July 10, 2009

Changing Strategies For Wealth Creation

As far as hand picking strategies for wealth creation, there are many to consider, depending on your niche.  What can be seen now across the board is how branding is changing, at a very aggressive pace.  Branding alone can alter your sales.

Joel Rubinson from Fast Company noted that the model for branding is breaking down and in order to compete you’ll have to change.  Information is so readily accessible to individuals that they no longer accept everything at face value.

So, Rubinson suggests that companies respond to 3 dimensions that people live in. It’s these three dimensions that should be taken into consideration when branding your product or service.

1.  People have functional needs. It’s all about offering solution-based.

2.  People want and respond to products or services that are social. Facebook is a great example of this.

3.  People absolutely crave content. It can be entertaining, informative or both, but when you offer something as valuable as relevant information, you can dominate your niche.

If you have a business or have considered starting a business, look at your brand and determine if you are responding to these three dimensions.  Small changes can add great value to any business.

Filed under Blog, Strategies For Wealth Creation by Kelvin Parker

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