Thursday, June 23, 2011

Some Random Ideas on How to Become a Billionaire

Many of the billionaires created wealth by consolidating their industry. For the rest of us, we can attempt to dominate niches and sub niches.

Look at new businesses in your niche and ask yourself what is new about this business? What is different about the product? What need does the product satisfy? What does the business you are observing do differently?

Building a list of customers (and other references, contacts, supporters, etc.) to sell to through your web site is essential. Some of your best customers and supporters may form a tribe or a cult for your business.

Entertainment is one budding entrepreneurs often over look. There are some billionaire entertainers and some that are able to live like rockstars (lol). If you can entertain, you could have a shot at a billion.

If you really want to be a billionaire, stay up and start researching keywords, your competitors, IM techniques, study the demographics (who are your customers?) and etc. Do some testing and see how well your pages and articles rank in search engines. If people contact you and ask buying questions, that is probably a good sign.

Even if you fail or decide not to launch your venture you have not wasted your time! The things you learn while doing your research, testing, and marketing is valuable sought after information. You can apply the same lessons over and over, usually.

In the early stages of your business, you want to shut out negative influences. Don't watch TV, listen to any negative people, and keep your idea under wraps until you are ready to launch.

Being in a Master Mind group is a great idea. With a Master Mind, you can get feedback, support, and advisers that hold you accountable.

If you are successful in your venture, or if you want to try another venture, keep researching.
Also, go to conferences and seminars and learn the how to's, ask questions, meet people, and see where your industry is going.

No comments: