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So, here’s the second part of Principles of Success:
Principle 6 - Whatever It Takes
Would you do whatever it took to be successful? Hope, you answered no, because if you answered yes, go sell drugs, steal cars, who cares! If you want to make money without consideration of ethics or honesty or the effects that it has on other people, you need to rethink your perspectives on life. In simple words it means that you do what needs to be done, when it needs to be done, you don’t wait, you don’t delay, you don’t make excuses, you take responsibility.
When opportunity arises you seize it with both hands and don’t let go until you’ve driven it forward!
Principle 7 - Effective Communication
Communication is the result you get. What this means, is that if someone has totally understood your point, and can explain back to you what you just said in their own words, you’ve communicated effectively.
When you look at communication as “the result you get”, which is the essence of this principle, what this principle does, is give you ownership over the interactions with other people in your life. This is not easy to follow, you should think about this principle from the other persons perspective, and constantly be asking yourself the question “how can I say this in a way that they will understand”.
Principle 8 - Leverage
The previous principles have had much to do with your internal self, and things you can control, on the other way leverage in most forms involves other people, but is also where your growth rates go from percentage increases, to multiple increases. There are 3 main aspects to leverage, the leverage of time, the leverage of money, and the leverage of applied knowledge.
The Leverage of Time
We discuss this in Principle 5 - Time Consciousness, where you being aware of time, and that when you reach fourth step you are literally at your limit. Essentially you are leveraging your time by utilizing other peoples time to accomplish what you need to do. By employing people to work with you, hiring outsourcing agents, or out tasking the grunt work to data entry workers across the world.
The leverage of time can set you free.
The leverage of money
Investment circles and educators call this OPM - Other Peoples Money, and say that it is the best way to invest. This isn’t always true, and particularly when we talk about online, because of the minimal barriers to entry ($9 for a domain, $30 for hosting and the rest can be done by you), you may not need to employ the leverage of money.
The leverage of applied knowledge
Can you imagine if you had to learn everything for yourself? How long would it take for you to figure out what needed to be done and how to do it properly? The idea is ludicrous, but there are also methods for speeding up your acquisition of knowledge, things like speed and photo reading, etc..
Knowledge by itself is wasteful, it is the application of that knowledge that helps you to move forward.
Sometimes to apply knowledge though, you’ll need several pieces, so you may learn one thing, and it may take 6 months, 3 years or more to actually put that knowledge into application, and for all the pieces to fall into place.
A simple method for getting around this however, is that you learn about what you need to learn about, when you need to learn it. If you are having cash flow problems in your business, learn how to bring more customers on or get your existing customers to spend more, don’t read and learn about how to find the best deals on eBay.
So, the leverage of applied knowledge with Principle #3 - Focus, can have powerful effects. It means you are doing that which needs to be done, with the knowledge to get it done correctly the first time around.
So, these are the principles you should apply to your complete life. Understanding this is just the beginning. If you can’t apply them to your life than find something that works and fits with you and who you want to become.
The Next Internet Millionaire Episode Six
In this episode discover the secrets of ecommerce and watch the contestants battle it out as they sell popsicles and go to garage sales.
If you don’t watch previous episodes, you can watch it here:
NIM Episode Five:
NIM Episode Four:
NIM Episode Three:
NIM Episode Two:
NIM Episode One:
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