Featured Multimillionaire Entrepreneur #1: Goh Kai Kui, CEO of Goh Joo Hin
Posted by Sant Qiu in : News & Updates on November 10, 2009 , 4commentsThe 1st of the 10 featured multimillionaire entrepreneurs in our upcoming book, Niche Dominators: Success Secrets Exposed, is Goh Kai Kui, COE of Goh Joo Hin, a $110 million company that owns the well known brands like New Moon, Mili and many others.
He started from young, right from the bottom, and worked his way up the family business. When he finally took over the management, he introduced a series of innovations in his company and brought it up to the next level. Under his leadership, he turned Goh Joo Hin from a mere commodity trader into a global distribution and marketing company supplying 28 other countries including the Middle East, China, United Kingdom and Russia.
Goh Kai Kui, was awarded the Top Entrepreneur of the Year Award 2003 and also led his company on its winning streak, garnering prestigious business awards such as Enterprise 50, Singapore Prestige Brand Award–Heritage Brand Award Winner, Singapore Packaging Star Award, Superbrands and many more.
As a matter of fact, AC Nielsen reported that their flagship product, New Moon Abalone, is the #1 Best Selling Abalone brand in Singapore for the past 11 consecutive years.
He was happy to share his personal business strategies and experiences to contribute to back and benefit other entrepreneurs and business owners.
In our book he reveals how he elevate his company into an over $100 million business. He also talks about the importance of branding. A lot of people talks about branding without any real substantiation. Most of the time, they talk about branding in theory because it is such a huge and complex concept. But Kai Kui shares about branding from real experience with real results to prove it.
He explains the reason why branding is so important is because people have only split seconds to decide on which brand to buy. You don’t have time to explain your product’s features and benefits in front of your consumers. He further reveals some of his branding techniques.
He personally witnessed the huge impact branding can have. Normally a branding exercise will yield you result in one year or one and a half year. But in one of his early experimentations on branding exercise, he saw an immediate (as in within days) jump in sales. He shares the details of how he did it: the situation, the strategy he used (quite ingenious!) and why it worked. He also shares why differentiating is critical in achieving success.
In fact, he discloses a very rare insight on how he entered a new niche with very established and entrenched competitors. Many people told him that he was crazy to go into that niche. The competitors have been around for a very long time and are dominant in the market.
But he carefully analysed the opportunity and saw a gap that he could fill. (By the way, in another part of the book we share specific strategies on how to spot and evaluate opportunities) Based on the insight he got, he and his team came up with a very shrewd strategy to penetrate the market. It was a very bold but also very brilliant strategy. And within just a short period of time they managed to get a sizeable market share.
The niche? The Essence of Chicken (a health supplement product popular in Asia) market.
Frankly, that case study alone is extremely valuable and worth the cost of a full-blown seminar. But on top of that he shares more things such as why numbers are critical in business and how he uses numbers to run his business and many other powerful strategies and success secrets.
We definitely have learned a lot from Goh Kai Kui. The time we spent with him during the interviews to extract his story and strategies had been very rewarding. He is really rich with experiences and insights. And you’ll be happy to know we’ve captured a whole lot of that in the book. Personally, we think that anyone who read it will benefit tremendously from his open sharing.
Let us know what you think and leave your comments below.
Next: Another successful entrepreneur that is creating waves in the beauty industry.
How To Make Money With No Money
Posted by Sant Qiu in : News & Updates on November 2, 2009 , add a commentIt takes money to make money…
Making money with no money is cheating…
The rich gets richer only because they have money/capital to spend…
Excuse my French but what a load of bull crap!
That’s exactly the kind of mindsets or beliefs that are holding a lot of people back from actually making much more money than what they are doing right now.
So is it really possible to Make Money With No Money? Can you really make, not only money, but lots of money, starting with nothing? Absolutely! And it’s much easier and happening more common than you think. And you’re about to discover the secrets of how to do it.
Most people have the impression that there are some kind of secretive, stealth or sly methods that only the elite or the rich knows. Well, they are right… or actually half right. There are “secrets” that help those people to be able to make money with no money. BUT they are open secrets that are available to anyone who is really interested to know them. They are literally in plain sight. However, the biggest secret of all: You have to be willing to take action and do it.
Before I explain further, let me share with you a story:
An investor died and left 17 highly valuable gold bars to his three sons. In his will, the investor stated that his oldest son should get 1/2, his middle son should get 1/3, and his youngest son should get 1/9 of all the gold bars. But the sons didn’t want to cut up any of the gold bars as they were more valuable at the current sizes. They spent a long time trying to figure out how to divide the gold bars according to their father’s wishes in vain. So finally, they offered a reward of $1 million for anyone who can help them divide the gold bars.
An entrepreneur heard the news, went to visit a friend and came to them. He gave them a solution that divided the gold bars according to their father’s will, without cutting any of them. Do you know how did he do it?
The entrepreneur went to visit a wealthy friend who owned similar gold bars and borrowed one for a 10% of the reward money. He then met the sons and told them that he would like to lend them the borrowed gold bar to make a total of 18 gold bars. So the oldest son received 1/2 of 18 which is 9 gold bars, the middle son got 1/3 of 18 which is 6 gold bars, and the youngest son got 1/9 of 18 which is 2 gold bars. Since 9+6+2 = 17, the gold bars were divided according to the father’s will. The entrepreneur end up with the borrowed gold bar.
The sons were happy with the solution and rewarded him the $1 million as promised. The entrepreneur returned the gold bar to his friend and gave him 10% of the reward, which is $100,000. So the entrepreneur walked away with a profit of $900,000. He just made money with no money.
Of course it was just a story. But it underscores the critical core principle of how you can make money with no money - you have to add value to others. That’s it. It’s as simple as that. As I said, it’s an open secret. The entrepreneur added value to the sons and he added value to his friend who lent him the gold bar.
So as long as you stick to this principle of adding value to others, you can make money even if you start with nothing. Don’t believe the myth about learning some special sly technique to “trick” others to get money for nothing that is promoted by some people.
Actually this “secret” of adding value to others is so commonly known that almost everyone is already doing it. Anyone who is working for a salary is already making money with no money isn’t it? They didn’t put up any of their own money, yet they received money for providing a service.
Ok, but you’re looking for a way to make MORE money FASTER, right? I hear you. Well, the core principle stays the same - add value to others. But there are several sub-principles that build on the core principle that will accelerate things. Following are just 2 of them.
Sub-principle #1: The higher the value is perceived, the higher the payout.
If the value is high, the higher the price will be, which also usually means that there will be lesser people who can afford it. Luxury products and services belong to this category.
Sub-principle #2: The more people can benefit from the value, the more the payout.
Most mass market product and services belong to this category.
However, the 2 categories are not mutually exclusive. It is possible to offer a high value product or service that will benefit the mass market. When you offer that, you will make money hand over fist because it will come flooding your way. An example of a product in this category is life-preserving medicine. It has very high value as it helps people stay alive. At the same time, the masses can benefit from it. That’s why pharmaceutical companies are usually very successful.
This is how a lot of successful entrepreneurs started. They think about the value that they can offer to a group of people and then they take action to make it happen. As you might notice, having money is NOT the critical ingredient in this. What is critical is having the idea or the plan - identifying a value-add product or service for a specific group of people.
When you have that, you can easily approach others who has the resources you need strike up a deal, just like the entrepreneur in the story did with his wealthy friend.
In our upcoming book Niche Dominators: Success Secrets Exposed, I shared a couple more specific examples on how you can make money with no money. Also, some of the entrepreneurs we featured also started with no money.
If you have some experience on how you made money starting with no money, just an idea or a plan, share with us here.
Next: I will share the profiles of the highly successful entrepreneurs we are featuring.
Rising From Poverty, Driven To Success
Posted by Sant Qiu in : News & Updates on September 24, 2009 , add a commentThere is the general misconception that successful entrepreneurs/business people are those who come from money. Maybe their families are wealthy, they inherited large sums of money or maybe even got their capital from striking the lottery. In any case, they are lucky!
However, the fact is, a lot of entrepreneurs started out from less than middle-income and poor backgrounds.
Majority of the featured successful entrepreneurs in our book also started out poor. Interestingly, it is exactly because they started out being poor, it becomes a strong motivation for them to want to succeed. They were unhappy with their situation and was driven to do something about it. Instead of moping around, complaining about their poor lives, they made the decision to take concrete steps towards the lives that they want - a life of success.
Poverty becomes their push factor. And they are more hungry than the average people, that’s why they succeed.
On the other hand, there are also people who come from well-to-do background that succeed as entrepreneurs. What’s interesting is that, they are equally driven to achieve success. But a lot of times, their driving force is not based on wanting to achieve better lifestyle or get more money. Their personal goals are pull factors that make them equally driven to achieve their dreams.
So the bottom line is, whether you come from a poor or well-to-do background, what matters is that you must have a strong motivation to drive you to move forward and achieve your goals.
The specific reasons can be as varied as “making more money”, “creating better lifestyle for family”, “making a difference in the world”, “proving to others I can do it”, “to have fun”, “I want to be no. 1″, etc. It doesn’t matter. Just make sure that the reasons are big and strong enough to drive you and you’re passionate enough about them. The more strong reasons you have, the higher chances you’re going to achieve your goals.
So if you are not where you want to be yet, this maybe a good place to start. Seriously think and come up with at least 3 strong reasons that you are passionate about, that will drive to move forward towards your goal.
Another interesting point…
Literally all of the successful entrepreneurs started young! They all started in their teens or early 20s. We all know that Bill Gates, Steve Jobs, Michael Dell, Larry Page & Sergey Brin (Google founders), Mark Zuckerberg (Facebook founder) and many other very successful entrepreneurs started very young.
So if you’re still young, youth is your advantage. Make use of it!
And if you’re more mature, you’re wise enough to know that it’s never too late to start… right now. There are also many examples successful entrepreneurs who started very late in their lives. Colonel Harland Sanders who started KFC is one very well-known example.
More importantly, age is not a critical factor to success. The most critical factor is having a strong enough reason to achieve it.
Niche Dominators Facebook Page
Posted by Sant Qiu in : News & Updates on September 16, 2009 , add a commentHi guys,
We’ve just created a Facebook Page for our upcoming book Niche Dominators: Success Secrets Exposed, where Top Millionaire entrepreneurs openly reveal their money-making secrets. http://www.facebook.com/nichedominators
Imagine, what if…
- You can spend hundreds of hours with Top millionaire entrepreneurs
- You can ask them questions on how to achieve incredible success and soak up their wisdom
- They can become your mentors and unlock your success potential
As the saying goes, do what successful people do and you will get their kind of results. Now you can get exclusive access to them! Check out the page: http://www.facebook.com/nichedominators
What Do You Want To Know About Being Successful?
Posted by Sant Qiu in : News & Updates on July 19, 2009 , 6commentsWe are in the process of interviewing the top entrepreneurs who will be featured in our upcoming book. If you like our previous book Secrets To Dominate Your Niche, I think you will really love this one as well.
On top of having more strategies, tactics and great contents, we have full-length case studies from businesses that are doing over $1 million to those which are doing over $10 million to those that are doing over $100 million.
And I personally grill these CEOs. Over the years, they have done interviews with the media. So they are “trained” to give media-friendly, politically-correct, safe answers… But that’s not we want. We want the real hard-core truth. The exact mindset, strategies and tactics they used to get to where they are today… even if it’s all due to luck (highly unlikely!)
So I have to peel through layers of those safe (and boring) answers. In fact, a few of them were caught of guard with my dogged persistency by asking the same question many different ways in response to some media-friendly answer. (I can see their eyes expressed a little shock. They were probably thinking “no journalists have asked that questions before!”) But after a while, invariably, I got them to reveal the real gems. They shared with me things that they have not shared with any other interviewers before.
Here’s your chance…
So, since a huge reason for writing this book is for you, the readers, I’d like to give you the chance to ask these entrepreneurs your questions.
What are your 2 most burning questions you want to ask these top entrepreneurs about success?
Post your 2 questions in the comment box below and I will do my best to get them to answer your questions. Obviously, we already have a whole bunch of questions for them, but we don’t want to miss anything that you might have wanted to know. We will then include their answers in the book itself.
Cheers.
Niche Dominators Book Cover Designs… Your Thoughts?
Posted by Sant Qiu in : News & Updates on July 8, 2009 , 27commentsWe have been working on a few interesting and exciting projects. One of the exciting projects we are doing is a follow up of our National Bestselling book “Secrets To Dominate Your Niche” we published last year.
When we published Dominate Your Niche, we (my co-author, Thomas Fernandez, and I) were already considering to do our next book. But since we were both busy with our individual businesses we didn’t really put a timeline to it. However, since the release of Dominate Your Niche, we have been getting a lot of rave reviews and positive feedback about it. So we thought the time is right to release a follow up book.
With the new book we wanted to achieve a few objectives. Among them:
- share strategies on how to overcome the economic crisis and even profit from it,
- include more full-length case studies (a favourite among readers of our previous book),
- share more in-depth strategies on growing your business,
- show how to bounce back from set-backs, even if it is a severe one,
- and many more…
On top of that, we also wanted to do our part to encourage entrepreneurship locally and in the region. It’s our way to contribute back to the society. With that in mind, we set out and search for successful entrepreneurs in their niches. We invited them to be featured in our upcoming book. It is a win-win as we get to openly share their success secrets to the readers, while they get to expose their brand to the masses.
We are happy to have received wonderful responses from well-known entrepreneurs and brands. Some of them are over 10 million dollar companies. One is even over 100 million dollar company! We will share more about the companies in a later post.
But here, we would like to ask for your feedback. We have 3 book cover designs that we are considering. We’d like your opinion on them. I won’t explain too much on the reasoning behind the design as on the bookshelves, the general public will react just based on what they see, without prior knowledge of what it is about. So here’s how to judge them:
Imagine you’re in the bookstore and looking at the shelves. Which one grabs your attention and compels you to find out more/even buy it. The most important thing is attention grabbing.
Cover #1:
Cover #2:
Cover #3:
Let me know your choice (the one that GRABS your ATTENTION and makes you want to find out more/buy) by leaving a comment in the comment box below. It would be great if you can include your reasoning and additional thoughts/comments.
Looking forward to hear from you and thanks in advance.
Secrets To Dominate Your Niche Is A Bestseller!
Posted by Sant Qiu in : News & Updates on July 9, 2008 , add a commentIt’s been a while since I wrote. There have been so many exciting things happening that I can barely take a breather!
Since the launch of our book “Secrets To Dominate Your Niche” in late April, things have been crazy (in a great way). The book became a National Bestseller in just 12 days, while competing with big names like Robert Kiyosaki & “The Last Lecture” (they were released about the same time). In 19 days it became the #1 Bestselling Business Book in Singapore.
We’ve been covered in many mainstream media. Readers are also raving about it. It was great! We have been receiving requests to conduct talks based on the book. One reader even proactively brought the book to his country (Philippines) and organised a launch there! You can read more about the exciting developments here: www.SecretsToDominateYourNiche.com
There are so many other exciting developments… but for now I’ll keep them under wraps for a while longer. Just know that I’ll be putting out more valuable content right here!
