Solopreneurship can come in many forms: from online marketing to the creative arts to network marketing.
To talk about the latter and how it relates to any solopreneur’s journey in any industry our old pal David Wood rejoins the show. This episode was recorded live at Joe’s Crab Shack in San Diego, California after a great weekend of training at the annual Isagenix convention.
We chat over a couple of drinks and a great appetizer and cover (among other things) network marketing, the vehicle David has used to make millions of dollars. David’s always full of stories and wisdom, so sit back and enjoy episode 308 of The Solopreneur Hour.
More About This Show and Network Marketing
David was a guest on The Solopreneur Hour many moons ago – back on episode 6! If you missed it have a listen here, and learn much of his back story. To quickly recap: David is known as the Trainers’ Trainer and is one of the best in all of the world, having trained with T. Harv Eker and other notable leaders. He’s also a multi-million dollar business owner, investor and speaker who has several podcasts including The Kick Ass Life and Crank It Up!.
Clearly David knows a few things! And on today’s show he and I dive into many of them, from the innate power of women to real estate investing to why people are taking notice of and joining network marketing now like never before.
When it comes to the power of the female, women everywhere (whether in network marketing or another industry) realize and fully act on their power. No longer are women separating work and family, having only one and not the other. Women know they can be fiercely independent and fiercely in love, according to David.
In This Episode You’ll Also Hear:
- What’s the difference between growing income and increasing wealth?
- What’s the shortest employment David ever had?
- How a solopreneur views failure – and how everyone else does.
- Why you don’t need other people to like you, but you do need empathy.
- What percentage of people hate their jobs today?
- And so much more.
And that fierce independence and love are evident in the network marketing industry where David takes center stage and trains thousands every year. As more and more people experience job dissatisfaction and job loss the interest in network marketing increases. The stigma is falling away as younger generations (especially women) are seeing the potential and joining in droves.
David has had tremendous success in network marketing personally, and he’s taken that success and amplified it in his real estate endeavors. He kindly shares with us his strategies for real estate investing on this episode.
He says there are several types of real estate: buy and hold for the long term, and flips including executive flips. He has done both but prefers the former of buying and holding for the long run.
He likens real estate to the golden goose fable. In the tale a farmer has a golden goose that lays a golden egg each day. One day the farmer gets greedy and kills the goose so he can remove all the eggs at once. To his dismay the farmer discovers there are no golden eggs inside the goose and he has now killed the source: he will receive no more golden eggs.
David says real estate is like the golden goose: your property is the goose and the golden egg is the cashflow from that property. No matter what the market does so long as you keep that goose (and you made sure to buy a good goose to begin with) you will continue to receive your golden egg.
He doesn’t stop there with the knowledge bombs though! On today’s show we also talk about the top 3 reasons people don’t succeed in network marketing, why you should be the leader other leaders are looking for, and the two most important days in a person’s life. You’ll have to tune in to hear it all! Enjoy and thanks for being here for episode 308 of The Solopreneur Hour.
QUESTION OF THE DAY: What have you learned from today’s show that you’ll apply to your business (network marketing or other)? Let us know in the comments below!
Do you enjoy this podcast? If so, could you please leave a review here. I read them, sometimes on the show, and will reach out if you leave your Twitter handle!
Selected Links and Resources From This Episode
Learn more about David Wood
The Kick-Ass Life Podcast with David Wood
David’s other podcasts: Amplified and Crank It Up
Sololab, a Unique Mastermind
Interested in Isagenix? Reach out here