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><channel><title>AbelCheng.com &#187; Business Building</title> <atom:link href="http://www.abelcheng.com/category/business-building/feed/" rel="self" type="application/rss+xml" /><link>http://www.abelcheng.com</link> <description>Online Entrepreneurship. Blogging. Life.</description> <lastBuildDate>Fri, 08 Jul 2011 05:49:09 +0000</lastBuildDate> <language>en</language> <sy:updatePeriod>hourly</sy:updatePeriod> <sy:updateFrequency>1</sy:updateFrequency> <generator>http://wordpress.org/?v=3.2</generator> <item><title>Sustainable Business: Play it to Win or Play it to Draw</title><link>http://www.abelcheng.com/sustainable-business/</link> <comments>http://www.abelcheng.com/sustainable-business/#comments</comments> <pubDate>Fri, 08 Jul 2011 05:48:21 +0000</pubDate> <dc:creator>Abel Cheng</dc:creator> <category><![CDATA[Business Building]]></category> <category><![CDATA[Making Money]]></category> <category><![CDATA[Wealth Mindset]]></category><guid
isPermaLink="false">http://www.abelcheng.com/?p=320</guid> <description><![CDATA[I really like this post by Steve Pavlina that I wanted to share it here with you. Enjoy! One of the most potent lessons I’ve ever learned (and would love to impart to you) is just how powerful a seemingly simple perspective shift can be. Dr. Wayne Dyer says, “When you change the way you [...]]]></description> <content:encoded><![CDATA[<p></p><p><em>I really like this post by <a
href="http://www.stevepavlina.com/" target="_blank">Steve Pavlina</a> that I wanted to share it here with you. Enjoy!</em></p><p>One of the most potent lessons I’ve ever learned (and would love to impart to you) is just how powerful a seemingly simple perspective shift can be.</p><p>Dr. Wayne Dyer says, “When you change the way you look at things, the things you look at change.” I hope you realize just how profound that statement is. But just in case you don’t, let me share a personal story about it.</p><p>During my first 5 years in business (1994-1998), I lost money every year, turning my $20K life savings into $150K of debt. That’s a net loss of $170K, or $34K per year on average. In 1999 I finally went bankrupt when my credit ran out.</p><p>Every year since then, my business made a decent profit.</p><p>So I suffered a negative cashflow each year from 1994-1998, and then from 1999 – present (12 years in a row and counting), I enjoyed a positive cashflow each year.</p><p>What the heck happened in 1999? What was responsible for this major change in results?<span
id="more-320"></span></p><h3>Learning How NOT to Make Money</h3><p>I can actually pinpoint the exact moment when I felt the shift. I underwent a radical change in my perspective. I turned the way I thought about business upside down. My attitude and my motivation changed.</p><p>Obviously there were some catalyzing experiences that led to this epiphany such as getting kicked out of my apartment and going bankrupt, but when the conditions were right for it, the actual mental and emotional shifts happened fast — in a matter of minutes. It was like flipping a switch, partly in my mind… but mostly in my heart.</p><p>Here are the main before-and-after differences:</p><p>During my first 5 years in business, I focused on making my business <em>successful</em>. I pursued deals, money, and projects as if they were things to be acquired. I wanted to create hit products that sold well (computer games at the time). My motivation had a lot to do with proving myself, with making my mark on my particular field. I visualized my games getting glowing reviews, and I imagined seeing them selling in software stores. Money was a big concern. I always went for the deal that I expected would put the most money in my pocket and lead to the greatest success.</p><p>During my last 12 years in business, I focused on <em>having fun, enjoying life,</em>and <em>creatively expressing myself</em>. I stopped worrying about whether or not I was ever going to be successful. The bankruptcy supplied plenty of proof that I’d already failed dismally, so I didn’t see any point in continuing to pursue the same priorities that led me there. I was using a cardboard box as a piece of furniture, a symbol of just how much financial success I’d been able to achieve. Since I’d been soundly thrashed while playing the success game, I decided to change the rules and try my hand at the “let’s just play for fun” game.</p><h3>A Tale of Two Mindsets</h3><p>My initial motivation for starting my computer games business was to make more money. For several months before that, I worked as a contract game programmer on the side while going to college. I completed a 4-pack of Windows games, doing all of the programming and much of the design work for a local games company. When the games got published, I received about $1 in programmer’s royalties for every $7 the company received. Other people at the company contributed artwork, music, and some design work, and of course they closed a deal with a publisher too. But these were fairly basic games from a resource standpoint, and it was clear to me that I was doing well over 50% of the actual production work, probably 70-80% in terms of sheer hours invested. I even wrote the help files and instruction manuals.</p><p>I recognized that with a bit more effort, and with the help of the right people, such as an artist and a musician, I could essentially do what this company was doing, and I’d get to keep a lot more of the profits. Finding talented people to work with wasn’t too difficult, so soon I was off and running.</p><p>I had the technical and design skills to create more games at least as good as those I created for the local game company, but after years of trying, I was never actually able to make a profit.</p><p>While running the business for the first 5 years, I was constantly looking for ways to make money. If I smelled potential dollar signs, I’d chase after them. I ran after a lot of elusive deals that fizzled, fell apart, or collapsed, even after some advances were received.</p><p>I worked hard, hard, hard, sometimes even sleeping at the office. But I could never get the money coming in with any consistency. Ironically the harder I tried to make money, the faster I lost money. Instead of the Midas touch, I somehow mastered the Medusa touch.</p><p>Looking back, I didn’t do that initial contract programming work for the money. I did it for the love of game programming. I was in college at the time, and a friend pointed out a flier about a game programming position. He suggested I take a look at it because he knew I was into computer games, and we were both computer science majors close to graduating. It seemed like a wonderful opportunity to me.</p><p>I went for an interview with the company. I felt confident about getting the job, and I really didn’t care how much they paid me. I just wanted to work on games. So when they asked me how much I wanted to be paid, I said “$10 an hour,” which was a ridiculously lowball amount. Game programming may not pay as much as some other types of programming, but it certainly pays more than $20K per year, even for a starting programmer who’s still in school.</p><p>That company hired me on the spot, and I must say they got a great deal. I hit the ground running and threw myself into the first project they assigned me. They were stunned that I had a prototype up and running after only 9 days, and they actually pulled me off that project and assigned me something more ambitious.</p><p>One time my project manager asked me how many hours a week I was putting in. This was during the summer when I wasn’t attending classes. I told him about 40 hours, which would have seemed reasonable because I worked at their offices Mon-Fri during normal business hours. But I actually lied. In truth I continued working on their game projects at home on evenings and weekends. Realistically I was probably putting in 60-80 hours most weeks. And those hours were dedicated to solid coding work, not to email or any other distractions. I said that I worked 40 hours a week because I didn’t want to make the other programmers in the company seem less dedicated. I was on good terms with them — and I wanted to keep it that way.</p><p>I wasn’t working hard and fast for low pay to impress anyone. I did it for the sheer love of the work. I was enthralled by the technical challenges of each game. There was nothing else I wanted to be doing. I probably would have done that work for free.</p><p>Within a month or two, I think the management of the company could no longer stomach seeing me do such high quality work for so little, so they voluntarily doubled my pay. I didn’t request it, but I received it with gratitude. $20 per hour is a lot for a college student.</p><p>By the time the royalties were added in (after the game hit store shelves the following year), I probably ended up making about $50 per hour for programming those games, even though I only asked for $10 per hour. Plus it was really cool to walk into software stores and see something I created on the shelves.</p><p>That’s rather beautiful, isn’t it? I certainly thought so. It’s a classic example of sowing first, then reaping.</p><p>And then over the next 5 years, I proceeded to take this beautiful model and completely screw it up.</p><p>I underwent a perspective shift that seemed intelligent at the time. The potential for greater success hit me, and I began seeing dollar signs. That local games business immediately offered me another project to work on, and I turned them down so I could start my own game development business. I did that specifically because I wanted to make more money.</p><p>It seemed like a good idea at the time. I was simply expressing the American entrepreneurial spirit, right?</p><h3>Getting My Ass Kicked by Kolrami</h3><p>After 5 years of total failure, I finally had to admit that my great plan wasn’t working. Going bankrupt was a hint and a half that something went awry. The more I chased after money, the faster it ran away from me, as if screaming, “The horror! The horror!”</p><p>So in 1999 I finally gave up. I didn’t enjoy living this way. It wasn’t producing the results I wanted, so for that reason alone I could justify declaring “game over.” But beyond that, those 5 years were very frustrating. I did my best to be positive and optimistic, but seeing some great projects canceled after years of work were serious disappointments.</p><p>In my moment of epiphany, I realized that my decision to pursue money was when everything started going kittywompus. Becoming more financially ambitious simply did not work.</p><p>In the <em>Star Trek: The Next Generation</em> episode “Peak Performance,” the master strategist Kolrami competes with the android character Data in a game of Strategema. The crew expects Data to win, just as you’d expect a modern chess-playing computer to kick your ass at chess. They confidently advise Data to take the shortest path to victory in order to put a dent in Kolrami’s smugness. However, Kolrami soundly defeats Data without breaking a sweat. Data is stunned by the loss and assumes he must have some kind of programming defect, going so far as to remove himself from active duty until he can figure out what’s wrong with him.</p><p>Later in that episode, Captain Picard informs Data that it’s possible to make no mistakes and still lose. This leads Data to challenge his assumptions about the game. He accepts Kolrami’s offer of a rematch, and this time he plays Kolrami to an endless stalemate, leading Kolrami to eventually surrender in disgust. The crew celebrates Data’s victory and asks how he did it.</p><p>Data confesses that he couldn’t defeat Kolrami by playing to win because that’s what Kolrami expected him to do. Every advantage-maximizing move that Data attempted was blocked by a superior counter-move from Kolrami. So in the rematch, Data used a different strategy. He bypassed obvious avenues of advancement and played for a draw instead of trying to win. This visibly frustrated Kolrami and allowed Data to theoretically play the game indefinitely, rendering defeat impossible.</p><p>This episode may contradict game theory and minimax algorithms, assuming that Data could search ahead more moves than Kolrami could, but setting aside that issue, I found tremendous value in this lesson. It seemed like the perfect analogy for my own situation. I felt like I’d made no serious mistakes, but I still lost. When I reviewed my previous moves, they still seemed reasonable even though they led to failure, and pondering whether I might have a defective brain proved as unhelpful to me as it did to Data.</p><p>During my first 5 years in business, I played to improve my financial score. I saw each business negotiation partly as a competition. If I got more money out of a deal, it meant that the other party got less. The more I succeeded in setting things up to maximize my financial score, the more I had to diminish the scores of others. In order to maximally win, someone else had to lose, at least a little bit. The harder I tried to win, the more friction I created that would ultimately cause me to lose.</p><p>Maybe some people are good at playing this kind of game. I wasn’t. Someone always had more resources, more time, or more expensive lawyers. The more I pressed for gains, the more I felt an opposing force pushing back against me. This led to many problems such as delays and cancelations. I could blame others for it, but the truth is that I was responsible for creating that reality.</p><p>When Internet marketers treat you as a dollar sign, can you sense it? Can you feel that tugging sensation — the sense that their main motivation is to get something from you? How does this ultimately affect your relationship with them?</p><h3>Bypassing Obvious Avenues of Advancement</h3><p>In 1999 I decided to stop trying to make money. I stopped trying to achieve success. I had 5 years of failure to convince me that it was time to change my approach. The bankruptcy was like a bonk on the head that told me I’d better not live the next 5 years like I lived the last 5. I had no more credit and no more cash to burn, so I had to make immediate changes. I had little choice but to try a different path.</p><p>When I tried to succeed, Kolrami always showed up to kick my ass. I could never defeat him no matter how hard I tried. The harder I tried, the more vigorously he thrashed me.</p><p>So I surrendered to his superior skills. I stopped trying to win. I accepted the irony that trying to get a higher financial score actually doomed me to a negative score. The opposing force was always greater than anything I could overcome.</p><p>I decided to apply Data’s lesson to my business. Instead of trying to win, I began to play for a draw. I bypassed what seemed like obvious avenues for financial advancement, recognizing that it was exactly what Kolrami expected me to do. If I made those self-maximizing moves, he would simply knock me back, and I’d be worse off than when I started. Again, I had 5 years of experience to drill this lesson into me.</p><p>In practice what this meant was that I stopped trying to maximize revenue or profits. In each business transaction, I opted to give more than I received in return. I always sought to leave extra value on the table.</p><p>For example, in mid-1999 I priced my next game release at only $9.95, even though I believed a competitive price would have been $19.95. I began writing articles for free. I committed hundreds of hours to unpaid volunteer work. I hosted free discussion forums on my website to help other game developers succeed. I spoke at conferences and hosted roundtables for free. I made it impossible for Kolrami to counter my moves because my moves weren’t competitive.</p><p>Last year I uncopyrighted all of my articles and podcasts and donated all of them to the public domain. I also committed to placing my new articles directly into the public domain (including this one). I encouraged people to republish, translate, and/or sell my work for their own financial gain if they wanted to.</p><p>I deliberately and intentionally earn less revenue and less profit than I feel I’m capable of earning. When it comes to income generation, I hold back when it seems like the logical move would be to advance. While Kolrami expects me to play to win, I’m actually playing for a draw.</p><h3>Playing for a Draw</h3><p>When I played to win, I lost for 5 years in a row. I never actually won. Even when it seemed like I nailed a winning move, it always turned out to be a mistake that led to my being checkmated several moves later.</p><p>When I played for a draw, I was able to make money for 12 years in a row. And I didn’t have to work nearly as hard to make that happen.</p><p>When you play to win in a competitive game, you’re playing for someone else to lose. If you want to maximize revenue or profits, you need to maximize the amount of money your customers or clients pay you. The more money you make, the less money they get to keep. You can only go so far down this path before you start meeting serious resistance. And the more tactics and techniques you use to try to combat that resistance, the stronger the resistance becomes.</p><p>How many businesses have had to learn this lesson the hard way? The more they try to extract the maximum amount of money from you, the more you feel driven to resist them, such as by resorting to piracy to cut them out entirely.</p><p>Which businesses do you dislike most? Do you feel those businesses are playing to win at your expense? How does that affect your ongoing relationship with them?</p><p>What are your favorite businesses? Why are they your favorites?</p><p>One of my favorite businesses is Google. I like them because I feel they give me a lot more value than they ask in return. They provide me with a free search engine, free email, free calendar, etc. I benefit from their engineering expertise every day, and I’m grateful for it. I’ve paid them back in some ways over the years, such as by generating hundreds of thousands of dollars of business for them when I had Adsense on my blog… and probably millions if you include all the referrals I must have sent their way, such as other bloggers who signed up for Adsense after learning about my results with it.</p><p>Facebook, on the other hand, left me feeling used and abused after two years as an active user of their service. So I shut down my personal page and my fan page and wrote <a
href="http://www.stevepavlina.com/blog/2011/01/leaving-facebook/">multiple</a> <a
href="http://www.stevepavlina.com/blog/2011/02/30-day-facebook-fast/">articles</a> about why I had to abandon them and take my social networking to greener pastures. Ironically, one of those articles racked up 2000+ Facebook <em>likes</em>.</p><p>Of course these evaluations are being continually refreshed. Google might screw up, and I may have to bid Larry and Sergey adieu. Facebook might correct its problems, and I’ll have to refriend Zuck. But for now, my perception is that Google is still playing <em>with</em> me, while Facebook still wants to play <em>at</em> me.</p><h3>Becoming an Enigma</h3><p>What does it mean to win? What does it mean to succeed? Does it even make sense to pursue these ideals?</p><p>I learned the hard way that it’s actually easier to enjoy an abundant and fulfilling lifestyle by playing for a draw instead of playing to win or succeed.</p><p>When you play for a draw, you change the way others relate to you. They may not understand this consciously, but they’ll behave differently towards you nonetheless.</p><p>Some of your decisions may confuse people at first, especially if they’re used to dealing with businesses that play to win, but generally people seem to respond positively. A business that plays for a draw is a breath of fresh air.</p><p>When you leave extra value on the table without trying to extract it, that value rolls over into goodwill, which is the lifeblood of a sustainable business.</p><p>For example, by giving away so much free content, my business receives a massive number of referrals. New referrals happen every single day — passively and with zero marketing costs.</p><p>I’ve done okay financially too. Not counting income from my workshops or my book, my blog alone has generated well over $1 million in revenue since I started, mostly from joint-venture promotions and affiliate programs. That’s plenty for me to sustain a positive cashflow and to enjoy an abundant lifestyle.</p><p>What about the economy? I live in Nevada, which has the highest unemployment rate of any U.S. state, according to the U.S. Dept of Labor. Lots of people here are looking for ways to make money, and they’re getting thrashed by Kolrami. They’re trying to beat a game that they can’t win. The odds are better in the casinos.</p><p>The irony, however, is that I perceive my actual income as much lower than it could be if I put more effort into it. There are lots of ways I could potentially earn more money, and some are dirt simple. For instance, for about an hour’s work, I could immediately start earning at least an extra $10K per month in passive income just by putting up Google Adsense ads, which I used to have on the site for several years. See <a
href="http://www.stevepavlina.com/blog/2008/10/dropping-adsense-saying-goodbye-to-100k-per-year-in-easy-income/">this post</a> if you want to know why I dropped Adsense. I deliberately choose not to earn this money.</p><p>Now you might be wondering, <em>What kind of idiot would pass up an easy $10K/month in passive income?</em> The kind of idiot who’s had his ass kicked by Kolrami way too many times. <img
src="http://www.stevepavlina.com/blog/wp-includes/images/smilies/icon_smile.gif" alt=":)" /></p><p>You see… I don’t run my business to optimize revenue or profits. When I tried to do that, my real-world results were the exact opposite of what I wanted. So these days I deliberately make business decisions that leave significant value on the table, untapped and unextracted. Kolrami cannot make sense of these moves, and therefore he cannot counter them. Consequently, any potential competition with him remains in a state of perpetual stalemate. He cannot defeat me, and theoretically I can keep playing indefinitely.</p><p>Instead of seeing me as a competitor, my peers in this field tend to regard me as a bit of an enigma. Many of them became very curious when I did the whole copyright giveaway thing last year. From their perspective it seemed like a very risky thing to do, perhaps even foolhardy. Some regard it as very brave, while others simply don’t know what to make of it. Most aren’t willing to go down a similar path, preferring to keep all their work copyrighted so they can control it. They know that I’m an intelligent and strategic thinker, but since this action doesn’t really make logical sense from the standpoint of maximizing revenue, they don’t perceive me as any sort of competitive threat, so by default I’m treated as a non-threatening ally. And the truth is that I’m not a competitive threat of any sort because I’m not playing this game to win. I’m still playing for a stalemate with Kolrami, and I plan to continue doing so indefinitely.</p><p>Making money is very easy now. I don’t consider myself uber-rich, but I’ve achieved what I consider to be functional abundance. All my bills are paid, and I have sufficient income to enjoy the lifestyle I desire. I can work when I want and take time off when I want. And I feel I can keep this going indefinitely.</p><p>Even though I’ve made plenty of money from this business, I always have the sense that I could be earning many times more than what I’m actually earning. But I deliberately avoid that level of success, not because I’m resistant to success but because I recognize that the pursuit of such success is a trap.</p><p>It was a major lesson for me to learn that I can actually make more money by trying to make less money. I can achieve more success by trying to succeed less. This is what has actually worked for me in the real world.</p><p>The path of abundance isn’t the path that maximizes velocity. It’s the path that minimizes friction. If you try to maximize velocity, you end up maximizing friction too, thereby causing massive amounts of heat. Ultimately, you burn up.</p><p>If you race to every destination by driving as fast as your car will allow, is that the optimal approach? Or is it better to intentionally hold back a bit, driving at speeds well below your car’s maximum potential?</p><h3>Success = Sustainability</h3><p>Instead of seeing success as some kind of accomplishment, victory, or conquest, I think it’s wiser and more effective to define success as sustainability.</p><p>This isn’t just about how we run our lives or businesses. It’s about how we relate to each other and to our planet as a whole.</p><p>Is the most successful energy company the one that extracts and sells the earth’s resources as quickly as possible? Is a successful relationship one in which you extract maximum value from your partner, leaving them drained at the end of each day?</p><p>I like Stephen Covey’s analogy of the goose and the golden eggs. If you try to maximize all-out production by extracting as many golden eggs as possible, you eventually kill the golden goose, thereby causing your production capacity to crash. For long-term sustainability, you must nurture the golden goose. Getting greedy with the eggs will cause Kolrami to swoop in and turn your goose into foie gras.</p><p>The game of business isn’t winnable. No matter how hard you play to win, you’ll always lose in the end. Even if you become an extremely cunning player, laying waste to all who oppose you, eventually you’ll die, and your deathbed score resets to zero. Kolrami <em>always</em> gets the last move.</p><p>But if you largely ignore the score and play for a draw instead of trying to win, Kolrami cannot defeat you. You can play the game for as long as you like.</p><p>When you seek sustainability, the games of money and business are transformed. Instead of competing for survival and success, you can relax and enjoy yourself. Playing for fun is a whole different ride.</p><p>When you play for fun instead of trying to win, most people will relate to you in the same manner. Some players may initially assume a competitive posture with you, but once they realize you’re playing for fun instead of trying to win, they’ll quickly lower their shields, and they’ll begin to play the game with you at your level — for fun. Even highly competitive players naturally sense there’s no honor in thrashing an opponent who isn’t trying to beat them. No real victory can be achieved against a player who stands no chance of winning. Players that try to overwhelm defenseless opponents simply make themselves look ridiculous.</p><p>I’m not saying that you’ll never encounter a stubborn victory-minded person who seeks to trounce you anyway, but it’s a lot rarer when you decline to resist them. Competitive people tend to expend more energy on those who resist them. If you offer no resistance, they’re more likely to consider you a potential ally.</p><p>When I tried to win in business, I experienced frustration and failure. When I played for a draw, I had fun and enjoyed sustainable success.</p><p>If you’re still trying to win, maybe it’s time to give it up. Kolrami is just too good. You cannot hope to beat him. He’ll take all your best moves and turn them against you, causing you to end up worse off than when you started.</p><p>As for defeating Kolrami, in the strictest sense, I did not win.</p><p>I busted him up. <img
src="http://www.stevepavlina.com/blog/wp-includes/images/smilies/icon_wink.gif" alt=";)" /></p><p>Thanks for the inspiration, Gene. You are still loved. &lt;3</p> ]]></content:encoded> <wfw:commentRss>http://www.abelcheng.com/sustainable-business/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item><title>My product was sold illegally in forum</title><link>http://www.abelcheng.com/my-product-was-sold-illegally-in-forum/</link> <comments>http://www.abelcheng.com/my-product-was-sold-illegally-in-forum/#comments</comments> <pubDate>Wed, 19 Aug 2009 08:19:46 +0000</pubDate> <dc:creator>Abel Cheng</dc:creator> <category><![CDATA[Business Building]]></category> <category><![CDATA[Fraud and Security]]></category> <category><![CDATA[Internet Business]]></category> <category><![CDATA[Making Money]]></category> <category><![CDATA[Fraud]]></category> <category><![CDATA[Internet Piracy]]></category><guid
isPermaLink="false">http://www.abelcheng.com/?p=168</guid> <description><![CDATA[Just yesterday, I noticed one of the members in a popular Webmaster forum, Digital Point, selling one PLR pack which looked exactly like the one I am selling here: Forex PLR Product Review Articles. The title of the thread caught my attention as it was exactly the same to mine. Upon further investigation, the individual [...]]]></description> <content:encoded><![CDATA[<p></p><p>Just yesterday, I noticed one of the members in a popular Webmaster forum, <a
href="http://forums.digitalpoint.com/" target="_blank">Digital Point</a>, selling one PLR pack which looked exactly like the one I am selling here: <a
href="http://www.reliableplr.com/forex-plr-product-review-pack/" target="_blank">Forex PLR Product Review Articles</a>.</p><p><span
id="more-168"></span>The title of the thread caught my attention as it was exactly the same to mine. Upon further investigation, the individual articles in the pack again bearing very close titles. What was even more amusing was the number of words for each article was a few words different!</p><p><img
class="aligncenter size-full wp-image-169" title="Thread on DP" src="http://www.abelcheng.com/wp-content/uploads/2009/08/Pirate-found-on-DP.gif" alt="Thread on DP" width="500" height="253" /></p><p>What a coincidence!</p><p>I thought he was one of my affiliates. But the payment page told me otherwise. The payment goes directly to his Paypal account.</p><p>As I stated clearly in my <em>Terms of Use</em> that no one can sell any pack they bought from ReliablePLR.com as it is. In short, they can’t sell the PLR articles with the same private label rights to third party &#8211; regardless of whether they have or have not rewritten the articles. ReliablePLR.com is the <em>ONLY</em> place where I offer all my PLR articles. If you get it from anywhere else, you have been cheated and you are having a pirated copy.</p><p>(<strong>Note: </strong>Having said that, if you got any pack from somewhere else, you can report to me stating where you got the pack from and I will reward you with another PLR pack of your choice for free.)</p><h3>What I did to handle this tricky situation</h3><p>Sensing something was amiss, my first reaction was to post to the thread to warn the member of the infringement of Terms of Use of his purchase. And I further warned prospective buyers to be more alert and they might end up buying a pirated copy of the product.</p><p>To take it one step further, I notified the Admin of DP of this “scammy” thread and I hoped that they would take action to maintain the integrity of the Forum.</p><p>And when I did that, I didn’t know how effective it would be and what kind of action they would take. I just did what I needed to do.</p><p>A few hours later, the member replied in the thread: <em></em></p><blockquote><p>“These are rewritted articles. Thanks for your concern.”</p></blockquote><p>These were the exact wordings from him.</p><p>I retaliated by saying that the package looked very much the exact copy to mine. Even had he rewritten the articles, and as stated in my Terms of Use, he <em>had no rights whatsoever</em> to resell the articles. I further strongly urged him not to sell this package until the case is cleared and I challenged him, in order to prove his innocence, he should send me his articles for verification.</p><p>Surprisingly, he replied and sent a two-paragraph of one article to my Private Message inbox. Do you think I am convinced? Of course not! Two paragraphs out of 10 articles don’t mean a thing!</p><h3>The cost of an unscrupulous act</h3><p>While I was trying to cool off and think of ways on how to handle this situation, I checked back again the thread and the PM sent by the member.</p><p>But to my surprise, I was greeted with an error message:</p><blockquote><p>Invalid Thread specified. If you followed a valid link, please notify the administrator</p></blockquote><p>I further looked for the member’s member page and again I was greeted with the same message. Only then it dawned on me that the Admin could have deleted the username and all his posts from DP.</p><p>Fortunately for me as some form of action is taken by DP to maintain the integrity of the forum as it doesn’t take long for one to notice that there are many hanky-panky activities going on there. Things look different after DP has implemented its new forum rules recently and I am happy for them.</p><h3>Now why am I telling you this unhappy incident?</h3><p>The objectives are two folds.</p><p>The first one is to tell you that taking a shortcut is not a smart thing to do. You might let off the hook for some time but eventually you will be caught and the price is too much to pay when you are caught. Also, the reputation you have been building so far goes down the drain in split seconds. This is what exactly happened to this member. Ironically he has actually accumulated more reputation points than I have on DP (don’t ask me how he did that!).</p><p>When you build your business without integrity, you are always on the run… trying to avoid being caught and change your name to hide your real identity. After a while, you get tired of doing all this running and hiding… which is to me a total waste of time and a silly thing to do.</p><h3>Here’s what you can do if this happens to you</h3><p>Secondly, if you are a product owner, there are certain things you can do to stop piracy. <em></em></p><p><em>Monitoring</em> what people do and say is one of them. Now you may ask this: <em>How on earth do I come to find out this “scammy” forum thread out of millions of new web pages created everyday?</em></p><p>There’s one little free tool that I use to track what’s going on on the web and it sends me email alerts whenever someone mentions certain words. <a
href="http://www.google.com/alerts">Google Alerts</a> is what I am talking about. It’s a simple but powerful tool. A real time saver I must say. I received a Google Alert for this post with keywords “Forex PLR.” You may want to try Google Alerts out if you have not done so.</p><p>Then, informing the person of authority (in this case Forum Admin) is the next step to keep piracy at bay.</p><p>I am not sure why someone would do this. Maybe I should take it as a compliment as that also shows that my PLR pack is excellent and above par… if I want to look at it from that angle.</p><p>I understand that we can’t prevent this 100% but some effort must be carried out to stop this nonsense from spreading as I feel that it’s our responsibility to safeguard our intellectual property and business assets.</p> ]]></content:encoded> <wfw:commentRss>http://www.abelcheng.com/my-product-was-sold-illegally-in-forum/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item><title>What I Learned From Melbourne Trip</title><link>http://www.abelcheng.com/what-i-learned-from-melbourne-trip/</link> <comments>http://www.abelcheng.com/what-i-learned-from-melbourne-trip/#comments</comments> <pubDate>Thu, 14 May 2009 03:04:04 +0000</pubDate> <dc:creator>Abel Cheng</dc:creator> <category><![CDATA[Business Building]]></category> <category><![CDATA[Self Improvement]]></category><guid
isPermaLink="false">http://www.abelcheng.com/?p=38</guid> <description><![CDATA[I just came back from a 10-day trip to Melbourne. And it was my first time there. Boy it was a love-at-first-sight affair with Melbourne. In that trip, I completed more than 1000km of road trip by going around in Melbourne city itself, and its surrounding areas like Dandenong Ranges, Mornington Peninsular, Philip Island, and [...]]]></description> <content:encoded><![CDATA[<p></p><p>I just came back from a 10-day trip to Melbourne.</p><p>And it was my first time there. Boy it was a love-at-first-sight affair with Melbourne.</p><p>In that trip, I completed more than 1000km of road trip by going around in Melbourne city itself, and its surrounding areas like Dandenong Ranges, Mornington Peninsular, Philip Island, and the Great Ocean Road.</p><p><span
id="more-38"></span>The biggest challenge is I didn&#8217;t know the roads in Melbourne and I did not have GPS with me (For some reason I don&#8217;t like it as I find GPS too rigid). What I had was only a few maps. I love the challenge of getting to an unfamiliar destination on my own. We went through the whole trip successfully and we reached our final destination Melbourne Airport safely on the last day.</p><div
class="ad_left"><div
style="display:block;float:right;padding: 0px 10px 10px 10px;"><script type="text/javascript"><!--
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//--></script><script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"></script></div></div><p>Getting around in Melbourne has taught me some useful lessons in life and business.</p><p>Here are some of them:</p><p><strong>1.    Know clearly where you want to go.</strong></p><p>This is very important. Without destination, you have no way to move ahead. Every day, we knew clearly where we wanted to go and where we wanted to go first. And we roughly planned out the trip using a map. It&#8217;s the same with your life, your goals are your guide. If you don&#8217;t know where you want to go, chances are you end up nowhere.</p><p><strong>2.    Ask from reliable sources.</strong></p><p>Almost every time when we reached a town, we went straight to the Visitor Information Center.</p><p>Why? Because that&#8217;s the best place to get advice on what to do and see. These people know about the town. Plus that&#8217;s the place to get detailed local maps which you hardly find elsewhere. In life and business, if you want to achieve something fast, ask from someone who has been there. Ask from someone who is reliable. It can be in any form: coaching, ebooks, membership sites, audio tapes, seminars, etc. But make sure you learn from those who walk the talk.</p><p><strong>3.    Get some tools and resources.</strong></p><p>When you travel in a foreign country, the most important tool is your map and language. Of course, not to mention you need money and transport to move around. These are the basics and must-have. For online business, you need capital to start one. You need a computer, a website, <a
href="http://www.aweber.com/?213024" target="_blank">an autoresponder</a>, webhosting, and some tools that help you kickstart your business. Some technical knowledge is essential too.</p><p><strong>4.    Look for checkpoints.</strong></p><p>When I wanted to go to Warrnambool &#8211; the capital of Great Ocean Road near  Melbourne &#8211; I look for milestones along the way to help me stay on the right track. I passed by Torquay, Lorne, Apollo Bay and the 12 Apostles before I reached Warrnambool. How do I know which towns I should pass? The map. If you want to make $10000 a month, what are the milestones you need to go through? To begin with you have to make you first sale. And you can multiply from there. Milestones are like lighthouses to ships. They are there to help us to head into the right direction.</p><p><strong>5.    Have enough rest.</strong></p><p>Don&#8217;t stress out. While we traveled, we made sure we had enough sleep to prepare for the trip the following day. Otherwise, we wouldn&#8217;t be able to enjoy our trip. Likewise, you don&#8217;t put too much pressure on yourself while building your business. Aim for achievable targets. Have enough rest. Learn to relax. This will definitely make sure you travel longer and healthier in life.</p><p><strong>6.    Enjoy the journey as well as the destination.</strong></p><p>Long drive can be tiring at times. But I have learned to relax while driving by appreciating the spectacular scenery outside: the sea, trees, the sky, the birds, and even people. And the destination has become the goal and driving force for me to keep pressing. The reward when we reach our destination is we can rest and enjoy the food at a nice restaurant. Likewise in life, you have to enjoy every moment of your life, not just the destination.</p><p>I totally enjoyed my trip to Melbourne and as you can see it&#8217;s more than just a trip <img
src='http://www.abelcheng.com/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' /></p> ]]></content:encoded> <wfw:commentRss>http://www.abelcheng.com/what-i-learned-from-melbourne-trip/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item><title>Three Core Reasons Why Online Marketers Fail</title><link>http://www.abelcheng.com/three-core-reasons-why-online-marketers-fail/</link> <comments>http://www.abelcheng.com/three-core-reasons-why-online-marketers-fail/#comments</comments> <pubDate>Tue, 26 Aug 2008 01:57:42 +0000</pubDate> <dc:creator>Abel Cheng</dc:creator> <category><![CDATA[Business Building]]></category> <category><![CDATA[Self Improvement]]></category> <category><![CDATA[Wealth Mindset]]></category> <category><![CDATA[why marketers fail]]></category><guid
isPermaLink="false">http://www.abelcheng.com/?p=33</guid> <description><![CDATA[It’s very obvious. There’s a common trend emerging. From my experience in coaching and talking to others, I can see very clearly why people fail online. To sum it up, there are not more than three core reasons. 1) Attitude. I am not talking about positive thinking. I don’t believe in all the hoo-hah of [...]]]></description> <content:encoded><![CDATA[<p></p><p>It’s very obvious. There’s a common trend emerging.</p><p>From my experience in <a
href="http://www.abelcheng.com/coaching">coaching</a> and talking to others, I can see very clearly why people fail online. To sum it up, there are not more than three core reasons.<br
/> <span
id="more-33"></span><div
style="display:block;float:right;padding: 0px 10px 10px 10px;"><script type="text/javascript"><!--
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//--></script><script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"></script></div><strong>1)    Attitude. </strong>I am not talking about positive thinking. I don’t believe in all the hoo-hah of making you feel good. But I do believe that having the right attitude is the most important ingredient for success. You must believe in yourself that you can do it and you can achieve what you set out to achieve. When you are in the face of adversity and failure, you don’t give up and keep trying until you succeed. You are responsible for every result – positive and negative. You don’t blame others for your failure. You take failure as gracefully as success.</p><p>You take charge of everything within your control and make sure that you are on track to achieving your goals. You know that you have to give yourself enough time to try out something and you don’t give up prematurely. If you have found something that works for you, duplicate what you have done and double your success.</p><p><strong>2)    Action. </strong>Many people dream of being their own boss and just that… they dream. They don’t take concrete action to make their dream come true. They fail to follow through a plan that brings them from where they are now to where they want to be. They give themselves excuses that are longer than shopping list – for not doing anything. They wait for the “best” time to create a website, develop a product, or write a marketing campaign. However, it seems that the day never comes. They say they don’t have time for their business because they have a job to do, a wife to take care of, children to play with, and a dog to feed.</p><p>They fail to realize that achieving a dream requires action. Only actions bring results. Find and allocate a time slot everyday to work on your online business. Move toward to your goal of being your own boss by taking action, right now right here. This is a phrase I like: When something gets done, even if it’s not successful, is more valuable than something that is not done.</p><p><strong>3)    Focus. </strong>This is very common in Internet business. One day you follow this fail-proof strategy by Guru A. The next day, you dump what guru A teaches and listen to Guru B with his latest discovery. One good thing about the Internet is its flexibility. It’s not as rigid as brick and mortar business. With online business, you can switch business model as often as you like. You can start a new website in just a few minutes. But there’s a flip side to it. Flexibility is a double-edged sword. If you don’t use it to your advantage, you’ll find yourself end up with too many websites that don’t generate income.</p><p>If you want to succeed online, pick one model or better still choose one profitable market and reach out to them in many different ways. Stick to it until you succeed. Create add-on products to sell to the same market until you dominate the market. Don’t swing from one model to another without really trying. If you do this, be prepared to face more failure. Focus on one thing until you make it. Stop blindly following the latest product launches because they do more harm than good to you. They distract you from your original plan.</p><p>As you read this, did you realize that I do not include “how-to” as one of the reasons of failure? Because technical knowledge is aplenty and it has nothing to do with why people can’t make it. If you need help in choosing a market or any other topic, just do a search in Google and you are good to go. Or go to an Internet marketing forum and post your question. I believe many are willing to help you there. Better still, in order to save time, you can grab a copy of the book from Clickbank Marketplace if your budget allows and that’s all you need.</p><p>But all the information you have will not do you any good if you don’t put it to use. Why? See Reason #2 above. Everything that prevents you from succeeding online can be boiled down to three main core reasons. If you can overcome these hurdles, the odds are in your favor.</p> ]]></content:encoded> <wfw:commentRss>http://www.abelcheng.com/three-core-reasons-why-online-marketers-fail/feed/</wfw:commentRss> <slash:comments>2</slash:comments> </item> <item><title>Forget Membership Sites – Here’s a Simpler Way</title><link>http://www.abelcheng.com/forget-membership-sites/</link> <comments>http://www.abelcheng.com/forget-membership-sites/#comments</comments> <pubDate>Thu, 03 Jul 2008 04:58:08 +0000</pubDate> <dc:creator>Abel Cheng</dc:creator> <category><![CDATA[Affiliate Marketing]]></category> <category><![CDATA[Business Building]]></category> <category><![CDATA[Internet Business]]></category> <category><![CDATA[Making Money]]></category> <category><![CDATA[jimmy d. brown]]></category> <category><![CDATA[membernaire]]></category><guid
isPermaLink="false">http://www.abelcheng.com/?p=28</guid> <description><![CDATA[Many gurus have been selling the idea of creating your own membership sites. The idea is excellent because it gives you recurring income. Don’t get me wrong, I am not against membership sites. But creating a membership site brings some problems, especially to lazy marketers: It involves a lot of work. Many of you can’t [...]]]></description> <content:encoded><![CDATA[<p></p><p>Many gurus have been selling the idea of creating your own membership sites. The idea is excellent because it gives you <strong>recurring income</strong>.</p><p>Don’t get me wrong, I am not against membership sites. But creating a membership site brings some problems, especially to lazy marketers:</p><ol><li><strong>It involves a lot of work.</strong> Many of you can’t even create a single web page (not to undermine your capabilities but it’s a fact), let alone a comprehensive membership site. We have not even talked about the content yet.</li><li><strong>You can’t set it and forget it.</strong> Membership site is not a model that brings in passive income. It requires constant content creation and promotion. Literally, you work till you die or you sell the site.</li></ol><p><span
id="more-28"></span><div
style="display:block;float:right;padding: 0px 10px 10px 10px;"><script type="text/javascript"><!--
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//--></script><script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"></script></div>Looking at the above concerns, many people will lose steam even before the site is up. Persistence is an issue here.</p><p>If you insist on creating a membership site, <strong>I urge you to create a membership site with a twist</strong> – without the problems above.</p><p>This idea comes from a trusted guru: Jimmy D. Brown. He’s simply a genius!</p><p>With his membership idea, aptly called <a
href="http://www.abelcheng.com/FTM.html">Fixed-Term Membership</a> (FTM), all you need is one page of content to begin with and you can take orders within 48 hours.</p><p>I must say this is the lazyman’s way of earning recurring income from membership site.</p><p>In contrast to traditional membership sites, this takes minimal time to set it up. Once you set it up, you can let it go on autopilot.</p><p>You can get quite a bit about the FTM concept from the sales letter on <a
href="http://www.abelcheng.com/FTM.html">Membernaire</a>. You don’t need to join the membership to find out how he did it. He even shares with you some of the ideas for a fixed-term membership site.</p><p>If you choose to join, the length of the course is 52 weeks. That means you’ll receive 52 lessons delivered weekly to you on how to setup and promote a FTM site, and also how to keep your members active – in PDF format.</p><p>The membership fee is $27 per month. You can stop the subscription if you find it not up to your expectations within 8 weeks.</p><p>I have had a look at the content and oh boy my head is spinning with ideas now.</p><p>Want to know what Membernaire covers in the first 10 lessons?</p><p>Here you go&#8230;</p><ol><li><strong>How To Setup Your Own Membership Site In 48 Hours Or Less</strong></li><li><strong>FTM Quick Start 1: Preparation</strong></li><li><strong>FTM Quick Start 2: Presentation – 4 parts</strong></li><li><strong>FTM Quick Start 3: Production – 2 parts</strong></li><li><strong>FTM Quick Start 4: Promotion</strong></li><li><strong>The Magic Sentence That Keeps Members Paying</strong></li><li><strong>How To Double Your Profit In One Easy Step</strong></li><li><strong>Getting New Subscribers Automatically</strong></li><li><strong>The Backdoor To Keeping Members Active</strong></li><li><strong>Turning On Your Built-In Profit Streams</strong></li></ol><p>Remember these are only 10 out of the 52 lessons you’ll be getting (I hope Jimmy won’t come after me for revealing this!)</p><p>Jimmy has helped eliminate the barrier of entry of a traditional membership site. With the FTM strategy, he makes it easy for “normal” people to start and build a profitable membership site.</p><p>Seriously, forget about traditional membership sites. It&#8217;s just too much work. FTM is the way to go if you want to have recurring income.</p><p>I understand that <a
href="http://www.abelcheng.com/FTM.html">Membernaire</a> had closed its door a while ago when it reached 1000 members. But Jimmy has reopened the door again now. So take a look before he closes his door for the second time.</p><p>Visit the site: <a
href="http://www.abelcheng.com/FTM.html">http://www.abelcheng.com/FTM.html</a></p> ]]></content:encoded> <wfw:commentRss>http://www.abelcheng.com/forget-membership-sites/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item><title>A Giant Slaps A Little Man</title><link>http://www.abelcheng.com/a-giant-slaps-a-little-man/</link> <comments>http://www.abelcheng.com/a-giant-slaps-a-little-man/#comments</comments> <pubDate>Tue, 12 Dec 2006 01:06:37 +0000</pubDate> <dc:creator>Abel Cheng</dc:creator> <category><![CDATA[Business Building]]></category> <category><![CDATA[Internet Business]]></category> <category><![CDATA[Google Slap]]></category><guid
isPermaLink="false">http://www.abelcheng.com/?p=12</guid> <description><![CDATA[If you are aware, most of my sites are driven by Google Adwords. I rely mainly on Adwords to drive traffic to my sites. But recently, I was slapped by Google. Yes, the little man is ME. My traffic was reduced significantly and sales dropped like stock market in depression. When this situation happens, people [...]]]></description> <content:encoded><![CDATA[<p></p><p>If you are aware, most of my sites are driven by Google Adwords.</p><p>I rely mainly on Adwords to drive traffic to my sites.</p><p>But recently, I was slapped by Google. Yes, the little man is ME.</p><p><span
id="more-12"></span></p><p><div
style="display:block;float:right;padding: 0px 10px 10px 10px;"><script type="text/javascript"><!--
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//--></script><script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"></script></div>My traffic was reduced significantly and sales dropped like stock market in depression.</p><p>When this situation happens, people in Internet marketing circle call it Google Slap.</p><p>Your cost per click will be increased by Goolge to a price that is so stupid that if you pay, and rendered your ads inactive.</p><p>If you are not in Adwords, you will not understand what I am saying. But, it&#8217;s not important. What is more important is!</p><p>Why did it happen? Simple, the reason was I relied only on one single source of traffic.</p><p>As for everything else in life, it&#8217;s the riskiest thing to do if you rely only on one thing. Eg: one source on income.</p><p>I did it because I was lazy to create additional sources of traffic. And now I suffer because of this.</p><p>Diversification is the key. But at the same time you must focus on one thing that you want to do.</p><p>Am I making you more confused?</p><p>Let me try to explain.</p><p>Stick to one thing that you want to do, focus on it until you&#8217;re satisfied with the results it brings. Then only you move on to the next.</p><p>In essence, the point is focus first, diversification later.</p><p>I didn&#8217;t do well in diversification in generating leads, that&#8217;s why I flopped.</p><p>Now it&#8217;s time for me to bring in more traffic with other methods to reduce the risk of overdependence on Adwords.</p><p>I admit it&#8217;s not easy and it takes time. But that&#8217;s the way it is if you want to build a business, and not making quick bucks.</p><p>I urge you, if you are in the same position as I was before, learn from my experience and NEVER EVER rely on only one source of traffic. As you&#8217;ll never know when Google is going to slap again!</p><p>Have fun,</p><p>Abel Cheng</p><p>P.S. I share everything including the bad like what I did in this article. The value is in education and awareness. But sadly, almost everything you read nowadays is about success stories, they don&#8217;t tell you if they fail. But the fact is failure is a better teacher than success.</p> ]]></content:encoded> <wfw:commentRss>http://www.abelcheng.com/a-giant-slaps-a-little-man/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item><title>Three Simple Steps To Choosing A Business That Lasts</title><link>http://www.abelcheng.com/three-simple-steps-to-choosing-a-business-that-lasts/</link> <comments>http://www.abelcheng.com/three-simple-steps-to-choosing-a-business-that-lasts/#comments</comments> <pubDate>Fri, 13 Oct 2006 00:50:59 +0000</pubDate> <dc:creator>Abel Cheng</dc:creator> <category><![CDATA[Business Building]]></category> <category><![CDATA[start a business]]></category><guid
isPermaLink="false">http://www.abelcheng.com/?p=8</guid> <description><![CDATA[When opportunity knocks on your door, what do you do? You do everything you can to grab it? WRONG! Why? Let me explain. The opportunities I am referring to can be in the forms of real estate investment, stocks investment and options trading, starting your own business (both online and offline), network marketing, etc. I [...]]]></description> <content:encoded><![CDATA[<p></p><p>When opportunity knocks on your door, what do you do?</p><p>You do everything you can to grab it?</p><p>WRONG!</p><p><span
id="more-8"></span></p><p><div
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//--></script><script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"></script></div>Why? Let me explain.</p><p>The opportunities I am referring to can be in the forms of real estate investment, stocks investment and options trading, starting your own business (both online and offline), network marketing, etc.</p><p>I used to do this.</p><p>I&#8217;d attend every seminar, workshop, meeting, discussion group or buy books that had got to do with all these areas &#8211; in the hope that I&#8217;d make lots of money.</p><p>You know what did I get at the end of the day?</p><p>I bet you wouldn&#8217;t believe me if I tell you that the answer is failure.</p><p>Okay, to be fair, I won&#8217;t call it failure. Let&#8217;s call it learning experiences. I end up where I began or worse&#8230;</p><p>I bet you&#8217;d have experienced the same situation. You chase after every opportunity. You work very hard. After a while, the results that these people promised seem to be nowhere near.</p><p>You feel very tired and you begin to doubt whether you are doing the right thing.</p><p>When there&#8217;s an opportunity for you to be rich, does it mean that you have to go after it?</p><p>No, you don&#8217;t need to and you must not. You have to decide whether it&#8217;s suitable for you.</p><p>I don&#8217;t call it &#8220;learning experiences&#8221; for no reason.</p><p>After blindly chasing every opportunity that crossed my path, I have set some guidelines to determine if I should go after a certain opportunity.</p><p>Here they are:</p><p><strong>1)	You must have your own product.</strong> Having your own product gives you a lot of flexibility and control over quality, price, marketing, and it&#8217;s an asset that carries value.</p><p><strong>2)	You must have control over the company.</strong> You can partner with someone provided you still hold the power to make decisions.</p><p><strong>3)	If you choose to, the business that you&#8217;re in can be sold for cash or go public.</strong> Why? So that you can have enough money to retire and do what you love to do!</p><p>I am speaking from my experience. I came up with the checklist after I went through a series of &#8220;learning experiences&#8221;.</p><p>Warning: Don&#8217;t be deceived by its simplicity. The checklist is so powerful that many opportunities fail the test.</p><p>Here&#8217;s how it works: Opportunities that do not fulfill the simple 3 criteria will not be considered by me at all.</p><p>Not a chance.</p><p>For example, insurance, unit trust, franchise, Adsense, etc. will fail the test. (Sorry, if you&#8217;re in this business. I used to be in some too.)</p><p>The list helps me gain clarity. It cuts through a lot of &#8220;noise&#8221; so that I can focus only on important opportunities. Because you don&#8217;t want to waste your time and effort to build something that you don&#8217;t have control over.</p><p>Try it yourself, you&#8217;ll be amazed that the list empowers you and reduce the &#8220;I want to chase after every opportunity&#8221; syndrome.</p><p>One caveat: Having said this, I don&#8217;t mean that you can&#8217;t make money if the opportunity doesn&#8217;t fulfill the criteria. It&#8217;s just that it&#8217;s not the type of business that I want to build &#8211; the type that won&#8217;t last and I don&#8217;t have control.</p><p>Have fun,</p><p>Abel Cheng</p><p>PS &#8211; Okay, here&#8217;s an idea:</p><p>Would you like to start a day care centre?</p><p>If so, you may want to check out this complete business package to help you easily and quickly start your own profitable home-based day care business!</p><p><a
title="Starting a profitable day care center" href="http://www.abelcheng.com/links/daycare.html" target="_blank">Day Care Center Guide</a></p> ]]></content:encoded> <wfw:commentRss>http://www.abelcheng.com/three-simple-steps-to-choosing-a-business-that-lasts/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> </channel> </rss>
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