Brief Summary
This YouTube video is a recording of an LSSC (Lightning Shared Scooter Company) training session led by Professor Eric. The session covers various aspects of LSSC, including the company's background, its business model, member responsibilities, and expansion plans. It also includes practical guidance on using Coinbase for digital currency transactions, specifically USDC, which is used for payments within LSSC. The training emphasizes the importance of member participation, brand promotion, and adherence to company guidelines.
- LSSC's business model and expansion plans.
- Member responsibilities and rewards.
- Practical guidance on using Coinbase and USDC for transactions.
- Importance of member participation and brand promotion.
Introduction and Welcome
Professor Eric welcomes both new and returning members to the LSSC training session. He emphasizes his role as a trainer chosen by LSSC to deliver information in his own way and expresses his support for LSSC as long as they uphold their commitments. He encourages members to conduct independent research for questions beyond the training and provides resources such as the Hong Kong consulate and the company's business registration number for accessing financial and director information.
Acknowledging New and Returning Members
Professor Eric acknowledges and welcomes new members who are attending the training for the first time, expressing his excitement to be on this journey with them. He also recognizes and welcomes back those who are attending for their second day, appreciating their continued interest in LSSC training. He highlights that their return indicates they see the vision of LSSC and are serious about changing their lives.
Training Requirements and Fifth Day Graduates
The training requirements are outlined, including the need for attendees to summarize what they learned after each class. Fifth-day graduates are required to create a one- to two-minute video summarizing their experience. Professor Eric congratulates the fifth-day graduates, acknowledging their hard work and encouraging them to stay in touch as they progress in their roles as captains and leaders within LSSC.
Proper Summary Format and Example
Professor Eric explains the proper format for submitting summaries, both written and video, emphasizing the importance of key points over lengthy dissertations. He provides an example of a video summary from a previous graduate, Priscilla, highlighting her enthusiasm and inclusion of key points. He encourages current members to emulate her excitement and incorporate their feelings about being part of LSSC into their videos.
Responsibilities and Rewards of LSSC Members
The responsibilities of LSSC members include learning about the business model, mastering essential skills, and increasing their income. New members who complete five consecutive days of training receive $50 and five points, while their inviters receive $20 and five points. Professor Eric expresses his preference for points over money, hinting at their future importance.
LSSC Background and Practical Uses of Scooters
LSSC, or the Lightning Shared Scooter Company, is described as a leading shared scooter company headquartered in Hong Kong, China, with potential plans to move its headquarters to Dallas. Established in 2018, it transitioned from an asset management company to a shared industry in 2024. LSSC focuses on providing eco-friendly, short-distance transportation solutions. The video includes a demonstration of the practical use of LSSC scooters for adults, such as commuting to work or traveling between classes on a college campus.
LSSC Scooter Deployments and Member Testimonials
LSSC scooters are deployed in various cities worldwide. The video addresses concerns about the scooters' existence by stating that thousands have been shipped to stores and offices. It also features footage of LSSC deploying scooters and checking their condition. Practical pictures of users using the scooters are shown, highlighting their convenience in different environments.
Business Registration and Certificates
The business registration number and MSB license are displayed, with an explanation of the MSB license as a show of good faith, indicating that LSSC is not involved in money laundering or fraudulent activity. Instructions are provided on how to validate this information through official websites. The video also shows examples of certificates of good standing and articles of incorporation, all stamped and in good standing in the state of Colorado.
LSSC Store Visit and Banquet Experience
Professor Eric shares his positive experience visiting an LSSC store, highlighting the diverse and welcoming atmosphere. He also describes attending a banquet held in New Jersey, emphasizing the unique experience of dining in an underground aquarium. The video features a photo of the mayor, a congressman, and the store owner, Samuel, underscoring the company's community engagement and the approachable nature of its early members.
LSSC Expansion Plan in the US
LSSC's decision to expand into the US market is discussed, citing the high potential market and consumers' embrace of the shared economy model. The shared economy is explained through examples like Uber, Lyft, Airbnb, and Amazon. The video contrasts traditional marketing methods with LSSC's approach of using participants as brand ambassadors, highlighting the ineffectiveness of traditional ads and the benefits of word-of-mouth marketing.
LSSC's Marketing Strategy: Viral Marketing
LSSC's marketing strategy involves paying participants to share the opportunity with their friends and family, leveraging viral marketing techniques. The video explains that by having members turn on their scooters daily, LSSC stays top of mind and encourages them to share the opportunity with others. Examples of viral marketing campaigns, such as the Ice Bucket Challenge and the Hot Chip Challenge, are used to illustrate the power of organic growth through shared content.
LSSC's Efficient Approach and Authentic Success
LSSC's approach involves sharing profits and turning every participant into a partner, which is seen as a more efficient and authentic way to succeed. The video contrasts this with traditional advertising, which is often perceived as scammy. It emphasizes that personal recommendations from trusted friends are more effective in promoting LSSC. The goal is to create brand awareness and establish LSSC as a household name through word-of-mouth marketing.
Interactive Exercise: Video Analysis
Professor Eric conducts an interactive exercise by showing two videos, one in English and one in Spanish, to illustrate LSSC's marketing approach. The English video highlights LSSC's transition from China to the world, its reliance on the sharing economy, and the benefits of empowering everyday people to earn by managing scooters. The Spanish video reinforces these themes, emphasizing the global reach and individual benefits of participating in LSSC.
LSSC's Marketing and Expansion Goals
LSSC markets itself by allowing participants to earn money and share the opportunity with others, leading to brand growth. This word-of-mouth marketing is more powerful than traditional ads, saving LSSC on advertising costs and rewarding participants with financial benefits. LSSC's goals include helping participants earn money, expanding brand influence through participant-driven promotions, and officially entering the US market.
LSSC's Three-Phase Expansion Plan
LSSC's expansion plan consists of three phases: market expansion and brand awareness (3-5 years), physical deployment and revenue growth, and establishing global headquarters. The first phase involves establishing offices and experience centers worldwide, attracting more participants, building teams, and expanding brand influence. The second phase focuses on expanding with scooters and other shared economy solutions, while the third phase aims to optimize industry chain logistics and market expansions, ultimately becoming a dominant force in the shared mobility world.
Next Steps and Call to Action
The next steps for members include staying engaged, attending trainings and meetings, inviting friends, and staying compliant with LSSC's rules. It's emphasized that completing the training with comprehension is essential to maintain the relationship with LSSC. The call to action encourages members to invite at least one person tomorrow and attend all trainings, growing with LSSC.
Buying and Transferring Digital Currency (USDC)
The session transitions to a discussion on buying and transferring digital currency, specifically USDC (United States Dollar Currency). USDC is described as a stable coin valued one-to-one with the US dollar, backed by the Federal Reserve and regulated. It's recommended for its speed, lower cost compared to bank wires, and stable value. The process of setting up a Coinbase account, buying USDC, and transferring it to another wallet or exchange is explained step-by-step.
Setting Up a Coinbase Account and Buying USDC
Instructions are provided on how to set up a Coinbase account, including visiting coinbase.com, entering and verifying email and telephone number, uploading a government-issued ID, and adding a payment method (bank account, debit card, or PayPal). The advantages and limitations of each payment method are discussed. The process of buying USDC on Coinbase is explained, including clicking on "buy and sell," selecting USDC, entering the amount, choosing the payment method, and confirming the purchase.
Transferring USDC on Coinbase
The steps for transferring USDC to another wallet or exchange are outlined, including clicking on "send and receive," choosing USDC, entering the recipient's wallet address, and selecting the correct network (Polygon). The importance of using the correct network to avoid losing funds is emphasized. The process of reviewing transaction details and confirming the transaction is also covered.
Final Tips and Summaries on USDC Transactions
Final tips for USDC transactions include always verifying the wallet address, choosing the right network, using Coinbase security features like two-factor authentication, and being mindful of transaction fees. It's recommended to perform initial transactions with the guidance of an inviter. Additional help can be obtained from Coinbase customer service.
Class Dismissal and Graduation Congratulations
Professor Eric concludes the first day of class, congratulating the graduates and encouraging them to create upbeat and happy video summaries. He announces that he will recommend the best video to the management team for an additional reward. The class is officially dismissed, and Professor Eric announces a short break before returning for a question and answer session.
Clarification on Summaries and Group Assignments
Professor Eric clarifies that summaries should be written out in notes and then pasted into the newcomer training or group training rooms, which open at 11:00 AM the next morning. He explains that if members are unsure of their group assignment, it is usually based on their regional manager's name (Kevin, Ethan, France, John).
Frequently Asked Questions (FAQ)
Professor Eric addresses frequently asked questions, stating that he will not answer questions about taxes and advising members to consult a certified tax advisor for tax-related concerns. He clarifies that a bank account is not technically required for LSSC, as someone can fund the account and provide cash. He also emphasizes that promoting LSSC on social media is encouraged and that the inviter or captain is responsible for showing new members how to transfer money.
Additional FAQs: Captains, Company Information, and Age Limitations
Professor Eric defines a captain as someone with five directly invited Level 1 members. He clarifies that LSSC is a non-market traded company and is not legally obligated to divulge the identity of its founders or CEO, but information can be found on the Hong Kong consulate website or through their financials. He addresses age limitations by stating that individuals should be competent enough to perform the job duties.
More FAQs: Upgrades, Global Referrals, and Wallet Transfers
Members can upgrade their scooters anytime, up to S1 without building a team, by paying the difference. LSSC is now global, allowing referrals from anywhere in the world, but device functionality may vary by location. Transfers between LSSC accounts are not allowed, and wallet address changes should be done through the regional manager. Personal preference dictates the choice of wallet (Coinbase, Kraken, etc.).
Final FAQs: Scooter Usage, Investment Returns, and Class Proof
Scooters can only be turned on once per day, turning off automatically after four hours. There is no money back after three years, as the initial investment should be recovered within six weeks. Class attendance is proven by submitting summaries to the training room or manager's chat group. Forgetting to turn on scooters results in no payment, similar to missing work.
Concluding Q&A and Final Remarks
Professor Eric answers remaining questions, including where to find the LSSC wallet address, the benefits of having an office, and the deadline for submitting summaries. He encourages members to do summaries in their native language and clarifies that social gatherings can be requested from regional managers. He emphasizes the importance of participating and being active in LSSC to maximize income potential. The session concludes with final shoutouts and congratulations to the fifth-day graduates.
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