hey what's up everyone this is stefan
from projectlifemastery.com and right
now we are alive on youtube i'm filming
this right now just from my iphone back
behind me you could see this brand new
camera equipment that we just got the
canon c300 Mark 2 and we've been working
with it all day try to get it working
with live-streaming but unfortunately
had some difficulties with that so if
you guys were on the livestream that we
attempted to do just earlier before this
we had a few difficulties with it
freezing up and whatnot so that's why I
wanted to hop on my phone so that I
could add some value to you guys today
if you guys are joining in live let me
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just it's coming in fast he got Chicago
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Barcelona Wow
awesome people joining in from all over
thank you guys so much for joining in
always honored to be live with you guys
I'm happy to answer any questions that
you guys have got for me you know really
see how I can add some value to your
life today if there's any questions that
I can answer for you you guys can post
it here I'll do the best that I can to
give you my honest answer and be able to
support you guys with whatever's going
on in your life it's been a pretty busy
hectic day for me today myself and my
video guy been here doing the live
streams for the life mastery accelerator
and my online business mastery
accelerator program which are my monthly
mentoring program
and we covered a lot of different
content in different areas we covered in
the life master accelerator how to start
investing for financial freedom that was
an over to our live stream where I went
over all my investment strategies that I
utilize and managing money and an online
business master accelerator I shared
some affiliate marketing strategies I
shared how to start making affiliate
commissions without creating a ton of
content and so that was great too to
dive into that and if you guys are
members of that or thinking about
joining it the recordings of that should
be available inside the members area
within the next 24 hours okay questions
guys let's see I'm ended so we popping
up I won't be able to answer everyone
fun it kind of on the phone it kind of
shows it and then it disappears pretty
quick but um okay great so we've got
Nadeau on Kim Paula G's from
mispronounced your name
what happened went away okay how do you
do market research on popular items for
e-commerce in general I've been watching
your Amazon FBA video and those are
great
so for market research on Amazon I use
jungle Scouts by my friend Greg Mercer
I've done some interviews with them
great pieces of content jungle scout is
fantastic for it because it will you
could do manual ways just by looking on
Amazon and looking at the BS are the
bestseller ranking getting an idea of
just the demand of products the
competition for it and a number of other
factors but jungle scale just makes that
process so much easier so jungle scout
is what I use makes it that much faster
of course there are criteria things you
want to look for when you decide on a
product there has to be demand
competition can play a role taking a
product that there's potential for
future products with you can build a
brand out of you can make money with in
other ways I even look at deciding on a
product I think about how am I going to
market it you know what what strategies
can I utilize that can really help me
market this product whether it's social
media strategies or YouTube or blogging
you know is there a potential for
affiliate marketing to do here is there
is there online courses I can create
that are relevant to this what kind of
bonuses could I provide for this product
is this product light is it durable is
it going to easily break is it can I get
it from China can I get it from the US
where did it cost differences here how
can i ago she ate this from suppliers
all those things you want to look at you
know you want to think about all those
things when launching a product might
even look at the different categories in
amazon or some of them gated or some of
them gonna be a little bit of a barrier
so hard to differentiate all those
things you got to think about and that's
why is a lot to it you know it's a lot
to launching a product that most people
do not think about because they've never
launched a product but once you've been
on the other side we've launched a few
products all these are the theme you
gotta think about consider and that's
why often I recommend courses and
training so fast track that and put you
on the right path uh someone asked can
you still make money with Kindle
publishing of course Kindle publishing
is still one of the best ways for
someone that's brand new as a newbie to
get started making money online because
you're leveraging Amazon it's very fast
because what it takes to launch a
physical product on Amazon can take
several months a lot of research a lot
of back-and-forth with suppliers having
a supplier from trying to send you
samples comparing the samples you you
know ordering ordering sending a wire
transfer the company in China then you
know you've got to setup your Amazon
listing you've got to create shipping
orders shipping plans shipping labels
have that shipped all the way from
somewhere like China all the way to the
fifth film it's there's a lot to that
right to take a few months Kindle
publishing the way the reason why it's
so great is because it's really fast so
if you if you've got a document right
now on your computer you got an MS Word
document and that document is is five
thousand words let's say okay maybe
twenty or thirty pages you can take that
you can create a cover amazon's even got
their Kindle cover creator makes it
really fast but you can launch that book
and tomorrow it will be
online on amazon.com for sale and you
can start making money from it so that's
how fast it is and you don't need to
have all this tech skills and knowledge
of course that does help the more skills
that you have but it's a very newbie
friendly fairly quick way to launch
something and get it for sale and start
making money from it compared to other
ways it's more competitive every method
online is more competitive that's just
the reality it's the fact but you don't
have to worry too much about competition
that much if you're building a brand if
you're utilizing good marketing
strategies often the things that I teach
inside my K money mastery course that I
recommend for that Nick says do you
recommend investing in crypto currencies
so I'm actually gonna do another video
that's gonna go on into crypto
currencies but crypto currencies right
now very volatile very risky but my
answer is yes I think that it makes
sense to have a little bit of money
inside Bitcoin or etherium not
everything you've got you don't want to
put all your money your savings or
something like into something that's
that risk you're volatile but you know
even if it's a couple thousand bucks you
know whatever I don't know how much
here's actually a better threshold the
money that you put into it
be willing to lose that money okay
whatever amount you're comfortable to
lose so if you're comfortable to lose a
thousand bucks great if it's a hundred
bucks for you whatever your threshold is
for me I put money into Bitcoin and
aetherium I I don't believe you know if
I if I get that money back if it grows
ten years from now 20 years from now and
you know it turns into millions of
dollars great awesome I took advantage
of something in the early stages that
could benefit from but at the same time
if I lose that money I'm okay with that
you know it's not amount of money that I
really need to live off in my life so I
kind of consider risky investments like
that I kind of consider it my Vegas
money you know I'm willing to lose it
it's a gamble if it wins it wins big
great but if it loses I'm ok with that
as well so that's that's what I do
I've got some money in Bitcoin and
aetherium and I'll do another video that
would go more
depth on that do you have any course
that explains how to sell on Amazon I
have a course for Kindle publishing so
how to sell books on Amazon but not for
physical products my Kindle publishing
course is K money mastery at K money
mastery com you can also learn if you
haven't yet been through my free course
guys I got a free course that shares
seven ways and I make money online
these seven ways changed my life in so
many ways and it's a course that I spent
a lot of time creating that is free okay
you can get it by going at a project
life mastery com slash free course
there's a link in the description head
on over there it will go into each of
the business models and share with you
courses that I recommend how to recomm
how I recommend getting started is very
very in-depth and really detailed course
think shares a good overview of the
different ways of making money I
recommend that if you're looking more
specific for physical products FBA
fulfillment by Amazon then go through
project life mastery comm slash FBA this
is three training that I have but I've
already done a lot of training on I
recommend different courses resources in
there at project life master comm / FBA
okay you'll get emails from me I share I
share what you need to know inside there
but yes there are courses and trainings
that are recommend that you can learn
more about there do you invest your
profits into hard assets as well like
real estate for example I invest my so I
just finished talking about this in the
live stream but for me business is one
of the fastest ways someone that can
make money okay
but the truth about business especially
in an online business is that it's
always changing right so you always have
to adapt internets always changing fast
new technologies new markets new
websites it's very you know fast-paced
and my fast-paced I mean every few years
there's a lot of changes so for example
nobody knows 10 or 12
years from now what the internet will be
like nobody knows if we're still gonna
be watching videos on YouTube who knows
maybe 10 or 20 years from now we're all
hooked up to virtual reality headsets
and that's that's what you have to adapt
to at that point to stay relevant in
business so I use business to make money
very business online business is great
cuz fairly low overhead high margins
that you can make from it but the money
that I make I used to invest in stocks
companies as well as real estate I'm not
I've got a real estate investment
property but I'm not super big on real
estate I invest in my first real estate
property in 2013 and there's work
associated to it there's maintenance on
it I bought a brand new apartment
building sorry for me unit not a
building department unit in a building
and since then having tenants there
stresses with that you know their issues
damage to happen strata you know the
number of different things so for me
it's not a passive it requires work and
upkeep with it if I'm an investment more
real estate it's only gonna be with a
property manager okay someone that can
deal with the tenants and deal with all
that to be more hands-off and usually
they'll take 10% of what the rent is for
renting something for a thousand bucks a
month will take about a hundred bucks a
month to take care of that for you I
like stocks there's a lot of variety of
stocks I can get index funds that own
the S&P 500 TSX emerging markets
diversified low fees that are fairly
secure and will withstand recessions
depressions as long as like the economy
goes up a long term I can benefit from
it I like stocks that pay dividends
every month every quarter every year I
like REITs real estate investment trusts
where I can still own real estate
without having to actively manage it you
know I like I like the stocks that paid
dividends so that I can get a passive
income from that and I get taxed a lot
less on dividends than I do at other
sources of income so there's a number of
different factors and reasons why but
for me blue chip companies long-term
those are things that are more
you're more stable that I know if I
invest in the bank stocks like here in
Canada we've got one of the most secure
banking systems by invest in Bank of
Montreal that's never missed a dividend
payment in over a hundred years I know
will continue to be around for the next
twenty thirty years and that's one of
the criterias that warren buffett has is
that make sure whatever you invest in
the company is still around for 20 years
so that's that's kind of my mindset
around that but I did a really in-depth
live stream not too long ago just today
the recording will be up inside life
mastery accelerator where I really went
in depth to my investment portfolio and
strategy someone's asking Shopify or
Amazon listen people always ask me
should I do this should I do that which
way should I pursue to make money here's
the truth
all of them work all of them make money
you can find anyone that's making money
with Shopify with Amazon with publishing
with affiliate marketing with courses
with eBay with whatever the heck they're
doing okay there's always people that
are doing it the key thing that I focus
on is which one do you believe in the
most and do you buy into because
ultimately what's gonna determine your
success is what your a belief is do you
buy into it are you committed to it are
you committed to it for the long term
are you gonna be stick gonna stick with
it through the ups and downs or six
months a year are you gonna put in the
work the effort to really master it if
that's Amazon and you are excited for
that it's a line of to revision you're
you buy into it then then yeah then that
should be the one for you if it's
affiliate marketing then that should be
the one for you if it's courses or
publishing or Shopify or whatever that
is whatever the one that you believe in
and that you buy into that's the one
that's good that you're gonna succeed
with I could tell you to do this I could
tell you this is a great opportunity I
can tell you that this will make you a
ton of money and we've great but if you
don't believe it you don't buy into it
then you're not gonna do the work you're
not gonna put in the money you're not
gonna put in the time you're not going
to adapt you're not gonna master it
you're not going to get through the
obstacles that show up the road bumps
and what
you're not going to succeed so whatever
is the one that you buy into that's a
key one okay that's the key one that you
want to pursue
so Kevin says what are your tips on
finding us suppliers just look on Google
how Google is one of the easiest ways
you can find suppliers type in the
product name plus manufacture or product
name plus supplier product name plus
wholesale right and you'll basically
find a lot of companies that in in the
u.s. you know very easy for supplements
and certain products to find suppliers
in the US are all over depending on the
product if you have a very niche product
that there's not a lot of suppliers for
then you know be a lot harder to find
suppliers for now but just look on
Google if you're looking for the US
excuse me through the US and you can
find a lot that way you know I know for
myself I you know if I want to sell a
supplement I'll I'll do a search on
Google and I'll you know type in that
product name plus supplier plus
manufacturer whatever keywords they'll
put in I'll get a lot of them and then
I'll ask for them samples I'll ask for
different products there's different
research you got to do for me because
I'm selling supplements I was getting a
certificate of analysis of the products
I was doing a lot of investigation I was
sending off the products the labs and
whatnot because I wanted to see the
quality of it I wanted to have a product
I could stand behind that I could use
that I could benefit from that's doing
good in the world so you know there's a
number of things you're gonna have to do
to investigate and you know find what
obviously the prices are for from that
supplier see what available you know the
minimum order quantity that they want
how much you can negotiate with them how
long it takes to manufacture how long it
takes to ship it do they provide label
services do they have graphics designers
what other products that they have that
you could potentially source from them
as well there's a lot of factors that
comes to when it comes to sourcing
products and that's why I personally
don't like talking about Amazon and this
because I often tell people listen guys
invest my advice for people that have
questions about Amazon is listen I don't
want to teach it that's why I don't have
a course on it that's why I recommend
invest in amazing selling machine or
to play superheroes get a course that
will teach you that I'm not the person
that come to they ask questions for that
um you know I cuz I'm not I don't really
want to teach it you know I don't want
to create courses on that or anything
like that so you know and that's the
same reason even with Kindle publishing
and affiliate marketing you know I
remember when I created my Kindle
publishing course K money mastery I uh
you know I first I started doing a lot
of coaching with Kindle publishing and
I'd help people over Skype and help my
family and friends make money with it
got to the point why I just didn't want
to talk about it anymore I've already
you know I'm just kind of saying the
same things over and over again to
people and so that's why I created key
money mastery I was like listen I'm
going to create this course so I no
longer have to tell people what to do I
can just say hey it's in the course just
get my course it will answer your
questions it'll teach you what to do so
that's kind of my approach you know when
it comes to these sort of things just
get the course guys everything is in
there you're asking questions that are
already covered in a course that will
tell you what to do with it amazing
selling machine I believe will become
available again in October okay so if
you're on my list
project life master comm / FBA well
notify you when it's available I'll
probably be putting together another
bonus package it package and actually
I'm doing a lot of cool things I'm
excited for that I'll be sharing with
that but that's when that will be
available marketplace superheroes as
good as well but they teach a bit
different strategies ASM amazing sell
machines more around building a brand
and it's more the one that I recommend
the most but marketplace superheroes is
still good and it's actually
complementary because you'll learn
things from them too I'd recommend if
you can actually do both I've been
through both of those courses and they
both taught me different things that had
helped me build my business Joel says
how can I build a brand pretty simple
Joel Joel first decide on the niche that
you want to build your brand in okay
what's the topic what's the genre then
decide on a name for your brand and then
get the dot-com
the domain name for that brand set up
your social media on Facebook for that
brand and on Twitter on Instagram etc
now you have a brand now all you got to
do once you have that because all brand
is is just a name that a mass amount of
people recognize an associate emotion to
so now that Google is you have the brand
you have the name you have your logo
let's say you have your website now all
you got to do is you're going to attract
people to your brand and have them
associate emotion to it so now you just
create content right that's what the
internet is made up of it's made out of
text and images videos that's content so
start creating it creating it to add
value to people that's what will allow
them to attract people to you and now
you've got people that are following you
you got people that recognize your brand
you got people that subscribe to your
brand and that's really what it comes
down to
Damien says how do you design original
products
it depends what context you're thinking
about depends you're talking about
physical products digital products
whatever that might be but understand
that most products are not original okay
in fact oftentimes you don't want to be
the pioneer because pioneers get
slaughtered
pioneers get arrows in the back you know
when Apple came out with the iPod it was
not the most original product there is
already mp3 players out there oftentimes
you actually want to be right behind the
pioneer right behind you know where the
trend is going but you don't want to be
the first one so what I instead would
focus on is how can I differentiate how
can I take maybe an existing product but
make it better right that's what most
people do in business is they leverage
something that's already working and
doing well and then they find a ways
that they can make it better right
that's that's what technology is you
know that's how a lot of these platforms
came about you know Facebook came about
because there is already MySpace and
someone said hey how can I do that
better right and now Facebook is around
today in myspace isn't so that's what I
would focus on where instead
cool salt answer one more question see
cool we got Anthony here hey Anthony how
you doing how do you manage your time to
cover so many things well Anthony I
think the key is leverage because
there's only so much time that you have
only got 24 hours time is the only thing
equal so you have to really become a
master at leverage money the greatest
gift that money provides in my opinion
is it gives you the ability to buy time
because really that's the end of the day
the most valuable asset that you have so
what I do is I use money and you know
that's why money is great because it can
actually provide you know give you a lot
of your time back but I use money to
have someone prepare all my meals from
you through the week I use money so that
I can have someone that comes and cleans
my apartment I use money so that I can
have a personal trainer I can have a
personal assistant I can have you know
coaches and trainers and I can have
employees and teams that do a lot of
things for me so that I don't have to
spend time on things that don't matter
that don't make the biggest difference
in my life and then I can then spend my
time which is valuable on what's gonna
give you the most happiness the most joy
that's gonna make the biggest difference
that's gonna grow my business the most
that fulfills me the most
that's cultivating the skills that I
want I could be more strategic about my
time I can travel I can be with friends
I can do those sort of things and I've
because I've freed up all this time
because I don't have to do a lot of the
things that a lot of people are doing
and spending time on that don't really
matter so as soon as possible you can
hire a virtual assistant as soon as
possible that you can hire someone to
clean your place to wash the car to do
all those things that you're normally
doing that aren't making more money or
aren't the things that you enjoy or love
those are the things you've got to
eliminate from your life you've got to
fire yourself from doing those things
because at the end of the day guys you
can't do it all at the beginning you
might have to have to learn all these
skills but you gotta ask yourself do you
want to be good at ten things or do you
want to be really great at two or three
things I'd much rather rather be really
great at two or three things be one of
the best out there at those things focus
my time and
to those and in all those other things I
can outsource get other people to do for
me so that's my mindset on that okay
we'll do one more question
great great comments guys I'm seeing
them but I'm just trying to find a good
question here appreciate all the love
and support
I'm trying to think a question that's
gonna benefit the most people and I
guess a lot of these questions to guys
you know you know how they say there's
no such thing as a bad question I kind
of think there is you know if you're
asking me questions and how do I set up
an Amazon account guys Google that stuff
those are those are things you can
easily find that through Google that or
you know simple things that you guys can
probably figure out on your own and you
know often I think one of the most
important skills is being resourceful in
life being resourceful to find the
answers of things so you know a lot of
these questions I think you could
probably easily find the answers for I
really want to answer the questions
they're gonna make the biggest
difference in your life the ones that
are gonna make the biggest impact those
are the ones that I really care about
okay here's a good one how do you know
want to give up on a business idea and
try another one I would say once you've
exhausted that idea to a certain point
so for me whenever I pursue a new idea a
new goal a new plan I always give it a
fair amount of time I'll say to myself
okay I'm gonna follow this plan for six
months where I'm gonna pursue this for
six months we're on a pursuit for a year
okay I don't sugarcoat things I know
that things take time I know that to
succeed in business I kind of always use
the analogy it's like having a baby
right a baby how long does it take to
walk well it's gonna take maybe nine
months to take its first steps and then
14 months that baby is walking and it's
mobile a business is the same thing
okay it's gonna take at least a year
probably for it to really take off and
start doing well so if you have a baby
and it's not walking after three months
in business isn't making money a lot of
people think oh well there's something
wrong with this baby this business isn't
working it's not you know I'm gonna get
rid of you I'm gonna have another baby
you're gonna repeat that process so I
like to give a business opportunity at
least six months to a year to really
before I expect it to start to take off
and actually do something um you know
Fitness related things may be a meal
plan or a workout program I'll probably
give us six months you know - before I
see results on my body fat my weight but
you've got to give something a period of
time before you jump and abandon it and
move on to something else and oftentimes
it's not that you even necessarily even
need to abandon it and move on to
something else is that you just gotta
tweak things you're gonna make
adjustments that along the way you know
if you're on a diet maybe you're gonna
make adjustments along the way on a week
to week or a month a month basis if it's
a business make your phone one strategy
but you're gonna switch gears a little
bit and try something else or try this
strategy a little bit but it's always a
long term process so I would say at
least a year for most I've heard to
expect to lose money in the first years
from business opening is that true um
it's not true but you got to understand
that most businesses
lose money after the first year it's
very rare for businesses to be
profitable now that's a traditional
business online world that we live in
it's a little bit different because
there's not as much overhead or expenses
although that is depending on the
business that you're in if you're doing
affiliate marketing there's hardly any
expenses in that business if you do a
Philly Amazon FBA then yeah there's more
expenses you need to inventory and
you're gonna probably operate a deficit
before you make money a return on that
so it does depend on the business model
that you're in you know it took me when
I first started you know three years
before I really started making
consistent money I kind of made money
here and there didn't last wasn't
sustainable I was operating at a deficit
trying a lot of different things so
everyone is a little bit different but
you know guys just be in it for the long
term you know you got to have realistic
expectations going into this you know
and and the reality is you know most
people there are so many things people
have to overcome before they can succeed
it's their belief systems it's their
habits it's their mindset it's it's how
they allocate their time their work
ethic all these things their knowledge
their experience their intelligence all
those things play a role and I've got a
video that I recorded that's gonna go
more into that on the youtubes I'm not
sure we put it out yet or not but it's
probably gonna be the next video that
comes out or it might have been a recent
video that we put out that goes more
into how long it takes before someone
can make money online it's just more
realistic honest response I was reading
the other day that on average it takes
12 years before for someone to become a
millionaire again I'm not sure if that's
just business or investing related or
not but you know 12 years so you know 12
years on average for people and so you
know you know oftentimes the first few
years is kind of a wash right because
you're kind of going through the
learning curve and trying to figure
things out you know I know for myself
the first few years were very very slow
and then once you start making money
once you start having success it just
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