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Wednesday, 13 April 2011

How to make a million dollars

One popular method is to make a dollar in profit from each of a million people. Or a penny from a hundred million. This is the China strategy. It almost never works.

It almost never works because the challenge of reaching that many people is just too great. It's too risky and too expensive. Doesn't matter that you're only hoping for a dollar or a penny. The price isn't the challenge, it's the difficulty in spreading your idea.

Far easier to make a thousand dollars from each of a thousand people, or even $10,000 from a hundred organizations. You can focus on a small hive of people, a group that talks to itself. You can push through a smaller dip and reach a level of recommendation and dominance that makes incremental sales far easier.

And you can learn much earlier in the process if you've gotten it right or not. Because you're making more per sale, you can spend the time necessary to figure out what really sells and modify your offering sooner in the process.

The irony is that many products and services that have reached huge masses of people actually have significant margins (Windows, for example, or a cup of Starbucks). They got the best of both worlds because first they focused on winning small communities over and that led to the larger market.

How to make a million dollars

One popular method is to make a dollar in profit from each of a million people. Or a penny from a hundred million. This is the China strategy. It almost never works.

It almost never works because the challenge of reaching that many people is just too great. It's too risky and too expensive. Doesn't matter that you're only hoping for a dollar or a penny. The price isn't the challenge, it's the difficulty in spreading your idea.

Far easier to make a thousand dollars from each of a thousand people, or even $10,000 from a hundred organizations. You can focus on a small hive of people, a group that talks to itself. You can push through a smaller dip and reach a level of recommendation and dominance that makes incremental sales far easier.

And you can learn much earlier in the process if you've gotten it right or not. Because you're making more per sale, you can spend the time necessary to figure out what really sells and modify your offering sooner in the process.

The irony is that many products and services that have reached huge masses of people actually have significant margins (Windows, for example, or a cup of Starbucks). They got the best of both worlds because first they focused on winning small communities over and that led to the larger market.

How to make a million dollars

One popular method is to make a dollar in profit from each of a million people. Or a penny from a hundred million. This is the China strategy. It almost never works.

It almost never works because the challenge of reaching that many people is just too great. It's too risky and too expensive. Doesn't matter that you're only hoping for a dollar or a penny. The price isn't the challenge, it's the difficulty in spreading your idea.

Far easier to make a thousand dollars from each of a thousand people, or even $10,000 from a hundred organizations. You can focus on a small hive of people, a group that talks to itself. You can push through a smaller dip and reach a level of recommendation and dominance that makes incremental sales far easier.

And you can learn much earlier in the process if you've gotten it right or not. Because you're making more per sale, you can spend the time necessary to figure out what really sells and modify your offering sooner in the process.

The irony is that many products and services that have reached huge masses of people actually have significant margins (Windows, for example, or a cup of Starbucks). They got the best of both worlds because first they focused on winning small communities over and that led to the larger market.

How to make a million dollars

One popular method is to make a dollar in profit from each of a million people. Or a penny from a hundred million. This is the China strategy. It almost never works.

It almost never works because the challenge of reaching that many people is just too great. It's too risky and too expensive. Doesn't matter that you're only hoping for a dollar or a penny. The price isn't the challenge, it's the difficulty in spreading your idea.

Far easier to make a thousand dollars from each of a thousand people, or even $10,000 from a hundred organizations. You can focus on a small hive of people, a group that talks to itself. You can push through a smaller dip and reach a level of recommendation and dominance that makes incremental sales far easier.

And you can learn much earlier in the process if you've gotten it right or not. Because you're making more per sale, you can spend the time necessary to figure out what really sells and modify your offering sooner in the process.

The irony is that many products and services that have reached huge masses of people actually have significant margins (Windows, for example, or a cup of Starbucks). They got the best of both worlds because first they focused on winning small communities over and that led to the larger market.

How to make a million dollars

One popular method is to make a dollar in profit from each of a million people. Or a penny from a hundred million. This is the China strategy. It almost never works.

It almost never works because the challenge of reaching that many people is just too great. It's too risky and too expensive. Doesn't matter that you're only hoping for a dollar or a penny. The price isn't the challenge, it's the difficulty in spreading your idea.

Far easier to make a thousand dollars from each of a thousand people, or even $10,000 from a hundred organizations. You can focus on a small hive of people, a group that talks to itself. You can push through a smaller dip and reach a level of recommendation and dominance that makes incremental sales far easier.

And you can learn much earlier in the process if you've gotten it right or not. Because you're making more per sale, you can spend the time necessary to figure out what really sells and modify your offering sooner in the process.

The irony is that many products and services that have reached huge masses of people actually have significant margins (Windows, for example, or a cup of Starbucks). They got the best of both worlds because first they focused on winning small communities over and that led to the larger market.

Dollar voting

From Wikipedia, the free encyclopedia

In economics, dollar voting is an analogy used to explain how the purchasing choices of consumers affect which products will continue to be produced and supplied to the market. Every dollar paid for a particular product may be considered a "dollar vote" for that product, such that the products with the largest number of dollar votes generate the most profit and will therefore continue to be produced. A boycott would be a vote against a product.

The reference to "dollar" is just an example; the principle holds for any currency. The expressions "vote with your wallet" and "vote with your dollar" refer to dollar voting.

Dollar voting is similar in theory to Foot voting.

[edit] Criticism

Some economists, like Amartya Sen, have argued that dollar voting requires near perfect knowledge about any product that one wishes to buy. It is sometimes impossible to know whether a product was made by child labour, for example.

Dollar voting

From Wikipedia, the free encyclopedia

In economics, dollar voting is an analogy used to explain how the purchasing choices of consumers affect which products will continue to be produced and supplied to the market. Every dollar paid for a particular product may be considered a "dollar vote" for that product, such that the products with the largest number of dollar votes generate the most profit and will therefore continue to be produced. A boycott would be a vote against a product.

The reference to "dollar" is just an example; the principle holds for any currency. The expressions "vote with your wallet" and "vote with your dollar" refer to dollar voting.

Dollar voting is similar in theory to Foot voting.

[edit] Criticism

Some economists, like Amartya Sen, have argued that dollar voting requires near perfect knowledge about any product that one wishes to buy. It is sometimes impossible to know whether a product was made by child labour, for example.

Dollar voting

From Wikipedia, the free encyclopedia

In economics, dollar voting is an analogy used to explain how the purchasing choices of consumers affect which products will continue to be produced and supplied to the market. Every dollar paid for a particular product may be considered a "dollar vote" for that product, such that the products with the largest number of dollar votes generate the most profit and will therefore continue to be produced. A boycott would be a vote against a product.

The reference to "dollar" is just an example; the principle holds for any currency. The expressions "vote with your wallet" and "vote with your dollar" refer to dollar voting.

Dollar voting is similar in theory to Foot voting.

[edit] Criticism

Some economists, like Amartya Sen, have argued that dollar voting requires near perfect knowledge about any product that one wishes to buy. It is sometimes impossible to know whether a product was made by child labour, for example.

Dollar voting

From Wikipedia, the free encyclopedia

In economics, dollar voting is an analogy used to explain how the purchasing choices of consumers affect which products will continue to be produced and supplied to the market. Every dollar paid for a particular product may be considered a "dollar vote" for that product, such that the products with the largest number of dollar votes generate the most profit and will therefore continue to be produced. A boycott would be a vote against a product.

The reference to "dollar" is just an example; the principle holds for any currency. The expressions "vote with your wallet" and "vote with your dollar" refer to dollar voting.

Dollar voting is similar in theory to Foot voting.

[edit] Criticism

Some economists, like Amartya Sen, have argued that dollar voting requires near perfect knowledge about any product that one wishes to buy. It is sometimes impossible to know whether a product was made by child labour, for example.

Dollar voting

From Wikipedia, the free encyclopedia

In economics, dollar voting is an analogy used to explain how the purchasing choices of consumers affect which products will continue to be produced and supplied to the market. Every dollar paid for a particular product may be considered a "dollar vote" for that product, such that the products with the largest number of dollar votes generate the most profit and will therefore continue to be produced. A boycott would be a vote against a product.

The reference to "dollar" is just an example; the principle holds for any currency. The expressions "vote with your wallet" and "vote with your dollar" refer to dollar voting.

Dollar voting is similar in theory to Foot voting.

[edit] Criticism

Some economists, like Amartya Sen, have argued that dollar voting requires near perfect knowledge about any product that one wishes to buy. It is sometimes impossible to know whether a product was made by child labour, for example.

Money Origami

Folding paper money (or "money origami") is my one true creative output. My best original designs include spiders, eyeglasses, sailboats, and framed portraits. I got started in high school when I learned how to make a ring out of a dollar bill. I generally make these items to leave as tips. A friend of mine keeps telling me "You should write a book...you could make a lot of money." My slogan is: "Everyone is good at something. Me, I'm good at spending money."

As I get time, I'll enter in the steps for creating a few of them:

Boots Bow Tie Butterfly Eyeglasses

Fan Gift Box Picture Frame Ring

Sailboat Serpent
Shirt Spider Valentine Xmas
Tree

Well, this has evolved a bit. I started with a lousy B&W flatbed scanner, moved to a nice color flatbed, and now I've got access to a color digital camera. That's why these things look so different. When I get some time, I'll probably go back and fix up some of the older pages to be smaller and look nicer, but for now I'm still just adding newer ones.


Money/Dollar Bill Origami Links:

Show Me the Moneygami has some really gorgeous "moneygami". The only shame is that I haven't seen any instructions or links for instructions for any of the work collected here.

Joseph Wu's Origami Page has alot of information about origami in general, including information on books, organizations, etc. There is only a limited amount of dollar bill origami, but so much material information, there is much that could be adapted. Most of the instructions are in PDF format, with a few in JPEG or GIF format.

Dollar Bill Origami by Bob Nienhuis - this page has some original designs (butterfly, pig, rhino, catapult, Christmas tree), and some some other "classics" (peacock, elephant, Star of David). There are instructions for creating the catapult in streaming video format.

Sy's Paper Folding Page has a lot of designs, most are traditional (square paper), but a few are dollar bill based. There are some pretty wicked designs on his page. Unfortunately there are not instructions for many of them yet, but maybe if you email Sy he'll be inspired to put more of them on the web.

This one is pretty strange, but if you need a way out, the Dollar Bill Door may be just what you need.

What can I say? Check Love 22

Money/Dollar Bill Origami Book Links:

Origami Books for the Advanced Beginner has four different books that you can order for folding dollar bills. (Part of Kim's Crane Origami Supplies and Crafts site.)

Fascinating-Folds - Dollar Bill Folds lists eight books on folding dollar bills. (Part of the Fascinating Folds origami site.)

Origami Books has one book that doesn't appear to be listed at other sites: Money Folding (Origami Favorites Series). (Part of the Origami.net site.)

Money Origami

Folding paper money (or "money origami") is my one true creative output. My best original designs include spiders, eyeglasses, sailboats, and framed portraits. I got started in high school when I learned how to make a ring out of a dollar bill. I generally make these items to leave as tips. A friend of mine keeps telling me "You should write a book...you could make a lot of money." My slogan is: "Everyone is good at something. Me, I'm good at spending money."

As I get time, I'll enter in the steps for creating a few of them:

Boots Bow Tie Butterfly Eyeglasses

Fan Gift Box Picture Frame Ring

Sailboat Serpent
Shirt Spider Valentine Xmas
Tree

Well, this has evolved a bit. I started with a lousy B&W flatbed scanner, moved to a nice color flatbed, and now I've got access to a color digital camera. That's why these things look so different. When I get some time, I'll probably go back and fix up some of the older pages to be smaller and look nicer, but for now I'm still just adding newer ones.


Money/Dollar Bill Origami Links:

Show Me the Moneygami has some really gorgeous "moneygami". The only shame is that I haven't seen any instructions or links for instructions for any of the work collected here.

Joseph Wu's Origami Page has alot of information about origami in general, including information on books, organizations, etc. There is only a limited amount of dollar bill origami, but so much material information, there is much that could be adapted. Most of the instructions are in PDF format, with a few in JPEG or GIF format.

Dollar Bill Origami by Bob Nienhuis - this page has some original designs (butterfly, pig, rhino, catapult, Christmas tree), and some some other "classics" (peacock, elephant, Star of David). There are instructions for creating the catapult in streaming video format.

Sy's Paper Folding Page has a lot of designs, most are traditional (square paper), but a few are dollar bill based. There are some pretty wicked designs on his page. Unfortunately there are not instructions for many of them yet, but maybe if you email Sy he'll be inspired to put more of them on the web.

This one is pretty strange, but if you need a way out, the Dollar Bill Door may be just what you need.

What can I say? Check Love 22

Money/Dollar Bill Origami Book Links:

Origami Books for the Advanced Beginner has four different books that you can order for folding dollar bills. (Part of Kim's Crane Origami Supplies and Crafts site.)

Fascinating-Folds - Dollar Bill Folds lists eight books on folding dollar bills. (Part of the Fascinating Folds origami site.)

Origami Books has one book that doesn't appear to be listed at other sites: Money Folding (Origami Favorites Series). (Part of the Origami.net site.)

Money Origami

Folding paper money (or "money origami") is my one true creative output. My best original designs include spiders, eyeglasses, sailboats, and framed portraits. I got started in high school when I learned how to make a ring out of a dollar bill. I generally make these items to leave as tips. A friend of mine keeps telling me "You should write a book...you could make a lot of money." My slogan is: "Everyone is good at something. Me, I'm good at spending money."

As I get time, I'll enter in the steps for creating a few of them:

Boots Bow Tie Butterfly Eyeglasses

Fan Gift Box Picture Frame Ring

Sailboat Serpent
Shirt Spider Valentine Xmas
Tree

Well, this has evolved a bit. I started with a lousy B&W flatbed scanner, moved to a nice color flatbed, and now I've got access to a color digital camera. That's why these things look so different. When I get some time, I'll probably go back and fix up some of the older pages to be smaller and look nicer, but for now I'm still just adding newer ones.


Money/Dollar Bill Origami Links:

Show Me the Moneygami has some really gorgeous "moneygami". The only shame is that I haven't seen any instructions or links for instructions for any of the work collected here.

Joseph Wu's Origami Page has alot of information about origami in general, including information on books, organizations, etc. There is only a limited amount of dollar bill origami, but so much material information, there is much that could be adapted. Most of the instructions are in PDF format, with a few in JPEG or GIF format.

Dollar Bill Origami by Bob Nienhuis - this page has some original designs (butterfly, pig, rhino, catapult, Christmas tree), and some some other "classics" (peacock, elephant, Star of David). There are instructions for creating the catapult in streaming video format.

Sy's Paper Folding Page has a lot of designs, most are traditional (square paper), but a few are dollar bill based. There are some pretty wicked designs on his page. Unfortunately there are not instructions for many of them yet, but maybe if you email Sy he'll be inspired to put more of them on the web.

This one is pretty strange, but if you need a way out, the Dollar Bill Door may be just what you need.

What can I say? Check Love 22

Money/Dollar Bill Origami Book Links:

Origami Books for the Advanced Beginner has four different books that you can order for folding dollar bills. (Part of Kim's Crane Origami Supplies and Crafts site.)

Fascinating-Folds - Dollar Bill Folds lists eight books on folding dollar bills. (Part of the Fascinating Folds origami site.)

Origami Books has one book that doesn't appear to be listed at other sites: Money Folding (Origami Favorites Series). (Part of the Origami.net site.)

Money Origami

Folding paper money (or "money origami") is my one true creative output. My best original designs include spiders, eyeglasses, sailboats, and framed portraits. I got started in high school when I learned how to make a ring out of a dollar bill. I generally make these items to leave as tips. A friend of mine keeps telling me "You should write a book...you could make a lot of money." My slogan is: "Everyone is good at something. Me, I'm good at spending money."

As I get time, I'll enter in the steps for creating a few of them:

Boots Bow Tie Butterfly Eyeglasses

Fan Gift Box Picture Frame Ring

Sailboat Serpent
Shirt Spider Valentine Xmas
Tree

Well, this has evolved a bit. I started with a lousy B&W flatbed scanner, moved to a nice color flatbed, and now I've got access to a color digital camera. That's why these things look so different. When I get some time, I'll probably go back and fix up some of the older pages to be smaller and look nicer, but for now I'm still just adding newer ones.


Money/Dollar Bill Origami Links:

Show Me the Moneygami has some really gorgeous "moneygami". The only shame is that I haven't seen any instructions or links for instructions for any of the work collected here.

Joseph Wu's Origami Page has alot of information about origami in general, including information on books, organizations, etc. There is only a limited amount of dollar bill origami, but so much material information, there is much that could be adapted. Most of the instructions are in PDF format, with a few in JPEG or GIF format.

Dollar Bill Origami by Bob Nienhuis - this page has some original designs (butterfly, pig, rhino, catapult, Christmas tree), and some some other "classics" (peacock, elephant, Star of David). There are instructions for creating the catapult in streaming video format.

Sy's Paper Folding Page has a lot of designs, most are traditional (square paper), but a few are dollar bill based. There are some pretty wicked designs on his page. Unfortunately there are not instructions for many of them yet, but maybe if you email Sy he'll be inspired to put more of them on the web.

This one is pretty strange, but if you need a way out, the Dollar Bill Door may be just what you need.

What can I say? Check Love 22

Money/Dollar Bill Origami Book Links:

Origami Books for the Advanced Beginner has four different books that you can order for folding dollar bills. (Part of Kim's Crane Origami Supplies and Crafts site.)

Fascinating-Folds - Dollar Bill Folds lists eight books on folding dollar bills. (Part of the Fascinating Folds origami site.)

Origami Books has one book that doesn't appear to be listed at other sites: Money Folding (Origami Favorites Series). (Part of the Origami.net site.)


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