This Is the EXACT FORUMULA for WEALTH CEATION- and How It Applies to IM: Wealth = Px...
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
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!
"One Man's Ceiling is Another Man's Floor"
"If there is no door, it becomes necessary to break out through the wall."
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!
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!
"One Man's Ceiling is Another Man's Floor"