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Showing posts with label Mindset Mastery. Show all posts
Showing posts with label Mindset Mastery. Show all posts

Friday, January 27, 2023

My Internet Business Success Formula For Beginners - Your Proven Path to Success in 2021

 


My Internet Business Success Formula for Beginners - Your Proven Path to Success in 2021


Summery: 
By success, I mean making your first $1m million online within one year even as a beginner. By beginner, I mean someone who is new to online business; has less than 10,000 followers; and has not made his or her first $10,000. If you're a beginner and wish to make it big online, in short, you want to be counted a success, read on.

---------------------------         ----------------------------

By Paul Uduk 


To say it mildly, online businesses are minting millionaires in droves and this is the best time in all of human history to jump online and create wealth for you and loved ones faster than you ever thought possible. This is not utopian.


It used to take companies at least one hundred years to move from their humble beginnings to global brands. Global brands like P&G (1837), Nestle (1866), Heineken (1864) readily come to mind. 


On the other hand, it took each of Microsoft (1975), Apple (1976), Amazon (1994) and Google (1998) less than 10 years to become household names. 


Making it big is not limited to tech giants. Individuals are making a killing online in fields as varied and mundane as online training, physical fitness, and writing (otherwise called blogging).


Take as an example Brendon Burchard. He is an online trainer who started circa 2009. Today he has over 3 million students in over 100 countries. Hiss impact is so massive, Oprah refers to him as "One of the most successful online trainers in history." His networth is estimated at N22million. 


Another example is Ramit Sethi. He launched his first blog in 2004 and in 2018 was featured in Fortune and Forbes simultaneously. In the same year, Forbes featured Ramit side-by-side with Warren Buffet and estimated his networth at $25m.


Making it big is not limited to the menfolk. Chalene Johnson, the global physical fitness icon, has an estimated networth of $10million, while Marie Forleo has estimated networth of $14million. 


While Chalene Johnson has been a household name as a physical fitness coach for over 30 years, Marie Forleo catapulted to fame within the last 10 years aided by her Marie TV, online training, coaching and books.


The fastest, easiest, and cheapest way to make it big is to harness the power of the internet. As the internet gurus say, to succeed online, do what works. In short, do not try to reinvent the wheel. 


The internet is a paradigm shift. While it has created stupendous wealth for those who master its ecosystem, it has also accelerated the gap between those who know how it works and those who don't.


Generally, whenever there is a paradigm shift, the knowledge base is reset to zero and everyone has to learn anew. To learn fast and easy, it's necessary to follow a proven path. 


To succeed and thrive, you should follow what I dub Internet Business Success Formula For Beginners. As you know, there is order in the universe. If there were no order there would have been chaos. My Internet Business Success Formula For Beginners is a brief but powerful framework that shows you how to succeed Online. If you follow it, you'll succeed. If you don't, you will fail.


The formula consists of 7 steps. Here are they:


Learn day and night 

Despite its seeming plug and play simplicity, the internet is a complex ecosystem. To succeed you must learn day and night because change is fast and furious, with basic algorithms changing overnight. Learning enables you to have depth and breadth and keeps you evergreen

Here is the highlight of the things you should learn. Learn:

• How the internet is evolving

• How to be visible

• How to connect with people

• How to build a list

• How to write scripts

• How to create products

• How to make your products discoverable

• How money is made online

 

Be Visible Off and Online

Being visible requires you increase your off and online footprints so you become known and start building credibility and gravitas. Here are the things you should do to increase your visibility:

• Develop evergreen intellectual properties (books, courses, learning guides, etc.)

• Have a home-base (website or blog)

• Have embassies (social media platforms)

• Have listening posts (mailing lists, social media platforms, podcasts)

• Have satellite towns/cities (guest posting, befriend social media influencers.)

• Stage events and develop your own platforms such as YouTube channel.

• Court the media


Build Relationships

To attract strangers, visitors, friends and former enemies into loyal customers and true fans you have to build relationships. While it makes sense to have a vast relationship base, it's more important to build a base of true fans. Here are the things you should do to build relationships:

• Give out valuable things, like books and e-books, free 

• Reach out to your other online influencers 

• Extend a hand of fellowship to strangers you meet by providing advice 

• Help out with specialized information wherever you can, example in forums

• Make recommendations in areas you have authority; don't be shy

• Join people together as a connector

• Ask for help wherever you're challenged, again don't be shy.


Build A Mailing List

Make building your mailing list a priority so you have whom to market and sell to tomorrow. There is a raging argument online as to what comes first: mailing list on product. As a beginner don't be distracted by these chicken and egg arguments. List and product are the two sides of the same coin: you online business. Just note that with a list you can market what you don't have through affiliate marketing but a product with a list takes you nowhere. Also note that as a beginner you will not be able to do affiliate marketing. So build you list and pursue your product evenhandedly. Here is how to approach building your list:

• Start a mailing list from day one (at least now you know).

• Begin with the low hanging, medium hanging, and finally high hanging fruits 

• Build a segmented list to enable you tailor your messages

• Employ an affordable mailing or contact management system

• Invite people personally to join your list and be persistent

• Give away valuable incentives, such as books, video lessons, etc.

• Keep at it day and night 


Have Something To Offer (Create Products)

Create products to sell so you can add more value to your followers. People will follow you because you have something to offer them. When you do, you will make money but making money should not be your primary consideration. When you do it well, the money will come. Here are the things you should do:

• Equip yourself with knowledge and wisdom

• Write and refine your intellectual properties to perfection

• Develop irresistible courses, events & platforms

• Master the required technologies for production

• Master the required technologies for delivery

• Be consistent and focus on things that will last, the evergreens

• Specialize so people know what you stand for


Learn how to Market and Sell Online

Marketing and selling are the lynchpins that bring in the money. The most successful business owners online excel in marketing and selling. Invest a big percentage of what you generate into marketing to generate more sales and continue growing your business. Here are the things you should do to boost marketing and sales:

• Learn how to use marketing to grow your business

• Understand the psychology of buying and buyer behavior

• Learn how to build your business pipeline

• Learn how to build and optimize your sales funnel

• Learn how to craft sales scripts that convert visitors to customers

• Learn how to use social media for marketing 

• Learn how to set up your landing pages

• Pursue selling with gusto because to sell is human but don't be salesy


Master Strategies to Win Long Term

Succeeding on a sustainable way online is a marathon. Commit to it for the long haul. Develop insight how effort is monetized online and where money is made along the value chain. Know that Rome, as they say, was not built in a day. If you pursue online business as a sprint or one hundred meters dash, you'll give up too soon and fail. Here are the things you should do at this point:

• Master and refine your winning game plan

• Master the four phases of online business (learning, audience, product, sales)

• Develop a long term view

• Keep keeping things evergreen

• Diversify into adjacent winning areas as you become more confident

• Develop offline assets to mitigate your online risks.

• Repeat and build on the principles of excellence


There you have them, the seven planks that constitute my Internet Business Success Formula. You may be wondering, where is technology, after all we are talking about the internet. The truth is, technology pervades all the seven steps, but technology remains what it is, an enabler. Technology enables you to scale and reach thousands online, but in the end relationships triumph. So we talk about hi-tech, hi-touch. 


In the long run you must master technologies that enable you learn day and night, be visible off and online, build relationships, build a mailing list, create products, learn how to market and sell online, and master strategies to win long term.


Knowing the technical aspects or technology is important because you're dealing with machines and technology will help you scale and automate but it's not a paramount condition for success for a beginner. 


Success online is anchored in the two magic numbers: 10,000 customer base and $10,000 monthly recurring income. You can achieve both easily if you follow the 7-Step Internet Business Success Formula I have given you in this article. Once you hit these numbers, you're ready to leverage technology to scale. That will be the subject of another article.


Paul is the creator of iSchool, iBFC (Internet Business Foundation Course, iBMC (Internet Business Mastery Course), Content Marketing Mastery Course and BWC ( Book Writing Clinic) where he teaches how to build business online, and write books among others. The founder of Vision & Talent Training Group, he is the author of Bridges to the Customer's Heart, dubbed The Customer Service Bible. Richmond Dayo Johnson, referred to him as "One of Nigeria's most authentic experiential writers." His clients include Fortune 500 and some of Nigeria's biggest corporations including Dangote, First Bank, and Nestoil Group (whose clients include ExxonMobil, Chevron, Shell, and NNPC, amongst others). Paul has been featured in The Guardian, Vanguard, and SilverBird TV. A McKinsey Executive Panel Member, he's a Platinum Author at EzineArticles.Com with 49 articles. Paul's E-Product Development Blueprint For Beginners published on Medium has been downloaded over 1,000 times. A trainer par excellence, overall, Paul has trained over 5,000 in his banking and consulting careers and has over 350,000 training man-hours under his belt. Paul is always happy to help executives write books, create courses, and build their expert empires. Invite Paul to speak at your retreat, strategy or quarterly review session on Winning As A Team. Email:  [mailto:paul@pauluduk.com]paul@pauluduk.com. Website:    [https://www.pauluduk.com/page]https://www.pauluduk.com/page.


Article Source: [http://EzineArticles.com/?My-Internet-Business-Success-Formula-For-Beginners---Your-Proven-Path-to-Success-in-2021&id=10409900] My Internet Business Success Formula For Beginners - Your Proven Path to Success in 2021

Thursday, April 7, 2022

Importance of Duality Concept in OR and Economic Importance of the Duality Concept

 




Importance of Duality Concept in OR and Economic Importance of the Duality Concept

By Gian Brett 


This is MBA assignment question for MB0032 of SMU. The question is - "Why Duality concept is important in OR? Describe the economic importance of the Duality concept."


The importance of duality concept is due to two main reasons: 


a) If the primal contains a large number of constraints and a smaller number of variables, the labour of computation can be considerably reduced by converting it into the dual problem and then solving it.

b) The interpretation of the dual variable from the loss or economic point of view proves extremely useful in making future decisions in the activities being programmed.


Economic interpretation of duality:


The linear programming problem can be thought of as a resource allocation model in which the objective is to maximize revenue or profit subject to limited resources. Looking at the problem from this point of view, the associated dual problem offers interesting economic interpretations of the L.P resource allocation model.


We consider here a representation of the general primal and dual problems in which the primal takes the role of a resource allocation model.


From the above resource allocation model, the primal problem has n economic activities and m resources. The coefficient cj in the primal represents the profit per unit of activity j. Resource i, whose maximum availability is bj, is consumed at the rate aij units per unit of activity j. 


Economic interpretation of dual variables:


For any pair of feasible primal and dual solutions, (Objective value in the maximization problem) ≤ (Objective value in the minimization problem)


At the optimum, the relationship holds as a strict important. 


This relationship implies that as long as the total return from all the activities is less than the worth of the resources, the corresponding primal and dual solutions are not optimal. Optimally is reached only when the resources have been exploited completely, which can happen only when the input equals the output (profit).


Economically the system is said to remain unstable (non optimal) when the input (worth of the resources) exceeds the output (return). Stability occurs only when the two quantities are equal. This is the most important aspect of economic importance of dual variables for MBA assignments. [http://mbaassignment.blogspot.com/]MBA assignments - Gian Brett is an expert writer of various subjects. He has written many articles on [http://mbaassignment.blogspot.com/2010/04/integer-programming-problem-and-gomorys.html]Integer Programming Problem also.


Article Source: [http://EzineArticles.com/?Importance-of-Duality-Concept-in-OR-and-Economic-Importance-of-the-Duality-Concept&id=4133733] Importance of Duality Concept in OR and Economic Importance of the Duality Concept

Wednesday, April 6, 2022

The Fountain of Youth | by Andy Casasanta

 



The Fountain of Youth

By: Andy Casasanta


Aging, a steady decline: 

The History of the world is filled with stories of individuals trying to find eternal youth. Wealthy people going to private centers for magic elixirs. Many individuals taking mega doses of certain vitamins, drink green tea, use coenzyme Q10 etc.., hoping to find the "fountain of youth". Let's take a closer look and see what happens to our bodies as we age.


Time, our worst enemy:

Growth Hormone declines steadily at the age of 31 and at the rate of 14% per decade. Along with aging, we become vulnerable to diseases. Our ability to fight illness declines, the body's ability to metabolize sugar, handle cholesterol, and clear the kidneys of toxins, becomes more and more difficult. Ultimately, the slow deadly disease of aging creeps in.


As a person ages, hormone levels fall. Decreasing levels of certain hormones shows symptoms such as:



gray hair

wrinkly skin

reduced skin thickness

forgetfulness

low sex drive

weight gain 

bone or joint problems

immune system weakens

decreased muscle strength



These symptoms can be the possible result of, reduced Human Growth Hormone. Until age 21, Human Growth Hormone is abundant in the body being solely responsible for muscle building, bone growth, skin elasticity, increased energy, lean body mass, and sexual vigor.


Graying Hair

Gray hair is caused by the slowing production of melanin over time within the hair follicles. When this happens, the hair follicles produce less and less melanin, and the result is a loss of hair, color and strength.


The Skin

Hormonal breakdown and free radicals is the major contributor of skin aging because of the reduction of the body's Hormone production or lack of. Hormones such as Human Growth Hormone and testosterone are only produced in noticeable quantities up to the age of 20. These Hormones are responsible for physical fitness, regeneration and the immune system. Due to a declining Hormone level, the breakdown of organs, tissues and cells begins.


Another factor are free radicals. These are parts of molecules that are found in the Human Body. As a result of external factors such as ultraviolet light (too much sun), smoking or unhealthy eating habits, under these circumstances free radicals are inclined to react. Meaning that they are in search of other chemical substances to bond themselves with. Ultimately, the breakdown of the skin begins. The body protects itself against these aggressors with naturally occurring anti-oxidant's. Until you reach the age of twenty and onwards, this natural defense mechanism slowly declines, until eventually the skin can no longer defend itself.


What can be done about aging?

Well, about your actual age nothing, but could a healthier lifestyle, proper diet, or maybe vitamin and supplement intake, would that help turn back the aging clock? Is there something out there that could:



Alleviate menopausal and premenstrual symptoms 

Reduce body fat 

Restore gray hair 

Increase energy 

Increase sex drive enhancement in both men and women

Restore the function of organs and glands 

Improve memory

Improve vision 

Enhance one's spirits 

Stabilize blood pressure

Enhance the immune system



Well quite possibly, there just might be! Read below...


Author Bio

Submitted by Mr. Andy Casasanta.  The author of this article has devoted a portion of his life to health and well being for himself and others.  All the subjects of  his articles  has effected his life in one way or another.  Which has inspired him to create  a tremendous health and pharmacy website.  Save on all popular drugs such as Viagra, Lipitor, meridia, and hundreds more all for pennies on the dollar. Please visit: www.medheadquarters.net

Article Link: http://www.articlegeek.com/health/fitness_articles/fountain_of_youth_time.htm 

Article Source: http://www.ArticleGeek.com - Free Website Content


Tuesday, August 10, 2010

"Of the liberty of Thought and Discussion"


True or False?
Better or Best! 


"The greatest orator, save one, of antiquity, has left it on record that he always studied his adversary's case with as great, if not still greater, intensity than even his own. What Cicero practiced as the means of forensic success requires to be imitated by all who study any subject in order to arrive at the truth. He who knows only his own side of the case knows little of that. His reasons may be good, and no one may have been able to refute them. But if he is equally unable to refute the reasons on the opposite side, if he does not so much as know what they are, he has no ground for preferring either opinion. The rational position for him would be suspension of judgment."

"Of the liberty of Thought and Discussion" ~ John Stuart Mill

Morality and Moral Controversies: Readings in Moral, Social and Political Philosophy (8th Edition)

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