Copycat Marketing 101 Summary – Copycat marketing 101 book tells us how we can get real wealth, know about different sources of making wealth, and get financial freedom i.e. no boss hassle, time tension No, and the command of our life is in our hands. By learning from the Copycat marketing101 book, we can get out of the trap of earning money.
In Copycat marketing 101 book, Burke Hedges has given many ways to become rich with Motivational Quotes:
Copycat Marketing 101 Summary
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Do Copy But Be Careful
The monkey does what it sees. Similarly, we humans also do what we see. We also copy to earn our livelihood. Getting a job is also a form of imitation because we see that 95% of the people around us are doing jobs. We cannot make real wealth from a job, but we can only earn a livelihood.
True Wealth : Copycat Marketing 101 Book Summary
True wealth means complete freedom. Complete freedom means – we can use the money whenever we want and for that, we have our complete freedom. Time is our most precious commodity. Its value is more than gold and silver because once the time is gone, it cannot be recovered. Most people make money according to the amount of time they put in. We should do some work in which short-term income can be converted into Residual Income.
Copycat Marketing 101 Summary
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How is True Wealth Created? (How to Create True Wealth):
The only way to do this is by leveraging your time, your money, and your efforts. Salary earners just make money according to their own efforts and time, but make money from Businessmen Network. They multiply their time by the network. In Copycat marketing 101 book, Burke Hedges explains that we need to invest our time and learn to duplicate.
Leveraging : Copycat Marketing 101 Book Summary
Generally, we use a time grinder in exchange for money, that is, we get a salary according to the amount of time we put in.
Salary per hour * Hours of work = Earnings
By leveraging we can get out of the trap of time and money.
Leveraging literally means to lighten up, that means smart work should be done by not working too hard. We have to do such work in which more money can be made by investing less time and less money. The franchise is a very good example of leverage.
“I would like to earn 1% of 100 people’s efforts instead of 100% of my efforts.” J Paul Getty
“It’s not enough to be busy, ants are busy too. The real question is, what are we busy with?” Henry David Thoreau
Copycat Marketing 101 Summary
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Rapid Exponential Growth:
“If you want to be rich you find someone who is making a lot of money and doing the same thing he is doing.” J Paul Getty
5+5=10 Normal Growth (Limited)
5²=25 Rapid exponential growth (explosive)
Burke Hedges has given an example of Network Marketing here in which one person teaches business to two people and they further teach business to two more people in this way if we have a team of 7 people and work 2 – 2 hours. If we work for 14 hours, but if our team is of thousand people and worked for 2 – 2 hours, then 2000 hours of work is done. In this way, by using these methods we can achieve economic freedom and success.
Copycat Marketing 101 Summary
