One of the mos6t popular subjects here at PhilFAQS.com is “how to make money”.
Some people are looking to make money with an online business in the Philippines
Some people are looking to start “dirt based”, conventional offline businesses
Some people want a way to make money while they are still back in the USA to finance a future move.
Doesn’t matter what the exact details are, the common thread is that most of you interested in any job or business is, “how to make money”.
Am I right?
- 1 Am I right?
- 1.1 Stop Thinking About Making Money and You Will Make Money:
- 1.2 Microsoft and Bill Gates
- 1.3 Apple and Steve Jobs and Steve Wozniak
- 1.4 Google and Larry and Sergi
- 1.5 PlentyofFish.com and Markus Frind
- 1.6 Sulit.com and RJ and Arianne David
- 1.7 Conclusion:
- 1.8 Related Posts
- 1.9 Readers who viewed this page, also viewed:
- 1.10 Share this Article:
Well I could easily write thousands and thousands of words on that subject and still never even begin to exhaust the subject. And you don’t want to read thousands and thousands of words, either, I am sure.
What if I gave you just the one absolutely most important tip I think has ever been given … want to hear it? I’m not charging anything ,,,,
Stop Thinking About Making Money and You Will Make Money:
Sounds crazy? Well you are entitled to your opinion, but let me tell you why I think there is a lot of truth in that tip, even if it, at firsts, sounds contrary to what you think you need to do.
Let’s focus first on online, or primarily online driven businesses.
If we see where they got their start, what the ‘spark’ was that got the founders going on actually “doing something” rather than “thinking about it”, I believe we could all learn something.
Microsoft and Bill Gates
Microsoft was founded by a goofy, “nerd” type name of Bill Gates (and a few other ‘nerdy types” he hung out with.
Do you think Bill Gates sat pondering one day and started wracking his brain for something he could make money with?
Nope. He was issued a challenge to design a very small operating system that would fit in a very limited memory space on a newly developed computer chip. The words, It can’t be done” may have been said … I don’t know for sure, I wasn’t there.
Well Bill, fancying himself a pretty crafty and competent little upstart programmer took on the challenge … there was money involved, I believe, but it was small potatoes, Gates wanted to show off his competence and win for the trill of winning.
Bottom line? He won the challenge and the rest is history. Microsoft is a very, very profitable company, but it sure was not founded to make money.
Apple and Steve Jobs and Steve Wozniak
Talk about profitability … Apple has more cash money than the entire US government. Surely there was a profit potential there?
Well, actually, “Woz” was a real programmer “wonk” type and Jobs was his buddy … a buddy who probably couldn’t program half as well as his nerdy buddy, but wanted to.
Woz built the first working Apple computer, and Jobs, looking at the various kit and component “put it together yourself” ventures that passed for the personal computer market in those days, came up with the idea of putting Wozniak’s bread boarded “kludge” into a tidy plastic case, strictly to sell to the local computer hobbyist nerds. he wanted to make life easier for other computer hobbyists and introduce the world of personal computing to folks who were scared of soldering irons and voltmeters.
It’s impossible to say how much Jobs had profit in mind, but it’s pretty safe to say it was rather low on his priority list … he wanted to “Change the World” in the microcosm of the world he was operating in … profit was never his driving fore.
Heck, he even got himself thrown out of the top job in Apple mainly because he refused to compromise some of his principles to increase corporate profits. You think money was the riving force behind Apple? Hardly.
Google and Larry and Sergi
One of the most profitable ventures ever online was (and of course still is), Google. Larry Page and Sergi Brin were college students using the web for research, social activates and whatever when they decided that the existing search engines (and there were many at the time), did not do as good a job with search as they thought they should.
So they sat down and started designing a “better search”. There was no real profit n search, and Sergi and Larry had no profit motive in mind … they just wanted to make search better .. their main way of making profit … selling ads, came way after their first goofy little search engine (at that time called “BackRub”) first went online for the masses.
OK, to high in the business stratosphere for you,.. how about something closer to home …
PlentyofFish.com and Markus Frind
Not familiar with Plenty of Fish? Well you aren’t into dating then, because POF is the number one dating … or match making site in the world by several measures. I makes a LOT of money for it’s owner Markus Frind. Easily into the millions per month range.
So let me see, this genius, Markus, decided there were millions to be made in the “relationships” business and he set out to rake in the dough?
Wrong. Here’s how Markus, in his own words, started Plenty of Fish …
Back in 2001 after my birthday someone in the office introduced me to online dating sites. I went back to my desk and checked out udate.com and kiss.com and lavalife/web personals. I was bored and I wanted to chat with people. I was really annoyed when I found out you had to pay for everything, I ended up telling the girl who introduced me to the sites that I could do better and make them for free, so I went and registered Plentyoffish.com. All I ever ended up doing was creating an index page and forgot about it (emphasis supplied)…
Profit minded? No he wanted to take what was already out there, in large supply, and do it better and make it free. Had Markus just started yet another online dating site, where do you think he’d be today?
Got time for just one more? Directly connected to the Philippines?
Sulit.com and RJ and Arianne David
If you are interested in finding things to buy or have things to sell in the Philippines, you surely know sulit.com. It was founded by a husband and wife team, RJ and Arianne David, to to provide a “free online classified” service … note that there wasn’t any “make money” perspective there at all when they launched. The couple wanted to provide a service to fellow Filipinos … and legend ha sit that RJ, who is the ‘geek” of the family, was asked to put together some way for wife Arianne so they she could be busy contributing something while RJ was busy doing high level program development stuff.
Sounds like the guy who helped his wife open a sari-sari store while he was busy blogging or some such story, doesn’t it?
OK. what did you learn from all these little vignettes?
I say two important things.
First … there is nothing new unde
r the sun. None of these ventures became big and successful because they had any “uniqueness’ at all. There were plenty companies and web sites in each of their niches which did the same, or extremely similar things. If you are sitting and waiting until you get the money to launch that “one great secret idea” of yours, you are likely to wait forever,.
Second … they all wanted to make something work better for users out there. Profit came a long way down the road from ‘launch’. They found a need and filled it for people, THEN worried about how to make a buck off it.
This is exactly the opposite model most people who talk to me about business have .. so many out there are ‘stuck’, casting about for the one, great money making idea. Wrong strategy in my view.
Oh, and a bonus third fact I am throwing in for those who stayed with me all the way trough this article:
All these success stories and many more share one fact … the founders LAUNCHED.
They didn’t sit and wait, doing their “Due Dill-Dally-ance” until opportunity passed them buy.
And very few asked for (or could even qualify for) business loans or investors at the start. The “kiss of death” for any Internet startup, in my view, is having investors, who actually “own” what you are trying to build, making you wait for approvals, complaining about the way what you have implemented looks and stifling your creativity and your ability to take a chance and try tings.
Find a need and Fill IT … that’s the real secret, fellows and gals. Money follows success.