Transcribe of “Latest tactic or… mindset. Reflection on returning from a mastermind on the other side of the planet”
– Hi, guys, Neil Waterhouse. Just on the way back from my mastermind meeting in the U.S., and, for me, these mastermind meetings take me normally a couple days to get home, but by the time you stick on a five and a half hour flight back from, in this case, Orlando to L.A., then 15 hours from L.A. to Sydney. Then, off and over the night, then I normally catch either a plane or a train, which in this case, I got a train because I couldn’t get a plane, and it’s another five and a half hours, so I stay overnight in Sydney.
Always keep up-to-date with what’s the latest and greatest of the techniques
So, the time I use for these to get home, I reflect back and take out all my notes and try to always keep up-to-date with what’s the latest and greatest of the techniques of what we should be implementing. Obviously, with the 80/20 rule, or in some cases, it’s the 90/10 rule, but the ironic thing, is after, I’ve been crunching numbers now, for, seems like the last couple days. And big thing is, the takeaway, is that 90% of it comes down to a mind game, and only 10% of it is tactics. So, I spend a lot of time talking to people over here, how they got started, why they got started. Trying to always work out why some people have got success and other people don’t, why other people are more successful.
Procrastination and profit are the opposite things
And a lot of people think it comes down to skillsets. But in reality, it’s not. It comes down to reason for starting, because it takes action, and why do people take action, and why some people don’t. You know, there’s a saying that procrastination and profit are the opposite things. So, procrastination kills profit, but the reality is, it’s action. We have all the stuff on how to do it, but why do some people take more action? A lot of people come from a source of desperation when they start.
Being desperate is what takes a lot of people to get going
And that can be, being desperate is what takes a lot of people to get going. Then later on, we move into inspiration. And once you get to the stage where you’re paying your bills or you’re mortgaging, and whatever you’ve got is being covered, then you can get to this sense of comfort. Comfort can be a killer, because if you’re too comfortable then you tend to do nothing, and a business that’s not growing, is dying. We then need to move our mind game into some other reason to keep going, and for me, it’s inspiration. So, I really enjoy crunching the numbers.
Control is whatever’s winning
I love doing split tests all the time and working out and trying to beat our, what we call our control, so our control is whatever’s winning. We try to beat it. We just beat it. Really do enjoy that. Also really enjoying seeing other people’s business’ growing. I enjoy teaching it. Don’t like seeing people wasting time doing strategies that don’t work, you know? And recently I was at my sister’s funeral. And she passed away at a very young age of 55, and there’s so many things that she’s missed out on in life, and the thought that we’re all on this planet for such a short amount of time.
Every single day that we get, we really have to really enjoy that day
Every single day that we get, we really have to really enjoy that day, you know? Even things, little, simple things like pouring a glass of water into a cup. My sister can never do that, you know? But things like that, hearing a bird on a tree or a leaf on a tree, seeing all that stuff, that stuff can go in a flash. So, it’s really, really important that if we want to make money to give us a better lifestyle, whether we want to save ourselves or we want to save the planet or whatever, it’s so important that every minute we spend we are getting the most value for that minute.
Make sure that we’re doing the right strategy.
Whatever strategy, we want to make sure that we’re doing the right strategy. for me, that inspiration is what drives me, as well as crunching the numbers. So, you know, a lot of people, though, tend to think that, I need more knowledge. I know one guy, he’s got several multi-million dollar businesses. He’s less than 30 years of age. He’s never read a book in his life. Never read one book his entire life. So, a lot of people get bogged down, thinking, you know, if I just had more knowledge.
It’s not more knowledge. It’s more action
Nup, it’s not more knowledge. It’s more action. And then it comes down to the mind game of, the more we take, the more I can take. You know, I always finish my videos off by saying, “List more, sell more.” And that’s what it comes down to, listing more, selling more. And you list more and you optimize, and all these things, so. Today, just really wanted just go through this thing about the 90/10.
10% tactics
It’s 10% tactics. It’s 90% mental game. But most people are always looking for that 10%, the one thing that’s going to completely pay off their mortgage, buy this new, white and shiny object, and it’s not that. 90% of it is mental game, and then 10% of it’s tactics. That’s for the week. Please scroll down, leave me a comment below. Until next week. List more, sell more. This is Neil Waterhouse.
Please leave me a comment below and let me know what you think.
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Hi Neil,
Enjoyed your video today, I’m going to plaster a large “Take Action” sign in front of my workstation.
Regards,
Rob
Like it Neal; I am impressed by the fact as successful as you are you still attend masterminds..kudos to you..
Hi Neil,
I am actually 81 years old, yet keep healthy by cycling every day.
Your video today ( Sun 18th Nov) highlights a problem that I
believe is addictive – Procrastination…..
I suffer from it ‘big time’…………..I import ‘one’ product from Shenzhen and
I can make on average 10,000 dollars a year profit…………so I have proved to myself that
I can do it……And I am aware that another 99 products making a similar return each would
generate 1 million dollars a year profit or thereabouts…This awareness obviously means I know the
pathway to achieve some business success on eBay………Yet, I sit at my computer with so many ideas
flowing through my head and do nothing – My brain delves into the pro’s and cons of so many
interesting possibilities for generating money, and every time the cost of shipping products interstate
by Australia Post at $8.30 forces me to abandon ideas on a daily basis
I realise that ‘drop shipping ‘ is possibly the way forward
But drop shipping from an Asian countries such as China carries with it too many problems. There
are too many Chinese who tell you they Can when they Can’t, or they have when the Haven’t. I
have read scholarly reports that say that lying is all part of the Chinese culture.
Your recent advice in one of your videos briefly ‘touched’ the subject of
dropshipping from Australian suppliers to Australian addresses – the problem here
ofcourse is that we are a large country with a small population. The total population of Australia is
about the same as the city of Sao Paulo in Brazil. Australia does not seem to have a large amount of
genuine, real ‘wholesale price’ wholesalers, unlike the UK or especially the US…
One of your instructional videos touched ever so briefly ( a one liner or two) on the possibilities of
dropshipping from (some of the huge wholesalers in) the US to US addresses………………
Do you have an instructional booklet or CD for sale that talks about dropshipping from UK to UK
addresses and US to US addresses?
Best Regards,
Roy
Roy,
You can dropship from Australian suppliers, that’s what Neil Teaches you to do. Great on identifying that you procrastinate, but knowing will probably not help, it’s like how many people know how to lose weight but don’t lose weight. Neil holds a one day course for just under $300 aus. Great value doesn’t try to sell you anything at it.
I used to procrastinate and I did a 3 day course back in 2013 to see what stopped me achieving what i wanted. What I got was that what was in the road was my past but it was worse, my past was in the future and I lived into it and wonderred why I continued to get the same results.
Consider the reason you procrastinate is a decision you unconsiously made about something that happened in your past. Anyway I don’t want to hijack Neils post. But congratulations at you age still doing things and looking I really acknowledge you. Graeme.. i am 63
I feel sorry for that person that hasn’t read a book – what he has missed! Perhaps he can try a poem a day – that would only take 5 minutes of his obviously precious time.
Hi Neil, You always inspire me, and this video is no different. Yet, you’re not one of those motivational-speaker-types, you’re just down to earth and real, and that’s what I like, and what I find truly inspiring. I am especially touched by your recent experience (which you’ve mentioned in a couple of your videos now) of your sister passing away at 55 (I’m a 54 yr-old mum of 12), and you have really hit the nail on the head of what truly matters. If we want to make a difference in this world, we DO have the opportunity, we even have the guidance of those who have succeeded before us (like yourself) and anyone can make the decision to choose to take action. We are privileged! But we can’t afford to put off the decision to do what it takes to be the best we can be while we still can because, as you have highlighted, no one is guaranteed a tomorrow. Thanks for using what is no doubt a painful but real-life example to speak into us another impacting message. Can’t wait to action these steps further in your Platinum Group, and I’m hoping to make it for the Dec 5 Melbourne Meetup if flight times and costs from Tassie will work out for me. Blessings, Sue
Nice one Neil… many thanks Jenny
You’re very welcome Jenny. Glad to hear you enjoyed the video.
Thanks for another very worthwhile vid Neil, I keep denying that I am a procrastinator but I do feel overwhelmed most of the time by the volume of housework , cleaning, cooking, washing and all the other stuff that goes with running a house and family… however maybe I am. Maybe in my free timeI should work ebay more passionately instead of go to the gym or run.. i dont know i just dont seem to have time for EVERYTHING and i do try to make my health and fitness a priority after my kids and fam. And as for you Sue (above, mother of 12 !!!) I have absolutely no idea how you find a moment to pursue your own dreams and more cudos to you, but I , mother of 3 cannot. I have a few ebay sites but definitely a hobby-ebayer rather than a career-ebayer. Having said that , I watch all your vids Neil and when my kids are grown maybe I will pursue things in a bigger way and be more successful at it because of you. So sorry about your sister, how very sad for you and your family. Wishing you all the best and thanks again for sharing x Tracie