Tell me about becoming wealthy

The Something Awful Forums > Discussion > Ask/Tell > Tell me about becoming wealthy

nazca: Apr 9, 2016; Lord and Savior of KarmaFleet

I'm still learning and failing so far but I'm only 27.

Here's what I've learned:
Business owners make the most money. Who had all the money from trump tower? The architect? The managers? The companies renting space? It's trump.

Any business isn't about its products, it's about how well they market their products.

Time and time again you see business' with superior products lose to places like Walmart.

The scrapbooking industry in the US is an example of this. Local stores with better and more unique products have all died at the hands of Walmart, hobby lobby, and Micheal's. They couldent compete with the marketing even though they had better products.

So learn to market really well or hire some one who can. Then sell the same pencils as everyone else at Walmart.

# ¿ Jan 7, 2017 17:02

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# ¿ May 5, 2024 17:14

nazca: Apr 9, 2016; Lord and Savior of KarmaFleet

Veyrall posted:

Marketing is important, but quality keeps people coming back. There are products that Wal-mart has stopped carrying because they were too unreliable and were hurting the company's reputation. A couple of months ago I know my old store in FL dropped a local vendor because his fruit was always unpresentable and went rancid too quickly.

So, what I'm saying is, marketing is absolutely essential, like your thumb, but your reputation and your quality are like your wrist. This is pretty applicable to jobs too. I had a lovely resume for an embarrassingly long time, but my reputation with people who hired me as someone who gets their job done and plays well with others made that less of an issue. Another way to think of it is this; reputation is a kind of advertising, and one that is at least three times more effective than ad space on a website or a shiny resume.

Come to think of it, can anyone recommend a good resume service? Getting a good position is a great first step on the road to wealth.

I dig that.

# ¿ Jan 7, 2017 20:01

nazca: Apr 9, 2016; Lord and Savior of KarmaFleet

bitcoin bastard posted:

I'm going to be circumspect because if I gave details I'd out myself. The company I worked for a few years back had a perfectly functional widget that did its job properly and we felt quite well. It was sold at Sam's Club (Walmart Costco) for years with no issues. One day, papa Walton decided to either standardize pallet sizes or hold us to the existing standard, and we had to redesign our product so it fit within an x by y box. This was a huge loving deal because our widget was large by definition and a shitload of engineering went into turning one frame piece into two with the same structural rigidity.

Walmart is the best and worst thing that can happen to a widget maker. If you make it onto Walmart shelves, you are loving golden for sales (if your widget is a piece of poo poo that wouldn't sell anyway, you didn't make it to this point). Once your company depends on Walmart sales to survive, you get bent over by Bentonville; make it cheaper, ship less of them this quarter (oops your manufacturing chain already has too many coming out, get hosed), or in our case reengineer the whole loving thing.

Good thing you can fit pencils into a variety of palette sizes.

# ¿ Jan 8, 2017 23:14

The Something Awful Forums > Discussion > Ask/Tell > Tell me about becoming wealthy