Jul 18, 2010

Are You Ready to Pay the Price

A man walks up to a travel ticket office and asks for a ticket. What do you think he will get a ticket? No.

There are certain questions he has to answer.
Where do you want to go?
Which date ?
Morning or evening?
Which class?

And finally when he answers all these questions, he is asked to pay the price. Obviously, the man will inquire about the price and will always look at ways where he can pay the minimum and can get the maximum. He decides how much can he pay and is it worth paying.

In our life also we are undertaking journey to various intermediate destinations.
Now imagine if the god is sitting in the travel office and asking you the same questions. Do you have the answers to those?

There are 4 kinds of people
1. Those who do not know where they want to go
2. Those who want to go somewhere but not sure on where? When and How?
3. Those who have decided where, when and how but are either reluctant to pay the price or the circumstances create obstacles for some time due to which they have to keep revising the when and how.
4. Those who have decided and are ready to pay the price. Even if the circumstances poses obstacles, they will find out ways and means to overcome the obstacles.

In our life, we too have to make decisions and should be willing to pay the price.
The most common example is when you ask a student what he wants to do after his board exams. The most common answer that I get is that it will depend on the marks that he will get.

I heard a wonderful story where a father takes his son to various colleges two years before his board exams and asks him which college he wants to join. The father makes his son interact with some students who explain the kind of price that they paid to get to that college.
The father asks his son only one thing.
“Son ! If you pay the price in terms of your efforts, you will get to study in this college of your choice. Are you ready to pay the price.”

Jul 4, 2010

What is an Opportunity

Every one wants to earn money in some way or the other for the following reasons :-

  1. To survive,
  2. Meet their requirements,
  3. Lead a comfortable life
  4. Enjoyment
  5. To be able to show an achievement
  6. Achieve their dreams

Robert Kiyosaki, the world renowned financial educator, categorises and explains the four categories in which people are earning money in his book ” The Cash Flow Quadrant”. It has been discussed earlier in “Income generation methods” posted on Jun 22, 2009.

A Business opportunity is an income generation method which can put you in “B” qudrant.
Opportunity will only be seen by people who are actually sincerely looking for one and are ready to explore and research and are willing to come out of their comfort zone to put effort after having accepted an opportunity.

In today’s world with so advanced media, communication system and internet, many brainy people have created “SYSTEMS” using “LEVERAGING PRINCIPLES” which enables a person to use the “SYSTEM” on a part time effort and supplement his income.When the “SYSTEM” requires increasing the “TEAM” through referrals, it can be called MLM or Direct Marketing.

Many such “SYSTEMS’ are illegal also because they do not have any products or services or the government approval has not been obtained and such businesses either make some promoters rich who manage to get in at the right time or fail and die when caught in the legalities aspects of the business model.

There are many such businesses which have obtained government clearances and are legal. They are members of the IDSA (Indian Direct Selling Association ) or the DSA of their respective country.

Why do People Fail
We must understand that a business merely provides us a “SYSTEM” to plug into, put effort and earn money. It is not giving you a guarantee of income. Most people misunderstand the system and think that it is a member making thing. Be warry of any business which has a compensation plan only when new members join. Such model will not last long.
Without understanding the plan, people force their friends and relatives to join, promising them that they will earn big money even if they do nothing. New members have been given a false hope. They do nothing, they get nothing and yet, they ask for the earning. When they don’t get any money, they get angry and feel that they have been duped by their friend or relative. Not only the relationship now becomes bad, they start talking bad about the business and their friend or relative. This spreads ten times faster than good news.
There are certain benefits because of leveraging and team effort which should be clearly explained.
Then there are emotional factors. A person will give any amount of profits to unknown people in the traditional distribution system but will resist if it is his friend or relative. Even a person who has understood the plan thinks that it is not a good idea to earn profits from their friends and relatives. He feels comfortable only as a consumer and in 90 % such cases, he is not even a consumer because he resists changing his brand.

Who succeeds ?

  1. People who are looking for an opportunity
  2. People who are ready to research and understand
  3. People who are ready to learn from successful people in that business. Only a successful person can teach how to succeed. A failure can only teach you how to fail.
  4. People who put the right effort as directed by successful people consistently and persistently.
  5. People who reviews the results of their effort with their mentor.

Remember that their are great opportunities to grab in today’s time. Are you really looking for one ??