Monday, April 28, 2008

The ultimate wealth-creation insight! 0:11

If financial freedom is your goal, here's a POWERFUL insight to keep in mind. It just occurred to me a few minutes ago, so you guys are -- as usual! -- the first hundreds of lucky people to know about it.

In fact, this POWERFUL wealth-creation insight is SO VALUABLE that I don't know why I'm giving it away for free to you. ;-)

I'm just kidding. I appreciate your loyalty as subscribers, and I also appreciate the fact that you share this blog with all your friends and acquaintances.

Here's the insight or, dare I say it?, the ultimate wealth-creation DOCTRINE:

To achieve financial FREEdom, focus on giving away valuable stuff for FREE to as many people as possible.

A corollary is that you should focus on ways of creating value that cost you NOTHING, that is, that are FREE to you.

Example: Whateverlife.com was launched by a 17-year-old named Ashley Qualls, and she became a millionaire as a result. She even hired her mom as manager, and her best friends as "employees."

The founders of Hotmail became millionaire, through being purchased by Microsoft after they had built a user base of 30 million people within 30 months. They offered FREE email accounts to users.

The founders of Youtube became millionaires by giving to millions of people, for FREE, the ability to view and share videos.

Same with the founders of Skype, Google, Yahoo!, etc.

So how does this happen exactly? I haven't thought through this in great detail, but here's my theory: offering something valuable for FREE, enables a company to automatically multiply marketing "options."

Think of an "option" as the contact details (name, email address or phone number, and mailing address also) of each person who receives the product or service for free.

These contact details, or even the momentary and repeated attention of people, are worth money to marketers who buy them from the free-product or free-service provider (such as Hotmail, Youtube, etc.).

Even an ordinary person can set up this kind of free service. For example, a resume writer can create a website called Freeresumecritique.com and rapidly build a list of marketing options which he can then resell to another company.

I can't believe I'm giving away this valuable insight for free! So enjoy it and apply it asap to build your wealth!