Tuesday, September 30, 2008

Increase the Value of Your Business with Great Tools

When looking for a business to start or a service to offer take a lesson from some of the most successful figures in history. Offer tools for success in a given area. You may choose to offer something totally unrelated to this or you may already have a product in mind to sell, but adding tools and training to your inventory will benefit you greatly.

During the many gold rushes throughout the United States in the late 1800's and at the turn of the century it was the providers of mining tools who made the real fortune. It is a difficult concept to grasp at first. For one thing it is much less glamorous, and for another it is a much slower road to wealth, but it is often more lucrative.

Many of the miners would invest all their time mining, and in turn invest money into needed equipment to get the job done faster and easier. There was a fininte supply of gold available to these miners, yet the promise of instant riches fueled their desire. The outfitters who supplied the needed mining gear, in the form of every tool imaginable, however, saw no end to the demand for their product and recognized this fact early on.

The late Howard Hughes inherited great wealth and increased that wealth by manufacturing and supplying drill bits to oil rigging companies. In fact, Hughes was often mistaken for being an "oil man" because of his association with the oil companies. He made a far greater fortune than the actual oil drillers. Albeit, he ventured into an endless list of other ventures in film and aviation, the foundation of his success was that of a supplier.

Keep in mind, there is still a hungry marketplace for a variety of products, but incorporating tools and training will further increase your success and enhance your overall business. Take for instance, marketing online, there is an endless supply of programs that promise instant wealth and riches much like the allure of striking gold in the Ozarks. You could readily compare the online world of marketing to a modern gold rush.

The times have changed, obviously, and the methods of mining take place through technology; but the dynamics are very much the same. Even the personality traits of the players are very similar. Online entrepreneurs tend to be adventurous and optimistic risk takers.

It is important to entrepreneurs to have well designed tools to make their job of mining easier. Anytime you recognize the opportunity or need to create a valuable tool that will benefit others by all means do so. On the other, hand if you find a valuable tool that is of benefit to you, chances are you can promote that tool, either as an affiliate or joint venture partner or just make your customers and business partners aware of it.

So much of our effort online is spent adjusting to changes in technology and learning the basics that this only makes sense. Consider adding or incorporating better tools to what it is you offer and you'll see better results. If your system, business, or program is weak in this area, then find partners to collaborate with who offer what you and your customers need. This way even more people benefit.

People can find many systems to promote, but the best systems are those with great tools and training. This can be in the form of mentorship, coaching, personal development, technical support, podcasts,webinars, conference calls, ebooks, software, videos, etc. The important thing is that the tools are available, regardless of the business that uses them. Why not be the one who brings them to your market?

So whether it's learning how to generate more traffic, how to create websites easier, how to attract leads or how to communicate and relay information; keep in mind that these practices all require good tools, and tools are products in and of themselves. Fuctionality, adaptability, and performance are what to look for in good tools. This will help you create more diversity in your business as a powerful resource center and not just another miner of gold.

2 comments:

Thomas said...

This is a timely article for us, as marketing is an area where we need to start concentrating more to get to the next stage with our business.

Thanks

Hanan Nagi said...

great information on how to increase traffic on your site...pls keep on posting such good articles