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The Mind Your Business Podcast

All entrepreneurs want to know the secret to success. James Wedmore, a seven-figure online entrepreneur, believes success is created by mindset over strategy, magic over metrics, and attitude over action. In this podcast, James and co-host Phoebe Mroczek untangle the common misconception that hustle and hard work are all it takes to be successful.
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Oct 17, 2016

In this episode, James gives the five key lessons that he has learned from 7-figure business owners, starting with a high level of belief in yourself, your product and your plan.

In one year alone, James shares that he went to 15 live events and credits them for helping him never give up and to help him get to where he’s at today. Here are the lessons:

1. Belief

You must have that “knowingness” level of belief, which will carry you further than anything else. Once you know what you want, do a gut check to assess whether you truly have this belief in you.

“You can’t sell something you don’t believe in!”

In recent years, the level of belief in the online marketing industry has shifted considerably, with there being so many examples of people who have achieved success.

2. Power of relationships

Joint venture and affiliate relationships give you the potential to dramatically increase your revenue and impact.

“When you can align yourself with the right people, it can make a world of difference”

It works both ways, in that you should also be looking for ways to align yourself with people that you can promote.

3. An invitation to play bigger

The events you attend will bring you around the right people, ones who are at a whole other level. When you do this, you will be naturally pulled to that level as well.

“What does playing bigger look like to you? Are you playing small?”

You don’t know the audience on your list, and when you want to play big, you invite them to play big as well. There’s a massive shift that happens when you’re able to make any offer to them and feel good about it.

Phoebe adds that partnering with a charity can really let people know that they are making a difference, and that business and charity can go together.

4. Community and support

Support from others will give you an awareness of what’s working and what isn’t, so much faster than if you were just doing things on your own. By seeing other peoples’ success, you’ll continue to stretch yourself towards what’s possible.

5. Have empathy

As an entrepreneur, you need to know your audience better than they know themselves. This includes knowing their internal and external pains and problems they want solved. It’s about making an attempt to understand the situation they are in, and truly, genuinely caring about them.

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LINKS:

“The Rise of Superman” by Steven Kotler

Episode 026: The Best Way to Find a Successful Mastermind   

Jeff Walker    

Stu McLaren

“Ask” by Ryan Levesque

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