Monday, January 23, 2012

Create Your Wealth Now

I hosted a motivational forum last Saturday, 21st of January 2012. The speakers came from different backgrounds and industries. As I have mentioned in my previous blog, I will be sharing with you what the message they imparted during the forum.

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Let us start with Mr. Mike Palacios, Director of Havoc Digital and the owner of Mike Palacios has been immersed in the Internet industry and Internet technology since he graduated from the Ateneo de Manila University a couple of years ago. He started when the Internet service in the Philippines was still being accessed via dial-up.
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He admitted that it took him several years to make successful; it is now the largest Philippine portal forum in the Internet. He mentioned that whenever they would have meetings with prospective companies and sponsors, they would have to literally explain what the Internet is and how it can help their business.

Fast forward to today, everyone knows the Internet and access can be done virtually everywhere. There are hotspots in malls, cafes and restaurants. You don't need a laptop or a computer to access the Internet. He said that the lower social economic group will have their taste of the Internet using a smartphone. Just imagine how fast technology is changing. Just a few years ago, when you had a mobile phone, you were considered rich. Now, everyone is looking to have a smartphone.

What does this mean for an entrepreneur or someone who wants to earn some money on the side? It means it will be easier for you to sell yourself and get your message across.

If you are company who wants to expand your business or get people to talk about your product or service, you must engage the customer. Let them know what they can have when they get your services. You must always be accessible to them.

If you want people to trust you, get their friends to talk about you. With the proliferation of social networking sites, it would now be easier for people to tell and share their experiences once they have tried your product or service. Give them an incentive to share their experience.

The Internet also offers new opportunities for people to start a business very cost-effectively. There was a time that you have to have lots of capital to set-up a business. Now, all you need is a domain name and web-hosting service where you can upload all the files or pictures that you need to promote your products or services.

Things have become cheaper with Multiply and other social networking sites that promote selling and buying among its members. You do not need to have a warehouse or build a store where people can come to you. You just have to set-up an account and post the pictures and descriptions of what you are offering. I know people who are earning so much leveraging the power of the Internet.

Lastly, since Internet technology is rapidly changing and evolving, you must be able to change how things are done. There are several smartphone applications that are already creating a new way of doing things. Just recently, I went to a mall and saw that if you were a subscriber of one particular telco, you can pay and already book for your movie tickets in advance. You don't need to fall-in-line.

There are many opportunities that we can grab which were not present before. We just need to adapt and learn how we can take advantage of each emerging technology. Once we begin to see opportunities, then we can slowly create wealth and increase our passive income.