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Read Millionaire Fastlane
- Jan 23, 2011
Question for you guys... What do Tesla, Amazon and Bitcoin have in common?
What have the proprietors of them proven?
Agreed, but it wasn’t what I was going for, and it’s also why I tossed the oddball, Bitcoin, in there.Ok I’m in. Aside from their crazy valuations from a fundamental/logical standpoint..
They are all 100% being driven by their leader, and a leader whos goal from the onset was to change the world.
None of them require traditional marketing to be the topic of conversation or to grow.
They have proven that there is virtually unlimited funding available in the world toward achieving a stated result.
They have proven that the worlds biggest ideas aren’t “new” just better.
And that humans are highly emotional creatures as mention of any of the three can practically start a political style debate.
After typing all that...honestly, I don’t know and I’m hoping I don’t have to wait long to hear the answer.
What is a customer? Who are you selling to? What are you selling? You need not just be selling product and services... but also selling your company.
The fortunes of Bezos and Musk PROVE that your traditional customer isn’t the only customer... The other is the market. There are years in both of these companies’ very recent history where they made less profit than a burger flipper... How can that be? How are the proprietors multi-billionaires then? They aren’t crooks, they are rich because people believe in them and put their money where their mouths are. How many people are you letting believe in you this way?
A traditional think small or even medium venture might look like this:
Product>Marketing and Sales>Customer>Profit=Value
It’s more linear.
A think big venture ends up in higher finance:
It has the above: Product>Marketing/Sales>Customer>Profit=Value
But the big hit is usually: Stock>Investors>Hype>Momentum=Value
Which fuels operations more which then fuels finance more.
And in the case of bitcoin, they did it without operations, just investment value.
These three cases prove personal wealth can be created by building things of great investment value to others.
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