Matt Bacak: 7 Tips To Success No Matter Your Industry

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I recently held a 2 day event at my country club for some clients. I started out the weekend by sharing 47 tips I’ve learned from experience to be successful and in this article, I’d like to share some of the highlights of that conversation.

Tip #1: If you follow an idiot and/or surround yourself with idiots, you’re an idiot. One of the biggest reasons I moved into my current neighborhood was because I was sick and tired of walking out of my house and having the guy next door ask me for a job as I was going to get my mail. That neighborhood was filled with people just like him. Now I live in a place where I’m surrounded by successful entrepreneurs and business-minded individuals. I’m no longer surrounded by idiots.

Tip #2: Don’t follow egos, follow bank accounts. It’s easy to get caught up in the excitement of a guru, isn’t it? There are times when you may be tricked by a “guru” claiming that they are a god. That’s not the person you want to follow. You want to follow someone who can prove to you that they are who they say they are. Don’t just look at their testimonials because it’s easy to pay someone to write a testimonial for you. Dig deeper and find out the truth.

Tip #3: Don’t fake it, make it. The first list I ever built was called Millionaire Minutes. When I started that list, I never said I was a millionaire because I wasn’t. It was all about having conversations with millionaires. I didn’t pretend to be something I wasn’t and I think that’s really important because a lot of times, with people just starting out in IM, they get caught up and think they have to be this certain type of thing to be successful. It’s not true. You will only be successful when you’re true to yourself.

Tip #4: Go where you’re celebrated, not where you’re tolerated. Have you ever been around a group of people where you felt as if you were the third wheel? Maybe you’ve even felt this way in business. If you have, it’s time to say goodbye. I think a lot of people don’t realize that you have the opportunity to leave and go some place different, a place where you will be celebrated for your unique outlook. This is the reason I left ClickBank. I achieved the highest Gravity ever on ClickBank and I was never celebrated there for my accomplishment. That’s when I went over to Warrior Forum and I’ve been received so differently there.

Tip #5: Don’t buy golden turds. The internet is full of things that sound too good to be true and if it sounds that way, it probably is. You’ve really got to be careful. There are tons of shady people out there that only care about getting money out of your bank account.

Tip #6: Don’t be afraid to fail. Fail fast. My wife flew to an event once where some of the guys from Google were speaking. One of the owners of Google said they biggest thing they tell everybody is that the reason they are where they are today is because they fail faster than everyone else. Failure is inevitable, really. But you take that failure and you use it to build yourself up to a better version of you or a better version of your product or a better version of your business.

Tip #7: Understand opportunity cost. If a hotel doesn’t rent out a room for an evening and that room is left vacant for the night, there’s no way they can pick up that money that they lost because of that room being empty. It’s the opportunity cost that was lost. Same thing with an email list (and you can apply this to any business), every time you don’t mail out, you’re missing that opportunity to make money.