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The Next Millionaires, by Paul Zane Pilzer, Success from Home Magazine, published March 2005. Page
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6 More on The Next Millionaires:
A vast amount of wealth is being created over the next ten years. Here's why--and how you can be a part of it.
"A Tale of Two Industries," by Paul Zane Pilzer, Success From Home Magazine, November 2005.
"The Perfect Storm of Opportunity," by Paul Zane Pilzer, Success From Home Magazine, December 2005.
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THE
FORMULA FOR WEALTH |
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page 8 of 9 Here is the only mathematical formula in my books: A simple, yet powerful tool that anyone can use to determine his or her potential for creating unlimited wealth: Wealth is created according to this equation: W= P x T To create wealth (W), you need physical resources (P) harnessed by technology (T). More than just explaining the wealth of nations, W=PT explains how different businesses could amass great wealth by focusing on either P or T. In retailing, during the 1980s and 1990s, Sears and J.C. Penney attempted to grow by getting more physical resources—more stores. But Sam Walton, the founder of Wal-Mart, focused instead on using technology to increase sales per square foot in his existing stores from $100 to $300. Walton’s strategy soon made Wal-Mart the largest retailer, employer and company on the planet. W=P x T has been true throughout world history, except that T used to change so slowly it was constant over a human lifetime. If you were born in the Stone Age, you probably died in the Stone Age, with little or no chance to improve your T. No wonder acquiring more P, typically through wars or conquest, was the only way to get wealthy for most of human history. But today, we live in an age where anyone can acquire more T, and thus more wealth, often in a few years, instead of a lifetime or several generations. In applying this wealth formula to a home-based business, you are the P. Your P is maximized by the number of waking |
hours you (and others) devote to the
business and how much product you sell. With a direct selling business,
your P is further maximized through the recruitment of others starting
their own business and consuming your company’s products and services.
To attain more wealth, you would want to focus on adding both more
people to your business and the sale of more products. Now, consider your T (technology) as the skills you bring to your home-based business. This is where the direct selling industry sets itself apart from other business opportunities. Your T is your set (and level) of existing skills—computer proficiency, public speaking ability, sales knowledge and so on—and the skills you need to acquire or improve to have a successful business—learning how to sell, how to teach others to sell, improving one-on-one communication techniques. Direct selling companies are designed to handle for you the physical (P) distribution of the products and services you sell— manufacturing, inventory, ordering processing, accounting, shipping, etc.—so that your primary business focus is on finding and recruiting more customers. Moreover, since a direct selling company’s success is directly dependent on your success, they also have a vested interest in helping you improve your technology (T)—providing extensive product research, sales training, marketing materials, websites, etc. prev next |
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| PUBLICATIONS |
 The
Next MillionairesExplains how you can become of the the ten million new millionaires that will be created between 2006-2016. |
 The
New Health Insurance SolutionHow to get cheaper, better health insurance from birth to old age without an employer plan. |
 The
NewWellness Revolution How to make a fortune in the next trillion dollar industry--preventative medicine and wellness. |
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 New
York Times BestsellerGod Wants You To Be Rich Explains how our economic system is based on our biblical heritage, and you can prosper materially and spiritually. |
 Fountain
of WealthAward-winning 6 CD (or cassette) audio series explains the new opportunities for creating wealth in the 21st century. |
 Other
People's MoneyPilzer's first book, exposing the S&L Crisis and the history of savings in America. |
 Unlimited
Wealth Pilzer's seminal work explaining how we live in a world of unlimited physical resources because of rapidly advancing technology. |
 The
Next TrillionWhy the wellness industry will exceed the $1 trillion health care (sickness) industry in the next ten years. |
 Real Estate
ReviewCollection of articles on the guidelines for success in commercial real estate investments. |
 The
Wellness Revolution How to make a fortune in the next trillion dollar industry-- preventative medicine and wellness. |
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