Wednesday, April 2, 2008

To Make A Lot Of Money Fast, You Gotta Have A Plan

First, let me say, there is nothing wrong with wanting to make rapid returns on your investments or efforts. That is the point of money. Money buys you time. If you have the desire and need to make a lot of money fast, then I congratulate you because you have recognized that time is worth more than money.

Working in a job 8 hours a day for a few bucks an hour, you can be forgiven as you approach a more mature age, that this style of making money has serious limitations. Particularly, you may notice, that as you get older, time is more valuable and the precious moments you spend swapping them for a few bucks an hour, that it is quite likely that it is the wrong thing to do. You only get one life, and fundamentally, it is there for living.

Of course, to make a lot of money fast, it often is stigmatized as "good and honest people" can see an ethical issue with wanting to make large sums of money fast and they have a point. But it depends on the plan. A good business plan that will facilitate a rapid and large amount of money coming to you is a good plan. Nobody can deny that. The actual point of business plans is to be able to assess an ideas capacity for a return and to consider even if the business idea is even viable.

Making a large amount of money fast is not difficult if you put your mind to it. It all comes down to the planning stage. Finding demand is the first step. There is no point developing a product or service for something people don't want AND are not willing to pay for. The next consideration is your distribution channel. In other words, how will you reach that demand and tell them you have what they are looking for and need.
Finally theres the marketing considerations including pricing and graphical assets that assist in the sales process. These three considerations, A) demand B) distribution channel C) and Marketing are the starting point. Start brain storming and come up with a few ideas and research and flesh out those three key areas. You can make it happen if you are careful in the embryonic planning stage and research your assumptions carefully in all three main areas.

By Martin Thomas

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