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Now displaying: 2020
Apr 3, 2020

Dr. Dung Trinh is here again to talk about something that is on everybody's mind, the coronavirus or COVID-19 outbreak. Some of you may remember Dr. Trinh from previous shows where he talked about clinical studies on cannabis and his medical missionary non-profit and his work around the world and in Vietnam. Dr. Trinh is a physician in Orange County. He immigrated to the US as a child and has never stopped learning or giving back. 

I’m happy to have him here today to answer questions about coronavirus or COVID -19 in this highly fluid situation. He shares what it actually is and what the main symptoms usually are. We also talk about theories about the spread, and he shares statistics from previous flu outbreaks which might be useful in trying to gauge the scale of this pandemic. We also talk about the stock market a bit. Everything is changing rapidly and all of the information we share is for educational purposes. 

You can find Dr. Dung Trinh here:

Ask Loral

Show Notes:

  • [01:33] Dr. Trinh is a physician in Orange County. He also has a nonprofit called TongueOut. He takes doctors, students, and volunteers around the world to do medical missionary type work. 
  • [01:52] Last year, they were in Vietnam twice and Haiti, Peru, and Oaxaca Mexico.
  • [02:11] He was supposed to be in Vietnam this month, but the coronavirus threw a wrench in his plans. 
  • [03:16] SARs and MERs were both a coronavirus. So is the common cold. COVID-19 usually lives in wild animals like bats and rats. It must have mutated to live in human hosts. 
  • [05:03] There is an 85% correlation between coronavirus DNA in humans and bats. The mutations are probably in that 15% difference that allows it to infect humans.
  • [05:34] The theory is that it came from a wild animal market in Wuhan. That's why people believe that it came from that market and mutated from bats.
  • [06:24] There is also a biological weapon theory from a research facility in Wuhan. These are all just theories, but there is a level 4 lab in Wuhan.
  • [07:34] Symptoms are similar to the flu. They include fever, cough, and shortness of breath. The incubation period is from 2 days to 14 days.
  • [08:42] You don't know you have coronavirus until you start having symptoms. This is why it's so hard to contain.
  • [09:22] This is really hard to contain because of the 14-day incubation period.
  • [09:53] Viral pneumonia can be caused by the coronavirus.
  • [10:12] The flu virus has infected at least 30 something million Americans this year. Over a hundred thousand of those needed hospitalization. From that group there was up to 15 to 18 thousand deaths. People don't realize that the regular flu has killed that many people already.
  • [12:11] There isn't a lot of sore throat with the coronavirus, but it's not black and white.
  • [12:57] The death rate for the flu is one in 1,000. The death rate for coronavirus is much higher.
  • [14:03] Older patients and patients with chronic health conditions are at the most risk.
  • [15:17] It's spread by droplets from infected people and their hands. 
  • [16:52] The scary part is that it's more contagious and spreading at a faster rate than the flu.
  • [17:30] 80% affected only have a mild case and can be treated at home.
  • [18:04] The big deal is that 20% will need hospitalization and 5% will need to be in ICU. Hospital bed shortages are an issue. 
  • [20:41] The stock market is driven by fear. Dr. Trinh isn't optimistic for the short term if this breaks out in major cities.

Links and Resources:

Ask Loral App
TongueOut
Dr. Dung Trinh on LinkedIn
Episode 150: Giving Back and Discovering Opportunity in Vietnam With Dr. Trihn

Apr 2, 2020

We continue our discussion about things you need to know during these times of uncertainty and the COVID-19 outbreak. This is the third part of our discussion, and we are going to get some of your questions answered by our expert panel. We discuss some of the questions that are on everyone’s mind like how to prepare for situations like this. 

We talk about asking what you want and finding the courage to take action and better your results. This is a time to learn and reassess your plans. We hope that we can give you some food for thought for your future direction. It’s all about setting yourself up to thrive. We want you to get your expenses in order and develop a plan that works for you.

You can find our panel here:

Ask Loral

Show Notes:

  • [01:45] People are looking for what the best ways to prepare for something like this would be.
  • [02:48] If you have a self-directed account you can make very smart decisions using a tool like iFlip. 
  • [04:06] There are a variety of things you could do including looking at group real estate investments.
  • [04:48] As a landlord, you can look at creative payments and how to restructure so your tenant will be able to stay.
  • [07:15] Ask what you want and don't be paralyzed by fear.
  • [09:25] Think about who would be a better steward of your 401k you or your employer.
  • [10:00] If you work for a large corporation and have a 401k, there's really not anything you can do. The corporation or the plan decides where the money will go. 
  • [10:19] Self-employed people have more say about their money and things like self-directed accounts. 
  • [11:21] You can set up the accounts, so that they are ready when it's time to act. 
  • [12:22] At the end of the day, ask what do you want and who you want to be? 
  • [15:17] It's our job to help you think about what your options are.
  • [17:08] You can listen to Eric Wilner on The Real Estate show
  • [18:09] Intention is Eileen's word of the year.
  • [18:42] Don't Panic. Have courage, and it's a good time to get started.
  • [19:32] You can hear more in Millionaires in Training Facebook Group.
  • [21:16] It would be a disservice if we didn't extend this invitation to give and help you.

Links and Resources:

Ask Loral App
Millionaires in Training Facebook Group
iFlip
The Real Estate Show on Automatic Landlord

Mar 26, 2020

We continue our discussion about things you need to know during these uncertain times during the COVID-19 Pandemic. Randy Tate the CEO of iFlip is here and continues talking about how the economy is taking a hit and why he thinks it should be a short term hit. Then our credit card specialist talks about how important it is to know your balance sheet and other important information. She talks about taking a solid picture of your credit world and making it work for your family. 

We also answer your questions. We share education about commodities like gold, silver, and oil. The difference between trading algorithms and AI. Then we answer people's questions about what is happening in the real estate market. This is our platform where we share information and education about what is happening in the world today. 

You can find our panel here:

Ask Loral

Show Notes:

  • [01:18] According to Randy, the economy was humming along really well before this happened. The recovery shouldn't take as long as it did in 2007 and 2008.
  • [01:51] People with an online presence won't be hit as much. Amazon seems to be going up.
  • [02:06] People who are prepared aren't going to have as difficult of a transition.
  • [05:45] It's a really good idea to know your numbers and your balance sheet.
  • [06:25] Understand what it is you are actually paying for your credit card. Statistics say that 46% of Americans pay off their credit card in full.
  • [06:55] Once you have your spreadsheet with all of your information call the credit card company, because they want to work with you.
  • [07:52] You can ask about increasing your limit, deferring a payment, or lowering interest rates.
  • [10:46] Robotic traders are just mathematical algorithms. AI is more accurate in predicting big downturns.
  • [16:46] Tim and Eric are here to talk about the real estate market. 
  • [17:39] The Boise market still has high demand. Real estate is about being in the right area. People are still going to need homes and places to live.
  • [22:48] The Florida market is coming off of a hot market and should be able to recover. Properties seem to be holding value. Stop and have some discipline. 
  • [25:00] Interest rates are incredible right now.
  • [26:03] There are creative ideas for real estate like people forming a group or taking over someone's loan. You can create any kind of deal you can imagine.
  • [27:43] Our panel talks about being prudent with rental decisions. 
  • [30:17] We discuss factors that determine your credit score when it is time to refinance. We also touch on using other people's money and being creative.
  • [33:27] It's important to test your information against a lot of different things.
  • [34:22] It's also a good idea to be very aware of scammers.
  • [37:02] Have a strategy don't jump from tactic tactic.
  • [37:48] The panel discusses creative income ideas.

Links and Resources:

Ask Loral App
Millionaires in Training Facebook Group
iFlip

 

 

Mar 24, 2020

I have a panel of guests here to share our collective knowledge in these uncertain times. We will be talking about the current state of the economy and share our collective knowledge on how we can all get through it. We aren’t asking anything. We are here to help you and share knowledge and expertise that may be helpful. We would also like to give you access to our Facebook group to continue the educational conversation. 

We understand that there is a lot of fear out there, and there are different stages of fear. One of the fears that many people have is the fear of immediate survival. Things like getting your next paycheck while you're on lock down and having enough supplies all of these are weighing on people's minds. We are also going to talk to people who are prepared, but have fear of losing their wealth. We are also going to educate you, help you remain calm, and make a plan. 

You can find our panel here:

Ask Loral

Show Notes:

  • [04:35] Randy Tate is the CEO of iFlip which is AI stock market software. It's an AI stock managing platform. 
  • [05:33] It's not just the stock market that's affected right now. It's all business and real estate. We need to solve this from a big perspective. All facets of wealth need to be addressed and thought about.
  • [06:04] Randy has done speaking and training with Loral all over the world.
  • [06:20] Adam is an expert in business and marketing and planning. Fix your marketing, planning, and how you can support your clients better. 
  • [09:42] If you're laid off, welcome to being an entrepreneur. Lean in and learn.
  • [12:43] iFlip is designed to use AI to predict downturns and get people out to avoid the big drops. This is better than just leaving your money there. They have a mobile app.
  • [13:34] Kelly Korshak is the iFlip CTO he went to Stanford and has a degree in mathematics. 
  • [14:19] According to Kelly, this is a crash and a financial crisis caused by a virus. There is fear. 
  • [15:41] We are in a different world and no one could have predicted it. This is also an opportunity. Opportunity comes when there is fear to take that chance. 
  • [16:48] Amazon went up, and they're going to hire a hundred thousand workers. 
  • [17:07] Everyone should make a financial plan to see how much money they can put aside to be able to make even a small investment in the market. This is the time to look to buy. The market is probably a bargain, even though it might give you pain when you first buy it.
  • [18:03] There is panic right now. There is also a huge opportunity when people panic.
  • [18:41] Stick with stocks that you understand.
  • [24:26] Weldon is talking about tax guidelines. So far we have a 90 day delay. That can be part of our planning as far as payments due. 
  • [27:21] There should be a stimulus package sent to taxpayers too. As of this recording, it is still being hashed out. This is an opportunity to prepare. 
  • [30:14] It's a good idea to find out what your numbers are and make payments accordingly.

Links and Resources:

Ask Loral App
Millionaires in Training Facebook Group
iFlip
Reminiscences of a Stock Operator

Mar 5, 2020

Ron Couming is a Search Engine Optimization SEO expert and digital marketer. He specializes in optimizing websites so that when people search for a search term, related to a website, that website will show up near the top of the search results. He has over 20 years experience in the tech world. He started out in IT managed services then moved to web optimization and SEO. 

We start from the beginning and Ron shares what SEO is and why it matters. We talk about search terms and search engines like Google. He also explains what a backlink is and why it’s important. He also shares some optimization tips like creating a sitemap and submitting it to Google. We also talk about how to get reviews noticed in search results. This show is a great introduction for anyone interested in SEO. 

You can find Ron here:

Ron Couming on LinkedIn
Text Loral to (978)393-3545 to get Ron's video series
Internet marketing and Business Solutions with Ronald Couming
Ask Loral
Call for your strategy session 775-588-9200

Show Notes:

  • [01:55] Ron started working in the tech world over 20 years ago. He used to work in managed services helping companies with their it.
  • [02:40] He started noticing that everything was going mobile. He thought the world of managed services and break and fix was on the way out.
  • [03:19] He made a switch to online marketing, social media, website optimization, email marketing, and funnels. Then he moved exclusively to SEO and online marketing.
  • [04:06] Affiliate marketing is when you promote other products or services and get a commission when people purchase them.
  • [06:07] Google owns YouTube. Pinterest and Amazon are also huge. Google has an algorithm made out of code. It takes a lot of things into a count to decide who to rank.
  • [07:20] Make sure your on-page SEO is done correctly. If the search engines don't know what your page is about they can't index you.
  • [08:17]  Make sure you have a sitemap and submit it to search engines. A website analysis will tell you everything that's deficient on your website.
  • [09:02] You could use the Yoast plugin to create a sitemap. It will create the sitemap for you, but you also have to submit it to the search engines.
  • [10:25] SEO is search engine optimization. It's the process of optimizing your website so that search engines can crawl it correctly and send you traffic.
  • [11:14] Websites linking back to your site is a vote of confidence for your site. These are called backlinks. You want quality backlinks that lead to a quality site.
  • [15:11] Appropriate SEO will help you attract many more customers and clients who are looking for your solution. Awareness creates opportunity.
  • [16:02] Organic SEO costs less, and you actually own it. Pay-per-click is like an auction. skip past ads and go to organic results. You want to be on the first page organically and in the top three results.
  • [18:30] The ads are at the beginning of the search results and it says ad before the ad.
  • [19:39] Have your testimonials posted on your site as a separate page and then submit each page to Google through analytics. If the person posts their testimonial on their site, they can link back to you and create a backlink. 
  • [23:14] Stick to the fundamentals and don't game the system. 
  • [24:55] Text Loral to (978)393-3545 to get Ron's video series. 
  • [25:39] Download the Ask Loral App.

Links and Resources:

Yoast
Ask Loral App

Feb 20, 2020

You get a two-for-one on this episode. In the first half of the show, I am talking to a business owner and Idaho investor named Rod Myers. Rod is the CEO of Invest Idaho which is an EB-5 Regional Center. If you aren’t familiar with the EB-5 program, it’s a program that allows foreign nationals along with their spouses and unmarried children under 21 years old to obtain visas or green cards by investing in businesses in the US. 

This is a government program that has requirements and regulations. These investments are accepted through EB-5 Regional Centers which have been approved by the USCIS. The for-profit enterprises that these foreign nationals invest in must create or retain a specified number of jobs. Rod breaks down the numbers and what a targeted employment area is. He also talks about legal and administrative fees. He shares the benefits of getting green card status for these families and how they might go about it. 

Then I pick up the second half of the show with Tim. Tim is an Idaho investor, and he talks about how things are booming in Idaho and why someone would want to live or invest there. He also shares a little bit about the beauty of Idaho and some of his best investment opportunities.  

You can find Rod or Tim here:

Ask Loral
BLITZ Your Wealth Plan!
Call for your strategy session 775-588-9200

Show Notes:

  • [01:08] Rod Myer knew some Idaho investors and ended up purchasing an EB-5 Regional Center from one of them. 
  • [02:00] USCIS does background checks on people who are organizing regional centers. Then you find qualified projects to sell overseas and deliver for investors.
  • [02:42] The EB-5 program has been around for several years. The real purpose behind it is to provide another option for foreign investors to come into the US and receive their green card. The green card is also good for any children under the age of 21.
  • [03:08] The real purpose is the green card. In some cases it may be investment and the green card.
  • [03:47] Rod and his team vet the project. Then they talk to brokers who work out overseas relationships. They have to be accredited investors with a net worth over $1,000,000. They also have to have an income of $200 to $300 thousand over the last couple of years.
  • [04:28] The investor looks at the project PPM and then the investment is a $900,000 investment or a$1.8 million investment. 
  • [04:50] To qualify for a TEA or targeted employment area, the project must be in an area where the unemployment rate is 150% of the national average. It's designed to help out areas that are struggling.
  • [05:21] The way unemployment rates are running in the US the 1.8 million investment seems more likely.
  • [07:02] Administrative fees can also range from $30,000 to $100,000. There are also legal fees between $15,000 and $30,000.
  • [08:09] We are currently working on a geothermal project and starting an organic farm.
  • [08:59] The investments are typically five to seven years. There is usually around a 1% return. 
  • [10:00] Having a green card allows people to come to the US as often as they like, and their children can attend school here. It's also a gateway to permanent residency.
  • [11:05] Every investor needs to create 10 full-time jobs. There is a calculation for this as part of the PPM.
  • [13:39] Tim is here to talk about Idaho investments. Boise is the fastest growing city in the country. Idaho's the fastest growing state in the country.
  • [13:46] People are coming from all over, and they have 36% growth.
  • [14:04] It's crazy to be in a demand market like this. There are people staying in hotels and RVs waiting for houses to come on the market.
  • [15:09] The big Exodus out of California is causing a lot of the growth in Idaho. A lot of businesses and industries are also coming into the state.
  • [15:41] They are getting at least 70,000 new jobs a year not counting the upcoming Amazon business.
  • [16:00] Median house prices are around $375,000. They have a huge green belt and parks that are really nice. Boise Downtown has a lot of culture.
  • [16:35] There are also beautiful mountains, lakes, and rivers. It's a great place for beauty and quality of life.
  • [17:08] They're working on some opportunity zone single family properties that would be good for EB-5 investors. As well as assisted care living investments.
  • [17:36] EB-5 would be great with any of the projects that they are working on. Tim's favorite projects are the multi-family units they are working on right now.
  • [18:37] They are also building a community for the 55 plus age group. This is a place where the residents can be a part of the community and be proud to live there. 

Links and Resources:

Invest Idaho
Rod Myer on LinkedIn

Feb 13, 2020

Jennifer Beale is a friend of mine and a powerful influencer in the Toronto business world. She is also a millionaire. Today, we are talking about things that can get in the way of women when it comes to business and ways to overcome these things. This also applies to men who want to help change the business trajectory of the women in their lives or their own business trajectory. Jennifer talks about how using our systems helped her become a millionaire, but not until she started to believe differently and think differently. 

She shares how having a morning routine and setting her intention on what she wants to complete allows her to accomplish more in only five hours of working. We also talk about the three things women need for a supercharged feminine space. Jennifer is an expert networker, and she shares how entrepreneurship isn’t a separate part of her life. She talks about how to get the most out of meetings and events by building a hub of people who support you and your business. 

You can find Jennifer here:

Ask Loral
BLITZ Your Wealth Plan!
Call for your strategy session 775-588-9200

Show Notes:

  • [00:55] Jennifer Beale is a powerful influencer in Toronto. She's a big connector in the Toronto market. She speaks to women in business and things that can get in their way. 
  • [01:23] Jennifer is going to talk about helping women be more empowered in their lives and business. 
  • [01:42] Jennifer became a millionaire using our systems. 
  • [02:07] Jennifer just surpassed the million mark. She didn't think this was possible. Loral was a huge help to her. It took Jennifer awhile to put everything into place, but she did. 
  • [03:00] Things changed for Jennifer when she saw people who wanted her to be successful. She started to believe differently and make different decisions. 
  • [04:27] Jennifer has always had a routine. She changed it after meeting Loral. She gets up at ten to six and makes her bed. Then she sets her mindset for the day. Everything is about completion. She eats well, goes to the gym, and takes really good care of herself. 
  • [05:20] She also has an afternoon ritual to get her energy back up. 
  • [05:37] She does what she wants in the evening. Then she has a bedtime ritual to unwind. 
  • [06:03] The three things women need for a supercharged feminine space. We must have serenity and harmony with the people in our lives. It's critical to find ways to become serene again. 
  • [07:06] We need things to fill us up. We need to have the energy to do the things we want to do. Do things that make us feel strong. We must be connected and have great people in our lives and a spiritual connection. We need to be serene, strong, and connected. 
  • [08:36] We need a money making machine. Jennifer's money making machine has a seven figure potential.
  • [09:12] Your business must serve you. You are not a slave to your business. We need to be master's of our business not slaves to our business.
  • [10:04] Focus on things that have the potential to make you the type of money you want to make. 
  • [10:55] It's important to be clear about what you want and what you want your life to look like. It's important to learn how to say no.
  • [11:56] Women experience fragmentation more than men. Defrag or find convergence in your life. Your calling and your social life can overlap. 
  • [12:46] Creativity is something inside Jennifer that needs to be satisfied. She gets creative in business. 
  • [13:35] Entrepreneurs have a life. Bring everything together to clear the clutter. 
  • [14:37] One integrated life clears things.
  • [15:05] Jennifer has been networking for 18 years. A hub is filled with people who support you and your business like your clients, partners and collaborators. People who care.
  • [17:42] Women must nurture each other and come together to help each other. 
  • [19:45] Jennifer goes to events to find people to go in her hub. She talks with people about who they are and what they want. When they tell her what they want, she tells them she can help them get it.
  • [22:04] Most people have ideas not deals.
  • [22:55] Jennifer has a process for deals. She's good at finding fire not smoke. She wants business now.  There has to be something tangible there.
  • [25:13] Learn what a great person is and go out and get as many of those in your life as possible. Build a community or hub of these people around you. 

Links and Resources:

Ask Loral
Jennifer Beale to book a call about the Toronto business market

 

Feb 6, 2020

What do professional athletes do when they are done playing? Some become entrepreneurs, write books, or start a nonprofit organization or a training camp or clinic for youth or others. Some have the fame and fortune to do anything they want, but not all pro athletes leave their sport wealthy. Kandi Conda worked in PR, marketing, branding, and entrepreneurship when she noticed that many athletes had a gap when it came to playing pro sports and working afterwards. After owning a professional women’s basketball team and seeing the struggles some of the players had after they stopped playing, she knew she could help. 

Kandi started Life After Sports where she helps athletes with branding, PR, getting that book written, or with whatever she can help them with as a consultant. She is particularly proud of the Life After Sports app which features game schedules, snippets from pro athletes called Behind the Ball, and connects former athletes and businesses. We talk about sports, business, helping athletes, making money, and her upcoming Workshop Series. 

You can find Kandi here:

Ask Loral
BLITZ Your Wealth Plan!
Call for your strategy session 775-588-9200

Show Notes:

  • [02:14] In the 90s, Kandi did PR for a sports team. She has also written or ghostwritten 15 books. She also had a sports magazine called Super Fans. She was doing branding and PR for a women's basketball team.
  • [03:02] She helped them with an opportunity to become Chicago's first pro women's basketball team. Kandi ended up purchasing the team. 
  • [03:44] Kandi played soccer in the Air Force. 
  • [03:51] After purchasing the team, they did their first press conference at Michael Jordan's Restaurant.
  • [04:06] She owned the women's basketball team for about two-and-a-half years.
  • [04:31] Later on she reached out to the players and discovered that they needed help with financial PR and branding.
  • [05:01] She turned this into a business and helps former pro athletes and their relatives with writing books and branding. 
  • [05:31] They even had an NBA Mom's Panel. 
  • [05:52] They have an educational forum that features players and families. They help with camps and sell sponsorship. They have a unique business model. 
  • [07:15] Kandi's ideal client is someone who has finished their sports career and knows what they want to do, but needs help getting there.
  • [07:57] So many athletes have untapped talents and gifts. They don't all have to be financial planners or run a nonprofit camp or clinic. 
  • [10:18] Kandi makes money depending on what she does. It can range to writing, full on marketing, or consulting. 
  • [12:29] Kandi also has an app. 
  • [14:07] The app has all of the sports League schedules. It also has the Behind the Ball series which are snippets from pro athletes for student-athletes. There is also an area for athletes and businesses. 
  • [15:08] In 45 days, they are rolling out a Workshop Series. It will have workshops for athletes at all levels of all sports. Featuring everything from financial planning, legal, health, and more.
  • [15:28] They've been networking with NBA and NFL parent associations to find out what the athletes need. 
  • [16:16] Kandi can do everything in her business. The business won't close down if someone is replaced. 
  • [19:08] The Raiders are moving to Las Vegas. 
  • [20:05] It's a great thing that they are coming to Vegas. Sports are the next viable evolution for the city. 

Links and Resources:

Ask Loral
Life After Sports
Life After Sports App
Life After Sports on Instagram
KC Biz Boss
Kandi Conda on Facebook
Kandi Conda on Twitter

Jan 31, 2020

My good friend and client Eric Carlin is here with the CEO of Wine Ambassador Rory Riccord. One of the ways to earn and keep more of your money is to have a business with a business entity, so you can deduct expenses and generate that all important revenue. Today we are talking about an opportunity to create a cash machine that can generate a great income or be used as an additional cash machine. 

It’s also a way to enjoy the finer things in life and be able to legitimately deduct them as business expenses. Eric and Rory are going to tell us about an opportunity at Wine Ambassador. This is a company that has a complete system to create an income by being a Wine Ambassador. It’s also a great way to enjoy quality fine wines at an affordable or in most cases free way and generate an income while doing so. Direct to consumer wine sales has grown from 3% to 10% in the last four years. 

People love access to high quality wines and love the convenience of having it delivered to their doors. This is a new opportunity that uses a proven system honed over decades to generate leads, profits, and sales. You also get a full education in SEO and other digital marketing techniques, so that you never run out of prospects, leads, people to sell to, opportunities, and money. This is an exciting time to learn all about this great company and industry. 

You can find Eric and Rory here:

Ask Loral
Powerteam International
BLITZ Your Wealth Plan!
Call for your strategy session 775-588-9200

Show Notes:

  • [01:40] Eric lives in Las Vegas and has been part of Loral's community since May of 2017.  
  • [02:08] Rory is the CEO of Wine Ambassador. He's also been a professional internet marketer for 30 years. He also has a revolutionary approach to network marketing.
  • [03:15] Wine Ambassador wines are fine wines without sulfites. 
  • [04:18] As laws that prohibit cross-border wine shipping wind down, opportunity for direct-to-consumer wine has opened up. In four years it has grown from 3.5% to 10%.
  • [05:01] We want stuff delivered to us at a fraction of the price.
  • [05:53] Rory has been an affiliate marketer. He's sharing his experience with this wine ambassador family.
  • [06:26] Wine is a relevant easy to market topic. Wine is just one of those things we care about.
  • [07:10] We have a solution that people want, and we teach it and make it available. We have mechanisms in place and provide paid marketing.
  • [08:02] We have so many marketing legs that it allows us to take somebody with little or no knowledge and apply it in ways that they can create revenue on a regular basis.
  • [09:55] This is a formal company, and you can get a formal entity so you can deduct going wine tasting and any other business expenses.
  • [10:30] It starts with the grape, soil, and weather. The Napa Valley produces amazing wine. We bring high-quality wine to the general public. We eliminate the middleman and bottle it with our own private label.
  • [12:15] We create amazing opportunities to get four bottles of great wine for $100 a month. 
  • [13:41] Eric has also been a professional network marketer for 22 years. We have a lead generation program for when you run out of friends and family. The only way to fail is being lazy or afraid of rejection. 
  • [15:11] Rory has been creating leads for years. Being trained in the system gives you all of the marketing that you need. 
  • [16:18] He has all of the lead capture programs in place. They teach how to be the best affiliate marketer possible. 
  • [17:51] We give you leads to bring in two or three people a week. Then those people bring in two or three people a week and pretty soon you have a huge business.
  • [18:35] Anybody can turn this into a full-time career income.
  • [19:24] Eric says this is a system for the average person to become successful themselves. You never run out of leads to talk to.
  • [19:52] It doesn't take a lot to get to $500 a week. If you're making $500 a week, you're coming from a position of strength.
  • [21:09] We teach SEO and help you get free organic blog traffic. 
  • [21:49] Wine is an opening cash machine that just expands to more. The sooner you get in the more you will learn.
  • [22:50] You can actually duplicate this process over the internet in a home-based industry.
  • [23:51] You don't have to drink to sell wine. 
  • [24:32] You'll learn so much about internet marketing as you begin to learn how to market this product.
  • [27:03] They are expanding and taking these products worldwide. Wine is everywhere.  

Links and Resources:

Ask Loral
Wine Ambassador

Jan 2, 2020

This is one of the best economies I've ever seen. I'm always working to help you maximize your earnings and investments. This episode is about one of the best asset classes you have. That is you, your entrepreneurial venture, and what you're doing to make your business really thrive. To help me do that today, my longtime friend Bill Walsh is here. Bill is an extraordinary marketer who builds big teams. He has a whole company and brand around Powerteams that he is an expert at building.

We talk about how 2020 is the year to make money. We also talk about the three most important things each business needs. We talk about leadership, vision, mission, goals, and sales. Bill touches on the importance of taking the time to build a real business plan that focuses on the mission of customers served. We also talk about the thing that kills most entrepreneurial ventures. It’s called busyville. We also talk about self-doubt. This episode will give you great advice and actionable steps to make your business thrive and not just survive.

You can find Bill here:

Ask Loral
Powerteam International
BLITZ Your Wealth Plan!
Call for your strategy session 775-588-9200

Show Notes:

  • [01:20] Loral and Bill have known each other for at least 15 years. 
  • [02:53] After Bill left school, he became a trader. Then he worked on doing turnarounds where he would just fix businesses. 
  • [03:13] Fixing businesses was always like a game of chess. Did they have the right product, price, and team in place?
  • [03:35] They have been creating events to help entrepreneurs take their ideas from concept to cash generating business. 
  • [03:52] A leader needs to have a clear vision of where a business is going. 
  • [04:10] There needs to be a mission and a process. 
  • [04:31] Goals are really nothing more than a mile marker that moves you closer to the vision.
  • [04:40] Without a great leader, the business will fail. 
  • [05:07] You also have to make sure you have the money to sustain business and the ability to make sales and take credit cards.
  • [07:40] For a business to really thrive, an entrepreneur needs to learn how to delegate, so that they can focus on what is most important.
  • [08:12] Find mentors that have done it. If they haven't lived it, they don't know it. You need to be out in the field with people who build real businesses.
  • [08:37] The real zone is where the entrepreneur wakes up early and goes to bed late. Work 100 hours a week, so that you don't have to work 40.
  • [09:00] Have habits of learning. Hire a coach and transition from employee to entrepreneur. 
  • [09:45] Systems win and people fail. Have a product that's priced to sell and priced for profit. Have a form of lead generation. Without qualified leads you don't have anyone to sell to.
  • [10:24] Become a subject matter expert. You can have a book, website, social media presence, or podcast. Use a free special report for your lead generation special.
  • [10:31] You can make free audio to create a special report to get people to opt in with pure education. 
  • [11:24] Give away great content and let the buyer buy.
  • [11:45] You can use Instagram to get real followers through IGTV.
  • [12:02] You can use Linked Helper to go after executives on LinkedIn.
  • [12:28] You need real qualified leads that go through a mobile optin.
  • [13:00] You can edit video with InShot. Traffic will come when you serve customers.
  • [13:49] Don't be afraid to spend money on good printed material. Also learn how to speak.
  • [14:20] Success for entrepreneurs is being consistently persistent and not waiting for things to happen.
  • [14:54] You also have to make sure that you ask for the sale.
  • [16:08] Start with one tool at a time. Start with G Suite. You could use Design Pickle for graphic design.
  • [17:02] If you're not real tech savvy, find someone on Upwork to help you.
  • [18:45] Your assets can be used in multiple formats.
  • [20:21] Choose the social media platform where your customers live and distribute to the rest.
  • [21:36] Get a good business card and a good postcard and a good corporate brochure. Then follow through if the customer calls.
  • [22:41] Within 4 hours of your potential customers opt-in, they should get a newsletter and an educational five minute video.
  • [23:13] After a text opt-in, give them stuff for free.
  • [24:09] The less you try to force the sale, the easier it becomes.
  • [24:36] Follow up every 2 weeks indefinitely. 
  • [24:53] You always have to be accountable and have daily ratios. 

Links and Resources:

Ask Loral
Anchor
Free Conference Call
99 Design
Pixly
IGTV
Linked Helper
InShot
G Suite
Design Pickle
Upwork
VeeScope

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