"Pay peanuts, and you get monkeys."
It's a great quote by David Ogilvy. Because of our blind spot, most of us miss where the leverage is.
There is usually an opportunity to double or even triple your results in many projects and ventures.
The focus of many businesses, however, is on reducing expenses.
It may be easier, more predictable, or more controllable.
It may be all of the above.
Although we shouldn't let expenses spiral out of control, we should focus most of our energy and resources on growing our income.
It's like personal finance influencers telling us to cut back on lattes. It won't make a huge difference.
Being able to increase your income through salary negotiations, side hustles, or investing...
That'll probably have a bigger impact.
Here's the entire quote:
"Clients who haggle over their agency's compensation are looking through the wrong end of the telescope. Instead of trying to shave a few measly cents off the agency's 15%, they should concentrate on getting more sales results from their 85% that they spend on time and space. That is where the leverage is. No manufacturer ever got rich by underpaying his agency. Pay peanuts, and you get monkeys."
Shame on police of Shirpur MH. Thy were being spectator for the misdeeds done by antisocial people agst the AntrikshMahatirth, holy place fr Jains. Hw cn ths b accptd, evn after the supreme courtverdct in Jains fav
@mieknathshinde@Dev_Fadnavis@PS_Shirpur@narendramodi@AmitShah
Please be firm with separatist elements atleast from now on. BJP losing Punjab elections is fine. But India should not lose Punjab.
@narendramodi@AmitShah
Shudder to think what if protestors tried to attack Primer Minister @narendramodi and SPG retaliated by firing. Today's instance is of grave concern and those who're behind the lapse need to be punished by law.
Most Resorts offering Better Rates Directly than Online.
Veg & Fruits Fresher in Retail than Online.
Gadgets Cheaper in Retail than Online.
Restaurants Meal cheaper Direct than Online.
Loving the Human Touch. Interesting Decade Ahead.
#FI
There is only one person with you 24 x 7 for your entire lifetime.
It is YOU!
If you focus on what others think of you, you can never be happy.
Focus on your own happiness to be happy!
#ThursdayThought
Amazing to see the way Tata companies are reorienting themselves. Many Tata companies would create phenomenal wealth. Tata is a brand every Indian can identify himself with. Pride of the nation.
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