Posts Tagged ‘way of thinking’

Finding Errors

Wednesday, December 5th, 2007 by Alan Yu

This is kind of an old but interesting question that was passed on to me before that usually gets a lot of different answers. I’ve seen it pop up recently and so I’ll post it here for anyone who has never seen it before. Look at this list and see if you can identity what is wrong with it. Most people can’t find an error:

AAA
BBB
CCC
DDD
EEE
FFF
GGG
HHH
III
JJJ
KKK
LLL
MMM
NNN
OOO
PPP
QQQ
RRR
SSS
TTT
UUU
VVV
WWW
XXX
YYY
ZZZ

This is actually a good question I think for people who wish to try and change their way of thinking to a certain extent.

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Poor But Rich Mentality

Wednesday, September 12th, 2007 by Alan Yu

I was talking to a person today who mentioned that he didn’t exactly have a lot of money. When it came to his perspective in life though, he felt rich as he began to mention the more important things such as family and the people around them.

He then tried to use an example of a baby and how everything is so cheery for them while being able to crack a smile on virtually everyone. The other comment he posed was how we tend to become too obsessed with money as being the answer to everything. Sometimes it is those simple things in life that you need to do to really feel rich.

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Because You Have Something To Gain

Friday, February 25th, 2005 by Alan Yu

It seems like every other day I am reading stories from site owners on how they are struggling to handle the financial burden of running a web site as their visitor base is sky rocketing. While they have methods such as affiliate programs and various advertisements in place to generate income, the common theme that I hear is that it is not enough as their visitors don’t seem to be supporting their sponsors.

For example, let’s pretend that there is a person who frequently shops at Amazon.com. One day, a hobby site that the person visits decides to run the affiliate program offered by Amazon.com as a way to generate revenue. Even though the person frequently shops at the site, a common scenario is that the visitor would purposely avoid purchasing it through the hobby site that is trying to generate revenue and would instead go directly to Amazon.com even though there would be no real difference in the service that he would be receiving.

You can plead and beg all you want for support, but from my personal experience it comes down to the fact that there are many people who feel that if you have something to gain from a certain situation, they will take the extra initiative to make sure that you do not benefit from it because they would rather see themselves as the only one gaining something for it. Although I can say to a lesser extent that I have experienced similar scenarios in an online environment, there are multiple times in life where I have experienced this type of behavior from others.

A couple of years back when I was first able to offer people Internet access services I naturally started to promote it as it was a good service at a very competitive rate, the customer had the opportunity to get their service for free through referrals and for me it would help that category of my business grow. A couple that I personally knew was in the midst of searching for an Internet service provider and so I felt it would be an ideal solution for them. Since only the wife was available at the time, I spoke to her about the service and provided details about the rates and the perk of being able to receive free service by referring others to it.

She seemed excited about it and asked me to provide all of the necessary details to sign up and it was apparent that one of the key reasons on why she wanted to sign up was to help my business grow. After providing all the information, I left as it would be up to them to decide whether or not they wanted to go with it. A few days later, I noticed that they were one of my new customers and thought everything was well. However, apparently the decision was made without both of them agreeing to it first. The husband apparently blasted her for making the decision and eventually the service was canceled. It wasn’t too big of a deal that I lost the account, but I wanted to make sure everything was okay and to find out the exact reasons for the cancellation.

After discussing it with the husband, everything seemed okay which was great and when I asked whether or not there was a specific reason on why he wouldn’t want the service he just stated that he wanted to think it over more and to see what he could get from others. That sounded fair to me. Afterwards, his wife informed me that he was angry that she enrolled into a service without thoroughly thinking it over first and that since I was gaining something in this deal that they must be getting shafted somehow.

A few days later, they signed on with another provider and it was solely decided by the husband as he was mainly impressed that he was able to receive one month of free service for everyone he referred to the service. After looking at the service and rates, it was more expensive and was virtually the same thing that I offered. Obviously, the fact that he knew that I benefited in some way was one of the key reasons that he didn’t want to use the service.

I think it would be interesting to find out on what exactly a person is thinking when they make a decision solely based on whether or not you have something to gain in a situation that wouldn’t impact them in any way. I can see for example if one doesn’t want to support a certain organization because of things like religious beliefs or that they would have to go through extreme lengths to support them, but in a situation such as the site example above is mind boggling. My personal opinion is that when you encounter a situation like this, don’t spend too much energy trying to change somebody else but instead look for more ideas that your supporters will embrace.

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Business and Friendship

Sunday, February 13th, 2005 by Alan Yu

Recently, I just had a conversation with a friend about times where it seemed like working with people that you have known and trust turn out to be a disaster. When I reflect back to the times where this has personally happened to me, the main theme in every case was that I was naive in believing that there is no way your friends would intentionally want take advantage of you as why in the world would you want to jeopardize your friendship with a person whom you’ve known for quite awhile? One of the biggest examples of this in my life was how I got taken advantage of by a person whom I’ve known for a fair amount of time.

This person was interested in expanding his company’s service line-up by offering site designing services on the side and since he knew nothing about it, obviously he needed outside help. After discussing about it a bit with me, I agreed to help and would do it at a ridiculously low cost to help him get started. For example, imagine a web development cost that should be $1000 whereas I only charged $300. The agreement was that I made the sites for this cheap price and that he would handle the billing to maintain his company image to his clients and would therefore collect the funds from them and then pass it to me. Basically, he wouldn’t be making any money as it was just a way to attract more clients to his main business. Unfortunately, that didn’t turn out to be the case.

One day, I discovered that what he was doing was that he was actually reselling my work/services at a much higher price(Closer to the actual market value). He obviously didn’t know that I was onto him and so I kept asking questions such as how much he was charging people and of course he told me just the quotes that I gave him. After confirming and exposing the liar that he is, I immediately discontinued any contact and affiliation with him. I know most people would of held a huge grudge and done things such as go directly up to his existing clients to show them how much they got overcharged, which would of probably made him lose thousands, but I took it all as a learning experience and that I am no longer associated with an unethical person like this.

Each day now whenever I do business with people that I know, I always make sure that I also look out for myself and that if it seems like the business relationship is going sour, I am not afraid to bring up the issue immediately. Before I would be a little hesitant as I would be afraid that it would affect our friendship in a negative way, but if it’s a real friendship to the end, then making sound business decisions shouldn’t be a factor. This can also be true for more everyday events such as lending money to people that you know. If you lent them $2000 to pay off a loan and they said that they would pay you back in a month, you shouldn’t have to nag them for it. You might think that you are being a bad friend for asking them to pay it back, but what kind of friend would take advantage of your generosity like that?

Learning to separate business from personal events can definitely help you in managing your financial portfolio and life in general as you will learn how to help others without placing yourself in a position that affects you in a negative way.

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