Wednesday, March 28, 2007

How can an ordinary person made a million in one day ....


I made a million in one day. In fact in 2004, I did that 3 times. Recently was another example.

Last week we did a Internet marketing program in Singapore. In the program, Stephen Pierce asked me how much should he price his backend product? He wanted to sell his product at US $10,000. There were 3 different suggestions from the team. June, our database manager from Malaysia, suggested we price it in Malaysia Ringget at RM 10,000 - equivalent to S $4,300 or US $2,687. One Singapore staff suggested we should price it in Singapore dollars at S $10,000 equivalent to RM 23,000 or US $6250.

I spoke to Stephen Pierce. His offer was very very compelling. I am confident that he can sell it higher. So I voted to price his product at US $10,000 or equivalent to RM 40,000 or S $16,500.

In the end, Stephen sold 50 products at US$10,000 each and grossed US$500,000 or equivalent to RM 2,000,000 or S$825,000 in just 1 hour.

If we had priced it at June's suggestion of RM 10,000 (US$2,687), we would have sold only RM 500,000 and make less money by an amount of RM 1,500,000. (US$400,000) This is more than what 85% of Malaysians would make in their whole working life.

Is Stephen Pierce just lucky that he made an extra RM1,500,000 or US$400,000 without spending a single cent or effort more? NO, I don't believe luck has anything to do with it.

I believe that he can make a million a day because of his belief in himself and his self-esteem. Its funny how self-esteem works. If you have high self-esteem and believe in yourself, you get paid more. How much money you have in your bank account can be a reflection of your self-esteem too. It may not be too scientific but I think it is pretty accurate.

You realise that it does not take more effort to make more money than little money. In this case, just by believing in yourself you make more money.

You deserve to be successful. Have confidence in yourself. You can do it.

5 comments:

Anonymous said...

I have witnessed a million dollar in one day process TWICE so far. I have the confident everytime they ask me how much do you target and when I said 1 million. I'll make sure I hit it. And I hit it twice already. Not with my effort alone. but I do my best in supporting in any manner possible to make sure we hit our target. It was fun seeing the money coming in. But in the end it's not all about money. It's the satisfaction. We'll definately do more of this. I am sure.

Phoebe

Anonymous said...

I have witnessed a-million-in-one-day twice. And I am sure we're going to do it again and again. I am sure =)

Phoebe

Anonymous said...

Hi Richard,

Very true. I'd agree that value is what sells, and self-esteem is an important vehicle to help you to carry out that sale successfully!

Of course, to be able to "up the price" to a widely acceptable one would depend on how well (and extensive) a company brands its image too :)

Thank you for this important lesson learnt! Very valuable blog you have here!

Cheers,

Richard Tan said...

Hello Phoebe, keep up the great work. Richard

Anonymous said...

Dear Richard,

Hi! I attended your No Money Down Seminar at Holiday Villa, Subang last March 29th.

Really appreciate your sharing of your experiences in getting the properties. It was very interesting!

You mentioned that the Power Point material can be found here in you blog, but I couldn't find it..

1. Could you please advise where it is?

2. You also mentioned that you'll share with us on how you got the property at Takashimaya at the end of the presentation, but I guess you've forgotten. Appreciate if you could share it.

Btw, fyi I'd really love to attend Bellum's seminar as stated in the No Money Down preview, but I'll be attending another seminar organized by you at the end of this month - so, at the moment, don't have extra "resources". :(

Till then, thanks in advance for your replies.

Cheers & God Bless!

Norzaini, KL.