The Power of Mentoring

Whenever I have achieved exponential growth in my personal life or my professional life it is usually because of one of two things, I have immersed myself in the topic &/or I have been mentored.

Because I have experienced the power of coaching & mentoring in my life I am a big advocate of it.

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Why struggle to do something new or to take our lives or business to the next stage when we can ask someone whose has already been there how they did it?

It’s not a sign of weakness to say I haven’t done this before, can you show me how you do it? It’s smart to find the fastest, easiest route to our destination.

As children we asked questions all the time when we were curious to learn something new but as adults we assume we should know everything.

Let me save you the bother. Nobody knows everything about everything so don’t fall into that trap.

But everyone (including you) knows more about some things than others. The trick in life as I see it is to find people who know more than you and/or are more experienced about a topic and learn from them.

“If you ask any successful business person, they’ve always had a great mentor at some point along the road.” ~ Richard Branson

Whenever I have achieved exponential growth in my personal life or my professional life it is usually because of one of two things. I have immersed myself in the topic and/or I have been mentored.

I have been both coached and mentored in Book Arbitrage and that is why I am such a big fan of it. I am a product of it.

When I was asked to join the Mentoring Team I was deeply honored to be a part of this team that has made such a difference to myself and Tom both personally and professionally.

It’s wonderful to finally be achieving the kind of success we always dreamed about. If you know my story, you’ll know that wasn’t always the case!

We (myself & Tom) signed up for mentoring again last year. We had achieved our yearly goals ahead of time and were excited to kick our business on up to the next level.

I love being mentored as I mentor, for two reasons. One, obviously is to learn from someone who is further along the road. If I’m on the road to Memphis from Nashville why not ask someone whose made that journey and is now sitting in Beale Street sipping cocktails? Yum!

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I find it’s invaluable to be able to ask someone whose made the trip what wrong turns they took so that we can avoid them and then consider where we are delaying ourselves now we are on the same road?

“You can’t join the dots looking forward, you can only connect them looking backwards.” ~ Steve Jobs

Since our mentors have traveled our roads before us, they can easily join those dots for us.

Everyone no matter how accomplished they become form habits that work and habits that don’t in their business.

The second reason is to become the best mentor I can be. I have got to keep learning and growing myself in order to help others learn and grow.

I have a quote that hangs on the wall in my office that says,

“Tell me and I forget, teach me and I may remember, involve me and I learn.” ~ Benjamin Franklin

That’s how success is achieved. By getting involved.

What you can do today and every day is immerse yourself in learning the processes of your business until you are an expert in them. That just makes sense, right?

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Next, consciously surround yourself with other successful people in this business by being involved in our community. Schedule time to reach out to others by posting in our private Facebook group where we are all are achieving alongside you. It’s true that we are who we spend time with and success is a way of life in our community.

“If you don’t find a way to make money while you sleep, you will work until you die.” ~ Warren Buffett

That’s what we’re all doing here, making money online while we sleep. So let’s continue to build the best community on the planet for success and help each other achieve our dreams.

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Mastermind Principle

“In learning you will teach, and in teaching you will learn.” ~ Phil Collins

I’d like to talk about the Mastermind principle today – it’s only powerful if we apply it. I’ve mentioned before how good habits are as addictive as bad habits, but much more rewarding.

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In our Book Arbitrage Mastermind Facebook group have you thought about how sharing what you’ve learned can consolidate your learnings & strengthen those patterns in your mind – thereby making them automatic.

If you desire different or more results then you have to take different action.

“If you have knowledge, let others light their candles in it.” ~ Margaret Fuller

Think about what you’ve learned already in Book Arbitrage. You probably went through the training once or twice if you’re diligent. Did you write down what you learned & even highlight it?

Within 2 weeks of learning new things we usually forget about 70% of what we learn.
But what if you were to go back over what you’ve learned and explore it to see your understanding of it now, do you think you would see a difference?

When we were in school we did repeated learning – do you remember our times tables – one plus one =2, one plus 2 = 3. We did them until we knew them by heart.

What if you knew your Book Arb business by heart, inside and out? What difference could that make to your life? What if we remain open to learning in the way we were when we were in school/college?

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One of the ways to achieve this quickly in my experience is to apply the Mastermind principle. We have the perfect platform in the Mastermind Facebook Book Arb group to achieve this.

Consider, if you pose questions and post answers to other’s queries you could learn your business to a deeper level? Something brilliant happens when we write something down. When we teach others – we learn ourselves in a more accelerated way. When we know more we can achieve more. We just need to apply this for it to work.

“The more often you share what you’ve learned, the stronger that information will become in your memory.” ~ Steve Brunkhorst

So today – I am encouraging you to share what you have learned so far about Book Arb, for example:

  1. Two fast ways to list a book
  2. Your effective repricing strategy
  3. What you consider important when reading a Keepa chart

Anything that you have found valuable will be of amazing value to others.

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Remember you cannot teach others without learning more yourself. When you do this you may discover gaps in your own learning.

This is great news – drill down, improve on it and grow your business.
You’ll also absorb more yourself of what you are sharing with others – win-win.

“The mastermind principle consists of an alliance of two or more minds working in perfect harmony for the attainment of a common objective. Success does not come without the cooperation of others.” ~ Napoleon Hill

Wise words there from Napoleon Hill.

There’s no way myself and Tom would be where we are in our business or at the level we’re at without the community.

So I invite you to consider how using the mastermind principle can help you and the community to grow from here and then apply it.

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Reasons or Results

This week if you decide, could be the week you take your online business by the scruff of the neck and learn what you need to learn to become successful.

In thinking about our wonderful opportunity here with Book Arbitrage, I was considering the importance of each of us showing up in our business 100%.
Sounds obvious right, but are we doing it?

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Let’s look at what we have.

  • We have a brilliant system for creating wealth with the software already built in.
  • We have 2 live sessions every week where we can ask any question and have it answered by experts, who are in the business themselves.
  • We have the Facebook mastermind group where we can plug in to a Book Arb super-brain and find an answer to any question and also make contributions too.
  • We have a world class email support team that work around the clock to answer all tickets, every time.

So here’s the question, are we showing up in our business in the same way with the same commitment?

“Some people dream of success, while other people get up every morning and make it happen.” ~ Wayne Huizenga

Since we are the creators of our own success, does it matter how many cheerleaders and support we have if we don’t show up?

Think about a world class athlete who has a whole team of people around him/her and yet he/she doesn’t show up fully or he/she wants someone else to run the race for him/her. How is that athlete, who is the driver of the dream, ever gonna win?

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In Book Arb, we don’t need special skills to succeed, but we do need to show up. Everything is learnable. If someone said to you if you learn how to work this ATM machine you can withdraw as much money as you like, no limits! Would you dig in to learn it? Or would you say, I can’t do it, even though you haven’t spent much time learning it yet.

For example, if you’re not clear on your way around your Member Central account yet, within a week of focus, say one hour a day, you could master it and then get on with the task of making money.

If your Amazon Seller account is still confusing to you, do you think 6/7 hours of focused learning in there over one week or weekend could move you forward? You could get it mastered in a very short amount of time if you decide to. Then, you are in the drivers seat.

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Don’t let your mind give you excuses. You can have reasons or you can results but you can’t have both.

There are only a handful of mechanics to get used to with Member Central and Amazon Seller Central and when you can do both, you are operating an ATM machine. Now, that’s worth spending a little bit of time on.

“Successful people do what unsuccessful people are not willing to do. Don’t wish it were easier; wish you were better.” ~ Jim Rohn

This week, if you decide, could be the week you take your online business by the scruff of the neck and learn what you need to learn to become successful.

“The secret of success is to do the common thing uncommonly well.” ~ John D. Rockefeller

We are all still cheering for you, but no one can replace you in your business. You are irreplaceable!

So jump into the drivers seat and before you know it you will succeed beyond your wildest dreams because you decided to.

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Fear

It’s pretty amazing that we do as well as we do as human beings even though we are taught to live in a perpetual state of fear.

I thought I’d share something with you that I learned about fear. It’s usually associated with what “might happen”, not what is happening right now. Which means it’s completely made up – not real. It’s not actually happening.

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“Imagination is everything. It is the preview of life’s coming attractions.” ~ Albert Einstein

So why in the world would we create something that we don’t have any need or desire for in our minds?

Simple. Most of us as children were taught to be afraid as a way of life – don’t run or you’ll fall. Or we think if we don’t worry, again this thinking is associated with what might happen not something that is happening, we’ll get caught out. How crazy is that? Worrying if we don’t worry that we’ll have something to worry about. We are very funny when you think about it.

“If a problem is fixable, if a situation is such that you can do something about it, then there is no need to worry. If it’s not fixable, then there is no help in worrying. There is no benefit in worrying whatsoever.” ~ Dalai Lama

It’s pretty amazing that we do as well as we do as human beings even though we are taught to live in a perpetual state of fear. It may be low level but it’s usually there. We could waste our whole lives with that. That’s not to say we don’t pay attention to a situation if we need to handle it. Looking for a solution is not the same thing as worrying about it though. These two states of mind create completely different outcomes.

Here in our Book Arb community we are fortunate because we don’t have to wonder if this business works. We know that it does because of the stacks of evidence with the results that are kindly shared on an ongoing basis. Which means we have the certainty factor already dialed in so we don’t need to waste any time worrying or being afraid we won’t succeed. Our success is certain once we keep applying what we have learned & improving on our skills over time.

This allows us to just get on with creating the kind of success we always knew we deserved & can now achieve – automatically.

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It is important to build your mind for success as well as your Book Arb system. Find solutions to problems as you go. Remember, it’s a good thing when unexpected situations show up, it means you’re growing as a business and are now presented with the opportunity to take the next step to create even bigger success.

It is exciting & a privilege to share this journey with you. Let’s succeed together.

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Mastermind

Think about how the knowledge you’ve gained already, that you take for granted as obvious, could be the piece of gold that turns the key for someone else. When you share wisdom you acquire it.

Hello Friends. I thought I’d talk about the power of mastermind in creating our success.
Just about all the great success stories and leaders in their fields of any kind will attest to the fact that they had mentors and/or were part of a mastermind group.

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It must make sense when we think about it, learn from others who are achieving what we desire to achieve.

“Deliberately seek the company of people who influence you to think and act on building the life you desire.” ~ Naploeon Hill

In our Book Arb community, we are supremely blessed to have a huge Book Arb super-brain and mastermind group built in already. I absolutely love this. But this mastermind effect only takes effect when we plug into it, utilize it and contribute to it.

If I may, let me share an example of how this played out for myself and Tom.

Pre the August textbook peak season last year we were having a conversation with one of the other mentors. We were discussing how we were getting ready for August season. He said something to us that stunned us in it’s brilliance, simplicity and yet it had not occurred to us.

He asked us what our goal was for selling inventory during textbook season and we said ‘Oh, about 40% would be great, in one month,’ that was our expectation.

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He said, ‘why not 100% of your inventory?’ I was stunned because as obvious as it was, it had not occurred to us. So that one conversation changed our approach and our results.

You may well ask, ‘did you sell 100% of your inventory?’ The answer is no, we sold 80.5% of our inventory. The cynic may say that’s nearly 20% off your goal but we were thrilled because we doubled what we previously thought was possible.

Our vision expanded with one conversation and now our sales are superior on an ongoing basis because our expectations have expanded.

So today, I am encouraging you to consider the value of this mastermind principle found in our community.

For me it’s like a massive sleeper asset that comes alive when we use it and contribute to it. This is what is in place already. We all have a wealth of experience and knowledge together which is powerful and unique to our niche market. We have world class support and answers to questions.

We are forging new highways of success in easier and faster ways by sharing our successes and we can elevate ourselves and one another in our collaborative approach to success.

I love how Richard Branson put it,

“Two heads are definitely better than one and by sourcing ideas from each other, you have a better chance of coming up with a strategy that will allow your business to overcome a setback or challenge.” ~ Richard Branson

Think about how the knowledge you’ve gained already, that you take for granted as obvious, could be the piece of gold that turns the key for someone else and share it.
When you share wisdom you acquire it.

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So if you approach the mastermind group going to give rather than going to get, magic happens and you will receive more than you ever thought possible – I promise.

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Mindset

“Once your mindset changes, everything on the outside will change along with it.” ~ Steve Maraboli

At last year’s live event Jon & Luke had t-shirts printed with Mindset is Everything on them. I think that captures success not just in business but in life.

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We see the world as we are, not as it is – through our own filter – what we believe to be true.

If you think about it we all have our own internal GPS – our own thoughts & beliefs guiding us & depending on what it tells us we take action based on that.

Say our GPS is set up perfectly for San Francisco, it has always been right & got us where we wanted to go but now you’re looking to navigate New York City, but your GPS is stuck on the streets of San Francisco, how difficult would it be make our way around New York?

Think of all the alleyways & wrong turns we would take following our old GPS.
Mindset is like that. We’ve got to have it switched on to success, our destination or we could end up with bumps & bruises at best.

It’s a bit like the way we use our Book Arb software to find books. Depending on the filter settings we arrange we find different results.

With the way the training & ongoing support is set up we are guided to what kind of books to buy, when & how to sell them & as we master those, we are guided to the next part of the journey of our biz, up-scaling, outsourcing etc.

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Having our success mindset switched on is key to being able to hear what’s being said & how we apply it otherwise we can still be navigating San Francisco in New York. We can be right all day long following our internal GPS but we’re not getting any closer to the statue of Liberty. In our case, success & profitable sales.

“Imagination is more important than knowledge.” ~ Albert Einstein

In our community we are being given the knowledge, the step by step of how to be successful. Our business model has come with it’s own GPS set for unlimited success.
So be sure that your internal map is set for success. It is already because you’re here in this community & you’re learning & taking action.

To maintain it, you have to constantly expand your success mindset. Our minds have to be fit, just like our bodies. Unfortunately, I never got any fitter by watching someone else work out. Or I can’t work out for the month of January & expect to be fit for the whole year, again, more is the pity.

Our mindsets require ongoing fitness/growth as our business is constantly growing.

“The road to success is always under construction.” ~ Lily Tomlin

Be proud that you have a bookstore. Be proud of your progress. Be delighted that you have a community of people who really want to see you succeed, because we do.

“A big business starts small.” ~ Richard Branson

Remember to include working on your mindset in your daily workflow by reading/listening to inspirational material that will keep you inspired, learning, growing & challenged.

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This is how success continues to grow, keep growing yourself & your business side by side.

I like how Steve Maraboli said it,

“Once your mindset changes, everything on the outside will change along with it.” ~ Steve Maraboli

Chat soon

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Make The Days Count

We’ve all experienced some great challenges recently but with great challenges come great & equal benefits & opportunities.

It’s a glorious day to be alive & in this business.

The wheels are turning once again in Amazon as they always do. Fluctuations may happen but they are the titans of our online business so they are only making money in books when we buy & sell on their store!

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What may be noteworthy is we had one of our best days sales ever in the middle of this recent turn of events, which was a surprise to us. It was very welcome & perhaps evidence again of the power of focusing on what’s working well, making adjustments, taking action & letting go of things that are outside of our control.

“Don’t count the days, make the days count.” ~ Muhammad Ali

I think that’s appropriate for where we’re all at inside & outside of business at the moment.

We’ve all experienced some great challenges recently but with great challenges come great & equal benefits & opportunities.

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Which direction we’re all facing will determine more than anything else where we land & thrive as our world moves forward once again.

Which umbrella we place ourselves under is our choice, which is pretty exciting.

Choose wisely my friends, our fate is as always in our own hands.

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What’s Going To Stop Me

The problem-solving skills that define us as entrepreneurs empowers us to not only succeed in business but to succeed in life.

I received a great quote today in my email that read

“A smooth sea never made a skilled sailor.” ~ Franklin D Roosevelt

Isn’t that the truth?

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It’s funny how our (mine & Tom’s) work rate has not decreased in the past few weeks. Our workflow may have had to be adjusted i.e. more planning, finding alternative ways to source profitable books etc but we didn’t have any additional time off.

As we worked away in our home office, major blessing by the way, I was sometimes a little envious of our neighbours sitting outside sunbathing & having BBQ’s with time off but then I remembered why we’re doing this.

Building and refining our Book Arb business over time will allow us to sit outside & sunbathe for a lot longer than just a few weeks with the added bonus of financial security.

This is not to imply we’re better than any of our neighbours. We are just fortunate to have such a wonderful opportunity to create & to build wealth for our present & our future.

Where else in the world is it possible to create wealth starting with just $5 investments (books) & to roll it over many times in one year to create thousands of percent ROI?
To leverage a proven system from home that is highly automated, systematic in a rinse & repeat way?

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That comes with a world class support system built in & twice weekly live question & answer calls? With an email support team that are successfully doing the same business independently themselves & offering expert advice & support?

I don’t know about you, but I really appreciate where we are & the jackpot we have hit with this system & community.

If there weren’t a few waves along the way, then we wouldn’t have the opportunity to enjoy the inevitable momentum that comes with riding those same waves. Those are exhilarating!

The problem-solving skills that define us as entrepreneurs empowers us to not only succeed in business but to succeed in life. Those skills spill over into our every day lives.
In other words, a win here is a win everywhere in our lives. Try that on for size.

How does it feel to have a win everywhere in your life today by showing up in your business?

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I was speaking with a friend last week who said something that I thought was brilliant. She is currently entering into a new career & she said, “What’s going to stop me from doing this?” For me that is how success is achieved in one word, it is a decision!

Remember, we are not only looking for smooth seas, as lovely as those are, we are also looking for those challenges that make us flex our muscles which helps us to create more of the life we desire for ourselves.

So today, ask yourself what skill can you develop in your Book Arb biz that will bring you a step closer to living your life your way?

Think about it & then do it. You’ll thank yourself in the long run.

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Do Not Quit!

If you haven’t yet achieved the kind of success you would like to then think about adjusting your system. A couple of tweaks can make a big difference.

I got an inspirational note in my email the other day & I immediately thought of us as entrepreneurs in our community.

It said,

“Reset. Readjust. Restart. Refocus. As many times as you need to. Just don’t quit.”

Because this is a system that really works, remember most people can’t even make a sale online let alone profits, and we have all either experienced personally or witnessed gladly wild profitable success in our community, it is important to move through any feelings of being uncomfortable about not quite knowing what you’re doing – yet. The more you do this business, the better you get at it.

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Remember, if one person can make this work, then so can you! And we have tons of people in here having success.

It may also be helpful to think about the kind of success you’d like to achieve & what you need to do to achieve that. I mean really think about it!

If you haven’t yet achieved the kind of success you would like to, and assuming you’re not brand new to this currently setting up your system, then think about adjusting your system. A couple of tweaks can make a big difference.

“It’s the little details that are vital. Little things make big things happen.” ~ John Wooden

It’s easy to form habits of doing things in a certain way & then just continuing to do them the same way over & over. For example, could you review the way you are buying books & add even one new kind of search every week.

When you learned to drive, you learned to systemise it even if you didn’t think about it that way. But you got in the car every day, turned the key, checked your mirrors etc until you didn’t have to even think about it. It wasn’t automatic at first. It was probably clumsy but it became automatic.

When it came to driving you didn’t quit & say I can’t do it, you saw that just about all adults around you drive so you expected to drive & knew you’d get better at it. You just accepted it. You created a system to be a successful driver & now you can drive anywhere you’d like to go.

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Book Arb is exactly the same thing. You are learning to create money & profits on auto pilot.

So today, think about the ways you can repeat effective moves over & over & see where you drive this business.

Hint – anywhere you’d like to go.

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Applying 1% Improvements

I talked a couple of weeks ago about making a 1% improvement in our businesses. Well – did you do it?

If someone asked us if we could manage a 1% improvement in our work out routine in the gym, I’m pretty sure most of us would say yes, I can do that. That might mean 1 extra sit up, one more minute on the treadmill or instead of lifting a weight 10 times, lifting it 11 times.

What if someone told you that by just doing this you could ensure phenomenal health & vitality for the rest of your life? Would you consider it & do you think it would be worth it?

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It’s not saying run a marathon today, that would be hard but by just doing 1 extra repetition on something we’re already doing can make a big difference & it’s only 1% extra today. How hard is that?

“Leap off the fence of indecision. Get out of the ‘Want to Lane’ and put yourself into the ‘Got to Lane.’” ~ Gloria Mayfield Banks

I recently applied this 1% principle to my own health & the results are pretty amazing already when I consider where I started from 8 weeks ago. I tasked myself with cycling just 1 minute a day on my exercise bike. If I got on my bike for 1 minute & cycled I gave myself a tick on a chart – that’s all I had to do.

“What gets measured gets improved.” ~ Robin Sharma

I’m now up to 25 minutes a day. Had I started off with 25 minutes I could not have sustained it but now I can easily. More importantly though my habit of getting on my bike & exercising every day is locked in. Over time this one strategy will contribute to my overall health & wellness.

I really thought about my health & the strategies needed for success & then got on with applying it. As life does, it shows up to support us when we take that step.

Unexpectedly 2 world class health experts have come into my life & are working with me. I didn’t know that would happen but I just made the decision I was going to be well & every day that is coming about.

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We have applied this same principle to our Book Arb business & our progress & results are rockin’. Our system & automation has increased way more than 1% & we are achieving it in an easy way by expanding on what we have done already. No rocket science or big effort required.

So today, I encourage you to think about how you can apply this very simple 1% technique for even 1 part of your business, track it & watch what happens.

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