CHf

3 Things Successful People Choose To Do That Poor People Do NOT

success

You’ve probably come to a point in your life wherein you’re wondering why other people have gone ridiculously successfully why some remained otherwise. With all the things that constitute a person such as financial means, education, childhood, talent, as well as skill – it seems that most of us are anything but equal.

So what makes others successful? Could it be the people that they know? Their high profile connections? While this can be true, it actually boils down to the fact that successful people do what an average person would not be willing to do. If you fail to get the gist of what I’m saying, then let me elaborate further.

Some of the most successful people and leaders regarded in our generation right now include Mark Zuckerberg, Brian Tracy, Anthony Robbins, and Zig Ziglar. We also have celebrity entrepreneurs in the likes of Sir Richard Branson as well as Oprah Winfrey. There are also countless nameless and faceless people in the society that we take for granted but are also very successful in their own rights. And the common denominator among all these people, regardless if they are famous or not, is the fact that they do the things that other people would never want to do. These are the same people who do the things that other people consider as time-consuming, unnecessary, too hard, or dull.

So do you also want to be successful? So here are some of the things that successful people do in order to maintain the level of success that they have but other people fail to do. You, too, can be successful just like them as long as you follow these steps.

Successful people create a routine

People who are successful have a daily routine that they follow. Most of the time, they wake up on a specified time (usually earlier compared with others) and follow a “to do” list. Their routines are considered to be non-negotiable, thus, barely disrupted by any distractions. For most people, this is just a routine. But for them, it is a way of life.

Successful people condition their mind continuously

This is often seen in most successful people. They all nurture their mindset with positivity all the time. They do not allow negative thinking to get the best of them. They make sure that they only nurture positive thoughts and do away with the negative ones. They do this not only by changing their mindset and perspective but through learning like reading books and listening to inspiring audiobooks.

Successful people have high standards and they follow it

As Anthony Robbins once said, “for one to be able to be successful, one must continuously raise the standards”. These people already have high standards but yet they even set the bar higher for themselves. While unproductive people are typically too scared to take a leap of faith, successful people, on the other hand, are willing to take calculated risks and reach higher into the stars.

CHf

3 Simple Ways To Think Like A Self-Made Millionaire

za

image via Shutterstock / Tom Kuest – Fotograf

A lot of people think that becoming a millionaire is simply a matter of coming up with a great business idea or working your way to the top of a fortune 500 company. What they don’t realize is that many people who earn upwards of 100k per year are still living pay check to pay check.

The road to financial independence is not based entirely on your income; it has more to do with how you think about money. This article lists three key components that are very necessary to the millionaire mindset. Mastering them isn’t guaranteed to make you rich, but it is certainly going to get you on the right path.

• Identify Avenues for Additional Income

The vast majority gain their living by working an occupation. This is a case of an active income. You need to go to work each weekday, on the off chance that you need to keep on earning. In case you decide to quit going to work, you quit the flow of income. Your wages are constrained by the amount you can work. For the vast majority, creating automated revenue is a basic matter of making some monetary ventures. Putting resources into the right stocks or bonds can gain you profit each month, without requiring any immediate association on your part. Numerous businessmen search for different avenues of easy revenue, for instance, venture properties that are leased through an administration organization.

• Don’t Fear

Fear can kill a person. No successful businessman ever became a millionaire or billionaire with fear in their minds. Risky investments and executive decisions have to be made in order to guarantee success. Yes, going over the board and making illogical decisions is absolutely not preferred but this does not mean one cannot think out of the box.

• Live Below Your Means

It doesn’t make a difference in the case that you make $20 thousand every year or $200 thousand, it’s vital that you live beneath your means. Individuals have a characteristic propensity to begin spending when their wage increments, however, you need to spare whatever cash you can. Begin today. Regardless of the possibility that you can just spare $10 every month, it will be a start. Next time your wage expands, whether it’s a raise or one of your ventures, attempt to add this cash to your reserve funds, rather than spending it updating your way of life.

To conclude, the following steps are not guaranteed to make one an instant millionaire but if followed consistently and with diligence, can become the basis or platform for success down the road.

One has to evaluate and identify their decisions in order to be successful and make the most of the knowledge and resources available to them.

CHf

This Man Bought A $100,000 Watch As A Marketing Experiment. The Result Was Mind-Boggling

Would you buy a $100,000 watch to conduct a marketing experiment? Well, this man did!

Let’s face it; most people like to associate themselves with luxurious, expensive and exotic things. A Panerai watch costing $6,000, was given as a gift to online marketing guru Neil Patel and though he doesn’t like wearing watches, he decided just to wear it one day.

He was walking through the TechCrunch office wearing the watch when one of their writers asked him if he was wearing a Panerai watch. When he said yes, that reporter befriended him almost immediately.

The watch not only helped generate media buzz, but it also enabled him to close some good business deals.

Photo from Quicksprout

That said, he decided to push things to another level further by buying a $28,000 watch this time. Neil is not really a fan of expensive watches; he just bought this one because he was curious to see if it could bring any more business deals.

Unfortunately, the watched bombed because it was too flashy and in fact, he was actually looked down upon by a few entrepreneurs.

Screenshot from Quicksprout

He decided to do further research on what type of watches impresses big-time entrepreneurs, and he eventually discovered that the watch brand Patek Philippe was regarded favorably. This led him to spend $50,000 on a Patek watch even though he uses his iPhone to see what time it is.

Within the first 30 days of wearing the watch to meetings, he generated no income from it. It seemed as if no one even noticed he had the watch. The trend continued onto the 90th day. The watch didn’t help him win one single business deal.

Luckily, he kept wearing it though, and on the 4th month, he met a 70-year-old Jewish man while having breakfast at a New York restaurant. They were both eating breakfast by themselves, and he commented on his watch.

The man asked Neil if he would like to join him, and Neil accepted the offer. Within minutes Neil discovered that he was a Patek Philippe collector and owned over 20 of them. When Neil asked him what he did, he mentioned he owned a lot of the commercial real estate in New York City and Brooklyn.

After chatting for an hour, they ended up trading contact information, and within a month he signed a contract with this man’s company for $500,000 a year – all because he spotted Neil’s watch across the room and saw it as a sign of him being a successful entrepreneur.

 

Screenshot from Quicksprout

Once he landed that contract, Neil decided to take things to the next level and spend $100,000 on a watch! So he bought a much more expensive Patek watch.

Neil said that during one of the events he attended, a private equity manager, who oversees $10 plus billion dollars, spotted his watch and struck up a conversation with him.

They ended up exchanging contact information, and within two week time, he was scheduled to pitch a $1,200,000 marketing contract to his firm. Safe to say, his marketing experiment, although bold and risky was able to gain him amazing leads.

The Takeaway

Most of the time in business you need to spend money to make money. Neil Patel’s marketing experiment is proof of this. The man Neil met in the restaurant probably wouldn’t have paid attention to any watch worth less than his Patek. But then again, not everyone has the money to pull off such an outrageous experiment right?

It’s clearly vital to try and build the image you want to portray to potential business partners or clients. Sometimes if you want to succeed and you’re not there yet, you just have to fake it first until you make it.

Editorial credit on top photo: andersphoto / Shutterstock.com

CHf

Five Basic Online Marketing Tactics That Are Guaranteed To Supercharge Your Business

Let’s face it; internet marketing is becoming an integral part of most of the businesses today.

If you want to ensure that your company holds a strong position in your market, then using web marketing in the right manner becomes essential. Running a business in the 21st century is not a piece of cake and requires immense effort, hard work, and creativity. To attract consumers, nothing works better than effective marketing and no other marketing medium is better than the internet of course. Below are some examples vital internet marketing techniques that are guaranteed to give more money in your pockets.

1. Less is Actually More

Fortunately or unfortunately, most of the people today are not into reading. They would not even enjoy longer videos or messages; therefore, it has become very important to keep everything concise and straight to the point. By doing this, your message will reach a wider number of audiences and will be more impactful as well. For example, instead of writing a 200-word article about online marketing – why not create a 2-minute video instead?

2. Make People Come to You

SEO (Search Engine Optimization) is a methodology of strategies, techniques and tactics used to increase the amount of traffic to your website by obtaining a high-ranking placement in the search results page of search engines such as Google, Bing, Yahoo and many more. In a nutshell, it’s making your website “Google-friendly.” It never goes out of fashion and neither does it fail to be an effective marketing strategy. Making people themselves come to your company, service, or product is one of the strongest moves one can make while being in the industry.

3. Adopt Diversity in Social Media Marketing

Relying only on just the social media giants is not a good option at the end of the day. Although biggies like Facebook and LinkedIn do provide your company with a very strong platform, you should never forget the emerging entities which have managed to gain a significant position in the market. With options like Instagram, Snapchat, and Pinterest in the market, you need to clearly become familiar with the nature of your business and use the right kind of social media platform for marketing it.

4. Mobile Friendly Content is a Necessity

Laptops and personal computers have taken a back seat with the advent of Smartphones. There is nothing that cannot be done with the help of your thumb; therefore, more and more people go for this convenient way. If your website is not compatible with mobile then you are missing out on putting more money in your pockets.

5. Videos are a Instant Hit

Short and meaningful videos will promptly click with the audiences and will give away a lot of information in a limited time which other means are not able to deliver. If your video manages to talk about the most important points in an effective way then it will be able to make you reach wider audiences in a short time.

Internet marketing is available to everyone who makes it essential to be unique and different in its use. Come up with strategies which are innovative and I guarantee that it pave new paths of success for your business.

CHf

90% Of Startups Fail: Here’s 3 Of The Biggest Reasons Why

Let’s face it; starting your new business is never easy because you’re investing time, money and resources on a ‘hunch’. In a nutshell you’re investing on something that may or may not actually work out in the end.

While most people would like to gladly work for themselves so that they can control their own their own time, not everyone has the will nor the patience to follow through with it though. Studies show that in average it actually takes around 5 years for any new business to just break even, basically you’re more likely to see any profits on your new venture after 5 years have passed which of course sounds like a bloody long time for any budding entrepreneur!

Of course, this is not always the case because a lot of entrepreneurs do reap profits almost immediately after they put up a new business – especially those entrepreneurs that provide service rather than a product. But typically, you are supposed to be looking at 3-5 yeas before you can start seeing any real profits so you really need patience if you want your business to stick around.

Now if you’re a budding entrepreneur who is interested in starting a new venture, then here are three crucial mistakes most people make that you should be aware of:

1. People don’t do their homework

The biggest reason most entrepreneurs fail is because they don’t do their homework.

The moment they come up with a good idea they want to get things going immediately without enough research or background work on this idea which of course is a big mistake! A good idea for a new business is a good start, but it is imperative that you do your homework though.

You should be asking yourself questions such as: Who’s your target market? Why would people buy your stuff? What makes your business unique? How will you market your new business? What sort of capital and resources would you need to get things going? How will you make the business grow?

There is no possible way any new business can succeed without proper research and background work. Keep in mind that Rome wasn’t built in a day; it takes time and perseverance for any business to grow. Just make sure you do your homework properly so that when hiccups start to show, you’re more than ready to tackle it head on!

2. People are afraid to take a risk

It’s quite simple really, no risk – no reward. The higher the risk – the higher the reward!

But in saying that though, keep in mind that you need to take “calculated risks”. Make sure you won’t get stuck at a point where you have zero dollars in your bank account because you have invested everything in the new business. Remember, it may take a while before you start seeing any profits from the new venture, what if it takes years and years before you start seeing any profits? What then?? Are you going to live on virtually nothing until the new business “potentially” starts making any real money??

Don’t be afraid to take any risks, but in saying that, just make sure they are calculated.

3. People don’t network

Your business will never succeed if you don’t know how to network and connect with others.

Start mingling with people who are actually successful in their businesses and learn from their experiences. Start going to functions and events and start connecting with potential sponsors and investors within your field. Networking is one of the key components in any new business, the more you network the bigger your database gets and the more people you attract to your business.

It’s simple really; you have to prioritise building relationships rather than making money because if you focus on building relationships first then money will eventually follow.

CHf

3 Stress-Free Tips On How To Run A Financially Stable Business for Emerging Entrepreneurs

Secured funding is one of the major feats for every business, which requires expertise in thorough planning and analysis. However, an emerging entrepreneur can only see the real value if he makes use of the initial support he has and turning it into a long-term growth by means of doing an initiative to transform sustainability.

Financial stability is very important. Without it, brands and businesses lack a solid foundation to cater their business endeavours such as revolutionizing product lines, expanding storefronts geographically, or creating new investments into packaging and shipping for an enhanced customer experience. This is very true to emerging businesses.

Emerging entrepreneurs have a tough job in transitioning pioneer funding resource into companies having verified equity. If you’re just starting up then you need to know that in order for your business to prosper, you have to change from you simple selling idea into thinking about your whole business model and looking into a tangible financial plan.

Here are 3 tips for you on how to run a financially-stable business as a starting entrepreneur:

1. Develop your Clear Vision and Path to Profitability

As an entrepreneur, it’s essential for you to have strict principles when it comes to finance because it will govern your incoming as well as your outgoing spending. If you’re planning to seek capital by means of funding, there’s a need for you to demonstrate your anticipated ROI too investors and add detail as to where your expenditures will be going.

You should give an explanation on how you decide to manage all receivables and cash. You should exhibit a firm and clear vision on how you can become and remain positive in terms of cash flow. “Building your business” is not enough as a financial plan if there’s already the involvement of venture capital funding and private equity.

2. Make use of Investors to Increase your Financial Viability

Thinking about your own finances is an utmost priority for you as an entrepreneur but it’s also equally important that you critically think about your partners’ and investors’ success because they’re the ones backing up your business’ growth. It’s a sign of good partnership if you’re able to make decisions having them in your mind. By helping your investors and partners, you’re also given the chance to ask help as a return of the favour.

3. Make Stable Hiring Decisions

Shortcomings are hard to admit but as a smart entrepreneur, self-awareness is your mark on focusing on your business’ financial future. Other successful entrepreneur’s expertise and experiences are best in avoiding the waste of essential financial opportunities. It will be very impressive if you can better understand leveraging finances. Be smart in bringing in executives; better if they’re already successful players in the industry.

Running your business as an emerging entrepreneur is not all about money but the proper management of your finances is an integral key to the long-term success of your business. It’s good to make investments and smarter in making financial decisions on advertising spend, customer acquisition, costs, and strategies for liquidation.

CHf

Five Must-Know Tips To Start Your Business With Little To No Capital This 2018

‘I want to start a business but I don’t have the means’, says the entrepreneur-wannabe that resides within you. Most of you are taunted by the idea of shifting from the typical corporate slavery to the empowering realm of entrepreneurship. Commonly, you fear the possibility of losing job security and you are not financially stable enough to carry out a big plan like running your own business. Apart from these, you are also crippled by the thought that you don’t have the financial resources to ditch your crappy boss and become your own master. Apparently, all these are just myths designed to encapsulate you in your cowardice by settling into mediocrity. The truth is – there is promise amidst the uncertainties. You just have to be brave enough to embrace it while making use of all your skills, your marketing and sales knowledge, and your good work ethics.

Now you can take heed of all entrepreneurship advices from successful entrepreneurs, but when you’re sitting alone, torn between the amount of money in your bank account and your tedious pile of office work, remember that the following guidelines do not require big investments.

#1. Know your target market and create something

While creating something does require some money to fulfil supplies in order to fill your inventory, the products you create can always be priced more than the actual cost. Better if you are an artisan as online platforms are sweet spots for handcrafted items, for example Etsy and the newly launched Handmade at Amazon. Both have their advantage and disadvantage. While Etsy’s listing price ($0.20 USD per item) remains inexpensive compared to Amazon, the latter has a strong foundation in terms of online selling and attracting traffic. Either way, both have their strengths and weaknesses, it just depends on how you market your brand to your target market.

#2. Master the art of reselling

Holding garage sales in your own backyard is a cost-effective way to earn income. Have the freedom to rummage through various thrift shops and/or flea markets near you for unique items that you can resell either online or in person. Should you decide to take the route of online selling, consider the convenience of drop shipping which is a retail fulfilment method that allows you to sell items without even touching your products. The process begins when you purchase your products from a manufacturer and let them ship it directly to your buyers. This definitely enables you to launch your own ecommerce store with very minimal capital and low overhead expenses.

#3. Bank on intangible capital – Skills

No money? No problem! Earning extra income through your talent and skills is another revolutionary way to break into the entrepreneurship realm. The variety of services that you can sell is almost limitless. Can you write, babysit or even be a personal assistant? If you answer yes to any of these, stop vegging out in front of your TV and slowly carve your way through financial stability. While this is not a cake walk due to a large pool of services out there, ensure that you have a competitive advantage that can make your service distinct from the rest. This is where branding comes in but promoting your services through Upwork, Elance, or Craigslist will definitely be a good start.

#4. Try outsourced services to build up your business

We all know that brand exposure is critical especially when starting up a business. You may need ad campaigns or to build relationships within the industry you’ve chosen in order to establish your brand. To make it happen, your logo, website, and other online representation should reflect the image that you want to portray. When you hire designers, take advantage of outsourced designers that you can find on various talent sites and websites such as Fiverr, Upwork, or Elance. You’ll be surprised at how much you could save without sacrificing your desired quality.

#5. Enjoy free advertising through effective use of social media platforms

When you seize the power of social media advertising, take full advantage of it and use it effectively. Twitter, Facebook, Instagram, and Pinterest are currently leading the list of traffic generators in terms of brand promotion. Analyse the analytics and utilise it to reach out to your target consumers. When you discover their social media behaviour, it gives you the edge to speak to them lucratively through your brand. Learn how to engage other users and they will surely keep coming back to your page which will lead to increased traffic that will eventually yield high conversation rate.

Feeling confident enough? You don’t always have to break the bank. Sometimes, all you need is the drive to ignore the negativity and just dive in with a solid plan. While starting up a business is definitely not an effortless task, one day your sweat equity will pay off.

CHf

Top 3 Reasons Why Most Businesses Fail Miserably While Others Succeed

Let’s face it; starting your new business is never easy because you’re investing time, money and resources on a ‘hunch’. In a nutshell, you’re investing in something that may or may not actually work out in the end.

While most people would like to gladly work for themselves so that they can control their own their own time, not everyone has the will nor the patience to follow through with it though. Studies show that in average it actually takes around 5 years for any new business to just break even, basically, you’re more likely to see any profits on your new venture after 5 years have passed which of course sounds like a bloody long time for any budding entrepreneur!

Of course, this is not always the case because a lot of entrepreneurs do reap profits almost immediately after they put up a new business – especially those entrepreneurs that provide service rather than a product. But typically, you are supposed to be looking at 3-5 years before you can start seeing any real profits so you really need patience if you want your business to stick around.

Now if you’re a budding entrepreneur who is interested in starting a new venture, then here are three crucial mistakes most people make that you should be aware of:

1. People don’t do their homework

The biggest reason most losers fail is that they don’t do their homework.

The moment they come up with a good idea they want to get things going immediately without enough research or background work on this idea which of course is a huge mistake! A good idea for a new business is a good start, but it is imperative that you do your homework though.

You should be asking yourself questions such as: Who’s your target market? Why would people buy your stuff? What makes your business unique? How will you market your new business? What sort of capital and resources would you need to get things going? How will you make the business grow?

There is no possible way any new business can succeed without proper research and background work. Keep in mind that Rome wasn’t built in a day; it takes time and perseverance for any business to grow. Just make sure you do your homework properly so that when hiccups start to show, you’re more than ready to tackle it head on!

2. People are afraid to take a risk

It’s quite simple really, no risk – no reward. The higher the risk – the higher the reward!

But in saying that though, keep in mind that you need to take “calculated risks”. Make sure you won’t get stuck at a point where you have zero dollars in your bank account because you were such a dumbass that you have invested everything in the new business. Remember, it may take a while before you start seeing any profits from the new venture, what if it takes years and years before you start seeing any profits? What then?? Are you going to live on virtually nothing until the new business “potentially” starts making any real money??

Don’t be afraid to take any risks, but in saying that, just make sure they are calculated.

3. People don’t network

Your business will never succeed if you’re a loser who doesn’t know how to network and connect with others.

Start mingling with people who are actually successful in their businesses and learn from their experiences. Start going to functions and events and start connecting with potential sponsors and investors within your field. Networking is one of the key components in any new business, the more you network the bigger your database gets and the more people you attract to your business.

It’s simple really; you have to prioritise building relationships rather than making money because if you focus on building relationships first then money will eventually follow.