Thursday, July 05, 2007

Why people are poor

The main reason why people are poor is that they have nothing to sell.

To be more specific, they "have no thing to sell."

Millions of people, every day, go to work to sell themselves -- their time.

If they had something to sell, they could basically be sitting at home and ship their "things" to customers worldwide.

Note: Today, you can even "sell yourself" over the Internet. Indian programmers or even tutors, sell their services over the Web by using Skype and PayPal.

However, the thing about making a fortune is that you've got to focus on... the thing.

In other words, you've got to create work that keeps working for you!

For instance, an author creates a book. Subsequently, that book becomes like a robot worker, working for him indefinitely!

Youtube even has tools online so you can create remixes of videos. I predict that people will make a lot of money by creating training videos that are innovative and entertaining. Some call it "edutainment." I call it "knowledge marketing."

The key message is that unless you can create this thing which people want and are willing to pay for, financial freedom will remain a dream. The good news is that this "thing" doesn't even have to be pricey. The Internet and the social networking phenomenon enable an ordinary person to gain extraordinary marketing leverage.

Of course, I'm talking a lot about financial freedom in this blog, because I assume that people who are dreaming of financial freedom have already mastered all the basic, prerequisite skills such as effective communication, good working habits, technology proficiency, etc.

I will cover those skills in a future post.