
$1,200 a month, where you're going to manage their social media, and use social media
to grow their business. We're going to go over the details of how you're going to do it
later and how you're going to set up the whole thing, but that's the whole purpose.
Right now, if they're getting 10 people in their office a day for appointments or
whatever, you're going to use it to increase that number to 12 or 14, or 15. Just using
Facebook ads, and Instagram, and social media, very basic stuff, right? If each person
that comes in, let's say is worth $500 a month to them, and you're sending an extra just
two new customers a week, that means you add $4,000 to their business. Everyone see
that math? So you're like I'm going to give you $4,000 extra in revenue this month, I
want $1,200 in return. Do you want to take that deal? Would you take that deal?
Ryan: Of course.
Jason: And that's kind of low-balling it. Two new clients a week is not going to be too hard,
mostly because it's such a noncompetitive thing, right now. So those are the two
businesses.
I guess in terms of playing to the strengths, I'm going to talk about this in a second, but
if you're someone who is more like task-driven and task-focused, as in you just like to be
in my own world and just get shit done, internet marketing is probably going to be a
better route for you. If you're someone who is more social-focused, you like talking with
people, you like mingling with people, you like talking about ideas with people, about
exciting ideas. You're still task-focused, but there is more of a social component, then
the social media consulting is going to be better for you. That's kind of figuring out
which one you want to go into.
Here's the thing though, both of them will work for almost any personality type.
Because to get to seven figures or more, then you've really got to focus on playing to
your strengths and doing the right thing. But just to get to $100,000 a year in the
business is not so excruciating, it's so kind of straightforward that it's not going to be
that big of a deal. Following the system, anyone can do this.
Jason: It's huge. Well, tell me this, Ryan. Have you ever dealt with any kind of mental barrier in
terms of making money or selling stuff, more expensive stuff?
Ryan: Probably every single day, like I'm always dealing with mental barriers, and pushing
through them and attempting to ... Even for me, it was being able to recognize a mental
barrier when I'm having one. I think that was huge for me because ...
Jason: Can you remember a time where you had a mental barrier, and you recognized it,
recently?
Ryan: Yeah. So most of my business up until this point was selling lower-ticket products, lower
price points. I have a good continuity on that, so I was doing well, but those weren't
kinda like continuing to grow like I wanted them to. So I was like I've had this idea for
what is now called a seminar called "Icon." For like a year, I've been talking about this,
and things have been going ... The sales have been getting lower on the other stuff. I
was like screw it. This is a mental barrier. As fast as I possibly can, I just need to start
selling this because this is the breakthrough I need, and I finally did it and I've had the
biggest breakthrough, now. It sold out faster than even selling lower-price stuff did,
than anything I've ever done. And I was like man, why didn't I do that like a year ago?
So yes, that was a huge mental barrier. And even going to the next level in pricing,
pricing for me has always been a mental barrier. More or less, getting over the hurdles
of people coming to see me, that's like a mental barrier in itself. I'm like why would they
want to? I'll just make a video, like I have so many other videos. But getting that and
kind of pushing through and recognizing in talking to you, I was like I just need to do
this. Like what is stopping me from doing this? It's like a page on the internet, I can
make this in a day, and a video, I'll make that tomorrow. And in like three days, I'll have
this set up, and let's just see how it works, and it worked. But I had that, literally for like
a year, I'd been dealing with that mental barrier.
Jason: A year.
Jason: If that doesn't tell you the mindset stuff is important, then you’re not listening. Imagine
if you had it covered a year ago, who knows how much further ahead you'd be today.
Ryan: Exactly.
Jason: I’m going to diagnose what happened really quick. You were deciding for the
marketplace what they wanted and what they didn't. So you're like, I'm not gonna sell
this live event because they don't want it. I'm not gonna sell this live event because they
won't travel. You have no right to decide what they will do and what they won't do,
what they will buy and what they won't buy. What's better is put it out there, let them
tell you they don't want it. Never decide for them what they're going to decide for
themselves.
So many people, the barrier is that they've decided what the other person is going to do
beforehand, and so they never take action. I'm not gonna talk to that girl because she'll
never date me. Let her tell you that. No, I'm not gonna sell them the live event because
they won't travel. Let them tell you they won't travel. No, I'm not gonna sell that
product for $500. That's just too expensive, no one's gonna buy it. Let them tell you they
won't buy it. Don't decide for them. We have no right to decide for them.
The only right I have is to decide for myself. Everyone else, it's up to them to make their
own decisions in life. That's a huge barrier to get over. And when you realize that, it's so
much more empowering because all of a sudden, all these opportunities that you had
written off before by deciding for other people, you realize I have no right to decide for
them. I have absolutely no right. It's my job to put it out there and let them tell me they
don't want it. Otherwise, who knows what'll happen. And a lot of times, you'll find out
they actually wanted it, often they’d been waiting for it. Ryan, look at what you’d been
depriving them of because you had decided for them.
Ryan: Another mental barrier I have is that I think I always have to be working. And that
eventually comes back to bite me in the ass because I get all stressed out. So I go chill. I
take a day or two just to do nothing, to day drink on the beach or whatever that may be.
Then I come back, and I’m great. But it's like a mental barrier that always comes up, it's
like I can't stop. I've got to always be hustling because I'm not gonna get rich sitting on
my ass.
Jason: We're gonna talk about that but there's Hustle propaganda out there.
Ryan: God!
Jason: It's just destroying the minds of so many people. It's causing burnout and stressing them
out. It's propaganda. Hustle! Hustle! Hustle! Because the message is you're a p*ssy if
you're not hustling. No, you're probably a smart entrepreneur if you don’t need to
hustle.
Ryan: Yes.
Jason: The secret isn't to hustle more. It's to create systems in your business that are
automated, so you own the business instead of the business owning you. Like I love
Gary V., but he doesn't own his business. His business owns him. He is a very unique
individual that actually thrives on that, but 99.9% of people, it's just not for them, and
you don't want it to be for you.
Richard Branson doesn't hustle. He's a billionaire. Gary Vaynerchuk hustles all the time,
and he's a millionaire, and he'll probably never be a billionaire. Richard Branson was a
multi-billionaire by the time he was Gary Vaynerchuk's age, and look at him, now. He's
74, and his hair is illustrious. His skin is sparkling. He has the youthfulness of a spring
flower. The man is great. He's not hustling. He's working smart.
I'll tell you a story about that. About 10 years ago, when my good friend Bedros Keuilian
was starting his business, he'd sold his fitness chains and now he’s starting this internet
marketing business. He was starting his first mastermind, and what they would do is
someone would fill out an application, and they would get on the phone either with
Bedros or with his assistant, who would ask them a couple questions to see if they're a
right fit to come to the first meeting.
And one day, before he had an office, he was working out of his guesthouse at where he
lives. And he's working, he's got a call coming up at like 11:00 AM, but at 10:45, his wife
comes in because a sprinkler was broken in the backyard. So he's like I'll fix it, don't
worry about it, I'm Mr. Fix It. So, he goes out there, and he's fixing it, and the thing is not
cooperating. So he's working on it for like 10 minutes, 15 minutes, now it's 11:00 AM.
Have you ever fixed something and it's not cooperating, so you just get more agitated
and you're like, I am not leaving until I fix this thing? We get obsessed with it. So he’s at
that point.
His assistant comes out, “Bedros, you've got the call at 11:00.” He says, hey, why don't
you just handle it? You'll be fine and then I'll fix this. Okay, great she says. So she comes
back at 11:30, he’s just finally fixed it. He's covered in dirt, and water, and sweat, and
she's like I'm sorry, he didn't want to join. And Bedros was like, I saw the application,
that guy was a shoe-in to join. What happened? He does the math in his head, that sales
would have been $1,000 a month for 12 months. He just lost $12,000 because he was
fixing a sprinkler.
At that moment, he decided I was done doing $10-an-hour tasks. That was it. He says, I
called my wife over, I called the assistant over and I said, here are the rules now. We can
get someone for $10-an-hour to fix that sprinkler. I'm the only one who can close that
$12,000 client. So I'm going to do the $12,000 stuff, and you guys are not gonna come
to me with $10-an-hour stuff anymore. You're going to handle it on your own because
you're responsible individuals, and you're going to hire someone for $10 an hour to
handle all that stuff, and he has not done a single task like that again. You've got to
focus on doing the right activities. You've really got to figure out, are you doing $10-an-
hour tasks, or are you doing the big stuff that's going to move the needle that’s going to
get you the 6-Figure Freedom Lifestyle in the shortest possible time?
CHAPTER 3
Ryan: Before we dive into the wealth building details of Six Figure
Freedom, Jason, can you talk about the #1 reason most
entrepreneurs never follow through on their dreams and goals -
procrastination?
Jason: Let's just start with this. Who here ever struggled with a little bit
of procrastination? Let me see a show of hands. Wow, no one is
not raising their hands.
That's the goal. That's the highest level. There's two big domains
I want to talk about related to this. The first one is focus and
state, and the second one is self image. Focus and state, and self
image. When it comes to focus and state, like I said,
procrastination is a pattern. It's a language. It's a focus. It's a
state. It's a combination of all those three. You might be looking
in a certain direction when you're procrastinating. Or when
you're realize you're procrastinating. You might just be looking
down and to the left. You might be looking down and to the
right. You might ... it might be a certain breathing pattern. You
might be kind of leaning back.
What does that mean to break the pattern? Again, it can mean
anything. I like things that are big and physical. Throw your body
around. Jump around. Do bioenergetics.. Run. Bark. Big physical
changes. You can start doing jumping jacks. You can start
shadowboxing. You can just start dancing around like a crazy
monkey. You can stand up, open your heart to the sun, and do a
minute of conscious deep mouth breathing and go, "Ahhh!" as
you let it out.
All these things are going to positively impact your state. Now,
what do you do right after you break the pattern? What's the
most important thing you do? You put in a new pattern.
Otherwise, you'll just revert back to the old one. You need to
break the pattern and that’s Step Two - the Rule of Three.
So, you're procrastinating, you're aware of it. You recognize it.
You stomp it out. You break the pattern, physically, and then
you immediately Rule of Three. This is the mind game you play
with yourself. We all know if you've got 3 hours of something to
do and you're not super looking forward to doing this thing in
that moment ... you’re gonna be in a procrastinating state, that’s
how we prepare to do things we don’t like doing it in that
moment. We start to think of some of the things we don’t like
about doing it, instead of doing it.
There are times where I apply this type of procrastination
pattern to things I even like doing, because I’m in a state where
I’ve forgotten what I like about it and only focusing on what I
don’t like about it.
Then somehow I start it, and 10 minutes in, I’m like, I LOVE THIS.
I never want to stop.
So let's say I know we're shooting an hour long video and I'm
teaching something, even if it’s super important, but no one is
here besides me and the camera crew. I'm not going to be
looking forward to it. What I have to do is I have to use mind
games on myself and I tell myself, "Jason, just do it for three
minutes. Just start and if you like it, you can keep going. If you're
bored with it, you have the power and choice to say, you know
what, screw it. I'll do it another day. You have that power. You
can do that if you want."
So, if you have a self image that says, "I'm the type of person
who makes 10K a month." Then that is your boundary of
accomplishment. You will never get to 11K. Until you adjust your
self image in any way you want, you won’t break 10K. People
hear that and they're like, "Okay so I need to change my self
image to 11K and then I'll make 11K." Yeah, that's true, but now
you're limited to 11K. If you're just gonna keep going up one=by-
one, that sounds exhausting.
There are 3 three ways that we really mold our true self image:
Micro commitments, what other people say about us, and our
evaluations.
It's also bigger than that. For instance, two years ago if someone
in a peripheral industry invited me to dinner. What do you think
I'd say? I'd just say no. I usually said no. I said no so much, I
made those micro commitments that eventually with ... we do
this unconsciously. I never sat down and was like, "I guess I'm
the type of person who never goes to dinner with new business
potential partners or whatever." I never did that. I just
unconsciously decided that because ... what did I do? I looked at
my past behavior and realized I always said no to those
opportunities. That's who I was. It wasn't until I became aware
of it and I was like, "Wait, maybe this might be good for my
business." Now I get invites and if it's worth it I say yes. Now I've
changed those little commitments and now, am I someone who
doesn't go to dinner with potential business partners? No. I am
someone who does do those things.
Audience: My girlfriend every day. Basically telling me that I'm the greatest
human on the planet.
Audience: Enough.
Audience: Yeah.
Jason: But you remembered the compliment, maybe even more than
anything else. We remember compliments. Who else has a
compliment they want to share that they remember?
Audience: It's always nice when you're told that you're a good daddy.
Jason: That's a good one. I remember this was one time where I was at
... this was probably six months ago or so. For a while there,
every time I'd go out with friends to a club I would wear, I
wouldn't wear a suit, but I would wear the suit pants and the
shoes. I'd wear the shirt and I unbuttoned two or three buttons
and I'm not wearing the tie, but it'd just wrap the tie around like
a scarf. Its kind of got that 2 A.M. at a wedding with the
champagne bottle, half drunk, look. Awesome look, I love it.
I'm sitting there and I'm at a club called, Sapphire in Vegas. It's a
strip club there. I'm sitting down with my girlfriend and we're
just hanging out. This girl, she's one of the dancers there, jumps
on my lap and we're talking with her for a second. She goes, "I
just had to come over and tell you, you look like the hottest guy
I've ever seen because you look like the guy who left his bride at
the altar." I’m thinking, "That's one of the most creative things
I've ever heard." I was like,”How did you know I left her there?
She's been texting me all night.” And then we got into this whole
thing about it.
So, what I say is if you like the predictions someone made about
you, if you like the comment they made about you, ride with it.
Keep it as is. If you don't like the comment they made, let's go to
number three here and talk about evaluations. What are
evaluations? Evaluations are how we code things that happened
to us. So, if someone says a comment about Jason Capital like,
"He's just a cocky asshole.” If I took that comment face value
and didn't evaluate it at all then that might have a negative
effect on my self image. It could have a snap back effect where
I'm like, "I gotta be the opposite of that now because I don't
want to piss anyone off." Fortunately, my mission in life doesn’t
allow me to invest in things that don’t support it so if someone
called me a cocky asshole I would just be like, "Thank you for the
acknowledgement.” I would code it as acknowledgement,
nothing else.
You're on a sales call and it doesn't work. You're not getting the
response that you want, it doesn't mean you're bad at sales.
Successful people don't take what happened and they don't take
meaning from what happened to determine who they are. They
already know who they are before whatever happened is gonna
happen. Does that make sense to everybody? They go into it
knowing who they are. They're not going into an interaction or a
conversation to find out if they're good looking today or un-good
looking. To find out if they're attractive or not attractive. They
know beforehand. That's their self image. They're just going in
there to achieve an outcome and if this strategy didn't work for
them, great. Try a different strategy to achieve our desired
outcome.
The last thing I want to say about this, before we kind of get into
mapping out your paradise is the concept of momentum and
habits. How it relates to procrastination and self image. We
talked about you notice you're in a procrastinating state, you
break the pattern. You go with the Rule of Three, now you gain
momentum. The rule of three gives you momentum. What we
all want in our lives is momentum. Momentum towards the
directions of our goals and our dreams and our hopes and our
desires and the outcomes that we want to create. That's what
we all want. It's created, the Rule of Three is probably the most
powerful way I know to create momentum. It's incredible.
You have an apple. It's only good and nutritious in the present,
not the future. Taking action on your goals is good now. It's not
gonna be good later. It's gonna be too late later. It's gonna be
moldy and soft. You ever bite into an apple you expect to be
crunchy and it's just like soft mush ... it's a top 10 worst feeling.
It's terrible. It's awful.
So, the apple is only good and nutritious now. It's gonna be
moldy later. It's the same thing with all goals. The more we
prolong, the more mold appears.
The last thing I want to note, which for everyone who's in this
room and is in the 6 Figure Freedom Mastermind, you’re going
to be getting and experiencing all of this, the last thing involved
in this and really getting lasting change within yourself is getting
clear on what your top 2 needs are.
Tony Robbins says that there's six human needs and it's getting
clear on what your top two needs are. Then finding out how
you've associated not taking action with meeting those needs
and ripping that pattern apart and instead, associating taking
enormous amounts of action with the meeting of your two
greatest needs. That's how you get the most leverage on
yourself and that's some of the highest value stuff that we can
do. We're gonna be doing that in the mastermind, which is
gonna be fun. Let's keep going here.
John Romaniello has a story about ... he's at a bar once and he
met this girl, and after about 20 minutes they started kissing.
Then the girl gets a tap on the shoulder, she turns around and
it's her boyfriend. He has a drink for himself and for her. He just
hands it to her and then John is like whoa, whoa. He backs away
for a second. He talks to the guy for a couple minutes and the
guy says nothing about the kiss. Says nothing. He's just
pretending like it never happened and Roman's like this is so
weird, right?
My personal rule is, if it’s cheating like that, it is a one strike rule.
That's it. That's not a negotiable. That should be one strike and
you're out. There's other things that are more important that
need to be discussed and aren’t a one-strike rule, but cheating is
a one-strike rule in my world. That’s just my personal code.
But this guy is showing us how most people run their lives. The
thing is a lot of people because they're not honest about it,
about everything happening in their lives. They'd rather delude
themselves, they've trained themselves to.. Heres the thing, if
you're constantly not being honest with your self, you don't
believe what you say anymore. How many people have set a
goal like, "I'm gonna lose 10 pounds in the next weeks." Then
they don't change their diet. Maybe they go to the gym for a
week and then they stop.
They don't go back and look at, "Why did I stop going to the
gym? Why did I not change my diet? Why didn't I eat the right
foods?" They pretend it never happened.
That's how they go about these things and they wonder why
they can't lose weight. They can't get better relationships. They
can't get the life that they want.
They’ve done it so much that every time they set a new goal
now, they don't even believe themselves. They're just saying it
to say it.
If you can't be honest with yourself and you can't be honest with
me as we do these exercises then it's important to know that
don't go any further. Just stop right now. If you’re reading this,
you’re going to be honest with yourself, yes?
Again, I am your coach. My mission is to help you achieve your
mission. That's the whole game, in the end. If I'm not being
honest with you and you're not being honest with me then we
can't do that.
2) Look at those things that you just wrote down. Will they still
be obstacles in your life? Yes or No? Be honest.
Everyone have all the three? Yes? Okay. Here's the last thing
we're gonna do with this. A good rule I've learned is becoming
very clear on what the obstacles are. We don't turn away from
them. We turn towards them. We run into them, but it's also
having a plan. What I mean by having a plan is not just
anticipating what they're gonna be, but having pre-determined
solutions for when they happen. Not, if they happen. For when
they happen. What I want you to do now is with those top three
obstacles that you've circled or numbered on a list. I want you to
list out at least two solutions on how you're gonna deal with
each now or how you're gonna deal with them when they come
up. At least two solutions.
Let's keep going and lets kind of take a left turn here and get
into another exercise. What I want you to do now is on a new
page or just on a new page break. I want you to answer these:
The reason we just did that is having goals like, "I want to make
six figures. I want to make a lot of money. I want to like five
private jets." Things like that it's very vague. It's not clear. When
we have a clear number that we want to hit, all of a sudden it's
like we have a standard. We know the number to hit. We know
the number to beat. We know what we're aiming for. We can
work backwards from that number. Numbers are much better to
work with, specifically, when we're talking about making money.
The way I like to think about it, my own personal company goals,
income goals, revenue goals is it's not a set in stone goal. I don't
approach that number like a cynder block. I approach it like
water. The way I think of it, is it’s my North star. It's the direction
I'm heading, but I don't have to specifically hit that number. A lot
of times people set a number and because they've set that
number they're only working towards hitting that number.
Never above that number. We'd actually be limiting.
What I want you to do is stand up from where you are and just
jump around and dance for 15 seconds. Let loose. Shake all the
shit out.
What are some things you'll do? Some places you'll go? Some
experiences you'll have? Next..
2) How are you gonna feel about yourself at that point? How are
you gonna feel about yourself when you're doing all those things
and experiencing all those things and going all those places with
those people?
3) Good so far. Next answer this, what are three things that you
will never have to do again with Six Figure Freedom? Three
things that you'll never have to do again.
4) Where will you live? Just keep going. Keep writing. Where are
you gonna live? You have Six Figure Freedom now. You have this
amazing business. This amazing life. Where do you live and what
are 3 places you're gonna see? What are 3 places you're gonna
travel to?
Alright, now step back for a second and we're gonna do one final
question I want to answer, which is the first time I did this years
ago it was just ... it was exciting to do. You start seeing new
opportunities you didn't see. You start getting excited in places
you used to kind of feel hopeless and it opens up your eyes to
what's really possible for you. I hope it does the same thing for
you now.
Ryan: I'm ready to get a Six Figure Freedom Lifestyle now. So Jason
how are we going to do it?
Jason: I’ll tell you all about that in the next chapter..
CHAPTER 4
Jason: So the first thing is that social media was 20% of businesses in
2012. Today, top businesses focus as much as 95% of their
marketing efforts on social media. That's enormous.
And for you as the entrepreneur, you don't even need to rent
space. If you become a franchisee, which can be a great
business, usually you have to go out, and you have to rent. You
have to find a place to put the business, right? You've to
negotiate with the landlord. You've got to go through all ... As a
social media consultant, your MacBook is your office. That's it.
Do it from anywhere in the world.
I like the idea of you going out there, finding someone who, let’s
say, is a Pilates teacher, and all she wants to do is teach Pilates.
And she's having to learn about the social media and Facebook
ads, and her ad got disapproved because she was showing her
butt in the picture, and she didn't know you couldn't do that,
right? And I like the idea of you going and just saving her and
being able to be like, no I got it. It's $1,500 a month, but I'm
going to send you more leads than you can handle, and you're
doing that with every Pilates studio within a 25-mile radius and
you're the Pilates king.
And now, you have a business that makes you $150,000 a year,
and you love what you're doing, but you also like doing it from
different locations. So if you want to take your laptop, your
office, and go do it from New Orleans during Mardi Gras, you
can do that. If you want to go take your laptop, your office, and
you want to go spring break in Cancun, you can do that, but
you're still working there, right?
Audience: Yes.
Jason: In addition, Facebook ads are gonna play a big role in this for
you. That's how you're going to be doing most of their social
media marketing. It's gonna be on Facebook Ads. Facebook has
made it so brain-dead simple for you to learn how to do
Facebook Ads, today. Why did they do that by the way? Why do
they want to make learning Facebook Ads, so simple, so easy to
learn? The more people that know how to do it, the more
money people will spend on it.
And then, lastly, if you look back at all the top seven reasons we
covered in the first section yesterday, why you would want this
business, it hits all seven. It checks off all of those boxes.
Jason: All right. So here are the steps to becoming a social media
consultant. This is the formula that I'm going to break down for
you, right now. It's gonna be a lot of how-to, not like the
philosophical mindset stuff. Some people might have the
tendency to drown out and let their brain somewhere else. That
would be a fatal blow to your income. I wouldn't do that if I
were you. Read this close, it’s all here.
Audience: No.
Jason: How much elasticity can price have based on your own
marketing?
Speaker 5: 100%.
Jason: Enormous elasticity, right? One bag costs $4,000 from Gucci.
This same bag costs $60 at T.J.Maxx. It's just price elasticity via
marketing, via the story that's been wrapped around the thing.
So there's a lot of price elasticity with this and with the right
marketing you can command a higher fee than $1000 a month,
but you don't need many to add a six-figure income, whether it's
your side business or whether it's your main income.
If you go to a local chiropractor and you say, hey, Dr. Jones, I'm
an amazing social media expert, I'd love to bring you leads to
your business, would you like to sign here on the dotted line,
and I'll start sending you more leads than you can handle, and
your business will explode? What's he gonna say?
Ryan: No.
Jason: He's gonna say no. For a variety of reasons, right? He does want
business. He doesn't like the way you talk to him about the
business though. He doesn't feel heard. He doesn't feel
understood. He doesn't know you. He doesn't trust you. And
worst of all, he has no goddamn idea if you can actually do what
you just said you can do. Does that make sense to everybody?
So proof before partnership, you must prove that you are able to
do what you say you can do before your sign them up. That's
how we sign clients in our social media business. We prove to
them that we can actually bring them leads. That's the proof
part.
Here's what you're gonna do. You're gonna prove to them that
you can get them leads that convert to low-barrier offers. That's
the system.
If you're sending them leads from Facebook, and all they have is
a basic yoga membership where it's just $49 to sign up, and
there's no incentive, free for five days or whatever, they're not
gonna be able to convert those leads are they? The yoga teacher
is not super talented salesmen or marketers. She just wanted to
open a yoga studio. He just wanted to open a yoga studio. So it's
important that they have this low-barrier offer setup for your
Facebook ads.
When you talk about things like low-barrier offers and Facebook
ads, and conversion rates, and leads to customers, like if I send
you 20 leads, how many of those will you be able to convert on
your low-barrier offer? Ask them questions like that. They've
never thought about this stuff, before. We know this is just good
goddamned business. That's what this is, right? But they've
never really thought about it before. They've never heard
someone speak about it so clearly and expertly. They're gonna
think you're a freaking marketing wizard. Do you want them to
see you as a marketing wizard before they sign with you? Is that
usually a good position to be in?
Ryan: Yes.
Speaker 5: Yes.
When you do meet with them for the appointment, the first
thing you want to do is you're gonna come with the facts, and
the documentation. What this might be like, let's go with the
chiropractor example, is when you come to them, you have a
piece of paper with certain stats printed out. Not because you
want them to read it, just because you want them to know, I
know more about this than you do.
So you should have a folder with these facts about their business
and the area.
The facts you want to give them should follow the formula:
Problem, Agitate, Solution, Demonstration.
Audience: Yes.
Jason: There's a lot of competition. Right, now you're gonna agitate the
problem. What does that mean? It means you're going to
translate how this problem will negatively affect them in the
future, what it will cost them in the future. Better yet, costing
them in the future doesn't twist the knife nearly as hard as what
it will cost them, today.
So now, it's time for the solution. So then, you make that
transition, that bridge, and oftentimes it can be something as
simple as “So we know obviously with the current state of how
competitive things are, and with prices going down, everyone's
having trouble making money. Have you ever noticed that all
your competitors are all advertising the same way?” Yeah, I
have. “They all use that old-fashioned advertising, don't they?”
Yeah, we do the postcards, or maybe they go into newspapers,
or they give local talks, and they have to spend their time there.
They all have this local old-school advertising.
“Well, what if you were the only one who was advertising in a
way that costs significantly less than your competitors and
actually got significantly more leads than them? What if you
found a way that was actually cheaper to advertise and actually
got you up to five times as many leads as your competitors? Is
that something that you might be interested in?” Yes, that
sounds goods, that might be interesting.
So you can even flip it around. A good question to ask, and this is
where it kinda gets ... That's the solution. This is where it goes
from solution to demonstration, and here's the general script
you want to use. You get that Yes and then you go, “Well, what
if you were dominating and crushing on social media?” Hmm,
interesting, I've never thought about that.
Audience: Yes.
Jason: Generally, right? Are many of them almost kind of like afraid of
it? Like it's that tiger, that boogie man, they're like I know it's a
big deal, I should be doing it, but it's scary, I don't get it, it's
changing. There's all this stuff they have going on. They have all
crazy ideas about it.
So you flip the iPad or the computer around, and you show them
Facebook ads. That's what should be on the screen. It should be
Facebook ads, and there should be an ad you've already created
for them. Imagine the look on their face. You’ve already created
an ad for them, they see it right there, someone’s taken this
social media burden off their shoulders already, their juices are
flowing.
And then, here's what you're going to say. You say, “What if this
was your ad driving new customers to your store today to buy
your low-barrier offer?”
If they have a name for the low barrier offer, just say that
instead of “low barrier offer”. Like “free massage special” or
“free teeth whitening offer”.
And then, the follow-up that just seals the deal, you ask them,
“Can you see how this might work better than your competition,
who's still using old-school ads?” Yeah, I can see that. Once they
can see it, you've got 'em.
And with it, I think I can get you 10 new leads, 15 new leads, 20
new leads, 7 new leads, 22 new leads.”
If you do all this, you went through this whole process, problem,
agitate, solution, demonstration is by the way the most
important part of that. And you ask them this question, do you
think most business owners are going to give you the chance?
Just $100 of their budget for you to accelerate and grow their
business in the next five days by buying leads for them? They're
going to say yes. You're going to get a lot of Yes’s. Your closing
rate is going to be very high. And as you practice it, you're gonna
keep getting better and better. Even with that closing script,
how important is tonality going to be?
Ryan: Huge.
So here’s the last thing you’re going to say, and this is another
script.This is word for word, this is tested.
What are they going to say to that? Yes. Yes, you have my
commitment.
And at that point, you're off and running. Now, you have five
days, a $100 budget to buy them the leads. Now, before you
start doing this, a couple things you have to make sure of is, one,
you have to make sure they have the low-barrier offer. The
worst thing you can do is you send them leads for those five
days, good leads but none of them become clients because they
didn’t have a low-barrier offer in place. So you want to make
sure that they have it. If they don't have it, work with them.
The other thing you're probably going to want to know, and that
probably most businesses, even good businesses won't even
have an answer to this question is if you ask them what is your
average lead worth? They won't know. In fact, some of them
won't even know what that means. What it means, of course, is
if 10 leads walk through this door, how many of them sign up?
How much do they pay on average? And from that information,
we know what the average lead is worth. If 10 people come in,
and 2 of them pay, and they each pay $50, then we know you
made $100 for every 10 leads that came in. Meaning your
number is $10 per lead.
Ryan: I can see how this would work incredible for anyone willing to
take action. What’s the other way to get a 6-Figure Freedom
Business?
CHAPTER 5
Jason: That's a good question. That's a big question. It's one that you're
actually pretty familiar with yourself.
Ryan: We will.
Jason: So the first place to start, I just want to pre-frame this by saying
that this isn't going fully deep into all the, every piece of the
puzzle. This is going to be the underlying structure of building a
Six Figure internet business. To get to a 100K a year in the
internet marketing business, there’s only a few things that you
need to do. There's a certain structure, a system that you need
to follow. And if you work the system you can get there. Doesn't
really matter necessarily what kind of experience you have, or if
you’re not a great copywriter yet. Those things will take you to a
multiple Six or seven-Figure business, but just to get to a 100K a
year - I don't mean this in a derogatory way to anyone, but
there's a lot of people making Six Figures on the internet that
don’t deserve to be making Six Figures on the internet. You
reading this do deserve to so let’s put you there now.
We’re going to start with the whole structure. The first thing you
need to do is to pick your niche. What niche are you going to be
in? And a niche is just a certain type of industry. There's the
make money industry, there's the personal development
industry, there is the fitness industry, there's the fat loss
industry, there’s the dating industry. There's all these different
industries. Now in each niche or industry there are sub
industries and sub niches. So there's fat loss, and there's fat loss
for men over 40. There's make money, and then there's make
money in real estate. That's a niche and a sub niche. You're
gonna want to start in a sub niche not a niche. It's hard to
compete in a niche, there's tons of people, big brands have been
there for a long time. Sub niches you can carve out your own
space. Do like the Blue Ocean strategy, be a category of one.
The next thing you need is something to sell. You need a product
or service to sell. That's the most important thing. You need a
course or a product and downloadable info product that you are
gonna sell. Like an ebook, downloadable videos and audio
system, a combination of the three. Maybe there's a series of
live webinar trainings that you're going to do. Maybe it's ... I
know a guy who sells a program. He's an experienced marketer
and it's $15,000 a year. All you get is a number to text him at for
the year. Whenever you have questions you just text them in.
And then he promises within 48 hours he'll get back to you. And
that's what they pay for. That's the whole program. That’s the
product he sells.
So you are not limited by what you can sell. There's so many
different things that can be sold over the internet. There's a sock
of the month club. $20 a month you get a new pair of socks
every month. A frivolous pair of socks to frolic around the city.
That's a real thing. So you pick your course. The key thing I want
everyone to understand is when you're creating the course, the
product, the people you are gonna be selling to are going to like
a certain type of thing. If they like strawberries, don't feed them
cantaloupe. They're not going to eat it, and then the cantaloupe
is going to get wasted.
So once you have the course created, you have the thing. You
want to jump start your online business. Ryan, what's the fastest
way to jump start an online business?
Ryan: Let's do vegan fat loss. You find all the people in vegan fat loss
that have blogs, that have products, youtube channels,
whatever. Then you go to them and you offer them up a big
commission to sell your product. And you get everybody to
promote at the same time for a certain amount of time. You put
your product on sale. There's a deadline, and at the end of that
deadline you have a whole bunch of new customers that you can
now help and sell more valuable stuff to.
Jason: So when I was 21 I launched a product, it was a speed training
product for athletes. So it was a DVD, a home study course that
we shipped out to you. We charged $149 for the DVD and we
had hundreds of testimonials. They’re actually still on line, a lot
of them. What I did was I created the product first. And then I
Figured out, I made a list who's everyone that could promote
this product. So it's speed training for athletes. And it wasn't
limited to just one sport like basketball. So anyone who had a
basketball email list or social media following can promote the
product. Anyone who had a hockey, or soccer, or football, or
baseball, or tennis could promote the product.
And of course it's a little bit deeper than that. There's a little
psychology involved in how you ask them and how you go for
the ask and everything. But that's what it was. The key thing is
that you get all the affiliates and you get them all to promote
you at the same time. There's this magical effect, this thing that
takes place when the whole marketplace is hearing about your
product at the same time. Has anyone here ever been, you're on
everyone's email list and there's all of sudden for five days
straight you just hear about the same person and product over
and over and over? It’s because they’re manufacturing it to
happen, they engineered it as part of their product launch.
They're getting all those people to talk about and promote their
product for them as part of the launch. That's how it works. You
see it when celebrities are all talking about some new movie
coming out at the same time, and they go on all the late night
talk shows to promote the movie. That doesn’t happen because
Jimmy Kimmel is like, “Hey, let’s get Charlize Theron on, I hear
she has a new movie coming out.” No, Charlize Theron pays a
team of promoters to compel Jimmy Kimmel to allow her on the
show so she can promote her new movie. She’s doing a product
launch. They all do it.
So that's what I did. And in seven days I went from not having a
business, to now I have a Six Figure business. Cause it was like a
$110,000 launch or something like that. But even better because
there was an opt in on the web page before they even bought
the product I gained 900 or 1000 customers or something like
that. And I gained a total of 8,000 people on the email list.
Because all these affiliates are sending traffic to the web page,
and our funnel wasn't straight to a sales page, it was to squeeze
page which means there was an opt-in box. In exchange for the
prospect entering their email they get access to this badass 22
minute video that was full of new speed training tips for
athletes. And then at that end of that video we pitched them on
the product, and here's why it's on sale, and here's the deadline,
and here's why you should buy now, etc, etc.
So I got leads and I got customers from the launch. About 8,000
leads and about 1,000 customers. 8,000 leads and 1,000
customers just like that, you have a Six-Figure Freedom business.
I can help someone do this in under a month with my eyes
closed. Everyone see this so far? That's the structure.
Ryan: Yes. And I think it's also important to note that when you do the
first product launch, you want to be thinking more long term.
Yes you're gonna make money off that initial launch, but the
value in the launch is what you gain after it. The list and the
recurring customers and the people that you continue to sell to
and market to. So ultimately you want to try to break even on
the launch wouldn't you say? Most people are gonna make
money on it but..
Jason: I mean honestly I think a good rule of thumb is even if you go in
the hole five or ten percent on the launch, it's more than worth
it. That doesn't really happen though cause it's free traffic. 8,000
leads on Facebook for an internet marketing product isn't cheap.
8,000 leads I don't know if you're paying $5 a lead, you're paying
$2 a lead. I mean you're talking about $15,000 to $30,000 you're
gonna spend to get 8,000 leads. When you get those 8,000 leads
from affiliates, you get them for free.
So the checklist for the product launch is you need your product,
you need your sales copy, you need your upsells, you need to be
able to fulfill the product. And you need the affiliates. Those are
the big things that you need to run this thing.
So what do you do after the product launch? Now that you have
this launch. You've got customers, you got money, you got a list.
What do you do to actually make money from that list? Well, the
first thing is you don't ask the question how can I make money
from the list? That's not the question, that's a negative question.
The question you want to be asking is “Hw can I provide so much
value to these new people that they want to continue doing
business we me on a very regular basis?” That’s a better
question. That's what you're doing. You're not selling to them.
You're building a relationship with them. That's the distinction
with these leads, with these customers.
So, how do you build a relationship with your list? Well, the key
thing is frequent and intimate communication. Whether it's
through email, whether it's through social media, whether it's
through video, through text. Just frequent and intimate
communication. And we talked about this in the MBA In internet
Marketing Program, but what's one way to make
communication intimate? Who can tell me?
For instance, last week when I was in Vegas and I just told the
story about I'm in Vegas and I show a picture from where I am,
people just love to see that kind of stuff, we had hundreds of
people writing in about it. So just be interesting. Lead an
interesting and fun life. Shocking concept. And then share the
interesting and fun stuff that you're doing and that you're
thinking and the experiences that you're having.
They basically start to feel like they know you. When they meet
you in person they'll say things to you like hey do you remember
that time when you went to Napa with your girlfriend? I was just
there with my girlfriend and we tried that restaurant you talked
about. Because they've heard the story, they've gone on the
experience with you, they want to go share it back with you.
Does that make sense to everybody? So it doesn't have to be
that you have to write great content articles everyday. Just
sharing cool shit going on in your life and being friendly, like pen
pals. It's like pen pals. Works really well. For you and for them.
Key thing, we're talking very general here, but it's so easy to get
distracted by shiny objects, like all the psychological things,
thinking you need to be the sorcerer of influence using all the
persuasion tactics.
Seriously. Are you telling stories? Are you being interesting and
fun? Do you give a shit? Are you leading with value?
So that's how you build that relationship. Now, how do you keep
monetizing? Here's the key distinction that you want to have.
Have a recurring membership program overflowing with value.
So after you do your product launch, have another program for
your most advanced dedicated students that has a recurring fee
to it. $39 a month, $69 a month, $99 a month. Have a recurring
program. Honestly we're talking about those mental barriers we
were talking about yesterday. A lot of people have barriers with
this. And I think one of the reasons why is because they feel like
they've been trapped in a recurring membership program or
something in some point in their life before. The best way I
know to get over it, honestly, is to be a part of them yourself. As
you realize how much value they pack, you won't have the
barrier anymore. You'll be very comfortable not only offering it,
but you'll be very comfortable selling it.
Let's say you do a launch, you get 1,000 customers and then you
do a follow up launch a few weeks later. And you have a $69 a
month recurring program. And you add 125 to that recurring
program? Who can do the math on that? It's about $8600 a
month. That’s more than $100,000 a year on its own. You just
want Six Figure Freedom, there it is. Break even on the launch,
get a 1,000 customers and then have a recurring program that
changes lives right after. And that's it.
Cause even if you say, your vegan fat loss, that's the launch Ryan
talked about. If you get a bunch of vegans in there and they're
just dropping weight like crazy. They're just disappearing. We
can't see them anymore, they're so skinny. You can sell them
more advanced vegan stuff if you want. You can sell them more
recipes and nutrition and vegan research and stuff, but when
people go through a transformation like losing weight, making
money, growing themselves, having breakthroughs, whatever it
is, how do they usually feel? Are they excited about their lives?
Do they all of a sudden start to see other areas of their life
where they're like, wait if I can breakthrough there, I should be
able to do it here and here and here. Their eyes start to open up
to how great their life can become. And they're gonna start
looking for ways to ... let's say it was health. So if they got
health, well now they're gonna start looking for ways to increase
their happiness, and their wealth, and their knowledge, and
their wisdom, and their relationships.
And that's what you do in the membership area. Does this make
sense to everybody? Good. There's your Six Figure Freedom
business. And if you want to keep the business growing, I don't
why you wouldn't. All you do, if you really want to make more
money, is you do three internal product launches per year. One
big launch with affiliates per year, and three internal per year.
So we talked about the big one with the affiliates. The internal
one is just you create a new program. Something you've been
hyping up internally. Something that you're really passionate
about. Something that you're proud of. And then you just launch
it to your current customer base, whether its 1,000 customers,
1,500, 3,000, whatever it might be. And you do a full product
launch just internally. You have great content, you give them
stories, you get them hyped about the product. And then it
opens up and for seven days it's on sale for 50% off , and there's
fast action bonuses. And now those are what we call cash flash
floods. There cash injections into your business and life. They're
profit windfalls. And now we're talking about way more than
$100,000 a year. Now we're talking about multiple Six Figures.
The other things I had that I wanted to note was, if you want to
keep driving traffic in other ways is, you make YouTube videos,
you're active on Facebook, you're active on social media. You
use Facebook ads. It's nothing complicated, it's nothing crazy.
Success is just a few small fundamentals applied consistently
over time that lead to big results for you. Ryan, do they need a
blog?
Ryan: No.
Jason: No. You don't need a blog. A lot of people are like do I need a
blog? No, you don't need a blog. Blogs are dead. You can't see it
yet, but they're dying. Three years from now they're just dead.
People go on social media, they don't go on blogs. Do you need
a business card for this? No, you're social media is your business
card. You're social media is also your blog now. People don't
want big content, they want micro content. They get it on social
media. They get it on Facebook, they get it on Instagram, they
get it on YouTube. You do want both types of content. Cause
here's the thingm some of your customers are going to be die
hards and they're gonna want more of you than the micro
content can offer. Where do you provide that longer, deeper
connection with them?
Jason: In the membership area. The other way you do it ... cause there
might be other die hards that don't know about you yet, but if
they met you they would become a die hard, is on YouTube. And
on YouTube you want to mix in some long content in there. 15,
20 minute videos on there. You can even go as long as an hour
on YouTube. There's some people I know ... there's someone I
know who literally made a two hour video on his iPhone holding
his phone up by his arm for two hours straight. The deltoid
stamina and endurance is mind blowing. A two hour video just
talking about nothing. But the people who are die hards, are
they going to watch it? Of course. Are they gonna feel even
more connected to you after? Yes, and are they gonna be more
committed and invested after they just spent two hours with
you? Yes, of course.
What tools do you need to learn for this? To implement all this,
the actual online tools? There's Aweber. That's for email lists.
You can go to others like, GetResponse. I'm just telling you
what's the best. Just go with Aweber.
Can you imagine that? You have like a brick and mortar business
and you do nothing and then there's some guy on the other side
of town who's just like hey I'm gonna send you a hundred leads
a day, just give me 75% of what they spend. That never happens
in the offline world.
What about making your sales page? Do you have to learn
HTML? Do they have to learn to design in Photoshop?
Ryan: No.
And that’s it. That’s the Internet Marketing Model for getting the
6-Figure Freedom Lifestyle in as little as 12 months or less.
CHAPTER 6
Indecision, it sucks out our energy. If you guys are ever ...
Anyone here who has been in a mood where you are just on fire,
and you're present, and you're boom, boom, boom, being in
state, as some people would call it. Are you indecisive in that
moment? You don't even think, do you? You just do. And in fact,
it's amazing because each action you take, each thing you do
actually gives you more energy. That's when you get in that deep
momentum state, and you just feel really good and the results
start flowing in, coming out of nowhere, more and more.
When you're not there, when you're tired, when you're unsure,
when you're indecisive, it sucks the energy out of us. The putting
off of making a decision is actually an energy leech. Indecision is
an energy leech. You're sitting there, should I do this, should I do
that? I can't decide. All you're doing is just funneling the limited
amount of reserves that you have into more thought about
should you do it, or should you not? Should you go A or B?
Should you leave? Should you stay?
I had a friend, who I'm not gonna say his name, but a few years
ago, he met this amazing woman and they had this amazing
relationship. And then, they got married, and then she turned
into one of the worst people in the world. Amazing
transformation that can happen sometimes. She, at one point
during a fight, physically harmed him. She knocked his two front
teeth out. Knocked his two front teeth out, and he stayed with
her after that for a little while. About six more months before he
finally made the decision to leave her, to say cut off, I am done.
Because we all know, he knew during that entire time, those six
months, even after the fateful punch, a part of him knew this
wasn't gonna last. Part of him knew he was gonna have to make
a decision, but he procrastinated on the decision. He decided to
hold off on the decision. And when we decide to hold off on the
decision, it just sits there, and it's just sucking out our
bandwidth. The minute he just made a decision, it doesn't
matter if it's right, it doesn't matter if it's wrong, just making
that decision, brought his life force back to him. And now he’s
dating someone new and traveling the world, having the time of
his life. He’s alive again. And we know all change, all
breakthrough, all action starts with a decision. It all starts with a
decision.
The worst thing that you can do, we talked about earlier about
how if you validate a kid for being smart, not for the effort he
puts in to being smart, it can really screw with him, because we
repeat what we get validated for. Now he feels he needs to keep
somehow being smart but we didn’t validate for him putting in
effort which is what would keep making him smarter.
The worst thing you can get validated for is being someone that
always makes the right decision. Because then, all of a sudden,
you have this pressure on you that, oh God, I've only got to
make the right decisions.
No, don't worry. It's not about making the right decisions. It's
about making decisions right. And how do you make decisions
right? Quick and decisive. It doesn't matter if it's right. It doesn't
matter if it's wrong. It's just that we simply make decisions in our
lives. And if it doesn't work, then, shit. Because we're moving so
quick, we're moving so fast, we can always go back and try
another door if need be.
Dan Pena said, “I may be wrong, but I'm never in doubt.” Pena
would always say stuff like “I make fucking decisions, that’s it.
Sometimes I'm right, sometimes I'm wrong, but I make fucking
decisions for myself. That's why they pay me the big bucks.”
And every decision, by the way, has some benefit in it. If I make
the wrong decision, well listen, only a low-status duck wouldn't
learn from that, right? And thank God, I'm not a low-status duck,
so I'm gonna learn from it.
The last thing I just want to wrap up with here is letting you
know that I'm certainly not perfect at all. There's definitely
decisions I'm putting off in my own life, right now, too, 100%.
But the minute we make that decision, right or wrong, it doesn't
matter, that's the minute the life comes back to us. It's the
minute the power comes back to us. That's the minute the
energy comes back to us. We're back in control of our destiny, of
our lives. So those moments where my heart is pounding, it’s
telling me one thing but my head is telling me another, those are
the best moments where you cut through…and you make that
decision for yourself, and you say, “I'm going for it, this is what
I'm doing,” and you commit to it.
Because a real decision is when you cut off the possibility of
anything else. You say, “I’m here on my path, this is my life, this
is what I’m doing, this is where I'm going.”
When your heart is pounding and you're not sure, but you do it
anyways, those are the best times. You'll look back on those as
those defining moments in your life where you chose yourself.
So if anyone in this room is struggling with a big decision or
anything like that, I wish you the total awesome frightfulness of
having to make that decision, and then just fucking doing it.