The past 1 month have been an interesting and busy period. I throw myself into the world of Event Sponsorship for our in-house project, Singapore Movie Fiesta 2008 (See the post below). A marketing area that I have never experience on such a large scale. I have met at least 30-50 companies general managers, head of marketing, country managers, brand managers, business/media owners and doing countless proposal. It really opened my mind and break my own structure. I love to move out of my comfort zone constantly. So far, I have secured five figure sum cash sponsorship apart from six-figure sponsorship in-kind, a far cry from my mid 6 figure cash sponsorship target. I have to admit that it is was tough facing rejection after rejection, sometime even 3-4 in a day after a long period of prospecting. Read the rest of this entry »
September 18, 2007 at 7:30 pm
· Filed under Opportunities
Dear Friends and Readers,
If you know of anyone who want to start a business with no money down and make at least S$3k to S$5K net profit monthly, please email me at ken@justmedia.com.sg or ivy@justmedia.com.sg before 20 Sept 07, 12 pm with a header: “I want this opportunity!” with your full name and contact details.
This is because we have reserved ONLY 6 seats exclusively for this rare business opportunity for the next 3 months, starting from 12 Oct 07 to 11 Jan 08,
The selected individual will be given:
1. Branding, A&P budget and Logistic operation support by a SGX listed MNC worth S$250,000.00
2. FREE Transportation plus Fuel, ERP, Parking
3. Fast Moving Quality Proven Consumable Product approved by AVA
4. Proven Promotional Mechanics with IRRESISTABLE OFFER that would move HUGE volume in market place
5. FREE training and sales tracking procedure
6. Sales Revenue share up to 20% including special bonuses because my client want market share first and profit second
7. CASH pay out bi weekly
8. Opportunity to take over the project and develop into a franchise model national wide with no money down after 3 months
Requirement:
1. 18 and above
2. Commited individual who is able to commit full time from 12 Oct 08 to 11 Jan 09 (Golden period for opportunity)
3. Can do and positive attitude with Entreprenuer spirit
4. Integrity because the cash collection will come in fast and furious
5. Preferably come in a team of 2, with 1 valid class 2 driving licence
6. Sign a non-disclosure agreement before the briefing
Please email ken@justmedia.com.sg or Ivy@justmedia.com.sg with the Subject Header: “I want this opportunty!” with your full name and contact details (indicate whether you are EAP or M&Y graduate if so) latest by 20 Sept 07, 12 pm to reserve a seat for briefing session on 21 Sept 07, 6.30 pm at my office, 36A Kandahar Street. First come first serve basis.
P/S: This is strictly not a MLM nor a financial recruitment nor get rich quick scheme.
PP/S: Appreciate if you could forward this opportunity to your friend who might benefit. Thanks!
PPP/S: At the point of writing, 2 seats have already been taken up, so hurry, take action now!
I am supporting one of my good friend in his new venture in starting a Gourmet Kitchen Programme. This is the first education programme in Western Kitchen Foundation in Asia where cooking amatuer like you and me could be transformed into the next Michelin chef just by following an easy step by step procedure. Imagine the love, admiration and satisfaction that you will get when your friends or loved ones keep asking for more when they eat what you cook!
In addition, this programme is also highly recommended for those who are interested to start an F&B business especially in western food. He own a chain of restaurants and have at least more than 10 years in the F&B industry. Take a look at the programme below: Read the rest of this entry »
Hi, I received a good question on my previous blog topic “Pay Yourself First” and feel that you might benefit from our comment discussion (Some might miss the comment column, so I’ll post it in main blog page). Read the rest of this entry »
Have you watch the movie “An Inconvenient Truth” starred by former U.S vice-president, Al Gore? If not, I strongly recommend this MUST WATCH movie for your own Personal, Spiritual & Business awareness. This movie deals with CO2 emission and global warming and I am convinced that this issue is no longer a theory but we are facing a critical issue now! Read the rest of this entry »
Once upon a time, when EAP is still a single digit batch in the old office… there is 1 seasoned martial master from EAP 6, Philip Wong team up with 2 inspiring entrepreneurs to be, Solihin and Theresia and they started an online business on eBay with a vision of dominating the world with eCommerce. Within a year, they become Power Seller and during their second year, they even won a half a million government tender project.
With this small success and cashflow, they bought out a home-grown ice cream palour business 2 months ago called ICE3 (Ice cube) in Serangoon Garden. All ice creams are self made, refine and localized and I must say, it is REALLY GOOD and the price is affordable! Take a look at the clip below, Read the rest of this entry »
One year after EAP program, Jason formed a partnership with Angie (both EAP 14 graduates and knew each other in the program) in marketing a branded children education program, “Mind Champs”. Within a year, they build up a team of 70 program consultants and accordingly to reliable sources, Jason bag in at least a comfortable five figure monthly while adding alot of value to parents and school children. Watch the short interview which I conducted in my office (Wear a earpiece for a clearer sound)
6 keys message from the interview:
1. Focus. Focus. Focus.
2. Constantly adding more value on existing products and services (Jason/Angie team took initative to conduct own talks to corporate and institutions).
3. Team: Together Everyone Achieve More
4. Passionate in the business you are in
5. Leverage on strong network and build leaders. There are 15 EAP graduates in Jason 70 strong sales team member. In his own words, “I find it extremely easy to work with M&Y and EAP graduate because of positive and movitated mindset
6. In business, Sell, sell, sell and all will be well!
Conduct Jason at +65 9633 7823 if you keen to find out more.
Do you have a business that you want me to blog about? Drop me an email ken@justmedia.com.sg
December 2, 2006 at 12:30 am
· Filed under Opportunities
I only started blogging and experience IM 2 months back and I will confess that I know nuts about it.
In this blog I would want to say a BIG THANK to Adam Wong (visit his blog at www.adam-wong.com) and Charles Yang (www.charlesyang.com. Lots of useful contents for blogging newbie) for their unselfish act of imparting their valuable knowledge and guidance. Thank you!
Oh, by the way, both of them are from Entrepreneur Action Program network.
Alot of people ask me, Ken, how does one make Massive Profit in business? Well, one thing sure, there are many ways of doing so, legally, morally and ethnically. However If someone tell you that theirs is the only way (and they usually claim it the fastest way too) to create financial freedom, please be cautious and stay clear.
In this blog, I will show you a real case study as part of my own creation of “Common Businesses & Uncommon Profits” Series (Copy is strictly prohibited without my permission). Please watch the clip below,
Ok ok, I can hear some of you start saying this: Nothing sexy, nothing advance. In fact, it is a dead boring business but let me assure you that their business & marketing strategy is superby! As some of you might know, I spend about 40-50% of my time overseas as my marketing and advertising business started to grow. And near to the place that I stay in Malaysia (PJ area), there is a nice duck rice stall called “Sunrise”. My partner bought me there a year ago and I frequent the place often to make the following observations:
1. They have only 2 type of dishes: Roast Duck and Cabbage
2. They have only 2 type of drinks: Sour plum soup and Herbal Tea
3. No renovation done. Very likely that the same deco are seen by 2 generations
4. No air-conditioning and hence very warm environment even when they install fans (KL weather can be quite punishing)
5. All clients are expected to share table
6. All ducks are freshly roasted on “Just In Time” basis
7. The business start opening at 11.30 am and close when all ducks “sold out” on daily basis. Usually, they close at 1.30 pm during weekday (Yup, you hear me right) and Monday is a rest day. I was there at 11.40 am to take the video and by 12 pm, long queue has formed already
8. They do not announce how many ducks left over or how much they sell each day. This is a well guarded secret but if you observant enough, one could make an estimation.
9. I estimated that one whole duck is chopped and sold within 1-2 mins interval. Hence, based on rough estimation: there are at least 100 ducks sold in any single afternoon if not more (weekend is more). Each duck is selling for RM40.
10. The secret receipt of roasting the duck is passed only to the boys of the family (I can hear the feminists are screaming now). Girls are incharge of chopping and serving. Total 6 staffs. Only 1 outlet.
Why is this business so powerful and what can we learn from it? Take a look below,
1. RM40 x 100 ducks x 6 days x 52 weeks = RM1,248,000 cash a year (without including cabbage and drinks). Let say the turnover for the drinks and cabbage is enough to pay for the cost of duck, rental and staff cost. Let me assure you, Banker love this business because there is no drama. Just plain boring RM40 per minute day in day out.
2. Because business are only run 3 hours operationally, staff can be paid half wage instead of full. Lower cost
3. Business is extremely efficient in utilising raw materials. No leftover and little wastage. Lower cost.
4. The speed of turning raw materials into cash. Inventories is not an asset. Your inventories will be your major blood clot if cannot generate into cash or other valuable resources fast enough. Alot of business died of blood clot. This include manspower for the service industry. Too many people “walking here and there”.
5. Keep it simple. 2 dishes, 2 drinks. Less operational and inventories keeping issues. Most importantly, the cost of good sold is kept consistently with minimium cost movement. Thus, this business become highly predicable if you run it long enough. Predictability is the key in long term business planning. You can plan exactly how much cashflow that your business need in a month/quarterly/yearly.
6. By following the “we will close once sold out” policy and the keeping the number of ducks avaliability mum, it creates a scarcity mentality in customer better take action fast and arrive there early and will lead to point 3 & 4. Interestingly, 75% of the customers would order half of a duck even when 2 persons dinning. This is called pyschological selling. The hot button is “There is not enough to go around”
7. Now come to the air conditioning part, it is intentional that the owner want to make the place warm so that you can eat quickly and leave your butt for the next guest! Thus, this lead to a faster table turnover and gel to point 3 & 4
8. Lastly, nothing work if your product/service quality is not the top. This is the key ingredient in a business before we can talk about branding and marketing.
Roast duck anyone? Look forward to your comment.
P/S: Please forward this url link to anyone you think might benefit from my post. Thanks!
