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

I learned my lesson when I got kicked out of college. I got arrested and they took me down to jailhouse and I spent a few weeks in there I came pretty close to some more serious charges and actually doing some prison time That's when I really made that decision in my life when I was in that jail cell all alone And I just made that line in the same decision of I'm gonna flip the script and people are gonna be surprised They're gonna see what happens from here pretty much made a promise to myself that I'm gonna just outwork everybody And I'm gonna go all in all the time and I'm gonna do whatever it takes to be successful and I'm gonna do it legally This is right about now with Ryan Alfred a Radcast Network production We are the number one business show on the planet with over one million downloads a month Taking the BS out of business for over six years and over 400 episodes You ready to start snapping next and cash and checks? Well, it starts right about now Hey guys, what's up? We're talking sales today. We're talking marketing. We're talking trading. We're talking Mike Sancio. What's up, brother? What's up, man? Happy to be here. Hey, man excited to have you my people and your people were talking CEO of wealth accelerators Real estate investor bad-ass mofo and I'm glad to have you here. What's been shaking man? You've been riding the train We've been riding the train hardcore man. We've been booming. Yeah, man sounds like it Been reading about all your success and automation and sales. Let's talk your background though, my ice the highs the lows Yeah, everything else definitely some lows. Yeah, you're losing sometimes you ain't learning when I was a child the Entrepreneur vein is just something I was born with I'd be like eight years old watching the infomercials all those commercials, but wait There's more and they're selling the products on TV I was trying to invent products at that point and I would go to my mom and say hey mom Can you help me get a patent? I was like trying to get patents with my mom's help at eight years old Not many kids doing that. I had it early on. I just started to get into more and more businesses as a teenager Not necessarily all of them legal businesses. I started selling a little weed as a kid It's a common theme. I guess in entrepreneurs. They take their business skills to a different kind of industry That ended up getting me in a little bit of trouble I ended up getting kicked out of high school because of it found my way into college after that and didn't learn my lesson the first time I'm that guy who got you're the true entrepreneur. Yeah, every friend I knew was either smoking or selling it or who knows what I don't know how to make money somehow, but I can relate to that entrepreneur, Jane. I like that I'm that guy that got expelled from high school and got expelled from college as you can imagine my family was wicked proud of me at that time I had a point seven one my first semester at Clemson. Is that even possible? Zero point zero minus. That's at F minus my ass got yanked home first semester It didn't go well so I can relate to making the family proud I think you were majoring in parties and girls. Yeah, instead of class I think that was the exact line I used on a podcast once I was majoring in boobs and beer Hey, you got to go pro and something I think I was a pro you finally learned your lesson I learned my lesson when I got kicked out of college. I got arrested They took me down to jailhouse. I spent a few weeks in there. I came pretty close to some more serious charges and actually doing some prison time That's when I really made that decision in my life when I was in that jail cell all alone I just made that line in the same decision of I'm gonna flip the script people are gonna be surprised They're gonna see what happens from here pretty much made a promise to myself that I'm gonna just outwork everybody I'm gonna go all in all the time. I'm gonna do whatever it takes to be successful and I'm gonna do it legally from there I got out and went to Charleston, South Carolina when I got out of jail and I was living with my parents I had no money. I was in debt probably a hundred thousand dollars from student loans car loans lawyer fees that I owed back to my parents You name it. I was in a big hole at 21 years old Life was in front of you exactly, but you didn't realize it at the time. I'm sure you probably felt like you know life's over But I was motivated. I was fired. That's good. That's good. I was people getting those holes, though People need to hear that kind of reflection of knowing what was ahead of you You were just barely getting started even started a little bad. Yeah, little Rocky when you're backs against the wall And you're at rock bottom for me. It was purifying. I just felt free I was able to just clear out all the bullshit in my life. It's a fresh start. It's a clean slate I went down the main strip King Street in Charleston I applied it every single restaurant shop whatever I took the first two jobs that I could get one was at Subway for 750 an hour the other one was at a restaurant called 82 Queen Washington dishes I started working two jobs like a madman the crazy thing is I decided to outwork everybody and that's in everything because I said How you do anything? It's how you do everything so I came in a subway I started showing up 30 minutes early working before I even clocked in I started going in cleaning the bathroom Cleaning underneath the oven straightening the chips is before I even clocked in and you're talking Subway I know you can imagine the work ethic that comes with that for a lot of the people there customer service through the roof I was staying late clocked out still working still helping sweeping taking shifts being super helpful within six weeks They made me the store manager at 21 within another two months They made me the general manager of five locations because I just outworked everybody This is the ethic that I've kept with me since that point I just kept it boom and I was grinding my ass off I took that into everything and I started to take as much courses as I could Studying constantly about making money all different types of industries learning trading crypto e-commerce Real estate course after course after course. There was no break. I shut the TV off I just went all in at that point I tried to quit my jobs to go full-time into entrepreneurship Which was also a rocky road the first thing I was doing was real estate investing. I was doing a wholesaling I started flipping properties ultimately ended up going broke with that I didn't have enough resources at the time and pretty much I went on this cycle of quitting my jobs to go full-time into Entrepreneurship losing all my money failing and having to go back to work another job I repeated that cycle for four times before I finally got fully free. I Hear that story a lot especially and I see it a lot you take a course you learn something There's a lot of course junkies out there. They learn things, but they don't translate it to success I don't know if you figured out why that is I think it's part about figuring out what you want to do Where you want to fall in line with because for me the goal with taking the courses was never I'm gonna take this one course It's the end all be all this is the business. I'm gonna do for me It was I just want to learn everything that I possibly can about business every skill said I can learn because there is value And a lot of these courses. There's little golden nuggets and even if I learned just that one nugget from That whole course. It was worth the couple grand that I put into it. You just got to get out there and start swinging I believe that nothing is really a loss or a failure really is just a lesson You just keep barreling forward I was just so anxious to get out of there because I hated subway so bad I kept making that jump prematurely to get out after subway same thing I want to work at lows serving at an Italian restaurant I worked it like an arcade all different types of crap jobs that I hated every person should have to wash dishes at some point I washed dishes was my first job was 15. It was a meeting three place and I would have to scrub the macaroni dishes That builds some grit. Let me tell you it builds grit on your fingers and then it in your mind because they stack I'm tall Dude, but I'm like, oh God looking at that mound of dishes, but I do think everybody's at the wash dishes People laugh at me because I'd be there washing the dishes scrubbing the shit out of them like yeah, I'm being millionaire They're like, okay, dude. Yeah, yeah, yeah, look at you now you had the trial the start and stop start to stop What was the first if you call it a single a double triple? What was it? What was the first one the first double triple or homerun that I kind of hit was in network marketing I've been in that industry since 19 I got to introduce it at a young age that has sparked the mindset for me of business Because it opened up a whole new world to me where you don't have to do the 40 hours a week for 40 years Try and retire off 40% of your income. It was like okay There's another path to this and that kind of opened me up from selling weed to oh, I can become a real businessman It's like the same thing with just one's legal one you don't go to jail one everyone applaud you same skill sets Yeah, it's a lot of the same skill sets, which is incredible But it took me a good six seven years in that industry before I broke through I hit my first six-figure income I started doing 25k a month in residual income in a company the funny part is four months after that happened that company The owners started fighting broke up company crashed So I had to rebuild my income. I went to another company rebuilt my six-figure income again in network marketing And this one went a little bit longer But she got about a year in and then same deal owner started fighting ripped the company apart crashing boom went down Lost it all again And then I went to a third company after that rebuilt my six-figure income again I still have it now, which is good. They're about two years in I'm hopeful they'll stick around But during this volatility This is where I really got the drive to build something that's my own because in network marketing It's a great industry and you can do very well in it and you can learn a lot of skills and get around a lot of great people But at the end of the day your liver die on someone else's business That's a dangerous situation to have that as like your own the income stream This is where I really got into diversification in different industries lots of different investments And this is where we ended up founding wealth accelerators, which I founded in 2019. There's a stigma with network marketing Yeah, you know it definitely is I never hate on anybody's game There's people smarter than me figuring things out making a lot of money doing a lot of things Yeah, but I've always been like I never really understood the stigma, but it was there. What do you think that's about network marketing? It's a business built for average people when you have a business that's built for average people What are 97% of them going to do? Yeah, they're gonna do nothing. They're gonna turn around. They're gonna bash the industry They're gonna point the finger because they have no self accountability That's really where that stigma is the pyramid scheme things come from all network marketing is a business You're a sales rep for a business. They give you the whole infrastructure They give you the product the back office everything all you got to do is go out and build a team of sales leaders And that's all it is you're building sales teams. I'll ever saw it was a commission structure. Yeah Yeah, like everyone puts a stigma on it and I'd read about it And I mean I understand it now. I've had enough guests that talked about it I've been in advertising marketing my whole career, but this is this is the sales structure It's the same thing as the insurance industry or the real estate industry with the real estate brokerages Yeah, they earn overrides off their agents. It's the same concept. What's the formula that makes someone successful in Network marketing you have to be relentless you got to get up every day You got to talk to new people a lot of people they do the right activity But they don't do it for long enough. They'll do it for two to three months They won't get a lot of traction in that time So then the enthusiasm drops and then they start to waver and then they kind of bail and it's this cycle of like getting motivated And they're like yeah, yeah, yeah, let's go like they go to an event or a convention Super motivated hearing from all the six and seven figure earners. I'm gonna go do it. This is my year boom boom boom They go talk to all their friends and family who are broken don't have the mindset for it They're like dude, you're stupid you're getting scammed you're an idiot slowly that tenacity starts to fade So you really have to have a strong internal beliefs and motivation system You got to learn you got to practice your skills a lot of people don't build on their value their skills Because you're getting paid on the value you bring to the marketplace Which is what Jim Rohn would always say one of my favorite mentors a lot of people don't sharpen the toolbox I'll be on YouTube all day watching learning sales skills recruiting negotiation marketing one thing that's amazing Right now in building network marketing nowadays is social media. I've done a lot through Facebook Instagram YouTube I don't know how these guys built these network marketing businesses back in the day before all that Is that's how I built mine because you can go target people who have the same mindset as you and you can go to the top People a lot of people are afraid also to recruit up we call it going to people that you perceive as on a higher level than you a lot of people Recruit down because they think it's the easier person to recruit But then all you're doing is bringing people into your business that are not going to do anything You're turning your wheels and you're getting frustrated I went straight to the top people. I'm like who's a grinder who's a hustler who's got influence who's got an audience Let's go straight to these people. Let's cut around the chase. I want to enroll one guy who's got an audience He does a webinar for 500 people. We're signing up 300 people that night very smart my friend First thing I teach is compounding interest the halo. It's the halo if a everyone has a halo It's not always about the followers on Instagram. It's about that circle of influence Right the greater the halo that you can tap into the borrowed interest that you can get the better you can do And so all this playing now let me see if I can get these 17 people that might not have any following or any influence go up Go up. Yeah, I can say is no exactly and that a lot of people have the fear the fear factor of rejection I do think what it sounds like to me that secret formula the people that you get are never marketing are really entrepreneurs They're just might be doing it for someone else sort of at first But they're probably in their early phases of becoming they're gonna own their own thing one day It's the people who are successful in real estate because you're gonna go sign up with a brokerage They're gonna give you all the tools you need to be successful But if you're really gonna build it and win you got to be an entrepreneur at heart. I love it Let's talk about wealth accelerators that's the latest stuff. What is it and how you helping people? What's a nuts and bolts wealth accelerator is a community We're an ecosystem for wealth creation wealth building wealth compounding We provide people with a variety of passive income streams through automated businesses Essentially what we do is we do a lot of the heavy lifting for our clients and our partners on our businesses We're the operations team where basically people are teaming up with us They're the financial partners where the operations partner what that provides for our partners is a hands-off passive income experience I'll give you an example one of our newer services. We rolled out a few months ago is with trucking automation Okay trucking fantastic industry the freight business logistics Let's run it for a long time unless you're a candidate I respect the hell out of them but they're mad I'll be pissed off too if I live in Canada right now. I can't imagine Yeah Get off my lawn day Logistics and freight business trucking it's the backbone of the economy Nothing really works without trucking We've been in this space for the past couple years We started building a pilot program running some trucks out of Chicago That's where our trucking headquarters is We opened up the service of pretty much what we do is we sell these packages Right now that we sell them for 75 grand we do a 50-50 split on the profit What that does is we take that capital a startup capital for the business We're going to go get a truck we're going to staff it with a driver Do all the registrations inspections maintenance And then we're going to put the truck on the road and broker the freight for them We're teaming up with the clients they're helping us scale a fleet faster We're helping them gain passive income. It's a team business It's a win-win for everybody all around It's a really unique model We also do this in a couple other industries right now We do this in Amazon with FBA We do wholesale distribution We do Facebook shops that's drop shipping We also do YouTube automation We build these YouTube channels for clients We're building the YouTube shorts channels And we have a couple other models that are in the pipeline That we got coming with real estate One that I'm really excited about which is the metaverse automation We're going into VR baby We're going in there Meta automation Yeah, yeah We have an entire city in the metaverse We've teamed up with a project called Euphoria We're selling properties in the metaverse And it's entire interactive universe Which you can immerse yourself in If you imagine like a grand theft auto city Which you can throw on an Oculus Goggles or VR headset Jump into the city You can go around the city And then there's all types of stuff you can do within You can go to events venues We have arcades We're looking at setting up a casino Also building out a metamol So you can actually go and shop within the metaverse Really exciting stuff Mike Sanchez Working everybody find Wealth accelerators and you online Where can we find you You guys can find me on Instagram At the Mike Sanchez Or also our business page At Wealth accelerators You can check out a couple of our websites Automatetrucking.com Wealth accelerators FBA.com Wealth accelerators YT.com And more coming in the pipeline Instagram at the Mike Sanchez Watch out for all the scam accounts Because as soon as you follow me You're going to get followed by like 15 other accounts With my pictures Trying to get you to invest in some Bitcoin or crypto shit Do not send any money I will never DM you Asking for money Do not send any money At the Mike Sanchez is the real one And then at Wealth accelerators Appreciate you coming on brother Love me Love your story Search for Mike Sanchez You'll find all of today's highlight clips You know where I'm at I'm right Ryan Alfred on all the platforms TikTok, Instagram, YouTube You know where to find me We'll see you next time This has been right about now with Ryan Alfred A Radcast Network production Visit Ryanisright.com for full audio And video versions of the show Order one choir about sponsorship opportunities Thanks for listening