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Anyone who has owned or run a retail outlet will know that most consumers are very careful with their money, and most of them don’t have much of it. In this new business TV show on yourBusinessChannel, Wealth Dynamics creator Roger Hamilton shares his best business ideas for expanding your revenue by going after wholesale value.
Sharing business development tips on his new show, Hamilton suggests that businesses of all sizes should review their current business growth strategy, and consider stealing a trick from business giants like Microsoft and McDonalds.
In his new business advice on the show, Hamilton explains that there are two different kinds of value in the business world: retail value and wholesale value.
The important distinction between the two, he says, is that retail value accounts for less than 5 per cent of all the money flow on the planet, and wholesale value accounts for the rest. Over three trillion dollars a day moves as a result of the movement in wholesale value, says Hamilton in his business development tips on the show.
It is this point which should give entrepreneurs pause to rethink their current business growth strategy.
The reason for the gap between wholesale and retail value is customers do not view a retail value as an investment, says Hamilton: “Let’s say for example you go for a meal - it’s retail value, you aren’t expecting any return on your money, you just are going to spend the money and then eat the meal.”
The difference with wholesale value, says Hamilton in his business development tips, is that people see their wholesale spending as an investment. So while we might not spend $1000 on a meal, we might spend $1000 on stocks because we don’t think it is spent, we think it is invested.
Hamilton expands on this in the rest of his new business development tips and best business ideas on the show, and explains why every billionaire out there made their money from wholesale, not retail, value.
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