Do you have a problem with money staying in your hand long enough? Or maybe it comes once in a while and once it is gone, it just doesn’t come close for so long until when all hope seems to be gone, and then it appears?
Look, this is a very common experience with a whole lot of people I have discussed this matter with over the years.
I have also had my pinch of it too until I realized “How Pretty and Soft-hearted money seems to be in the hands of those who understand what it really wants.”
A few years ago, I saw my breakthrough with making money, and all that kept coming through my head was basically Spend! Spend!! Spend!!!.
Don’t get it wrong…… For the good reason,s I must say.
And these reasons looked more like I was doing the right things.
For example, hiring people and paying them for jobs that do not impact the bottom line of the business.
Renting a gigantic office at some extraordinary cost…..
Giving some helping hands without finding out what exactly they use these monies for.
Trusting people with my money at face values etc.
The fact is, all of these matters as much as its opposite.
What I mean is this. There is nothing wrong with spending for those wants or needs, but if it’s not at the right time and for the right reasons, you are going to get your fingers really burnt.
As I was about to start a coaching program with one of the best financial experts in the world, I was given a 60-minute consultation first before I started the course.
And these areas of interest were the subject matters to be discussed; Leadership; Management; Branding; Sales, Marketing; Finance; and Delivery.
While on Finance matters, I raised a question about why money tends to disappear from me easily and what I should do about it.
Today, I would love to share the 5 Money Tips I learned That Will Change Your Life Forever If Only You Adopt It.
Are you willing to learn?
Alright, let’s roll.
If you are having a tough time about how to raise or start a business, so you can have money to take care of your needs/wants, I need you to just think about these 5 very important tips because it will be able to smoothly transform your life from constantly being broke.
Bearing these tips in mind can change how you view how money is being made. You could use these tips to make the coming months and years the best ever in your life:
TIP No. 1
If You Want To Have A Million Naira/Dollar, Solve Problems For One Million People.
The amount of money you get is determined by the number of people’s problems you are willing and able to solve.
Note that, money follows value creation. Nobody gives you money until they are convinced that you have a solution to a very pressing problem they have and that the problem needs an urgent solution.
So, what are you doing right now?
How does it relate to the common problems around you? How many people have the problem in question? How best is the value (Solutions) you have that will solve these problems?
You are about to end 2019. If you’ve not been able to identify that one problem you need to start solving, then you have to dig deep.
If you have a business and your business isn’t solving problems, then you need to retract and take a dip on it again.
Furthermore, if you already have a business that solves a problem and you are not getting the kind of numbers, it probably may have to be the next tip I am about to share here with you.
So go over to the next…….
“Become a problem solver and you will be smiling to the bank always.”
TIP No. 2
If You Already Have A Solution, Then Make Sure You Craft The Perfect Pitch You Will Use To Create An Irresistible Offer.
This is one major challenge you may be facing. It limits you from making the kind of money you should be making even when you have the best product or services in the world.
You must note that nobody will buy anything from you because they like you after all nobody wants their money to go out of their hands without getting something in return.
The money tip for you, if you want to make money and have a great impact on whatever problem you are solving now or maybe later is to craft a powerful pitch that when those with the problems listen to you, they will have just no reason to say NO, or “Let me think about it.”
Crafting a sales pitch is nothing too big. It is just about listing out the PROBLEMS & HOW YOUR PRODUCT/SERVICE solves those problems.
You must get your pitch down and create value in your offer. It must become so good that people can’t wait to give you their money.
The next tip is another problem a lot of business owners or people who want to make money from selling products or services face almost on a day-to-day basis.
It’s very okay to craft a super converting sales pitch and put it out there for the million people. But that’s not all…..
There is more to it and you should know about it too.
I will talk about this in the next tip.
TIP No. 3
If You Want To Increase Your Money, Always Sell………
Have you experienced a difficult time after spending all your money to invest in a business and then, there is no one asking to buy from you?
Don’t worry….. I know how this feels too.
You know what? It is an excellent thing to know that your product or service will solve a million people’s problems. It is also very exciting to craft a powerful pitch and put it up there for those with the problems to see and buy from you.
But what if you’ve done all of these and had gone ahead to spend some enormous amounts waiting to start reaping and no one calls or visits your store to buy from you. That’s definitely a very worrisome experience for business people.
The solution is simple. You’ve got to keep selling………… Period.
Do you know why?
Statistics have shown that for every pitch, it takes an average of 8 minimum follow-ups for your potential customers to take that decision and buy from you.
So, where it becomes necessary for you to keep selling to that particular customer for 16 times more, just keep doing it.
Note in your mind, that it is difficult to spend monies, and people need a full conviction to buy your offer.
When you fail to sell consistently to them, they tend to forget and go for something else that looks almost like yours.
Furthermore, you need to balance your spending approach especially as it bothers on advertising as that may seem like the most important reasons why you need to spend at a time when you have a product that isn’t selling.
There are actually cheaper ways to get your products to your customers and you must learn those skills. For example, Social Media Platforms like Facebook, Twitter, Instagram, etc are doing a very powerful job in this regard.
Just learn how to create contents and you will be cutting down the cost.
Finally, bear in mind that for more monies, you must make more sales.
Simply put “Sell To Survive.”
Let’s talk about the next tip and I am sure, that matters a lot to you too.
TIP No. 4
If you must know one thing about more money, then take this down – “Increase your income streams.”
It’s not the quantity or quality of problems in your hands to solve, neither is it about the number of sales that you make per time. It is about the number of people that you are willing to solve problems for.
This is the more reason, why you must learn to increase your streams of income (diversification).
The fact is, there are countless problems every day that are in dire need of various degrees of solutions.
Let me give you a clear instance here.
Assuming your business involves selling chicken, you could also explore egg sales or probably go into Beef sales as well.
On the other hand, you could explore selling health products for poultry owners or even feeds.
If you decided to extend beyond your niche into other niches that have huge population and potential, then make sure you are prepared to handle the distractions too.
Look and hear me out now.
As much as that business seems dicey now, you must always create more income streams to support draught for anyone of it.
If there is a slow rate of conversion in one, the other should be able to support your continuity.
The good thing about all of these is that you can actually manage all these businesses from the comfort of your room.
Have you read my book on “HOW TO START A BUSINESS WITHOUT MONEY.”?
I talked about this there too.
Don’t stick to just one stream of income…. Increase your streams of income. It may be within the same product or even other niches.
What is most important is for you to understand the workings and how it supports these million people’s problems.
And finally, I want to talk about another tip you must stay clear of to avoid losing grip of money.
TIP No. 5
Don’t Allow Someone Else To Set Your Goals.
Have you heard about DIY?
Its full meaning is “Do It Yourself.”
There are so many things I have come to learn about money. And this one stands out a million times.
The fact is, nobody cares about you.
Nobody is interested in what goes to you.
Nobody will take that bullet for you.
If all of these are then true, it means that you must always DIY the things that can protect you from being thrown overboard.
It starts with the amount of money you want to make.
If you want to solve a million people’s problems, then you must learn to set your goals for yourself.
Don’t let anyone set your goals for you.
A clear understanding of your goals is what drives you to achieving it.
Even if you have to get people to do the task, ensure that the goals are set by you and that they all follow your goals or get out of the line to avoid distracting you.
Let me make it clearer here.
If you want to make N100 million next year?
Take your time to list out the problems you need to solve to get this money.
Identify the population of people having the problems and ensure the list is as much compared to the pricing to get you that amount.
Go ahead to identify the already existing problem solvers, what they are doing and how you can do it differently (These products or services must be more convenient for the users, more affordable, etc.)
Identify other strategies you are going to use to get to these million people so that you can solve their problems.
All of these and more are GOALS you must set and it must come from you, not anyone else.
Never, ever let somebody else influence what you can or should do for the year.
It’s been said that “If you can dream it you can achieve it.”
Once you know the amount, then set the strategies you must use.
And go after it every single bit of the way.
It’s all yours to achieve. Anyone supporting you might just be your needed support to achieve your dreams.
Take a sneak peek of the book I wrote below.
WATCH ME WALK YOU THROUGH HOW TO START A BUSINESS WITHOUT MONEY WITH THIS 4 SIMPLE STEPS
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Be Great, Nothing Else Pays.