Do more for others !
Anyone who’s become
truly wealthy knows the truth – the only way to become wealthy, and stay
wealthy, is to find a way to do more for others than anyone else is doing in an
area that people really value.
Tony Robbins
This is obvious a good advice. Almost all the companies that are well do something, solve something make life better for their customers. That is key. Companies that really think about making life better to the customer are doing very well.
Besides this advice i would give 3 others that really are a bit technical but make a really difference
1.Control your costs? be the cheaper provider of the service, buy your competitors and after buying them cut the costs
2.Create a brand. Make people believe that your product is more than really is.
3.Kill the competition.
Yes that is the most important, to operate in a market where you are alone.
There are lot's of ways to make money but to make real money there is just one way.
To kill the competition, to be the only one. That is the key. Bill Gates and Carlos Slim aren't the richest guys in the Planet because they are good. They are nº1 in their markets.
If you invent a better product the competition will catch up soon and replicate you. All the advantage goes to the customer.
I guess that is why Google & Amazon are doing so well. They are using the money they make to improve their offering in a way the competition can't match. The market is approving this strategy. They are slowly killing the competition. That is the smartest strategy to do. To do that you can't pay shareholders right now. later big time but not now.
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