What You Must Do Next

It is your best friend if you want to be comfortable, Rich, or Wealthy.

The reason is because it takes something simple & turns it into something big over time.

You may have heard of this.

But the question is: How do you implement it in real life?

This question brings us to the previous post: The Foundation of Incubation – Websites are lands.

In 2022

What is my point?

Simple – EVERYTHING starts from zero.

But when you build it OVER TIME, it grows.

Don’t get me wrong, I get it, and maybe you can’t build the next Amazon.

You do NOT even need to build something that massive to be wealthy.

If you have ONE WEBSITE that sells something for $20 (N30,000)

And you make 5,000 sales from it yearly.

That will be $100,000 (N150M) in revenue.

But of course, this will NOT happen in the first year.

In fact, Amazon is a giant today because it INVESTED its profits back into marketing & operations.

The company grew with every dime added back, and people started using the website.

The bigger it got, the more revenue it generated.

So what does this tell you?

Simple – a successful business built over time is like a CRYPTO coin.

In the first year, you may receive N30,000 in salary.

By the 7th year, you are getting paid 30M per month in salary.

That is how to see these things –

Here are the action steps:

Write out the market you want to serve (eg: Clothe for women)
Write out what to do that will make that market buy over and over again from you (create a Fashion club, a simple email list that can redeem loyalty points for discounts)
Create one simple website (eg: FemaleClothe.com)
Brand it (become the CEO and run it like an international brand)
Pay yourself a salary and do not increase it until the business is stable, then put everything else back into the business
Allow compound effects to do it’s thing.

The market you serve, and your idea does not have to be revolutionary for it to be big.

Now, drop everything you are doing and plan the BRAND that you will use compound effects on.