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Posted
31 March 2008 @ 11am

Tagged
Business, Marketing Process

Money Loves SPEED!

money loves SPEED!

All too often, when a new business idea pops up, we usually do several of these:

1. Plan…

2. And plan…

3. And plan some more…

 

But we don’t execute.

Because there is still not enough planning!

Or we might plan, and do, and refine. And refine further, wanting to be perfect each time. But then you find, to your dismay, it is still not there yet. And you keep going on…anyway…

Just one thing. The idea never come into fruition because you don’t launch and start selling it!

Sounds familiar?

 

You know, if you analyze most of the successful products you see out there, 99% of the time, they are not the final version when it was first launched.

They were improved upon feedbacks along the way, and they slowly evolved to winning products that the users love.

I think for a lot of us, me included, we must inculcate in ourselves one simple yet important mind-set, that is to – launch and then tweak.

We have to suppress our sometimes insatiable desire to be perfect all the time.

Truth is – sometimes – we don’t know if the idea works. Or if it’s really what the audience wants…UNTIL we sell it.

The audience will give the best feedback.
‘Cos they vote by their wallets. You can then tweak and refine from there.

Speed is of the essence. Money loves speed!

The moment you come out with a product, take it..and sell it!

If not, the longer you take, the more expenses you will chalk up. And what about opportunity costs?

 

Focus more of your time on sales and marketing.

Yes, keep the development going to ensure the product will be of the highest quality possible. But NEVER forget the sales and marketing. It will have to take precedence.

Now I want you to repeat after me…

Money loves speed. Launch then tweak….Money loves speed. Launch then tweak…Money loves speed. Launch the tweak…

When you are quick enough with your launch, decisive enough with the sales and marketing strategy, add together with a reasonably good
product that provide above average value, the money will come.

And it won’t be a question of when the money will come. But how much…

I think these are the under-emphasized points in business.

Once again, let me know what are your thoughts on this. I love to hear them.

All Success,

jagfoo

[tags]E-MoneyMarketing, business, marketing, business optimization, launch then tweak, money loves speed[/tags]

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29 Comments

Posted by
UK Building Regulations
31 March 2008 @ 3pm

After we have made a thorough plan, we put into actions the ideas and plans that we’ve come up with. And I think another is that we are afraid to take the risk.


Posted by
erp
31 March 2008 @ 10pm

i love the title, also the content. yeah money love speed and we love MONEY!


Posted by
Webmaster Blog
1 April 2008 @ 11pm

After we make an action plan, we must…..action :)

That’s the logic. Just planing will not bring you money..


Posted by
Jag Foo
1 April 2008 @ 11pm

Hi guys,

I think you guys got it. A plan must be followed by with ACTION! And not just action, but FAST & DECISIVE ACTION!

CHeers,
Jag


Posted by
Clothing Girl
2 April 2008 @ 3am

You got it!!


Posted by
Land Projects UK
2 April 2008 @ 1pm

Those are the best ways to become successful not just in business, but also to other aspects of life and to attract positive things. Very interesting topic!


Posted by
James Shaffer
3 April 2008 @ 12pm

So true… I have so many scrapped business plans, I wonder what would have came of them if I stuck with them?


Posted by
Jag Foo
3 April 2008 @ 3pm

Hi James,

I feel you. I feel ya man…

Never mind. Better late than never!

Jag


Posted by
websitebuilding.biz
3 April 2008 @ 5pm

This is so true for building websites and online income. The best decision I ever made was to get started and even if I didn’t know what I was doing at first, the early work was easily converted into more optimized purposes once I had learned a little more.

If you want to learn to swim, you’ll have to get into the water!


Posted by
Marni Dean
5 April 2008 @ 10pm

It’s called analysis paralysis by some. One fellow recoined the phrase: Ready Fire Aim!

Think about that one. Let’s just get going on a plan, stay with it long enough to make a reasonable facsimile of a website or promotion or whatever, “launch it” and then go back and polish and tweak. There’s nothing like actually getting past the getting ready to get ready stage.

To quote Nike – Just Do It! Really, there are no sharks out there.


Posted by
Jag Foo
6 April 2008 @ 1am

Hi Marni,

Yes. Ready, Fire, Aim! Just sell. Do it. Don’t waste time.

This post is a tribute to Michael Masterson. He taught me a lot!

Cheers,
Jag


Posted by
Internet Advertising
10 April 2008 @ 3am

This blog was very helpful, thank you for the information.


Posted by
Emirhan
11 April 2008 @ 8am

In theory, you’re damn right. To the last letter and comma.

But there’s this problem : energy. We’ve used our brains to observe, analyze, syntetise what we saw, what we knew, and we came up with this brilliant idea. The brainchild.

From now on, comes the part when you just don’t sit there and fondle an image, but get actively involved. But that includes sweating, failing, retrying times and again, maybe losing some money in the process, sharpening, refining. All of this while being out there, convincing people that you’re true, your idea is not fake or copies, that you’re worht the investment in the initial product.

Usually the smart guys come with a booming idea, sell it to some corporation ready to take over, and find themselves rich. It only takes the commitement to raise the baby idea to at least a toddler, if not a fully-featured brain-child.

Ok, who’s next with an idea?


Posted by
Jag Foo
11 April 2008 @ 9am

Emirhan,

In theory, it works. And in reality, as you pointed out, energy is required. And without energy, AND the commitment to take consistent action, ideas won’t move.

When ideas don’t move, there is no speed to speak of. Money doesn’t come in.

Jag


Posted by
Samanta
11 April 2008 @ 6pm

I always think about the speed and money indeed :)


Posted by
online football betting
12 April 2008 @ 12am

Those are the best ways to become successful not just in business, but also to other aspects of life and to attract positive things.


Posted by
online football betting
12 April 2008 @ 12am

It’s called analysis paralysis by some. One fellow recoined the phrase: Ready Fire Aim!


Posted by
Kristian Liebrand
12 April 2008 @ 8pm

Yes with out money the plans are not worth.Because if we dont have enough funds we cant do any thing .So we need to invest some to get some, this is how it goes.


Posted by
Jag Foo
12 April 2008 @ 9pm

Hi Kristian,

You know…I really do understand where you are coming from.

Sometimes, the lack of funds can hamper the business…a lot.

But with that said, don’t let that hold you back.

Take action. Have the plan up. And start selling…sell to investors first. Get them to believe in your system. If it is good enough, you will find someone who will take a risk in your idea.

Then start selling to your customers. Find more. Sell more. Give a lot more value to your customers and partners.

Good luck!

Jag


Posted by
Tim
13 May 2008 @ 11am

You have a good point. We’ve all had ideas that don’t go anywhere for lack of action. Once you pick a winner, place your bets and get moving.


Posted by
Creatine
29 May 2008 @ 3am

Another good post. My problem is that I need to strike a balance. It seems I either jump into things with too little planning, or plan and plan and procrastinate forever on actually getting started.


Posted by
Michael Forey
6 December 2008 @ 4am

Thanks for your post. I have read several business books and I think this is the best one by far. I always thought I had to have a perfect product before I let anyone see it. Not anymore. Thanks

Michael Foreys last blog post..Social Bookmarkting Must Dos


Posted by
law of attraction
28 February 2009 @ 3pm

I compare it to the market laws. Its said money is related to market. Its comes when market is up and goes when down. But with that successful products are launched on time make sense to for money affirmations.


Posted by
Jason online
1 March 2009 @ 11am

I think I suffer from the analysis paralysis that was mentioned in the comments — too much thinking and not enough doing. Perhaps I’ll adopt your phrases as a mantra, and I might stand a better chance of getting things done…


Posted by
Inventory Management
18 March 2009 @ 4am

I agree – it’s best to just get your product to market and then tweak based on the reception.


Posted by
Etf
11 May 2009 @ 3am

Great post. Most people never take action they talk about it. If your going to be a success the first step it to try it and stop talking. Once you earn some money you will be motivated to work on product and make it better to make even more money. That is how people can become rich.

Etfs last blog post..Gold etf.


Posted by
phone service
26 June 2009 @ 12pm

That is why most people work for someone else. They never take action or are afraid to. You have to just go for it and work on it as you build your business.

phone services last blog post..Broadband phone voip service.


Posted by
Make Money Online
26 June 2009 @ 7pm

Successful marketing requires speed to get the results you need. See the key concepts that will help you in your business.


Posted by
bahis
22 March 2010 @ 3pm

Thanks for your post. I have read several business books and I think this is the best one by far. I always thought I had to have a perfect product before I let anyone see it. Not anymore. Thanks


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