Answer These Nine Questions And You Could
Be On Your Way To Becoming A Millionaire!

There are nine simple questions to answer before you can make any real money. These questions are fundamental in building a successful business! These nine questions are:

1) What Are You Going To Sell?

This is a most basic question. You must decide what business you are in before you can go any further. You must decide what you will be selling. What product will you sell? Has it been tested? If it has, was it successfully tested? What price was it offered at? These are questions you will need to answer as part of the overall goal of deciding what to sell.

2) Have You Researched The Potential?

Is there a large segment of the market that will want your product? What is the size of your overall market? What is the potential dollar amount for profits? What will be the best media outlet for advertising? What is the future market? Will it be the same, smaller, or will it grow? Can you easily introduce new products or services in the future?

3) Can You Serve The Market Better?

If your product or service is offered to the public already, can you offer it at a better price or better quality? Can you give better customer service? If you can offer a better price, can you still turn a large enough profit?

4) Will You Be Able To Break Through The Barriers?

What other businesses are targeting the same market? Are they large, well-financed companies that have already saturated the market? Will they counter your prices by lowering their prices? Are your supply sources able to keep up the demand you will encounter? Have you arranged for enough financing to carry you through your first year(s) until you show substantial profits?

5) What Is Your Overall Marketing Strategy?

Will you specialize in one area, or will you diversify and offer a variety of products and services? Will your product(s) be marketed to a general audience or will you only target a select market segment? Is there a limited supply of your product, or can you get as many as you want whenever you want? You don't want your supply to run dry right at peak sales times!

6) Will You Be A Tactician?

What tactics will you employ to accomplish your goals? What special offers will you make? How do you plan to keep an eye on your competition? Do you know what media you will use to test the marketability of your products and services? Do you know when your competition advertises and how they do it? Do you know what your competition is doing wrong that you can use to your advantage?

7) Will You Be Delegating Authority?

Who will be responsible for writing your ads, sales letters, etc.? Who will be in charge of ordering inventory, shipping the product, taking orders, etc.? Who will keep track of all your book-keeping? Will you do all this yourself, or will you hire outside help?

8) How Will You Stay On Top Of Things?

Which offers are pulling the best response? What are your net profits on each offer? Which media is pulling the most sales? Are you prepared to sort and analyze these patterns of buying? Does your market analysis determine that there is a need to create additional products and services for your customers?

9) Does Your Plan Include A Budget?

How much money will it take to maintain and support your marketing goals? Have you limited your growth by not allowing enough capital for new marketing tests? How many mailings can you afford to do on a weekly or monthly basis? How much will you need to pay for mailing lists, etc.? What percentage return do you need just to break even and cover your costs?

Answering and then re-answering these nine questions will help you take the mystery out of making a ton of money! A good marketer will constantly re-evaluate and ask himself these nine questions!

 

This article is only one of an entire series of articles called "Million-Dollar Secret Methods," by Marketing Expert T.J. Rohleder,
Co-Founder of M.O.R.E. Incorporated. To see the full list of articles, please click here.
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