Full Book 08.08.2021
Full Book 08.08.2021
Full Book 08.08.2021
19 Cs of 2 Week Book
Content Formula
NFT
Strategies Tokenomics
Foreword
written by Jared T. Ross
I first met 19 Keys in Puerto Rico during a meditation and discipline exercise
near a beach there. From the moment I shook hands with him, I recognized
that the authenticity and presence he portrays online is very much the
same in-person. Even before meeting him personally, learning and studying
virtually with 19 Keys has been eye-opening since day one. He has been
instrumental in my growth and understanding in navigating the evolving
future the world is building as we speak.
He talks a lot about the importance of “keys” and how they are used to
unlock the minds of ourselves and the minds of others. From firsthand
experience, I can attest that 19 Keys has unlocked parts of my mind and
opened me up to possibilities I never recognized before.
If this is your first experience with 19 Keys, you are in for a real treat, but it
gets even better when you execute! His impeccable communication skills
are not just for show. As you’ll discover, Keys has hands-on experience with
everything he’s shared with you in this book and more. His years of study
and knowledge of self make him particularly well-suited to deliver this
information to his community, and it was an honor helping him put it all
together!
With Infinite Wealth Strategies you’re not just getting access to the
high-level observations of one of the world’s greatest thought leaders,
you’re also getting infinite value as you execute and apply what you learn.
Introduction
We live in a world that often convinces us that we all must live in scarcity.
When you become a high-level observer, however, you begin to realize that
we can make the choice to live in abundance and tap into the infinite
wealth all around us.
Aiding you in the process of tapping into this wealth is the purpose of The
Infinite Wealth Strategies course and this book. By the time you’ve gone
through this book, you will have a perspective and starting point to begin
navigating the world that is being built all around us.
First, we will break down my 19 C’s of Content that I implement into my own
online presence to capture the attention of my audience. This chapter is
vital to effectively marketing yourself and your products in the digital world.
Next, I will give you the step by step blueprint on how you can become a
published author in the span of just two weeks. While it might sound highly
improbable, I’m going to break down some strategies that will streamline
the process for you and earn you the powerful title of “author.”
Then I will introduce you to the world of NFTs that will put you in a position to
begin earning cryptocurrency instead of just buying it. We’ll cover both how
NFTs can be a storage place for wealth and how they can be leveraged as
an income stream.
For those willing to execute on these teachings, the chapters inside of this
book will all complement and reinforce each other. It will take a high level of
action for you to take full advantage of everything you are about to learn.
Ultimately, you are going to have to take the letter to Garcia throughout this
process as you will need to tailor and research what you learn about to be
perfected for your business and situation. To take the letter to Garcia is to
have the initiative to go out and apply what you want to learn and
accomplish in the real world.
Always be genuine in your efforts, make sure the passion you have for your
brand or product is coming from a positive place, it is heavily discouraged
to try influencing anyone into anything when you have malicious intentions.
1 Consultation
Consultations are one of the quickest ways of learning the pitfalls that can
occur when you are trying to raise awareness of your brand or product;
they allow you to avoid making mistakes, as you are able to utilise the
experience of others as your barometer to map out strengths, weaknesses,
and opportunities. Creating content can be daunting, but an easy way to
understand the challenges is by engaging with those who have done it
before using their knowledge as a safety net or foundation for assessing
what systems or structure you can put in place to help mature your brand
or product in the same manner of greatness they have.
Be willing to seek out help and consultation from the greats who came
before you. Finding people who are seasoned in the world of influencing
will truly help you navigate the unknown. There are plenty of influencers
who willingly offer their expertise and the biggest benefit is having access
to tried and tested industry standard information (or secrets) that consis-
tently help yield success.
Every sector and subsection of social media has industry standards that
work. If you meet the standard requirements then the entry process into
that position of influence is predetermined as successful and all you need
to do is be outstanding against this criteria. However if the industry is satu-
rated then you may meet resistance even using this knowledge! To fix this
you can learn these standards but cater to your audience with your own
unique style, but you need to understand the risk/ the extra effort that will
be needed to succeed when you deviate from the norm.
2CONTENT Vs Content
There is the content we produce and then there is the feeling of being
content (satisfied) with the content you produce.
Social Media, if used correctly, is the greatest tool that any business
owner or influencer can utilise. The various platforms that an
influencer has access to can help make their brand ever present in
the end consumer’s mind. Especially if the content created is
valuable! If the content we create is valuable, the audience will
hopefully commit to the rules of engagement, rewarding our efforts
through retention energy that is demonstrated in them following
our social media platforms, thus committing themselves to
influence.
Bottom line is, you must create a lot of high-quality and valuable
content!
Legacy Content
Make sure that the content you create is something you’d want to be in
your legacy...because it is! Your content will become your legacy and
set an expectation for future generations so be intentional and
proactive.
Don’t stop doing the thing that got you noticed in the first place! Our
content is like a building block, when one is placed down the other
comes right after, this works to build the home then when that is done
lay down more bricks to build a housing estate, then more bricks to
build a larger community etc.
Style
The style or refinement of the content you post could change depending
on what social platform you’ll be sharing on:
Twitter - content might be more informative and frequent but not perceived
as content overload
Formatting
How you curate the content on these various platforms can differ;
understanding how to format content for a specific platform and duration
requires knowledge of the different means of delivering content on that
platform:
It’s The list goes on, but the key here is that each platform demands it’s
own formatting and optimizing to perform well with your audience.
Repurposing Content
When you are able to create long form content that is 1 hour long etc.
knowing how to adapt this content is essential for maximum output.
Repurpose your content for optimal monetisation opportunities; knowing
how to carry your content across multiple platforms is the easiest way to
curate content. It only requires minor adapting so it can be applicable to
other social media settings easily and you will already have experience
marketing the content in a manner that will yield positive feedback.
This mutually beneficial interaction helps you greatly as you are able to
take the feedback and use it to showcase positive reviews of how others
are receptive to the content you create. The greatest benefit this provides
is it demonstrates trustworthy content; reviews help people feel at ease,
having a better sense of comfort when they too invest into the content you
create.
It demonstrates your true value when your branding efforts are reinforced
and recognised by those who are third party to your brand and not
immediately attached to the benefits, this really is incredible promotional
messaging that your audience is providing to other potential target
audiences.
For some people and brands, seeing other external stakeholders interact
with your brand can be the best way of validating whether buying into your
brand is worthwhile or not. Recognising that conscious and subconscious
reasoning influences your audience's ultimate desire to follow you, you
have to know how to cater to these variables that your target audience will
use when deciding if they want to engage in a long term relationship with
you and your content.
4CULTURE
Cultural themes seen within your content can be made easier through
understanding how to utilise cultural motifs especially when using them on
social media to influence audiences to follow your platforms.
Your branding across all your social networking platforms should embrace
the specific influencer culture that you want your audiences to tap into; this
will expose your audience to parallel experiences across your platforms.
People will be able to perceive the greater value added by being
intertwined with your online community.
For example, Nike has created sonic marketing with their “Just Do It.” slogan
that truly resonates with their brand and audience. This is helpful in their
content creation machine because they know they can seek out stories
and people who embody physically what their sonic marketing
communicates to their audiences.
If you are wanting to create content that embraces its own cultural
expectation the above areas are points to consider. If you are seeking to
engage with a social media culture that reflects the industry your personal
brand or products already exists in, you can explore the cultural motifs that
dominate your industry.
Reminder:
Always stay true to the tone of influence that suits your brand, if the
present way of doing things within an industry aren’t in line with your
values and beliefs then be innovative and don’t be afraid to take the path
that is less travelled. Having originality is important and it can help you
stand out if you are able to execute on your ideas well.
5Creativity
This is an important facet to always keep in mind when creating content –
it is one that most people forget in their index for social media success.
Most content creators neglect creativity when they are making content and
this is evident in how saturated the virtual world is with influencers who do
the same thing with very little deviation from the norm.
Actively wanting to be creative when making your content will help you
avoid being labelled with industry stereotypes by the consumer; you always
want to stand out among the rest but if your content is similar it can get
tedious for our audience tuning into the same content from different
influencers. Typically when there is no variation between content creators,
audiences will pick the best one and their attention span will dwindle
towards the one who they have labelled as less favourable. Your content
needs to be deeply satisfying evoking the correct range of emotions that
people seek to experience when they initially seek out content.
You always want to prolong the interaction with the content you create!
When your content is high value the audience will want to interact with it
longer; if you are able to work on having a unique selling point with your
content the relationship you have with your audience will be unmatched
and their loyalty to your content will be constant. If you can niche down
your content to meet a need or experience that other influencers can’t fulfil
this will make you a unique authority brand or business within that social
media space.
Find abstract ways to make content; abstract creativity can help maintain
engagement; this helps a lot especially if you are not highly skilled within
the area you are seeking to create content in, your uniqueness will be what
you can leverage on.
An example of how unconventional content can make you stand out and
gain favour are those gaming youtubers who make videos of themselves
playing a game badly but the humour that is found in the situation makes
people return as they are experiencing something different with the added
pleasure of guaranteed laughter.
6Caption
Don’t underestimate the power of your captions! Your captions should
act as a brief explanation that works in an inclusive manner with the
core content you have created.
Captions help control the perception, they fill in the blanks that short
form content may not allow for; they help you explain what the wider
discussion is, allowing for people to be informed when responding. This
is especially useful when discussing sensitive or complex topics as it
creates context for the content.
Captions can be used for any content you create; they are a must! They
can be appended to an article, illustration, cartoon, or poster etc. but
how the caption is crafted is crucial to successfully influencing people!
“Hey guys, I’m not sure about this makeup look, it is so different from my
usual style, let me know what you guys think, is it a hit or miss? I like it, but I
know you guys will always tell me the truth so I look forward to your feedback
in the comments section, I’ll read and respond to as many comments as
possible!”
As you craft your captions there is one more thing you should be conscious
of; semantic fields. Understanding how to create a nice semantic field for
people to quickly understand the nature of the post at first glance is highly
important!
If you were to do a current affairs post on Martin Luther King Jr day about
MLK, you would most likely mention words such as black history, civil rights
etc. These content specific words help people get a first glimpse of what
the content will be referring to.
When they have completed their first review of the content their secondary
review of the post will be more conscious, seeking to validate how
interesting that content actually is and what the real message is. It is
important to make sure atmospheric words have been used, such as great,
good, strong etc.; these help people during their secondary review confirm
the overall vibe of the post and which tone is it written in (praise or critique)
and they can repay your post if indeed the overall message is in line with
their own views with a like allowing them to quickly proceed with their other
social media interactions.
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8Connection
One of our basic desires as humans is to feel a connection to one another.
Many times people overlook this fact when working to expand their
influence online. You must make emotional connection with your audience
a priority as you develop as an influencer.
When big news stories are capturing the public's attention, this is a great
opportunity to connect emotionally with them. There is no need to conform
to the majority’s way of thinking; instead you can position yourself as a
thought leader by being truthful in your expression and conveying your
beliefs in a way that still allows people to connect with you even if they
have a different perspective.
If you are struggling to find people who can be in your team, collaborating
is the best option. You won’t have authority over their workload but you will
be able to rely on them to work with you, helping you as you fulfil your
promise to help them.
Depending on how in-depth your collaborative efforts will go you can set
up systems and strategies for your joint content collaborations; this allows
you to partner up with people who are already committed to creating
content thus they take it seriously and both of you benefit from this
affiliation.
If you really manage this collaboration process well, you can network
outward as a joint influencer platform, thus ensuring growth and new
opportunities for both individuals through your unified efforts.
Audience Hacking
Not only does collaboration help you network with others in your
community of influencers but you can audience hack and tap into the
other person’s core audience! Both of you as collaborators would then be
able to integrate your brands, exposing your content to each other’s fan
base.
If the collaboration is with someone who operates in a similar space to you,
you are essentially cloning your audience; anyone who would become a
direct follower of your content from these collaborations will be of like mind
etc. to the audience you already have making the process of influencing
easier, half the effort but more the reward.
Shared Authority
When two or more collaborators team up, the greatest opportunity you
both have is the ability to share authority on a particular topic; this allows
you to press upon your audience with the power of your joint majority
rather than speaking as a minority.
You can expand your reach and social voice, creating a solid association
with collaborators that other potential audiences already trust. In
collaborating with these people, your brand/ product or message will also
be viewed as trustworthy by association. Where you may have been less
successful in influencing your target audience you can now use your
collaborators talents and knowledge of his or her audience to propel your
content forward.
Always give credit to other influencers if you have used their work on your
platform, tag them and show appreciation by telling your followers to follow
that person’s content so that they get a boost on their platform and both of
you benefit from the content you have reposted.
10Consistency
Practicing consistency helps against inertia and aids us in maintaining
momentum.
Your ability to sustain exposure to your brand or product will allow for
familiarity; if you are able to regularly present your content to people it
highlights your commitment to your work. Consumers want to see you
invest in yourself through demonstrating your dedication to your platform.
Again, a helpful way to stay consistent is through scheduling and caching
your content.
11Competition
Most people feel they have to have a competitive mindset when promoting
their content, but this is not necessary. Uniqueness as illustrated in the section
on Creativity, and cross-promoting as mentioned in the Collaboration section,
is enough to make you flourish in the market space. The competitive spirit that
you can leverage on is more so gamifying your content creating a nice
environment for consumers to enjoy your content from a different stimulating
point.
Giveaways
Similar to contests, you can also run giveaways where you require your
audience to share or promote your content for a chance to win a prize. Since
people love getting free stuff, they’re likely to share and promote whatever
content you ask them to as long as the prize is relevant to them.
This is a great way to expose your content to your audiences’ friends and
network as it’s probable those people will also be interested in whatever you’re
giving away.
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13Creation
One of our basic desires as humans is to feel a connection to one another.
Many times people overlook this fact when working to expand their influence
online. You must make emotional connection with your audience a priority
as you develop as an influencer.
When big news stories are capturing the public's attention, this is a great
opportunity to connect emotionally with them. There is no need to conform
to the majority’s way of thinking; instead you can position yourself as a
thought leader by being truthful in your expression and conveying your
beliefs in a way that still allows people to connect with you even if they have
a different perspective.
14Cache
Preparation for a rainy day is critical! Learn content caching so you always
have content stored away to be shared in the future when needed.
When you are able to plan your content and have knowledge of the
frequency and consistency of your posts, you are in a better position to
improve your relationship with your audience and build an expectation for
them about when they can expect content from you.
Once you’ve built up a cache of content, it’s helpful to then schedule your
content ahead of time so that you don’t have to remember to post at all.
Some good services that allow you to schedule your posts ahead of time are
Sked Social, Hootsuite, and even Facebook/Instagram’s native content
scheduler called Creator Studio.
Many of those services will even give you data on what time is best to post
for your particular audience so take note of that and plan accordingly.
15Current
Being that social media is a global platform that many people use as a
search engine as much as they use it for socialisation/entertainment
purposes it has a lot of environmental noise that you as a content creator
will have to deal with. A lot of the time you can’t compete with this
environmental noise, as it can sometimes be globally dominating topics that
everyone is tapping into.
Guaranteed Interactions/Reactions
As these current affairs will already be present on the mind due to the
sensationalised nature of these global topics, it is likely that people have
already formed strong opinions regarding the topic. Any content that you
create addressing current affairs will likely result in high engagement and
interaction on your platform as people want an outlet to voice their
thoughts due to their overall interaction levels being high during these
times.
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17ConverSion
Studying behavioral economics would be a high-level strategy to learn how
to better convert your followers. Behavioral Economics is the study of human
behavior to explain economic decision-making.
This area of study can assist in gauging all of your conversion points inside
your social media system: post conversion, profile conversion, website
conversion, etc.
Post conversion can be looked at to see how many people are liking or
engaging with the post out of all those who actually viewed it. Profile
conversion is looking at how many profile visitors ended up taking a
valuable action like clicking on your website link, following, or DMing you.
Website conversions, of course, is measuring how many site visitors ended
up signing up or purchasing something from you.
All of these areas of interest can be improved by studying the human mind.
Remember human beings are smart, they won’t keep engaging with
something that doesn’t actually benefit them in the way they seek.
18Customer
The customer or consumer of your personal brand or product are a very
important stakeholder, within the social media sphere they are the epicentre
of all activity. In order to understand how the customer interacts with your
content you need to understand and map the journey of influencing people
from target audience to core consumer.
Target Audience
Your target audience consists of the individuals who have yet to buy into
your brand, these individuals are the people who all your content is initially
aimed at. The ultimate goal is successfully engaging/converting them to
become your core consumer audience; crossing this divide will allow you to
create that legacy brand or business through your influential content.
Although it may seem overwhelming to address all 19 C’s at the same time
inside your social media, you can segment them to focus on the areas that
are post pertinent. Once you’ve handled a particular segment, you can then
move on to the next and continue that process until you’ve mastered all 19
of them.
The traditionally tedious ways of writing and publishing books are no longer
a requirement to become an author. With the technology we have at our
disposal, we can now accelerate the entire process. Finding the concept,
outlining, drafting, editing, and publishing; it can all be done within a matter
of two weeks with the right intention, focus, and execution.
This chapter will break down the exact process you can adopt to publish
your book in a matter of weeks. And remember, the goal here is to be an
author, not to write the best book in the world so don’t overthink it!
Will you be one of those who take what you learn and execute?
.
Step 1
Concept Mapping & Brainstorming
The first step is, of course, to identify what it is you will be writing your book
about. Don’t get caught up on finding the perfect idea or some abstract
fictional storyline that you have to piece together (unless you already have
an idea you can run with quickly).
For instance, when I was writing one of my own books detailing my journey
of becoming a global thought leader, I was simply reflecting on the life
experiences and lessons I learned that allowed me to get to that point. In
my case, that journey started when I was a child so my book happened to
cover a large portion of my life, but that may be different for you.
Regardless of the concept you decide on, give yourself that hour and write
down on paper where you want to take the book and in what order you
want the chapters to flow.
Step 2
Record Your Brainstorm
Now that you have your concept outlined, you can begin writing, or in this
case speaking, your book into existence. This is a very straightforward
process so don’t overthink it. You’ll simply sit down in front of a recording
device and speak about the topics you brainstormed earlier.
Some people may find it more comfortable to complete this step by doing
a series of IG Lives (which is a good way to create some content along the
way as well), while others may prefer sitting in front of a camera, recording
voice memos on their phone or computer, or even talking with a friend (or
being interviewed) and recording the audio as you have a conversation.
Anyway you choose, just make sure you get it all recorded and
documented.
Step 3
Save & Organize Recordings
Once you’ve got your recordings created, you need to label and organize
them in the order you’d like your book written. This is a very important step
so that your transcriber will be able to turn these recordings into a written
version that is in the proper order.
You may want to consider using a service like Google Drive or Dropbox for
easy file sharing with your transcriber.
Step 4
Hire A Transcriber
Once you’ve spoken your book into existence and collected and organized
all your recordings, you can head over to a freelancing website like Fiverr
where you can hire someone to transcribe all of your recordings
word-for-word into a typed document. Expect this process to take 24-48
hours on average.
The transcriber will set their price and typically, no editing is involved
unless you pay a premium. I recommend going for an option without
editing because you’ll hire a person who specializes in editing in the next
step.
Step 5
Hire An Editor
Now that you have a written version of everything you spoke earlier, you
should reach out to an editor you know or go back to Fiverr to hire a
person to edit and optimize the transcribed text. Ideally, you should find
someone willing to do a 2-step editing process where they make their first
round of edits, send it back to you for feedback, and then complete an
additional round of edits based on that feedback.
If you aren’t happy with the length of your book so far, you can simply
increase your font size and/or add some graphics or images to
accompany the text.
While these edits are taking place, you should begin executing on the
remaining steps to be effective in the way you use your time and to make
sure you can hit your goal of publishing the book within 14 days.
Step 6
Hire Cover Designer
Once again, you can use Fiverr to find yourself a good cover designer to
create an eye-catching graphic for your book that conveys what it’s about
to the audience. While it’s important to remember that we’re not going for
perfection throughout this process, you should keep in mind that people
will absolutely judge a book by it’s cover.
Step 7
Book Additions
As your book is being edited and your cover designed, you can use your
time wisely by completing any additions to your book like an introduction,
foreword, conclusion, and reviews.
Don’t forget to write out a powerful conclusion to your book and, if it’s
relevant, include a call to action such as sending in a written or video
review of the book for you to use in marketing efforts.
These reviews can be incredibly powerful and you don’t have to wait until
the book is completely finished and published before you can start
collecting them. Try sending out a few free copies of the drafts to trusted
family and friends for reviews that you can use to help build anticipation
for the book before launch day.
Step 8
Publishing Your Book
At this point you should have your book finished, edited, and ready to
publish. You can use a platform I recommend called Apple Pages (formerly
IBooks/Apple Books) to turn your book into an e-book and offer it for sale.
Next you can create yourself a Shopify store where you will be able to
upload your book for sale. On your newly made shopify store, you need to
add a Shopify app called “Digital Downloads” that enables you to attach
files to your products.
Now, you can publish your product and store and once someone makes a
purchase, they’ll receive an automated email with access to the e-book
and you can start earning some income.
Bonus Keys
Physical Copies
Although we live in a digital world, there’s a certain value and nostalgia
people have when it comes to books and they often enjoy physical copies.
If you go this route, be sure to include your reviews in the back of your book
to build credibility and authority.
To get those physical copies, you can use a site called LuLu where you
upload the PDF and they will assist in formatting and optimizing it for print.
QR Codes
This is a high-level strategy to integrate some more interactivity and
increase engagement with your book. Think about how more and more
restaurants nowadays have scannable QR codes that allow people to
access their menu.
Much in the same way, you can integrate QR codes into physical copies (or
digital) of your book to deliver extra value in the form of exclusive content.
For example, in one of my upcoming books I plan on providing readers
access to a documentary that they can only watch if they scan the QR
code inside the book.
If you don’t have any exclusive content to provide, you can instead provide
a video or audio file that helps provide additional context or information
regarding a certain topic of your book. Imagine embedding a podcast
series inside a series of books you write and publish where the only way
people can listen to the podcast is by purchasing your book.
You can use a website like QR Code Generator to create yourself some QR
codes that you can include in your book. Another high-level strategy with
QR codes is utilizing what are called “dynamic QR Codes.” These QR codes
can be updated and even include multiple links that you can toggle on and
off at different times when needed.
Podcasting
Having a podcast is a very powerful way to build authority in your space of
expertise and opens you up to sponsorship opportunities. The play here is
to repurpose the content you wrote in your book and turn it into a podcast
around a small niche. With straightforward podcasting apps like Anchor,
anyone can create a podcast today. A bonus feature of Anchor is that they
will sometimes help connect you with sponsors even if you don’t have a
very large audience yet.
Once you’ve successfully secured a sponsor, you’ve now turned your book
content into two different streams of revenue!
If you ever participated in trading cards or games like Pokemon Go, then you
already understand one element of the NFT economy and what gives them
their value; rarity. While this is particularly relevant for the world of art NFTs,
any business or practice can be integrated into the NFT marketplace.
To get started in the NFT space you first need to set up your wallet on your
browser and phone. There are a couple of options but I recommend using
Metamask. Once you’ve set up your Metamask wallet, you need to fund it
with some Ethereum to cover your gas fee for minting your NFTs. Gas fees
vary by day and by usage of the Ethereum blockchain, but a good amount
of Ethereum to start with is $30-$50 just to cover gas fees for the multiple
NFTs you’ll create.
After that you can move forward by choosing which platform you want to
sell your NFTs on. There are a handful of NFT marketplaces that will enable
you to mint and list your NFT for sale to the world. The reality is, there are not
right or wrong platforms to list your NFT on. I personally recommend Rarible,
but there are plenty of others like Mintable, Open Sea, Foundation, and more.
It’s a matter of personal choice, but if you’re unsure about where to start,
don’t get hung up on choosing and just move forward with Rarible.
The Future Value of NFTS
As NFTs become more widely adopted and understood, they also become
more valuable to the market. Like trading cards, certain NFTs will grow ex-
ponentially in value and rarity depending on the market and the project
the NFTs are a part of. Unlike trading cards, however, NFTs allow you to add
a ton of extra value aside from just proving ownership over the digital
assets.
Understand that it’s never guaranteed that an NFT you own will appreciate,
but as you become more experienced in the space, your discernment will
help you identify projects that are more likely to have value in the future.
In fact, you can treat the NFT space much like physical real estate. You can
buy plots of virtual land as NFTs within worlds like Decentraland, Cryptovox-
els, or Somnium that you can build and develop on and sell for a profit
later on. Don’t think that just because these spaces are virtual they’ll be
less valuable. Virtual pieces of land have already been sold for millions of
dollars worth of Ethereum. There are even people integrating real-world
real estate into the world of NFTs by signing over land rights as NFTs.
Take notes from big-name celebrities like Jay-Z who are actively pursuing
NFTs as a vehicle of wealth storage for them and their families.
The first NFT billionaire has yet to be created, but we are in the times that
the seeds will be planted. It’ll be up to your discernment and creativity to
ensure you’re in a position to capitalize on the appreciating value of the
overall NFT market!
Strategies
Early Understanding vs Early Investing
The ones who have remained at the top of the cryptocurrency game were
not necessarily those who were the first to invest, but rather those who
were the first to truly understand the space. The same will be true of the NFT
space. Right now we’re experiencing a lot of hype where all these
celebrities are going after NFTs without truly understanding the space and
establishing themselves as authorities within it.
So while they may be the first to invest in the world of NFTs, you and I can
focus on garnering a thorough understanding of NFTs so we can move the
industry forward with longevity while we simultaneously are investing in it.
Creating An NFT
The creation process is very straightforward using NFT marketplaces like
Rarible, Opensea, or Mintable. You’ll need to have a crypto wallet already
set up so you can connect it to these sites. A very user-friendly and popular
wallet option for NFTs is MetaMask, which has a Google Chrome and Brave
Browser extension.
Once you’ve set up your wallet and connected it to the site, you can simply
find the “create” button and follow the easy steps on publishing your NFT to
the world.
Unlockable Content
The NFT itself is typically as simple as a png, gif, mp4, or mp3 file that
represents the product or service that is stored inside the owner’s wallet.
But what if you want to sweeten the deal and add bonuses for people who
purchase your NFT? That’s where the unlockable content comes into play.
During the creation process, you’ll see an option to include unlockable
content that only NFT owners are able to see. Inside that section, you can
place discount codes for your site, an email address with instructions on
how to contact you for their bonuses, a website link, or any other
text-based instructions to help them access their bonuses.
For example, if you wanted to sell an ebook as NFT, you would upload the
cover of the e-book as the actual NFT, but in the unlockable content you
might put a link to download the PDF of the e-book.
Building Hype
Your NFT launch should not be spontaneous and unexpected. Rather, you
need to have a build-up to the big day that gets people excited about
being one of the first to get their NFT from you. Think of how excited people
are to purchase a pair of Yeezys! That’s the type of energy and hype you
should aim to create around your NFT projects so that people begin to feel
FOMO (Fear of Missing Out).
If you have the funds, you can consider paying for post promotions on
relevant Instagram influencer’s accounts or getting some articles
published.
This is exactly why I’ve also included the 19 C’s of Content inside this book
as well, it all ties in together to help you tap into the Infinite Wealth all
around us. You can use those C’s to help build yourself an engaged
community for your NFTs.
While you can do this on platforms like Instagram, Facebook, and Twitter,
you could take it up a level by creating a text list using a service like
Community or even creating a Discord group where you and your
audience can converse collectively.
Gifting NFTs
A high-level strategy you can utilize with your own NFT projects is gifting
them to high-profile people. For example, I might create 2 copies of an NFT
and if I was able to get in touch with Beyonce and she allowed me to gift
her one of the NFTs by sending it to her wallet, I could then market my NFT
as only having one of two available and Beyonce owns the other one.
Marketing
All of the above strategies play a role in your overall marketing of your NFT.
Going through the creation, or minting, process is actually the easy part of
NFTs, the challenge is communicating its value and marketing it well
enough to make sales consistently.
We focused on a lot of digital strategies for your NFT, but you should always
be willing to go out in the real world and actively talk about and promote
your NFT to people who are interested in the space. It’s up to you to create
demand for your product or service.
Once you’ve built your NFT on a strong foundation of value, you’ll need to
utilize the strategies throughout not only this chapter, but the entire book in
order to effectively earn cryptocurrency through NFT sales.
Conclusion
The reason why being educated in the world of NFTs is valuable is because it
positions us to be able to start earning crypto instead of buying it. When
was the last time you went out and bought some USD? Yet we talk so much
about buying cryptocurrency, which is also a form of currency. We need to
focus our attention on accumulating crypto and blockchain assets by
earning them and NFT sales are one way we can do that.
After reading this book, you should take action by minting your own NFT on a
platform like Rarible or Opensea so that you can familiarize yourself with the
process and be better prepared to take advantage as the space innovates.
Chapter 4
Tokenomics
Introduction
If you cannot list the reasons why you think a particular cryptocurrency
project is “good” or you cannot specify key information such as how many
wallet holders exist, etc. then you should not jump in. Do not allow yourself to
be simply controlled by the environment and information that’s present or
trending in discord or telegram groups. Inexperienced investors will
immediately react to coin hype without researching and will ultimately lose
out.
We know from B.F. Skinner’s work, that every behavior is acted out in relation
to either reward or punishment. Most people have a set of behaviors that
they are controlled by that was instilled in them as children. This is also why
most people have a hard time controlling their behavior, but as we become
high-level observers, we can better understand ourselves and control the
world around us. This awareness will be a key both in your personal
development and as we begin to look at what makes a crypto project have
good tokenomics.
Depending on who you ask, you’re likely to get a different definition of what
exactly tokenomics means. For our purposes, we can understand it as the
study of the micro-economy that a cryptocurrency is able to create
amongst it’s users and platforms. A coin with good tokenomics will
incentivize people to buy, hold, and exercise it’s utility.
Failure to study a coin's tokenomics before investing will put you at a major
disadvantage as you enter the space of cryptocurrency; while having a
good understanding of it will empower you as a thought-leader and
strategist in the space.
Examples
Now that you have a general comprehension of tokenomics, I want to
showcase a few concrete examples of what good and bad tokenomics
may look like as you investigate and research the plethora of coins being
created everyday. If you come across an example that is foreign to you,
read it over a few times and understand that you may not fully innerstand
it until you’ve encountered it for yourself as you practice what you’ve
learned by investing in these new coins.
Keep in mind that just because a coin has one or two examples of good
tokenomics, does not mean the coin overall practices good tokenomics.
It’s vital that you take into account the entirety of the project and read
through the whitepaper thoroughly.
Bot Prevention
People have created automated bots that can and will disrupt the launch
of new coins with their buying and selling speed. These bots can
compromise the integrity of a coin’s launch and leave a bad taste in the
mouth of early supporters.
For instance, a coin might set the max purchase limit for their new coin to
be 0.25 ETH for the first few hours because the bots won’t know what the
limit is so they’ll be unable to execute their trades if they go above that.
Staking
Another element of good tokenomics is a staking function within the
structure of the cryptocurrency. Staking allows holders to pledge or “stake”
some or all of the coins they have for a certain period of time. While
staking prevents the owner from selling off the amount of coins staked, the
benefit and incentive to those who participate is that they can earn
interest during the staking period. This means holders can accumulate
(earn) more cryptocurrency without purchasing it with another currency.
Tax Distribution
Some coins will charge a transaction fee, often referred to as a tax,
whenever the coin is sold or transferred. A good tokenomics practice is
when some or all of that tax is redistributed to existing holders.
What this means is that as you hold onto the coins you own, whenever
someone else sells, a percentage of that sale will be sent to your wallet!
This is another way to incentivize people to buy and hold the coin because
they can accumulate more for free.
Token Burns
As we know, scarcity is a useful strategy to increase the value of a currency.
To capitalize on this reality, many developers will integrate a “token burn”
feature into their tokenomics strategy to once again encourage people to
buy and hold the coin.
Air Drops
A common launch strategy is air dropping coins directly to early adopters’
wallets completely for free. The process typically consists of signing up for
the pre-launch airdrop on the developer’s website and waiting for the coins
to deposit.
CHECKLIST
J A R E D T. R O S S
You and I are no longer buying crypto, we are investing. This
means we need to do our due diligence. Stop treating crypto like
a lottery ticket. Today, we will start making informed investment
decisions.
This guide is for alt coins, not coins like BTC or ETH. This list is not
the law, but it is a reference guide to help you evaluate coins you
are uncertain about. There will always be exceptions.
I encourage you to find a coin or two that has a lot of hype
around it and evaluate them based on this guide. Once you
have made your determination, wait a few months and see how
your prediction has played out.
Many elements I will go over can be evaluated and reviewed
simply by reviewing a coin’s Whitepaper, so do not skip out on
those reports.
Now let’s get into it!
A holding period is the amount of time an investment is held by
us investors. Choosing a holding period is important because it
can be used as a benchmark to monitor the performance of
your investment. Depending on who you ask, you will get
different timelines for short, medium and long term holding
periods. When I speak on it, you can typically understand it as:
Short Term
3-6
months
6-12
months
+1
years
Are there loyal fans and holders? You can check for holders on Etherscan (for eth based coins)
Are there any people whose knowledge I trust that promote the coin?
Does the community help each other or hold their own events for the coin?
Do knowledgeable people/experts I trust promote the coin?
Do they have a Telegram, Twitter, or Reddit presence?
Perhaps the most important
aspect of a coin worth
investing in long-term is its
utility. When you evaluate a
An example of a coin
coin's utility you are
with a high degree of
determining if the coin is
utility is Polkadot
actually designed to do
(DOT). Spend a few
something in particular.
minutes on their website
and you'll see them going
If the coin was created solely
above and beyond by
for the sake of creating a coin
building not just a token,
or being funny, it's a good sign
but a platform and system
that the coin is not worth your
designed to accelerate and
investment or at the very best
improve the world of
a short-term investment.
cryptocurrency and DeFi
that highlights their
commitment to true utility.
The next step in that commitment is executing on what you have learned here.
Some of this material can be very dense and appear complicated for those
unfamiliar with it, but as you continue to read and study, the content will make
more and more sense gradually.
It’s up to you to take that letter to Garcia and further your education through
research, but more importantly, through execution and application. The best
way you can do that is by joining the Infinite Wealth Strategies course where
we are constantly going over this content with our exclusive Discord group and
weekly classes available.