From Expelled Student to Entrepreneur: Mike Sancho on Network Marketing, Passive Income & the Metaverse

 I learned my lesson when I got kicked out of college. I got arrested and they took me down to jailhouse and I spent a few weeks in there
 I came pretty close to some more serious charges and actually doing some prison time
 That's when I really made that decision in my life when I was in that jail cell all alone
 And I just made that line in the same decision of I'm gonna flip the script and people are gonna be surprised
 They're gonna see what happens from here pretty much made a promise to myself that I'm gonna just outwork everybody
 And I'm gonna go all in all the time and I'm gonna do whatever it takes to be successful and I'm gonna do it legally
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 Hey guys, what's up? We're talking sales today. We're talking marketing. We're talking trading. We're talking Mike Sancio. What's up, brother?
 What's up, man? Happy to be here. Hey, man excited to have you my people and your people were talking CEO of wealth accelerators
 Real estate investor bad-ass mofo and I'm glad to have you here. What's been shaking man? You've been riding the train
 We've been riding the train hardcore man. We've been booming. Yeah, man sounds like it
 Been reading about all your success and automation and sales. Let's talk your background though, my ice the highs the lows
 Yeah, everything else definitely some lows. Yeah, you're losing sometimes you ain't learning when I was a child the
 Entrepreneur vein is just something I was born with I'd be like eight years old watching the infomercials all those
 commercials, but wait
 There's more and they're selling the products on TV
 I was trying to invent products at that point and I would go to my mom and say hey mom
 Can you help me get a patent? I was like trying to get patents with my mom's help at eight years old
 Not many kids doing that. I had it early on. I just started to get into more and more businesses as a teenager
 Not necessarily all of them legal businesses. I started selling a little weed as a kid
 It's a common theme. I guess in entrepreneurs. They take their business skills to a different kind of industry
 That ended up getting me in a little bit of trouble
 I ended up getting kicked out of high school because of it found my way into college after that and didn't learn my lesson the first time
 I'm that guy who got you're the true entrepreneur. Yeah, every friend I knew was either smoking or selling it or who knows what
 I don't know how to make money somehow, but I can relate to that entrepreneur, Jane. I like that
 I'm that guy that got expelled from high school and got expelled from college as you can imagine my family was wicked proud of me at that time
 I had a point seven one my first semester at Clemson. Is that even possible?
 Zero point zero minus. That's at F minus my ass got yanked home first semester
 It didn't go well so I can relate to making the family proud
 I think you were majoring in parties and girls. Yeah, instead of class
 I think that was the exact line I used on a podcast once I was majoring in boobs and beer
 Hey, you got to go pro and something I think I was a pro you finally learned your lesson
 I learned my lesson when I got kicked out of college. I got arrested
 They took me down to jailhouse. I spent a few weeks in there. I came pretty close to some more serious charges and actually doing some prison time
 That's when I really made that decision in my life when I was in that jail cell all alone
 I just made that line in the same decision of I'm gonna flip the script people are gonna be surprised
 They're gonna see what happens from here pretty much made a promise to myself that I'm gonna just outwork everybody
 I'm gonna go all in all the time. I'm gonna do whatever it takes to be successful and I'm gonna do it legally from there
 I got out and went to Charleston, South Carolina when I got out of jail and I was living with my parents
 I had no money. I was in debt probably a hundred thousand dollars from student loans car loans lawyer fees that I owed back to my parents
 You name it. I was in a big hole at 21 years old
 Life was in front of you exactly, but you didn't realize it at the time. I'm sure you probably felt like you know life's over
 But I was motivated. I was fired. That's good. That's good. I was people getting those holes, though
 People need to hear that kind of reflection of knowing what was ahead of you
 You were just barely getting started even started a little bad. Yeah, little Rocky when you're backs against the wall
 And you're at rock bottom for me. It was purifying. I just felt free
 I was able to just clear out all the bullshit in my life. It's a fresh start. It's a clean slate
 I went down the main strip King Street in Charleston
 I applied it every single restaurant shop whatever I took the first two jobs that I could get one was at Subway for
 750 an hour the other one was at a restaurant called 82 Queen Washington dishes
 I started working two jobs like a madman the crazy thing is I decided to outwork everybody and that's in everything because I said
 How you do anything? It's how you do everything so I came in a subway
 I started showing up 30 minutes early working before I even clocked in I started going in cleaning the bathroom
 Cleaning underneath the oven straightening the chips is before I even clocked in and you're talking Subway
 I know you can imagine the work ethic that comes with that for a lot of the people there customer service through the roof
 I was staying late clocked out still working still helping sweeping taking shifts being super helpful within six weeks
 They made me the store manager at 21 within another two months
 They made me the general manager of five locations because I just outworked everybody
 This is the ethic that I've kept with me since that point
 I just kept it boom and I was grinding my ass off
 I took that into everything and I started to take as much courses as I could
 Studying constantly about making money all different types of industries learning trading crypto e-commerce
 Real estate course after course after course. There was no break. I shut the TV off
 I just went all in at that point
 I tried to quit my jobs to go full-time into entrepreneurship
 Which was also a rocky road the first thing I was doing was real estate investing. I was doing a wholesaling
 I started flipping properties ultimately ended up going broke with that
 I didn't have enough resources at the time and pretty much I went on this cycle of quitting my jobs to go full-time into
 Entrepreneurship losing all my money failing and having to go back to work another job
 I repeated that cycle for four times before I finally got fully free. I
 Hear that story a lot especially and I see it a lot you take a course you learn something
 There's a lot of course junkies out there. They learn things, but they don't translate it to success
 I don't know if you figured out why that is I think it's part about figuring out what you want to do
 Where you want to fall in line with because for me the goal with taking the courses was never I'm gonna take this one course
 It's the end all be all this is the business. I'm gonna do for me
 It was I just want to learn everything that I possibly can about business every skill said I can learn because there is value
 And a lot of these courses. There's little golden nuggets and even if I learned just that one nugget from
 That whole course. It was worth the couple grand that I put into it. You just got to get out there and start swinging
 I believe that nothing is really a loss or a failure really is just a lesson
 You just keep barreling forward
 I was just so anxious to get out of there because I hated subway so bad
 I kept making that jump prematurely to get out after subway same thing
 I want to work at lows serving at an Italian restaurant
 I worked it like an arcade all different types of crap jobs that I hated every person should have to wash dishes at some point
 I washed dishes was my first job was 15. It was a meeting three place and I would have to scrub the macaroni dishes
 That builds some grit. Let me tell you it builds grit on your fingers and then it in your mind because they stack I'm tall
 Dude, but I'm like, oh God looking at that mound of dishes, but I do think everybody's at the wash dishes
 People laugh at me because I'd be there washing the dishes scrubbing the shit out of them like yeah, I'm being millionaire
 They're like, okay, dude. Yeah, yeah, yeah, look at you now you had the trial the start and stop start to stop
 What was the first if you call it a single a double triple? What was it? What was the first one the first double triple or homerun that I kind of hit was in network marketing
 I've been in that industry since 19 I got to introduce it at a young age that has sparked the mindset for me of business
 Because it opened up a whole new world to me where you don't have to do the 40 hours a week for 40 years
 Try and retire off 40% of your income. It was like okay
 There's another path to this and that kind of opened me up from selling weed to oh, I can become a real businessman
 It's like the same thing with just one's legal one you don't go to jail one everyone applaud you same skill sets
 Yeah, it's a lot of the same skill sets, which is incredible
 But it took me a good six seven years in that industry before I broke through I hit my first six-figure income
 I started doing 25k a month in residual income in a company the funny part is four months after that happened that company
 The owners started fighting broke up company crashed
 So I had to rebuild my income. I went to another company rebuilt my six-figure income again in network marketing
 And this one went a little bit longer
 But she got about a year in and then same deal owner started fighting ripped the company apart crashing boom went down
 Lost it all again
 And then I went to a third company after that rebuilt my six-figure income again
 I still have it now, which is good. They're about two years in I'm hopeful they'll stick around
 But during this volatility
 This is where I really got the drive to build something that's my own because in network marketing
 It's a great industry and you can do very well in it and you can learn a lot of skills and get around a lot of great people
 But at the end of the day your liver die on someone else's business
 That's a dangerous situation to have that as like your own the income stream
 This is where I really got into diversification in different industries lots of different investments
 And this is where we ended up founding wealth accelerators, which I founded in 2019. There's a stigma with network marketing
 Yeah, you know it definitely is I never hate on anybody's game
 There's people smarter than me figuring things out making a lot of money doing a lot of things
 Yeah, but I've always been like I never really understood the stigma, but it was there. What do you think that's about network marketing?
 It's a business built for average people when you have a business that's built for average people
 What are 97% of them going to do?
 Yeah, they're gonna do nothing. They're gonna turn around. They're gonna bash the industry
 They're gonna point the finger because they have no self accountability
 That's really where that stigma is the pyramid scheme things come from all network marketing is a business
 You're a sales rep for a business. They give you the whole infrastructure
 They give you the product the back office everything all you got to do is go out and build a team of sales leaders
 And that's all it is you're building sales teams. I'll ever saw it was a commission structure. Yeah
 Yeah, like everyone puts a stigma on it and I'd read about it
 And I mean I understand it now. I've had enough guests that talked about it
 I've been in advertising marketing my whole career, but this is this is the sales structure
 It's the same thing as the insurance industry or the real estate industry with the real estate brokerages
 Yeah, they earn overrides off their agents. It's the same concept. What's the formula that makes someone successful in
 Network marketing you have to be relentless you got to get up every day
 You got to talk to new people a lot of people they do the right activity
 But they don't do it for long enough. They'll do it for two to three months
 They won't get a lot of traction in that time
 So then the enthusiasm drops and then they start to waver and then they kind of bail and it's this cycle of like getting motivated
 And they're like yeah, yeah, yeah, let's go like they go to an event or a convention
 Super motivated hearing from all the six and seven figure earners. I'm gonna go do it. This is my year boom boom boom
 They go talk to all their friends and family who are broken don't have the mindset for it
 They're like dude, you're stupid you're getting scammed you're an idiot slowly that tenacity starts to fade
 So you really have to have a strong internal beliefs and motivation system
 You got to learn you got to practice your skills a lot of people don't build on their value their skills
 Because you're getting paid on the value you bring to the marketplace
 Which is what Jim Rohn would always say one of my favorite mentors a lot of people don't sharpen the toolbox
 I'll be on YouTube all day watching learning sales skills recruiting negotiation marketing one thing that's amazing
 Right now in building network marketing nowadays is social media. I've done a lot through Facebook Instagram YouTube
 I don't know how these guys built these network marketing businesses back in the day before all that
 Is that's how I built mine because you can go target people who have the same mindset as you and you can go to the top
 People a lot of people are afraid also to recruit up we call it going to people that you perceive as on a higher level than you a lot of people
 Recruit down because they think it's the easier person to recruit
 But then all you're doing is bringing people into your business that are not going to do anything
 You're turning your wheels and you're getting frustrated
 I went straight to the top people. I'm like who's a grinder who's a hustler who's got influence who's got an audience
 Let's go straight to these people. Let's cut around the chase. I want to enroll one guy who's got an audience
 He does a webinar for 500 people. We're signing up 300 people that night very smart my friend
 First thing I teach is compounding interest the halo. It's the halo if a everyone has a halo
 It's not always about the followers on Instagram. It's about that circle of influence
 Right the greater the halo that you can tap into the borrowed interest that you can get the better you can do
 And so all this playing now let me see if I can get these 17 people that might not have any following or any influence go up
 Go up. Yeah, I can say is no exactly and that a lot of people have the fear the fear factor of rejection
 I do think what it sounds like to me that secret formula the people that you get are never marketing are really entrepreneurs
 They're just might be doing it for someone else sort of at first
 But they're probably in their early phases of becoming they're gonna own their own thing one day
 It's the people who are successful in real estate because you're gonna go sign up with a brokerage
 They're gonna give you all the tools you need to be successful
 But if you're really gonna build it and win you got to be an entrepreneur at heart. I love it
 Let's talk about wealth accelerators that's the latest stuff. What is it and how you helping people?
 What's a nuts and bolts wealth accelerator is a community
 We're an ecosystem for wealth creation wealth building wealth compounding
 We provide people with a variety of passive income streams through automated businesses
 Essentially what we do is we do a lot of the heavy lifting for our clients and our partners on our businesses
 We're the operations team where basically people are teaming up with us
 They're the financial partners where the operations partner what that provides for our partners is a hands-off passive income experience
 I'll give you an example one of our newer services. We rolled out a few months ago is with trucking automation
 Okay trucking fantastic industry the freight business logistics
 Let's run it for a long time unless you're a candidate
 I respect the hell out of them but they're mad
 I'll be pissed off too if I live in Canada right now. I can't imagine
 Yeah
 Get off my lawn day
 Logistics and freight business trucking it's the backbone of the economy
 Nothing really works without trucking
 We've been in this space for the past couple years
 We started building a pilot program running some trucks out of Chicago
 That's where our trucking headquarters is
 We opened up the service of pretty much what we do is we sell these packages
 Right now that we sell them for 75 grand we do a 50-50 split on the profit
 What that does is we take that capital a startup capital for the business
 We're going to go get a truck we're going to staff it with a driver
 Do all the registrations inspections maintenance
 And then we're going to put the truck on the road and broker the freight for them
 We're teaming up with the clients they're helping us scale a fleet faster
 We're helping them gain passive income. It's a team business
 It's a win-win for everybody all around
 It's a really unique model
 We also do this in a couple other industries right now
 We do this in Amazon with FBA
 We do wholesale distribution
 We do Facebook shops that's drop shipping
 We also do YouTube automation
 We build these YouTube channels for clients
 We're building the YouTube shorts channels
 And we have a couple other models that are in the pipeline
 That we got coming with real estate
 One that I'm really excited about which is the metaverse automation
 We're going into VR baby
 We're going in there
 Meta automation
 Yeah, yeah
 We have an entire city in the metaverse
 We've teamed up with a project called Euphoria
 We're selling properties in the metaverse
 And it's entire interactive universe
 Which you can immerse yourself in
 If you imagine like a grand theft auto city
 Which you can throw on an Oculus
 Goggles or VR headset
 Jump into the city
 You can go around the city
 And then there's all types of stuff you can do within
 You can go to events venues
 We have arcades
 We're looking at setting up a casino
 Also building out a metamol
 So you can actually go and shop within the metaverse
 Really exciting stuff
 Mike Sanchez
 Working everybody find
 Wealth accelerators and you online
 Where can we find you
 You guys can find me on Instagram
 At the Mike Sanchez
 Or also our business page
 At Wealth accelerators
 You can check out a couple of our websites
 Automatetrucking.com
 Wealth accelerators
 FBA.com
 Wealth accelerators
 YT.com
 And more coming in the pipeline
 Instagram at the Mike Sanchez
 Watch out for all the scam accounts
 Because as soon as you follow me
 You're going to get followed by like 15 other accounts
 With my pictures
 Trying to get you to invest in some Bitcoin or crypto shit
 Do not send any money
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 Asking for money
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 At the Mike Sanchez is the real one
 And then at Wealth accelerators
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