True wealth will often come from creating value for others.
Instead of trying to chase after quick money, focus on building products or services that make other people richer.
This approach works because:
- When you help others become more successful, they're willing to pay a anything for what you offer
- It creates a win-win situation where your success is directly related to your customers success
Examples:
- Shopify: Gives businesses a platform to easily set up an online store, which helps them make money online
- Stripe: Simplifies online payments, which makes it easier for businesses to accept money from customers worldwide, helping them become more successful
- Coursera: Offers courses and certifications helping people get more skills to advance in their careers
When you can demonstrate a clear return on investment, pricing becomes less of an issue.
Do you agree with this approach?
Posted by notomarsol
6 Comments
This 100%.
First, work for someone who makes others rich. Then, when you thought to yourself “Damn, I’m getting rich” quit and start a business that makes others rich. Thats when you’ll really be rich.
I agree with this 100%. Although it can be hard to accept in the beginning, offering an immense amount of free value upfront is actually the quickest way to wealth. You have to provide an offer with so much free value that it makes your customers decision to work with you a “no brainer”. After you have built up your network and shown your customers how much value you provide, they will have no problem paying you. This will naturally lead to high customer retention because you have built a business relationship based on trust and transparency rather than it being purely transactional. Oh, and also, providing a service for free also means you get to have a high volume of practice early on which allows you to rapidly master your craft.
No lies told here 💯💯💯
This does not work at all! 🤣
Absolutely! I’ve seen firsthand how sharing knowledge and resources can create a win-win situation. Helping others succeed not only builds a network but also opens up new opportunities for collaboration.
Help others to help yourself 🙏
This is exactly what I was thinking earlier. So now I’m planning to help entrepreneurs with the my design skills to improve their product experience.
This way I will help them and also learn from them. Two way street 👍