Challenge #5: Delivering More Value
Get yourself in front of those who can say “yes” to you, deliver value,
then ask for what you want.
Since this is the first blog on Wealth, let me first explain why you want Wealth to be part of your Ideal Life.
If you go for the challenges, and you integrate them into your life, it means that you will live way longer than you ever expected. And… longer than the government will ever pay for.
In short: we’re giving you ideas on how to live in abundance and let your financial lifestyle be part of your ideal life. For the rest of your Long, Happy, Healthy and Wealthy Life.
Learning and understanding the Wealth Formula to help boost your financial intake.
No one I know wants to be poor. Yet, there are those out there who are unable to increase their wealth. They struggle from paycheck to paycheck, earning just enough to get by. They aren’t building wealth, as much as they are trying to survive.
The key to becoming wealthy is to follow the Wealth Formula.
Wealth = V x N
In which V represents the value you deliver to the marketplace, and N represents the number of people to whom you deliver that value.
Simplifying this further, the more value you deliver, the higher you will be compensated. There is a reason a neurosurgeon, on average, earns more than a general practitioner.
By the same token, the more people to whom you deliver your value, the more you will be rewarded. Selling more of a product or service pays more.
Sharing your ideas and skills with one client will bring you a certain amount of money. Putting those ideas into an e-book and selling it online to multiple individuals will increase that money. Presenting a seminar to many participants will bring you more wealth than presenting the same seminar to fewer people.
This is not a “building your wealth” book. The Wealth Formula, however, is a method to help you think about the best way to either deliver more value to the marketplace, deliver your value to more people/markets, or to do both.
Every day, for the next week, set aside 10 minutes to brainstorm methods in which you can boost your value and/or increase your audience. You can brainstorm either alone, or with friends and colleagues.
The important issue here is that any idea popping up is worth exploring. Don’t reject it out of hand. Even if the idea you come up with isn’t new, treat it as if you are hearing it for the first time. Be sure to write down how you can increase your value to the market and/or how you can increase the number of people in your market who will receive your value.
The WHAT of this challenge is not necessarily to come up with a killer idea for implementation, though doing so would be a bonus. Rather, this challenge – and week – is meant to focus on how you can deliver bigger and better value. When an opportunity for you to deliver such value presents itself, you won’t miss or dismiss it.
I ordered my second cup of tea, and the waitress saw that I hadn’t eaten my cookie. She asked me if I wanted something else, and I told her I didn’t eat sugar and was allergic to wheat, so she shouldn’t bother.
When she came back, she brought my tea and an apple. But not just an apple…. it was nicely sliced and arranged, with a bit of cinnamon on top of it.
I was super surprised. This was what we call over-delivery… she added value.
She got a 100% tip.
Increasing your income by delivering more value is possible for everyone.
Entrepreneurs who add more value will see it immediately in their results. For employees, it might look more complicated, but in the end, when you add more value than your colleagues, you will stand out. And it will pay back.
The best part is, that making other people happy is making you happy as well. So this exercise DOUBLES your steps towards your ideal life!
I’m VERY curious about how you can deliver more value to your customers, share it in the comment box below.I promise I’ll share my ideas too (and if you have any ideas how I can deliver more value to you, please share that too!)
Live fully and be awesome…
P.S. Did you order the book? there’s a long video as a bonus to this challenge, follow the link and watch it for some in-depth knowledge. (If you haven’t ordered it yet, follow this link)