Posted on 12/03/2010 11:07:54 AM PST by Niuhuru
I believe the best way to become a millionaire is to learn skills in a niche market, for example. get certified in Phlebotomy and start your own office and then offer your services to a variety of clinics.
I'd like to hear other ideas from people on this forum who have ideas on how having certification skills can end up making you millions in the long run.
While the king is looking down, you steal his crown.
It’s good advice whether you want to open your own business or not. You can work for a large corporation, and it’s still possible to niche your way into being layoff-proof. True, the whole company may fail and take you with it, but it’s better than being a stationary target when they’re looking for somebody to pink-slip.
Sales and Marketing.
Every Entrepreneur (Small biz owner) MUST have these two skills.
1. Every customer has a need, but naturally has objections in his or her mind just because thats who we are. (Honest) Sales is knowing how to read a clients objections and take care of their concerns rather than just hard sell them and keep being pushy. Its good customer service to listen and aid the customer in their selection of the goods you provide.
1. Marketing - the act of making sure your company/product is in front of the RIGHT market and RIGHT clients and make sure your name is remembered when your industry is named.
Other ideas:
Federal “chokepoints” I.e. regulation, there are regulations that the feds have created that force businesses into compliance on a particular product service etc. Your company may offer a solution to that, or be the service provider for that solution.
Maslows Hierarchy of needs - Food Clothing Shelter Security Energy etc.
Find a niche within these companies and you’re doing ok.
Find a way to sell a customer time or money cheaper. By that I mean, they’re spending their time or money on X right now. They may need a way to save time or money by using your service or product. The more you save them the more you make. I.e. those people who offer rent at $100 cheaper than the house next door will probably have clients. Taco stand which sells for $.99 vs 3.50 for the same food.
Property Rights - Its all well and good that you provide X to your clients, but if someone can copy it, you can and will lose market share and sustainability as that product or service’s price goes down and competition goes up.
(i.e Microsoft, google, etc) vs. any old joe who can repair cars.
a few thoughts on how to succeed in this crazy economy...FWIW
How to Start an Online Business for $100
http://www.pcworld.com/businesscenter/article/153311/how_to_start_an_online_business_for_100.html
10 Reasons You Should Never Get a Job
http://www.stevepavlina.com/blog/2006/07/10-reasons-you-should-never-get-a-job/
Flippin’ awesome articles. :-)
Should be required reading for progressives - and should be taught in schools from age 5 and up.
self-ping
To make money: Hard work,discipline, focus, persistence, stop wasting time doing useless things like watching TV, sports, reading useless info. Stop procrastinating, be thrifty, work hard long hours, and save money.And above all THINK. Life is not easy.
bookmark
Politician (doesn’t matter what party is the quickest way to millions of untraceable dollars)
Find a public passion that is in line with your skills and tap into it. Then service, service, and more service. If you don’t know service all that well remember the Golden Rule. Excellent service will set you apart from competition.
For a while.
bttt
Maybe some useful reading?
This path is my everyday life. There are TONS of things I have learned, and plan to un-learn (Or re-learn) as I move forward. I’ll never have it 100% nailed down - and that’s good... because ...
1) You need to adapt. By accepting that you will never have it 100% keeps you light on your feet. No one cares about your up-times. They care (as you should) about your down-times.
2) Focus. This is the hardest thing to do. Yes, it is. I made “Enough money to pay my bills” for 2 years. I simply stopped. I did enough to get by, and felt intimidated by other steps to move forward. I find that capitalist greed helps here. I will work weekends to buy parts for my 1940 Dodge. It’s my personal drive.
3) Being too large to handle all of your customers is a problem that solves itself. Reach out and take on an assistant or someone who is interested but inexperienced. Place a lot of your work load on them, and help them to succeed.
4)Help everyone to succeed. My goal is not to bill my clients. It’s not to push some multi-thousand system. My goal is to make them succeed in their field. If they succeed, they will always turn to me looking for a new place to spend their money. I have had a 100% retention of my clients based on this simple principle.
5) BIG LESSON. Give yourself time to think. Don’t run yourself ragged. Give yourself time to be alone with your thoughts, and plan things through. Don’t be so hard yourself. If you continue to work yourself into burn-out, it’s like cutting down a tree with an axe. That axe gets dull. Take time and sharpen the axe. You don’t make money while sharpening your axe, but if you don’t then you’ll continue to degrade your performance.
Oh, and apparently I forgot to answer the question :
Most of my clients are looking for a cleaning company. They are looking for english-speaking, citizens who are accountable for their performance. No stealing, background checks, and with today’s smaller video-recorders, full accountibility of their time onsite.
This is simple. This is something that a TON of my clients are looking for. You don’t have to be a cleaner to start this business.
Agree You dont have to be a cleaner to start this business.
Here in Los Angeles you can’t drive five blocks without seeing someone selling taco’s of the trunk of their car.
Another of the things I would do now is vending machines in central Florida. Within a year, I could own a house. I met a guy in NYC who runs vending machines. That’s it. And there is a bit of saturation in that town. But you bet, he’s living QUITE well.
I have no clue what we're paying, but it must be worth someone's time...
Worked for me.
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