{"id":2724,"date":"2022-11-03T02:04:10","date_gmt":"2022-11-03T02:04:10","guid":{"rendered":"https:\/\/www.greatideasgreatlife.com\/blog\/?p=2724"},"modified":"2022-11-12T08:27:43","modified_gmt":"2022-11-12T08:27:43","slug":"copycat-marketing-101-english","status":"publish","type":"post","link":"https:\/\/www.greatideasgreatlife.com\/blog\/copycat-marketing-101-english\/","title":{"rendered":"Copycat Marketing 101 (English)"},"content":{"rendered":"

Why should I read this?<\/span><\/p>\n

Once, there was a business manager in his 40s who was struggling with money. He made an appointment with a financial advisor to give him some advice. He went to the financial advisor\u2019s office only to find two doors, a door that had \u201cEmployed\u201d written on it and another door that had \u201cSelf-employed\u201d written on it. He opened the door that said \u201cEmployed\u201d because he was employed. When he opened it, he was greeted by another two doors, one was marked \u201cmakes less than $40,000 a year\u201d and another door that was marked \u201cmakes more than $40,000 a year\u201d, he made less than $40,000 a year, so he opened that door only to find another two doors, one marked \u201csaves more than $2,000 a year\u201d and the other one was marked \u201csaves less than $2,000 a year\u201d, he opened the latter since he only had $1,000 in his savings account. After opening that door, he found himself right back outside the office from where he first started!<\/p>\n

The moral of the story is if you keep choosing the same choices that lead you back where you started, you\u2019ll never move forward, you\u2019ll always find yourself going right back to your first step. The only way to move forward is to choose different doors to get different results. Do you want to know how to do that? Then read this summary.<\/p>\n

Chapter 1:<\/span><\/strong><\/span><\/a>
\nWe Live in a World of Copycats:<\/span><\/strong><\/span><\/h2>\n

If there\u2019s one thing we\u2019re all good at, it\u2019s copycatting. The question is, since we copycat almost everything, why haven\u2019t we found a way to copycat creating wealth?Copycatting starts from the day we\u2019re born, we copycat the language of our parents, then we copy their moves, and their lifestyle, after that, we go to the school where we learn to write by copying letters. When we want to learn how to drive, we pay an instructor to teach us how to copycat him, and the better we copycat our instructor, the better we are at driving. However, like anything in life, copycatting has its downside: just because we all copycat something doesn\u2019t necessarily mean it\u2019s a good thing, take that into consideration when you find yourself copycatting a bad habit – \u00a0 what if the person you\u2019re copying is not right?
\nLook at this story: a man had a shop where he sold clocks.<\/p>\n

Every day an old man would pass by the man\u2019s store and look at the clocks, take out his pocket watch and then leave. The store owner got curious, so one day he went out and asked the old man what he was doing. The old man replied, \u201cI blow the quitting whistle at 5:00 each day, and I want to be sure it goes off exactly on time.\u201d The store owner laughed -he couldn\u2019t help it -after he stopped laughing, he told the old man that actually he was the one setting his clocks every day at 5:00 to the old man\u2019s whistle!They both were copycatting each other, they both thought the other person was right, their assumption was wrong.<\/p>\n

So, the answer to the question, \u201cWhy haven\u2019t we found a way to copycat creating wealth?\u201d is because we have been copycatting the job track, not the wealth creation track. Why is that? Because most people assume that a job is the only way to make their financial dreams come true. Do you really want to copycat the 95% of people who are on the job track and probably get broke by the age of 65? Or, do you want to copycat the 5% of people who are on the wealth creation track and will become financially independent or even wealthy by the time they\u2019re 65?<\/p>\n

TO READ OR LISTEN COMPLETE BOOK CLICK HERE<\/a> <\/u><\/strong><\/p>\n

\"\"<\/a><\/p>\n

Chapter 2:
\nWhat\u2019s \u201cTrue\u201d wealth?<\/strong><\/span><\/a><\/h2>\n

True wealth isn\u2019t just the ability to buy things, true wealth is the ability to be free. True wealth is having enough money and enough time to do whatever you want, whenever you want. But, be careful here – having enough money is NOT enough, you\u2019ve got to have enough time, too. Lost time can never be gained back, there are lots of highly paid doctors or engineers, but if you ask them if they\u2019re truly free, the answer would usually be \u201cNo\u201d, because they feel trapped. They know that if anything happened and they had to quit, they wouldn\u2019t survive living the same lifestyle they were accustomed to.<\/p>\n

This is called income creation, income creation is when you trade your time for money. You literally earn nothing unless you personally do the work: it\u2019s a trap, or as the author likes to call it, \u201cTime-For-Money Trap.\u201dIncome creation is temporary. Income creation does not last; once you stop working for any cause -let\u2019s say an illness left you unable to work – how are you going to afford to live? I know you won\u2019t be able to.Well then, how can you afford to live a luxurious life without being dependent on you going to work? The answer is residual income; residual income basically keeps earning money whether you show up to work or not -sounds fictional, huh?<\/p>\n

Well, fortunately, it\u2019s not fictional. Consider \u2018John\u2019: John lived the last 40 years, saving about 10% of his income and wisely invested it. After retiring, he had more than a million dollars invested. These investments earn him 10% per year \u00a0(4100,000) without him doing any work. Now, that\u2019s true wealth.<\/p>\n

TO READ OR LISTEN COMPLETE BOOK CLICK HERE<\/a> <\/u><\/strong><\/p>\n

Chapter 3:<\/strong><\/span><\/a>
\nTrading your time for money:<\/strong><\/span><\/h2>\n

These days, we have a 50\/50\/50\/50 plan: we work for 50 hours a week, 50 weeks a year for 50 years, and when we retire, we get 50% of what we used to make. The problem is that what we used to make wasn\u2019t even enough. Imagine if it\u2019s only 50% of it, what will we do when we retire?
\nThis is the basic example of linear growth. To simply calculate linear growth, we use the following equation:H (hourly wage) x N (number of hours worked) = I (income)<\/p>\n

It simply means you get out only what you put in, and if you didn\u2019t put in enough, you won\u2019t get out enough.Let\u2019s look at an example to explain the limitations of linear growth.Consider two people with two different jobs;let\u2019s name the first one, John. John sells flowers. He earns $10 an hour (after removing the money he has to spend on transportation from and to his work). If he was lucky enough to work 10 hours a day, 6 days a week, he would earn $600 per week. If he worked 50 weeks every year, he\u2019d earn $30,000 per year. That\u2019s not bad, and most people wish they could earn that much. However, that $30,000 a year is John\u2019s maximum income, he can never make more than that.<\/p>\n

Also, he doesn\u2019t get to spend enough time with his family, he never really takes a break, and his income is based on linear growth, so he only gets paid once, and once he gets paid, he\u2019s back again in the race. He has to trade his time for money again to earn enough.The second person is Mark. Mark is a general practitioner of medicine, he earns $150,000 a year; that\u2019s a lot. However, he still has to work 10 hours a day, 6 days a week – he\u2019s a prisoner of his own work: he gets back home tired, unable to spend time with his kids, he isn\u2019t exactly living the life he has always wanted. That\u2019s the problem, no matter how much you make, whether it\u2019s $30,000 per year or $150,000 per year, once you stop working, you earn nothing.<\/p>\n

A company\u2019s CEO earns a lot, maybe even 3 million dollars a year, while his employees only earn 20,000 dollars a year; why is that? That\u2019s because the CEO knows how to leverage his money; his employees are his leverage, he\u2019d rather earn 1% of 100 employees\u2019 effort than earn 100% of his own effort, and that\u2019s leverage.However, it\u2019s not enough to have leverage, and you also need to know how to use that leverage.Otherwise, it\u2019s useless. That\u2019s what we\u2019re going to learn in the next chapter.<\/p>\n

TO READ OR LISTEN COMPLETE BOOK CLICK HERE<\/a> <\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

“What will you learn from this summary?<\/p>\n

\u00a0<\/p>\n

You will learn Copycat Marketing strategies from this summary. You will learn how to create wealth by working smarter, not harder and leveraging your way to the top by franchising and investing. Finally, you will learn about the \u201cpyramid system\u201d to create wealth without investing a lot of money.<\/p>\n

\u00a0<\/p>\n

Who will learn from this summary?<\/p>\n

\u00a0<\/p>\n

–\u00a0\u00a0 \u00a0Employees and Self-employed persons
\n–\u00a0\u00a0 \u00a0Anyone seeking to increase their wealth and become financially independent<\/p>\n

\u00a0<\/p>\n

About the Author<\/p>\n

\u00a0<\/p>\n

Burke Hedges is a successful entrepreneur, marketing trainer and best-selling author. He used to be a minimum wage earner, but Burke read a book that changed his life. From there, he became a top salesman and then started his own company. Burke now offers marketing training to help people succeed just like he did.\u00a0<\/p>\n

\u00a0
\n“”Why should I read this?<\/p>\n

\u00a0<\/p>\n

Once, there was a business manager in his 40s who was struggling with money. He made an appointment with a financial advisor to give him some advice. He went to the financial advisor\u2019s office only to find two doors, a door that had \u201cEmployed\u201d written on it and another door that had \u201cSelf-employed\u201d written on it. He opened the door that said \u201cEmployed\u201d because he was employed. When he opened it, he was greeted by another two doors, one was marked \u201cmakes less than $40,000 a year\u201d and another door that was marked \u201cmakes more than $40,000 a year\u201d, he made less than $40,000 a year, so he opened that door only to find another two doors, one marked \u201csaves more than $2,000 a year\u201d and the other one was marked \u201csaves less than $2,000 a year\u201d, he opened the latter since he only had $1,000 in his savings account. After opening that door, he found himself right back outside the office from where he first started!<\/p>\n

\u00a0<\/p>\n

The moral of the story is if you keep choosing the same choices that lead you back where you started, you\u2019ll never move forward, you\u2019ll always find yourself going right back to your first step. The only way to move forward is to choose different doors to get different results. Do you want to know how to do that? Then read this summary.<\/p>\n

\u00a0<\/p>\n

Chapter 1:
\nWe Live in a World of Copycats:<\/p>\n

\u00a0<\/p>\n

If there\u2019s one thing we\u2019re all good at, it\u2019s copycatting. The question is, since we copycat almost everything, why haven\u2019t we found a way to copycat creating wealth?Copycatting starts from the day we\u2019re born, we copycat the language of our parents, then we copy their moves, and their lifestyle, after that, we go to the school where we learn to write by copying letters. When we want to learn how to drive, we pay an instructor to teach us how to copycat him, and the better we copycat our instructor, the better we are at driving. However, like anything in life, copycatting has its downside: just because we all copycat something doesn\u2019t necessarily mean it\u2019s a good thing, take that into consideration when you find yourself copycatting a bad habit – \u00a0 what if the person you\u2019re copying is not right?
\nLook at this story: a man had a shop where he sold clocks.<\/p>\n

\u00a0<\/p>\n

Every day an old man would pass by the man\u2019s store and look at the clocks, take out his pocket watch and then leave. The store owner got curious, so one day he went out and asked the old man what he was doing. The old man replied, \u201cI blow the quitting whistle at 5:00 each day, and I want to be sure it goes off exactly on time.\u201d The store owner laughed -he couldn\u2019t help it -after he stopped laughing, he told the old man that actually he was the one setting his clocks every day at 5:00 to the old man\u2019s whistle!They both were copycatting each other, they both thought the other person was right, their assumption was wrong.<\/p>\n

\u00a0<\/p>\n

So, the answer to the question, \u201cWhy haven\u2019t we found a way to copycat creating wealth?\u201d is because we have been copycatting the job track, not the wealth creation track. Why is that? Because most people assume that a job is the only way to make their financial dreams come true. Do you really want to copycat the 95% of people who are on the job track and probably get broke by the age of 65? Or, do you want to copycat the 5% of people who are on the wealth creation track and will become financially independent or even wealthy by the time they\u2019re 65?
\n“<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[7],"tags":[],"yoast_head":"\nCopycat Marketing 101 (English) - GIGL<\/title>\n<meta name=\"description\" content=\""What will you learn from this summary?\u00a0You will learn Copycat Marketing strategies from this summary. You will learn how to create wealth by working smarter, not harder and leveraging your way to the top by franchising and investing. Finally, you will learn about the \u201cpyramid system\u201d to create wealth without investing a lot of money.\u00a0Who will learn from this summary?\u00a0-\u00a0\u00a0 \u00a0Employees and Self-employed persons-\u00a0\u00a0 \u00a0Anyone seeking to increase their wealth and become financially independent\u00a0About the Author\u00a0Burke Hedges is a successful entrepreneur, marketing trainer and best-selling author. He used to be a minimum wage earner, but Burke read a book that changed his life. From there, he became a top salesman and then started his own company. 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Finally, you will learn about the \u201cpyramid system\u201d to create wealth without investing a lot of money.\u00a0Who will learn from this summary?\u00a0-\u00a0\u00a0 \u00a0Employees and Self-employed persons-\u00a0\u00a0 \u00a0Anyone seeking to increase their wealth and become financially independent\u00a0About the Author\u00a0Burke Hedges is a successful entrepreneur, marketing trainer and best-selling author. He used to be a minimum wage earner, but Burke read a book that changed his life. From there, he became a top salesman and then started his own company. 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Burke now offers marketing training to help people succeed just like he did.\u00a0\u00a0\"","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.greatideasgreatlife.com\/blog\/copycat-marketing-101-english\/","og_locale":"en_US","og_type":"article","og_title":"Copycat Marketing 101 (English) - GIGL","og_description":"\"What will you learn from this summary?\u00a0You will learn Copycat Marketing strategies from this summary. You will learn how to create wealth by working smarter, not harder and leveraging your way to the top by franchising and investing. 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Burke now offers marketing training to help people succeed just like he did.\u00a0\u00a0\"","og_url":"https:\/\/www.greatideasgreatlife.com\/blog\/copycat-marketing-101-english\/","og_site_name":"GIGL","article_published_time":"2022-11-03T02:04:10+00:00","article_modified_time":"2022-11-12T08:27:43+00:00","og_image":[{"url":"https:\/\/www.greatideasgreatlife.com\/blog\/wp-content\/uploads\/2022\/11\/16067581648352-131.png"}],"author":"GIGL","twitter_card":"summary_large_image","twitter_misc":{"Written by":"GIGL","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.greatideasgreatlife.com\/blog\/copycat-marketing-101-english\/","url":"https:\/\/www.greatideasgreatlife.com\/blog\/copycat-marketing-101-english\/","name":"Copycat Marketing 101 (English) - GIGL","isPartOf":{"@id":"https:\/\/www.greatideasgreatlife.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.greatideasgreatlife.com\/blog\/copycat-marketing-101-english\/#primaryimage"},"image":{"@id":"https:\/\/www.greatideasgreatlife.com\/blog\/copycat-marketing-101-english\/#primaryimage"},"thumbnailUrl":"https:\/\/www.greatideasgreatlife.com\/blog\/wp-content\/uploads\/2022\/11\/16067581648352-131.png","datePublished":"2022-11-03T02:04:10+00:00","dateModified":"2022-11-12T08:27:43+00:00","author":{"@id":"https:\/\/www.greatideasgreatlife.com\/blog\/#\/schema\/person\/23f14784cfb7ed7489572444e0b1efb2"},"description":"\"What will you learn from this summary?\u00a0You will learn Copycat Marketing strategies from this summary. You will learn how to create wealth by working smarter, not harder and leveraging your way to the top by franchising and investing. Finally, you will learn about the \u201cpyramid system\u201d to create wealth without investing a lot of money.\u00a0Who will learn from this summary?\u00a0-\u00a0\u00a0 \u00a0Employees and Self-employed persons-\u00a0\u00a0 \u00a0Anyone seeking to increase their wealth and become financially independent\u00a0About the Author\u00a0Burke Hedges is a successful entrepreneur, marketing trainer and best-selling author. He used to be a minimum wage earner, but Burke read a book that changed his life. From there, he became a top salesman and then started his own company. Burke now offers marketing training to help people succeed just like he did.\u00a0\u00a0\"","breadcrumb":{"@id":"https:\/\/www.greatideasgreatlife.com\/blog\/copycat-marketing-101-english\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.greatideasgreatlife.com\/blog\/copycat-marketing-101-english\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.greatideasgreatlife.com\/blog\/copycat-marketing-101-english\/#primaryimage","url":"https:\/\/www.greatideasgreatlife.com\/blog\/wp-content\/uploads\/2022\/11\/16067581648352-131.png","contentUrl":"https:\/\/www.greatideasgreatlife.com\/blog\/wp-content\/uploads\/2022\/11\/16067581648352-131.png","width":455,"height":201},{"@type":"BreadcrumbList","@id":"https:\/\/www.greatideasgreatlife.com\/blog\/copycat-marketing-101-english\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.greatideasgreatlife.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Copycat Marketing 101 (English)"}]},{"@type":"WebSite","@id":"https:\/\/www.greatideasgreatlife.com\/blog\/#website","url":"https:\/\/www.greatideasgreatlife.com\/blog\/","name":"GIGL","description":"Great Ideas to live Great Life Through Books and Mentors","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.greatideasgreatlife.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.greatideasgreatlife.com\/blog\/#\/schema\/person\/23f14784cfb7ed7489572444e0b1efb2","name":"GIGL","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.greatideasgreatlife.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.greatideasgreatlife.com\/blog\/wp-content\/litespeed\/avatar\/70ab6d202ccf85e785d695c7775a3255.jpg?ver=1777357245","contentUrl":"https:\/\/www.greatideasgreatlife.com\/blog\/wp-content\/litespeed\/avatar\/70ab6d202ccf85e785d695c7775a3255.jpg?ver=1777357245","caption":"GIGL"},"url":"https:\/\/www.greatideasgreatlife.com\/blog\/author\/hemant\/"}]}},"_links":{"self":[{"href":"https:\/\/www.greatideasgreatlife.com\/blog\/wp-json\/wp\/v2\/posts\/2724"}],"collection":[{"href":"https:\/\/www.greatideasgreatlife.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greatideasgreatlife.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greatideasgreatlife.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greatideasgreatlife.com\/blog\/wp-json\/wp\/v2\/comments?post=2724"}],"version-history":[{"count":0,"href":"https:\/\/www.greatideasgreatlife.com\/blog\/wp-json\/wp\/v2\/posts\/2724\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.greatideasgreatlife.com\/blog\/wp-json\/wp\/v2\/media?parent=2724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greatideasgreatlife.com\/blog\/wp-json\/wp\/v2\/categories?post=2724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greatideasgreatlife.com\/blog\/wp-json\/wp\/v2\/tags?post=2724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}