Monthly Archives: August 2017

Using Your Time Effectively—When You Should Outsource
Aug 31

Using Your Time Effectively—When You Should Outsource

In today’s episode of The Art of Passive Income, Mark and Scott talk to Miranda Marquit—PlantingMoneySeeds.com.

With an M.A. in journalism, Miranda’s a freelance writer and has been writing about finances since 2006. She‘s been mentioned in USA Today, The Huffington Post, San Francisco Chronicles, New York Times, Consumerist, The Atlantic Wire, The Wall Street Journal, and the Washington Post.

Topics discussed:

  • Leveraging time—Knowing when and what to outsource.
  • Finding the right partners to work with by finding people whose strengths compliment your weaknesses.
If you're doing work that you can hire someone at a cheaper rate to do, you're not leveraging time. Click To Tweet

Listen in now to hear about her biggest lesson learned as a freelancer and as we delve deep into leveraging and finances. Plus, she answers Mark’s tough question of the week: Tell us something we don’t know about either personal finance or investing.

TIP OF THE WEEK

Mark: Learn more about Miranda by going to her website at PlantingMoneySeeds.com.

Scott: Check out AirSelfieCamera.com. It’s an iPhone 7 case that becomes a drone that you can use to do air selfies. 

Miranda: Read the book The Obstacle is the Way: The Timeless Art of Turning Trials into Triumph by Ryan Holiday. The book is all about trials in our businesses and how to turn them and make them our way to success.

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The Land Geek Round Table
Aug 29

Getting The Fundamentals Down—You Have To Learn To Take Off Before You Can Fly

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:

  • Tate Litchfield
  • Erik Peterson
  • Mike Zaino
  • Aaron Visocnik
  • Scott Todd

Scott kicks off this episode by sharing the lessons he learned from his newest adventure, one that scares the he…ck out of Mark, and also leads us into our first topic:

  • Getting the fundamentals down—The guys tell why it’s crucial to follow the proven processes first. Aaron shares his experience when he decided to go out on his own, before getting the fundamentals down, and how he’s still paying for it!
  • VA management hacks—Great advice on how to keep the good VAs around.
You have to prepare for people to fail, before they succeed. Click To Tweet
  • Recovering from a scammer—What can you do when you are scammed by a seller?

There are a lot of lessons to be learned and great advice in this episode, you don’t want to miss it!

TIP OF THE WEEK

Mark: Watch the movie, The Martian. The movie is about solving problem after problem after problem. Also, read Virtual Freedom by Chris Ducker.

Scott: Check out TLFolio.com—list your notes and get other investors who might want to build some passive income.

Erik: Check out DripScripts.com—A tool for building some of your email sequences.

Aaron: Check out HubSpot—CRM that allows you to follow up with your leads and stay in contact with them.

Mike: “Man stands in his own shadow and wonders why it’s dark.” You’re standing in your own way and you don’t even know it. So, stop standing in your way and just go back to the fundamentals.

Tate: “Difficulties are just things to overcome after all.” You are going to hit difficulties in the business and in the end, you just have to overcome it.

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How Betting Can Lead To Your Breakthrough Idea
Aug 24

How Betting Can Lead To Your Breakthrough Idea

In today’s episode of The Art of Passive Income, Mark and Scott talk to Dorie Clark—DorieClark.com.

Dorie has a long list of attributes, including:

—Adjunct professor of business administration at Duke University’s Fuqua School of Business.

—Author of Reinventing You: Define Your Brand, Imagine Your Future and Stand Out: How to Find Your Breakthrough Idea and Build a Following Around It which was named the #1 Leadership Book of 2015 by Inc. Magazine and one of the Top Ten Business Books of the Year by Forbes and a Washington Post bestseller.

—A former presidential campaign spokeswoman

—A frequent contributor to the Harvard Business Review, Time, and Entrepreneur.

—Recognized as a branding expert by the Associated Press and Fortune.

She is also a marketing strategy consultant and speaker for clients including Google, Microsoft, Yale University, Fidelity, the US State Department, and the World Bank! The New York Times described her as an expert at self-reinvention and helping others make changes in their lives.

Dorie has a long list of credentials, but how do you invent yourself when you’re just starting out?

She elaborates on the three components you need to become a recognized expert:

  • Creation
  • Social proof
  • Network
  • The difference between a thought leader and a self-promoter and why the concept of thought leaders is so misunderstood.
  • “Little bets strategy” to find your breakthrough idea.

Plus, we delve deep into robots and the future of our jobs.

Don’t miss out on this great thought provoking episode!

TIP OF THE WEEK

Mark: Start reinventing yourself and start learning how to stand out by checking out Dorie Clark at her website at DorieClark.com.

Scott: Check out Nuage.email. It allows you to have your own custom domain for your email. 

Dorie: Read the book The Net and the Butterfly: The Art and Practice of Breakthrough Thinking by Olivia Fox Cabane & Judah Pollack. It’s a book about how to train yourself to have more breakthrough ideas.

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The Land Geek Round Table
Aug 22

Persistence Beats Resistance—One Abandoned Deal Is For Another To Steal

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:

  • Mike Zaino
  • Erik Peterson
  • Tate Litchfield
  • Nian Wang
  • Scott Todd

The guys have just returned and are recovering from a successful Bootcamp weekend in Scottsdale, listen in as they go over their biggest take-aways.

The one thing that I took away, that always amazes me is the community. It’s more like family than a community—Tate

The guys also tackle:

  • How to remove yourself from the business—when you don’t have any revenue coming in.
  • List Pricing—How do you determine a value when comps are all over the board?
Embracing the systems sooner than later is your true path to success. Click To Tweet

Plus, tune in to hear why Erik’s, No Country For Old Men deal left Mark wishing he had been more persistent. And you don’t want to miss Scott’s special service announcement!

TIPS OF THE WEEK

Mark: Delete Apple Mail from your phone. If you want to check your email, go to your laptop or computer in the office!

Scott: Read the book, Ready Player One by Ernest Cline.

Erik: Check out Polymail.io—a mail client for Mac that has similar features to Boomerang and Mixmax.

Nian: Check out CamelCamelCamel.com—a free Amazon price tracker.

Mike:Mistakes are part of the game. It’s how well you recover from them, that’s the mark of a great player.” – Alice Cooper

Tate: Check out the official Hamilton app to enter the lottery or buy show tickets. Also, check out SendOutCards.com to create a personalized card and send it out automatically.

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How To Take An Itch And Make It A Thriving Business
Aug 17

How To Take An Itch And Make It A Thriving Business

In today’s episode of The Art of Passive Income, Mark and Scott talk to Vinay Patankar who is co-founder and CEO of Process.st —a task and workflow automation for teams. He is also the co-host of the Business Systems Explored podcast.

Vinay shares how he turned an idea into a thriving company and it all started with the lessons he learned from his first start-up.

  • The desire to solve a real problem.
  • Putting together the right team.
  • Being in a strong position before talking to investors.
When you’re bootstrapping you need to show real momentum on the product before talking to investors. Click To Tweet

Listen in as the guys delve deep into the processes of Process Street and how to integrate it into your team workflow.

TIP OF THE WEEK

Mark: Learn more about Vinay by going to his website at Process.st.

Scott: Check out Surfly.com. This website allows you to share screens with other people on their web browser.

Vinay: Read the e-book The Ultimate Guide to Business Process Automation with Zapier by Benjamin Mulholland.

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The Land Geek Round Table
Aug 15

Three Deals On The Table—One Huge Dilemma

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:

  • Mike Zaino
  • David Banales
  • Tate Litchfield
  • Nian Wang
  • Scott Todd

Today’s Topics:

  • Best friend buyers—Breaking up is hard to do! The deal is done, but the buyer is still in constant contact with you via email, text, and phone calls at midnight!  How do you break up with those buyers who abuse the relationship?
  • Attorney threats—Have you ever had an angry response from an offer letter with threats of a lawyer? The guys go over their experiences and how they handled it.
  • Ethical dilemmas—David shares a situation that involved a bidding war with three neighbors and finds himself in a dilemma. Does he go with the lowest offer that he had already committed to? Or does he try to get out of the commitment and go with the much higher offer? Everybody weighs in on their thoughts.

Listen in to hear what deal David chose and to find out why this episode goes completely off the rails!

TIPS OF THE WEEK

Mark: Check out PicSnippets.com—Automate personalized picture engagements for $20 a month!

Scott: “Wisdom, compassion, and courage are the three universally recognized moral qualities of men.”

Check out Brandmark.io—it’s artificial intelligence for your logo.

David: An email marketing tip—the second subject line. In Gmail inbox, you see the subject line in bold, and then you see the beginning of your email. When sending out to your list, Sell the click in that first line of your email!

Nian: Check out Bonjoro.com—send personalized video messages through email.

Mike: “Honesty is the first chapter in the book of wisdom.” Transparency in this business is huge. People can smell fake; it’s very easy to ruin your credibility.

Tate: Check out the Chrome plugin—StayFocusd. It will prevent you from visiting the websites you want to avoid for X amount of time.

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Why Businesses Fail—Focus On What You Enjoy For Successful Results
Aug 10

Why Businesses Fail—Focus On What You Enjoy For Successful Results

In today’s episode of The Art of Passive Income, Mark and Scott talk to Siimon Sander—Founder and CEO of Oscar Hamilton, a company that offers podcast production and editing services.

Siimon is also the host of the Entrepreneur Decoded podcast and has interviewed over a hundred successful entrepreneurs.

Today we talk about the lessons Siimon learned from a failed business and the one lesson he learned from his dad that could be a good example for us all.

-The biggest lesson I took from my dad was, treat people kindly and don’t expect anything in return. 

We also delve deep into the importance of having goals to work towards, even when you’ve “made it“, because it can always go away tomorrow.

A few things to keep in mind as you grow your business:

  • Leisure is a perk, not a goal
  • Keep your ego in check
  • Don’t be attached to success
  • Always keep growing and learning
  • Last but not least, ENJOY what you do!
Problems are not unsolvable, you just have to be aggressive with them. Click To Tweet

Plus, listen in for Siimon’s answer to: Of all the people you’ve interviewed on Entrepreneur Decoded, what three people would you pick to come to a dinner party at your house and what would you talk about?

TIP OF THE WEEK

Mark: Start decoding entrepreneurs and learn more about Siimon at EntrepreneurDecoded.com.

Scott: Read the book The Subtle Art of Not Giving a F*ck: A Counterintuitive Approach to Living a Good Life by Mark Manson.

Siimon: Read the book Man’s Search for Meaning by Viktor E. Frankl.

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The Land Geek Round Table
Aug 08

August Acceleration—It’s Time To Double Down!

In today’s episode of The Art of Passive Income—Round Table edition, He’s back baby! Mark returns from his month long hiatus, well rested and motivated for the next business venture!

Joining Mark are:

  • Erik Peterson
  • David Banales
  • Tate Litchfield
  • Mike Zaino
  • Scott Todd

Today’s Topics:

  • The constant check bouncer—Handling those who are constantly making late payments or bouncing checks.
  • Keeping August rolling—The guys go over different promotions and ways to double down this month to keep the deals flowing.
  • Unplugging—Mark took the month of July to completely unplug and step away from the business. While it was a humbling experience, the wheels ran smoothly without him and revue was up, he was able to find the bottlenecks and fix them.
When focusing on the destination, you can lose sight of how fulfilling the journey can be. Click To Tweet

The guys all share their wisdom about taking time away from the business.

Plus, will the hazing commence or will Erik burst Mark’s bubble?

Listen in now for all the details!

TIP OF THE WEEK

Mark: Check out CrwdBoost.com. For $20 a month, they build up your instagram and twitter accounts by figuring out the perfect audience for you then targets that audience.

Scott: Read the book The Science of Getting Rich by Wallace D. Wattles. It’s all about mind set. If you understand that everything you want to achieve you can do so and you just have to follow this formula like you would in algebra or math, that’s the teachings of this book.

David: Check out Streak.com for Gmail—It’s CRM for your inbox.

Erik: Read the book Delivering Happiness: A Path to Profits, Passion, and Purpose by Tony Hsieh. It’s about Zappos and basically how you built a business and brought it to what it is today. It’s highly focused on customer service.

Mike: I find mucking stalls strangely similar to raking a zen garden.” Automating your systems, automating something in your life that’s difficult doesn’t have to be dreadful. Take the time, enjoy the process, document what you’re doing, and then automate that one small part.

Tate: Check out OnRoadMap.com—an outline for managing big projects.

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How To Train Your Brain To Grow Your Business
Aug 03

How To Train Your Brain To Grow Your Business

In today’s episode of The Art of Passive Income, Mark and Scott talk to Dana Wilde—TheMindAware.com.

Dana is the best-selling author of Train Your Brain: How to Build a Million Dollar Business in Record Time and host of the Mind Aware Show.

She took two businesses to a million in revenue in just 19 months. Today she talks to us about training our brains to grow our businesses, and it all starts with a simple mantra. By repeating that mantra 20-30 times a day, it opens up your mind’s awareness to see things that you might not have seen otherwise.

Dana explains that brain scientists estimate that we are walking around in an unconscious state 95% to 99% of the day. And if you can get more aware as little as half a percent of the day, you’re going to start to see tremendous change in your life.

When you think positive thoughts it ultimately gets you fired up and you take smarter actions. Click To Tweet

Dana delves into the reticular activating system—A matchmaker in your head that listens to what you think and talk about and then matches them together, bringing them into your awareness.

Her 4 step process that helps open your mind to positive change:

  • Step 1—the most important, is waking up and being aware.
  • Step 2—deciding what message you want match.
  • Step 3—talking about the current situation in a way that feels good. So you’re changing the script.
  • Step 4—feel good.

Does this positive talk and thinking really work?

Listen in as Dana gives examples of how we already use the reticular activating system in our daily lives now. Plus, she gives us a 72 hour exercise to test her theory.

TIP OF THE WEEK

Mark: Learn more about Dana by going to her website at MindAware.DanaWilde.com.

Scott: Check out the app Lingbe—an app that allows you to practice a language with native speakers anywhere.

Dana: If you focus ONLY on what’s going right in your business, then you will get more of that. If you have a setback or something goes wrong, then acknowledge that for 10 seconds, take the lesson, and move on and put 100% of your focus on what’s going right.

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The Land Geek Round Table
Aug 01

Loan Modifications—Nice Guys vs The Mean Guys

In today’s episode of The Art of Passive Income—Round Table edition, Scott is joined by:

  • Nian Wang
  • Aaron Williams
  • Tate Litchfield
  • Mike Zaino
  • Erik Peterson
  • Aaron Visocnik

This Week’s Topics—that leave the group divided between the good and the heartless:

  • Loan Modifications—Under what circumstances do we modify loans and do multiple modifications ultimately lead to default?
  • When a mailing generates multiple properties scattered across the country from one seller—The guys share what they do in this situation.
  • The slow month of August—Do you just try to keep it stable or should you strive for growth?
Going with the standard controls your results. Applying effort gives you the control. Click To Tweet

Listen in now as the mafia geeks have a showdown over good vs mean strategies!

TIP OF THE WEEK

Scott: Check out UseLoom.com—A communication tool that allows you to do screen sharing, recording and can hold/store videos for you.
Also mentioned, Trint.com.

Aaron A: Read the book The Way of the SEAL: Think Like an Elite Warrior to Lead and Succeed by Mark Divine. This book will help you get your mind right when trying to achieve something in the same way a navy seal would do to achieve things.

Nian: Check out Nuclino.comTo organize information for VAs.

Erik: Check out HipCamp.comThe Air BnB for campers and maybe an alternative for those properties you can’t sell?

Mike: Knowledge is learning something new every day, Wisdom is letting go of something every day—Letting go of something every day is relevant to those in this business when it comes to VA’s and automation. 

Tate: Check out Wonder-Bot.com—A Facebook plugin that helps you store information.

Aaron V: Read the book Content Inc.: How Entrepreneurs Use Content to Build Massive Audiences and Create Radically Successful Businesses by Joe Pulizzi. This book will tell you how to draw crowd to your buyer’s list.

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