The Jews are inherently intelligent, that is true. Since the 19th century, up to a quarter of the world’s scientists have been Jewish, including many famous names such as Albert Einstein, Otto Frisch, Sigmund Freud,…Of course, they are not only famous and successful in the academic field, but also in other fields.
They have a very beautiful saying: “Bread will not fall from the sky by itself”. That is, every reward is not random, there is a reason behind it. If we don’t put effort, wisdom, and effort, we don’t dream of good things falling on our heads. Here are 10 rules of making money from the Jews that are extremely valuable, making them always successful in business:
1. Law of Commerce: Focus on serving women
The Jews believe that, if you want to make a lot of money, you should target women. The reason is that men tend to earn and accumulate money, while women are easier to spend money. Moreover, when a woman gets married, she will be the bearer of the family’s money and will spend the money to buy necessary household items. When we pay more attention to the market where the customers are women, we will easily succeed if our marketing plan is smart and attractive enough.
2. Money goes all around
In Jewish people’s conception, money goes everywhere, so they don’t have a fixed house, everywhere is home. Jewish merchants too penetrated and traded in new places, and did not focus solely on a fixed market. What they need is markets everywhere in the world, so they never hesitate to go here and there, build relationships and become partners. They think that “money is everywhere”, so no matter how far they have to go, as long as they have money, they are always ready.
3. The 78:22 Rule
The Jews believe that, in society, the ratio of ordinary people to people with money is about 78:22, that is, those with a money account for only 22% but own 78% of the volume of property. Therefore, if we focus on making money from people who have money, we will not be afraid of losses, because the rich, no matter how much they save, will still spend more than the poor. In other words, 22% of customers will generate 78% of profits for the business. There is a saying: “One day of earning 10 dumplings is not equal to 10 days earning a piece of gold”. Only focusing on customers and key products, will greatly improve profits.
4. Pay attention to the food industry
The food and beverage industry is often interested in by a lot of entrepreneurs because as long as they do this business, they can earn income everywhere. Eating and drinking are one of the basic human needs, as long as you know how to do business and satisfy other real needs, you will earn significant profits. As per capita income increases, consumers will become more demanding, willing to spend more time and money to satisfy this essential need. Therefore, the food and restaurant business will never be outdated, always bringing long-term benefits.
5. Make money by thinking
It’s obvious that people love to be a money fanatic, but we must not make money blindly. The Jews believe that money is a measure of intelligence, if money can be earned but not earned, that is indeed a mistake with money. We have to know how to learn, absorb knowledge, and convert it into reality, how to make real money. Only when the transformation is successful, then the value of life will be enhanced.
6. Spending a lot but gaining little is foolish
There is a saying: “Spending money on something of little benefit is a fool’s way!”. Don’t imitate people’s successful investments, we should just focus on what we’re best at. Spending a lot of money on wasteful things only pushes us to the brink of bankruptcy. Remember, preventing waste is also a smart investment!
7. Treasure the time
Treasure the time is the golden motto of Jewish in business. They not only use it to make money but also as a way to treat others politely.
The Jews have a saying: “The best time to plant a tree was 20 years ago. The second best time is now”. Time is life, time is money, so we need to seize every minute and every second to create business opportunities for ourselves.
8. Information is an opportunity
When everyone has the same starting point and the same conditions, only those who seize the opportunity first can win. We need to improve our competitiveness as well as our ability to capture the market. Jewish entrepreneurs believe that “information is money”, having the right information can decide success or failure. The so-called chance is momentary, random, and often fleeting.
9. Honesty is the foundation
The contract that the Jews are most interested in business is not profit, but whether the other party is honest or not. They are famous for keeping their faith, no matter what happens, they never arbitrarily terminate the contract. When doing business, the Jews will not give in, but if they face the contract, they are ready to suffer big losses, strictly abide by the signed rules. Therefore, please follow this rule of the game, establish a relationship where partners trust each other, win customers’ trust with sincerity.
10. Gather resources
The Jewish economist William Riggsson once said, “Everything is loanable, even capital, talent, technology, and intelligence.” Think that this world has already prepared all the resources we need, and all we need to do is gather them, use our intelligence to turn ideas into reality.