This Is the EXACT FORUMULA for WEALTH CEATION- and How It Applies to IM: Wealth = Px...

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... Wealth= PxT - and what does this mean?

Simple.

Wealth = Personal Resources x Technology

What would be considered your Personal Resources?

1. The people you know, the people who trust you, and your relationships
2. Your direct experience in business and life
3. Your Time that you have available

and...

What would be considered your Technology?

1. Basic skills- reading, writing, speaking, calculations and processing information
2. The specialized skills you've learned
3. Ability to adapt to change and learn new skills

How can we apply this information to business and marketing?

Well, lets start off with your Personal Resources:

1. The first skill we notice is building relationships. We can build relationships in "IM" and expand our network reach, using social media. A famous entrepreneur said "Your Net-worth, is only as big as your Network".

I agree. We know when we build relationships, we have more chances of building an affiliate team and a JV list. Networking is crucial. Taking some action and Communication Skills are at the heart of building relationships.

2. Secondly your direct experience with businesses can help assist you with building an online presence. How does a business you have direct experience - relate to building your business? Can you borrow any credibility from direct experience with businesses or places you've worked.

( on a side note- Mark Joyner recommends a budding entrepreneur to find a small business and work for them. This way you gain understanding knowledge of the operations of a small business and what it takes. I have used this exact strategy and have worked for a "3" Stevie Award Winning marketing expert- as well as a famous marketer who's net worth is in the Multiple 10 figures- give it a try- it may work for you)

3. Lastly, your time is the most valuable asset you have. You can always make your money back, but you can't take your time back. Your time is limited, money is unlimited. (unlimited money to me would be 100 million )

Let's be more productive.

Now, we'll discuss your Technology:

1. Some might see reading, writing, speaking, as too basic and brush it off. Don't. Reading gives us the ability to learn more information and we should constantly be learning and evolving. Writing allows us to express our thoughts, information, and creativeness. The same is with speaking- and you want to learn to speak with conviction and persuasion. Writing and speaking are two forms of communication and its something you might want to master. Being able to process and calculate information quicker also has its advantages.

2. Do you have any specialized skills which can be applied to your business? If you do, you can possibly use these to your advantage.

3. Why would ability to adapt to change and learn new skills be important?

Well, for instance, we can use the "Google Slap" as a form of change. Those who failed to change- most likely failed. Those who were quick to change and learn new skills, found they could stay alive in the constant change of technology. This is very important. Technology is what you mainly want to focus on.

Your technology is also determined by the rate of information exchange. The more you communicate, the more potential you have to increase your technology. This is why Communication Skills are so important. You want to increase the speed of communication to gain more technological skills, and to become more wealthy.

Throughout history, economic expansion has been increased from the building of roads and highways. In today's world- we have the internet as a "highway" that's increasing our personal economics, creating more millionaires than ever, due to the rate information exchange and communication.

The speed of communication is important (more communication= more potential money - more ads = more potential money) , finding new products/services to sell (adding value), finding new resources (such as scripts, tools, software , outsourcing, to automate the processes), research new areas to gain knowledge, learning new skills (how efficient you do this matters)- this is some of the activities that will determine the type of wealth you have in the 21st century.

Think about it- the internet is an instant global communication device- how cool is that .

It will be determined how efficiently you leverage this resource that can make up your new income.

As an entrepreneur and small business owner, what new activities or skills could one learn to enhance there wealth creation?

1. Communication Skills (influence) + (advertising and marketing)
2. Networking ( JV's affiliates ect)
3. Being more productive ( CREATE something!)
4. Learning new information (stay on top of your game in your market- watch competitors)
5. Adapting to change and learning new skills efficiently ( dont wanna be Goolge Slapped!)

How can you profit from this information now?

Well, the most money to be made may be considered where the biggest market or technology gap is. For us at the Warrior Forum and in our industry there is much competition. But, your local small business may need more customers and leads, and herein lies the greatest market- technology gap.

The greatest market/ technology gap (where the most money can potentially be made), as us marketers have, is from online businesses and entrepreneurs - to Offline businesses and entrepreneurs.

This is the spot where the most money can potentially be made. Look at CPA offers. A lot of these companies (mainly offline) are willing to pay online marketers a fee to acquire there customers. Theres a gap right there.

What about running an offline seminar company? People offline , don't know about what's online, so if you're the first person to tell them about something, they are more likely to buy from you AND you can charge them a lot more.

A smaller version of doing offline seminars (think robert allen/ robert kiyosaki) could be going to small businesses who need leads and customers and doing a presentation there. I see lots of "going out of business" signs around me, its possible these people might listen to what you have to say!

You think your communication and influence skills might need to be up to par if you're just starting this out? Yup.

Its in your benefit to success to do so.

Now, I don't want anyone to think or assume I've research, studied, and presented this information first or myself- and so i'm not 'bashed' for promoting- if you're interested or want to know more- shoot me a PM or do a search!

Good Luck to all on there Journey towards success
#applies #ceation #exact #forumula #wealth
  • Profile picture of the author artwebster
    All I can say, in answer to this, is that you have a seriously limited appreciation of what 'wealth' is.
    Signature

    You might not like what I say - but I believe it.
    Build it, make money, then build some more
    Some old school smarts would help - and here's to Rob Toth for his help. Bloody good stuff, even the freebies!

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    • Profile picture of the author MaskedMarketer
      Originally Posted by artwebster View Post

      All I can say, in answer to this, is that you have a seriously limited appreciation of what 'wealth' is.
      Hey Artwebster,

      I agree the way its posted how you could come to the conclusion and may be confused why I might have an "limited" appreciation of wealth creation.

      Are you saying the skills I mentioned are not important - what exactly are you saying? All you're doing is 'bashing' the post with nothing appearing to be valuable in what you're saying.

      If you have something valuable to say, go ahead and correct me. I'd love to see your side of what you have to say- after all, this is a forum, and I posted this to get peoples logical opinions on what I posted. If you're just going to bash- why clutter the forum up?

      And, this isn't my formula- it was designed by an Economist, but I certainly believe there is much value in what he says.

      And I would very much appreciate you, Artwebster, if you can please tear apart my post, with value, so I can understand exactly what you mean.

      The post was to help newer people understand some basic stuff. If Im misleading them, then please , do correct me.
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      "One Man's Ceiling is Another Man's Floor
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      "I Pay Less Attention to What Men Say. I Just Watch What They Do."
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  • Profile picture of the author lexilexi
    Classic example of a "post-kill" from artwebster.

    There should be a way to get this sort of response removed. A lot of effort clearly went into the opener, and you should show a little more respect for that, even if you don't agree. Try actually making a contribution if you are going to contribute to someone else's thread.
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    "If there is no door, it becomes necessary to break out through the wall."

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    • Profile picture of the author artwebster
      It seems that these boards are only for people who are prepared to post "Ooh Lovely" and, maybe, a sparkly picture to go with it.

      I could have ripped the post to shreds because of many baseless statements and unsupportable deductions - but I didn't.

      I could have replied to it line by line - but I didn't.

      What I did do was respond in such a way as to make it clear that - in my opinion - the post was significantly lacking.

      If such a comment is capable of killing a post in a membership of thousands without some CONSTRUCTIVE criticisms of what I have said instead of some vague and valueless comment that a lot of work went into the post and that, for that reason, it is beyond reproach, the Warrior Forum is in deep trouble.

      Millions of man hours went into building the Titanic and, because of the alledged refusal to compensate for a mirror smooth sea, the lack of watch-keepers binoculars and ice berg warnings, it was lost.

      I do not like to be the ice berg upon which posts like these come to grief but this love of censorship and closed mindedness that seems to be rife in the Warrior Forums leaves me very sad. I thought there were grown ups here who had come to make comments, answer or ask questions and generally discover what other people thought.

      Wealth = Personal Resources x Technology

      How stultifying and narrow minded does a concept have to be before someone is allowed to comment upon it?

      You will note that I made absolutely no criticism of the post - maybe I should have done? I am as well hung for a sheep as for a lamb.
      Signature

      You might not like what I say - but I believe it.
      Build it, make money, then build some more
      Some old school smarts would help - and here's to Rob Toth for his help. Bloody good stuff, even the freebies!

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  • Profile picture of the author artwebster
    Masked Marketer,

    I did not 'bash the post' as you put it. I simply commented upon the paucity of your concept of wealth.

    Also, what I did was make a simple mistake in assuming that grown ups inhabit these boards and are prepared to accept that, as long as it appears that lots of work went into it, no post can merit less than absolute agreement.

    The fact that an economist made up this facetious and purile equation is no surprise to me - I have a degree level pass in 'Economics' but the examination result is no proof of ability. It is virtually impossible to fail an economics test since economics is the pseudo science of untested opinion about the effects of theoretical and arbitrary variations in transaction processes. The only thing an economist needs to justify his position is the ability to formulate an argument and defend it knowing full well that his argument will never be proved wrong because there will always be factors arising which he can point at and say "If I had known about that, my conclusion would have been different."

    I will be responding to your PM as soon as I have the necessary sight time to ensure my response is both vigorous and accurate - the hall marks of a good discussion in my opinion.
    Signature

    You might not like what I say - but I believe it.
    Build it, make money, then build some more
    Some old school smarts would help - and here's to Rob Toth for his help. Bloody good stuff, even the freebies!

    {{ DiscussionBoard.errors[414798].message }}
    • Profile picture of the author MaskedMarketer
      artwebster,

      I appreciate your post and looking forward to your PM. While I do lots of reading and love to learn, some stuff isn't always true and has bias, and whatever I agree with I'll post my opinion about- and I do so, not only to provide some value, but also as a learning experience for myself.

      We are here to learn and grow and even if what I say isn't true- the very fact I make a mistake and learn from it is why im here!
      Signature

      "One Man's Ceiling is Another Man's Floor
      "


      "I Pay Less Attention to What Men Say. I Just Watch What They Do."
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  • Profile picture of the author arawlins
    Nice forum. All of this information could be very useful for beginners.
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