dont fall behind: learn these profitable skills
Summary
TLDRThis video script emphasizes four undervalued yet highly profitable skills for success in entrepreneurship: idea generation, market trend spotting, idiotic consistency, and system design. The speaker argues that instead of chasing the latest trends or techniques, focusing on these foundational skills will set one apart in the market. Idea generation is compared to a creative process, where inputs from quality sources lead to innovative outputs. Market trend spotting involves capitalizing on emerging opportunities swiftly. Idiotic consistency stresses the importance of sticking with one system until it's mastered, rather than constantly switching strategies. Lastly, system design is about viewing business as a series of systems to be optimized for efficiency and growth.
Takeaways
- π‘ **Idea Generation**: The foundation of making money is solving problems through creative ideas, which requires high-quality inputs and a process to generate new ideas.
- π **Market Trend Origins**: Being aware of market trends and capitalizing on them early can significantly impact success, as those who spot and act on trends quickly can gain substantial advantages.
- π **Idiotic Consistency**: Instead of constantly seeking new methods or systems, sticking with one and mastering it through consistent effort is crucial for long-term success.
- π οΈ **System Design**: Understanding and optimizing systems within your business is key to gaining an edge and achieving success over time.
- π§ **Inputs Matter**: The quality of ideas is directly influenced by the quality of inputs you consume, suggesting the need to seek out and learn from top thinkers and successful individuals.
- π **Trend Sensitivity**: Developing a sense for market movements and being among the first to capitalize on emerging trends can lead to substantial gains.
- π **Consistency Over Novelty**: The script emphasizes that the pursuit of the latest trends or tools often distracts from the importance of consistent application of a single, well-understood system.
- π― **Long-Term Focus**: The speaker suggests that success comes from long-term commitment to a system rather than short-term changes or quick fixes.
- π **Early Adoption Pays**: Those who can identify and quickly adapt to new market trends can reap the benefits before the market becomes saturated.
- π **Learning from Experts**: The speaker recommends learning about systems thinking from experts like Sam Ovens to improve one's business strategies.
- π **Mastery Through Persistence**: Mastery of a system or method comes from persistent effort and refusal to be swayed by the allure of new, unproven methods.
Q & A
What are the four skills mentioned in the transcript that are considered profitable and not commonly discussed?
-The four skills mentioned are idea generation, market trend origins, idiotic consistency, and system design.
Why is idea generation considered the first key skill for making money?
-Idea generation is key because making money involves solving problems, and to do that effectively, one must have creative ideas that can stand out in the market.
What does the speaker suggest as a method to improve idea generation?
-The speaker suggests improving idea generation by having better inputs, such as listening to and learning from people with good first principles thinking.
What is the importance of understanding market trends in the context of the transcript?
-Understanding market trends is important because it allows one to capitalize on opportunities quickly and stay ahead of the competition.
Can you explain the concept of 'idiotic consistency' as mentioned in the transcript?
-'Idiotic consistency' refers to the idea of sticking with one system or approach, even when it seems like it's not working, rather than constantly switching to new methods.
Why is system design considered the most important skill according to the speaker?
-System design is considered the most important because it involves viewing one's business as a series of systems that can be optimized for better performance and efficiency.
What is the main problem the speaker believes people are trying to solve incorrectly?
-The main problem people are trying to solve incorrectly is the constant pursuit of new systems or techniques instead of focusing on consistency and optimization of existing systems.
What advice does the speaker give for those who are not getting the desired results from their efforts?
-The speaker advises to stick with one system, learn all its nuances, and apply idea generation consistently within that system to achieve success.
What is the role of 'inputs' in the process of idea generation as described in the transcript?
-In the process of idea generation, 'inputs' are the sources of information and inspiration that one consumes, which influence the creative ideas one produces.
How does the speaker describe the process of idea generation in relation to creating something new?
-The speaker describes the process of idea generation as taking the consumed 'inputs' and subconsciously connecting them to create something new, which is the output or the idea.
What example does the speaker provide to illustrate the concept of spotting market trends?
-The speaker provides the example of 'raw videos' that took off a couple of months ago, where early adopters gained significant views and success by capitalizing on this trend.
Outlines
π‘ Idea Generation for Entrepreneurial Success
The speaker emphasizes the importance of idea generation in making money and standing out in the market. They liken the process to a system with inputs, processes, and outputs, suggesting that the quality of ideas depends on the quality of consumed content. They recommend listening to and learning from successful individuals to improve one's input and, consequently, the output of creative ideas. The speaker also shares an example of how they applied this principle to create the video's content, highlighting the necessity of using high-quality raw materials to forge effective ideas.
π Spotting Market Trend Origins for Competitive Advantage
The second paragraph delves into the concept of spotting market trends and their origins, which is a key skill for successful entrepreneurs. The speaker shares personal experience from the stock trading world, where early detection of market trends can lead to significant profits. They illustrate how quickly jumping on emerging trends can result in substantial visibility and success, using the example of 'raw videos' that gained popularity. The speaker advises being deeply involved in the market to anticipate and capitalize on these trends, stressing the importance of being aware and understanding market dynamics.
π Idiotic Consistency: The Key to Long-Term Gains
In this paragraph, the speaker discusses the common mistake of constantly seeking new methods and abandoning effective ones, which they term as 'idiotic consistency.' They argue that every system works if given enough time and consistency, but many people fail to achieve success because they keep switching strategies. The speaker uses the analogy of an exponential growth curve to illustrate how switching strategies resets progress. They advocate for sticking with one system until significant profits are made, despite the temptation to chase the latest trends or techniques.
π οΈ Mastering System Design for Sustainable Business Growth
The final paragraph focuses on the critical skill of system design. The speaker suggests that understanding and optimizing systems are essential for long-term success in business. They recommend watching a video by Sam Ovens on systems thinking to learn how to view and improve one's business as a series of interconnected systems. The speaker shares their personal approach to system design, including hiring a speaking coach and working with an editor to refine their content creation process. They emphasize the importance of consistency and continuous improvement within a chosen system to achieve and maintain an edge in the market.
Mindmap
Keywords
π‘Idea Generation
π‘Market Trend Origins
π‘Idiotic Consistency
π‘System Design
π‘First Principles Thinking
π‘Contrast
π‘Supply and Demand
π‘Nuances
π‘Shiny Object Syndrome
π‘SOPs (Standard Operating Procedures)
Highlights
The importance of idea generation for making money by solving problems creatively.
The analogy of idea generation to a system with inputs, processes, and outputs.
The impact of consuming high-quality content on idea generation.
The concept that the market's top performers focus on unique skills not commonly discussed.
The necessity of understanding market trends to capitalize on opportunities quickly.
Examples of how quickly adapting to market trends can lead to success.
The pitfalls of constantly changing strategies instead of mastering one.
The exponential growth curve of sticking with a single system and its benefits.
The idea that 'idiotic consistency' is key to mastering a system.
The common mistake of chasing new strategies instead of perfecting existing ones.
The significance of system design in business success.
The recommendation to watch Sam Ovens' video on systems thinking for a deeper understanding.
The need to view business and life as a series of systems to be optimized.
The importance of continuous improvement in the systems one uses.
The contrast between short-term efforts and long-term system optimization for success.
The speaker's personal experience and lessons learned from trying various business models.
The call to action for viewers to engage by commenting on what they learned or want to know more about.
Transcripts
I want to share with you four very
profitable skills that you have never
heard about while everyone else is
learning Drop Shipping smma sales
appointment setting all these skills
that everyone has already heard of a
million times there are four skills that
the really top performers are focused on
that you're not even aware of and I just
spent 72 hours with some of the best
entrepreneurs my age and I can tell you
that no one is worried about these
simple low-level skills they're worried
about this stuff I'm about to show you
right now that you've probably never
even heard of so the first skill when it
comes to really making a ton of money is
idea
Generation all making money is is
solving problems in order to solve those
problems you have to have creative ideas
if you want to make content that works
you have to have creative ideas if you
want to make sales messaging The Works
you need creative ideas if you want to
stand out from everybody else in the
entire Market you have to have creative
ideas and the better ideas you can have
more
consistently the more you're going to
take over
so idea generation is key and I just
made a video about this a little while
ago but to give you guys a quick recap
basically I generating ideas is is
exactly like any other system you have
an input you have the process and you
have the output and for most of you
guys the reason why you can't come up
with
ideas is because your inputs are
completely frecked you're not listening
to anybody who has really good first
principles thinking like go back and
listen to
any genius you can think of go back and
read their stuff any current genius like
Sam ovens or Alex rosi or Charlie Morgan
go and take inputs from them because
your thoughts are Downstream from what
you consume so if you're only consuming
Tik Tock business content telling you to
try this new sales technique you're
never going to have really ground ground
shaking ideas because all your brain
does when you're when you're creating
ideas the output of the nice idea is
it's taking these inputs and then
subconsciously it's connecting all those
inputs together to create something new
from those inputs which is the idea the
output and so an example is this video I
saw someone with the title don't fall
behind but then they just gave like four
normal skills so I thought why don't I
just show you guys four weird skills
that no one talks about that I learned
from being around future billionaires a
couple weeks ago and then put them in
the format of don't fall behind for you
know what I'm saying like you have to
take these raw materials to Smith those
materials into something useful so just
like a video game if you're using crappy
materials your weapon's going to suck
but if you have the best raw materials
in the game that are really hard to find
that are rare but they're really really
valuable you could create an amazing
weapon or the amazing idea something
useful and so whether you're doing
anything like traffic related product
related sales related the better ideas
you have the better you're going to win
so it's all about idea generation now
the next skill you've probably never
heard someone talk
about it's Market Trend
Origins so once you have the basics down
once you understand oh I need to have I
need to understand copyright I need to
understand sales I need to understand
how to get traffic how to get people to
convert um to book a call to actually
convert on the
call what really sets the people who
make a lot of money apart is people who
have this sense of the whole Market they
can see where the Market's going and
they can capitalize on that very
quickly so a great example of this is a
couple months ago making these Raw
videos really took off so people would
just grab their iPhone and they would
say hey this is how I made $20
something, raw truth and each video
would get like 100,000
views and what happened was the people
who were really at SP spotting trends
like market trends they they hopped on
it really fast like some of those guys
got like hundreds of thousands views by
making those videos but if you were two
weeks late your video was going to get
zero views none because because it was
so easy to just copy that format like it
wasn't an eazi type video right like
anybody can grab their iPhone and start
shooting but those guys were late by
that time it was already played out
because it was so easy there was no
barrier to entry in into that market of
that raw type videos for
entrepreneurs it exploded there's like a
million like all the supply came to
Market and no one wanted to see the
videos anymore but those first few
people who really capitalize on it made
bank and so you have to be able to spot
market trends and this comes from first
understanding that What markets even are
and how they exist it's just it's just a
group of people it's the it's like the
group psychology of people and then
understanding like having your like
boost to the ground and really be inside
of the market you're trying to serve and
watching like looking for these things
to
happen and I learned this kind of
backwards because I came from the stock
trading world and so if you know
anything about really trading stocks to
actually be very profitable not just
like day trading and all this
stuff the ones who make big money are
the ones who can spot a market Trend
very early and get on it like and so
that's all I was doing was spotting
market trends whether it be AI or
there'd be like a move to um like just
retail type stuff there's always a
market Trend that starts and if you can
catch the start of it you can ride it
for months so anyways spotting market
trends this just comes with time but the
first step is being aware of it so now
you're aware of it now you understand oh
wow yeah I can see these Trends on
YouTube I can see these Trends with ads
and if you can be one of those first
people to start doing the opposite and
it starts working like for instance
everybody's making highly edited videos
and a couple people started making these
Raw videos and it instantly took off
because it was so much contrast from
what everybody was used to but then
everybody started making Raw videos and
now the highly edited videos started
coming back so like it's a pendulum that
swings each way and if you can be that
person who figures out exactly when the
pendulum is about to swing you can take
the line share of that Trend so anyways
Market Trend Origins the next thing is
idiotic
consistency most of you are trying to
solve the wrong problems you think you
need the newest funnel you need to learn
the next skill you need to take
advantage of the AI automation you're
falling for the marketing traps guys you
always want something new even you guys
who think you don't want something new
you're swapping your systems you're like
oh let me try this cold Outreach
outbound system oh this isn't working
let me try the Outreach system with the
loom in it let me try our system without
a loom let me try like you're just
swapping over and over again let me try
sending DMS on IG oh that's not working
let me try it like Twitter what you need
to
understand is everything works
everything there was someone making a
million dollars a month with every
single system you can probably think of
there's someone doing a million dollars
a month with just cold email that you've
never heard of because they're in the
shadows there's someone doing a million
dollar a month with cold email with
looms there's someone doing a million
dollar a month with cold emails without
looms there's someone doing a million
dollars a month with ads on Tik Tok on
Snapchat on YouTube like every single Le
way to get traffic that you can think of
works the problem is you keep
swapping like you can make any of these
work but it's going to take a long time
so you have an exponential curve right
it goes like this and every single time
you get you get you get a little bit
down the line you're like ah this isn't
working and so you swap to the next
thing and what happens you reset the
curve you get down here you see a little
bit of success but not a whole lot
you're like I'm just going to go do
something else reset the curve oh this
marketer told me that if I just do AI
like this will really change everything
reset the
curve you can send cold emails and make
a million dollars a
month but you have to stick with it way
longer than everyone else to actually
learn all the nuances and set up a
system that works for you and like
dialing your offer all this stuff and to
do that takes idiotic consistency
because while everybody else is changing
crap and they're telling you all this
new garbage like oh dude I just tried
this new funnel you got to try the oh
you got to start a school like all all
this stuff guys I fell for this right I
started a school I started a low ticket
School everybody was like oh you got to
do low tickets so I started low ticket
school I should have just say what I was
doing you have to have idiotic
consistency and the reason why I say
idiotic beforehand is because everyone
else is going to keep changing their
stuff there are only a very few people
that you probably know in this business
game online especially on YouTube that
really think the way you should to make
a lot of money so you're going to look
like an idiot because all of your
business friends are going to be
swapping systems and learning this new
thing and trying to do you know
Twitter lead magnet gener it's just guys
just stick with one system and do not
change it until you're making a lot of
money so yeah idiotic consistency the
problem you're trying to solve is not
this newest thing the problem is how do
you stop yourself from from not being
consistent that's the problem you guys
should be worried about anybody comes
along with this new thing like oh the
danco the one person business model like
oh yeah let's get on this trend guys any
of any of these things work just pick
one Drop Shipping work SMA works
copyrighting works any business model
Works any outbound system works but you
have got to figure out how to stop
yourself from falling for the latest
shiny object if you can do that you're
going to make a lot of money next thing
is system Design This is skill number
four and this is probably the most
important you have to learn how to
design systems so all this that we just
talked about idea generation spotting
market trends um obviously consistency
is a huge one you have to stick with the
same system for a long time and most you
guys don't even know how to think in
systems so instead of me trying to share
this with you I want you to go watch the
systems thinking video from Sam ens okay
cuz he's the guy who we all learned it
from I I want you to get a water down
version for me go learn it from him so
there's Sam bus video on systems
thinking just look up Sam buen system
thinking and go watch that video and you
have to view your whole life your whole
business as
systems and what you do is you just
simply start optimizing those systems so
in the last point where we talked about
consistency you need to choose one
system for getting leads or getting
clients and do not change it do not
change it do not change it at all just
sit here and think in systems and think
how do I make this thing as good as
humanly
possible because that's how you get an
edge you see by spotting markets by
having good ideas and applying all those
ideas consistently to a system you will
crush you will crush what do you guys
think I'm doing right now I'm making
these value type videos every freaking
day every freaking day and I'm I'm
improving the systems every freaking day
I hired a speaking coach I'm working on
systems with my editor I've got Sops for
all of this stuff like at some point
people are going to see my videos
they're going to be popping off they're
going to think oh let me just go do what
KJ does let me just set up a l let me
record some videos let me get an editor
and they're going to get no results and
they're going to wonder why it's because
I've been doing this for probably by the
time my channel actually pops off it'll
be years you know I've only been doing
this three months but in in the future
it'll be years people be like why am why
is my channel not popping off I'm just
doing exactly what K is doing it's cuz
they're missing all the underlying
things that matter all these principles
so yeah stop focusing on the the the all
the sales and the marketing and just
guys learn idea generation spot market
trends idiotic consistency and system
design and you will win anything so
hopefully this video helped you showed
you some new stuff that you weren't
aware of and um yeah I'm trusting you to
go run with it I want you to comment
what you learned because we're not here
to just sit here and feel good about
oursel I'm here to teach you guys
something and you're here to learn so if
you learn something tell us what you
learned and if you want to know more
about something tell me what you want to
know more about so I can teach you it
anyways hope you guys enjoyed see you in
the next one
Browse More Related Video
How to get infinite SaaS ideas
PKK kelas XI materi Peluang Usaha #videopembelajaran #peluangusaha #produkkreatifdankewirausahaan
The Simple Secret to Wealth, And No, It Has Nothing to Do With "Doing What You Love"
The Next Big Trend of 2024 (Iβm all in)
how to actually be consistent
Stock Market Crash: The Worst Mistake You Can Make (Do This Instead)
5.0 / 5 (0 votes)