4.8 • 6.9K Ratings
🗓️ 3 December 2017
⏱️ 22 minutes
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0:00.0 | Some animal species they meet the other bug or whatever in five minutes are like we're good because |
0:04.8 | their life's short. The average woman's going to live 80, 90 years. She don't want to sleep with |
0:08.4 | everything that moves. Neither do your customer. The average person's got to figure out how to be on |
0:12.2 | this planet financially for 80 years. They're not going to spend their money with you if they don't |
0:15.9 | know you that well. |
0:16.6 | Grow your social media. Now, how do you do it? What's the methodology? A, master the 25 cognitive biases. |
0:37.0 | Colden give me enough time to get go through these. Charlie Munger, different people have |
0:42.2 | chronicled what the 25 cognitive biases are. There's reward, pain, authority, |
0:49.9 | senescence bias, authority bias, association bias, availability bias, Pavlovian liking and disliking. |
0:57.3 | So there's all chemical bias. What happens is if you achieve enough cognitive biases, |
1:05.9 | okay, and this is not manipulation by the way, you could use it to manipulate. This is kind of like a |
1:10.9 | pit bull. Anybody here have a pit bull? I have two German jeppers from Germany, from the top, |
1:17.2 | you know, attack dog guy in the world. These dogs are great, right? And they can either be used to kill |
1:24.8 | or they can be used to save your life. It's the same thing with the cognitive biases. You can use |
1:29.5 | them manipulatively, and I hope nobody does that, or they can be the most powerful tool you've |
1:34.2 | ever used. So right now, I want everybody to pull up your Instagram. Right now, I'm going to give you |
1:39.4 | a quick social media primer right now, okay? And a simpler way to think of the, since I don't have |
1:46.4 | time to do the 25, I'm going to show you something called Rin score, V-R-I-N. Basically, if you know |
1:54.0 | Rin score, about 1 millionth of 1% of entrepreneurs know what Rin score means. So pull up your foot. Let me |
2:02.6 | explain what they are. V stands for value. R stands for rarity, or how rare it is. I stands for |
2:12.5 | inimitable. And N, sorry, that's an N stands for non-substitutable. Okay. Who here is struggling |
2:23.6 | to grow their social media? Raise your hand. It's just not growing. You're not using it. You're not |
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