Friday, March 4, 2016

Shark Tank Notes and MY OWN NOTES

Think of your entire presentation as a tree, and that tree has many branches. From those branches there will be leaves that people can pick and tear apart.

If you stutter, it's over.

Are you up and running already?

WHY ARE YOU ADDING TO THE EQUATION OF SUBSCRIPTION BOXES?
THERE ARE SO MANY! WHAT IS SO SPECIAL ABOUT THIS BOX?

You have to SLAUGHTER all their objections. But before that, you have to slaughter it with your CURRENT PERFORMANCE w/ your company.

Don't answer questions that aren't being asked.

You're going to launch in SO AND SO PLACE, DOING WHAT?!?!?!?!

How are you vetting your own employees?

Don't wait for this: YOU HAVEN'T EXPLAINED WHY I HAVEN'T MADE MONEY!!! That's the most important thing!!!

HOW DO I MAKE MONEY?

HOW DO YOU TELL THE PERSON HOW THEY'RE GOING FROM POINT A TO POINT B?

You need to have a CLEAR BUSINESS PLAN.

How will you deal w/ legal liabilities?

Can you sell Suki! products manually first? Try 100 boxes. $2 each. Then sell each box for $17.

So $200 total, then you sell that for a total of $1,700.

You're going to have sell MANUALLY. See if you can grow from here.

ANTICIPATE EVERYTHING
Your mind has to figure everything EARLIER

Can you put in $5,000 of your own money first?

If the mind is investing in objections, it does not have as much energy left for promotion. That's Ryan Po's idea.

GIVE THEM A DEFINITE NUMBER.

HOW ARE YOU GOING TO DELIVER ON A 100,000 SUBSCRIPTION BOX ORDER?

To turn this into a business is a huge challenge, are you prepared to take it?

Is there really something to invest in?

Can you say, you get $1 for every box sent.
The minimum investment you'll take is $100,000 for an investor.
Hiring decision is everything. Basically don't hire yourself on a fulfillment job. LOL

The biggest mistake you'll make is not listening to the voice in your gut.
If you don't feel good about something internally, don't do it.

That voice in your gut keeps you focused

Always listen to your inner self. It knows what it's talking about.



Financial intelligence.
If you have a $500,000 Mickey Mouse necklace and it sells back for $100,000. You learn that Jewelry isn't what retains value, precious stones do.




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