Mass Outsource MasterMind Modules One and Two
It’s been nearly two months since I joined Tyrone’s Mass Outsource MasterMind so I thought I’d finally 
give you that update that I’ve promised for a couple of weeks now 
First I’d like to say that I am really enjoying this class. It is well organized with videos to explain everything that is taught. In fact, Tyrone supplies us all with videos, pdf’s and mp3′s…so, no excuses for not learning.
There are 8 modules in this course starting with 1: A General Overview of Employing Virtual Staff and ending with Module 8: Setting Your Business In Automatic Mode.
The first area that Tyrone addresses is “Developing the Outsourcing Mindset.” Inside our first lesson, we learned about the 80/20 rule and what this rule has to do with us. Anyone who has read Tim Ferris’ book the “4 Hour Work Week” will be familiar with this rule.
Basically the 80/20 rule is that in your life, 80 percent of your outcomes come from 20 percent of your inputs. Or you can say that 20 percent of your activities produce 80 percent of your financial rewards.
According to Wikipedia: The 80/20 rule was named after the Italian economist Vilfredo Pareto. He observed that 80% of income in Italy was received by 20% of the Italian population. The assumption is that most of the results in any situation are determined by a small number of causes.
In Tyrone’s case, these are the examples of the 20% activities that produce 80% percent of his income:
- Networking with others through Skype and email. this establishes relationships and eventually leads to doing business together in the form of partnerships or JV’s or gaining affiliates.
- Writing newsletters and sending them to customers…this continues to build that all important relationship.
- Creating video content to provide value to readers. This also creates other business opportunities and markets the business brand.
So, this was our first real exercise, to write down what the 20% of activities are in our business that produce 80% of our income. The second question/part of the exercise was to list the remainder of the activities that don’t generate income but need to be completed. This helps to determine which activities need to be outsourced to staff to complete.
Another important idea that Tyrone pulled from Tim Ferris is the acronym called D-E-A-L.
- D is for definition: You need to define what you want out of this whole outsourcing course and also what you want to achieve within your own business. This idea is not new and any successful business starts with a vision. Imagine in your mind what it is that you are trying to achieve through this process.What is your dream?Are you like me, do you want to travel? Define it.
- E is for elimination: How you look at your day and split it up into the 80/20 principle. Apply that principle to eliminate the things that are not dollar productive and focus on things that will make money. This is where outsourcing comes in.You train your staff to do the activities that are not dollar productive such as all your admin duties that can be very time consuming. This frees you up to tend to those activities that are producing income.
- A for automation: Automating your business by having everything in place such as a project management system for your outsourcers to check into and the correct system to have in place to run and receive payments from customers so that your virtual staff can handle these things for you and make sure that it goes into the right account.
- L is for liberation: Now that one brings a smile to my face. Liberated! Free! Doesn’t just the idea of it excite you? Liberation is all about living your dream lifestyle, designing your whole life…free to live it has you see fit and not have to worry about anything dealing with your business because your virtual staff is managing the business for you. This will happen over time.
This one is the long term strategy or goal. This is achieving your desired lifestyle.
World in your hands
Tyrone does an excellent job of supplying the education, the tools, advice and resources…but in the end, its up to us to take the action steps to make this all happen.
Module 1: basically covers everything from why you should outsource, to how you should hire, how to pay, what work to give, and how to manage your virtual staff. There are 10 videos in this series.
Module 2: Developing the outsourcing mindset. Tyrone also introduces his Mass Outsource sytem in this module.
Next up in my series on Mass Outsource Mastermind is Module 3: Hiring Virtual Staff. In this module we’ll cover everything from finding the best virtual staff to suit your business, to how to screen them, what you can expect and the guidelines for managing them.
I really believe understanding and applying the 80/20 principle is the key to making all of this work. This is what brings clarity to us about our business and what our role should be.
For those of you stateside:
enJOY your families this Memorial Day Week-end…lots of barbecuing I am sure
Everyone else…just have a fabulous week-end filled with love and joy
Kathy *
“People often say that motivation doesn’t last. Well, neither
does bathing — that’s why we recommend it daily.”
— Zig Ziglar: Author and motivational speaker
Twitter
Facebook
LinkedIn
Google
Youtube
Hey Kathy,
Thanks for visiting my blog I appreciate it!
And about this article. Wow, tons of really useful advice in here. Thanks for putting all of this together and putting it in a post for everyone to read. I’m about to go try to dip my feet in the outsourcing water pretty soon. =)
Peace,
Darren L Carter
.-= Darren L Carter´s last blog ..Watch: New Welcome Video! =-.
[Reply]
Kathy Dobson
Reply:
June 1st, 2010 at 8:51 pm
Hi Darren…Outsourcing is where its at if you really want to grow in this business. If you have not already, you will reach that point
Thanks for coming by Darren
Kathy
[Reply]
Hey Kathy,
I get regular news letters from tyrone, and I have to say he really is the business and an authority on this business, as a matter of fact I think hes cornered the market!
I`m glad to see you have found your niche, and that you are passonate abotu it, you will succed I feel in the future creating your own products in this niche as you own knowledge grows, it is then you will put your own spin on it!
Take care….Ed.
[Reply]
Kathy Dobson
Reply:
June 1st, 2010 at 8:52 pm
Thanks Ed…you’ve always been such a great supporter and I won’t ever forget that
That’s why I am working so hard at learning this stuff so that I can pass on the knowledge….
You bet I am going to create a product someday…you just knew that was coming
Kathy
[Reply]
Good Day Madam,
I shore do like visiting your blog, Kathy. I enjoy the wealth of information you provide your readers and when my act finally starts coming together, I intend following you to the land where folks want to work with us.
Finally a sunny day without rain here in mid Canada and if this keeps up I might delay the completion of my ark. Maybe.
Thanks missus, have a grand day.
Barry
.-= Barry´s last blog ..Admit You Are a Slave and The Truth Shall Set You Free =-.
[Reply]
Kathy Dobson
Reply:
June 1st, 2010 at 8:53 pm
Barry you are so funny
No doubt you must have been the class clown 
Thanks for stopping by and commenting…
Kathy
[Reply]
Hey Kathy,
It’s been a while since I’ve visited your blog to say hi. I see you’ve been busy over here. Everything is looking good. I hope to catch up with you one day…to…catch up LOL
see you soon,
Gwen
.-= Gwen Tanner´s last blog ..The Next Challenge is Upon Us =-.
[Reply]
Kathy Dobson
Reply:
June 1st, 2010 at 8:54 pm
Hi Gwen…
I know you are in the 30 day blogging challenge…I wish you luck with it 
Great to see you
Kathy
[Reply]
Hi Kathy, this is a really useful post and it sounds like you are learning heaps on the course, that’s great. I look forward to the next share.
Enjoy the journey.
Mandy
.-= Mandy Allen´s last blog ..If you don’t have a go you’ll never know… =-.
[Reply]
Kathy Dobson
Reply:
June 1st, 2010 at 8:55 pm
Hi Mandy,
I am learning heaps Mandy…it definitely has struck my passion. I plan on outlining the whole course so I hope you come back
Kathy
[Reply]
Hi Kathy,
Once again you’ve overwhelmed me with your very inspiring and helpful articles. I learn from your site everyday. Thank you for sharing your thoughts and knowledge about outsourcing. I appreciate how you’ve taken the time to write quality content in your articles and hope that you’ll keep finding success in all your endeavors.
Sincerely,
Rose
.-= Praline´s last blog ..Apple Beats Microsoft as the World’s Most Valuable Tech Company =-.
[Reply]
Kathy Dobson
Reply:
June 1st, 2010 at 8:56 pm
Hi Praline…thank you for such a kind comment
Outsourcing to the Philippines is a topic I am passionate about and I love writing about it 
Kathy
[Reply]
Hey Kathy
Sounds like your learning a lot about outsourcing from Tyrones course and thank you for sharing it with us.
I’m gonna try out your 80/20 principle and try and concentrate on whats making me money and more importantly elimanate what is not ,so I’ll let you know how I get on.
Thanks for the look inside Tyrones course and I’m really looking forward to reading an outsourcing report written by you as you are now officially the ” outsourcing diva ”
Take care
Dawn Kay
[Reply]
Kathy Dobson
Reply:
June 5th, 2010 at 11:31 am
Hi Dawn…I really believe there is a lot of merit to the 80/20 principle. We need to focus on what is making us money and get rid of the other chores. This helps to sort it out for sure!
Kathy
[Reply]
Twitter: sallyneill
on June 4th, 2010 at 1:09 pm
Hey Kathy, I think it’s so cool we are both on courses or training and taking some massive steps forward.
I am using the 80/20 rule for traffic generation and I am seeing some really great results, right now 80% of my time is spent on generating 20% of my traffic, but once I swap it around, it will be much easier and less time consuming.
You seem to be enjoying your course as much as I am enjoying mine, it really does help you learn when you are actually interested in the subject.
Sally
.-= Sally Neill´s last blog ..Sally Neill 2010 =-.
[Reply]
Kathy Dobson
Reply:
June 5th, 2010 at 11:33 am
Hi Sally….that’s interesting that you are already using this principle. It was new to me but I already to the value in it. Sorting through all the tasks and finding what is really earning money is what I need to do. This rule can be applied to any area of our life and I like that you are using it for traffic generation. I hope you come back and update us on your progress!
Kathy
[Reply]
Hi,
I have also worked as virtual team for several years and still working from home. I am also working on 80/20 formula. Well, I spend 80% of my time for traffic and 20% for rest of the tiny tasks like emails, site fixes, etc
[Reply]