February 24, 2008

Wealth Rule #1 Learn From Giants Like Brad Fallon and T. Harv Eker

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I can still see the face of the client I was working with when I uttered these words.

"Having Enough Money is NEVER a problem," I said.  "Your problem is NEVER about money". I said again louder, because the quizzical look proved it wasn't sinking in. "Its like losing weight. The weight is NOT what's making you fat. Its the type of exercise (or lack thereof) and the habits we are doing to ourselves which is making us fat."

So, how do you grow a fat business?

Learn From Harv Eker and Brad Fallon.

The one thing Brad Fallon and Harv Eker have is that they both build multi-million dollar companies with as little as $2,000.

Who is Harv Eker?

Harv Eker is the perfect example of a person who succeeded in achieving the Great American dream. Harv Eker is the son of immigrants who spent his childhood in Canada and then moved to the US.

He worked all sorts of odd jobs as he grew up to make ends meet.  T. Harv Eker finally found success with his chain of retail fitness shops. He became a multi - millionaire by starting with an investment of $2,000 and selling his fitness retail chain stores to the Heinz family.

Who is Brad Fallon?

Brad Fallon is the CEO of Smart Marketing, Inc., a network of wholesale and retail e-commerce businesses. Beginning with a $2,000 start-up investment fo My Wedding Favors.com in January, 2004, Fallon's online businesses grew from $1.2 million in first year revenue to $7.8 million in 2005 and $32 million in 2006.

Brad earned a degree in Economics from Claremont McKenna College in 1990 and graduated second in his class from the University of Florida College of Law in 1997.

One of the things these gentlemen have in common is that they grew multi-million dollar companies with very little money.

Wealth Rule #1

You don't need money to make money. You need to create value.

When Fallon sold his wedding favors through his online store, he didn't have to shell out thousands or millions of dollars to store his merchandise. His supplier or wholesaler did it for him through an online concept known as drop shipping. When the online orders come in, Brad sends a request to his supplier who, in turn fullfills the order to the customer.

When a client ordered a rowing machine from Eker's store, Harv took down the order and then back-filled the order through his wholesale supplier.

Simple. Right?

My question is this. How can you use your partners, vendors, wholesalers, agents, owners to leverage the same ideas that Fallon and Eker did with their business?

Improve your success rate by asking the right questions..

Filed under Blog by Mark Archer

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Comments on Wealth Rule #1 Learn From Giants Like Brad Fallon and T. Harv Eker »

March 13, 2008
(Pingback)

How to Make Money Online @ 11:09 am

[…] selling products online, you reach border- less customers and your overhead is low. Brad Fallon,  owner of the popular My Wedding Store.com grossed over $30 million dollars per year in […]

March 20, 2008

Increase Web Site Traffic @ 7:12 am

I've attended Harv Eker's event before. Pretty mind blowing and awesome. If you can't afford to go to his event, GET HIS BOOK! ;)

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