21 Basic Laws Of Business Success
It’s been a decade now since I started marketing online.
Within that decade I’ve lost some… and I’ve won some… I’ve made millions and helped others do the same.
And along this journey I’ve always looked to have high standards in both life and business and to continue to raise those standards.
I already knew perfection was a goal of frustration, and that it’s continuous progress that provides the unlimited open space to be able to give more and get more.
After having made my first $500,000 in 12 months in 2000, I quickly made millions in 2001 and 2002 in the futures and commodities markets. Long before I ever entered into the “internet marketing” space or personal development space.
So, it was in 2003 that I reflected on what helped with this success and as I had my eye on going into new markets and growing our business even further I then wrote a list of “21 Basic Laws of Business Success” that I used to govern my actions in business.
These laws, however basic have been invaluable in a decades worth of success, not just for us, by for those I’ve had the privileged of working with and serving.
With that said, this week my wife pulled out one of the original copies and asked me to post it to the blog so I agreed.
I hope you enjoy these basic laws and that any adoption of these bring you the success we’ve been able to enjoy.
So here ya go… 21 Basic Laws Of Business Success
Law #1: Always target a niche market. (If you want to get rich target a niche, if you want to go broke, market to all the folks.)
Law #2: Identifying a problem in that niche market is priority #1.
Law #3: Creating a desired solution for that problem is priority #2.
Law #4: Delivering that solution for a profit to your niche market is priority #3.
Law #5: Gain confidence from your target market by giving true value.
Law #6: Establish your authority through originality.
Law #7: Innovation trumps imitation.
Law #8: Give – then give some more.
Law #9: Never greet a new subscriber with a message asking for money.
Law #10: Don’t be deceitful, devious or dishonest as it only leads to disaster.
Law #11: Be truthful to be received as trustworthy.
Law #12: Boldness and brilliance will break your income records.
Law #13: Be daring by using the freshness of your individuality.
Law #14: It’s about the targeted traffic conversion, not the targeted traffic collecting.
Law #15: Be authentic and different by substantiating your claims.
Law #16: Don’t just say it, prove it.
Law #17: Implementation is everything. If you don’t implement what you know, it’s like you never knew it all.
Law #18: Knowing is not proven in what you say, it’s proven in what you do.
Law #19: Without relationships, there are no exchanges of products or services for money.
Law #20: All success, accomplishments and achievements are found on roads that travel through other people.
Law #21: When you screw other people, you have screwed yourself.
Okay, so do you have a “Law #22″ you want to add?
…Or do you have your own Laws that govern how you live and do business?
Is so, I would love to hear them.
So TalkBack to me and let me know what you think about these 21 Basic Laws Of Business Success and add a 22nd Law or share the Law’s you use to govern your journey on the road of success.
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good Stuff!
One thing that I personally work towards is….
enjoying and being grateful for NOW because all we really have is this moment.
Twitter: V2Snow
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I have came to your blog from John Cow blog. Your blog is really very nice.
You have inform some nice point on Basic Laws Of Business Success. Your first point is really very important. We have to target our niche market for success. Niche blog perform better than other blog.
Twitter: moonheart
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Thanks! Great rules to conduct business and live by.
My 23 rule would be add your own list of rules and/or
credo to your personal sites.
Then stick to it or be prepared to be called on it!
Trust is not easily earned but can be spent in a heartbeat!
Twitter: theultranatural
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This is exactly why Stephen is so successful. Giving of himself freely brings many blessings in return.
My Law 22 – Not to decide is to decide, do not live life by default.
http://www.wealthandhealthonline.com
Twitter: payyourself2day
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Well these are very nice laws..I enjoyed reading these business laws and would help me in my business.
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Hi Steve,
I have been following you for a while, I have been on your email list for over a year now and have even read your book, which was excellent thank you!!
This is the first time I have actually visited your blog. Thank you so much for posting your 21 laws of business. They are so true and so relevant. I now understand why you are as successful as you are.
Currently I am studying the very basics with this industry and I will definitely be sharing this post with my fellow students.
Kind Regards
Jacinta
(An Aussie mum trying to set up a business online while her 2 year old sleeps!)
Twitter: JacintaDean
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itz roking..dese lawz r really mind blowing statements…i m sure dat i do praktise al laws…and one day i wil become an young biznez man and mail u dat day…..thank u stephen 4 ure laws…
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Great Post !!
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Businesses can also be formed not-for-profit or be state-owned.
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Thanks Steve, great stuff. Its refreshing to see an IM give solid, honest advise.
Law 22:Always remember and work towards your definite major purpose and help others do the same.
Twitter: debt_wrench
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Social comments and analytics for this post…
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Rule #22 – Big Ideas mean Big Checks. Solve big problems no matter what niche you are in, and you will see a larger bank account.
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Rule 22: Give and it shall be given unto you
http://www.joepolish.com/HelpHaiti/
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