James Malinchak Reveals The Value Of Payoff Versus Cost For Speakers

One of the biggest factors that helped me tremendously is learning from people who have experience in your field of interest. I refer to them as the those who have done it and who’re still doing it. Just as you’re gaining knowledge from me in this article here, you’re taking information that you learn from someone else who’s either in another field or perhaps in an advanced stage of knowledge you need to acquire. I admire and I respect you for taking time to read this to learn and be more, do more, and achieve more. You are setting yourself up so that if you take the proper actions, you can accumulate and attract more wealth and grow your business. See, I always say that if you want to go more, you have to grow more. That is what I admire and respect about the fact that you’re reading this right now.

One thing that I’m very big on is whether or not you concentrate on the current costs. If you merely focus on the current costs, you will never see the future payoff. Someone out there has already figured out anything you want to do in your business. If you want to get more business in your local area, there is someone who has already figured it out. Heck, you are learning a lot of unique strategies, ideas, and concepts in this article alone.

My point is that you should be investing for learning purposes for yourself. You should purchase joining organizations in your community. A great group to become listed on is the local Chamber of Commerce so that you can quality relationships. Your work whenever you join such groups is investing in yourself and your business to achieve strategic alliances.

This unique strategy which I have been alluding to is exactly what I refer to as “payoff vs. costs.”

Let me us a pizza shop to illustrate what I mean. A primary reason which i make use of a pizza shop as my example is because it is such an easy example for anybody to comprehend. You need to invest to accept individual who owns the recording store next door out for a $20 lunch. The main reason you take these to lunch is to discuss the thought of collaboration and cross promotion for both of you. In this case scenario, you help each other out. Then, you are able to both be part of the expense of certain radio spots that drive people into each of your businesses.

Heck, if I owned that pizza shop, I would go into the radio station, and i’ll cut them an offer where I’d outlay cash, pardon me. Allow me to cancel that and correct my words to say invest in them. I’d invest in advertising dollars around the radio station to market with them, but in return, I would like them once a month to broadcast from the inside my pizza shop. That relationship is totally different now since the radio station is committed to my success, too. Now the people broadcasting will be able to drive people in to the store because they will be giving free gifts away to promote themselves. That’s thinking totally different than ever before inside your business!

Yes, there will be some costs associated with the radio station hosting from your remote location. However, if you are only focused on the cost, then you won’t see the payoff of the cross promotion. If you’re not good at this, you need to get involved with a coaching program. Plus, you should be attending seminars where you learn these things. This learning will be the best investment you could make into your business because the payoff is for the long term!

James Malinchak, Highlighted on ABC’s Hit Television Show Secret Millionaire, is known as by a lot of specialists as the World’s #1 Big Money Speaker Coach and Trainer. For Free Video Trainings concerning how to get paid to speak and the way to turn into a motivational speaker, try more and learn more.

James Malinchak’s You Have To Have It, Before You Truly Have It

If you’re making a million and you want to make five million, you can’t do the same things you did to achieve a million. I’ll tell you that right now. Each time that we have changed our goals that we would like to do in my small little business, we rethink what we’re doing. One of my goals is 10 million bucks. I cannot be acting as I used to act. I cannot be doing particular things. We need to have key people come in who do particular roles. That is why you see Davy, my COO.

I went out and got Davy to be COO of my business. He previously work for a billion dollar company. He retired at age 44. I went and got him to come to do my stuff to run the operations of this so I could go focus on what I have to do in the business. See you have to act the way you want to be. Make decisions from where we would like to be not where you are. Got it? If we want to be that way, why are we making decisions from where we are? We should be implementing procedures and policies and running our speaking business and everything this way right now. Got it?

Here is a little clich. You need to have it before you have it, meaning you have to follow through. This has been around forever, ‘The Act as If’ principle. If you wish to be wealthy, then you need to think, feel, and act as if you were already wealthy. Wealth begins with creating the right habits, right now. When? Right now. Oh, come on, give me the foot stomp, right? Left foot, right? Right foot. Left foot. All right. I don’t know. I never did that. That is the first time I ever did that.

When I began my speaking career, I learned this tip years ago. I think that was, I can’t remember. I thought it was Jack Canfield and Mark Victor Hanson. When Jack and Mark began doing Chicken Soup for the Soul, they went and cut out the New York Times bestseller list. By the way, they were rejected 144 times when they were trying to get published. Furthermore, they were 125,000 dollars in debt each to get things going. I love this story. The put in their title of their book with the number one slot, Chicken Soup for the Soul, and behind it they wrote their names as the authors, Jack Canfield and Mark Victor Hansen. Then, they hung it all over the place so that they had to see it. They were still rejected. They didn’t even have a publisher yet, but we all know that now they finally were published and made millions on that book!”

Because of that story, I used to go get pictures of people speaking. I used to put my face on their body, and I would hang them everywhere. I would see them, and I would visualize that because you got to have it before you will have it. I often speak for 500-750 for the boot camps. Additionally, I am speaking at some larger events. I think it was the Glazer-Kennedy event where I spoke for 12,000 people here in Vegas.

I remember I was in Houston speaking for a buddy of mine, Jonathan Sprinkles, for his presentation skills seminar. The night before, he asked me, “Did you ever think you would be doing what you are doing now?” I said, “Sure. Of course, I did.” I did not know how I would do it, but I always knew it would happen. I knew it would happen because I always had it before I ever had it physically. I am grateful and appreciate everything that I have due to speaking, and I knew I would have it because I used to see these pictures on my bathroom mirror back when I was eating Top Ramen noodles. Got it? Okay.

James Malinchak, Featured on ABC’s Hit Television Show Secret Millionaire, is regarded as by a lot of professionals as the World’s #1 Big Money Speaker Coach and Trainer. For Free of charge Video Trainings regarding how to get paid to speak and ways to turn into a speaker training, try this website and learn more.