One of the world marketing guru I admired a lot is Jay Abraham. He is an American business executive, conference speaker, and author. He is known for his work in developing marketing strategies. In most of his materials, he often repeat the fact that there are just three ways to grow any business.
There are only three ways that any business can be grown. The first way is you increase the number of customers that you deal with. The second is you increase the amount of purchase or the size of the purchase those customers make. And the third is you increase the frequency or the repeat factor those customers do business with you. If you increase any one of those factors, you increase your business linearly or arithmetically. But if you increase all three the business grows by quantum leaps, because you bring to bear the quantum theory of geometric progression…
According to Jay, the 3 ways of growing business is very much applicable to personal living and growing richness of life too. Here is how Jay explains it in one of his classic material titled – “Your Secret Wealth”.
In business, the first way is to increase the number of customers. In life, your first way will be to increase the number of relationships you establish. And once you start developing these extra and expanded relationships, you’re not going to believe the byproduct of profitability and enjoyment that it produces, because relationships will breed relationships. People will introduce you to other people. Opportunities will be presented to you. Knowledge will reveal itself.
In the year 2007, a fellow internet marketer made a post in the popular internet marketing forum to connect warriors that will be attending the world internet summit in Singapore to save cost on hotel accommodation. His name his Dee Ferdinand. Though is arrangement, I met and live with 5 other brilliant marketers from other countries for days. I end up meeting other people too through my 5 co-tenants. [click to continue…]
That is title of a chapter in the classic book, “Science of getting Rich” by Wallace D. Wattles.
Here is a quote from the book:
NO man is kept poor because opportunity has been taken away from him; because other people have monopolized the wealth, and have put a fence around it. You may be shut off from engaging in business in certain lines, but there are other channels open to you.
This article is response to message I receive from a subscriber of Net Profits Zone mailing list that believes the opportunity is monopolize in internet & information technology sector of the country. Take a look at her message:
I need to own a website. But I have no idea what content to put in. There’s a lot of competition in the market. Nairaland, linda ikeja and many others. They’ve all make their stand. The point is I have to be creative and think outside the box but I’m totally blank.
This is not the first time I will come across comments like that. A lot of aspiring Nigerian ecommerce and internet startups believe that establishments like Nairaland, jumia, deal-day and others have already dominate the scene in the country. It is a misconception. Their is no competition at all yet. In fact I think we are just getting started in the country. [click to continue…]
Few years ago, a fellow Nigerian, Abayomi, signed up for my internet marketing coaching program so he can start his internet business. About the same time, his friend also signed up for the same coaching program.
His friend quit few weeks into the program. Abayomi completed the program and set up few websites using wordpress development skills he acquired during the program. Unfortunately he couldn’t make money with his sites.
He frequently complain about the challenges faced then by Nigerians doing business online. Challenges like poor internet service, epileptic power supply, paypal, clickbank etc.
Little did I know at the time that he was actually processing his education visa to continue his study in Uk. He eventually got visa and traveled to uk. Before he left, he requested I continue to support him through internet. I did kept in touch with him.
After staying for almost a year in Uk he discovered that it is not the challenges he faced in Nigerian that stopped him from making money online. It got to a point that he almost quit. I encouraged him not to quit. We had a chat to re-strategize.
I introduced him to web flipping system. He tested the system by selling one of his website. He experienced little difficulty but it was a success. He later built other websites for instant flip. While using the instant web flipping system he uncover a challenge he experienced as a wordpress site developer. He choose to solve the problem for himself and other people too by paying a programmer $5,000 from proceed of his instant web flipping business. [click to continue…]
Yesterday, I wrote about Ankur in my article title: Hot Internet Marketing Trend – making money online without owing a product or list. When I made the post I didn’t know I was much more connected to him than I could imagine.
Early this morning, I got email from one of my student, Abayomi. In his email he said; “I saw your post about Ankur and I sent it to him, he like it. I guess he requested friendship via Facebook. I also gave him your email.”
You can see screen capture of their chat bellow:
Let me use this opportunity to correct minor error in my last post. I refer to Ankur as an intermediate internet marketer. I was little informed. [click to continue…]