How to Use Social Media for Income
The Tai Lopez Show
Tai Lopez
4.8 • 6.9K Ratings
🗓️ 9 November 2019
⏱️ 65 minutes
🧾️ Download transcript
Summary
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Making money with social media is a lot more doable than most people think. It comes down to having a good understanding of human nature, understanding the technology, and then testing and iterating.
Today, we’re speaking with experts in all areas of branding, about the specific steps that are required to make money with social media. Whether you want to make money with your own social media accounts or by managing other people’s socials, this episode will show you the way forward.
One last note: We’re up on Spotify! Make sure to head over to Spotify and listen to The Tai Lopez Show over there!
“Be careful about making too much money too fast. You might not know how to handle it” - Tai Lopez
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Points to Keep In Mind
- If you want to make money with anything in your life, you need to become a master of systems
- When everything is unpredictable in your life, you’ll have no brain power left to innovate
- To make money with social media, start by selling other people’s products
- Do collaborations with other influencers to get started building your social media
- Vlogging is the future on all social media platforms. Tell your story
- Smart work always beats hard work. But do both
- Part of execution is strategy
- When something is good enough, launch it. Then, innovate and improve as you go
- If you don’t launch with errors, you waited too long
- Spend 70% of your time on stuff that works now, 20% on things that you’re pretty sure will work but you’ve never done, and 10% on hair-brained, crazy ideas
- Never be the first, or last, to an idea
- Be careful about making too much money too fast. You might not know how to handle it
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Transcript
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| 0:00.0 | just think of that. If you don't launch with some errors, your business, your social media business, |
| 0:04.4 | or any business, you wait it too long, which means all those perfectionists out there |
| 0:08.1 | are literally waiting too long. |
| 0:12.4 | The brain is still the wild west frontier. We don't understand it. So he said, if you do too |
| 0:17.0 | much of these psychedelics, he doesn't recommend it just because of the unknown factor. |
| 0:25.7 | It was all about designing graphics and looking good online. That's what it was about back |
| 0:29.4 | that it was. It was truly man it will manage your social media. |
| 0:52.8 | All right, it's Silope. Welcome to today's podcast. I'm talking about how can you turn your social |
| 0:57.9 | media into a business. I'm also going to talk. I want to talk about some mindset stuff, |
| 1:02.3 | millionaire mindset stuff. I'm here with McKenna. Say hello, McKenna. |
| 1:06.8 | Here with Joe Soto, social media, and here with Zach. Thank you. Bless you. |
| 1:14.0 | And we're live streaming. Let me, I want to just start by right before this podcast started, |
| 1:19.4 | I was talking about one of the most important principles. And this applies if you want to make |
| 1:23.3 | money with social media or in anything in your life, you have to become a master of systems, |
| 1:29.4 | systems. If you could like imprint one word on your head, it'd be master of one phrase master |
| 1:37.1 | of systems. And you know, in the world of social media, I know a guy that's 20 years old, |
| 1:41.2 | making $700,000 a month with his social media, his Instagram and YouTube. I've figured out how to |
| 1:47.5 | make, you know, I've probably in the last couple of years just with social media alone made 40 or |
| 1:52.9 | 50 million bucks with social media. So I'm coming from a place where I've done it. I'm not just |
| 1:58.5 | giving you head knowledge. I'm giving you real life experience on this. It's not just theoretical. |
| 2:04.3 | There's lots of people making 10 grand a month and 100 grand. So Joe's here. I'm here. Zach's |
| 2:09.6 | here. McKenna is here. And we're going to just talk about McKenna as a personal trainer. |
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