Hello Aluxers and welcome to one of the final Sunday Motivational videos in 2021.
Since the new year is just around the corner,
we decided to focus on ways to dramatically increase your income next year.
We know that’s why you’re here and by the end of this video we’re happy to deliver on this.
Let’s cut the intro short and get started!
Number 1: Breakdown your financials and identify your winners and losers
Number one thing you always have to do is figure out where you really are.
How much money did you make this year? What’s the breakdown? What made how much?
What were your biggest expenses? Did you add any new revenue streams?
Did you negotiate to increase your existing ones?
What are your winners and losers?
Once you have the breakdown the equation becomes clear:
If you want more profit, you have to prioritize profit generating efforts!
What made you the money? What will make you more money next year? Do more of that!
Number 2: Start thinking in BULK People have a tendency to do things in very
small increments: “lemme get through this day” Let me get through this class.. And so on.
This resulted in very short term thinking. They make plans for
the rest of the day and allow tomorrow to remain a mystery.
You need to start thinking in bulk periods of time. That’s why companies
have quarterly earnings. That’s why they think in yearly objectives.
You need to do the same!
Whatever deal you’re about to do, do it in bulk.
This not only allows you to negotiate on price - if we’re talking the acquisition
of products or services, but it gives you a predictable path moving forward.
Number 3: Bet on Yourself If you are to bet on anyone, bet on yourself!
At least then you know the outcome is dependent on your ability to hold your end of the bargain.
Assume risk under your own name!
Go public with your goals,
go public with your actions and allow the world to witness you at work.
Society is meritocratic. If you are worthy of the win, it will give you the win you desire.
Number 4: Master Advertising or Hiring - or both
Advertising and Hiring are two of the essential ways to scale up.
We’re all online.. So master paid marketing. The beauty there is, you only have to figure it out once.
If for every $1 your spend you’re getting $2 back, you found a goldmine that you can bleed dry.
With people there’s a different kind of magic going on.
When you hire someone who’s really good and doesn’t need to be micromanaged
they open up a world of possibility for the time you would’ve spent on what they take of, now.
Ideally you want smart people to take of things you a) don’t want to take care of yourself or b)
they have the expertise to outperform you. Learn to leverage both for profit.
Number 5: Goal Setting & Breakdowns
Everyone does their new year resolutions and what happens? February rolls around and you no longer
hit the gym, read one book a week and whatever else you told everyone else you’re gonna do.
Successful people set goals differently.
They do it in such a way that these goals get achieved throughout the year.
It’s about breaking them down into specific actions
allowing you to build one on top of the other.
We’re probably going to reopen our flagship product GOAL MASTERY next year in MARCH.
If you didn’t get the opportunity to buy it during our black friday flash sale, make sure to go to
alux.com/goals and get yourself on that waiting list, so you don’t make that mistake twice.
Number 6: Be more strategic with your efforts The truth is you love wasting time on
things that you enjoy doing but which don’t move the needle forward.
We get it. You’re good at them and nobody does them the way you do, but let’s be honest:
you have more important things to do, you shouldn’t be wasting time with the small stuff.
When it comes to dramatically increasing your income, it’s about the focus of your efforts.
What’s the one thing you know how to do that leads to a higher payday?
Do that!
Number 7: Partner-Up
You make hot-dogs. Someone makes ketchup. Partner-up and boost both of your sales.
Partnering up means finding people with complementary skill
sets or product offerings and joining forces.
Most people adopt a lone wolf strategy. Well… most of these people lose against
those who figured out they can partner up and crush the remaining competition.
Number 8: Sell & Then Build This way you will always have product market fit.
This is the magic of the world we live in right now: you can sell something first
and only if enough buyers are interested, you move onto building and delivering the product.
This strategy allows you to gauge the market interest and
only deploy resources if the math is profitable.
We strongly urge you to talk to your existing clients or existing community
and figure out what they would need from you. Have them pre-pay for the
product or service that they need and build it for them.
If there’s not enough interest, simply give them
their money back and you just saved yourself several months of hard work.
Number 9: Automate or Outsource the boring and time consuming stuff.
You know when we mentioned focusing your efforts.. Well,technology is a life-saver.
Right now there are a bunch of software solutions that can do most of the heavy lifting for you.
If you don’t know how to use them, hire someone to take care of that for you.
Here’s why most people don’t outsource: they think they have to do everything internally,
because a third party doesn’t get it.
Truth be told, you’re better off paying a ton of money to someone who’s been specializing in this
area for several years, then spending the time required to get you and your team up to speed.
The golden rule of outsourcing: Just make sure they make you more money than they cost you!
Number 10: Educate Yourself & then Invest some real money in crypto
In our opinion crypto is here to stay. We find ourselves in the privileged position
to sit on the board of one of the largest crypto funds in Europe. The things we see
from our front row seat only makes us double and triple down our bets on the industry.
Not only are we still super early,
but the amount of old money flooding into the market is astonishing.
Historically, if you had only 5 to 20k you were priced out of investments. There was
no way for you to get started with passive income. Crypto solves this through staking.
Index funds aren’t available everywhere in the world, well… crypto index funds are on the rise.
You couldn’t take part in the seed round of google or facebook,
but you can be part of a DAO and vote on it’s parth forward.
Crypto goes beyond buying, holding and praying that your coin goes up in value.
If you’ve never invested in crypto we have the perfect course to get you started. Go to
alux.com/bitcoin and sign up. Use the promo code ALUXER and get 25% off at checkout.
Before the end of the year you will have purchased your first crypto,
have accounts on multiple exchanges and have your funds safe and secured on a hardware wallet.
Number 11: Do it with other people’s money
Did you know that you can increase your income by making money for other people using their money?
Yes you can. As long as you’ve proven you know how to generate income,
affluent individuals will gladly give you their money for you to do it over
and over again. They’ll even give you a good share of the results.
Using other people’s money allows you to scale the process and accelerate your growth.
Number 12: Assume one big risk 2022 is a big year for everyone.
We want you to figure out what’s gonna be your big risk:
Are you gonna quit your job to do your side hustle full time?
Are you gonna move to a new city in order to build a new life?
Are you gonna spend 6 months worth of income on a
big financial play that has the potential to change your life?
Figure out what your risk is and then go full steam ahead.
Number 13: Close the gap between you and the money Here’s what we mean by that:
In your business, you rely on multiple middle men. All of them take a cut out of your profits.
Instead of buying from a supplier that buys from a supplier that buys from the source,
you can skip this chain and purchase directly from the manufacturer.
Not only you’ll get preferential pricing, but this way the gap between
you two would have shrinked allowing for additional business opportunities.
Closing the gap also refers to physical proximity to money, that we mentioned in last week’s Sunday
motivational video which we definitely encourage you to check out by clicking in the top right corner.
Number 14: Replace entertainment with edutainment
The thing is you never know where that one idea will pop up from, but you’re more likely to get
that aha moment from listening to a podcast about your industry than you are from watching the game.
Make educational consumption as part of your daily routine. Watch our videos,
find other people that inspire you and tap into their insights. Over time,
all of these build up into mental models that accelerate your growth.
Although it’s more enjoyable to watch an interview than it is to read a book,
we guarantee you that you’ll take more value from the book but you know this already. The catch is,
we don’t always act according to what best serves our interests because of comfort.
Growth doesn’t happen when you’re comfortable!
So make it a habit of exposing yourself to new ideas.
Number 15: Place a higher value on your time and how you spend it
Everyone says their time is expensive,
but when you look at how they’re spending it that doesn’t seem to be the case.
We want you to really set an hourly rate for your time.
One that is true to your ability and that is honest.
Everything you do will be referenced to that hourly rate.
Wanna grab coffee with an old friend… sure, it’s definitely worth more than your hourly rate.
Some random person invites you for a 2h coffee to pitch you his MLM scheme.. NO THANK YOU!
We’ve been really focused on the value of our time lately and the way you behave
changes when you’re serious about your value. You stop taking low level clients. You start
saying NO to a bunch of bullshit events meetings that you don’t really enjoy or find valuable.
How much is an hour of your life worth?
How much is an hour spent with your kids or loved ones?
Everything boils down to that comparison. Once you find out how much your time is
actually worth, there’s no way you’re gonna do anything for less than what is fair.
So in the hopes of exploding your income this coming year, we’re curious to know:
How do you plan to increase your income in the next 12 months?
This is a community show, so we want the best answers in the comments.
We’ll jump right in to discuss the best options with you guys.
As for those of you who always watch these videos until the very end, of course there’s a bonus.
Bonus: It’s not a quantity issue. We wanna keep it real with you,
which is why we reserved this exclusively for the bonus section.
You will not get rich by working longer hours. You’re probably working enough.
You will not get rich by doing high volume and
small margins.. You simply can’t compete with those leveraging economies of scale.
Here’s how you’re actually going to do it.
You’re gonna leverage the community, you’re gonna leverage your voice and your brand power.
People are willing to pay a premium for brands they believe in.
People are willing to go the extra mile to support a long term vision.
You need to play long term games with big goals, stop messing with the little ones.
Your actions and efforts should be focused on getting you millions, not thousands.
If you don’t see a clear line to the millions, you’re too early in your journey,
what you lack is education and probably a big vision and ambition.
We keep saying that the opportunities around us are extraordinary,
but you’re thinking in scaling up quantity instead of scaling up overall impact.
You’re not thinking big enough!
Most of you might not get it right now,
but a few years from now you’ll look back and realized just how small you were thinking.
It took you getting to the big leagues to realize just people at this next level think and behave.
Find that 100X in your business. Use every leverage of scale you have.
You’ll be blown away by what you can achieve.
If the idea of 100X-ing everything good in your life resonated with you,
please write 100X in the comments. It helps us keep track who the true Aluxers are!