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Network Training Tip #1: Stop Chasing People!

Written by Cody
October 22nd, 2009

If you’re like most young entrepreneurs, if you’re like me, you’ve chased some people around before. You like what you have to offer and you believe in working for yourself, so naturally you want others, especially family and friends to feel the same way.

Well, stop.

Amateurs “sell”, Pros “sort”. Amateurs try and convince people of why they ought to purchase their products, invest in their company or start up with them, while professionals walk right by.

Why do pros sort? Sorting is much easier than selling. I don’t have to convince anyone of anything. I simply share the information with them if they’re “open for more information”. Practice that phrase, “Are you open for more information?” If they are, give them some, not too much but just enough to satisfy them. If they aren’t interested, Rejoice! You’re one person closer to someone who is interested. Move on and stop bugging the same people time and time again.

Some of you know exactly what I’m talking about, you’ve stalked people around like Godzilla, you’re the person they pretend not to be home for! Knock it off! Most of the people you’re trying to convince to do something wouldn’t be any good as an entrepreneur (or they wouldn’t enjoy your product) anyway. So leave them alone and start looking for people who are interested.

The reality is, out there, somewhere, there is someone who is looking for exactly what you have to offer. Your job is to find them and give them more information. That is, if they are open for more information.

Marketing is a numbers game. Expose as many people as possible to your business and sooner or later someone will be interested – it’s the law of averages and it works, every time. It’s all a matter of “sooner or later”. Just keep going, keep working, keep promoting and keep believing.

Everyone has a number. This is not a magic number but a very practical number. You see, everyone has an exact number of people that they need to talk to in order to reach their income goals. For you it may be 1,000 people, for some it may be 1,000,000. It all depends on how big you dream and… chance. Yep, dumb luck. No one knows what their number is until after the fact. So keep count and let me know what your number is once you’ve achieved your dreams.

Looking for a network of young entrepreneurs to link up with? You can start your very own company for just $99. So shoot me an email if you’re… open for more information. ;) cody@retirebefore25.com

Cheers,
Cody

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Pictures from My Honeymoon!

Written by Cody
October 20th, 2009

Hey there, sorry I haven’t updated in awhile,  I have been settling into married life with my beautiful wife, Chela! We went honeymooning in Pennsylvania. (We stayed two nights in town at the Gaylord Texan in Grapevine beforehand.)

Here are some pictures! Enjoy!

I’ll be making updates regularly again. (Hopefully! The wife comes first now!)

You know you liked it :D

Cheers,
Cody
cody@retirebefore25.com

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Lessons from Heroes: Character Development

Written by Cody
October 6th, 2009

I watch Heroes on NBC. As a matter of fact it is one of my favorite TV shows. (One of the only ones I’ll watch all season long.)

And Heroes had a lot to teach me last night.

(If you’ve never watched the show before don’t worry, I’ll explain everything you need to know.)

Last night’s episode focused on Hiro Nakamura, one of the central characters on Heroes. Hiro can “bend space and time”. He is able to slow everything down or freeze time itself; He can teleport through time as well. Hiro wants to use his powers for good, so He begins a service called, “Dial-a-Hero”, and in this week’s episode he receives a disturbing phone call from a man named, “Tadashi”.

Tadashi is going to jump. He is humiliated, he has dishonored his entire family. Suicide is the only way that he can see out of this mess. You see, Tadashi has done something that most of us have wanted to try at one point or another. He has photocopied his butt. Of course his butt-copy became famous around the office and before long he was fired from Nakamura Industries.

Hiro, wanting to make things right decides that he will go back in time and stop Tadashi from photocopying his butt. If Tadashi had never done this, Hiro thinks, he would not have lost his job, and if he had not lost his job he would not be standing on the ledge of a very tall building threatening suicide right now. Simple, right? Easy, right?

Wrong.

Hiro returns to the “new future”, the one where Tadashi was prevented from photocopying his butt. Mission accomplshed. Good job, Hiro. Suddenly the phone rings, it’s Tadashi, he’s on the ledge again. It seems that although Hiro prevented Tadashi from photocopying his butt the first time, Tadashi still managed to find the time to sit his bottom on the scanbed and press, “Start.”

As the episode continues we learn that Hiro attempts to stop Tadashi from copying his butt a total of 47 times. Each time Hiro saves him from making this mistake he finds another way to make it happen. It’s as if he is bent on photocopying his butt, no matter what.

But that isn’t the real issue here. The real issue here is that Tadashi was prevented from learning from his mistakes. Of course he is going to photocopy his butt! He wanted to the first time and since he does not have the experience of the consequences of that action he is going to continue to plot that course for his life.

Experience builds character. Sometimes God lets us go through things, horrible things even, so that we learn from our own mistakes and establish stronger character. God is not responsible for you photocopying your butt and getting fired from your job! But oh how many souls will stand upon the ledge of life and blame him for all their own problems.  God wants to  help you grow in character through your successes as well as through your failures. Each experience (the good and the bad) is important in your journey towards success.

Instead of wallowing in self-pity take a quick look around. What could you learn from this circumstance? What might God want to reveal to you through this experience? It doesn’t matter what your circumstance is and it doesn’t matter whether it is easy or difficult, simple or complex, good or bad. What is going on in your life right now and what can you learn from it?

So, the next time you photocopy your butt, don’t worry about it! You have an opportunity to learn from your mistakes and help others along the way. Don’t you bet that Tadashi wishes someone had come to him and said, “Tadashi! Do not photocopy your butt! I tried that once and lost my job…”?

“Embrace adversity and you will rise above it,  fear adversity and you will sink beneath it.”

Cheers,
Cody Miller
214-682-5331
cody@retirebefore25.com

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What is Residual Income, Anyway?

Written by Cody
October 1st, 2009

Part 1: Basic Principles

What is Residual Income? Residual Income is income that continues to come in month after month, year after year, even decade after decade in certain circumstances, whether you work or not.

How is it possible? Residual Income works in business models where the customer “subscribes” to or “enrolls” in a product or program on a weekly, monthly or annual basis. (Example: Cable TV, Magazines, Lawn Service, Health Insurance, Electricity, Cell Phone Service, etc.) The customer enjoys these services on a “subscription” basis and someone is getting paid for it.

How Can I Get Some? You can get a type of residual income any number of different ways. The key is that you need some sort of service or product to offer the consumer. This product or service needs to be something that the consumer truly “needs” or greatly desires every single month / year. It needs to be of value to the consumer and it needs to be priced competitively.

The best way (in my opinion) to get started on your way to residual income is to find an established company with necessary and/or otherwise useful products for you to market. This way you don’t need to maintain anything, you’ll simply take your “cut” for having marketed the product. The third party vendors are the ones who will be responsible for rendering services / sending products to the consumer, etc. This is what is known as a residual commission. You do the work one time and the corporation or company will pay you residually. (Read: Indefinitely, until the customer cancels the service / subscription.)

Part 2: Leverage

The Power of Leverage - Wrench

Now that you understand the basics let’s get into some of the deeper concepts regarding the power of Residual Commissions.

I was working on my car the other day, I needed to change some brake pads. To do this I had to remove my wheels, which meant unscrewing the lug nuts. The thing about lug nuts is – they’re on there pretty tight. (And for good reason, these are the things that keep your wheels from just falling off while you drive!)

This would have been a tough task with a standard ratchet – as a matter of fact I attempted it with a regular old ratchet and it hardly worked. So, I went out to Autozone and grabbed myself what’s known as a “breaker bar”. A breaker bar is nothing fancy; it is a long bar with a tip like that of a ratchet on the end. You can attach whatever socket you need and simply go to work.

With the breaker bar I was able to remove the wheels in no time. It took minimal effort on my part and after everything was done I was able to safely and efficiently tighten everything back up. (So my wheels won’t fall as I drive away – as mentioned earlier.)

Please do not miss this point – leverage makes things easier. Network Marketing employs leverage within its business structure. How many products do you think you can market every month? 1? 3? 10? With Network Marketing you don’t need to market hundreds of products personally to see results. You market a few and then you find other people to market a few and they find a few to market a few and soon enough the few become the many and soon enough you have a substantial residual income flowing into your bank account every single week, month and year.

For more specifics I’d encourage you to contact me directly via email or phone. I would love to spend some time with you discussing these principles.

Cheers,
Cody Miller
214-682-5331
cody@retirebefore25.com

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  1. [...] Since you found this how-to article I’m assuming you already know what Residual Income is. If you’re not so sure then take a quick look at my explanation in the article, “What is Residual Income, Anyway?” [...]

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Fundraising for Baptist Mission Trips

Written by Cody
September 9th, 2009

As you may know, my (soon-to-be) wife and I are Christians. We also feel called to full-time ministry, possibly working overseas teaching English or maybe even translating the Bible into some obscure language. We don’t really know. But what we do know is that we are called to GO and we need to start fundraising now so that we can be a part of whatever God wants us to do in the future.

This is one of the biggest reasons why I’m working a full-time job at the church and working my personal business as an entrepreneur an additional 20 hours a week on the side.

While owning your own business isn’t right for everyone, it can be a powerful fundraising tool. The type of income you will generate with our company will continue to pay you every single month, even if you’re overseas somewhere in a tiny hut or jungle.

There is no required cost to stay in business, either, which is another thing we like about being in business for ourselves. We have some monthly expenses now that are related to our business (like websites) but as soon as we find ourselves overseas we can eliminate those expenses and simply enjoy God’s work without being financially stressed.

Lastly, (this is seriously one of my favorite things) we have one product in particular (electricity service) that is FREE to sign-up for and saves people money. So if our friends and family can’t afford a “donation” every month to support our efforts we can ask them to see how much they’re paying for electricity. If our service is cheaper (which it usually is) they may be willing to switch to our company and support us in this way. They save and we get funded! Does it get any better than that?

If you’re interested in fundraising for Christian missions work then give us a c all at: 214.682.5331 or ask how you can support our work by switching your electricity service to us. It is 100% FREE and will usually save you quite abit of money. (We don’t want you to switch to us if it ends up costing you more.)

Cheers,
Cody Miller
214.682.5331
cody@retirebefore25.com

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Are Most Entrepreneurs Young People?

Written by Cody
August 27th, 2009

Are most entrepreneurs young people? While I couldn’t find any exact demographic statistics to answer this question, I did find an interesting one:

“70.9% of teens say they are interested in becoming entrepreneurs; up from 64% in 2004.”
- Junior Achievement Worldwide, August 2006

Wow! Almost 3/4 of all teenagers say they want to become entrepreneurs. Now, certainly this statistic covers a wide range of entrepreneurship – from restaurants and bed and breakfasts to hair salons and online advertising. These teens may want to open up their own dance or recording studio, television station or car company. And of course we can’t forget that of this 70.9% we are unaware of exactly how many go on to actually achieve or attempt business for themselves.

Here’s an even more interesting and revealing statistic:

“When asked, “What age do you think it would be too late to start your own business?” 60% responded “never too old.”
- Yahoo! Small Business/Harris Interactive, April 2006

And I agree. No matter how old you are it is never too late to begin doing something you love and making a financial investment towards your future. I always tell people, “being an entrepreneur is not right for everyone”, but it’s never too late.

Some may worry that they won’t have the skills or presence to succeed amidst a market of “young guns” but the truth is, going into business for yourself actually levels the playing field. See, in a traditional business setting you have to worry about being replaced by the “new guy”, the “young gun” or the “up and comer”. But when you own your own business, you’re the CEO, you’re the “head dog”, you’re the “big guy”, you’re the “boss” and you aren’t going to fire you, are you?

Entrepreneurship levels the playing field between genders, races and age. It’s the beauty of Capitalism! It’s the freedom of America and it may be right for you.

If you’d like more information on becoming an entrepreneur please call Cody at: 214-682-5331 or email me directly at: cody@retirebefore25.com

Cheers,
Cody Miller

P.S. It’s never too late to get started. Follow your heart.

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