Episode Transcript
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Speaker 1 (00:01):
Welcome back to
Wealthy AF.
Today, we have an incredibleguest.
The incredible John Mendes isjoining us again.
John is the host of Walk toWealth and the founder of Stop
and Stare Media.
He's here to share hispractical insights on building
influence, growing wealth andusing social media to dominate.
More specifically, I considerJohn an AI expert.
(00:26):
I mean, this young man isreally got a lot of this stuff
figured out.
I love spending time with him.
He's a brilliant mind,especially when it comes to this
AI stuff.
More specifically, he helpspeople in the real estate space.
So whether you're anentrepreneur or an aspiring
investor, john's strategies willhelp you level up John.
(00:46):
Welcome back, brother.
Let's dive right in how youdoing, man.
It's good to see you, brother.
Speaker 2 (00:51):
I'm doing amazing,
martin, I always love coming
back on.
We always have greatconversation, whether it's on
your show or my show, so I'mlooking forward to wherever the
conversation takes us today.
Speaker 1 (01:00):
Awesome man, I want
to dive right in.
Every time you come on thisshow, I take a ton of notes from
you.
I learn a lot, by the way.
I've implemented a lot of thestrategies that you've shared
with me in my business and myteam, a lot of the AI tools that
you've given us we've used.
So, guys, if you're listeningto this, I would bring out a
(01:24):
notebook, because this young man, I guarantee you, I guarantee,
will give you some strategies,some tools that you probably
aren't familiar, and he's goingto.
He's just such a creative mindwhen it comes to this AI stuff.
And let's just dive right in.
Brother, talk to me.
Man, just catch me up.
Man, tell me what are you usingthese days.
(01:45):
I just let's just have aconversation.
Man, just catch me up.
Man, tell me what are you usingthese days.
Let's just have a conversationman, what are you?
up to man.
What stuff are you implementing?
What AI tools are you usingthese days in your business to
get more production?
Speaker 2 (01:56):
Yeah, so one of the
things I've been really working
on this past year or so, whichis really like just simplifying,
right when 2023, when the wholeAI trend like really hit the
market and there was, you know,new tools coming out left and
right, I was really heavily justtrying out new tools to figure
out which one's the best one andlike, as I was going on, it's
just all about practicality forme, like, what can get the job
(02:18):
done?
I need Swiss Army Knives.
I don't need a tool foreverything.
I need the one tool that can dothe most and get the most bang
for my buck and, for the mostpart, without much competition.
Chatgpt has still been leadingthe pack, so I've still been
using ChatGPT.
It's been coming out with newfeatures and, of course, we'll
probably talk about that alittle bit.
But some of the other ones thatprobably aren't familiar with
everyone one of my favoritelittle tools that kind of just
(02:38):
helps me with meetings and stufflike that.
For those of you who arehopping on calls I know you
personally.
You're in the process ofraising capital.
You're probably hopping oncalls with investors some
locally, some in person but forthe virtual calls that you're
hopping on, there's this onetool called Firefliesai that I
use and it's pretty much like anAI note taker.
It hops on a Zoom call for youand it's just kind of there in
the background and then itpretty much transcribes the
(03:01):
entire meeting right.
It helps you, gives you actionsteps from that meeting, it
helps you give a summary fromthat meeting, and so instead of
saving everything to yourcomputer, right, you can use
Firefly's AI and it hops on theback of your call.
So I've been using that forquite some time now.
Another tool that I've beenusing is Riverside.
Riverside.
It works amazingly for anyonelooking to do any sort of
(03:23):
content creation, whether it'sjust recording videos by
yourself, whether it's doinginterviews, whether it's going
live.
Riverside is pretty much like aone-stop shop, and so I have an
editor and it works seamlesslyfor me because I'll just record
my videos from my house, from my, you know, come to my own home,
and then he has my Riversideaccess, and then he has my
Riverside access so he'll log inon his end and he can just go
(03:44):
right in, upload it fromRiverside directly into his
Adobe editing softwares and getright to editing things and
making clips out of it.
But even if you're asolopreneur, solo business owner
, right.
There's editing features inthere that are pretty
user-friendly and it gets thejob done, so I love that tool as
well.
What else Another tool I'vereally been using heavily?
(04:06):
What else Riverside this oneisn't even really an AI tool
which is Dropbox.
Dropbox is such a time saver.
Instead of sending out largefiles, and especially for
content creation specifically,you probably already know you're
out recording, you shoot on a4K camera man.
These files are like 20, 30, 40gigabytes, and in order to send
(04:27):
it, it takes hours sometimes,and so I upload a lot of stuff
into my Dropbox.
I've been staying organized, but, to sum up everything I've
mentioned, we could spit out aton of different tools, but I've
really just been on just likewhat's the most bang for my buck
?
How can I simplify, how can Iget rid of everything and just
really just use the one toolthat's going to help me the most
(04:49):
?
Because, at the end of the day,as much as I'm getting known
more and more as an AI expert,I'm a business owner just like
you, martin.
I'm a business owner just likeeveryone else listening.
I'm not a Silicon Valley techguy.
I don't eat, sleep, breathe inAI, ai doesn't get me excited.
What AI can do for me gets meexcited, right, and so I kind of
stopped going out there andtrying every AI tool under the
(05:11):
sun and really started doublingdown on this.
Where can I get the highest ROIfor my time and investment?
Speaker 1 (05:16):
Where is that?
Where is that you get thehighest ROI for your time and
investment?
Speaker 2 (05:21):
For the most part,
it's still ChatGPT.
Surprisingly, chatgpt is stillleading the pack and it's still
coming out with new features andwe could talk about some of the
new things, which is why wekind of hopped on this
conversation, because when youwere on my podcast, towards the
end of it after we finishedrecording, I was mentioning some
of the new features that cameout with, and the one that
caught your eye when we weretalking is the FaceTime feature.
So a lot of people don't know.
Speaker 1 (05:42):
Tell us about that.
First of all is that in thefree version or the paid version
.
Speaker 2 (05:46):
That is currently on
the $20 a month version, the
paid version or actually any ofthe paid plans.
That's another thing that'schanged right Since the last
time we hopped on.
Before it was just free or the$20 a month.
Now ChatGPT has four plans thatyou can hop on and I'll just
break it down really quickly.
For anyone who has heard ofChatGPT and kind of on the fence
(06:08):
, here is the litmus test thatyou need to run before you ever
think about upgrading.
Have you ever been capped out ofChatGPT?
If you have never been cappedout of ChatGPT, do not even
consider upgrading, becauseyou're not even using it to its
fullest already.
Why pay extra money for extrafeatures and you're not even
using the base stuff that it has, right?
So that's the litmus test Ifyou're not getting capped out,
(06:30):
don't even consider upgrading.
If you're considering upgrading, if you got capped out one or
two times, you're still notusing it enough.
If you're, there have been dayslike for the past two years,
there've been some times where,like I'm really using AI heavy
for a new project and I'mgetting copped out for like
three days straight.
He's like come back at 11.59 pm, come back at 12 pm, come back
(06:53):
in four hours Because I'm justusing it so much and so for me
it makes sense.
But if you're brand new to it Iwouldn't recommend it.
Stick with the baseline.
It's kind of like I mean, weplayed sports growing up.
Martin, you know that one guythat showed up to LA Fitness or
shows up to the basketball courtgot the whole, you know, the
LeBron jersey, the shorts, thefreaking, the high socks, the
headband, the wristband, andthey suck at basketball.
(07:13):
That's kind of what it's like.
You know.
Don't think about upgrading.
You haven't even figured outhow to do a layup yet.
Learn the basics first.
Get you know.
Listen to some of our pastpodcasts when I hopped on prior
and like that'll give you thebasement of how to use you know,
chat, gpt, how to start writingprompts.
Once you're ready to startusing the new features, that's
when I would consider upgradingfor me got it okay.
Speaker 1 (07:37):
So let's talk about
those.
Let's talk about how you areusing chat gpt.
How do, how can the listener,the entrepreneur, the real
estate guy, the investor outthere using chat gpt give us
some hacks?
Man, give us something.
Give us something that wehaven't heard out there before
how, how john mendez, the ai guy, is actually using it.
Speaker 2 (07:58):
Talk to us, give us
some good prompts so I know
people are probably listeninglike, okay, he's gonna give us
some business strategy like Ijust want to share with you guys
the way AI is evolving.
Of course it can help you outwith business a ton, but it's
starting to make your life as awhole more convenient, your life
entirely more convenient.
So I'll give you a funny onebefore I give you some actual,
real game.
I was at my girlfriend's house.
(08:21):
She had some mangoes and I waswondering whether or not they
were good.
I asked her.
She was like I don't know,check yourself.
So I go get the mango cut itopen.
It looked a little dark in thecenter.
Hop on a FaceTime call with ChadGBT.
I'm like, hey, Chad GBT, lookat this mango.
It's a little dark in thecenter.
What do you think?
Do you think it looks good?
Let me know what you think.
And so on my phone, on ChatGBT,on a video call, I show it the
(08:44):
mango in my hand and it was likeyeah, john, the mango seems to
have a pretty dark center andI'm not really sure if you
should eat it.
I'm like all right, what arethe potential cons if I eat this
mango?
She was like food poisoningthis.
That the third, and I'm likeokay, so I just not eat the
mango, like little things likethat you can have and use
(09:04):
ChatGBT around.
But all right, let me tie itback to the business.
Speaker 1 (09:07):
Wow, that's pretty
cool man.
By the way, that's prettyawesome.
I didn't know about that untilyou told me about that a few
weeks ago, when you and I werechatting.
Speaker 2 (09:14):
Yeah, and so that's
one cool feature.
So it's like it's starting tohelp me out with just like my
everyday life.
Of course, it's been helpingout with my business for a while
now, but now it's starting togo beyond business and just
overall life convenience ishelping out with it.
As I said, that's more of asilly one, but a serious one.
For the past year or so, forwhatever reason, whenever I
(09:35):
travel my laptop can't connectto airplane Wi-Fi.
It's the most annoying thingever.
For whatever reason, I cannotconnect.
I'm on my Delta flight down toMiami.
A couple weeks ago, from thetime we're recording, I had a
public speaking workshop outthere and I'm on the way down.
I'm trying for like an hour tofigure it out myself, like I'm
trying to restart my wifi, I'mtrying to restart my computer,
(09:55):
I'm trying to turn it off, turnit back on.
Nothing was working.
So I was just like you knowwhat, let me just chat GBT, it
right?
So I pull up chat GBT on myphone.
I took a photo and I said hey,chat GBT.
I'm here on my Delta flight.
Please help me troubleshoot.
For whatever reason, I can'tconnect, and within five minutes
.
Now, mind you, I don't have anybackground in computer science.
(10:16):
I have no background in IT.
I have no background in codingor programming of any of the
sorts.
Within five minutes, chatgpthelped me generate a piece of
code that I copy and paste itinto my MacBook when I press
restart.
I kid you not.
As soon as I opened it up, theWi-Fi was there, ready to
connect on my laptop.
Speaker 1 (10:35):
Holy crap.
You know the reason I'm soshocked by that.
I was just on a flight comingback from Pennsylvania to Tampa
and both ways my iPad did thesame thing.
Like I went to the bathroom, Iclosed it.
I went to the bathroom, I cameback.
It wouldn't jump on the Wi-FiBoth flights, but anyways, I
thought that was.
I'm going to give that a run,go ahead.
Speaker 2 (10:55):
Yeah, and so it's
crazy too, because I just came
back, literally a couple of daysago, from the day we're
recording this past Wednesdayand I out for one of the largest
IT associations, which ispretty interesting because those
guys all are like tech guys, um, and I was sharing that story
with them and the message I wastrying to give them.
It's like people need ITbecause there's always going to
be people that aren't tech savvy.
(11:15):
There's always going to bepeople, for whatever reason,
they just can't figure it out,they can't connect, uh.
But now, with AI, you cantroubleshoot all sorts of
technical problems that you mayhave.
Let's say your printer is notworking.
Let's say you can't connect toa Wi-Fi, let's say something's
acting shaky and you don't knowhow to figure it out.
Well, now you have a 24-7 ITassistant in your phone that is
(11:39):
free to use and on the paid plan, you can use even more the $20
a month plan, right.
On the paid plan, you can useeven more on the $20 a month
plan, right.
And so it's like I was tryingto share the message with them,
like if you don't positionyourself as more than just IT
support, eventually you guyswill become obsolete, because
all the problems that people arecalling out to you for.
And IT specialists aren't cheap, right?
(11:59):
These people usually are payinga lot of money for IT support,
especially if they have a largercompany.
Right, people usually arepaying a lot of money for IT
support, especially if they havea larger company.
What happens when you have a24-7 chatbot that could run
through any problem with yourcomputer?
You give it the model, the make, the year and the software and
they can help you troubleshootwhatever you need in minutes
without having to wait.
Without having a customerservice bot, there's no wait
(12:21):
time.
Automatically having a customerservice bot.
Speaker 1 (12:24):
There's no wait time
automatically.
John, how can people out therelistening to us feel you know
you can give them a strategythat they can feel empowered by,
that they can see and realizethat, if they use this thing,
what strategy could you givethem that will help them scale
their business?
Whatever they're doing whetherthey're new real estate
investors that are trying tostart their journey as real
(12:48):
estate investors, maybe they'rereal estate agents and they're
trying to get more customersit's tough out there right now
in this market for real estateagents.
I know you used to work withreal estate agents.
I think you still are working,specializing with real estate
agents, or with just a plainentrepreneur that owns a mom-and
store or a little paint shop orsomething, or a painter or a
contractor how can they use AI?
(13:09):
Give us some skills andstrategies or some prompts that
people can use AI to help themscale, or how they can use AI to
scale their social mediapresence or just scale their
business as a whole.
Speaker 2 (13:23):
Yeah no great
question.
So I mean, you're very familiarwith goal setting and you know
the biggest problem with a lotof people have when it comes to
goal is just not getting clearlydefined goals.
A lot of people are runningfast, nowhere right and
wondering why they haven't gotto their destination, and so,
when it comes to goal setting,you're probably big avid reader.
(13:49):
The one thing is one of thegreatest productivity slash goal
setting books available rightnow, and so one of the exercises
that I'm going through with alot of my clients is I pretty
much had ChatGPT analyze theentire book and it created a
prompt and I'll give it away forfree.
I have an AI starter kit thatI'll give away to your audience
and in there it has all theprompts, right, but in that one
(14:10):
particular prompt it pretty muchtells you, it tells ChatGPT I
want you to act as aproductivity coach that's
trained on all of the principlesand foundations in the one
thing right, help me create abusiness plan and the prompt is
a little more lengthy, but in anutshell, that's pretty much
what the prompt says, and thenyou input that into your chat
GBT and it'll help you getclarity as to the goal.
(14:31):
So, whether you're looking toscale your business, whether
you're looking to get moreproperties under your belt,
whether you're looking to growyour social media presence.
It'll first help you createthat one thing, get clarity as
to what the goal is, and thenfrom there I have a follow-up
prompt and that goes alongsideit.
Right, and in that prompt itpretty much says hey, now break
this down and help me create myGPS.
(14:52):
For anyone who's not familiarwith that terminology from the
world, it's goals, prioritiesand strategies.
Right, they're really big onhaving, at least in the Keller
Williams world, a one-pagebusiness plan.
If you can't fit it on one page, it's too complicated, right.
And so once we have that onething that's the goal then
ChatGPT will help you come upwith your three priorities to
(15:13):
get to that goal, and withineach priority it'll come up with
strategies or aka steps to makesure you're on target.
So let's say you want to get100 units by the end of the year
, right, your three prioritiescould be sending out direct
mailers, driving for dials Imean driving for dollars, it
(15:34):
could be banded signs, right,those could be your three
priorities, and then within each, it'll give you five strategies
or five steps to accomplisheach, so that you're on track to
hit your goal.
So, for whatever the goal is,for any business owner, any
entrepreneur like you mentioned,no matter where you are, what
industry you're in, what yourspecific goal is, that's how I
would go about doing so, becauseone now you're not having to
(15:57):
worry about.
You know what do I type in thechat GPT?
You already have the chat GPT.
Just copy and paste the one I'mcopy and paste.
There's really no reason whyyou can't be an expert in chat
GPT, because there's people likemyself who have already gone
the extra mile to set upeverything for you.
So it's literally as simple ascopying and pasting.
Speaker 1 (16:21):
How do we get those?
How do the listeners get thoseprompts from you?
Speaker 2 (16:24):
Yeah.
So if you just go tostopandstaymedia forward slash
AI, it's free, you don't evenhave to put in your email, so
there's not even an opt-in.
You literally just go tostopasteremedia forward slash AI
.
There's no opt-in, you can gothere and the prompts are there
for you guys to just plug andplay.
I'm big about providing valueupfront, and so just go there
and copy and paste away, andthere's a video on there too,
(16:46):
walking you through how toactually use the prompts, how to
copy and paste it into yourchat GPT.
So for some of you who arenewer, who might have not used
the tool yet, there's no excuse,because on the actual landing
page itself there's a littlevideo of me screen sharing my
computer and like, hey, here'sthe prompt you want to use, just
copy it here and put it intohere and so that it walks you
through.
Speaker 1 (17:06):
That's amazing, man,
that's great that you do that
and you do it for free.
John, with the evolution of ai,you know you being in that
world, you're kind of beingheavy in that world.
Um, outside of gpt, um, whatother features before I, before
I go, what are the features asgpt have?
So it has this facetime thingnow most people don't know about
with the paid version?
(17:26):
What other?
What are the features?
This is have that just to makepeople's lives easier?
Uh, you know, like that waspretty cool story you shared
about the mango.
How else, how else could arepeople or could you?
Are you using gpt and thisfeature?
Speaker 2 (17:43):
so one of the biggest
problems chat gpt that everyone
had when it first came on, andeven when we last talked on your
podcast last time I was here isthat chat gpt was only trained
to a certain extent.
So if you wanted real-time,up-to-date information, you
could never get it.
There was literally no way toget real-time information unless
you manually went to somewebsite and copied and pasted
(18:04):
everything and put into ChatGPT,and even then if you started a
brand new chat, well then allthat was pretty much gone.
So you constantly had to dothat.
It was a big time suck, and forthose of you, especially in the
real estate all the real estateinvestors here you guys know
how quickly the market can shiftand how much the market varies
from state to state, county tocounty, city to city, even
(18:27):
sometimes neighborhood toneighborhood, parcel to parcel.
It could be two completelydifferent worlds, right.
And so one of the biggest thingsthat ChatGPT came out with
during this past Christmasseason they had a 12 days of
open AI almost like 12 days ofChristmas, right and on one of
the days they announced thisfeature called Search the Web.
So, as of December, chatgpt cannow connect to the internet and
(18:49):
search up any and everythingthat is online.
As long as it's a publiclyavailable site, it could search
up and pull information for you.
So now if you're looking forproperties available in the
Poconos, you can go on ChatGPTand look up what's available and
as long as it's publiclyavailable, if it's off market
things it may not be able tofind, but as long as it's
(19:11):
publicly available, recordsChatGPT will be able to pull
from it, and so a lot of somepeople.
Another big investment strategyjust kind of been blowing up
recently.
I know a guy who is big intolike tax deeds and stuff like
that.
Like all the tax county recordsare all available publicly.
You can just search theinternet, put in some
information and pull up whateveryou need.
So things like that you canlook up.
And another cool way you can dothis is for those people?
Speaker 1 (19:34):
Is that on the free
version?
Speaker 2 (19:37):
First of all is that
free the live update for the
internet.
I believe it's on the free plan.
Don't quote me.
It might be on the paid plan,only the 20 bucks a month plan.
I think it is on.
For sure it might be on thefree plan.
The way OpenAI is going is theywant to give everything away to
(19:57):
all the users.
They just trickle down right,and so they start with the
highest up, of course, and theneventually everything trickles
down to everyone else.
But even on the free plan nowyou can use the most complex
chat GPT model, the mostadvanced chat GPT models.
Your use is limited, but youstill have access to do it, and
(20:18):
I think what chat GPT is doingin OpenAI the company.
Even if you go on their website, the first thing you see is
chat GPT.
You no longer have to create anaccount, so anyone anywhere
across the world can start usingchat GPT without even ever
having to put in an email, andso eventually I think it'll be
available to people on the freeplan, if it's not already.
(20:40):
But, as I said, they want togive it access to as many.
Because you have to think aboutit from open AI standpoint the
more people they have usingtheir stuff, the more data
they're getting, the more datathey're getting, then the faster
they can evolve ChatGPT.
And then the faster they evolveChatGPT, the better stuff they
can put out, so that then itbrings more people and then it's
(21:00):
a positive cycle just going,spiraling upwards.
And what AI?
I mean the person they're allracing towards this super
generative AI or whatever it'scalled the super AI and the kind
of this is where it kind ofgets a little scary and like a
little a little apocalyptic, Iguess you could say.
But like, the person who getsit first is is they win Cause
(21:25):
how do you ever catch up fromthat Right?
And so there's like a big racein the AI space to see who can
get it right first, because ifit's not one of our allies, well
then the future.
You know where that plays out.
I'm not sure how exciting happyyou end up being, but, as I
said, I don't want to get tooapocalyptic because that's not
(21:46):
anywhere anytime soon.
But sooner enough, within thenext five years, within the next
decade or so, ai will get to apoint where it's just like so
crazy good and we haven't eventalked about, like the highest
tier plan, the pro plan.
Tell me about that.
Speaker 1 (22:00):
Let's talk about it.
Speaker 2 (22:01):
The 200 bucks a month
plan.
Speaker 1 (22:03):
What does that do?
Speaker 2 (22:04):
But they've released
something called Operator right
and it's an autonomous agent.
So, like one of the examplesthey use right is they typed in
hey, look me up hotels in Iforget which county for spring
break.
And so they typed in that oneprompt ChadGBT, on its own, then
went, searched the internet,pulled from different hotels at
(22:26):
different price ranges and thenbooked the cheapest one, all on
behalf of the person Right.
And so like now, like as we'respeaking, that's already
available and has been availablefor a couple months now.
Speaker 1 (22:40):
How can a business
owner use that For $200 a month?
Give me an example how abusiness owner a solopreneur
maybe make it $4,000, $5,000,$6,000 or $10,000 a month.
They can afford the $200 amonth plan, but they can't
afford an employee per se.
And how can they use that $200a month plan with this
autonomous person to help themscale their business?
(23:01):
Help me with that.
Speaker 2 (23:03):
Put me a list of all
available properties in
so-and-so county and put it intoa table based off of address,
city, county, and then show theprices of the home and the
estimated value and you put inone prompt and then it'll go
scrape the internet for thatdata and then do it all for you.
(23:25):
Now you have a spreadsheetready for you for showing all
the properties available, theprice ranges and et cetera, et
cetera, whatever data you wantit to pull up, and so little
tasks like that that you wouldnormally have to go back and
forth for chat GPT is going tostart being able to do on one
command, on its own, and so,depending on what your business
(23:45):
tasks are like, some of therepetitive tasks that you do you
can just have one operator GPTset up and have it do that task
on its own, on its own, on itsown.
Speaker 1 (23:56):
And so can I give it
a prompt, like with that plan.
Yeah, find me all.
Pull up a list of allproperties finance commercial
real estate, properties financeunder a commercial loan in the
last five years that theirinterest rates are coming to be
(24:20):
reset and that have the highestprobability of them being sold
because their rents haven't keptup with where the interest
rates are going.
Give me that list with names ofowners of entities and phone
numbers, everything you can findon the internet or on public
(24:40):
records, and it will do that forme and give me that list
exactly the way I'm requesting,it All that stuff is public
record in whatever county.
So let's say Monroe County,Pennsylvania.
Speaker 2 (24:51):
Yeah, so great
question, I think, as of right
now, to be completelytransparent, I haven't dabbled
with the plan yet myself.
I've just read the articlesthat OpenAI has come out with.
I'm still on the $20 a monthplan because I feel like, for
the average everyday businessowner unless you're actually
getting to a point where you'recomparing AI models at a high,
(25:12):
high level is not necessary.
But to answer your questioneventually, yes, it will be able
to do so.
Yes, now, how soon?
I'm not 100% sure, buteventually, yeah, because it can
already do that on a $20 amonth plan.
Not as I mean, you have to kindof go back and forth with it a
little bit, right?
But on a $20 a month plan youcould do that easily, right?
You just have to kind of goback and forth with it a little
bit, right, but on the $20 monthplan you could do that easily.
(25:33):
You just have to have a coupleextra steps in between, like hey
, pull the data and then hey,can you format this as a table
and hey, can you make sure toinclude XYZ in the table.
So there's a little bit moresteps you have to kind of go
through to get that informationwill it skip trace them?
Speaker 1 (25:46):
will it skip trace
them, guys?
For those of you that don'tknow, skip tracing means it's a
great question.
Speaker 2 (25:57):
ChatGPT wouldn't
right per se, but this is where
it starts to get high levelright, because the companies
that are able to and more nimbleand have very specific use
cases, like all the skip tracingcompanies that you're probably
already using now.
The next step for them is tostart integrating AI so that AI
can streamline all the skiptracing and ai can
(26:18):
cross-reference data to seewhich data is actually accurate
or not, and so it can provideyou more accurate data at a very
, you know, a more affordablecost and do it more accurately,
right.
And so it's like the, the skiptracing companies in particular
because you got to think aboutit too like with open ai and
chat gpt, they're trying tocreate like a ai for everyone,
(26:39):
pretty much, and so like they'retrying to create like a AI for
everyone pretty much.
And so like they're trying tohave complete global mass appeal
.
So, like for task, like supertask, specific things like that.
That's where you have to startlooking into like, all right,
(26:59):
they probably won't be able todo it, but how can I create that
myself?
Or, I said, the next step forthese skip tracing companies, if
they're smart, it's to startintegrating AI in-house so that
I have that all streamlinedbecause they already have the
software to skip trace.
So now, when you add AI to themix, it's like adding gasoline
to a fire Wow.
Speaker 1 (27:14):
John, give us some
strategies for the regular
person, maybe the worker that'sgot a job and is wanting to go
become an entrepreneur.
How they can use AI to go intoentrepreneurship.
Speaker 2 (27:28):
Let's go with that
one Great question.
So a lot of people who arestill working and trying to get
into entrepreneurship.
A lot of these people, myselfincluded, when I first got into
entrepreneurship, we got shinyobject syndrome.
We got a lot of ideas.
We got a lot of people people,myself included when I first got
into entrepreneurship, we gotshiny object syndrome.
We got a lot of ideas.
We got a lot of people in ourear saying, oh, you know, we
could do this, we could startthis company, we could sell a
(27:49):
couple of these later and makesome money.
And so for the average everydayperson who is just trying to get
into entrepreneurship, thefirst step would be using
ChatGPT to pretty much likealmost soundboard your ideas.
And I want you to Hacks, chatyou too, specifically like, hey,
I want you to play devil'sadvocate.
I'm going to share with you acouple of my business ideas that
I want to start and I want youto, you know, show me where the
(28:10):
leaky you know the leaky bucketlike show me where the holes are
and like, have it play, likethat devil's advocate was like
oh hey, John, I see you want tostart, let's say, a landscaping
company.
But you live in Connecticut.
Connecticut's pretty cool, soin the wintertime it's still
winter right now, I mean, noone's asking for landscaping
services because all the grassis dead.
Do you really think you want tostart that business?
(28:31):
And ChatGPT will say it'll pokeout the holes?
Because in our head, lookinginto entrepreneurship, we only
see the upside right.
Most of us, In our head lookinginto entrepreneurship, we only
see the upside right.
Most of us, we see okay, we canbe our own boss, we can work on
our own schedule, we can makemoney on our own time and we can
make a whole lot of it.
And as you and I both know, man,there's some seasons of
entrepreneurship where it getsdark and money's not coming in
(28:51):
and you have to be reallyscrappy.
And if you can foresee that inadvance, you can also prepare
for it.
So when that time comes andyou're not running in with your
head pretty much cut off, and soI would ask ChatGPT, as I said,
type in.
Hey, I'm going to share withyou some business idea.
I want you to ask, as aconsultant, play devil's
advocate and when I sharebusiness ideas, I want you to
ask me questions so that I cansee where the potential holes or
(29:14):
flaws in my business are, andjust go back and forth and kind
of conversate.
And a cool way to do this sothat you're not typing your
hands off.
Chatgpt also has a voice feature, so if you're on ChatGPT app or
on the computer, you can justpretty much press the voice
feature and my phone wasn't dead, I'll show you but you can hop
(29:37):
on ChatGPT and you could talk toit as if it were a real person.
And if you want to make it, Iwas talking to it yesterday.
I'm Dominican, as you know, soI was like hey, chat GBT, um,
talk to me as if you are aDominican from and so I'm
talking to chat GBT in Spanish.
And I was like you know, I needmore flow, I need more, I need
more, more Dominican.
He was like you like and thisis Pat GBT talking to me right?
(30:01):
And so whether you speak.
You're an English, spanishspeaker, english isn't your
first language, doesn't matter.
You can hop on the phone withChad GBT and just ask it.
Hey, here are some of thebusiness ideas.
I want you to act as a businessconsultant and ask me questions
so I could see any potentialholes or flaws in my plan or the
ideas that I have.
Play devil's advocate and allright, boom.
(30:21):
So here's the first idea andjust talk to it.
Right, if you're going for adrive, let's say you're eating
dinner by yourself, let's sayyou just have some free time.
Hop on the phone, call and justsoundboard with ChatGPT.
Speaker 1 (30:33):
I freaking love this.
What if you're an entrepreneurlistening to this, an
entrepreneur listening to this?
Give us some strategies, giveus some juice.
How can I, as an entrepreneur,listening to you right now, to
(30:54):
John, how can I use ChatGPT togive me the edge on my
competition?
Give me something that I canuse to get the edge.
How does that listenerlistening right now get the edge
on that competition?
Maybe they sell insurance,maybe they sell real estate,
maybe they're a real estateinvestor, maybe they are, I
don't know.
They own a paint store, maybethey're just a contractor, they
own a general constructioncompany or they own a floor
(31:16):
company, I don't know.
But give me something where theaverage entrepreneur
salesperson can get an edge byusing chat GPT properly, because
most of us are not using it toits maximum potential.
I know I'm not.
That's why I love having youhere, because I love.
By the way, I'm asking formyself.
(31:39):
I know you remember thegodfather movie and where he?
Speaker 2 (31:45):
where he says, uh,
I'm gonna make him an offer he
can't refuse, or something likethat right uh-huh, and so I, for
any entrepreneurship that'salready kind of in business has
some things going for themselves.
It's how do you make an offerso good that people feel stupid
saying no?
And so a good, I guess, mentorthat I look up to is Alex Ramosi
.
You might be familiar with him,alex Ramosi.
(32:07):
He has a book called $100Million Offers, right, and it
talks about creating an offer sogood that people feel stupid.
No.
A lot of time we have, like,especially if we're in the
trades, you know, a lot ofpeople have so much people to
compare ourselves to.
I mentioned landscaping earlier.
Man, there's landscaping trucks.
Every street you turn down,there's a different landscaping
(32:29):
truck driving around.
This is like how do you competewhere your customers?
There's so many of themavailable and a lot of people
aren't competing on value,they're competing on price.
And I think Dan Kennedy I mightbe misquoting him, but I'm
pretty sure it was him that saidthat there is no strategic
advantage from being the secondcheapest price available in the
(32:50):
market, right?
If you're not the lowest price,there's no competitive
advantage from being the secondlowest right.
Speaker 1 (32:57):
Not at all.
That makes sense.
Yeah, that makes sense, yeah.
Speaker 2 (32:58):
Right, you can't
compete with walmart because its
prices are so low, right.
And so if you're the second,the only place to go is high,
and the beauty of it, there'sinfinite ceilings when the
higher up you go.
And so if you want to, ifyou're an entrepreneur, you want
to get that edge right.
I'd recommend reading that book.
Hundred million dollar offers.
Or if you want to do it thesmart way, then the savvy way,
(33:19):
you take that book, you downloadit as a PDF, right?
Or let's say you have anotherfavorite business mentor that
you look up to, whoever that is.
Or let's say I mean me and youare big into having mentors and
coaches.
Let's say it's your personalcoach, you, martin.
Let's say your coach hasmaterial out available on the
internet, right?
You can download that as a PDF.
Right, you can upload that intoChatGPT and then you can have
(33:44):
it analyze all that information,right?
Whether it's an ebook, whetherit's videos, whatever it may be,
you can upload all thatinformation into ChatGPT and
then have it guide you based offof those specific principles
and strategies that they teachin the sources that you're
uploading.
Then ChatGPT already knows you,martin, it already knows about
(34:07):
your business, it already knowswhat you do, it already is
personalized to you, so then, itcan give you personalized
responses based off theprinciples that you're already
doing.
And, as I said, if you implementand put in your personal mentor
, martin, into it now, it'salmost like you get an extension
of your mentor available 24-7.
And that's how you do it,because that's going to be the
(34:28):
easiest, most cost-efficient wayto really start using AI to get
that advantage over everyone.
Help you create that offer.
That's so good that people feelstupid saying no.
And I know you're in thecapital raising stage, but you
also have a community.
There's other real estateinvesting communities available.
What's different about yoursand I'm sure yours is amazing
(34:51):
and, honestly, if I was in realestate investing, I'd be in it
myself.
Mine is amazing that's for sure.
So when I get into real estateinvesting again, I'll definitely
be reaching out.
But it's like, well, forsomeone who doesn't know Martin,
for someone who doesn't know me, and you, right, they're just
on the street.
They see two different realestate investing community.
They see bigger pockets andthey see a Martin, the Elite
(35:13):
strategist right, be yourcopywriter or your business
consultant.
It'll help you get that uniqueoffer, that offer so good that
people feel stupid saying nothat offer, so that they can't
refuse.
Right, and that's where I wouldsay they can really help you
get that edge, because thedefinition I love to go by for
(35:34):
marketing right is marketing isthe act of meaningful
differentiation.
Right, marketing is the act ofmeaningful differentiation.
A lot of people are fighting ina red ocean with sharks and
trying to be the biggest shark,but you could just go to a blue
ocean and dominate and swim byyourself, and so like Blue ocean
strategy how do youmeaningfully differentiate?
And it's using AI, right, thatis how.
(35:56):
And that could also be aselling point.
Hey, are we at the elitestrategist community?
We're using you how to use AIdriven real estate investing
strategies?
That could be its own sellingpoint.
Right there, that's a brilliantselling point, right there.
Integrate that into yourbusiness, right?
(36:17):
Let's say you're a coach orconsultant, I'll help you.
You have access to my AIchatbot so you can say 24-7
support.
I'm in the coaching slash,consulting space, right?
So people in my community haveaccess to a chatbot where they
can reach out to.
Let's say, you are in thetrades, well, you're going to
have AI streamline your lead gen.
(36:37):
You can have AI streamline yourlead follow-up.
Help you come up with leadnurture campaigns, lead
follow-up campaigns.
You can have AI come up withautomations for that.
When someone schedules a timeon your calendar, let's say they
book a discovery call, there'sautomations to follow up with
that person so they're morelikely to show up to the call
prepared and value the time thatyou're on the call there.
(36:58):
And so it's a very, very widequestion because you can answer
it so many different ways,pretending I'm a different
business owner.
But if you're in any business ofany source and you really want
to use AI to get that edgemultiple ways, if you have a
mentor, upload their training,their principles, their
(37:19):
philosophy, whatever intoChatGPT and have it train you or
consult you based off of that.
The second way is just say thatyou have AI-driven whatever in
your company, because AI itselfis a buzzword.
Ai is sexy, ai grabs attention,it's a hook within itself.
So now you have an AI-drivencompany, you're leading an
(37:39):
innovation, right?
People will be like, oh, theyhave something different, not
something better, right?
Something different?
Blue ocean strategy right, wedon't want to swim in other
sharks, we want to swim in ourown ocean and dominate, right?
And then I guess the final wayfor any business owner to start
using AI and just like, if youhave an admin, train them on it,
(38:00):
because now you're going tosupercharge them.
And if you don't use AI as youradmin until you have the money
to afford one and VAs are prettyaffordable, so it won't be long
before you go from a chat GPTto an actual some sort of admin,
whether in person or virtually,and then make sure you train
them on AI, because then they'llbe able to handle so much more
(38:21):
and take more off your plate, sothat you can be in their zone
of genius and really just do theactivities that bring the
dollars in.
Speaker 1 (38:29):
Love it, man.
Thank you so much, John.
Like always, bro, always you'rebringing the value, you're
bringing the heat, man.
I so appreciate you coming ondown.
I took a ton of notes.
Follow John on IG.
He's always putting out greatcontent.
John, if folks wanted toconnect with you, find you I
know you got stopandstaremediaaiGo ahead and share where people
(38:55):
can find you, how they canconnect you, how they can get
all this wonderful informationthat you got, how they can
listen to your podcast, all thegood stuff.
Go ahead, Hit them up.
Speaker 2 (39:04):
I'll leave you with
this one-minute story.
Everyone knows Nokia phones.
Nokia was one of the largestcell phone companies back in the
day.
Eventually, smartphones startedcoming out.
People couldn't compete with itand eventually they ended up
getting bought out by Microsoft.
Now one of the former CEOs saidin his final speeches we didn't
do anything wrong and yetsomehow we still lost.
(39:26):
So if you're listening to this,I don't care if you've never
used AI before.
I don't care if you're justkind of dabbling with it.
Start using AI, becauseeventually, if you don't, you'll
become obsolete.
Not because AI is going toreplace you, but the people who
are are going to run laps aroundyou.
So if you want to start usingit again, check me out at
JohnMenzOfficial on all socialmedia platforms and I'll give
you the best AI tips and tricksto grow your business.
(39:46):
Help you work smarter, notharder.
Thank you, martin, foreverything.
Speaker 1 (39:49):
Thank you, brother,
appreciate you.