My Friend, Mistakes

Ask yourself is there a benefit to embracing mistakes instead of recoiling from them? It’s the same circumstance you’re facing but which approach will bring results faster?

“Don’t waste a good mistake…learn from it.” Robert Kiyosaki

If mistakes are the way to success then why are we so afraid of them?

When you think about it though it kind of makes sense that we recoil from them because as children we may have felt scolded or criticized for getting an answer wrong in the classroom or dismissed by an impatient parent or sibling.

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Erroneous conclusion reached; mistakes = feeling bad and/or not good enough.

Because these experiences were often painful but subtle & repeated over time is it any wonder we learned to avoid this feeling of being wrong so vehemently?

I think not. Who wants to feel that?

But what if society got it wrong? What if it’s true that making mistakes ensures that we are making progress. How could we possibly make progress by standing still & only repeating what we have done so far? That does not make sense to me.

Ask yourself “How can I get something completely right when I haven’t done it before?” Now that is impossible.

In Book Arb we have made tons of mistakes. We have bought some bad books. But how would we know a good book if we hadn’t bought a bad one?

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We have bought good books at the wrong time i.e. we didn’t understand the timing of the market & now we do. We have repriced ineffectively & thereby slowed our success overall.

We have done things in the wrong order thereby causing inconsistency in our daily performance. For example, logging our books from the day before first thing in the morning, instead of buying more books to grow our business first & then doing the less essential administration work.

Again, if we didn’t learn to improve our daily practices, to learn from our mistakes, then how would we grow & improve?

Ask yourself is there a benefit to embracing mistakes instead of recoiling from them? It’s the same circumstance you’re facing but which approach will bring results faster? “Mistakes are bad, I’m bad at this or Mistakes are good, I’m really good at this.”

Since mistakes are a necessary part of the journey then making friends with them seems like a really good idea to me.

For one thing, they are going to keep showing up. For another it’s a signpost that we’re progressing. For another it is the road to success. So it’s all good news.

“Your best teacher is your last mistake.” ~ Unknown

How about that as an empowering idea to cause us to consider where we are & what we can do better to improve our performance.

With a different mindset i.e. mistakes are good it means not only are they not bad, but they can be the rocket fuel required to grow when we learn the lesson from it.

We went to the trouble of making the mistake, we might as well go to the trouble of benefiting from it.

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If we learn from our mistakes then we don’t need to keep checking up on them. Once we’ve made the mistake & corrected it we do not need to repeat it.

This shift in thinking means that I do not suffer mistakes at all. I just keep progressing sure in the knowledge that I am succeeding as they are my friends who show me I’m making progress.

Next, I will share how to let go of the bad books in an easy way….

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Learning From The Best

Why struggle to figure out how to get there when someone has already walked the path you are now walking and they can help guide you along the way.

“If you ask any successful businessperson, they will always (say they) have had a great mentor at some point along the road.” – Richard Branson

Mark Zukerberg, Bill Gates & Richard Branson have all talked about the benefits of learning from mentors.

No matter what stage your business is at, a start up, established and/or expanding, learning from someone who has done it before just makes sense.

It amazes me still how some people view asking for help as a sign of weakness instead of the smartest thing to do.

Why struggle to figure out how to get there when someone has already walked the path you are now walking?

The biggest investment you ought to make by far in any business is in yourself. No business plan or any amount of money can overcome a confused mind.

Think about it. You can have a co pilot in the plane with you who is vastly more experienced who can show you how to fly a plane or you can jump into the pilots seat by yourself and either crash & burn or take a lot longer to land safely at your destination. Your choice.

“One of the greatest values of mentors is the ability to see ahead what others cannot see and to help them navigate a course to their destination.” — John C. Maxwell

In our Book Arb community we have both coaches and mentors who are showing us the way in specific detail. Because they are in our industry and not just general business mentors they are keenly aware of the specific challenges we meet.

Their attitude to the person is “‘Let’s go do it,’ not ‘You go do it.’ How powerful when someone says, ‘Let’s!’” — Jim Rohn

In addition to all the other supports in our community this kind of mentoring delivers awesome reinforcement. Their intention as I continuously experience it is not just to empower us to make book arbitrage a successful business. They are actively developing entrepreneurs which goes far beyond this current business model.

Their vision is much more expanded than book arbitrage alone and it is a privilege to be a part of such conscious empowerment. Jon & Luke are changing lives forever.

“Vision is the art of seeing what is invisible to others.” ~ Jonathon Swift

They are changing the way we see ourselves and providing the practical steps to achieve our goals. It really is incredible.

If you are in the Book Arb community, in addition to buying books to grow your business, be sure to invest in yourself so that your business and you expand side by side.

That is the formula for success i.e. constant expansion and in our community success is the culture. How can we fail?

Next week, I will discuss the importance of challenges in your business and why they are a positive.

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The Sweet Spot

The hardest part for us as I’ve said before was realising that it’s easy.

It is as it sounds. Oh so sweet!!

The sweet spot for us is that we have passed the point of needing to invest any additional capital to grow this business to six figures this year. The money is compounding itself. We have the system down and it is growing exponentially. By next year and certainly within eighteen months we expect to be well on the way to seven figures. It’s a first for us so we are really excited.

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What kind of investment of money did we make? We put an additional €5,000 into buying books by getting a loan. This allowed us to build our inventory very quickly. Where else could we have the opportunity to turn €5,000 into €100,000 within a year? And it’s only year one. Selling books this way is a vehicle for flipping money quickly even when starting with small money pots. That is why I love it so much. It’s an opportunity for the little guy and gal to get their foot in the door and make life-changing money.

Within the community there are varying budgets. Some begin with unlimited budgets and scale at a much greater rate than ourselves and then there are some that start with $100 and scale more slowly and steadily and others then everywhere in between that.

You don’t have to be great to start, but you have to start to be great.      ~Zig Ziglar~

The starting point does not matter. The important thing we have found is to put your boat in the water wherever you are and get going. Once we saw for ourselves that it works consistently it’s been an easy transition to success since. The hardest part for us as I’ve said before was realizing that it’s easy.

We continue to buy books based on ROI (return on investment) and sell based on the 2018 05 30th Sales Screenshotmarket. With the nuanced buying that we’re doing now we can pretty much predict our sales going forward because we can send our books into Amazon ready to sell and turn our money over within 30-60 days. Consistently rolling our money over that many times a year is rewarding us with an insane annual ROI.

I am writing this blog because this book arbitrage system is a vehicle for real wealth creation that can work for anyone who does it. I have always been passionate about helping others to move the needle for themselves and this is by far the simplest and most effective way for Joe Bloggs (average person) to get started on exponential financial freedom starting on a limited budget within a relatively short amount of time.

For many years I signed up for lots of programmes that promised a lot but did not deliver. This system and these guys are the real deal and I am delighted to say our lives are changed forever because of it.

This journey is rewarding on so many levels. Yes, the money is fabulous and changing our lives because we are finally in charge of the money we create in our lives. That right there is reward enough. For us it means so much more.

Tom and I will be together working from home by the end of the year. Our dream. We will be able to work from anywhere in the world as it’s all on-line. Delicious. Our confidence in ourselves because we are becoming successful entrepreneurs has changed the way we move through the world.

Our expectations of what is attainable has expanded and within our reach over the next few months. Our ability to take of ourselves and the people we love most is truly fulfilling. Our extended families are also creating real world prosperity through this system and with that comes familial satisfaction and empowerment of those around us in a big way.

The friendships we are forming within the community and the epic support that is available is so wonderful and unlike anything we have ever experienced before. We really are all in this together and helping each other to reach our financial goals and it’s why this programme has proven priceless for us.

In my next blog I will describe some of the mind chatter that we had to remove which has made this whole process seamless for us on the inside as well as the outside. Remember the joy is in the journey.

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