Convergence represents the intersection between something you especially like to do or are good at doing and what other people are also interested in
To succeed in a business project, especially one you are excited about, it helps to think carefully about all the skills you have that could be helpful to others and particular
Y about the combination of those skills
Passion or skill + usefulness = success
Business:
Product or service: what you sell
People willing to pay for it: your customers
A way to get paid: how you’ll exchange a product or service for money
You didn’t go to the restaurant to learn to make a new dish, you went to relax and have people do everything for you
A better way is to give people what they actually want, and the way to do that lies in understanding something very simple about who they are
Helping their clients ‘escape and be someone else’ is far more valuable than offering horse ride
When you see an ad, ask yourself: what is the most important message the company is trying to communicate?
An inefficiency in the marketplace, new technology, a changing space, side project are a business opportunities
Value: something desirable and of growth, created through exchange or effort
Value means helping people, it relates to emotional needs
Dig deeper to uncover hidden needs
Make your customer a hero
Sell what people buy
Getting started now:
Decide on your product or service
Set up a website
Develop an offer
Ensure you have way to get paid
Announce your offer to the world
Basic website contain:
The core benefit that I provide for clients and what qualities me to provide it
Two stories how others have been helped by the service
Pricing details
How ro hire me immediately
Pick something you love and build a business around it
It’s usually easier to operate a busines while roaming the world than it is to start one
These days, a number of self published works have at least as good quality as do books from big publishers
Find a topic that people will pay to learn about
Combine your materials into a product: an ebook or digital package that can be downloaded by buyers
Create an offer. What exactly are you selling and why should people take action on it?
Business opportunities are like buses, there’s always another one coming-Richard Branson
Prioritizing ideas:
Make sure you are capturing all the ideas and writing them down
Find a way to evaluate competing ideas
Don’t think innovation, think usefulness
It’s important to get started as quickly as possible and why the first sale can be so empowering
Respond to initial results. After an initial success, regroup and decide what needs to be done next
Understand that what we want and what we say we want are not always the same thing
Most of us like to buy, but we don’t usually like to be sold
Just as what we want and what we say we want aren’t always the same thing, the way we place a value on something isn’t always rational
Provide a nudge to customers by getting them to make a decision. The difference between good offer and a great offer is urgency. Why should people act now?
The worst thing you could do for a launch is to open your movie without letting anyone know
Tell a story in advertisement:
An early look at the future
Why this project will matter
The plan for the big debut
Whoa, we are almost ready
Omg, here it is
The clock’s a ticking. It’s almost over. Here’s your last chance before you lose out
If you are getting positive feedback from people who don’t buy your product but want to support you in other ways, you are on the right track
You shouldn’t assume someone isn’t interested or won’t attend or won’t buy
The more you focus your business on providing a valuable service and helping people, the more your business will grow
It’s not about keeping score or trading favors on a quid pro quo basis, it’s about genuinely caring and trying to improve someone else’s life whenever you can
It may not be a sale or partnership, but building those relationships today always comes back around for new opportunities tomorrow
In the future, marketing will be like sex, only the losers pay for it
Spend as little money as possible and make as much money as you can
The first principle is that a business should always focus on profit. The second principle is that borrowing money or investing a lot of money to start a business is completely optional
Make more money:
Price your product or service in relation to the benefit it provides, not the cost of producing it
Offer customers a limited rsnge of peices
Get paid more than once for the same thing
Adopt a fewer sales, more money concept.
Hold a contest, some people become extremely motivated about contests and giveaways
Ironically, people who pay for high end products tend to be better customers all around
Have a welcoming space in the showroom and a great display and great photos online
Raise prices regularly
Before my price increase, i was worried that no one would hire me again. After the price increase, I realized how easy it was, and i wish i had done it sooner
Outsourcing increases freedoms and allows a business to scale without the owners doing everything themselves
Fix little problems and identify small actions you can take that will create significant results over time
Partnerships and outsourcing can be a good way to build some businesses, but relying on someone else doesn’t always work out as planned
Nothing will work unless you do- maya angelou
I own my business. The business doesn’t own me
You know the right thing to do, but you let somebody talk you out of doing it
Regardless of which path you take, as your project grows in scope, you can find yourself spending all your time responding to things and little time actually creating anything
Your time is limited, so don’t waste it living someone else’s life-Steve jobs
External concerns tended to relate to money and a changing marketplace
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