Hello, networkers. Welcome to another series of network marketing books named Copycat Marketing 101 by Burke Hedges, which means How to Copycat Your Way to Wealth.
I have already discussed many books in summary that can be used in network marketing, and this is also one of those books that every networker should read. In network marketing, knowledge matters a lot, whether from a book or an upline, so today, in this part, we will discuss the Copycat Marketing 101 book, which is quite different and exciting.
Burke Hedges has told in this book that we learn copying from childhood. We have to copy that thing, which can help us create wealth. If I talk about it in simple language, if you want to become rich, then you should copy those people who are rich and not poor; you will remain poor if you copy poor people.
In this blog post, we will learn about copycat marketing 101 summary, like what is said in the book in detail cha-chapter-so. Let’s start.
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About the Author “Burke Hedges”
Burke Hedges is the author of the book “Copycat Marketing 101”. He is a world-renowned author, teacher, trainer, and motivational speaker. Throughout his career, he has written numerous best-selling books that have significantly impacted the lives of many readers. Burke Hedges is known for his business, marketing, and personal development expertise, which he shares through his writings and public speaking engagements.
The book “Copycat Marketing 101” is a testament to his ability to connect with readers and provide valuable insights into marketing and personal finance. The book’s focus on the concept of copycat marketing, where individuals learn from others and adapt their strategies to achieve success, resonates with readers seeking to improve their financial situations and achieve financial freedom.
Burke Hedges’ writing style is characterized by his ability to break down complex concepts into easily understandable language, making his books accessible to many readers. His emphasis on the importance of leveraging exponential growth and the power of network marketing in achieving financial success has been particularly influential in shaping the perspectives of many readers.
Overall, Burke Hedges is a respected and accomplished author who has significantly contributed to business, marketing, and personal development through his writings and public speaking engagements. His book “Copycat Marketing 101” is a valuable resource for anyone seeking to improve their financial situation and achieve financial freedom.
Copycat Marketing 101 Summary Chapter Wise
Introduction
In the introduction, the author explains that you change your approach if you don’t like your results. If you are not happy with your results, then change your approach. Plus, there are two things needed these days: first ri, ch people to find out how people live, and second poo,r people to find out how rich people work.
Continuing, the author tells a story that if you open the same door, you will get the same result, which means the same door leads to the same result. Going further, he says that whether you are in 95% or 5%, he says that if you get an opportunity to come in a 5% dress, then you are ready to do it.
After that, he tells the book’s introduction that copycat marketing will make most people, 95 or 95% because they have been copied by people who are opening doors that lead to salary caps and jobs and financial dependency. In short, most people are copy-cutting the wrong plan.
In copycat marketing 101 takeaway, we will learn about the proper system by copying, which you can create an actual value: Linear growth happens on a basis and exponential growth on a basis. Let’s start with Chapter 1.
Chapter 1. We live in a world of Copycat
In this chapter, the author discusses copycats and how we live in a copycat world. If you want to earn money, then it will cost money. The author has told this thing. The author describes how we are perfect at copy-cutting. Every person brings some talent or another, but only some have the same talent. Everyone can do copy-cutting.
After reading this chapter, I understand that if you want to copy something, it is necessary to copy the right thing. If I talk about the system, then if you are copying the system like studying, going to school, doing a job, and coming back home, there is a system that inspires you for a job. If you want to create wealth, you must choose another thing. Today, everyone focuses on income creation through the system and not only on creation.
Chapter 2. What is “True” Wealth?
Ok, in chapter 2, the author explains our natural wealth. If we define wealth, then wealth means so much money and time that you do not need to figure it out much. Going further, he explains that if you talk about Bill Gates, you think he must have had to think about how much money he had to earn or how much time he needed; it is not possible, right? Wealth means freedom, so you can do whatever you want; this is what wealth means, so spend your time wisely.
Many people think that true wealth is when you have as much money as you want, but some believe wealth does not mean you can buy as many things as you wish; wealth means how much time you have to do whatever you want. Moving forward, the author explains income creation and the time for money-trap.
How do you spend your time with money? If you work for 8 hours, you get paid for 8 hours. Similarly, if you work for 10 hours, you get paid for 10 hours. Moving forward, he explains that if your earning potential is going out, you can never become a rich person.
You are a slave for a temporary income that can end anytime, and you can also be fired from your job. You will have to leverage your time to create wealth in your profession. The author explains this in the next chapter. He also asks whether you are copying the right system. Plus, copycats have exponential growth and not linear growth that proliferates.
Chapter 3. Lineare Growth: Trading Time for Dollars
In this chapter, the author talks about linear planning, which in today’s time maximum, or 90% of the people are doing, which means they are trading their time for a few dollars. The author talks about the time for money treadmill in which he explains that the 50|50| |50|50 plan is a classic example of income creation because it is based on linear growth. Going further, he explains that professionals in today’s time are nothing but high-priced house painters who do work and earn money.
It means that he trades his time for a few thousand dollars. He is also a slave of his job. The author explains that this is the problem in the linear book; you need to work on it to be completed, which is called linear growth. In a way, it is a treadmill. So, you can ask yourself how much your treadmill pays you. For example, he has talked about many occupations, such as hospital generator, high school teacher, corporate attorney, etc.
Going further, the author tells how you can break your time-for-money trap with the help of leverage; leverage is of two types: time and money. It is essential to teach you how to leverage time. So, going further, the author also says that knowledge is the first step; if you are going to copy anything, then in chapter 4, the author explains how the book is leveraged in Leverage Growth Working is Smarter, Not Harder.
Chapter 4. Leverage Growth: Working Smarter, Not Harder
In the chapter, the author introduces how Coca-Cola leverages the drink. At one time, when Coca-Cola became very famous in the Atlanta area, Candler decided to leverage it by bottling “the secret of its international success”. In this, the author has explained how Coca-Cola leveraged its business by bottling the Coca-Cola and distributing it to the people.
So the author further explains what leverage means, always, which is a French word that means to make it lighter, that is, anything in which you are finding it difficult to work, a way to make it more accessible as a company did it, how do corporates leverage it, so what they do is they hire different people so that they can leverage their time and increase the success rate.
The author also talks about real estate. One of the most important things is that leverage comes through franchises; so many people today would know about MCD and Domino’s; different franchise models work on a leveraging theory.
Next, we talk about duplication, which is the meaning of a successful franchise; that is, if there is a franchisee of Domino’s, if another Domino’s opens, its productivity also increases a lot. Plus, can you open a franchise if asked to open one? It is possible to copy the franchisee as well. Still, from zero to zero, you can become one by the alternative franchisee model, the ultimate copycat system, which we will discuss in the next chapter.
Read: Question Are The Answers Book Summary | Network Marketing
Chapter 5. Exponential Growth: Formula for Building a Fortune
In the sector, the author talks about exponential growth. He says that if you want to become rich, you find a person earning a lot of money and doing the same thing he is doing, and then you can become rich. Going further in this, the author tells about compounding, the world’s eight wonders; exponential growth means explosive growth.
Plus, he mentioned the Rule of 72. When I gave you the summary of the starting books, roll number 72 was also noted. If you look at that, then you will understand more. You will know more details if you read the rest of the book. He talked about compounding, time is money, which is the most important thing, and has a formula: TXE2 = $.
Chapter 6. Synergism: Marriages Made in Heaven
This chapter is exciting. You will understand why it is essential to have this energy to be successful in today’s time. The author gives an example and says that if you build a castle in the air, your work will be lost; you must first make a foundation.
So let’s talk further now. Marriage Made in Heaven is a story of ice cream and waffles; mixing both creates something new. In maths, a new thing is created by combining two things. For example, earlier ice cream used to be expected, but when weapons came, it was changed into one known as ice cream today.
Creating synergy is a very great power because it creates a new thing. What is it? It makes a new product or service by combining the personal computer and the internet.
The author also talks about the franchise, explains how it works, and links it to network marketing, which he says is an ultimate synergism described in detail in Chapter 7.
Chapter 7. Network Marketing: The Ultimate Copycat System
We will discuss Chapter 7, in which the author discusses the ultimate copycat system, network marketing. The author also says that he always felt I never had to be an originator; I just had to be a good duplicate. In this, the author explains through a story that there is a master of a vast real estate who gives some money to his two servants.
He provides equal cash for both of them and says, I am going somewhere; I will return after a week and see what you people did with the money. Please don’t lose it anywhere; the first servant thinks that it should not go to waste; I keep it somewhere.
But the second servant thinks that if this money is doubled and invested, then how good it will be, so the thought process of both the people is different when the master comes back and talks to both of his servants, then he asks what both of them did with the money. Both have different answers, so in this way, the story is that the person who hides the money, the master, takes it out; that is, he fires him on the spot.
The author says that putting your money to work for you. In this, we talk further about the advantages of network marketing, the advantages of network marketing over the franchise, the exponential growth of the franchise, and the fact that, as a networker, the same thing you get paid for the recommendation.
The author also explains how network marketing works and how one person a month can grow to 4096. Going further, the author says that you have to work now, and it is your turn. He told you everything, including what kind of system you have to copy; he says network marketing is a perfect copycat system, and by copying, you can make a promising future.
Conclusion
In conclusion, Copycat Marketing 101 is the best book by reading which you can understand what kind of system you have to copy; either you copy the system of a company or copy the system of doing business; if you want a different door, then you will have to open a different door in which the author further focuses on network marketing that network marketing is also a kind of franchise plus also tells about its advertising advantages. How did you like this information and copycat marketing 101 summary? Do tell me in the comment if it was helpful for you.
