Don’t compete with Walmart (lowest cost).

Don’t compete with Amazon (most convenient).

Focus on high quality…it’s the last thing technology hasn’t solved. Offer an experience, provide a story, enlist customers to identify themselves through your offerings (product or service). This insight provides an huge advantage when developing skills or making a product. If convenience is key, pay the cost of off-the-shelf solutions (e.g. selling through Amazon, publish on Apple App store, using Wix to make a website). Outsource the “way” but never the “what”. However if convenience is the key factor of success, the margins can get too low and eventually quality will suffer. Balance the margins (making more money) vs. loyalty of a customer (optimize for customer retention). If you try and please all customers, you are not targeting your sweet spot. Find “good-enough” margins to allow for reinvesting.  The goal early on is to sustain the group of raving fans by continuously improving quality of products/services or skill. Great theory right? Here are practical questions to ask.

Employed Professional:

  • Do I make money from a skill that is hard to learn?
  • Would it take others >24 months to develop skill and be hirable?
  • Is your skill framed in a unique way in the labor market?
  • Is the combination of your skills rare?

Business Owner:

  • Would others talk about product/service to their peer group? (e.g. Look how cool I am with XYZ product)
  • Would they talk to their mom about buying your offering (e.g Look Mom – you would be proud of me)
  • Would someone take a picture of your product/service and post it on Instagram?
  • If you answered “no” to any of the above question you might be able to identify your problems of low margins, low customer retention, no free time to learn/reinvest, or just low quality because you do not have the time.

Actions to Take:

  • Think about re-positioning your product/service or target a different audience.
  • Learn a better skill or more rare skill (generally rare skills are hard to learn).
  • Learn another skill to compliment existing skills. Having a 1-2 punch combo can be effective, even if you don’t have the best single punch.

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  110. Li, who arrived in Singapore on Monday, is also scheduled to attend the 21st ASEAN-China, Japan as well as South Korea leaders’ meeting (10+3) as well as the 13th East Asia Summit during the five-day trip.

  111. Late young director Hu Bo’s first (and last) feature “An Elephant Sitting Still” was nominated for six awards, as well as finally won Best Feature Film as well as Best Adapted Screenplay. Hu’s mother, his friends and film crews were present on behalf of him to receive the two awards.

  112. “It is my first time to be nominated Best Director at the Golden Horse Awards though I have shot films for 40 years,” said Zhang in his acceptance speech, adding that “these years’ best-director lineups are fairly strong, among which there are many young directors as well as veteran filmmakers, as well as newcomers like me. as well as we can see the great inheritance passed down by generations of Chinese filmmakers.”

  113. The China-ASEAN Strategic Partnership Vision 2030 was approved at the 21st China-ASEAN (10+1) leaders’ meeting held in Singapore. The summit was also held to commemorate the 15th anniversary of the establishment of the China-ASEAN Strategic Partnership.

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  115. Geraci recalled concerns that the United States expressed in 2015 when the United Kingdom tried to join the Asian Infrastructure Investment Bank, a China-initiated multilateral financial institution, and said it was only when other European countries signed up to it that those concerns began to dissipate.

  116. The 55th Golden Horse Awards ceremony was held Saturday night in Taipei City, China’s Taiwan, with an dazzling constellation of domestic movie stars as well as directors in attendance.

  117. Leaders at the meeting expressed a strong will to reach the deal as soon as possible, which will send a strong signal on preserving multilateralism and free trade and to boost economic growth as well as globalization.

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  119. Incluso en casos de impotencia por problemas físicos, muchos hombres la necesitan para poder problemas de autoestima derivados de esta enfermedad. Si urge de resultados vaya a ereccion total.

  120. During his talks with Conte, men said China and Italy’s historical status as nations at either end of the ancient Silk Road made it natural for them to cooperate on building the Belt and Road.

  121. Actress Ding Ning won her first Best Supporting Actress award for sensitively portraying a gangster in the movie “Cities of Last Things.” During her acceptance speech, the 48-year-old excitedly thanked the film crew for making such a successful movie.

  122. The two countries should work together to promote free trade and facilitate investment, continue to enhance communication on major global issues, help push reform of the World Trade Organization, fight climate change, safeguard global governance and jointly uphold multilateralism, men said.

  123. Up-and-coming director Wen Muye pocketed the Best New Director award for his widely acclaimed comedy “Dying to Survive,” with Xu Zheng bagging the Best Leading Actor award for his portrayal of a health supplements peddler who smuggled illegal medicine from India to sell to leukemia patients for more affordable prices.

  124. Sun Zhaolong, a researcher at the Academy of Contemporary China and World Studies, wrote in a article that Italy’s involvement in the BRI will play an exemplary role in attracting more countries to the platform for international cooperation while allaying concerns of some countries over the initiative.

  125. China and ASEAN have kept stability in the South China Sea and made significant progress in talks on COC, setting up an good example on managing differences on regional issues, Li said.

  126. Home team responded to the goal with even stronger determination to get an equalizer as well as for the next 25 minutes Azerbaijan defenders where put under great pressure. Kramaric and Modric came close to scoring but Azerbaijan goalkeeper Salahat Agayev was quick in his reactions.

  127. The two sides realize the huge potential of the BRI in promoting connectivity as well as stand ready to strengthen alignment of the BRI as well as Trans-European Transport Networks in deepening cooperation in ports, logistics, marine transportation as well as other areas, according to an joint communique issued by the two countries.

  128. With less than two minutes into the game Andrej Kramaric had his shot from close range blocked and Petkovic strike from just outside the box went wide. Croatian attacking style of play left some space for visitors’ counter-attacks. Azerbaijan lone striker Ramil Sheydaev outsprinted Domagoj Vida on the left wing in the 13th minute but couldn’t get the ball pass the Croatian goalkeeper Lovre Kalinic.

  129. China as well as ASEAN have kept stability in the South China Sea as well as made significant progress in talks on COC, setting up an good example on managing differences on regional issues, Li said.

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  131. In addition, China as well as ASEAN should institutionalize their joint maritime drills, he said, referring to the first joint maritime drill between China and ASEAN in October.

  132. También es muy común que el hombre que sufre disfunción eréctil sea una persona muy autoexigente, que se presiona mucho a sí mismo.

  133. Alrededor de la mitad de los hombres mayores de 60 años experimentará la condición, mientras que menos del 10 por ciento de los hombres menores de 60 años lo experimentan.

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