Speed Profit - How To Make Money Faster
Posted by Sant Qiu in : Speed Profit Secrets on October 22, 2007 , trackbackCan you make money faster? Can you double your income in less time? Can you explode your profits in the next few months? The answer is YES! In today’s market business success is highly dependent on your speed - How fast you can implement your ideas and create results. This means that you can easily make more money faster… by moving faster.
Let me explain.
As you already know, the world is becoming faster. Every minute a new technology is introduced in the market. And all these technologies make processes easier and faster, producing faster results. Just think back to the time when there are no fax machines, it took days to mail a letter. And if you were mailing someone overseas, it might take weeks.
In contrast, now with the accessibility of email, you can email a letter to someone almost instantly. And with Instant Messaging (IM) technology, you can be in touch in real-time.
Moreover, with the current speed of globalisation, the rise of the two great economic powerhouses—
The cliché is true! It is no longer about “the big eating the small”. It is about “the fast eating the slow”.
Unfortunately, most people still don’t seem to realize the changes that are taking place. In a rapidly changing world, it’s very dangerous to hold on to ideas or philosophies that are no longer relevant. A lot of entrepreneurs still believe in the obsolete business philosophy of “slow and steady”.
The “slow and steady” philosophy comes from Aesop’s fable “The Tortoise and the Hare”. You probably have heard of the story when you were younger. You might even believe in “slow and steady”. If you do, STOP! Remove that thought from your mind forever right now. The story was meant to teach about being focused, consistent and determined. It wasn’t meant to say it’s ok to be slow.
In this day and age, I’ll put my bet on the hare anytime. Today in the business world, being slow means a certain death. To succeed you have to be “fast and steady”. You have to work faster and smarter.
If you move slowly, the market conditions will have changed by the time you even decide to take your first step. The destination would have changed. You will need to adjust your first step to get to the new direction. BUT by the time you do that, the destination would have moved yet again… You find yourself forever trapped in your first step, helplessly watching others whizzing by attaining bigger goals with fatter profits.
Almost a decade ago, visionary entrepreneur Bill Gates wrote the book “Business @ the Speed of Thought”. Even back then he foresaw the importance of speed in business. That is why it is crucial for you to recognize the importance of speed in your success. There are many Speed Profit strategies you can use to easily speed up your success and boost your profits. I’ve helped my clients increase their profits AND increase their sales applying these strategies. In the next few posts I’ll be sharing some of these Speed Profit strategies and philosophies in detail.
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Hi Sant, I totally agree with you that the market is so fast nowadays & you can’t use the same trick over & over again. It’s the consistent innovation which will draw you away from becoming a face in the crowd. It’s about predicting the market movement & placing your trump cards in the right places especially if you’re an budding entrepreneur with limited resources.
Every businessman have their own favourite philosophies. Dennis Wee’s favourite philosophy is to maximise time efficiency to produce maximum results. I believe in constantly finding your niche market before the competition kicks in. I believe in selling the freshest products piping hot from the oven provided I access & predict the market demand.
Apply this in my real estate career means while other agents are trying to make their presence known in a specialised estate among the dog eat dog environment, I specialise in doing those pre sales launch projects & where the price are relatively low, most importantly of all, before those big dogs(developers) run their newspaper campaign. Because small dogs like us don’t have a marketing budget like them.
Luckily I attend “Mr Crystal Ball” Sam Gian’s quarterly market predictions to give me directions for my game plan. I am open to new concepts & ideas to increase my learning curve constantly & I can’t wait to attend your next seminar. Thanx.