3 Free Tips To advertise Your Product For Free Online
Hi, and thanks for watching. Now, if you're really making a killing on Facebook. Making a lot of sales, I don't think there's videos for you. However, if you need to get started, I want to share a couple of tips with you, especially if you don't have money to get started. First tip I want to share with you is go to my profile, scroll down.
Click on this. Purplish. All you need to know about Facebook, this is absolutely 100 percent free course, click on the image. You can click on the link, it will open up in a new window and you will end on a free course. It is absolutely 100 per cent free.
No bullshit. Now, while you're setting up your Facebook profile and you're waiting to get traction, which might take a month or two, perhaps even three, depending on how much time you spend on it, there's another way of getting traffic to your office.
Yes, I agree that there is warm traffic and there is called traffic. But in your instance, sending any traffic is better than sending no traffic. Let me just show you something on the calculator.
If you can send a thousand people to offer. And you can get only 10 percent of them to buy. That is a possible hundred cells now, let's say 10 percent is an extremely high number. Let's work on one percent, so 8000. One positive, it equals 10 possible sales.
So would you agree that if you beaconing to make sales seining, even if it is called traffic, is better than sending no traffic at all? If yes, let me show you how to do this. Go to a site called Easybeats for you, dot com. Open up your account, obviously, you need to verify your email address, log back into your account. And what you need to do is spend a little bit of time, not you would have to earn credit and one credit equals one customer to be sent to your office.
Now, I know you're thinking a thousand seems out of this world.
Let me just show you something a. If you take 1000 and you divide that by 30 days in the math. There is only three per day. Only 30 credits per day is fairly simple.
You have two options. Option number one is you can click on offers. There you have options to review websites. Five credits with for every one of you, so you actually need to do six, seven and you are covered for the day, all you need to do is click on the review. Give it a sec to load, you would be asked to review the website.
Scroll down and click on New Review and you can type in literally anything. Seems great. Ed, you reviewed. Five kids have been added. Simple as that option number two is you can start surfing.
They can start surfing. You will notice this green little bar running, that is how long you actually need to view the website.
Thanks a couple of seconds, but once the ball is completed. You will notice a little window popping up here and all that you need to do is look for two images that match and click on any one of them. I've earned one point five credits and the little bastards training automatically.
Simple as that. Once you've earned enough credits, just click on your account. Now, all that you need to do is go to Fenner's. And you can go to Canada, create yourself a free banner, or you can search on Google for a banner, the SARS's for six eight by 60, which you can then upload and you can just follow the instructions.
And by all means, if you get stuck, please reach out to me via messenger.
And I will gladly make you the short video on how this works. I don't want to take up too much of your time, and in this way you can send a thousand customers a month to your offer and possibly get a cell. Not my third and final tip. Is if you are beginning to get comments on your post. Most of the people that are on Facebook.
Or it may say more of the professional people on Facebook.
Once you've commented or taken the time to comment on one of the posts, you will notice that they will reach out and comment back on your post. Which is a great way of building relationships on Facebook and getting comments..
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Sunday, May 8, 2022
Saturday, May 7, 2022
How To Create A Market For Your Product
How To Create A Market For Your Product
How to create a market for your product? Do you may have a product and you're like I need to create a market for it so there's 2 options. The first is to take the statistically proven 10-year grueling journey to create a market or just take the shortcut that I'm about to teach you inside this video. Let's dive in. Once upon a time, little Timmy wanted to start a product so he went he created a product and he put it out there and then he asked himself gee whiz.
Who should I sell to and then he failed in a blazing fireball because he thought that entrepreneurship was about luck, okay, and he's like who should I sell to and just exploded and failed. I used to think the same thing, that entrepreneurship was about luck and I have my product now, who should I sell it to is the biggest trap of brand new entrepreneurs. So, I'm going to teach you in here 3 quick ways to make sure that you actually have a place to sell to you, we have a group that you can go sell to once your product is done. All right step number 1, repeat after me because this is rule number 1, you do not create a market for your product, that is the kiss of death, all right, that's a kiss of death in all entrepreneurship.
You don't create a market for your product, the wrong order.
Everything has to do with order and I used to do the same thing, I did it out of order. I went through 34 product tries over 5 years. One of the reason, one of the core most reasons that they all failed was because I did it in the order of little Timmy, right? I created the product and I said who should I sell it to? If you're asking that question after the product is already done, you're probably not going to win, all right?
You're dead in the water, you're dead in the water, that is such a secondary small question to ask.
What you really should ask first is where is the market that I would like to sell into, right? This is a big, big mindset shift and it is again one of the major reasons why people fail so much. So once I figured out this whole thing, I went through 46 successes and we did 10 million in about 3 years and it was one of the most key pieces. I remember when I first began this game.
Again, I started, guys, it was honestly was so frustrating and you might be frustrated as well. You're like I have a product. right? If you're watching this right now you might, I have a product. I started creating the product and I put the product together and I put it out there and I remember I was in college.
One of the first big products I ever created was actually when I was in college and it was... it took me 8 months to build it. I was in college full-time, I was in the army, I was at kids, right, it was very it's busy, right?
It's busy and so I was spending from midnight to about 2 or 3 a.m. every day building my own product. I did that for 8 months and at the end of the 8 months I was like so excited. I was like doing the math on the back of the napkin, right?
If 1% buys and 1% of the 1% buys the upsell, what island will I buy? You know what I mean? I was like running the math in my head like, I only need this and we've all done it.
We've all done it what happened in reality though was that I went and I created the product, super good product. Super good product and the offer was awesome but I didn't find my market and how to create a market for the product that I have, wrong order, completely wrong order.
And so, I failed. I failed. Just like little Timmy, I exploded in a big ball of fire, right, and I was like man, this entrepreneurship game like some people just get lucky. It has nothing to do with luck, it has to do with the order that you answer the questions in and it took me a long time to realize that. Funny enough, one of those early.
That same was one of those early info products that I created, I went back and I rinsed it back up and I fixed it and I went backwards and I relaunched it several times but I asked the questions in a different order and it was one of my first, actually my 2nd million dollar product, okay? So it has to do with the order of the questions that you're asking, that's why I get so huffy puffy about this.
It's not how do I create a market for the product that I have? You already did, you already did and the reason is because you're not the one buying it.
You're not going buying it and so where did you get all the data for how to build that product? From your own head. Okay, now don't do this but I did this. My ex-wife and I, when we were going and having our first 3 beautiful little girls, oh my gosh, just so, so adorable. I'm a proud daddy and our first little one was on the way and I remember my ex-wife and I were in the hospital, she had to be induced and we're sitting there, nothing was happening yet, okay?
Nothing was happening yet however, I was texting Noah Keegan.
If you don't know Keegan, he is an influencer and he ha this thing. This is 9 years ago, 10 years, 9years ago and he had this thing, about 8 years ago, sorry. I had this thing where you could text him before he bought his product. And so I did what probably a lot of you are doing or have them.
I said Noah, I went and I've done all this. I'm so excited, I made this thing, there's a problem and I've solved the problem and it's an amazing product and I put it out there and do you think that I should...
Actually I hadn't built it yet but I was asking him.
I said do you think I should build a product now? Yeah, I said do you think this is a good idea and he goes I don't know. I said wait a second. I don't think you get this. I've done focus groups, man.
I'm going in, I've done all this stuff and it's like, I said do you think this is a good product idea? Do you think I should go out? Do you think I should actually pursue this thing and he goes I don't know and I was getting frustrated. It was nothing was happening, we were in the hospital, okay, one we had to wait a long time, I was sitting there and I texted me. Do you think I should do it?
He goes dude, I don't know. He said I let people vote with their wallets, not their mouths. I was like oh, I'm doing this wrong. I had asked, I had gotten past the thing where I realized I'm not the one buying it but I had also made the mistake of letting people say with their mouth not their wallet, yeah I'll buy that.
This is a key piece, this is one of the biggest reasons again a lot of entrepreneurs fail out of the gate.
It's because they first answered their own problems and second of all, they did not try to actually sell the idea, actually try to sell and collect money from the idea. There's so many entrepreneurs successful ones that talk about that this is how they do it, they'll actually collect real cash or they'll figure out ways to, right, and there's rules, there's laws on ways to different do this. I'm not your legal guy, okay, but the concept being try to actually sell the thing. Try to actually sell it and if no one opens up their wallet, don't go waste your time making the product. So, a lot of the more successful entrepreneurs out there, we all, we figure out the idea, of the offer in the product but then we go straight to sales message and we begin trying to sell or at least drum up those who open their wallets, right?
And then oh, you're ready? You're ready? You want a buy? You do? Cool.
It comes out 2 weeks. I'll be right back and we go make it okay super common on successful entrepreneurship caveat by those who actually have a lot of failure. All right guys before finally answering the entire prompt of this entire video, hey guys hit the subscribe button. Hit the like, hit the bell. Also like comment down below what is like the biggest crash and burn products you've ever put out there?
I'm sure that we all have a whole bunch of them. Entrepreneurs make a lot of products and a lot of offers. I have burnt on so many of them. What's your craziest one down below, also share this video. There are so many people who have this question.
This is a common new entrepreneurial question but it is very much the wrong order, right? So please share.
We'd love to actually help others as well. All right so rule number 1, remember you don't create a market. You got to figure that out before you even start building the product.
Second of all, listen to the dream customer. They're the ones that are actually figuring that out. The second thing, oh sorry, the 3rd thing, I can't count.
The third thing is let's actually talk about how you do the actual thing I'm talking about now, okay? How do you create or how do you find a marketplace to go sell to?
Again, solve that before you even start building the product but let's say that you did and let's say you're like Steve. I'm good. I'm ready to rock, here we are. How do you actually go do that? Let me just ask a quick question here.
How many of you like Black Friday? Thanksgivings come, the very next day there's I know in Canada it's called unboxing day, right, or boxing day. Steep crazy discounts, right? Huge, big, massive discounts. How many guys love Black Friday?
I will say that I hate Black Friday.
I want no part of it at all. It drives me crazy. I cringe every time. I'm like you want to go do Black Friday?
No. Would rather rub some salt in some wounds. I hate it. I can't stand that amount of crowd, that drives me nuts. I'm way more of an introvert than you probably think and so like, no.
Absolutely not. There's a point to that though. Some of you watching this right now, you do like Black Friday, that's great. Wait a second, so does that mean they shouldn't do Black Friday just because I don't like it, no. Guys, I want to touch on a really powerful principle right here that will really help you in your product creation opportunities and it's this.
Think about your dream customer and they're going to a marketplace to buy and sell, all right, some of them like to buy through Black Friday or let me change it. Some of them like to consume the sales message through Black Friday, some of them like to consume the sales message through email, how many is about something through email.
Some of them like to consume their sales message through phones, same message just using a phone. Someone like to use their sales message through content like this, right? How many has bought from one of my videos?
A lot of you have, okay? Some of you guys like to consume sales message through, through, through, through. What you're really doing after you have a product that's done is you're looking at the marketplace and you're asking all the people that go here, all right, how do they like to consume sales message? How do they like to consume and be pitched too, that's the big question and then you figure out what the top 2 or 3 ways are and then just do the same, right? Just do the exact same.
I will not buy through Black Friday but man, I buy through Instagram influencers personally. I buy through sometimes I buy through webinars, sometimes i buy through phone but I typically buy through emails the most and all of them are correct, all of them are correct. And so what you're going to do is you're going to look at the marketplace and ask what are all the ways that my dream customer is already saying this is where I pull my wallet out, this is how I pull my wallet out for that, Perfect but I like to pull it out for that, that's fine, right, and I rank them out and I'm like cool, those are the top 3 ways we're going to attract and approach and pitch my dream customer the product that is already done.
Does that make sense? This shortcuts a lot of the questions about how should I approach them, how should I sell to them so if your customer's not on freaking Clubhouse, don't go to Clubhouse.
It's a waste of your time. If they're not doing this or that, not doing phones, if not, then don't do those things. You actually get easier sales by approaching the dream customer in the ways they already open their wallet for. I got a free gift here for you.
Do not click off this video yet go to internetlaunchsecrets.com.
The link is in the description and in the first comment and what you're going to get from that is you'll see how I solve exactly the things I was talking about in this video.
So, if you're like oh, that was a lot Steven but oh my gosh like what you're gonna see is 3 case studies of me doing exactly what you just learned in this video and they're the ones that made the most money for us over the last 3 years. We just keep repeating them. So, if you want to see very lucrative campaign strategies on the internet in action, case studies just from us, go to internetlaunchsecrets.com. We'll see you there..
https://elacmoneybasy.es/n17z
Thanks for your visit!
https://youtu.be/wWEyj-VgvUA
https://bit.ly/3kMli3Y
How to create a market for your product? Do you may have a product and you're like I need to create a market for it so there's 2 options. The first is to take the statistically proven 10-year grueling journey to create a market or just take the shortcut that I'm about to teach you inside this video. Let's dive in. Once upon a time, little Timmy wanted to start a product so he went he created a product and he put it out there and then he asked himself gee whiz.
Who should I sell to and then he failed in a blazing fireball because he thought that entrepreneurship was about luck, okay, and he's like who should I sell to and just exploded and failed. I used to think the same thing, that entrepreneurship was about luck and I have my product now, who should I sell it to is the biggest trap of brand new entrepreneurs. So, I'm going to teach you in here 3 quick ways to make sure that you actually have a place to sell to you, we have a group that you can go sell to once your product is done. All right step number 1, repeat after me because this is rule number 1, you do not create a market for your product, that is the kiss of death, all right, that's a kiss of death in all entrepreneurship.
You don't create a market for your product, the wrong order.
Everything has to do with order and I used to do the same thing, I did it out of order. I went through 34 product tries over 5 years. One of the reason, one of the core most reasons that they all failed was because I did it in the order of little Timmy, right? I created the product and I said who should I sell it to? If you're asking that question after the product is already done, you're probably not going to win, all right?
You're dead in the water, you're dead in the water, that is such a secondary small question to ask.
What you really should ask first is where is the market that I would like to sell into, right? This is a big, big mindset shift and it is again one of the major reasons why people fail so much. So once I figured out this whole thing, I went through 46 successes and we did 10 million in about 3 years and it was one of the most key pieces. I remember when I first began this game.
Again, I started, guys, it was honestly was so frustrating and you might be frustrated as well. You're like I have a product. right? If you're watching this right now you might, I have a product. I started creating the product and I put the product together and I put it out there and I remember I was in college.
One of the first big products I ever created was actually when I was in college and it was... it took me 8 months to build it. I was in college full-time, I was in the army, I was at kids, right, it was very it's busy, right?
It's busy and so I was spending from midnight to about 2 or 3 a.m. every day building my own product. I did that for 8 months and at the end of the 8 months I was like so excited. I was like doing the math on the back of the napkin, right?
If 1% buys and 1% of the 1% buys the upsell, what island will I buy? You know what I mean? I was like running the math in my head like, I only need this and we've all done it.
We've all done it what happened in reality though was that I went and I created the product, super good product. Super good product and the offer was awesome but I didn't find my market and how to create a market for the product that I have, wrong order, completely wrong order.
And so, I failed. I failed. Just like little Timmy, I exploded in a big ball of fire, right, and I was like man, this entrepreneurship game like some people just get lucky. It has nothing to do with luck, it has to do with the order that you answer the questions in and it took me a long time to realize that. Funny enough, one of those early.
That same was one of those early info products that I created, I went back and I rinsed it back up and I fixed it and I went backwards and I relaunched it several times but I asked the questions in a different order and it was one of my first, actually my 2nd million dollar product, okay? So it has to do with the order of the questions that you're asking, that's why I get so huffy puffy about this.
It's not how do I create a market for the product that I have? You already did, you already did and the reason is because you're not the one buying it.
You're not going buying it and so where did you get all the data for how to build that product? From your own head. Okay, now don't do this but I did this. My ex-wife and I, when we were going and having our first 3 beautiful little girls, oh my gosh, just so, so adorable. I'm a proud daddy and our first little one was on the way and I remember my ex-wife and I were in the hospital, she had to be induced and we're sitting there, nothing was happening yet, okay?
Nothing was happening yet however, I was texting Noah Keegan.
If you don't know Keegan, he is an influencer and he ha this thing. This is 9 years ago, 10 years, 9years ago and he had this thing, about 8 years ago, sorry. I had this thing where you could text him before he bought his product. And so I did what probably a lot of you are doing or have them.
I said Noah, I went and I've done all this. I'm so excited, I made this thing, there's a problem and I've solved the problem and it's an amazing product and I put it out there and do you think that I should...
Actually I hadn't built it yet but I was asking him.
I said do you think I should build a product now? Yeah, I said do you think this is a good idea and he goes I don't know. I said wait a second. I don't think you get this. I've done focus groups, man.
I'm going in, I've done all this stuff and it's like, I said do you think this is a good product idea? Do you think I should go out? Do you think I should actually pursue this thing and he goes I don't know and I was getting frustrated. It was nothing was happening, we were in the hospital, okay, one we had to wait a long time, I was sitting there and I texted me. Do you think I should do it?
He goes dude, I don't know. He said I let people vote with their wallets, not their mouths. I was like oh, I'm doing this wrong. I had asked, I had gotten past the thing where I realized I'm not the one buying it but I had also made the mistake of letting people say with their mouth not their wallet, yeah I'll buy that.
This is a key piece, this is one of the biggest reasons again a lot of entrepreneurs fail out of the gate.
It's because they first answered their own problems and second of all, they did not try to actually sell the idea, actually try to sell and collect money from the idea. There's so many entrepreneurs successful ones that talk about that this is how they do it, they'll actually collect real cash or they'll figure out ways to, right, and there's rules, there's laws on ways to different do this. I'm not your legal guy, okay, but the concept being try to actually sell the thing. Try to actually sell it and if no one opens up their wallet, don't go waste your time making the product. So, a lot of the more successful entrepreneurs out there, we all, we figure out the idea, of the offer in the product but then we go straight to sales message and we begin trying to sell or at least drum up those who open their wallets, right?
And then oh, you're ready? You're ready? You want a buy? You do? Cool.
It comes out 2 weeks. I'll be right back and we go make it okay super common on successful entrepreneurship caveat by those who actually have a lot of failure. All right guys before finally answering the entire prompt of this entire video, hey guys hit the subscribe button. Hit the like, hit the bell. Also like comment down below what is like the biggest crash and burn products you've ever put out there?
I'm sure that we all have a whole bunch of them. Entrepreneurs make a lot of products and a lot of offers. I have burnt on so many of them. What's your craziest one down below, also share this video. There are so many people who have this question.
This is a common new entrepreneurial question but it is very much the wrong order, right? So please share.
We'd love to actually help others as well. All right so rule number 1, remember you don't create a market. You got to figure that out before you even start building the product.
Second of all, listen to the dream customer. They're the ones that are actually figuring that out. The second thing, oh sorry, the 3rd thing, I can't count.
The third thing is let's actually talk about how you do the actual thing I'm talking about now, okay? How do you create or how do you find a marketplace to go sell to?
Again, solve that before you even start building the product but let's say that you did and let's say you're like Steve. I'm good. I'm ready to rock, here we are. How do you actually go do that? Let me just ask a quick question here.
How many of you like Black Friday? Thanksgivings come, the very next day there's I know in Canada it's called unboxing day, right, or boxing day. Steep crazy discounts, right? Huge, big, massive discounts. How many guys love Black Friday?
I will say that I hate Black Friday.
I want no part of it at all. It drives me crazy. I cringe every time. I'm like you want to go do Black Friday?
No. Would rather rub some salt in some wounds. I hate it. I can't stand that amount of crowd, that drives me nuts. I'm way more of an introvert than you probably think and so like, no.
Absolutely not. There's a point to that though. Some of you watching this right now, you do like Black Friday, that's great. Wait a second, so does that mean they shouldn't do Black Friday just because I don't like it, no. Guys, I want to touch on a really powerful principle right here that will really help you in your product creation opportunities and it's this.
Think about your dream customer and they're going to a marketplace to buy and sell, all right, some of them like to buy through Black Friday or let me change it. Some of them like to consume the sales message through Black Friday, some of them like to consume the sales message through email, how many is about something through email.
Some of them like to consume their sales message through phones, same message just using a phone. Someone like to use their sales message through content like this, right? How many has bought from one of my videos?
A lot of you have, okay? Some of you guys like to consume sales message through, through, through, through. What you're really doing after you have a product that's done is you're looking at the marketplace and you're asking all the people that go here, all right, how do they like to consume sales message? How do they like to consume and be pitched too, that's the big question and then you figure out what the top 2 or 3 ways are and then just do the same, right? Just do the exact same.
I will not buy through Black Friday but man, I buy through Instagram influencers personally. I buy through sometimes I buy through webinars, sometimes i buy through phone but I typically buy through emails the most and all of them are correct, all of them are correct. And so what you're going to do is you're going to look at the marketplace and ask what are all the ways that my dream customer is already saying this is where I pull my wallet out, this is how I pull my wallet out for that, Perfect but I like to pull it out for that, that's fine, right, and I rank them out and I'm like cool, those are the top 3 ways we're going to attract and approach and pitch my dream customer the product that is already done.
Does that make sense? This shortcuts a lot of the questions about how should I approach them, how should I sell to them so if your customer's not on freaking Clubhouse, don't go to Clubhouse.
It's a waste of your time. If they're not doing this or that, not doing phones, if not, then don't do those things. You actually get easier sales by approaching the dream customer in the ways they already open their wallet for. I got a free gift here for you.
Do not click off this video yet go to internetlaunchsecrets.com.
The link is in the description and in the first comment and what you're going to get from that is you'll see how I solve exactly the things I was talking about in this video.
So, if you're like oh, that was a lot Steven but oh my gosh like what you're gonna see is 3 case studies of me doing exactly what you just learned in this video and they're the ones that made the most money for us over the last 3 years. We just keep repeating them. So, if you want to see very lucrative campaign strategies on the internet in action, case studies just from us, go to internetlaunchsecrets.com. We'll see you there..
https://elacmoneybasy.es/n17z
Thanks for your visit!
https://youtu.be/wWEyj-VgvUA
https://bit.ly/3kMli3Y
How Firms Commercialize Their Products: How to Bring Your Product To Market
How Firms Commercialize Their Products: How to Bring Your Product To Market
Hey there, fellow marketers, Professor Wolters here. And today we're going to continue our conversation about new product development. And today what we're going to focus on is the commercialization of our new product. Because we've already developed this product, we figured out what our customers want. We developed a perfect little product or service they're really going to desire.
And now we have to figure out is, how are we going to commercialize it? How are we going to get it onto the market? Where are we going to sell it? All these kind of things, really putting together the four P's. Finally, like together, because we've got the first P, we've got that new product.
But now we have to think about the prices, the place where we're going to sell it. How we're going to promote it and things like that. Because when you think about it, what we really have to start thinking about is when. When are we going to put this product on the market? And the thing you have to realize, is your market that you're selling to, a lot of times will dictate when you release your product.
For example, if I'm going to re- releasing, you know, a water bottle for the beach, right? Well, if I'm going to do this, am I going to release it in December, when it's cold, and no one's thinking about hot weather and taking anything to the beach? Of course not, I'm going to release it closer to the summertime, right? Or if you think about it in terms of game consoles, right? They don't release them, you know, it usually in the spring or in January.
They release it before the holidays, because that's when parents are willing to spend a lot more money to buy them a $500 gaming system. Because you know, you might get that, or Santa might get that for a kid for for the holidays.
But might not get them for a random Tuesday in January, not a really big day. So we have to think about these things. And you think about, with a gaming consoles.
Have you ever noticed, it's about every six years, you get like a new PlayStation, or a new Xbox. And when a new PlayStation comes out, you know that new Xbox is gonna come out about the same time or another Nintendo is going to come out at about the same time. Because they know we have kind of like a generational thing. We need to all be coming out about the same time.
And so if another company, let's say I don't know, Apple wants to come out with a console gaming system.
They're not going to come out with it in the middle of the cycle. They're going to come out when people are ready to buy a new console, after a few years. So you kind of plan those things out. And that's one thing you really have to consider when you're thinking about that when. When is my market going to be ready to buy this?
Okay, so you might think about that in terms of movies. When do the big movies come out? In the summer, you have your summer, tentpole movies. Why, well, you have all these kids that aren't in school, right? And so that's when they're out, they need something to do.
Parents don't have time to stay with their kids all the time. Let's throw them out an Avengers movie, let's throw them out a sci-fi movie. Let them stay there for three hours, so we can clean the house. You know, you have to think about these things.
So really, the when, when we're starting to think about commercialization really is dictated by a lot of factors that you do have to consider.
And then next, I think W word you need to ask yourself is where. Where are we going to launch it first? So you might look at it in terms of this way. Where are we going to launch it in terms of, where is that target market going to be? Right, so if our target market is buying gaming consoles at Best Buy, we need to be at Best Buy.
Or if people are buying their gaming consoles online, we need to have an online presence and sell it there. Because you really have to think about is where's our audience going to be buying stuff? Where are they deciding? That's where we need to be in order to get that target market. Because we're really trying to do is find out is how can we deliver the most value to that customer.
And in terms of that where, it's going to be what what delivers me the most value? It's where I buy it, right? And so we have to think about those things. That's why we do so much marketing research and market research in general when we are developing a new product. Because it's not just making a new product.
It's also figuring out where we're gonna put it, okay? Now the next step I want to talk about is what we call the rollout. Which is kind of like a timing thing, but also a where. It's that where and when kind of thing put together. Because we have to figure out and roll out, which stores are going to get our products first?
Which regions are going to get our products first? See I've lived all over the world.
And I remember you know, I'd be here in the US and the new Nintendo 64 is out this October, I'm like, "Great." And then I moved to Europe in September, and I'm thinking, "Oh, in October, I'm going to get it." No, no, no, it didn't come out till the next spring in Europe.
I'm like, what-what happened? Well, Nintendo looked at and said, "Wait, who are our biggest markets?" Who should get these first? Because we don't want people not to be able to get it.
So they released it in the US and Japan first.
And then a few months later, it was released in Europe. And a few months later after that, it was released in South America. You have this kind of idea of, where am I going to roll it out first, okay? And so you'll see companies do that where, you know, they'll test market in different areas to kind of see what works first. If works there, we're going to go to more stores.
So like, when Burger King came out with their Impossible Whopper, it wasn't available everywhere at first. They rolled it out in certain stores, then in certain stores, and then it went nationwide. Okay, because you have to think about that. Where and when and who's going to go first, who's going to go second, who's going to go third? We have to think about those things.
And sometimes you'll see that with new mobile phones. Sometimes it first comes out, you know, only exclusively at AT&T. And then after six months, maybe it's at the other places, right? So we just try to think about these things out there.
And you kind of put that where and when and where and when together.
You got to think about those things when you are doing your commercializations of your product. And the thing is, it's not just the where and when. Because if you think about it, the where part really is that kind of place part of the four P's. 'Cause what we're really trying to figure out is, where should the product be initially sold. And things that might kind of really influence that as well.
You might look at in terms of, where we're going to sell, do they have delivery options? Or we might look at it in terms of, will they be able to handle the extra inventory that we need to have them in there? Because if we're going to have a big huge TV kind of thing, are we going to have space in a small store to sell it? No, we probably need to put it in the big box stores, like a Walmart or Best Buy or something like that.
Now another the four P's we have to focus on the commercialization is promotion.
A lot of times new products fail, because people don't know to even exist, right? And so we really have to think about is, where are all the places we need to promote our product? Yes, we need to promote it to that end customer that's going to get that benefit out there, right? So we gotta make them- make sure they know how good our product is, what the difference is, what makes it special, why it's gonna be perfect for them. But the thing is, it's not just about promoting your product to the end customer.
You also have to promote your product throughout the supply chain. You have to explain to Best Buy, why it would be a good idea to carry our game console. You have to explain to Cartoon Network, why would be good for us to have their-our commercials on their TV channels. You have to explain all the things out there. And you have to consider all that when you're looking at your promotions.
Because what you might end up doing is having trade promotions.
You know, you might have a slotting allowance. "Hey, Best Buy, we're gonna pay you to put one of our consoles at the front door, so people can see the new graphics and the new controllers and try things out." But we're gonna need to pay them to do that, right? We have to think about those things, with those slotting allowances.
Or maybe you do a trade allowance or an advertising allowance. "Hey, if you advertise our product, in your promo flyer, we'll sell it to you at a lower price. So you can get it- you can make more money in the end in your markups." Or other things you might think about in terms of promotion. You might have, you know, the promotional, you know, introductory pricing.
I mean, think about it, how many of you have signed up for cable, because the first month was $19.99, and then went skyrocketing prices after that? Well, we might think about that, those promotions, that goes into there.
I know that kind of ties in with pricing, because you do have to think about pricing when it comes to new products. You know, launching, right, and commercialization.
And we do have a video that goes into a lot of different new pricing or new product pricing kind of setup. So do watch that video to get some of the ideas of the specific kind of new price, new product pricing strategies that companies can use. But we do have to think about is what is going to be our manufacturer's suggested retail price.
Because we have to make sure that everybody in the supply chain is making money. Because if the delivery driver isn't making money, they're not going to deliver your products.
If the in store, you know, Best Buy's not going to make money selling your products, they're not going to carry it. And you got to make sure you're making money. You also got to make sure your customers are feeling like they're getting value out of these things for this new product.
So you really have to think about a lot of things when you're developing your pricing. And there are those slotting allowances, where it helps to figure out where it's going to place also could affect the pricing and stuff like that.
Because hey, if we're going to be paying for that stuff to be there, we got to factor that into our cost and our pricing development. So a lot of stuff you really have to consider. And the last little thing about the commercialization thing I'm going to talk about. I'm wanna kind of go back to the promotion side of things. And what a lot of people don't realize is when you're promoting your product throughout your supply chain.
Sometimes it's about finding new suppliers, new retailers, new ways to get your product out. So you might actually go to a lot of trade fairs just to talk about your product, so people know about these things. Because if you look back into history, people thought the Nintendo, you know, the Wii would be a failure. Right, like, oh, the graphics isn't very good. Nobody's gonna want this because they get a PlayStation that has way better graphics, where you can see the person's head fly off when you chop it off in-in Mortal Kombat.
And, and they don't even do that on the Wii, right, back in the day. But the thing is, when they went to the trade shows, and they were showing people how it works and stuff like that. It's like, hmm, you know what, this might just work. This is actually something that might work for everybody. Because sometimes seeing it in situ actually working can help your product sell better.
That's why when you go to the trade shows and show how it works, that might help it out. How many times have you gone to a Macy's or a Walmart or, or maybe your local grocery store, and they had the free samples kind of stuff, those kind of things? We had to think about that. Will that entice people to try that new product? So it's a lot of things you really have to think about when you're doing your commercialization of your products, okay?
And this is just touching the surface, right? You remember, make sure you're looking at the four P's when you're developing your commercialization.
Also the where and when you're going to sell these things. Stuff like that all comes together when you're looking to commercialize a new product. So I hope this helps you get an idea of how that commercialization phase of new product development kind of comes about.
If you want to learn more, we got plenty more videos to help you out, bye..
https://elacmoneybasy.es/n17z
Thanks for your visit!
https://youtu.be/X40RrXFDV6M
https://bit.ly/3KUpARk
Hey there, fellow marketers, Professor Wolters here. And today we're going to continue our conversation about new product development. And today what we're going to focus on is the commercialization of our new product. Because we've already developed this product, we figured out what our customers want. We developed a perfect little product or service they're really going to desire.
And now we have to figure out is, how are we going to commercialize it? How are we going to get it onto the market? Where are we going to sell it? All these kind of things, really putting together the four P's. Finally, like together, because we've got the first P, we've got that new product.
But now we have to think about the prices, the place where we're going to sell it. How we're going to promote it and things like that. Because when you think about it, what we really have to start thinking about is when. When are we going to put this product on the market? And the thing you have to realize, is your market that you're selling to, a lot of times will dictate when you release your product.
For example, if I'm going to re- releasing, you know, a water bottle for the beach, right? Well, if I'm going to do this, am I going to release it in December, when it's cold, and no one's thinking about hot weather and taking anything to the beach? Of course not, I'm going to release it closer to the summertime, right? Or if you think about it in terms of game consoles, right? They don't release them, you know, it usually in the spring or in January.
They release it before the holidays, because that's when parents are willing to spend a lot more money to buy them a $500 gaming system. Because you know, you might get that, or Santa might get that for a kid for for the holidays.
But might not get them for a random Tuesday in January, not a really big day. So we have to think about these things. And you think about, with a gaming consoles.
Have you ever noticed, it's about every six years, you get like a new PlayStation, or a new Xbox. And when a new PlayStation comes out, you know that new Xbox is gonna come out about the same time or another Nintendo is going to come out at about the same time. Because they know we have kind of like a generational thing. We need to all be coming out about the same time.
And so if another company, let's say I don't know, Apple wants to come out with a console gaming system.
They're not going to come out with it in the middle of the cycle. They're going to come out when people are ready to buy a new console, after a few years. So you kind of plan those things out. And that's one thing you really have to consider when you're thinking about that when. When is my market going to be ready to buy this?
Okay, so you might think about that in terms of movies. When do the big movies come out? In the summer, you have your summer, tentpole movies. Why, well, you have all these kids that aren't in school, right? And so that's when they're out, they need something to do.
Parents don't have time to stay with their kids all the time. Let's throw them out an Avengers movie, let's throw them out a sci-fi movie. Let them stay there for three hours, so we can clean the house. You know, you have to think about these things.
So really, the when, when we're starting to think about commercialization really is dictated by a lot of factors that you do have to consider.
And then next, I think W word you need to ask yourself is where. Where are we going to launch it first? So you might look at it in terms of this way. Where are we going to launch it in terms of, where is that target market going to be? Right, so if our target market is buying gaming consoles at Best Buy, we need to be at Best Buy.
Or if people are buying their gaming consoles online, we need to have an online presence and sell it there. Because you really have to think about is where's our audience going to be buying stuff? Where are they deciding? That's where we need to be in order to get that target market. Because we're really trying to do is find out is how can we deliver the most value to that customer.
And in terms of that where, it's going to be what what delivers me the most value? It's where I buy it, right? And so we have to think about those things. That's why we do so much marketing research and market research in general when we are developing a new product. Because it's not just making a new product.
It's also figuring out where we're gonna put it, okay? Now the next step I want to talk about is what we call the rollout. Which is kind of like a timing thing, but also a where. It's that where and when kind of thing put together. Because we have to figure out and roll out, which stores are going to get our products first?
Which regions are going to get our products first? See I've lived all over the world.
And I remember you know, I'd be here in the US and the new Nintendo 64 is out this October, I'm like, "Great." And then I moved to Europe in September, and I'm thinking, "Oh, in October, I'm going to get it." No, no, no, it didn't come out till the next spring in Europe.
I'm like, what-what happened? Well, Nintendo looked at and said, "Wait, who are our biggest markets?" Who should get these first? Because we don't want people not to be able to get it.
So they released it in the US and Japan first.
And then a few months later, it was released in Europe. And a few months later after that, it was released in South America. You have this kind of idea of, where am I going to roll it out first, okay? And so you'll see companies do that where, you know, they'll test market in different areas to kind of see what works first. If works there, we're going to go to more stores.
So like, when Burger King came out with their Impossible Whopper, it wasn't available everywhere at first. They rolled it out in certain stores, then in certain stores, and then it went nationwide. Okay, because you have to think about that. Where and when and who's going to go first, who's going to go second, who's going to go third? We have to think about those things.
And sometimes you'll see that with new mobile phones. Sometimes it first comes out, you know, only exclusively at AT&T. And then after six months, maybe it's at the other places, right? So we just try to think about these things out there.
And you kind of put that where and when and where and when together.
You got to think about those things when you are doing your commercializations of your product. And the thing is, it's not just the where and when. Because if you think about it, the where part really is that kind of place part of the four P's. 'Cause what we're really trying to figure out is, where should the product be initially sold. And things that might kind of really influence that as well.
You might look at in terms of, where we're going to sell, do they have delivery options? Or we might look at it in terms of, will they be able to handle the extra inventory that we need to have them in there? Because if we're going to have a big huge TV kind of thing, are we going to have space in a small store to sell it? No, we probably need to put it in the big box stores, like a Walmart or Best Buy or something like that.
Now another the four P's we have to focus on the commercialization is promotion.
A lot of times new products fail, because people don't know to even exist, right? And so we really have to think about is, where are all the places we need to promote our product? Yes, we need to promote it to that end customer that's going to get that benefit out there, right? So we gotta make them- make sure they know how good our product is, what the difference is, what makes it special, why it's gonna be perfect for them. But the thing is, it's not just about promoting your product to the end customer.
You also have to promote your product throughout the supply chain. You have to explain to Best Buy, why it would be a good idea to carry our game console. You have to explain to Cartoon Network, why would be good for us to have their-our commercials on their TV channels. You have to explain all the things out there. And you have to consider all that when you're looking at your promotions.
Because what you might end up doing is having trade promotions.
You know, you might have a slotting allowance. "Hey, Best Buy, we're gonna pay you to put one of our consoles at the front door, so people can see the new graphics and the new controllers and try things out." But we're gonna need to pay them to do that, right? We have to think about those things, with those slotting allowances.
Or maybe you do a trade allowance or an advertising allowance. "Hey, if you advertise our product, in your promo flyer, we'll sell it to you at a lower price. So you can get it- you can make more money in the end in your markups." Or other things you might think about in terms of promotion. You might have, you know, the promotional, you know, introductory pricing.
I mean, think about it, how many of you have signed up for cable, because the first month was $19.99, and then went skyrocketing prices after that? Well, we might think about that, those promotions, that goes into there.
I know that kind of ties in with pricing, because you do have to think about pricing when it comes to new products. You know, launching, right, and commercialization.
And we do have a video that goes into a lot of different new pricing or new product pricing kind of setup. So do watch that video to get some of the ideas of the specific kind of new price, new product pricing strategies that companies can use. But we do have to think about is what is going to be our manufacturer's suggested retail price.
Because we have to make sure that everybody in the supply chain is making money. Because if the delivery driver isn't making money, they're not going to deliver your products.
If the in store, you know, Best Buy's not going to make money selling your products, they're not going to carry it. And you got to make sure you're making money. You also got to make sure your customers are feeling like they're getting value out of these things for this new product.
So you really have to think about a lot of things when you're developing your pricing. And there are those slotting allowances, where it helps to figure out where it's going to place also could affect the pricing and stuff like that.
Because hey, if we're going to be paying for that stuff to be there, we got to factor that into our cost and our pricing development. So a lot of stuff you really have to consider. And the last little thing about the commercialization thing I'm going to talk about. I'm wanna kind of go back to the promotion side of things. And what a lot of people don't realize is when you're promoting your product throughout your supply chain.
Sometimes it's about finding new suppliers, new retailers, new ways to get your product out. So you might actually go to a lot of trade fairs just to talk about your product, so people know about these things. Because if you look back into history, people thought the Nintendo, you know, the Wii would be a failure. Right, like, oh, the graphics isn't very good. Nobody's gonna want this because they get a PlayStation that has way better graphics, where you can see the person's head fly off when you chop it off in-in Mortal Kombat.
And, and they don't even do that on the Wii, right, back in the day. But the thing is, when they went to the trade shows, and they were showing people how it works and stuff like that. It's like, hmm, you know what, this might just work. This is actually something that might work for everybody. Because sometimes seeing it in situ actually working can help your product sell better.
That's why when you go to the trade shows and show how it works, that might help it out. How many times have you gone to a Macy's or a Walmart or, or maybe your local grocery store, and they had the free samples kind of stuff, those kind of things? We had to think about that. Will that entice people to try that new product? So it's a lot of things you really have to think about when you're doing your commercialization of your products, okay?
And this is just touching the surface, right? You remember, make sure you're looking at the four P's when you're developing your commercialization.
Also the where and when you're going to sell these things. Stuff like that all comes together when you're looking to commercialize a new product. So I hope this helps you get an idea of how that commercialization phase of new product development kind of comes about.
If you want to learn more, we got plenty more videos to help you out, bye..
https://elacmoneybasy.es/n17z
Thanks for your visit!
https://youtu.be/X40RrXFDV6M
https://bit.ly/3KUpARk
The Best Marketing Strategy For A New Business Or Product
The Best Marketing Strategy For A New Business Or Product
- Hey, it's Rick Kettner here and in this video, we're gonna explore the best marketing strategy for promoting a new business or a new product. Essentially, we're gonna be looking at a simple method that you can use to choose and execute on the best marketing opportunities for your specific business. Now, this is a follow up to a previous video that I published on 33 ways to get more customers. You can find the link to that video in the description box below. And of course, if you're interested in learning more about how to build and grow your business, then I recommend that you subscribe to the channel and turn on notifications so you don't miss out on future videos.
But let's get into it. The number one reason why new businesses fail is that they don't attract enough customers. And the reality is a lot of businesses make it through the other stages like coming up with a brand name, coming up with a logo, even building out a basic product or service, but unfortunately, many of them fail when it comes to actually attracting prospects and converting those prospects into customers.
So that is the entire focus of this video. We're gonna be going through a simple four step framework called the bullseye framework.
This is from "Traction" by Gabriel Weinberg and Justin Mares. A really great book for startups that are looking to attract customers to their business. And this is a simple like I say, a four step process that you can use to attract customers. The very first step is to brainstorm marketing ideas. So what you wanna do here is you wanna go through all the different ways that you could possibly attract customers to your business, and you wanna come up with realistic scenarios for how you might execute on those opportunities.
Now, I mentioned earlier that I recently published a video covering 33 ways to get more customers. You can go through that video, that's 33 different marketing channels that are covered in that video. And the idea here, even though we're not gonna be pursuing all 33 channels at once, we'd be spreading ourselves way too thin.
The idea here is to come up with realistic scenarios for each and every one of them just as an exploratory process. So, for example, if you go down the list and you see content marketing, you wanna come up with a realistic scenario for how you might promote your business using content marketing.
What kinda articles could you create? What kinda videos? Would you create a podcast? You wanna explore exactly how you might pursue that opportunity if you absolutely had to. And then you wanna do the same as you go down the list with search advertising, social advertising, hosting live events.
You might consider, would you host a local meetup, a small meetup group with enthusiastic customers, or would you try to put on a big fancy event and invite other speakers? Whatever the marketing channel might be, the idea here is to simply explore the possibilities to reasonably brainstorm what you could do if you absolutely had to pursue the various different marketing opportunities that are out there.
And the reason why this is important is because oftentimes, businesses get stuck in a rut where they really only pursue marketing channels that all of their rivals are pursuing. So if you see another potential competitor using search advertising, you might be tempted to just say, "Okay, search advertising is the way "that you market this kinda business." And that really limits your options.
And unfortunately, when you follow that kinda strategy, you're actually playing into your competitor's strengths and you're pursuing a channel that is already gonna be competitive, right? So by its very definition, the most popular channels may not necessarily be the best opportunities.
Sometimes they are still, sometimes they aren't. So, that's the entire point of this first step is to actually explore what you might do if you had to pursue different channels in order to just flush them out and see what might be possible. Step number two is to select promising channels.
So this is a very important step where we start to narrow the field. Instead of pursuing all 33 channels, we're gonna narrow it down to about three to five of the most promising opportunities. And when I say promising, because you're a startup, your number one priority should be speed. So you wanna find channels that are likely to create results for you quickly. And of course, you also wanna choose channels that are likely to offer a lot of customers, right?
So you're talking about both volume of customers and speed at which you can actually attract them.
And of course another consideration would be your ability to attract them profitably. So just because a channel can deliver a lot of customers, and can do so quickly, it might not be cost effective to pursue it. So that's the kinda thing you wanna be thinking about as you narrow down the field to three to five of the most promising channels, or the most promising opportunities based on your initial brainstorming.
Then it's time to move on to step three.
And step three is something that I think a lot of businesses skip over just naturally when they try to pursue marketing opportunities. And step three is to perform inexpensive tests. This is critical because even if an opportunity seems really promising, and as you go through how you might pursue it, it seems really attractive and it might be really exciting, the fact is not all marketing channels are equal. And sometimes you might be really surprised to find out that one channel just isn't that effective. And if you don't compare its results with another channel, then you're really never able to make that differentiation and to realize, hey, this might be a half decent opportunity, but over here is a much, much better opportunity that we should really be focusing all of our time and attention on.
So this step is all about just simply performing inexpensive, simple tests to validate the potential of each of your promising opportunities. Now, one mistake a lot of businesses make when it comes to testing marketing opportunities like this, is they try to overly optimize in the process.
So for example, if you were gonna place ads on Google AdWords, you might go on there and say, "Okay, I have a $40 margin on my product, "I can't afford to spend more than $40 per conversion here. "And so if I'm spending more than "that then this channel just isn't very promising." And that thought process leads them to aim for targets and to set their ad spend in a way that is unlikely to provide really great results.
And the reason why this is bad is because the only goal of this step here is to validate two things. One, that there are enough customers in this channel that it's worth pursuing. And two, that you have a vague sense that if you took the time to optimize your efforts, and to improve your ad copy and to improve your landing page and your entire marketing funnel as it relates to that channel, then over time, you almost certainly will be profitable.
That's what you're trying to figure out. You're not trying to actually optimize because if you do that too early, you're ruling out a channel before you even give it a chance to breathe.
So what you wanna do here is just simply perform inexpensive tests to validate there are customers there and that it's worth your time and energy to pursue things further. And then afterwards, later in the future, you can worry about doing all that optimization. In some cases, it takes months if not years, to really perfect your entire approach to that channel. And that's perfectly okay. You can do that in the future, and it's not gonna affect your long term potential with that channel.
But the idea behind this step is just simply to validate that it's worth your time to explore things further. And then we move on to step number four, which is to look at all these tests that we've performed and to select one promising channel.
To select the single thing that we're gonna focus on when it comes to building momentum with the business. And this is incredibly important when it comes to a brand new startup because you really can't afford to be spreading yourself too thin. And the reality is that when it comes to a lot of marketing channels, there's a bit of a winner take all dynamic that happens with marketing channels.
Google Search is a great example of this. The person that is able to best optimize and best outperform their rivals when it comes to advertising for a specific keyword or a specific family of keyword phrases, they tend to far outperform whoever is second in that area, whoever is second best at utilizing that marketing channel.
So it really pays to become an absolute master at at least one channel when you're growing a business. In fact, that's pretty common wisdom within the marketing community that you really, if you wanna have a successful business, there should be at least one channel out there that the entrepreneur or founder, or at least one of the co-founders of the business, is incredibly familiar with and is very proficient at using. And that really gives the business a lot of strength.
And so the idea here is really simple, right? You just wanna focus on one channel, you wanna become really great at that one channel, and you wanna absolutely focus your efforts on capitalizing on all of the potential of that channel, until of course, you hit diminishing returns. And that's the point at which spending more money on the channel doesn't really give you more results.
You might find a point like let's say, Google AdWords, you might find spending more than 50,000 in a given period just simply does not increase results. And at that point, it's time to revisit this process, explore other channels and figure out what second or third channel you can tag on to expand your business.
But that's really the process here. It's really straightforward. It's really simple. It might almost seem too simple, but that's okay. And it's a very powerful way to like I say, select and test and ultimately find the one channel that is most promising for your business.
Anyway, that's it for this video. If you have any questions or if you have any thoughts or even suggestions for better ways to attract and convert customers, please share them in the comment section below. And of course, if you're interested in learning more about how to build and grow your business, then I recommend that you subscribe to the channel and turn on notifications so you don't miss out on future videos. But with that said, thank you for watching and I'll see you in the next video..
https://elacmoneybasy.es/n17z
Thanks for your visit!
https://youtu.be/5FJfEgE9RNg
https://bit.ly/3P4HlAH
- Hey, it's Rick Kettner here and in this video, we're gonna explore the best marketing strategy for promoting a new business or a new product. Essentially, we're gonna be looking at a simple method that you can use to choose and execute on the best marketing opportunities for your specific business. Now, this is a follow up to a previous video that I published on 33 ways to get more customers. You can find the link to that video in the description box below. And of course, if you're interested in learning more about how to build and grow your business, then I recommend that you subscribe to the channel and turn on notifications so you don't miss out on future videos.
But let's get into it. The number one reason why new businesses fail is that they don't attract enough customers. And the reality is a lot of businesses make it through the other stages like coming up with a brand name, coming up with a logo, even building out a basic product or service, but unfortunately, many of them fail when it comes to actually attracting prospects and converting those prospects into customers.
So that is the entire focus of this video. We're gonna be going through a simple four step framework called the bullseye framework.
This is from "Traction" by Gabriel Weinberg and Justin Mares. A really great book for startups that are looking to attract customers to their business. And this is a simple like I say, a four step process that you can use to attract customers. The very first step is to brainstorm marketing ideas. So what you wanna do here is you wanna go through all the different ways that you could possibly attract customers to your business, and you wanna come up with realistic scenarios for how you might execute on those opportunities.
Now, I mentioned earlier that I recently published a video covering 33 ways to get more customers. You can go through that video, that's 33 different marketing channels that are covered in that video. And the idea here, even though we're not gonna be pursuing all 33 channels at once, we'd be spreading ourselves way too thin.
The idea here is to come up with realistic scenarios for each and every one of them just as an exploratory process. So, for example, if you go down the list and you see content marketing, you wanna come up with a realistic scenario for how you might promote your business using content marketing.
What kinda articles could you create? What kinda videos? Would you create a podcast? You wanna explore exactly how you might pursue that opportunity if you absolutely had to. And then you wanna do the same as you go down the list with search advertising, social advertising, hosting live events.
You might consider, would you host a local meetup, a small meetup group with enthusiastic customers, or would you try to put on a big fancy event and invite other speakers? Whatever the marketing channel might be, the idea here is to simply explore the possibilities to reasonably brainstorm what you could do if you absolutely had to pursue the various different marketing opportunities that are out there.
And the reason why this is important is because oftentimes, businesses get stuck in a rut where they really only pursue marketing channels that all of their rivals are pursuing. So if you see another potential competitor using search advertising, you might be tempted to just say, "Okay, search advertising is the way "that you market this kinda business." And that really limits your options.
And unfortunately, when you follow that kinda strategy, you're actually playing into your competitor's strengths and you're pursuing a channel that is already gonna be competitive, right? So by its very definition, the most popular channels may not necessarily be the best opportunities.
Sometimes they are still, sometimes they aren't. So, that's the entire point of this first step is to actually explore what you might do if you had to pursue different channels in order to just flush them out and see what might be possible. Step number two is to select promising channels.
So this is a very important step where we start to narrow the field. Instead of pursuing all 33 channels, we're gonna narrow it down to about three to five of the most promising opportunities. And when I say promising, because you're a startup, your number one priority should be speed. So you wanna find channels that are likely to create results for you quickly. And of course, you also wanna choose channels that are likely to offer a lot of customers, right?
So you're talking about both volume of customers and speed at which you can actually attract them.
And of course another consideration would be your ability to attract them profitably. So just because a channel can deliver a lot of customers, and can do so quickly, it might not be cost effective to pursue it. So that's the kinda thing you wanna be thinking about as you narrow down the field to three to five of the most promising channels, or the most promising opportunities based on your initial brainstorming.
Then it's time to move on to step three.
And step three is something that I think a lot of businesses skip over just naturally when they try to pursue marketing opportunities. And step three is to perform inexpensive tests. This is critical because even if an opportunity seems really promising, and as you go through how you might pursue it, it seems really attractive and it might be really exciting, the fact is not all marketing channels are equal. And sometimes you might be really surprised to find out that one channel just isn't that effective. And if you don't compare its results with another channel, then you're really never able to make that differentiation and to realize, hey, this might be a half decent opportunity, but over here is a much, much better opportunity that we should really be focusing all of our time and attention on.
So this step is all about just simply performing inexpensive, simple tests to validate the potential of each of your promising opportunities. Now, one mistake a lot of businesses make when it comes to testing marketing opportunities like this, is they try to overly optimize in the process.
So for example, if you were gonna place ads on Google AdWords, you might go on there and say, "Okay, I have a $40 margin on my product, "I can't afford to spend more than $40 per conversion here. "And so if I'm spending more than "that then this channel just isn't very promising." And that thought process leads them to aim for targets and to set their ad spend in a way that is unlikely to provide really great results.
And the reason why this is bad is because the only goal of this step here is to validate two things. One, that there are enough customers in this channel that it's worth pursuing. And two, that you have a vague sense that if you took the time to optimize your efforts, and to improve your ad copy and to improve your landing page and your entire marketing funnel as it relates to that channel, then over time, you almost certainly will be profitable.
That's what you're trying to figure out. You're not trying to actually optimize because if you do that too early, you're ruling out a channel before you even give it a chance to breathe.
So what you wanna do here is just simply perform inexpensive tests to validate there are customers there and that it's worth your time and energy to pursue things further. And then afterwards, later in the future, you can worry about doing all that optimization. In some cases, it takes months if not years, to really perfect your entire approach to that channel. And that's perfectly okay. You can do that in the future, and it's not gonna affect your long term potential with that channel.
But the idea behind this step is just simply to validate that it's worth your time to explore things further. And then we move on to step number four, which is to look at all these tests that we've performed and to select one promising channel.
To select the single thing that we're gonna focus on when it comes to building momentum with the business. And this is incredibly important when it comes to a brand new startup because you really can't afford to be spreading yourself too thin. And the reality is that when it comes to a lot of marketing channels, there's a bit of a winner take all dynamic that happens with marketing channels.
Google Search is a great example of this. The person that is able to best optimize and best outperform their rivals when it comes to advertising for a specific keyword or a specific family of keyword phrases, they tend to far outperform whoever is second in that area, whoever is second best at utilizing that marketing channel.
So it really pays to become an absolute master at at least one channel when you're growing a business. In fact, that's pretty common wisdom within the marketing community that you really, if you wanna have a successful business, there should be at least one channel out there that the entrepreneur or founder, or at least one of the co-founders of the business, is incredibly familiar with and is very proficient at using. And that really gives the business a lot of strength.
And so the idea here is really simple, right? You just wanna focus on one channel, you wanna become really great at that one channel, and you wanna absolutely focus your efforts on capitalizing on all of the potential of that channel, until of course, you hit diminishing returns. And that's the point at which spending more money on the channel doesn't really give you more results.
You might find a point like let's say, Google AdWords, you might find spending more than 50,000 in a given period just simply does not increase results. And at that point, it's time to revisit this process, explore other channels and figure out what second or third channel you can tag on to expand your business.
But that's really the process here. It's really straightforward. It's really simple. It might almost seem too simple, but that's okay. And it's a very powerful way to like I say, select and test and ultimately find the one channel that is most promising for your business.
Anyway, that's it for this video. If you have any questions or if you have any thoughts or even suggestions for better ways to attract and convert customers, please share them in the comment section below. And of course, if you're interested in learning more about how to build and grow your business, then I recommend that you subscribe to the channel and turn on notifications so you don't miss out on future videos. But with that said, thank you for watching and I'll see you in the next video..
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Friday, May 6, 2022
Tired of Being Broke? How To Trade With A Small Account
Tired of Being Broke? How To Trade With A Small Account
- So in this video, we're gonna talk about trading with a very small account. (upbeat music) What's up? Tim Sykes, Millionaire Mentor and Trader here with, you know, my Q&A. It's nothing fancy. I'm just wearing kind of like a wrinkled shirt, answering your questions.
That's what it takes. Like, you just gotta be real in this industry. And if you have a small account, you have no other choice. Okay? You have nothing else to do if you have a small account.
You're gonna have to get started studying ASAP, not necessarily growing your account in any big way ASAP, but starting to study ASAP.
And for those of you who don't really know English that well, ASAP means as soon as possible. It's crazy to me that people don't have the right mindset. Then again, there's so many fakes. There's so many non-millionaires teaching.
There's so many newbies teaching. Frankly, I'm very fortunate not just with the money that I've made but now my 20 plus years of experience, so I've seen a lot of different traders come and go. I've seen what works. I personally have made several million dollars after starting with a few thousand. My top student started with 1,500.
He's now over eight million. So I know what works. And if you have a small account, by the way, leave a comment underneath this video, do you think that you have a small account? Yes or no.
Or actually a better, no, scratch that, better question: How much do you have in your account?
Give me the exact dollar amount. Is it $500, $1,000, 5,000, 25,000, or zero? It's okay. There's no one right answer. I'm just curious to see what you guys are trading with.
Rule number one is cut losses quickly. I don't care how small of an account you have. You have to protect what you have. That said, how best you protect what you have, well, it's growing your knowledge. You have two accounts.
You might not realize it. You have your knowledge account and you have your monetary account. Whether your monetary account is $50, $500, 5,000, or 50,000, or 500,000, too many people don't focus on growing their knowledge account.
I think the best analogy I can make is if you're trying to get fit and you're just doing biceps and chest every single day and you're ignoring your legs. It's all interconnected.
Or your core, right? You don't wanna work your core, you don't wanna work your legs. Trust me, I have problems with that too. But in order to be the healthiest, you have to do an all-around workout. You can't ignore your legs and you cannot ignore growing your knowledge account.
In fact, you should be focused on growing your knowledge account first. So my number one tip right now, yes, cut losses quickly when you're trading. But even before trading or if you're paper trading using stocks and trade software, click the link below for an exclusive offer. We're gonna give that to you as my little thank you for studying. But, number one tip is to cut losses quickly when you're trading or paper trading.
But even before that, number one tip is to grow your knowledge account.
I'm not that organized. Number one tip, number one tip. They're both important, okay? Grow your knowledge account.
Study the past, study the patterns, study the rules so that when you are risking your hard-earned money, you are prepared. That's it. I get a lot of messages from people saying Oh, Tim, c'mon, you're just selling the dream. You can't really grow a small account fast.
Yes, you can.
Every year I go back to $12,000, specifically under the PDT rule. The PDT rule limits you to three day trades per week although you can take a trade overnight every single day. It's just day trades. If you focus on the best patterns using your knowledge account, using my study guides, DVDs, webinars, video lessons, then there is more than enough time to focus on the best place and grow your account substantially. I know past performance is not indicative of future returns.
Penny stock trading is risky. Day trading is risky. Short selling is risky. Life is risky. But, when you have a small account, you don't have any other options.
What are you gonna do? Invest in a mutual fund and you're $1,000? After several years, it might grow to like 2,000? That's not a lot of money, okay? That doesn't buy you anything in the real world and frankly, wastes a lot of time.
What are you gonna do? Invest in, you know, some individual stocks? Even if you pick a big winner like Apple or Facebook, maybe you triple, maybe you quadruple, so you're 1,000 goes to $4,000 in that best case scenario. How do you grow $100, $500, 1,000, 2,000 into 10,000, 20,000, 50,000, 100,000, a million? Is, you know, my track record just fake?
Are all my top students just getting lucky? No. It comes down to being meticulous with strategy. You take one trade at a time, you aim and trade like a sniper, like I say in too many video lessons, and you try to grow it. Let's say you have a $1,000 account or $2,000 account, on your first position, maybe you should be using two, $300.
That's it, right? Start small. It's okay. The money that you make or lose in the beginning is negligible. My top student, as I mentioned, has turned 1,500 of his own money into over eight million.
He made nothing. Goose eggs for nine months. So, if arguably the best penny stock trader in the world makes nothing for nine months, how do you think you're gonna do in your first nine months? I need to get you thinking correctly. Going back to my example 'cause I have ADD, if you put in two or $300 into a trade and hopefully I prepared you to focus on the best trades where there's 20, 30, maybe even 40% upside in a few hours or in a few days, guess what?
With the $300 position, let's say you make 20%, right? $60. After commissions, $50. That's a good start. Then you do it again and again and again.
Maybe you make 50 on this one. Maybe you make 30 on the next. Maybe you lose five or $10 'cause you have to follow rule number one: cut losses quickly. You're gonna lose sometimes. I'm not perfect.
None of my top students are perfect. But at least, start the process, okay? It's not even about the money that you make when you're first beginning with a small account.
It's getting the education, growing your knowledge account. You might only grow your monetary account by like 30, 40, $50, but you're growing your knowledge account.
You might even lose five, 10, $20 on a trade in your monetary account, but you're growing your knowledge account. Your knowledge account keeps growing the more that you do. That's kind of a cool thing. You might lose in the stock market monetarily, but even when you lose, in fact when you lose, it's often the best lessons. You learn what not to do.
You learn to be more conservative, maybe cut losses quicker next time, maybe think about a few more indicators. But your knowledge account is always growing. So the sooner you start learning now, like literally right now, after you watch this video, be like oh wow, Tim, I finally get it.
Maybe this one analogy pushes you over the edge. You start growing your knowledge account now whether you're practice trading using Stockstotrade, remember to click the link just below, whether you're trading with a small account, a $500, $1,000, 2,000.
E-Trade is one of my preferred brokers. They allow accounts to be open for $500. Interactive Brokers is a few thousand. But whether you're making a little or losing a little or just paper trading, at least start growing your knowledge. Get experience and take careful notes, okay?
People ask me: What do you need to do to really grow a small account? Is it just amazing hot picks? You have to get lucky? No, you have to be meticulous and you have to treat this like the process in the marathon that it is.
This is not a sprint, especially when you have a small account.
You're not gonna grow $100, $500, $1,000 into a million anytime soon. Tim Grittani made his first million in three years. There is a whole CNN article. I'll post the link just below this video. That was actually a really good article.
CNN looked at all of his trades, and that story blew up. 1,500 into a million in three years. But understand that the majority of his gains happened during his second and third year, not his first year, so I need you to have the right mindset. I hate getting emails from students who have the wrong mindset. They're like oh, I've been studying hard for three weeks and I'm just not getting it.
And I'm like, yeah, 'cause you're just starting. You're growing your knowledge account. And if you're just starting with literally zero knowledge, that's okay. So many people message me, they're like oh, do I have to be good at math, do I have to know about corporate finance? No, you don't need to know any of that.
Tim Grittani worked as a State Farm agent, okay? And he was in khaki pants selling insurance.
He hated it. He studied hard. He made nothing for the first nine months.
And then even month 10, month 11, month 12, he wasn't making millions. He's making maybe 500, maybe 1,000. You can see all of his trades. They're all public. That's the cool thing about me and all my top students.
We are all totally transparent. We share every single trade that we do. Why is this so important? Because there's so many fakes in this industry. This is why 90% of traders lose.
They don't have the right information. They don't have the right mindset and they don't have the right guidance. I never had a teacher. Remember this, okay? I taught myself everything and I don't want that to be your life 'cause frankly, I have worked too hard to get the knowledge, to get the money, to where I am now.
But you can get the knowledge and get the money to where you wanna go quicker using my lessons. And I know I talk fast. If you have to watch this video lesson or all my video lessons a few times, that's fine. But you gotta start growing your knowledge account ASAP. I'm sorry to be so persistent in that.
I know you just want hot picks. But I have to take away all of your degenerate urges where you just want hot picks. You want hot alerts. You want the chatroom. Listen, the chatroom is useful.
We have a thousand plus traders in my chatroom, which is very good for trade idea generation, but you can also use stocks to trade. That has 40 plus of my scans built in, so you can learn exactly what stands, what setups work the most.
So you have multiple options here. But you gotta get started as soon as possible. Not necessarily trading as soon as possible.
This is a very subtle difference, but it's important. People say, oh, I'm just gonna do nothing while I'm saving up and I'll come back to you in six months. No. You will be hurting your knowledge account. Start studying ASAP.
Read the complete Penny Stock course. I'll post the link just below this video too. Look at all of the links, okay? This book was written by my student Jamil. It covers all of my favorite rules and patterns and lessons that we've learned.
And frankly, he was like Tim, you're disorganized. You have lessons everywhere. Let me put it all in one book. And he did that.
And now it's become a gigantic bestseller.
So that's a good option. We have books, we have software. I have video lessons. But you have to have the right attitude. I can't do that for you, okay?
This is why I make video lessons like this because I'm gonna send this video to everybody who says I have a small account, what should I do? You need to focus on growing your knowledge account ASAP. If I can drill that into your head, fantastic. And then also, understand that it takes time. You have to see a hot play, you have to see a supernova, you have to see a hot sector again and again and again.
And usually, by the third or fourth hot sector that you see, you start to see that the patterns repeat.
But in the beginning, you just see stocks up 50, 100, 200% in the day and you're like (speaks in foreign language). (speaks in foreign language) It's very scary, okay? We're trading the most volatile stocks in the market. I understand the majority of the world hates on penny stocks.
But this is the beauty of being real. This is why I can wear a wrinkled shirt and wear my hat backwards. I can do whatever I want because I've worked my butt off for 20 years. I grew my knowledge account enough to grow my monetary account enough and now, frankly, I'm living the dream life. After this, we're gonna go, go out in my Rolls Royce I just bought, freaking living the life here in Miami.
Are you excited for that, Master P.? - I am 'cause I wanna drive. - Yaaahhh, calm down.
You gotta grow your knowledge account first too. If you're gonna drive my cars, you better know how. Have you ever driven a Rolls Royce before? - Never drive.
- No, so exactly. You're not gonna drive. And this is the same thing. Driving cars, especially expensive cars that you've never driven before, it's very dangerous. Trading is very dangerous.
But you gotta start learning as soon as possible. There's no way they'll drive a Rolls Royce or my Lambo or Ferrari or McLaren to practice it without risking the entire quarter of a million, 300,000. Some of my cars are $400,000. It's very, very dangerous if something goes wrong. With trading, a lot of you guys with small accounts, you look at it as a bad thing.
You're like ah, I can't wait to have a bigger account, then I can make real money. Be grateful when you have a small account because you don't have much to lose, okay? You're starting from the bare bottom. When someone tells me a very sad story, they're like oh, this happened, this happened, this happened, it's so sad.
I'm like well, there's only upside from here.
That's how you have to look at it. And there are actually benefits with small accounts. You can go in and take trades that people with big accounts can't. You can make a quick 10, 20, sometimes 30 or 40% with a small dollar amount as opposed to somebody with a million or $10 million account. They can't take that and move the needle much on their account.
Literally, if you catch one of these high-flying supernovas that have been spiking 100, 200, sometimes even 500% in a day, you can actually grow your account substantially.
I know it's not a lot in the beginning monetarily speaking, but it grows your knowledge account and if you can grow your monetary account at the same time, that's win-win. But understand that your knowledge account has to be just hitting lessons, lessons, lessons. So even if you lose seven trades in a row and you lose $10, $20, $50, $30, and you're like I can't do anything right, even while you're losing, you're growing your knowledge account. And I know it's not fun, I know it's frustrating, but that's how you have to look at this.
You're paying market tuition, okay? So you can either learn the hard way all on your own or you can cut down your learning time and learning curve with me and my lessons. I've been where you are at, okay? I've been under the PDT rule. In fact, I've put myself under the PDT rule every year.
As we're filming this in, what is it, three months into the new year, I went back starting my $12,000 account, which I do every year and I go with a small account just in order to specifically to teach and I donate all the trading profits to charity, but that $12,000 account is up to like 18,800.
So a little over 50% in three months. And I'm not trading perfectly. I'm still traveling. I'm still losing sometimes.
But I like showing you these outsized returns. And I'm not saying that you can necessarily make 50% in three months. This is me after 20 years, after my knowledge account is freaking, you know, my knowledge account is solid, okay? Like it's on steroid, because I've been learning for 20 plus years. More important than how big or small is your monetary account, how big or small is your knowledge account?
And when you're first beginning your knowledge account, it's usually zero.
That's okay. You can still learn. You can still get better. But you gotta be focused and you gotta have the right understanding.
That's what this is all about. Leave a comment underneath this video. Let me know what you think. Hey, Tim Sykes, Millionaire Mentor and Trader. Thank you for watching my videos.
I hope that they help you. I wanna share everything that I've learned over the years. You can check out more videos right over there and also click Subscribe so that you can watch all of these videos, get that knowledge, and become my next millionaire student. (bright music). https://www.trafficwave.net/cgi-bin/newmember/enrlform.cgi/yosehbaez/paid
Thanks for your visit!
https://youtu.be/0uYLc3t3OWk
https://bit.ly/3KXtXLO
- So in this video, we're gonna talk about trading with a very small account. (upbeat music) What's up? Tim Sykes, Millionaire Mentor and Trader here with, you know, my Q&A. It's nothing fancy. I'm just wearing kind of like a wrinkled shirt, answering your questions.
That's what it takes. Like, you just gotta be real in this industry. And if you have a small account, you have no other choice. Okay? You have nothing else to do if you have a small account.
You're gonna have to get started studying ASAP, not necessarily growing your account in any big way ASAP, but starting to study ASAP.
And for those of you who don't really know English that well, ASAP means as soon as possible. It's crazy to me that people don't have the right mindset. Then again, there's so many fakes. There's so many non-millionaires teaching.
There's so many newbies teaching. Frankly, I'm very fortunate not just with the money that I've made but now my 20 plus years of experience, so I've seen a lot of different traders come and go. I've seen what works. I personally have made several million dollars after starting with a few thousand. My top student started with 1,500.
He's now over eight million. So I know what works. And if you have a small account, by the way, leave a comment underneath this video, do you think that you have a small account? Yes or no.
Or actually a better, no, scratch that, better question: How much do you have in your account?
Give me the exact dollar amount. Is it $500, $1,000, 5,000, 25,000, or zero? It's okay. There's no one right answer. I'm just curious to see what you guys are trading with.
Rule number one is cut losses quickly. I don't care how small of an account you have. You have to protect what you have. That said, how best you protect what you have, well, it's growing your knowledge. You have two accounts.
You might not realize it. You have your knowledge account and you have your monetary account. Whether your monetary account is $50, $500, 5,000, or 50,000, or 500,000, too many people don't focus on growing their knowledge account.
I think the best analogy I can make is if you're trying to get fit and you're just doing biceps and chest every single day and you're ignoring your legs. It's all interconnected.
Or your core, right? You don't wanna work your core, you don't wanna work your legs. Trust me, I have problems with that too. But in order to be the healthiest, you have to do an all-around workout. You can't ignore your legs and you cannot ignore growing your knowledge account.
In fact, you should be focused on growing your knowledge account first. So my number one tip right now, yes, cut losses quickly when you're trading. But even before trading or if you're paper trading using stocks and trade software, click the link below for an exclusive offer. We're gonna give that to you as my little thank you for studying. But, number one tip is to cut losses quickly when you're trading or paper trading.
But even before that, number one tip is to grow your knowledge account.
I'm not that organized. Number one tip, number one tip. They're both important, okay? Grow your knowledge account.
Study the past, study the patterns, study the rules so that when you are risking your hard-earned money, you are prepared. That's it. I get a lot of messages from people saying Oh, Tim, c'mon, you're just selling the dream. You can't really grow a small account fast.
Yes, you can.
Every year I go back to $12,000, specifically under the PDT rule. The PDT rule limits you to three day trades per week although you can take a trade overnight every single day. It's just day trades. If you focus on the best patterns using your knowledge account, using my study guides, DVDs, webinars, video lessons, then there is more than enough time to focus on the best place and grow your account substantially. I know past performance is not indicative of future returns.
Penny stock trading is risky. Day trading is risky. Short selling is risky. Life is risky. But, when you have a small account, you don't have any other options.
What are you gonna do? Invest in a mutual fund and you're $1,000? After several years, it might grow to like 2,000? That's not a lot of money, okay? That doesn't buy you anything in the real world and frankly, wastes a lot of time.
What are you gonna do? Invest in, you know, some individual stocks? Even if you pick a big winner like Apple or Facebook, maybe you triple, maybe you quadruple, so you're 1,000 goes to $4,000 in that best case scenario. How do you grow $100, $500, 1,000, 2,000 into 10,000, 20,000, 50,000, 100,000, a million? Is, you know, my track record just fake?
Are all my top students just getting lucky? No. It comes down to being meticulous with strategy. You take one trade at a time, you aim and trade like a sniper, like I say in too many video lessons, and you try to grow it. Let's say you have a $1,000 account or $2,000 account, on your first position, maybe you should be using two, $300.
That's it, right? Start small. It's okay. The money that you make or lose in the beginning is negligible. My top student, as I mentioned, has turned 1,500 of his own money into over eight million.
He made nothing. Goose eggs for nine months. So, if arguably the best penny stock trader in the world makes nothing for nine months, how do you think you're gonna do in your first nine months? I need to get you thinking correctly. Going back to my example 'cause I have ADD, if you put in two or $300 into a trade and hopefully I prepared you to focus on the best trades where there's 20, 30, maybe even 40% upside in a few hours or in a few days, guess what?
With the $300 position, let's say you make 20%, right? $60. After commissions, $50. That's a good start. Then you do it again and again and again.
Maybe you make 50 on this one. Maybe you make 30 on the next. Maybe you lose five or $10 'cause you have to follow rule number one: cut losses quickly. You're gonna lose sometimes. I'm not perfect.
None of my top students are perfect. But at least, start the process, okay? It's not even about the money that you make when you're first beginning with a small account.
It's getting the education, growing your knowledge account. You might only grow your monetary account by like 30, 40, $50, but you're growing your knowledge account.
You might even lose five, 10, $20 on a trade in your monetary account, but you're growing your knowledge account. Your knowledge account keeps growing the more that you do. That's kind of a cool thing. You might lose in the stock market monetarily, but even when you lose, in fact when you lose, it's often the best lessons. You learn what not to do.
You learn to be more conservative, maybe cut losses quicker next time, maybe think about a few more indicators. But your knowledge account is always growing. So the sooner you start learning now, like literally right now, after you watch this video, be like oh wow, Tim, I finally get it.
Maybe this one analogy pushes you over the edge. You start growing your knowledge account now whether you're practice trading using Stockstotrade, remember to click the link just below, whether you're trading with a small account, a $500, $1,000, 2,000.
E-Trade is one of my preferred brokers. They allow accounts to be open for $500. Interactive Brokers is a few thousand. But whether you're making a little or losing a little or just paper trading, at least start growing your knowledge. Get experience and take careful notes, okay?
People ask me: What do you need to do to really grow a small account? Is it just amazing hot picks? You have to get lucky? No, you have to be meticulous and you have to treat this like the process in the marathon that it is.
This is not a sprint, especially when you have a small account.
You're not gonna grow $100, $500, $1,000 into a million anytime soon. Tim Grittani made his first million in three years. There is a whole CNN article. I'll post the link just below this video. That was actually a really good article.
CNN looked at all of his trades, and that story blew up. 1,500 into a million in three years. But understand that the majority of his gains happened during his second and third year, not his first year, so I need you to have the right mindset. I hate getting emails from students who have the wrong mindset. They're like oh, I've been studying hard for three weeks and I'm just not getting it.
And I'm like, yeah, 'cause you're just starting. You're growing your knowledge account. And if you're just starting with literally zero knowledge, that's okay. So many people message me, they're like oh, do I have to be good at math, do I have to know about corporate finance? No, you don't need to know any of that.
Tim Grittani worked as a State Farm agent, okay? And he was in khaki pants selling insurance.
He hated it. He studied hard. He made nothing for the first nine months.
And then even month 10, month 11, month 12, he wasn't making millions. He's making maybe 500, maybe 1,000. You can see all of his trades. They're all public. That's the cool thing about me and all my top students.
We are all totally transparent. We share every single trade that we do. Why is this so important? Because there's so many fakes in this industry. This is why 90% of traders lose.
They don't have the right information. They don't have the right mindset and they don't have the right guidance. I never had a teacher. Remember this, okay? I taught myself everything and I don't want that to be your life 'cause frankly, I have worked too hard to get the knowledge, to get the money, to where I am now.
But you can get the knowledge and get the money to where you wanna go quicker using my lessons. And I know I talk fast. If you have to watch this video lesson or all my video lessons a few times, that's fine. But you gotta start growing your knowledge account ASAP. I'm sorry to be so persistent in that.
I know you just want hot picks. But I have to take away all of your degenerate urges where you just want hot picks. You want hot alerts. You want the chatroom. Listen, the chatroom is useful.
We have a thousand plus traders in my chatroom, which is very good for trade idea generation, but you can also use stocks to trade. That has 40 plus of my scans built in, so you can learn exactly what stands, what setups work the most.
So you have multiple options here. But you gotta get started as soon as possible. Not necessarily trading as soon as possible.
This is a very subtle difference, but it's important. People say, oh, I'm just gonna do nothing while I'm saving up and I'll come back to you in six months. No. You will be hurting your knowledge account. Start studying ASAP.
Read the complete Penny Stock course. I'll post the link just below this video too. Look at all of the links, okay? This book was written by my student Jamil. It covers all of my favorite rules and patterns and lessons that we've learned.
And frankly, he was like Tim, you're disorganized. You have lessons everywhere. Let me put it all in one book. And he did that.
And now it's become a gigantic bestseller.
So that's a good option. We have books, we have software. I have video lessons. But you have to have the right attitude. I can't do that for you, okay?
This is why I make video lessons like this because I'm gonna send this video to everybody who says I have a small account, what should I do? You need to focus on growing your knowledge account ASAP. If I can drill that into your head, fantastic. And then also, understand that it takes time. You have to see a hot play, you have to see a supernova, you have to see a hot sector again and again and again.
And usually, by the third or fourth hot sector that you see, you start to see that the patterns repeat.
But in the beginning, you just see stocks up 50, 100, 200% in the day and you're like (speaks in foreign language). (speaks in foreign language) It's very scary, okay? We're trading the most volatile stocks in the market. I understand the majority of the world hates on penny stocks.
But this is the beauty of being real. This is why I can wear a wrinkled shirt and wear my hat backwards. I can do whatever I want because I've worked my butt off for 20 years. I grew my knowledge account enough to grow my monetary account enough and now, frankly, I'm living the dream life. After this, we're gonna go, go out in my Rolls Royce I just bought, freaking living the life here in Miami.
Are you excited for that, Master P.? - I am 'cause I wanna drive. - Yaaahhh, calm down.
You gotta grow your knowledge account first too. If you're gonna drive my cars, you better know how. Have you ever driven a Rolls Royce before? - Never drive.
- No, so exactly. You're not gonna drive. And this is the same thing. Driving cars, especially expensive cars that you've never driven before, it's very dangerous. Trading is very dangerous.
But you gotta start learning as soon as possible. There's no way they'll drive a Rolls Royce or my Lambo or Ferrari or McLaren to practice it without risking the entire quarter of a million, 300,000. Some of my cars are $400,000. It's very, very dangerous if something goes wrong. With trading, a lot of you guys with small accounts, you look at it as a bad thing.
You're like ah, I can't wait to have a bigger account, then I can make real money. Be grateful when you have a small account because you don't have much to lose, okay? You're starting from the bare bottom. When someone tells me a very sad story, they're like oh, this happened, this happened, this happened, it's so sad.
I'm like well, there's only upside from here.
That's how you have to look at it. And there are actually benefits with small accounts. You can go in and take trades that people with big accounts can't. You can make a quick 10, 20, sometimes 30 or 40% with a small dollar amount as opposed to somebody with a million or $10 million account. They can't take that and move the needle much on their account.
Literally, if you catch one of these high-flying supernovas that have been spiking 100, 200, sometimes even 500% in a day, you can actually grow your account substantially.
I know it's not a lot in the beginning monetarily speaking, but it grows your knowledge account and if you can grow your monetary account at the same time, that's win-win. But understand that your knowledge account has to be just hitting lessons, lessons, lessons. So even if you lose seven trades in a row and you lose $10, $20, $50, $30, and you're like I can't do anything right, even while you're losing, you're growing your knowledge account. And I know it's not fun, I know it's frustrating, but that's how you have to look at this.
You're paying market tuition, okay? So you can either learn the hard way all on your own or you can cut down your learning time and learning curve with me and my lessons. I've been where you are at, okay? I've been under the PDT rule. In fact, I've put myself under the PDT rule every year.
As we're filming this in, what is it, three months into the new year, I went back starting my $12,000 account, which I do every year and I go with a small account just in order to specifically to teach and I donate all the trading profits to charity, but that $12,000 account is up to like 18,800.
So a little over 50% in three months. And I'm not trading perfectly. I'm still traveling. I'm still losing sometimes.
But I like showing you these outsized returns. And I'm not saying that you can necessarily make 50% in three months. This is me after 20 years, after my knowledge account is freaking, you know, my knowledge account is solid, okay? Like it's on steroid, because I've been learning for 20 plus years. More important than how big or small is your monetary account, how big or small is your knowledge account?
And when you're first beginning your knowledge account, it's usually zero.
That's okay. You can still learn. You can still get better. But you gotta be focused and you gotta have the right understanding.
That's what this is all about. Leave a comment underneath this video. Let me know what you think. Hey, Tim Sykes, Millionaire Mentor and Trader. Thank you for watching my videos.
I hope that they help you. I wanna share everything that I've learned over the years. You can check out more videos right over there and also click Subscribe so that you can watch all of these videos, get that knowledge, and become my next millionaire student. (bright music). https://www.trafficwave.net/cgi-bin/newmember/enrlform.cgi/yosehbaez/paid
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Beginner's guide to pocket hole joinery WOODWORKING BASICS
Beginner's guide to pocket hole joinery WOODWORKING BASICS
Big award show this weekend. I really hope Leo wins for his riveting performance as ... Love it or hate it, pocket hole joinery has made making things a lot easier for a whole new generation of builders.
There's a lot to like about the technique. You can build things that are very strong with no special skills or experience needed. And the cost of getting started is relatively affordable. My show is mostly project based. Usually I'm more interested in getting something made rather than the process of making.
I do like to find a balance between enjoying the process and having fun, yet not getting bogged down in complex skills. However, there are a lot of people whose focus is tilted more towards technique and fine craftmanship.
I admire those of you who will spend six months or more working on an amazing heirloom quality project with hand-cut dovetails and mortise and tenon joinery. Making things is fun and rewarding no matter how you approach it. This video is for people who are new to or inexperienced with woodworking but want to get started making and completing projects without a lot of fuss.
And maybe after completing a few quick and easy projects using pocket screws, you may gain the confidence to explore more complex joinery techniques. The possibilities are endless. One thing I want to mention is that all of my pocket hole tools are from Kreg. Kreg does not sponsor Woodworking for Mere Mortals, nor am I compensated for this video. There are other brands that make pocket hole jigs too, I'm just familiar with the Kreg jig.
Sometimes screwing into the end-grain of a board is fine but it isn't the strongest connection. Think of the end-grain of wood like this stack of pencils with all of the fibers running in this direction.
When you screw into them the wood fibers can just separate without giving the screw much to bite into. Screwing into the edge- or the face-grain of a board will give you much better holding power. So in a situation like this the problem is how to join the boards together this way so that the screws aren't going into the end-grain.
The solution is to drive a screw through this face-grain at an angle into that face-grain. To make a strong connection you need a special drill bit and a special screw. This is a stepped bit; it has a narrow tip for guiding the screw, and a wider part for making the pocket hole. This area where the two sections meet creates a flat ledge that the head of the special pocket screws rest on. I've cut away this board so you can see how the wide, flat head of the screw holds tight against that ledge.
It's kinda like a screw with a built-in washer.
It's a good idea to attach the jig to something so it doesn't move. First, you'll need to adjust this thing to match the thickness of the wood you're using. There's markings on the side and positive stops I've rarely had to adjust that because I almost always drill pocket holes in three-quarter inch thick boards. Next you need to set the depth of the hole by adjusting this collar on the drill bit.
You loosen it with a hex wrench. Then drop the bit into one of these guide holes. I let it touch the plastic base, then I back it off just a hair. Then I can lock down this collar. So that'll stop the bit from drilling into the base.
And this is also something I rarely need to adjust. Adjust this part to the thickness of your board. One other thing I highly recommend is this vacuum attachment. It's amazing how much of a mess drilling these holes makes. Hooking up a shop-vac removes almost all of it.
Using the pocket hole jig is simple. There are three guide holes that help you to space apart your pocket holes however you like. Then you just set your board in place and lock it down. With your drill set to its highest speed, drill into the board until the collar stops it. Usually you'll drill on the ends of the boards.
But sometimes, say if you want to join two boards together like that, you may need to drill along the edge. The important thing to remember is that the point of the screw needs to go into the edge-grain, or the face-grain, so a connection going this way would make for a weak joint. On the packages of the screws there's a chart to help you figure out what length of screw you'll need. Obviously you want the screw to go into the board as far as possible without poking through the other side. And running a couple of tests on some scrap boards is always a good idea.
Most of the time I use inch and a quarter screws since I most use three-quarter inch thick lumber.
Also the screws come in fine or coarse thread. I use the fine thread screws only for hard woods like oak or maple. For almost all other lumber and plywood use the coarse thread screws. Basically I just keep a supply of the inch and a quarter coarse thread screws on hand at all times.
To join the boards they need to be clamped together while driving the screws. If you don't, the twisting motion of the screw will shift them apart, and they won't be flush. For joining together flat edges like for a picture frame or the face frame of a cabinet I use this clamp right across the joint to keep the boards in place.
These are square drive screws, and one of these long drivers makes it easy to drive them. Set your drill to a slow speed.
I usually drive the screws in by feel, stopping just when I feel them tighten. Be careful you don't drive them too fast or with to much torque which can cause them to blast all the way through the wood. For that reason I also don't recommend using an impact driver. If you're afraid you might drive the screws in too deep, the safest technique is to adjust this clutch on your drill - you know, this thing that you probably never use and maybe you didn't even know what is was for.
Set it to a low number, then it'll tighten the screw but stop before it drives it in too far.
You'll probably be surprised how strong that joint is. Now let's say you wanna join your pieces together at a ninety degree angle, say for a bookcase or a box. You still need to clamp them together but obviously this kind of a clamp won't work. One method is to use a bar clamp or a pipe clamp. You can also use one of these specialty clamps that works like this.
Be aware of the direction your screws are going. Always make sure they're going into the meat of the wood so to speak. In other words, you always want the screws angled in toward the main part of the board, not toward the end. There's just not enough wood there to hold it. One of the drawbacks to using pocket holes is that they can be an eyesore.
Usually it's pretty easy to conceal them in the back or underneath projects in such a way that they're not visible.
But sometimes on projects it's just impossible to avoid placing them in a visible location. The easiest way to hide them is to plug the holes. You can either buy these pre-made wooden plugs or you can just use a dowel, glued into place and sanded flush. For painted projects especially, that's a good solution.
Once it's painted over you'll never see that patch. So let me know what you think about pocket hole joinery. Do you use pocket srews, and if so do you have any tips and tricks you'd like to share with others? Please leave your comments and questions about pocket holes down below and I'll answer some of those early next week on More Minutes. Thank you for joining me for another basics video.
Have a great week, and I'll see you next Friday..
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Thanks for your visit!
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Big award show this weekend. I really hope Leo wins for his riveting performance as ... Love it or hate it, pocket hole joinery has made making things a lot easier for a whole new generation of builders.
There's a lot to like about the technique. You can build things that are very strong with no special skills or experience needed. And the cost of getting started is relatively affordable. My show is mostly project based. Usually I'm more interested in getting something made rather than the process of making.
I do like to find a balance between enjoying the process and having fun, yet not getting bogged down in complex skills. However, there are a lot of people whose focus is tilted more towards technique and fine craftmanship.
I admire those of you who will spend six months or more working on an amazing heirloom quality project with hand-cut dovetails and mortise and tenon joinery. Making things is fun and rewarding no matter how you approach it. This video is for people who are new to or inexperienced with woodworking but want to get started making and completing projects without a lot of fuss.
And maybe after completing a few quick and easy projects using pocket screws, you may gain the confidence to explore more complex joinery techniques. The possibilities are endless. One thing I want to mention is that all of my pocket hole tools are from Kreg. Kreg does not sponsor Woodworking for Mere Mortals, nor am I compensated for this video. There are other brands that make pocket hole jigs too, I'm just familiar with the Kreg jig.
Sometimes screwing into the end-grain of a board is fine but it isn't the strongest connection. Think of the end-grain of wood like this stack of pencils with all of the fibers running in this direction.
When you screw into them the wood fibers can just separate without giving the screw much to bite into. Screwing into the edge- or the face-grain of a board will give you much better holding power. So in a situation like this the problem is how to join the boards together this way so that the screws aren't going into the end-grain.
The solution is to drive a screw through this face-grain at an angle into that face-grain. To make a strong connection you need a special drill bit and a special screw. This is a stepped bit; it has a narrow tip for guiding the screw, and a wider part for making the pocket hole. This area where the two sections meet creates a flat ledge that the head of the special pocket screws rest on. I've cut away this board so you can see how the wide, flat head of the screw holds tight against that ledge.
It's kinda like a screw with a built-in washer.
It's a good idea to attach the jig to something so it doesn't move. First, you'll need to adjust this thing to match the thickness of the wood you're using. There's markings on the side and positive stops I've rarely had to adjust that because I almost always drill pocket holes in three-quarter inch thick boards. Next you need to set the depth of the hole by adjusting this collar on the drill bit.
You loosen it with a hex wrench. Then drop the bit into one of these guide holes. I let it touch the plastic base, then I back it off just a hair. Then I can lock down this collar. So that'll stop the bit from drilling into the base.
And this is also something I rarely need to adjust. Adjust this part to the thickness of your board. One other thing I highly recommend is this vacuum attachment. It's amazing how much of a mess drilling these holes makes. Hooking up a shop-vac removes almost all of it.
Using the pocket hole jig is simple. There are three guide holes that help you to space apart your pocket holes however you like. Then you just set your board in place and lock it down. With your drill set to its highest speed, drill into the board until the collar stops it. Usually you'll drill on the ends of the boards.
But sometimes, say if you want to join two boards together like that, you may need to drill along the edge. The important thing to remember is that the point of the screw needs to go into the edge-grain, or the face-grain, so a connection going this way would make for a weak joint. On the packages of the screws there's a chart to help you figure out what length of screw you'll need. Obviously you want the screw to go into the board as far as possible without poking through the other side. And running a couple of tests on some scrap boards is always a good idea.
Most of the time I use inch and a quarter screws since I most use three-quarter inch thick lumber.
Also the screws come in fine or coarse thread. I use the fine thread screws only for hard woods like oak or maple. For almost all other lumber and plywood use the coarse thread screws. Basically I just keep a supply of the inch and a quarter coarse thread screws on hand at all times.
To join the boards they need to be clamped together while driving the screws. If you don't, the twisting motion of the screw will shift them apart, and they won't be flush. For joining together flat edges like for a picture frame or the face frame of a cabinet I use this clamp right across the joint to keep the boards in place.
These are square drive screws, and one of these long drivers makes it easy to drive them. Set your drill to a slow speed.
I usually drive the screws in by feel, stopping just when I feel them tighten. Be careful you don't drive them too fast or with to much torque which can cause them to blast all the way through the wood. For that reason I also don't recommend using an impact driver. If you're afraid you might drive the screws in too deep, the safest technique is to adjust this clutch on your drill - you know, this thing that you probably never use and maybe you didn't even know what is was for.
Set it to a low number, then it'll tighten the screw but stop before it drives it in too far.
You'll probably be surprised how strong that joint is. Now let's say you wanna join your pieces together at a ninety degree angle, say for a bookcase or a box. You still need to clamp them together but obviously this kind of a clamp won't work. One method is to use a bar clamp or a pipe clamp. You can also use one of these specialty clamps that works like this.
Be aware of the direction your screws are going. Always make sure they're going into the meat of the wood so to speak. In other words, you always want the screws angled in toward the main part of the board, not toward the end. There's just not enough wood there to hold it. One of the drawbacks to using pocket holes is that they can be an eyesore.
Usually it's pretty easy to conceal them in the back or underneath projects in such a way that they're not visible.
But sometimes on projects it's just impossible to avoid placing them in a visible location. The easiest way to hide them is to plug the holes. You can either buy these pre-made wooden plugs or you can just use a dowel, glued into place and sanded flush. For painted projects especially, that's a good solution.
Once it's painted over you'll never see that patch. So let me know what you think about pocket hole joinery. Do you use pocket srews, and if so do you have any tips and tricks you'd like to share with others? Please leave your comments and questions about pocket holes down below and I'll answer some of those early next week on More Minutes. Thank you for joining me for another basics video.
Have a great week, and I'll see you next Friday..
https://www.trafficwave.net/cgi-bin/newmember/enrlform.cgi/yosehbaez/paid
Thanks for your visit!
https://youtu.be/mvO6zaIUO18
https://bit.ly/3MSmyyD
What's inside Blurred Money?
What's inside Blurred Money?
- Today's video is sponsored by a Bitdefender. This is blurred money. Is it real or is it fake? (money splashing) Whoa. All right, it's kinda sad cause this looks really cool.
(upbeat music) - Oh baby! - Welcome back to what's inside today where you're going to see what's inside some blurred money. - Yeah this money right here is not blurred. - It's a lot. - This is real money.
This is a lot of money we got here. - Wow. - Money. What do kids buy at your school these days? - T'sa shoes.
- Lots of shoes. How many shoes could you buy with this? So many - A lot. - If you are somebody that's a fan of TikTok you've probably already seen this blurred money on TikTok. We saw it.
David Dobrik did a TikTok on it and we were like, "What is that? Is it a editing trick or is it a real thing? Turns out it's a real thing. We've got it right here.
We've got the - Blur.
(upbeat music) - All right, why don't you open your first? - Check. I mean It just looks weird. (Dan laughs) Wow. That is weird.
- Look at that. - That looks really cool from like a further distance. - It looks really cool. - Yeah. - So the one thing - That's awesome.
I got to have on my money is a strap like a pink strap that goes around it. - Yeah. - This is just factual money, but it's kinda crazy. - That looks pretty real. - It does look very real.
- Yeah. - It looks like there's money inside of here.
Is there money inside of it? So the cool thing about the blurred money is that for you guys, it looks probably pretty cool on camera, but for us, it looks even tripper when you're on camera. Like if I get my phone - Yeah - and I record this, it is crazy.
Look at that. (Dan laughs) In person, it kinda does look like it's a glass case and it's not a see-through glass case and inside of it, there's actual money down inside of it and you're just looking through and you're seeing it. I don't know if that makes sense but that's kinda what it looks like. Like it does look like there's some sort of real money inside of there. And that ties in really well with today's sponsor which is Bitdefender.
When you're in the digital world whether it's online or on your personal computer, it's hard to tell sometimes the difference between a real mail or a fake email or a real app or a fake app. Bitdefender is a global cybersecurity leader protecting over 500 million systems in over 150 countries. Recently, we had a bit of an issue with our cyber security here at our house. A dude in the Netherlands accessed the security system cameras for our entire house.
- Luckily it was like a nice guy who was trying to help us.
- Yeah, I think we had over a hundred million views just off of videos about our home. Well, one of them we showed the security cameras in our house. We showed kind of the network and the system and how integrated it is. And at one point in the video, I accidentally showed my IP address. It was in there.
The IP address is a bunch of little numbers that kind of is the address of what your internet system is. And it turns out IP address doesn't change as often as what our internet provider said that it would.
I learned a good lesson about internet security and safety and privacy. This is where Bitdefender can come in and save you. And we're going to put a link in the description, where we're giving away four months free of Bitdefender, so you can give it a try, risk-free for four months, and actually test it out and see how it protects you.
Bitdefender will stop attacks before they even begin. So they will notice when unusual activity is coming onto your network or trying to come onto your network and it shuts it down because most people have vulnerabilities in their internet system and in their network. A lot of people are working from home. They have their company's information that's on their personal computers and if there's vulnerabilities in their network, it can cause problems, like a lot of data could leak out there that you don't want to have it leaked out. There's also really good web protection.
So anti-phishing stuff. So phishing not with the fishing pole. There's webpages that look incredibly real and they're not real and Bitdefender will analyze that and stop you from going in there.
You have a VPN that is connected when any apps that are on your phone or on your computer are trying to access your camera. Yes, it will tell you when somebody's trying to access it.
And this is called the microphone monitor. And would you have a VPN on the network that is not a good VPN, a lot of times what it does is it throttles your internet usage and like how much data can go up and down. And Lincoln gets really mad about his ping. My ping is so bad. There is a parental control that can limit your usage time, like screen time and also limit what websites you go to.
So take a minute after this video and click on the link in the description and go to Bitdefender's website through our link, where Bitdefender is giving away to you our viewers, the first four months, so you can use it for free and if you like it, keep it.
And thank you to Bitdefender for sponsoring this video. So if this is real money, then - Hopefully - hopefully the police don't know where we live cause we are about to have a felony or a misdemeanor or something crime because we are gonna destroy this. - We are safe now. - I got this.
All right, it's kinda sad cause this looks really cool. - We'll go save one. - It's been a while since we've actually destroyed something inside of here. - I feel like this is gonna scratch the table.
- Right here we have a big scratch from the hatchet.
Bam. - Yeah. - But what if I take it and I hit it right there. Do you think this will actually go in it? We do have, - Yes.
- The (indistinct) knife. I think I can cut it, but let's just do this first. Let's do one shot just a bam. - Okay. - It's not really that sharp.
- Yeah but it's still a hatchet. Just please don't scratch the table too bad. (upbeat music) - Oh. - Baby - Oh, oh. That was went through.
- Oh. - That's gonna go through the table. (Dan laughs) I thought it went through.
- Oh, look at that. We got inside of it.
I'm terrible with the hatchet. I just hit it with the bottom corner. - Yeah I mean, if that would have kept going through or just like slid out a little bit, that would totally mess up the table. - Can you see it on there. Look at that, look at the edge right there.
Okay. - Wow. It is kinda like rubber though, right? Blurred lines, we're fine. Blurred money.
(Dan laughs) Here we go. (Dan sighs) Wow. Ease up. - Okay. - This side.
- Okay. - Oh. - No. - Oh - Okay, that's it, that's it. It's gonna go through, it's gonna go through.
- Ay! - Perfect. That sounds good. All right Lincoln do the honors of finalizing this brick. The blurred money, what's inside of blurred money?
- Oh! - Oh my gosh.
- It's just like a spray paint, like cover on it. - It's a giant eraser. - It is.
- It's like a pencil eraser. - It's eraser. - Does it smell like a pencil eraser? Don't erase that. I'm gonna get this paper and a pencil.
Hold on. - If they actually like erase paper, that'd be really cool cause it feels like the same material. It's like this little, you know, like a (indistinct) eraser, like the cool shavings on it. That's what it feels like. - Okay, I got it.
I got it. - Okay, what did you write? - Okay. - Let's see. - Here we go.
There is the paper right there. All right, Lincoln can you erase this? - Linkpie is veri- Yeah, I got verified on Instagram. - He did. - It was really cool.
- And we got him a cake.
- Oh, Lincoln got verified on Instagram. - Wow. - Eat it. - This is the test.
It is. It's kind of an eraser. It erases it. (Dan laughs) It erases it. - Inside of blurred money.
- Is it erasing? I mean that makes sense. It's got a little bit of a blur on it on the words. - Blurred. So here is the plan.
We have all of this money. - Oh, no, no - And we are going to give away - Oh, if it was like $1 bill, - this. - It'd be okay. - We're gonna give this away.
We'll give this away to one of you in the comments and you guys we'll mail this to you if somebody really wants this, we will actually throw it inside of a backpack.
So you can take it to school. It's a free backpack and this. Leave a message in the comments. I'm actually not comfortable even having this much money out. - Yeah, and throwing it on the ground.
(money splashing) - Whoa. It did not work earlier, I don't even know. We filmed that like 20 times. If you could see how many times we're like. (money splashing) We have not one of, we have the best editor - The best.
- In all of YouTube and I'm sure that looked amazing right there. (upbeat music) (money splashing) - It says on this one, "You get what you get and you don't get upset." Isn't that supposed to be you get what you get and you don't throw a fit. - Yeah. - Oh well.
Back to the bank this goes. Money..
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- Today's video is sponsored by a Bitdefender. This is blurred money. Is it real or is it fake? (money splashing) Whoa. All right, it's kinda sad cause this looks really cool.
(upbeat music) - Oh baby! - Welcome back to what's inside today where you're going to see what's inside some blurred money. - Yeah this money right here is not blurred. - It's a lot. - This is real money.
This is a lot of money we got here. - Wow. - Money. What do kids buy at your school these days? - T'sa shoes.
- Lots of shoes. How many shoes could you buy with this? So many - A lot. - If you are somebody that's a fan of TikTok you've probably already seen this blurred money on TikTok. We saw it.
David Dobrik did a TikTok on it and we were like, "What is that? Is it a editing trick or is it a real thing? Turns out it's a real thing. We've got it right here.
We've got the - Blur.
(upbeat music) - All right, why don't you open your first? - Check. I mean It just looks weird. (Dan laughs) Wow. That is weird.
- Look at that. - That looks really cool from like a further distance. - It looks really cool. - Yeah. - So the one thing - That's awesome.
I got to have on my money is a strap like a pink strap that goes around it. - Yeah. - This is just factual money, but it's kinda crazy. - That looks pretty real. - It does look very real.
- Yeah. - It looks like there's money inside of here.
Is there money inside of it? So the cool thing about the blurred money is that for you guys, it looks probably pretty cool on camera, but for us, it looks even tripper when you're on camera. Like if I get my phone - Yeah - and I record this, it is crazy.
Look at that. (Dan laughs) In person, it kinda does look like it's a glass case and it's not a see-through glass case and inside of it, there's actual money down inside of it and you're just looking through and you're seeing it. I don't know if that makes sense but that's kinda what it looks like. Like it does look like there's some sort of real money inside of there. And that ties in really well with today's sponsor which is Bitdefender.
When you're in the digital world whether it's online or on your personal computer, it's hard to tell sometimes the difference between a real mail or a fake email or a real app or a fake app. Bitdefender is a global cybersecurity leader protecting over 500 million systems in over 150 countries. Recently, we had a bit of an issue with our cyber security here at our house. A dude in the Netherlands accessed the security system cameras for our entire house.
- Luckily it was like a nice guy who was trying to help us.
- Yeah, I think we had over a hundred million views just off of videos about our home. Well, one of them we showed the security cameras in our house. We showed kind of the network and the system and how integrated it is. And at one point in the video, I accidentally showed my IP address. It was in there.
The IP address is a bunch of little numbers that kind of is the address of what your internet system is. And it turns out IP address doesn't change as often as what our internet provider said that it would.
I learned a good lesson about internet security and safety and privacy. This is where Bitdefender can come in and save you. And we're going to put a link in the description, where we're giving away four months free of Bitdefender, so you can give it a try, risk-free for four months, and actually test it out and see how it protects you.
Bitdefender will stop attacks before they even begin. So they will notice when unusual activity is coming onto your network or trying to come onto your network and it shuts it down because most people have vulnerabilities in their internet system and in their network. A lot of people are working from home. They have their company's information that's on their personal computers and if there's vulnerabilities in their network, it can cause problems, like a lot of data could leak out there that you don't want to have it leaked out. There's also really good web protection.
So anti-phishing stuff. So phishing not with the fishing pole. There's webpages that look incredibly real and they're not real and Bitdefender will analyze that and stop you from going in there.
You have a VPN that is connected when any apps that are on your phone or on your computer are trying to access your camera. Yes, it will tell you when somebody's trying to access it.
And this is called the microphone monitor. And would you have a VPN on the network that is not a good VPN, a lot of times what it does is it throttles your internet usage and like how much data can go up and down. And Lincoln gets really mad about his ping. My ping is so bad. There is a parental control that can limit your usage time, like screen time and also limit what websites you go to.
So take a minute after this video and click on the link in the description and go to Bitdefender's website through our link, where Bitdefender is giving away to you our viewers, the first four months, so you can use it for free and if you like it, keep it.
And thank you to Bitdefender for sponsoring this video. So if this is real money, then - Hopefully - hopefully the police don't know where we live cause we are about to have a felony or a misdemeanor or something crime because we are gonna destroy this. - We are safe now. - I got this.
All right, it's kinda sad cause this looks really cool. - We'll go save one. - It's been a while since we've actually destroyed something inside of here. - I feel like this is gonna scratch the table.
- Right here we have a big scratch from the hatchet.
Bam. - Yeah. - But what if I take it and I hit it right there. Do you think this will actually go in it? We do have, - Yes.
- The (indistinct) knife. I think I can cut it, but let's just do this first. Let's do one shot just a bam. - Okay. - It's not really that sharp.
- Yeah but it's still a hatchet. Just please don't scratch the table too bad. (upbeat music) - Oh. - Baby - Oh, oh. That was went through.
- Oh. - That's gonna go through the table. (Dan laughs) I thought it went through.
- Oh, look at that. We got inside of it.
I'm terrible with the hatchet. I just hit it with the bottom corner. - Yeah I mean, if that would have kept going through or just like slid out a little bit, that would totally mess up the table. - Can you see it on there. Look at that, look at the edge right there.
Okay. - Wow. It is kinda like rubber though, right? Blurred lines, we're fine. Blurred money.
(Dan laughs) Here we go. (Dan sighs) Wow. Ease up. - Okay. - This side.
- Okay. - Oh. - No. - Oh - Okay, that's it, that's it. It's gonna go through, it's gonna go through.
- Ay! - Perfect. That sounds good. All right Lincoln do the honors of finalizing this brick. The blurred money, what's inside of blurred money?
- Oh! - Oh my gosh.
- It's just like a spray paint, like cover on it. - It's a giant eraser. - It is.
- It's like a pencil eraser. - It's eraser. - Does it smell like a pencil eraser? Don't erase that. I'm gonna get this paper and a pencil.
Hold on. - If they actually like erase paper, that'd be really cool cause it feels like the same material. It's like this little, you know, like a (indistinct) eraser, like the cool shavings on it. That's what it feels like. - Okay, I got it.
I got it. - Okay, what did you write? - Okay. - Let's see. - Here we go.
There is the paper right there. All right, Lincoln can you erase this? - Linkpie is veri- Yeah, I got verified on Instagram. - He did. - It was really cool.
- And we got him a cake.
- Oh, Lincoln got verified on Instagram. - Wow. - Eat it. - This is the test.
It is. It's kind of an eraser. It erases it. (Dan laughs) It erases it. - Inside of blurred money.
- Is it erasing? I mean that makes sense. It's got a little bit of a blur on it on the words. - Blurred. So here is the plan.
We have all of this money. - Oh, no, no - And we are going to give away - Oh, if it was like $1 bill, - this. - It'd be okay. - We're gonna give this away.
We'll give this away to one of you in the comments and you guys we'll mail this to you if somebody really wants this, we will actually throw it inside of a backpack.
So you can take it to school. It's a free backpack and this. Leave a message in the comments. I'm actually not comfortable even having this much money out. - Yeah, and throwing it on the ground.
(money splashing) - Whoa. It did not work earlier, I don't even know. We filmed that like 20 times. If you could see how many times we're like. (money splashing) We have not one of, we have the best editor - The best.
- In all of YouTube and I'm sure that looked amazing right there. (upbeat music) (money splashing) - It says on this one, "You get what you get and you don't get upset." Isn't that supposed to be you get what you get and you don't throw a fit. - Yeah. - Oh well.
Back to the bank this goes. Money..
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