Right About Now with Ryan Alford - Mike Sancho - Real Estate Investor, Marketer, CEO, and Professional Trader

Episode Date: March 22, 2022

Welcome to another episode of The Radcast! In this week’s episode, host Ryan Alford talks to Mike Sancho, Professional Trader, Real Estate Investor, Serial Entrepreneur and CEO & Founder.Mike shares his journey as a network marketer, motivations that led him to pursue this path and the biggest challenges encountered throughout his career.He explains how his business, Wealth Accelerators, helps shape people’s lives, and also discusses how its services work. Mike also reveals the current economic state of the industries that Wealth Accelerators is involved with (E-commerce, Logistics/Transportation, Content/Media and Real Estate). He talks about the financial technologies that he works with, such as Cryptocurrency projects, Forex, Artificial intelligence and more…To learn more about Mike Sancho, follow him on Instagram: @themikesancho, Linkedin: https://www.linkedin.com/in/michael-sancho-2a82b8138/ YouTube: https://www.youtube.com/c/MikeSancho/about and his Facebook page: https://www.facebook.com/ForexWithMike/If you enjoyed this episode of The Radcast, let us know by visiting our website www.theradcast.com. Check out www.theradicalformula.com. Like, Share and Subscribe to our YouTube account https://bit.ly/3iHGk44 or leave us a review on Apple Podcast. Be sure to keep up with all that’s radical from @ryanalford @radical_results @the.rad.cast  If you enjoyed this episode and want to learn more, join Ryan’s newsletter https://ryanalford.com/newsletter/ to get Ferrari level advice daily for FREE.  Learn how to build a 7 figure business from your personal brand by signing up for a FREE introduction to personal branding https://ryanalford.com/personalbranding.  Learn more by visiting our website at www.ryanisright.comSubscribe to our YouTube channel  www.youtube.com/@RightAboutNowwithRyanAlford. 

to when I was a child. I think the entrepreneur vein is just something I was born with. 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 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. They take their business skills to a different kind of industry, but that ended up getting me in a little bit of trouble and I ended up getting kicked out of high school because of it. I'm that guy that, you know, got expelled from high school and got expelled from college. So I had a.71 my first semester at Clemson. Is that even possible? I think you were majoring in parties and girls. Majoring in boobs and beer.

Hey, boobs, boobs, and beer. The hottest part of that meeting is starting again. You're listening to the Radcast. If it's radical, we cover it. Here's your host, Ryan Alford. Hey, guys. What's up? Welcome to the latest edition of the Radcast.

We're talking sales today. We're talking marketing. We're talking trading. We're talking Mike Sancho. What's up, brother? What's up, man? Happy to be here. Hey, man. Excited to have you. Glad my people and your people were talking. Yeah, yeah. Setting it up.

CEO of Wealth Accelerators. Real estate investor. Badass mofo. That's me. That's me. No, man. I'm glad to have you here. Excited to have you in the studio, too. With COVID freeing up a little bit, I'm just glad we're getting more people back in the studio. It's been like too many remotes. Right, right. Back to biz. Glad you're here.

So 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. I know we're going to get into it. Let's talk your background, though, Mike. Let's give everybody that's listening a little of the background that I know you're going to drop some knowledge

and things like that. But let's talk about the highs, the lows, and everything else. Yeah, definitely some lows. Hey, man. knowledge and things like that but let's uh let's talk about uh you know the highs the lows yeah everything else definitely some lows hey man you ain't losing sometimes you ain't learning yeah yeah right so um okay yeah no so i'll bring you all the way back um you know to when i was a child i think uh the the entrepreneur vein is just something i was born with um you know i'd be like eight years old watching the infomercial, you know, I'd be like eight years old watching the infomercials, you know, all those commercials, but wait, there's more. And,

you know, they're selling the products on TV. And, uh, you know, I would, 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? Right. So I was like, you know, trying to get patents with my mom's help at eight years old, not many kids doing that. Um, so I had it early on. Right. And, um, you know, trying to get patents with my mom's help at eight years old, not many kids doing that. So I had it early on, right. And, you know, from there, 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. You know, it's a common theme, I guess, in entrepreneurs, you know, a lot of people, they take their business skills to a different kind of industry. But that ended up getting me in a little bit of trouble. And I

ended up getting kicked out of high school because of it. And, you know, found my way into college after that, and didn't learn my lesson the first time, kept repeating it. So I got kicked out of college. So yeah, I'm that guy who got expelled from my entrepreneur yeah no i was in college and i if you know every friend i knew was either smoking or selling it or who knows what hey you had to make money somehow you know uh but i can relate to that entrepreneur gene i like yeah yeah so uh i'm that guy that you know got expelled from high school and got expelled from college so you know as you can imagine my family was wicked proud of me at that time yeah hey i had a 0.71 my first semester at clemson is that even possible uh you know 0.0 minus that's at f minus so uh you know

my ass got yanked home first semester uh it didn't go well so i can relate to uh to making the family proud i think you were majoring in in parties and girls yeah that was a class that was i think that was the exact line i used on a podcast once i was majoring in boobs and hey uh boobs boobs and beer hey yeah hey you got to go pro in something you know i know i think i was a pro so yeah so you finally learned your lesson yeah yeah i learned in something, you know. I know. I think I was a pro. So, yeah. So, you finally learned your lesson, I think. Yeah, yeah. I learned my lesson, you know, when I got kicked out of college. You know, I got arrested and they took me down to jailhouse.

And, you know, I spent a few weeks in there. And, you know, I came pretty close to some more serious charges and actually doing some prison time. And, you know, that's when I really made that decision in my life when I was in that jail cell, you know, all alone. And, you know, I just made that line in the sand decision of, you know, I'm going to flip the script and people are going to be surprised. They're going to see, you know, what happens from here. Pretty much made a promise to myself that I'm going to just outwork everybody and I'm going to go all in all the time and I'm going to do whatever it takes to be successful and I'm going

to do it legally. And from there, you know, I got out and I actually went to Charleston, South Carolina when I got out of jail and I was living with my parents and, you know, I had no money. I was in debt, probably $100,000 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. But your whole life was in front of you. Exactly, exactly.

But you didn't realize this at the time, I'm sure. You probably felt like, you know, life's over. No, I was motivated. I was fired up, actually. That's good. I was fired up. Most people get in those holes, though, and I think that's what i want people to hear that yeah because we have varying age groups that listen to our podcast but people need to hear

that kind of reflection of like knowing what was ahead of you yeah like you were just barely getting started even if it started a little bad started a little rocky a little rocky yeah yeah i love it all right i think um you know when when your back's against the wall and you're at rock bottom you know for me um it was purifying right um you know i just felt free and i was able to just clear out all the bullshit in my life and you know it's a fresh start it's a clean slate so i went down the main strip, King Street in Charleston, and I applied at every single restaurant, shop, whatever. I took the first two jobs that I could get.

One was at Subway for $7.50 an hour. The other one was at a restaurant called 82 Queen washing dishes. I started working two jobs like a madman. The crazy thing is, like I told you, you know, I decided to outwork everybody, right? And that's in everything. Because I said, you know, how you do anything is how you do everything. So I came in a subway. And, you know, 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 clock clocked in and you're talking subway. So I know you can imagine the work ethic that comes

with that for a lot of the people there. And, you know, 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. And then within another two months, they made me the general manager of five locations because I just outworked everybody. And this is the ethic that, you know, I've kept with me for the past almost eight years now since that point. And I just kept it booming. And so, you know, I was grinding my ass off and I took that into everything. And 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, you name it, course after course after course. There was no break. I shut the TV off. I just went all in.

And then at that point, I tried to quit my jobs to go full time into entrepreneurship, uh, which was also a rocky road. Um, the first thing I was doing was, uh, real estate investing. So I was doing wholesaling. So I started flipping properties, um, 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. And I repeated that cycle for four times before I finally got fully free. What was I hear that story a lot, especially and I see it a lot, especially kind of in this realm of you take a course, you learn something. There's a lot of course junkies out there, and they learn things,

but they can't translate it to not necessarily action because you're a motivated guy, but they don't translate it to success. I don't know if you figured out why that is. Well, I think't know what, have you figured out why that is? Well, I think it's part about, you know, figuring out what you want to do and where you want to fall in line with. Because, you know, for me, you know, the goal with taking the courses was never, you know, I'm going to take this one course. It's the end all be all. This is the business I'm going to do. For me, it was like, I just want to learn everything that I possibly can about business, every skill set I can learn. Because there is value in a lot of

these courses, there's little golden nuggets. And, you know, even if I learned just that one nugget from that whole course, it was worth, you know, the couple grand that I put into it. And then, yeah, you know, you just got to get out there and start swinging. And, you know, And then, yeah, you know, you just got to get out there and start swinging. And, you know, I believe that, you know, nothing is really a loss or a failure. Really, it's just a lesson. And, you know, you just keep barreling forward. But for me, I was just so anxious to get out of there because I hated Subway so bad that I kept jumping.

I kept making that jump prematurely to get out. And then, like, after Subway, you know, same thing. I went to work at Lowe's, serving at an Italian restaurant. I worked at an arcade. All different types of crap jobs that I hated. I will say this. I think every person should have to wash dishes at some point. I think so. I washed dishes when I was...

It was my first job. I was 15. And it was a meat and three place. Yeah. And I would have to scrub the macaroni dishes like builds care that builds some grit let me tell you it builds grit on your fingers and then in your mind yeah i was like i could do anything if i could watch it because they stack up you know like you know i'm tall dude but if you're taller than me i'm like oh god looking at that

mound of dishes but but i do think everybody's have to wash dishes i think you're right people laugh at me because i'd be there washing the dishes scrubbing the shit out of them like yeah i'd be a millionaire they're like okay dude yeah yeah yeah hey look at you now yeah so when did uh when did the first what was like you had the trial the start and stop start and stop yeah what was the first uh if you call it a single, a double, a triple, what was it? What was the first one that kind of hit? The first, yeah, the first, yeah, like double, triple or home run that I kind of hit was in network marketing. Because I've been in that industry since 19. I got introduced to it at a young age.

And that's kind of sparked the mindset for me of business. of business because it opened up a whole new world to me where, you know, 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 like, okay, selling weed to, oh, I can become a real businessman. And like, it's like the same thing, but just one's legal. One, you don't go to jail. One, everyone applauds you, right? Some of the same skill sets, though. Yeah, it's a lot of the same skill sets, which is incredible. But yeah, so it took me a good six, seven years in that industry before I broke through. And I hit my first six-figure income.

So I started doing $25K a month in residual income in a company. But the funny part is, four months after that happened, that company, the owners started fighting, broke up, company crashed. And 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. Owners 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. So, you know, I'm hopeful they'll stick around. But during this, 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,

you're live or die on someone else's business. And that's a dangerous situation to have that as like your only income stream. So 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. Okay, that's cool. And I had Alex Morton on a few weeks ago. Yes, yes. And big into network marketing. There's a stigma with network marketing.

Yeah, yeah, there is. There definitely is. And I've never, look, I'm kind of one of those that I never hate on anybody's game. Right. It's like, look, there's people smarter than me figuring things out, making a lot of money, doing a lot of things. Yeah, yeah. But I've always been like I don't I never really understood the stigma but it was there I mean what do you think that's about I

think that I'll tell you what it is right now it's that network marketing was it's a business built for average people okay so when you have a business that's built for average people what are 97% of them gonna do zero they're gonna do nothing and then they're gonna do nothing. And then they're gonna turn around, they're gonna bash the industry, and they're gonna point the finger because they have no self-accountability.

And that's really where that stigma is, and then that whole, the pyramid scheme thing comes from. All network marketing is a business. You're just a, you know, you're a sales rep for a business. They give you the whole infrastructure, they give you the product, back office everything all you got to do is go out and build a team of sales leaders um and that's all it is you're building sales teams all i ever saw was a commission structure yeah like everyone puts a stigma on it i'm like and i'd read about it and i mean i understand it now i've had guests that talk about it. I have it personally. I've been in advertising marketing my whole career.

But, you know, this is just a sales structure. That's all it is. That's all it is. It's the same thing as like the insurance industry or like the real estate industry with the real estate brokerages because, you know, they earn overrides off their agents. It's the same concept, you know. What's the formula that makes someone successful in network marketing you have to you have to be relentless um you know you just you gotta go you gotta get up every day you gotta 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 like 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 going to go do it. This is my year. Boom, boom, boom. They go talk to all their friends and family who are, you know, broke and don't have the mindset for it. They're like, dude, you're stupid. You're getting scammed. You're an idiot. And slowly that, that, uh, tenacity starts to fade. So you really have to, uh, have a strong internal beliefs and motivation system. And then, uh, you gotta, you gotta learn, you gotta practice your

skills. Like a lot of people don't, um, build on their, their value, their skills. Cause you know, you're getting paid on, on the value you bring to the marketplace, which is what, you know, Jim Rohn would always say, one of my favorite mentors. And, um, you know, a lot of people don't sharpen the toolbox, man. I'll be on YouTube all day watching, you know, learning sales skills, man. I'll be on YouTube all day watching, you know, learning sales skills, recruiting, negotiation, marketing. And then, you know, 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, because 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. So 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 my first course i teach uh i'm doing a mastermind now called the radical formula the first thing i teach is compounding interest that's it and the only way that i've never heard it phrased that

way i like the the going up but the halo it's the halo if everyone has a halo yeah you know and it's it's not always about the followers on instagram it's about that circle of influence right you're right and 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 down let me see if i can get you know these 17 people that may not be like mine i might not have any following or any influence go up go. Go up. Yeah, go straight to the top, man. Straight to the top. I mean, all the worst I can say is no. Exactly.

And a lot of people have the fear, you know, the fear factor, the fear of rejection. I do think what it sounds like to me, like that secret formula, the people that do good at network marketing are really entrepreneurs. You have to be. They just might be doing it for someone else sort of at first. Yeah. But they're probably in their early phases of becoming. You have to be. They're going else sort of at first, but they're probably in their early phases of becoming, they're going to own their own thing one day.

It's like the people who are successful in real estate, right? Because you're going to go sign up with a brokerage. They're going to give you all the tools you need to be successful. But if you're really going to build it and win, you got to be an entrepreneur at heart. I love it. I love it. Let's talk about Wealth Accelerators.

That's the latest stuff. What is it and how are you helping people? What's the nuts and bolts? Wealth Accelerators is a community. We're an ecosystem for wealth creation, wealth building, wealth compounding. And we provide people with a variety of passive income streams through automated businesses. So essentially what we do is we do a lot of the heavy lifting for our clients and our partners on our businesses. So we're the operations team, right? So basically people are teaming up with us and they're the financial partners,

we're the operations partner. So what that provides for our partners is a hands-off passive income experience. So 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. Unless you're in Canada. Been around for a long time. Unless you're in Canada, they're mad.

I respect the hell out of them, but they're mad. I'd be pissed off, too, if I lived in Canada right now. I can't imagine. Eh? Yeah, eh? Yeah. Get off my lawn, eh? Yeah. Yeah. Yeah. You know, so, you know, the logistics in freight business, trucking, you know, it's the backbone of the economy if you really think about it. Nothing really works without trucking. And, you know, so we've been in this space for the past couple of years, we started building a pilot program and running some trucks out of Chicago. That's where our trucking headquarters is. And, uh, we opened up the service a few months

ago. Pretty much what we do is, you know, we sell these packages right now that we sell them for 75 grand. We do a 50,50 split on the profit. So what that does is we take that capital. It's like the 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, you know, and then we're going to put the truck on the road and broker the freight for them. So we're teaming up, right? We're teaming up with the clients. They're helping us scale a fleet faster and we're helping them gain passive income. So it's a team business. It's a win-win for everybody all around. And it's a really unique model. And we also do this in a

couple other industries right now. We do this in Amazon with FBA. So we do wholesale distribution. We do Facebook shops, that's drop shipping. We also do YouTube automation. So we do wholesale distribution. We do Facebook shops, that's drop shipping. We also do YouTube automation. So we build these YouTube channels for clients. Right now we're building the YouTube Shorts channels, which are really popular on YouTube. 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 we're going in there meta automation yeah yeah yeah so uh we have an entire city in the metaverse uh that we we've teamed up with a a project called euphoria and

we're selling properties in the metaverse and its entire interactive universe, which you can immerse yourself in. If you imagine like a Grand Theft Auto city, but 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 uh also building out a meta mall so you can actually go and shop within uh the metaverse so uh really exciting stuff all right there's a lot to unpack there and i'm gonna and i'm i'm gonna figure you'd be excited on this one

i am well i want to come back to nfts and metaverse and all that i got some questions for you yeah but i do want to go back to Amazon. Yeah, yeah, sure. Talk to me about, because no one, I know there's so many DM automations. No one gets as many DMs as I do about setting up Amazon stores. Bullshit, don't respond to them.

Believe me, I don't, I haven't. But I want to know exactly what it is and what it isn't and what you do. I'll tell you the difference. What a lot of these companies do is they're doing an Amazon dropshipping service, right? Because they're charging a large upfront fee. So they have the same model as us, but we do wholesale, which is a real model of purchasing products in bulk, reselling.

We have warehouses in Clearwater, Florida. We're real e-commerce sellers. With dropshipping, obviously, it's a real model that a lot of people use. But the only problem with that on Amazon, Amazon's not a fan of it. And it's against their terms of service. So what ends up happening to a lot of these people is they get started with an Amazon dropsh shipping automation service. And within a couple of months or, you know, six months, whatever, their account gets terminated, gets deactivated, and there's no recourse for the client. And a lot of these companies, they'll also, you know, pitch heat or cherry pick the very best results. cherry pick the very best results. Here's this one store out of 200 people that's doing a hundred grand a month in sales. And, uh, you know, they try to show you that. And I mean, yes, there are drop shippers on Amazon that, that it's still working for because, you know, you have a, a huge platform with over 4 million sellers. So there are people drop shipping, but the risk of

a new account coming on Amazon right now and drop shipping, they're too smart with their algorithm. Amazon's AI is probably going to pick up on it, kick you out. The ones that they kind of tolerate it for are, you know, the aged accounts, people who've been on there for a while. But I'll tell you this, Amazon is very smart in how they scale their business. Because in the beginning, they were pretty open, like let everyone drop ship, come on, you know, do all your daisy chain of products all, you know, all throughout the internet. And, you know, they use that money for like 15 years or so 20 years. And what they did was they invested into the ground game into the distribution network with

the warehouses, because they've always wanted to support the infrastructure for third party wholesale sellers, which is real e-com with real products. So with what we do, we're wholesale sellers. We go buy in bulk from distributors, manufacturers, other wholesalers. We get it sent to our warehouses. We repackage them for retail distribution then we send them into amazon so that's called fba fulfilled by amazon that's how amazon wants you to sell and uh you know that's what we do so you know you make enough margin on that like is it there yeah the margin is there because you know amazon gets their 15 20 percent right you got to repackage you buy it wholesale yep sell retail, but you can still make money.

You make money because we're going up the food chain. So just like every brick and mortar retail store, how they go buy wholesale and resell for retail, we do the same thing. It's like if you went to Costco or Sam's Club, you buy 100 ketchup bottles or whatever, you're getting it for a lower cost per unit. So when you sell wholesale, it actually does have that room. You got like, we make sometimes 60, 80, 100% margins on our products, on our products.

But drop shipping again on Amazon, you have really thin margins. You have like a 10% or less margin. Yep. All right. So you just got to sell a lot. You got to sell a lot. Yeah, you got to have money. And wholesale is a cash business,

so you gotta pay to play, right? If you wanna be a wholesaler, you really gotta come in 50, 100K for a budget. So it's not for someone who doesn't have much capital and they're just looking to get started in business. Probably another business would be better for them. How do you have to know what products to sell? That's what I think.

I mean, so like the hot stuff, it seems. How do you have to know what products to sell? That's what I think. I mean, it's like the hot stuff. Like it just seems like, how do you not end up with, you know, a warehouse full of ironing boards or whatever? This is a good question. Yeah, you know, we definitely have to do our research. You know, with what we sell, we only sell stuff that's already proven.

So if it's selling 10, 20,000 units a month on Amazon, we'll look at it. If it's something that has no sales or it's not proven we're not even going to touch it so that's why we do a lot of general wholesale we do like lawn and garden stuff uh kitchen toys and games we actually sell a lot of video games um you know pretty pretty basic stuff that you know uh people are going to keep buying over and over again. All right. There we go, Amazon. Amazon unmasked.

How to sell. Don't do drop shipping. I had a feeling it was a scam. Yeah, yeah. Don't waste your time on that. How do you YouTube? We're getting back. I'm bringing us closer and closer to the metaverse here. Yes, yes.

Amazon to YouTube. Yeah, yeah. How do you get successful on youtube like there's so much stuff on youtube it's like even our channel like we've blown up on everything and we've kind of made a dent in youtube right not really like with the radcast like it's just like it's there we got some audience we got three or four thousand subscribers but nothing like our other platforms yeah Yeah, YouTube can be challenging. The model that we've taken with it is with the Shorts model,

which has proven to be much easier for us than Cash Cow model, which is another type of model. Yeah. Because with the Shorts model, YouTube is basically looking at the landscape of, you know, all these different platforms and what's hot right now. And what's hot right now is the short viral videos, these reels, these tick tocks, these, you know, you name it. So YouTube shorts is basically what they launched to promo these like short viral videos because they want to play in this space so

the algorithm loves these types of videos so what we do is we just partner with influencers on tiktok mainly and we use their content so we get their permission to post it to our channels on youtube for the youtube shorts model and YouTube's algo promotes these channels. So they're able to grow pretty quickly. But these channels were monetizing a little differently. We're not actually earning on YouTube, we're earning off of YouTube. We're selling business sponsorship packages, where we'll promote people's businesses on a handful of our channels. So let's say, you know, for 1000 bucks a month or 2000 bucks a month, you know, they'll pay us and we'll promote them across so many of our channels.

And that's how we're getting paid, because like if you are growing, you know, the other the other style, you definitely have to be really consistent with your content. And, you know, it can take a lot. It's inconsistent, right, especially if you're running a lot of channels. So that's where the shorts model is is really great for us because it is pretty consistent and we're working directly with influencers who already have proven viral content and since we're partnered with them you know they're not coming for us for any copyright strikes or anything like that yep i love it the uh it's essentially tiktok right yeah i mean mean, but for YouTube. Exactly. Yeah. And I mean, everything is, I mean, reels blowing up. Like, you know, it seems like with all our clients,

like between TikTok and reels, that's where you get the organic reach. And it sounds like, and we've done a little bit of the YouTube shorts, but there's so many channels now, man. So many. There's so many. It's crazy. Yeah.

All right. Metaverse. Metaverse. Metaverse. Talk to me. Is this a rad? We do a rad or fad section. I kind of want to just start it right now. Is it here to stay?

It's got to be, right? Oh, it's here to stay, baby. My kids are playing Roblox all day. It's here to stay, man. It's the next level of gaming. That's all the Metaverse is. You look at the kids these days and you know even when i was a kid you know you could game all day all night and that's all it is now now you're just emerging yourself within the game environment it's a 360 gameplay and uh now with the metaverse

they're bringing real world economics into the virtual reality land. So, um, yeah, this is the, I mean, obviously you've seen Facebook, they changed their whole name to meta. Um, you know, so I think they're pretty bullish on it, but, uh, yeah, from, from what I, what I know in, in the space and, uh, I've been a crypto nerd for the past like six years or so. I'm a huge crypto guy and the crypto community is major bullish on Metaverse. So I think that's the move. Whether you're going to adopt it yourself and go in yourself or you're just going to invest in it, it's the move. And for me, I can't see myself personally living in a virtual world all day long, right? Sure.

You know, I put on the goggles for an hour or two. I want to take it off, right? I like being in the real world. But for a lot of people and a lot of gamers, you know, they love that stuff. They have no problem with it. So I think it's to each his own. I don't think it's like a forced adoption where it's like, okay, now everyone has to live in VR. I don't think it's like a forced adoption where it's like okay now everyone has to live in vr i don't think

it's that extreme uh but i do think from the gaming aspect um gamers are are heavy on it and that's why i think there's just major opportunity with it and like i said we partnered with a project called euphoria and uh they're built on the unreal 5 engine. So super compatible with game developers and easy to build on. And it's, you know, anything's possible in the metaverse. Anything you can dream, you can build. I'm wondering how, so meta, Facebook, building their metaverse, you know, it's kind of already there, but not really. Yep.

And you've got Euphoria and you've got i mean insert there's there's three or four major sandbox central land central and insomnia something yeah uh how are these all these so i buy land on euphoria yeah yeah come i talk to mike yeah the sancho yeah he tells me some land he got you the penthouse i got you the penthouse baby he got me oh he got me the penthouse in euphoria yeah yeah i which i love and uh how do i know yeah it's going to be compatible so that which one every one of these becomes the metaverse right do we know how these lands are going to connect is it that still the unknown? Yeah, that's the unknown. And I think you'll really have an unlimited number of verses. And that's where you want to get in on the most heavily adopted metaverses, right?

Because anyone who can develop, they can build their own. But if no one's using it, it ain't worth shit, right? There's no value to it so that's where that value comes from it's that collective perceived value of the masses so like sandbox to central land you know everyone's using that um you know the top companies all have land in sandbox and and you know these metaverses so that's what brings the crowd. And if you get the people there, the value is going to be there. So that's, that's really the difference. And, and so that's where Euphoria, you know, you know, we're working with a lot of companies already and securing different licensing deals, different TV stations. We have some former like Microsoft VCs coming in,

We have some former like Microsoft VCs coming in, some guys from the Polygon Foundation backing this up. A lot of people in the know coming in right now. We got some seven-figure projects. And the cool thing is that, you know, all these different token and DeFi projects, they can come in and build into the metaverse. And they can build their project within the metaverse. And there's a lot of opportunity. And also like, you know, I mentioned like with the casino thing, right. Or like with shopping, because if you think about a brick and mortar location, again, you're limited to that geo location of what's around you in that area. Cause someone's only going to drive so far to get to your business. But if all they have to do is put on goggles and they're there,

right, you may not even have a casino in your state. You may not even have a casino in your country. But now you can throw on goggles and you can go play blackjack wearing a Barney suit with someone in China. You can do whatever you want. There's no rules. I'm going to be Shaq in the metaverse. Yeah, yeah. There's no rules. So you can do whatever you want. There's no rules. I'm going to be Shaq in the metaverse. Yeah, yeah. There's no rules. So you can do whatever you want. And same thing with the MetaMall. Think about all these brands and businesses, how they can cut costs with these virtual reality shops. And it doesn't mean that brick and mortar just goes away. It's just complimentary. And it's a way for them to increase their top line

revenue and, you know, have much less expenses because you're only going to need a couple of people to staff your virtual store, people coming from all over. So yeah, there is tremendous opportunity. And also another big one is for big corporations and how they conduct business. So we're also selling commercial office space within the metaverse. So companies will have virtual boardrooms, you know, they can just pop in and, you know, do their business and walk around their office and, you know, do their thing. So, yeah, it's exciting and, you know, it's scary at the same time, but, you know, we'll see how this thing goes. I love it. I do see the practical use of the office thing,

I think, especially with people working from home more and more. I think that's probably one of the more first practical uses that's going on is getting people leveraging it in that way. And there's been fatigue with Zoom calls and everything else. Exactly. And on the Zoom, it's not as interactive you know you can just be there you know with your pants off and and you know your your screen off and you know you're you're petting the cat you're you're cooking a hamburger in the back you're not

paying attention uh but if you're in a boardroom you know looking across from somebody you have that collaborative effect of you know the the face-to-face. Because, you know, for me in building business, that's really the most productive is the in-person face-to-face. You can definitely get a lot done on Zoom, and I work really well remote, and a lot of people in, you know, my company work remote. But, you know, there's just something special about the face-to-face. Agreed, agreed.

Let's talk NFTs, non-refundable tokens unreplacable irreplaceable tokens yes it's kind of what it means right yeah yeah essentially yeah essentially what's uh what's your take on this i mean right now i see it we have clients they're getting involved in it you know i i understand it right what it is but it seems like we're still in a little bit in this nascent early phase of exactly what it's all going to mean other than uh celebrities and artists kind of driving up you know uh pump and dump yeah yeah i mean it's called like it is yeah like there's a lot of pumping dumps that's going on yeah so i don't know but what's your take on everything's happening see my my take on nfts is this that it is the evolution of intellectual property

um you know patenting stuff like that because it's true verified digital ownership so yes there there's a lot of you know volatility and craziness happening and you know, volatility and craziness happening and, you know, people pumping pointless projects just to, you know, make a quick buck. But, you know, for the real projects and the real communities, I think that NFTs are massive on, you know, in a number of ways. And I think, you know, obviously you have the collectible side, you know, that's cool owning your own, you know, one of 10,000 or whatever. It's like, you know, Pokemon cards or whatever, baseball cards, uh, you know, football cards, whatever. I used to collect a lot of stuff as a kid. Um, so you have that, but I think the true power of NFTs comes with the digital ownership, that verified digital

ownership. So, um, you know, with, you know, you can bring that to verified digital ownership. So, you know, with, you know, you can bring that to the real world, like, you know, real estate, right? For example, real estate, what happens when a property goes into probate and, you know, there's seven kids and they don't get along too well and they're all fighting over the property, right? Or there's no will or there's no trust and it doesn't move cleanly. With real estate, if you put it on the blockchain, and you know, through smart contracts, you know, basically you NFT the property. There is no question of who owns that property, because you have that digital ownership. And, you know, you can have, you know, in the contract, when I die, the contract executes to the next owner who is this person.

And then there's no dispute over who is the actual owner of that property, of that IP. So I think that's more so where this is going with NFTs. And that's where I see the real intrinsic value in it. Yeah, that's interesting. I hadn't thought about it when I've heard about it, but I hadn't thought about it to that level with kind of whether it's patents or other physical things kind of becoming that digital paper trail, so to speak of exactly that record, which cause you have it now but you know a paper document that you upload to google drive like how how uh how real is that it even blows my mind now because i'm thinking about it we start our production company and we're doing you know

setting up different corps and things like that and i'm like having people to sign stuff and i'm like they're just signing with a pen right here and it's their signature, but this is really going to hold up. Like I guess it would. Contracts have held up. Yeah. I think that all the time signing contracts. I'm like, just this little signature.

That's, that's really guaranteeing that I'm going to, and you intend to fulfill it, but of course, of course, of course. But yeah, it blows my mind.

Yeah. Yeah. The art thing is this interesting. All the apes. Yeah. Why does it art thing is just interesting. All the apes. Yeah, the forward apes. Why's it got to be apes? Mutant apes. I don't know.

I don't know. I don't know. First one. I mean, you know, I hear Gary Vee. I mean, he's been the vocal outcry for the NFTs. But I think he's playing the long game, too, with it. You know, he understands a lot of what you just described. And I can get down that language. The short-term things just kind of drive me yeah the short it's

a short-term hype and you know obviously yeah because it's like they're selling these jpegs of the apes that are going for you know people are buying them for a million dollars and you're like okay well where where's the value from that you But, I mean, the collective perception is that they have this amount of value. So someone's paying for that versus what they could buy for a mansion or a Lamborghini. It does seem like, though, that the values in the near term, if you think about baseball cards or other things, collectibles, over time they go from zero to 100 miles an hour. Yeah, yeah.

You know, over 20 years or whatever. But now, like everything else, the instant gratification, things that are worth $5,000 going to a million, it's happening like that. So I'm like, are we taking all the value that could be, or are they really going to be worth $50 million in 10 years? I don't know. Right, right. It's like a wave. I respect the hell out of people that are making money on it

yeah yeah no it's crazy it's just i don't you know where you where you dip your toe in and the thing too is that you know a lot of that stuff is is highlighted these projects that do blow up like that but the majority of projects they go like this you know you're gonna you know they're gonna release their collection you're gonna buy their nfts and that's it they don't do anything moving forward project is dead and no one else is buying them you know you're just sitting on a bag but you never know in the future 20 years from now this collection may be sparked and people are like wow you know we really like these things. It's kind of interesting how human behavior is and how we like set value to these strange things.

It's kind of like what's popular. Everyone's like, yeah, that, that, that. Like, let's do it. Yeah. And it's like, you know, it doesn't make sense logically. It's more of an emotional type of thing. But it is very interesting. it's more of an emotional type of thing but it is very interesting

as we close out Mike what we want people to know about Mike Sancho you kind of told it I love the I wouldn't even call it rags to riches it's more like the life lessons and the overcoming adversity

I love that part of the story I think people are going to get a lot from that but what do you want to leave people with? I want to leave people with for me and for Wealth Accelerators as well, we're about helping people. I have a huge passion for helping people just because I've been through so much shit in my life and I know what it's like to be in the dumps. I know what it's like for nobody to believe in you, everyone to turn their back on you

and just feel like you're alone in this big world. And I want to be your hand up. Let me pull you up. Let me help you out. Let me give you some connections, get you in my network. Let's build you some businesses, some passive income. Let's get you some freedom. Let's help you build a good life so you can do what you want on a full-time basis, doing the things that you love. And, you know, that's really what we're all about. We're building an ecosystem of like-minded people that are pushing things forward. They want to have a good life and they want to have, you know, they want to create real change and they want to help people.

So I would say that's it. And, you know, if you guys are interested in checking out our community, we actually have a big convention event coming up this June. We have a two-day convention event. We have some real cool speakers. We're locking in Marcus Limones, Kevin Harrington, Damon John, Elena Cardone, Roland Frazier. It's going to be a blast. So that's it. I mean, we love people.

We want to help you. And also, if you have value to bring, we want to work with you. We want to help blow up your business and help you out. I's it. I mean, we love people. We want to help you. And also, if you have value to bring, we want to work with you. We want to help blow up your business and help you out. I love it. Mike Sancho. Elena Cardone's awesome. Had her on the Radcast last month. She was episode two.

Her and Grant, back to back. Nice. Good peeps. Nice. Crushing it. Mike Sanchez, where can everybody find Wealth Accelerators and you online? Where can we find you? You guys can find me on Instagram at TheMikeSancho

or also our business page at Wealth Accelerators. You can check out a couple of our websites, AutomateTrucking.com, WealthAcceleratorsFBA.com, WealthAcceleratorsYT.com, and more coming in the pipeline. But again, Instagram at TheMikeSancho. 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. I will never DM you asking for money. Do not send any money. At TheMikeSancho is the real one. Instagram, get me verified. I'm waiting on that. And then at Wealth Accelerators. All good.

TheMikeSancho on Instagram. Appreciate you coming on, brother. Yes, sir. Thank you for having me. Love your story. Thank you. Hey, guys. You know where to find us.

We're at TheRadcast.com. Search for Mike Sancho. You'll find all of today's highlight clips you know where i'm at i'm right ryan alfred on all platforms tiktok instagram youtube you know where to find me we'll see you next time on the radcast