Where ever I go, I am welcomed because I give the establishment business, and what ever I like there will be a horde of customers who also like what I like, and I teach everyone how to survive and make money, and everyone is happy.
Based on my teachings not to engage in Destructive Competition, to do your own research on the fundamentals of the global economy and domestic economy, where the basics of demand and supply can be identified in every sector, and the correct pricing to ensure maximum profits by meeting that demand, without Destructive Competition, by moving away from products and services that do not serve our bottom line.
After the renovation of Bendemeer Food Centre, I can see a Chicken rice stall has already closed out of three, and there is a new Malay stall, a few new stalls, all able to survive based on my principles. It is no point you chase after money and work 7 days a week, because ultimately your body will fail and you will lose more money paying for your hospital bills. I myself is a good example, more than 15 years back I was making more than $20k a month as a Real Estate agent, Insurance agent and Futures trader. Then what happen? In less than 1 year I got diabetes and was not able to work for more than 1 year. My ex-wife got afraid and left me. It is a lesson I will never forget. Here at the Coffee stalls, many co-ordinate their opening hours, working less than 5 days week for a work – life balance, and still making the same types of profits as there are now more customers. At the Bendemeer Shopping Centre, there are 4 shops selling Bubble Tea, and none of their products seem similar, each having their own unique customers based on the unique products they sell.
Likewise the smartphone markets are very competitive, with Huawei leading the top of the line as it’s products are even better than Apple, but at the mid and low end there is a ton of competition where customers are dazzled but cannot tell the difference anymore. Redmi, Realme, Oppo, Vivo, ZTE are basically competing on the same price range and markets but customers cannot tell the difference. You need to research on the features that customers want for different markets you compete and diffentiate your product features against your competition. By taking pre-orders you will already guaranteed your profits without losing profits to create excessive supply, and the new business model is not to compete on price but collect data on how to improve your technologies and create new products the market demands.
Facebook made a few mistakes that will make it lose marketshare on Social Media. Firstly it is trying to intergrate all 3 platforms Facebook, Instagram and Whatsapp into one. With a lot of concerns with what Facebook is doing and it’s controls in place, people will never trust Facebook with more. It should break up the 3 platforms but retain the same group of employee to work on the 3 platforms by giving them better incentives. Everything can be modified on the employment contracts. Facebook earnings will drop in the future but Instagram and Whatsapp will raise significantly and they are not monetising it’s adoption. On user database TikTok users will enjoy the fastest growth and many advertisers will move to this platform due to it’s reach of new customers.
Contributed by Oogle.