Warren Buffett:
MBA Talk - Part 1
9 min 52 sec - May 2007

If you find the sheer volume of information on this page "just too much," Click Here to Prevent Overwhelm!

Buffett's Brilliance:

1. "Get one good idea a year and then ride it to its full potential." -- MBA Talk - Part 7 - 09:33
   
   
2. "Our biggest mistakes were mistakes of ommission -- not taking action." -- MBA Talk - Part 6 - 08:29
   
   
3. "Why smart people make dumb mistakes. You have to get rich only once. Blind spots." -- MBA Talk - Part 2 - 10:00
   
   
4. "I've been extraordinarily lucky!" -- MBA Talk - Part 10 - 07:52

Find out How to Become Nearly as Lucky as Warren Buffett!

What's more important: WHAT Buffett thinks, or Learning HOW he thinks?

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GOOD NEWS!: Some people, trying to make money online, enjoy considerable success. We provide you with the "goodies" that enable you to join the ranks of the successful!

Rise above the "Success Threshold!"

The Alexa chart below indicates the power and growth of the Revenue Magic program. A rising trend indicates faster growth than other top websites. "Above 40,000" signifies that RM is among the top 40,000 most popular of all websites.

How to Get Your "Money Horse" (or "Cash Cow") Moving forward and toward Your Destination of Making Money!

If you're interested in making money online, it may be useful to think in terms of a "Money Horse." You want to get on your Horse and then do the things that will move your Horse forward, making you money.

To get going you may have to spend some money. In a sense, this moves you backward, away from your destination. To make money you need to make more than you spend.

Programs that require just a one-time spend ("Horses" you feed once!) subject you to less risk. Many people join programs that require monthly spends. Many of them give up and drop out before they break through the barrier of earning more than they spend.

Some programs can be used by practically everybody trying to make money online. Revenue Magic and Ad Surf Daily are such programs because they can be used to advertise practically anything most moneymakers are trying to sell and/or promote.

If you're already making money online, you can use Revenue Magic and Ad Surf Daily to expand your marketing and earn even more.

You can also make more money with such marketing programs themselves as additional income streams! (Note that a level or rising Alexa chart indicates that more and more people are using a program because it works.)

Program management often provides training on how to succeed with their program. You may find that all the training you might need to become successful can be found on this page and its links!

Practically everybody can take actions and learn from them. You can discover actions that work and improve them. You can stop doing what doesn't work and do more of what works.

If you've been trying to make money online for some time with less success than you expected or hoped for, then you may want to consider using Revenue Magic and/or Ad Surf Daily as the "school" where you learn how to drive your "Money Train" toward your destination of making more money.

In trying to make money online, you have experiences... and form conclusions (or hypotheses). Some of your conclusions may be mistaken. You can make many more wrong conclusions than right ones. It's possible to "dyslearn" from your experiences (move backward) -- you could become less capable of success over time.

There may be people you interact with who want you to fail for psychological reasons, including envy. They may try to "assist" you with wrong conclusions. You could use the Scientific Method to improve your hypotheses/conclusions.

As a "general success approach" you may want to check out Simpleology 101 for FREE!

Because of "psychological factors" some people may sabotage their own success. If this applies to you, contact Mike Goldstein for a FREE telephone consultation.

If after your best efforts you fail to make money with Revenue Magic and/or Ad Surf Daily, then consider the possibility that it may be better for you to work at a job where a boss tells you what to do and pays your salary.

The Most Powerful Success Principles!

#1. Be Responsible (for What You Can Control)!

#2. Utilize Your Time Productively!

#3. Get (Appropriately) Real!

#4. Pay the Price (to Rise above the Success Threshold)!

#5. Find a (Good) Horse to Ride!

#6. Get Lucky!

#7. Get Unstuck (from Whatever is Holding You Back)!

#8. Increase Your Personal Power!

Click Here to Continue.

The Fifth Most Powerful Success Principle?

(See The Most Powerful Success Principles!)

Have you seen the book by Al Ries & Jack Trout: HORSE SENSE: The Key to Success Is Finding a Horse to Ride?

You can also:
"Find a Cash Cow to Milk!"

Cash Cow #1: Revenue Magic

Cash Cow #2: Ad Surf Daily

10 Reasons to Consider Revenue Magic and Ad Surf Daily

1. For years, many people have attempted to "crack the code" that would make get-paid-to-advertise or cashback-marketing programs work. All indications are that both Revenue Magic and Ad Surf Daily have Cracked the Code to make cashback marketing work!
   
   
2. Online advertising is part of a hundred billion dollar industry which could hit one trillion dollars within a decade.
   
   
3. Check out the Alexa charts for Revenue Magic and Ad Surf Daily on this page. As long as they show uptrends, their business as reflected by their traffic is growing faster than most other websites.
   
   
4. You can join Revenue Magic and Ad Surf Daily for FREE and check out the programs before risking any funds.
   
   
5. Both Revenue Magic and Ad Surf Daily have sustainable business plans that make longterm growth and performance possible. Both companies are professionally managed.
   
   
6. Get paid to learn to better utilize the Internet, which in less than 25 years has grown to over one billion users worldwide. No other invention in the history of the world has reached so many people so quickly. Be part of the biggest human revolution since the printing press.
   
   
7. Find out where the massess are going and get their first! Many people become wealthy by riding -- like a wave -- major new technology developments and breakthroughs. Be one of them. Don't get left behind!
   
   
8. Major changes are taking place in many economies and millions of people are now actively seeking new ways to earn more money or to find new ways to earn a living. Both Revenue Magic and Ad Surf Daily provide proven ways practically anyone can use to earn more.
   
   
9. In addition to getting paid to advertise, you can use both Revenue Magic and Ad Surf Daily to earn more from whatever you're advertising!
   
   
10. To let this golden opportunity pass you by could be a tragedy -- as Warren Buffet says: "Our biggest mistakes were mistakes of ommission -- not taking action."

1. Buy one "Steel" position in Revenue Magic for $22. (You never have to spend any more out-of-pocket money!)
   
   
2. Sponsor 10 people who each buy at least one Steel position. You earn $60 -- $50 sponsoring bonuses + $10 from the Steel matrix. (Check out The Single Most Important Online Moneymaking Success Action! and the Marketing Programs for details and training on how to do this. Also see Revenue Magic's "Conference & Training Schedule.")
   
   
3. Use $59 (from your earnings) to buy one "Copper" position.
   
   
4. Assist your 10 referrals to sponsor people, and/or sponsor more people yourself, and/or receive Copper spillover until you have 6 people in your Copper downline. You earn $149 from the Copper matrix and automatically receive a "Bronze" position.
   
   
5. Continue sponsoring, supporting your referrals, and/or receiving spillover until you have 6 people in your Bronze downline. You earn $200 from the Bronze matrix and automatically receive a new Bronze position.
   
   
6. Continue the same process until you've cycled 5 times in the Bronze matrix. You've now earned at least $1,000! (It will be more because of additional Steel earnings. You also earn a $49 bonus each time one of your referrals cycles in the Bronze matrix.)
   
   
7. Continue the process and there's No Upper Limit to how much you could eventually earn! (Your Revenue Magic holdings and downline could become your equivalent of a share in Warren Buffett's Berkshire Hathaway! ...For an out-of-pocket cost of only $22!)
   
   

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Possibly the biggest weakness of most people trying to make money online is that they don't get trained. Click for Free Training!

Rise above the Success Threshold!

Find a Buddy!

(See also Find a (Good) Horse to Ride!)

Some people who attempt to "grow their $22 acorn" on their own may give up before completing Step #2. In fact, there may be tens of millions of people trying to make money online, who give up before completing the "equivalent Step #2" of whatever they're trying to do to make money.

It may be easier to succeed with Step #2 if you work with a Buddy. It could by someone who lives near you, so you can meet face-to-face. You could share ideas and experiences. You could provide each other with mutual support.

Ideally, your Buddy joins Revenue Magic (RM) in your downline as one of your first 9 people. It's no problem if your Buddy is already involved in MLM, network marketing, or some online business. They can use RM to promote their business. Part of the arrangement could even be that they join RM with you and you join their business. (Warning: Some people may "pretend-join" RM in order to trick you into joining their business.)

You could find a Buddy by posting messages on notice boards at supermarkets and similar places in your local area. You could place free classified ads in local free newspapers -- Google: free newspaper atlanta, thrifty nickel dallas, etc.

You could also find a Buddy by posting messages in online Discussion Forums -- see Marketing Programs.

For some people, finding a Buddy to work with may be essential in order to succeed with Step #2.

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Find a Coach or Mentor!

(See also Find a (Good) Horse to Ride!)

In addition, or as an alternative, to finding a Buddy, you could find a Coach or Mentor to teach you the skills to succeed with Step #2.

There are thousands of Coaches. Some of them want new clients to coach. One way to find such Coaches is to join a free Business Network such as Ryze. Click on "Networks" and search for "coach." Join the relevant Networks and post messages that you're a prospective client looking for a Coach.

Ideally, you want a Coach willing to join RM with you, so they can demonstrate how they sponsor people and teach you at the same time. Of course, such Coaches can also use RM to build their own businesses. They can advise some of their existing clients to use RM to expand their businesses. In the process, such Coaches and their clients can all also earn extra money with RM itself. Everybody wins!

Part of the arrangement with your Coach could be that you refer some of your contacts to him or her for coaching, particularly your RM referrals.

It may be worth paying a Coach to teach you the skills to succeed with Step #2. If your Coach also helps build your RM downline, it could eventually become hugely profitable for you!

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Build Your Team!

(See also Find a (Good) Horse to Ride! and The Promise and the Price.)

Plan4Power emphasizes Personal Power and Team Building. In my opinion, one of the biggest mistakes wannabe Internet moneymakers make is is to try to market their paid programs, products, and/or services to strangers. (In general, it also doesn't work very well to promote anything to your "regular warm market" consisting mostly of family, friends, and job associates.) You may find that it's much more effective and efficient to promote a free service such as Plan4Power to strangers to build your list or team of contacts.

Then you promote your programs, products, and/or services repeatedly to your list or team. Strangers can be regarded as your "cold market." There are tens of millions of people trying to make money online, who are not succeeding. It may be relatively easy to promote a free service such as Plan4Power to them.

By joining they become part of your Team. You can establish contact with them. They become your "warm market." Through repeated contact and promotion, they become more receptive to your programs, products, and/or services.

An important reason to join Plan4Power is that they have a great Forum where you may be able to find Buddies, Coaches, and/or Mentors. You can ask questions and learn about the best marketing methods.

Above all, by Building a Team and encouraging your Team Members to Build their own Teams, you can create a strong and growing Foundation for Future Earnings and Wealth!

Another great program to provide you with Perpetual Advertising and Perpetual Earnings!

To diversify, you may also want to check out the Ad Surf Daily Cash Generator.

With ASD, you can buy advertising and get back rebates of up to 125% -- a gain of up to 25%. You can also earn up to 10% commission on the advertising purchases of your personal referrals and 5% on the purchases of your 2nd-tier referrals. This is huge!

ASD also has a business model (including the compensation plan) that enables the program to continue performing indefinitely while generating obligations that can always be satisfied with current funds.

I (Frederick Mann) have been with ASD since January 07. Past performance indicates a strong probablility that ASD will continue to perform as advertised. (By early May 2008, I had received 14 payments totalling over $6,000!)

Spectacular Results Possible!

The following report (edited) from a correspondent indicates what can be be achieved with Ad Surf Daily. It doesn't imply that any specific person will be able to achieve similar results:

"Although I've only had a handful of referrals, I've withdrawn over $10,000... It's incredibly lucrative!"

"Out of 15 signups in my first row, I have 10 seriously working the business and I have 20 people out of 30 on my 2nd level working. My Ad Pack accounts are now over $30,000... I've withdrawn over $10,000 cash. I had 2 seasoned networkers signup last night. I've earned referral bonuses of up to $1,250 from a 2nd level referral in one day... My daily earnings have been $400 to $700 and increasing."

"An important point is not only do we make 10% and 5% referal bonuses paid instantly to our "cash balance" on our 1st and 2nd level, we make it every day from our referrals and theirs. Most every day they buy more Ad Packs out of their "cash balances." So the bigger their Ad Packs grow, the more they make and the more we make."

"Cashouts? It takes less than 10 business days to get a deposit in my bank account. I received one today for $1,000 with $4,000 coming over the next couple of days. Not many companies I know of allow folks to get cash out this quickly."

"I love this one because everyone earns every day. No one needs to sponsor anyone. My sister just does her 10 minute job, doesn't refer a soul and her Ad Packs are now in the 1,000s. You can refer just a few if too busy with life and you can make a lot of money. You can have a life to do the things you want to do. But mostly the system has helped me help quite a number of other folks who were absolutely destitute and now they are pulling out cash. It's so nice to see happy people with hope for their future!"

Core Simpleology Courses:

Simpleology 101: The Simple Science of Getting What You Want (FREE)

Simpleology 102: The Simple Science of Money

Simpleology 103: The Simple Science of Personal Energy

Click to Save Time!

The Promise and the Price

According to "MLM lore": Mark Yarnell, a minister in a small town, was in serious financial trouble, about to lose his car and home. Fortunately, a veteran MLM sponsor introduced him to network marketing. The sponsor told Mark The Promise: "With this business you can set yourself financially free in 1-3 years."

The sponsor also told Mark The Price: "To succeed, you'll have to face and conquer 4 major enemies."

Mark said, "It's a deal!" He then invited 200 members of his congregation to his house to watch a video. 80 said, "Not interested." Mark had just encountered Enemy #1: REJECTION. He thought, "No problem, my sponsor warned me about that. I still have 120 people coming over!"

Guess what? 50 people didn't show up. Enemy #2: MEDIOCRITY. Mark thought, "No problem, my sponsor warned me about that also. I still got 70 people to watch the video."

Guess what? 57 people said, "Not interested." Enemy #3: APATHY. Undaunted, Mark thought, "No problem." 13 people signed up.

Guess what? 12 people dropped out of the business within 2 months. Enemy #4: ATTRITION.

This left Mark with just one serious associate. But Mark had paid "THE PRICE" and he succeeded. To this day, this single associate earns Mark over $10,000 per month.

Bill Britt, one of the most successful distributors in a well-known international company, was interviewed on the TV program 20/20. The show did a feature story on the company. They spent 10 minutes interviewing several distributors who whined and complained about their lack of success. During the last minute of the show, Mr. Britt was asked in front of his palatial home, "This business obviously worked for you. What's your secret?"

Bill replied, "There's no secret. I simply showed the plan 1200 times. 900 said no, and only 300 signed up. Out of those 300, only 85 did anything at all. Out of those 85, only 35 were serious, and out of those 35, only 11 made me a millionaire."

Like Mark Yarnell, Bill Britt "worked the numbers." Lesson: Your success is directly related to the degree to which you are willing to work to find others like yourself who are committed to succeed. Mark Yarnell's odds were one out of 200. Bill Britt's odds were 11 out of 1200.

Would you be willing to work with 200 people to find one who will make you $10,000 per month? Or work with 1200 people to become a millionaire? I hope you would.

It's easier when you have some idea of the odds, but you won't know the odds until after you achieve a considerable degree of success. If you get 50-100 people to sign up, and haven't found one serious person yet, you can either give up and assume the business doesn't work. Or you can realize that you need to send more "Interested Visitors" to your website(s).

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How High the
Success Threshold?

An important challenge for wannabe online moneymakers is that the success threshold for succeeding online may be considerably higher than for succeeding offline. (You may be a "9-Inch Frog" in the offline world, while being a "4-Inch Frog" in the online world!)

You see, in the online world you typically work at a job in a company. You have a boss or manager who tells you what to do. The company has standard operating procedures for just about anything. You have a job description and access to operating manuals. Other people have developed procedures that work and you just have to perform them. Generally, you're not paid to think, but to to do what you're told.

On the Internet you're typically on your own. In trying to make money online, you have an almost infinite number of choices. How do you discover those actions that work?

Another difference is that in a job typically the "distance between action and result" is short. If you flip a burger and it falls to the floor, you can see what's happening and correct your action. An associate may grab you by the arm and show you how to flip a burger. A boss may tell you: "Next time you drop a burger, you're fired!" So it's an environment where it's easy to learn. You tend to get quick and useful feedback.

On the Internet you have virtually unlimited options on how to promote something. Maybe you send out a few thousand emails, buy some "guaranteed visitors," use some kind of blaster to "reach 7 million hot prospects," etc. Typically, you get no sales or signups. If you do get a few signups, they all turn out duds. This an environment where it's much more difficult to learn and succeed. You often don't get much useful feedback.

Understanding the nature of the "self-improvement" industry may be useful. You may want to check out the book SHAM: How the Self-Help Movement Made America Helpless by Steve Salerno. ("SHAM" = Self-Help and Actualization Movement.) This is how a typical "self-help guru" becomes a millionaire:

1. He spends "5 years interviewing 500 of the most successful people in the world."
   
   
2. He identifies the "8 most important success principles" and calls them "the straight 8."
   
   
3. Bill Gates told him that "getting good ideas" is the secret of his success, so one of the "guru's 8 principles" is to "get good ideas."
   
   
4. The "guru" makes little or no attempt to establish cause-and-effect relationships between people applying his "principles" and the results they achieve. (As an example, a "success guru" might discover that "successful people are confident, so improving confidence must be an important success principle." But what if it's success that causes confidence, rather than the other way round?)
   
   
5. The "guru" makes no attempt to provide any scientific evidence that anyone who applies his "straight 8" actually becomes more successful.
   
   
6. The "guru" develops great presentation skills. He gets companies to pay him $10,000, $20,000, or more to present his "straight 8" to their employees.
   
   
7. Because the "guru" has great presentation skills, the company people have little or no idea what "causes success," and they're all somewhat gullible, everyone agrees that "it was a great presentation and they learned valuable lessons from the guru." (Gullibility may be an important MBI for some.)

"You might expect that extraordinary results like these would lead Alan Wurzel [CEO, Circuit City] to discuss the brilliant decisions he made. But when we asked him to list the top five factors in his company's transformation, ranked by importance, Wurzel gave a surprising answer: The number one factor was luck." -- Jim Collins (From Good to Great: Why Some Companies Make the Leap... and Others Don't)

Suppose you get a pain in your side and go to your doctor. He says, "After my medical training, I spent 5 years interviewing the 500 healthiest people in the world. I identified 8 factors that all had in common. Just implement these 8 things and you'll get healthy, too!"

You ask, "But doctor, how can you make a prescription without having examined me, and with no diagnosis? Shouldn't you find out specifically what's wrong with me and prescribe something to cure it?"

There's a flock of "Internet gurus" selling information on "How to Make Money Online." What if their main abilities are presentation skills, getting "testimonials" from their buddies, marketing online, and compiling "products" with fancy "covers" -- but content that is useless to practically all their gullible customers? If so, would they be the online equivalent of the offline "straight-8 guru" and the rest of the SHAM industry?

The brutal REALITY is that you could spend years buying and studying both online and offline "success books and packages," and never make any significant progress toward rising above your success threshold...

So what do you do? Answer: Check over this page, find something useful and appropriate for you, and implement it! If you PERSIST you will eventually rise above the success threshold -- even if it's higher than you now think!

However, "EMOTIONAL SENSITIVITY" may be a personal constraint for you. If so, you may need to start with the "Small-Step Progression Principle."