Start An Internet Business - Guerrilla Business Intensive Seminar Singapore 2008
26 June 2008 12:17 am Personal Development SeminarI’m so excited to attend the Guerrilla Business Intensive Seminar by T. Harv Eker in Singapore. I have been talking about starting an internet business, all the mindset, beliefs and mechanics of it.
Through these few series of posting that I learn from the seminar, I wish to share with you, and also enhance your knowledge of marketing…
and most importantly, help your business to create massive wealth!
There are so much to learn each time I opened up a book, attend a seminar or listen to a piece of audio. What I will do here is just to share with you the key nuggets of gold that I pick up and can apply to my business.
One thing that really impacted me and open up my total vision of business is this principle of Guerrilla Wealth Tactics.
There are a total of 10 main principles in it, but I will only talk about 3 here:
1) 3 Intentions of Business
2) The simplest essence of business.
3) 4 Key Governing Factors of Business
Before we go into the details, just to let you know that all these 3 principles are universe law of business. Most importantly, they applies to any business that you are in, be it retail, entertainment, internet, F& B or even travel.
1) 3 Intentions of Business.
Let me ask you a quick questions, “what your purpose to be in business?” Most people would answer, “To Make Money”
I would answer that.
In the seminar, we learn about the 3 interntions of business, to make money in business is not specific enough. To be successful in life, we need to be specific, especially with what we want.
So we were taught of these 3 intentions of business.
1) To Create Amazing Working Income
2) To Create MASSIVE Passive Income
3) To Bring Up The Value of The Company
What does these 3 intentions talk about?
Simple!
If you have being a regular reader in my blog, you would always heard me emphasis on the part of objective or purpose.
The 3 intention of business is exactly the same.
What’s your 3 intention or purpose of going into business?
As Harv says…
To Create Amazing Working Income
To Create MASSIVE Passive Income
To Bring Up The Value Of The Business To Sell It…
This literally changed my entire perceptive of doing business.
In fact, the main reason I’m working on my launch of Runescape Top Secret Version 2.0 is to fulfil the 3 intention.
Let’s go into the 2nd Principle:
The Simplest Essence Of Business.
What do you think is the simplest essence of business? To you, what’s the simplest, basic form of business?
Here’s what we were taught…
To Buy Or Create And To Sell It!
Simple?
Think about that… when’s the birth of business transaction started?
Stone age…
Still remember movies or documentary or even story books of stone age people trading or exchange services or products.
That’s the most basic form of business.
Lastly, the 3rd Principle is 4 Key Governing Factors of Business.
Listen carefully… don’t think too hard…
High Revenue
High Profit
High Cashflow
Low Expense
If you are in business now, you can definitely relate to it.
Does revenue equal to profit?
NO!
Most business people, or internet marketer, would say they make $300,000 a year, or $30,000 per month.
However, if I got a chance, I would always ask this question, what’s your expenses in the business?
Only by knowing that number, I would able to know the net profit of it.
And that’s very very important, because that’s the money that’s putting into my pocket.
Make sense?
So, if you see a product launch of a system that shows you making US$30,000 per month, and one of the strategies is using Adwords or PPC to drive traffic…
Find out how much he’s paying for the PPC or Adwords ads in that month?
It can be US$5,000, US$25,000 or even US$35,000.
Yes! You can make a lost in that.
So, remember to always check out the details.
Ok, that’s it for today…
I’m all tired after 14 hours of seminar and loads of informations.
Check out my blog tomorrow.
I will blog every single day for the next 4 days of the seminar that I learn.
Tags: online marketing system, making money on the internet, web site marketing, start an internet business
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June 26th, 2008 at 1:08 am
Hi Roy,
You are great. Thanks for the commitment to post about this great event. I love to hear more.
If you could lay out the important key points of your learnings would be great!
My sister was there in the training and the most important thing she shared with me is
1. TO BE FOCUS (dont do more than 1 business at a time. Part time is ok as long as it didnt take away your main time for biz)
Love the 3 BIZ Intentions/principles.
Keep it up ! Roy!
Have a good day. Looking forward for tomorrow’s post.
June 26th, 2008 at 7:23 am
Dear Roy
Keep those posts coming! Wasn’t able to attend the event this time round and I know I am missing out big big time!
Shall look forward to all your learnings from this event every day.
Thanks for sharing!
June 26th, 2008 at 7:45 am
Roy, You are awesome! You must have give back home at midnight and wrote the post and posted it after midnight.
Thats really great. A great value for all readers!
Nishant
June 26th, 2008 at 10:16 am
Hi Roy,
Thks for your effort in blogging this everyday. I know how tiring it must be after 14 hours of enormous information. Looking forward to your next edition…
June 27th, 2008 at 1:44 am
Nicholas, that’s true! Most marketers are making this mistake constantly… including myself.
So, focus is always the key!
Thank you guys for your comments… keep them coming!
July 2nd, 2008 at 8:37 am
Hi Roy,
I can relate to that.
Nice to meet you there.