Monday, January 18, 2010

On Money

Whoops, I got a tad lax on my updates for a day or two...  Or how many?  Nevermind, it is far more important that I get back on the horse.

When things are popular, it is difficult to make money from selling them.  This sounds like a contradiction - if they are selling well, then how could you not profit?  The answer is simple.  People do not make money from selling things that are abundantly available.  they make money from providing goods or services which are hard to come by and in demand.

A significant way to make money is to provide something tha people didn't even know they wanted.  If you introduce a new good or service to a local market, it means that, though untested, you are embarking on new territory.  This is, of course, less profitable than a popular item, but the trade-off is worth the effort.  If successful, you will stand to make more than you have ever dreamed.

Money can only be gained by helping people and providing them with real value.  To be successful, though, you have to convince them that, for their money, yours is the most value.  That's not easy, but it's rewarding.

No comments:

Post a Comment