What Eker Harv Taught Me On Building A Successful Busines At Warp Speed

November 27, 2007 | By yewhengchiong In Internet Marketing Guru Review, Internet Marketing Software |

I have just finished reading Eker Harv’s SpeedWealth book and have discovered that what is written in the book is what i have already learn in Internet Marketing for the past 1 year plus.

Basically, the book touches on the core component for a building a successful business.

Here are the components:

Have the right mindset to embrace Internet wealth at warp speed. Due to the vastly quick changes in the world and information blowing up like rocket, we are in an exciting time to capture every opportunities that these changes offer us.
Capture opportunities based on this simple formula: Supply + Demand + Quanlity + Quantity ==> Business Success. Find a market where the supply is limited and the demand is plentiful, then offer a high perceived value product or service but make sure that you can product enough supplies to make the money. ( In this example, you will noticed that i use perceived value. The value of your product is a very subjective matter. Some people may it it as high value while others will not.) By the way, internet marketers coin this as niche marketing.
Systemized your business so that it can function without your involvement. If not, it is not a business at all. Rather, you are self-employed (having a job with yourself as the boss). As Eker Harv put it: “Work on the business, not in the business.
Duplicate your business system so that it can franchise out or make money across different virgin territories or market.
Leverage on everything you do on the business. Some good examples are to build on the trust of your existing customers base and sell them a second class again and again; sell the resales right of your product. (one of the amazing sharing from Eker Harv on this subject is to leverage on selling a product that is not yest created yet. I personally see it in the marketing strategy of Jo Han Mok and Matt Bacak recently.
Finally, do it now. Do not hesitate to start a business. Do it now. Don’t wait for tomorrow, for all you know, tomorrow may never come. ( Quoting from Nike “Just Do It!”)